Pledge of Property. The pledged property is the accounts receivable lawfully owned by the Pledgor (for a detailed description, please see Section 3, Article X, of this Contract). The accounts receivable as mentioned herein refer to the right of the Pledgor to demand the obligor to make payments in return for offering certain goods, services or facilities, including existing and potential monetary claims and the proceeds thereof, but not including the right to claim payments from bills or other negotiable securities. The accounts receivable as mentioned herein include the following rights:
1. claims from sale, including the sale of goods, the supply of water, power, gas, or heat and the licensed use of intellectual property;
2. claims from leasing, including the leasing of movable and immovable property;
3. claims from rendering services;
4. the right to charge fees for immovable property such as highways, bridges, tunnels and ferries etc.; and
5. claims from the granting of loans or other credit.
Pledge of Property. As security for all obligations, in an aggregate amount not to exceed the Required Collateral Amount (as defined below), of (i) Borrower to you (whether now existing or hereafter arising, whether absolute or contingent, whether originally owed to you or acquired by you by assignment and however evidenced) under that certain Promissory Note issued by Borrower to you, dated June 3, 2004 (the "Secured Note") (but only on the terms and conditions of the Secured Note attached as Appendix A hereto, except to the extent approved in writing by us), and (ii) us to you under this Pledge ((i) and (ii), collectively, the "Secured Obligations"), we pledge and assign to you and grant to you a security interest in the Property (as defined in III. below).
Pledge of Property. 46 Section 7.10 Books and Records; Collateral Access Agreements. 46 Section 7.11 Additional Subsidiaries. 46 Section 7.12 Depository Relationship. 47 Section 7.13 Environmental Matters. 47 Section 7.14 Maintenance of Reinsurance 47 Section 7.15 Post-Closing Obligations 47 Section 8. NEGATIVE COVENANTS 47 Section 8.1 Indebtedness. 47 Section 8.2 Liens. 48 Section 8.3 Restricted Payments. 49 Section 8.4 Burdensome Agreements. 49 Section 8.5 Investments. 50 Section 8.6 Financial Covenants. 51 Section 8.7 Fundamental Changes; Asset Sales. 52 Section 8.8 Transactions with Affiliates. 52 Section 8.9 Use of Proceeds. 53 Section 8.10 Conduct of Business. 53 Section 8.11 Fiscal Year. 53
Pledge of Property. 13 Section 6.10 Books and Records. 13 Section 6.12 Depository Relationship. 13 Section 7. NEGATIVE COVENANTS 13 Section 7.1 Indebtedness. 13 Section 7.2 Liens. 13 Section 7.3 Restricted Payments. 14 Section 7.4 Burdensome Agreements. 14 Section 7.5 Investments. 14 Section 7.8 Fundamental Changes; Asset Sales. 14 Section 7.9 Transactions with Affiliates. 14 Section 7.10 Use of Proceeds. 15 Section 7.11 Conduct of Business. 15 Section 7.12 Fiscal Year. 15
Pledge of Property. At any time and from time to time at the written request of the Agent, each Borrower or Guarantor shall execute, deliver and, if requested, record and/or file such security agreements, pledge agreements, mortgages and/or related or similar documents as the Agent shall reasonably request and take such further action as the Agent shall reasonably request, in each case, in order to grant to the Agent (or other Person selected by the Agent) for the benefit of the Banks, a Lien on all of such Borrower's right, title and interest in all real or personal property owned by such Borrower or Guarantor or any real or personal property acquired by such Borrower or Guarantor after the Closing Date or, to the extent such Borrower or Guarantor becomes a Borrower or Guarantor after the Closing Date, all of such Borrower's right, title and interest in any and all assets of such Borrower or Guarantor, in each case as additional collateral for the obligations of the Borrowers to the Agent and the Banks under this Agreement and the other Loan Documents.
Pledge of Property. 68 5.13 Notice and Joinder of New Subsidiaries..................................................................... 68 5.14
Pledge of Property. As security for the Secured Obligations, the Grantor hereby grants to Secured Party a security interest in, and assigns, transfers, conveys, pledges and hypothecates to Secured Party, all of the Grantor’s right, title and interest in and to the following (collectively, the “Property”): (i) the stock described in Exhibit A and all proceeds thereof (the “Stock”), (ii) any additional shares of the capital stock of the Company, of whatever class or description acquired by Grantor by exchange or replacement at any time after the date hereof (the “Additional Stock”), (iii) any stock or other securities issued in exchange or replacement for the Stock or Additional Stock (which, together with the Stock and Additional Stock, is herein called the “Pledged Stock”), (iv) all proceeds of any of the foregoing, and (v) all dividends (cash or otherwise), rights to receive dividends, stock dividends, dividends paid in stock, distributions upon redemption or liquidation, distributions as a result of split-ups, recapitalizations or rearrangements, stock rights, rights to subscribe, voting rights and rights to receive securities.
Pledge of Property. 48 5.14 Covenants Regarding Formation of Subsidiaries and Acquisitions ................................................ 48 5.15
Pledge of Property. At any time and from time to time at the written request of the Bank, execute, deliver and, if requested, record and/or file such security agreements, pledge agreements and/or related or similar documents as the Bank shall reasonably request and take such further action as the Bank shall reasonably request, in each case, in order to grant to the Bank a Lien on all real or personal property or leasehold interests owned by the Borrower.
