Registration, etc. Each Pledgor agrees that, upon the occurrence and during the continuance of an Event of Default hereunder, if for any reason the Collateral Agent desires to sell any of the Pledged Securities of the Borrower at a public sale, it will, at any time and from time to time, upon the written request of the Collateral Agent, use its best efforts to take or to cause the issuer of such Pledged Securities to take such action and prepare, distribute and/or file such documents, as are required or advisable in the reasonable opinion of counsel for the Collateral Agent to permit the public sale of such Pledged Securities. Each Pledgor further agrees to indemnify, defend and hold harmless the Collateral Agent, each other Secured Party, any underwriter and their respective officers, directors, affiliates and controlling persons from and against all loss, liability, expenses, costs of counsel (including, without limitation, reasonable fees and expenses to the Collateral Agent of legal counsel), and claims (including the costs of investigation) that they may incur insofar as such loss, liability, expense or claim arises out of or is based upon any alleged untrue statement of a material fact contained in any prospectus (or any amendment or supplement thereto) or in any notification or offering circular, or arises out of or is based upon any alleged omission to state a material fact required to be stated therein or necessary to make the statements in any thereof not misleading, except insofar as the same may have been caused by any untrue statement or omission based upon information furnished in writing to such Pledgor or the issuer of such Pledged Securities by the Collateral Agent or any other Secured Party expressly for use therein. Each Pledgor further agrees, upon such written request referred to above, to use its best efforts to qualify, file or register, or cause the issuer of such Pledged Securities to qualify, file or register, any of the Pledged Securities under the Blue Sky or other securities laws of such states as may be requested by the Collateral Agent and keep effective, or cause to be kept effective, all such qualifications, filings or registrations. Each Pledgor will bear all costs and expenses of carrying out its obligations under this Section 12. Each Pledgor acknowledges that there is no adequate remedy at law for failure by it to comply with the provisions of this Section 12 and that such failure would not be adequately compensable in damages, and therefore agrees that its agreements contained in this Section 12 may be specifically enforced.
Appears in 10 contracts
Samples: Pledge Agreement (Alamosa Holdings Inc), Pledge Agreement (Alamosa Properties Lp), Credit Agreement (Shared Technologies Inc)
Registration, etc. Each Pledgor agrees that, upon the occurrence and during the continuance of an Event of Default hereunderDefault, if for any reason the Collateral Agent desires to sell any of the Pledged Securities of the Borrower Collateral at a public sale, it will, at any time and from time to time, upon the written request of the Collateral Agent, use its best commercially reasonable efforts to take or to cause the issuer of such Pledged Securities Collateral to take such action and prepare, distribute and/or file such documents, as are required or advisable in the reasonable opinion of counsel for the Collateral Agent to permit the public sale of such Pledged SecuritiesCollateral. Each Pledgor further agrees to indemnify, defend and hold harmless the Collateral Administrative Agent, each other Secured Party, any underwriter and their respective officers, directors, affiliates and controlling persons from and against all loss, liability, expenses, costs of counsel (including, without limitation, including reasonable fees and expenses to the Collateral Agent of legal counsel), and claims (including the costs of investigation) that they may incur insofar as such loss, liability, expense or claim arises out of or is based upon any alleged untrue statement of a material fact contained in any prospectus (or any amendment or supplement thereto) or in any notification or offering circular, or arises out of or is based upon any alleged omission to state a material fact required to be stated therein or necessary to make the statements in any thereof not misleading, except insofar as the same may have been caused by any untrue statement or omission based upon information furnished in writing to such Pledgor or the issuer of such Pledged Securities Collateral by the Collateral Agent or any other Secured Party expressly for use therein. Each Pledgor further agrees, upon such written request referred to above, to use its best commercially reasonable efforts to qualify, file or register, or cause the issuer of such Pledged Securities Collateral to qualify, file or register, any of the Pledged Securities Collateral under the Blue Sky or other securities laws of such states as may be reasonably requested by the Collateral Agent and keep effective, or cause to be kept effective, all such qualifications, filings or registrations. Each Pledgor will bear all costs and expenses of carrying out its obligations under this Section 125.05. Each Pledgor acknowledges that there is no adequate remedy at law for failure by it to comply with the provisions of this Section 12 5.05 only and that such failure would not be adequately compensable in damagesdamages and, and therefore therefore, agrees that its agreements contained in this Section 12 5.05 may be specifically enforced.
Appears in 9 contracts
Samples: u.s. Guarantee and Collateral Agreement (TRW Automotive Holdings Corp), Guarantee and Collateral Agreement (Chart Industries Inc), Guarantee and Collateral Agreement (Nalco Holding CO)
Registration, etc. Each Pledgor agrees that, upon the occurrence and during the continuance of an Event of Default hereunderDefault, if for any reason the Collateral Agent desires to sell any of the Pledged Securities of the Borrower Collateral at a public sale, it will, at any time and from time to time, upon the written request of the Collateral Agent, use its best commercially reasonable efforts to take or to cause the issuer of such Pledged Securities Collateral to take such action and prepare, distribute and/or file such documents, as are required or advisable in the reasonable opinion of counsel for the Collateral Agent to permit the public sale of such Pledged SecuritiesCollateral. Each Pledgor further agrees to indemnify, defend and hold harmless the Collateral Agent, each other Secured Party, any underwriter and their respective officers, directors, affiliates and controlling persons from and against all loss, liability, expenses, costs of counsel (including, without limitation, including reasonable fees and expenses to the Collateral Agent of legal counsel), and claims (including the costs of investigation) that they may incur insofar as such loss, liability, expense or claim arises out of or is based upon any alleged untrue statement of a material fact contained in any prospectus (or any amendment or supplement thereto) or in any notification or offering circular, or arises out of or is based upon any alleged omission to state a material fact required to be stated therein or necessary to make the statements in any thereof not misleading, except insofar as the same may have been caused by any untrue statement or omission based upon information furnished in writing to such Pledgor or the issuer of such Pledged Securities Collateral by the Collateral Agent or any other Secured Party expressly for use therein. Each Pledgor further agrees, upon such written request referred to above, to use its best commercially reasonable efforts to qualify, file or register, or cause the issuer of such Pledged Securities Collateral to qualify, file or register, any of the Pledged Securities Collateral under the Blue Sky or other securities laws of such states as may be reasonably requested by the Collateral Agent and keep effective, or cause to be kept effective, all such qualifications, filings or registrations. Each Pledgor will bear all costs and expenses of carrying out its obligations under this Section 124.05. Each Pledgor acknowledges that there is no adequate remedy at law for failure by it to comply with the provisions of this Section 12 4.05 only and that such failure would not be adequately compensable in damagesdamages and, and therefore therefore, agrees that its agreements contained in this Section 12 4.05 may be specifically enforced.
Appears in 6 contracts
Samples: Collateral Agreement, Collateral Agreement (EVERTEC, Inc.), Collateral Agreement (EVERTEC, Inc.)
Registration, etc. Each Pledgor agrees that, upon the occurrence and during the continuance of an Event of Default hereunderDefault, if for any reason the Collateral Agent desires to sell any of the Pledged Securities of the Borrower at a public sale, it will, at any time and from time to time, upon the written request of the Collateral Agent, use its reasonable best efforts to take or to cause the issuer of such Pledged Securities to take such action and prepare, distribute and/or file such documents, as are required or advisable in the reasonable opinion of counsel for the Collateral Agent to permit the public sale of such Pledged Securities. Each Pledgor further agrees to indemnify, defend and hold harmless the Collateral Agent, each other Secured Party, any underwriter and their respective officers, directors, affiliates and controlling persons Persons from and against all loss, liability, expenses, costs of counsel (including, without limitation, reasonable fees and expenses to the Collateral Agent of legal counsel), and claims (including the costs of investigation) that they may incur insofar as such loss, liability, expense or claim arises out of or is based upon any alleged untrue statement of a material fact contained in any prospectus (or any amendment or supplement thereto) or in any notification or offering circular, or arises out of or is based upon any alleged omission to state a material fact required to be stated therein or necessary to make the statements in any thereof not misleading, except insofar as the same may have been caused by any untrue statement or omission based upon information furnished in writing to such Pledgor or the issuer of such Pledged Securities by the Collateral Agent or any other Secured Party expressly for use therein. Each Pledgor further agrees, upon such written request referred to above, to use its reasonable best efforts to qualify, file or register, or cause the issuer of such Pledged Securities to qualify, file or register, any of the Pledged Securities under the Blue Sky or other securities laws of such states as may be requested by the Collateral Agent and keep effective, or cause to be kept effective, all such qualifications, filings or registrations. Each Pledgor will bear all costs and expenses of carrying out its obligations under this Section 12. Each Pledgor acknowledges that there is no adequate remedy at law for failure by it to comply with the provisions of this Section 12 and that such failure would not be adequately compensable in damages, and therefore agrees that its agreements contained in this Section 12 may be specifically enforced.
Appears in 6 contracts
Samples: Pledge Agreement (Memc Electronic Materials Inc), Revolving Credit Agreement (Memc Electronic Materials Inc), Reimbursement Agreement (Memc Electronic Materials Inc)
Registration, etc. Each If the Collateral Agent reasonably determines that it is necessary to sell any of the Pledged Securities at a public sale, the Pledgor agrees that, upon the occurrence and during the continuance of an Event of Default hereunder, if for any reason the Collateral Agent desires to sell any of the Pledged Securities of the Borrower at a public sale, it Pledgor will, at any time and from time to time, upon the written request of the Collateral Agent, use its best efforts to take or to cause the issuer Issuer of such Pledged Securities to take such action and prepare, distribute and/or file such documents, as are required or advisable in the reasonable opinion of counsel for the Collateral Agent to permit the public sale of such Pledged Securities. Each Without limiting any of its other indemnification obligations under the Loan Documents, the Pledgor further agrees to indemnify, defend and hold harmless the Collateral Agent, each other Secured Party, any underwriter and their respective officers, directors, affiliates Affiliates and controlling persons Persons from and against all loss, liability, expenses, costs of counsel (including, without limitation, including the reasonable fees and expenses of legal counsel to the Collateral Agent of legal counselAgent), and claims (including the reasonable costs of investigation) that they any of them may incur insofar as such loss, liability, expense or claim arises out of of, or is based upon upon, any alleged untrue statement of a material fact contained in any prospectus (or any amendment or supplement thereto) or in any notification or offering circular, or arises out of or is based upon any alleged omission to state a material fact required to be stated therein or necessary to make the statements in any thereof not misleading, except insofar as the same may have been caused by any untrue statement or omission based upon information furnished in writing to such the Pledgor or the issuer Issuer of such Pledged Securities by the Collateral Agent or any other Secured Party expressly for use therein. Each The Pledgor further agrees, upon such written request referred to above, to use its best efforts to qualify, file or register, or cause the issuer Issuer of such Pledged Securities to qualify, file or register, any of the Pledged Securities under the Securities Act, Blue Sky Laws or other securities laws of such states as may be requested by the Collateral Agent and keep effective, or cause to be kept effective, all such qualifications, filings or registrations. Each The Pledgor will bear all costs and expenses of carrying out its their obligations under this Section 129. Each The Pledgor acknowledges that there is no adequate remedy at law for failure by it them to comply with the provisions of this Section 12 9 and that such failure would not be adequately compensable in damages, and therefore agrees agree that its their agreements contained in this Section 12 9 may be specifically enforced.
Appears in 5 contracts
Samples: Securities Collateral Pledge Agreement (Gamestop Corp), Securities Collateral Pledge Agreement (Gamestop Corp), Securities Collateral Pledge Agreement (Gamestop Corp)
Registration, etc. Each Pledgor Grantor agrees that, upon the occurrence and during the continuance of an Event of Default hereunderDefault, if for any reason the Collateral Agent desires to sell any of the Pledged Securities of the Borrower Collateral at a public sale, it will, at any time and from time to time, upon the written request of the Collateral Agent, use its best commercially reasonable efforts to take or to cause the issuer of such Pledged Securities Collateral to take such action and prepare, distribute and/or file such documents, as are required or advisable in the reasonable opinion of counsel for the Collateral Agent to permit the public sale of such Pledged SecuritiesCollateral. Each Pledgor Grantor further agrees to indemnify, defend and hold harmless the Administrative Agent, the Collateral Agent, each other Secured Party, any underwriter and their respective officers, directors, affiliates and controlling persons from and against all loss, liability, expenses, costs of counsel (including, without limitation, reasonable fees and expenses to the Collateral Agent of legal counsel), and claims (including the costs of investigation) that they may incur insofar as such loss, liability, expense or claim arises out of or is based upon any alleged untrue statement of a material fact contained in any prospectus (or any amendment or supplement thereto) or in any notification or offering circular, or arises out of or is based upon any alleged omission to state a material fact required to be stated therein or necessary to make the statements in any thereof not misleading, except insofar as the same may have been caused by any untrue statement or omission based upon information furnished in writing to such Pledgor Grantor or the issuer of such Pledged Securities Collateral by the Collateral Agent or any other Secured Party expressly for use therein. Each Pledgor Grantor further agrees, upon such written request referred to above, to use its best commercially reasonable efforts to qualify, file or register, or cause the issuer of such Pledged Securities Collateral to qualify, file or register, any of the Pledged Securities Collateral under the Blue Sky or other securities laws of such states as may be requested by the Collateral Agent and keep effective, or cause to be kept effective, all such qualifications, filings or registrations. Each Pledgor Grantor will bear all costs and expenses of carrying out its obligations under this Section 125.05. Each Pledgor Grantor acknowledges that there is no adequate remedy at law for failure by it to comply with the provisions of this Section 12 5.05 and that such failure would not be adequately compensable in damages, and therefore agrees that its agreements contained in this Section 12 5.05 may be specifically enforced.
Appears in 5 contracts
Samples: Guarantee and Collateral Agreement (Dennys Corp), Guarantee and Collateral Agreement (Dex Media International Inc), Guarantee and Collateral Agreement (Dennys Corp)
Registration, etc. Each Pledgor Guarantor agrees that, upon the occurrence and during the continuance of an Event of Default hereunderDefault, if for any reason the Collateral Agent desires to sell any of the Pledged Securities of the Borrower Collateral at a public sale, it will, at any time and from time to time, upon the written request of the Collateral Agent, use its best commercially reasonable efforts to take or to cause the issuer of such Pledged Securities Collateral to take such action and prepare, distribute and/or file such documents, as are required or advisable in the reasonable opinion of counsel for the Collateral Agent to permit the public sale of such Pledged SecuritiesCollateral. Each Pledgor Guarantor further agrees to indemnify, defend and hold harmless the Collateral Administrative Agent, each other Secured Party, any underwriter and their respective officers, directors, affiliates and controlling persons from and against all loss, liability, expenses, costs of counsel (including, without limitation, including reasonable fees and expenses of legal counsel to the Collateral Agent of legal counsel)of, and claims (including the costs of investigation) that they may incur insofar as such loss, liability, expense or claim arises out of or is based upon any alleged untrue statement of a material fact contained in any prospectus (or any amendment or supplement thereto) or in any notification or offering circular, or arises out of or is based upon any alleged omission to state a material fact required to be stated therein or necessary to make the statements in any thereof not misleading, except insofar as the same may have been caused by any untrue statement or omission based upon information furnished in writing to such Pledgor Guarantor or the issuer of such Pledged Securities Collateral by the Collateral Agent or any other Secured Party expressly for use therein. Each Pledgor Guarantor further agrees, upon such written request referred to above, to use its best commercially reasonable efforts to qualify, file or register, or cause the issuer of such Pledged Securities Collateral to qualify, file or register, any of the Pledged Securities Collateral under the Blue Sky or other securities laws of such states as may be reasonably requested by the Collateral Agent and keep effective, or cause to be kept effective, all such qualifications, filings or registrations. Each Pledgor Guarantor will bear all costs and expenses of carrying out its obligations under this Section 125.05. Each Pledgor Guarantor acknowledges that there is no adequate remedy at law for failure by it to comply with the provisions of this Section 12 5.05 only and that such failure would not be adequately compensable in damagesdamages and, and therefore therefore, agrees that its agreements contained in this Section 12 5.05 may be specifically enforced.
Appears in 5 contracts
Samples: Guarantee and Collateral Agreement (Celanese CORP), Credit Agreement (Celanese CORP), Guarantee and Collateral Agreement (Celanese CORP)
Registration, etc. Each Pledgor agrees that, upon the occurrence and during the continuance of (a) If an Event of Default hereundershall have occurred and be continuing and any Pledgor shall have received from the Pledgee a written request or requests that such Pledgor cause any registration, if for qualification or compliance under any reason the Collateral Agent desires Federal or state securities law or laws to sell be effected with respect to all or any part of the Pledged Securities of the Borrower Stock, such Pledgor as soon as practicable and at a public sale, it will, at any time and from time to time, upon the written request of the Collateral Agent, its expense will use its best reasonable efforts to take or cause such registration to be effected (and be kept effective) and will use its reasonable efforts to cause such qualification and compliance to be effected (and be kept effective) as may be so requested and as would permit or facilitate the issuer sale and distribution of such Pledged Securities to take such action and prepareStock, distribute and/or file such documents, as are required or advisable in the reasonable opinion of counsel for the Collateral Agent to permit the public sale of such Pledged Securities. Each Pledgor further agrees to indemnify, defend and hold harmless the Collateral Agent, each other Secured Party, any underwriter and their respective officers, directors, affiliates and controlling persons from and against all loss, liability, expenses, costs of counsel (including, without limitation, reasonable fees registration under the Securities Act of 1933 as then in effect (or any similar statute then in effect), appropriate qualifications under applicable blue sky or other state securities laws and expenses appropriate compliance with any other government requirements; provided, that the Pledgee shall furnish to such Pledgor such -------- information regarding the Pledgee as such Pledgor may request in writing and as shall be required in connection with any such registration, qualification or compliance. Such Pledgor will cause the Pledgee to be kept reasonably advised in writing as to the Collateral Agent progress of legal counsel)each such registration, qualification or compliance and as to the completion thereof, will furnish to the Pledgee such number of prospectuses, offering circulars or other documents incident thereto as the Pledgee from time to time may reasonably request, and claims will indemnify the Pledgee, each other Secured Creditor and all others participating in the distribution of the Pledged Stock against all claims, losses, damages and liabilities caused by any untrue statement (including the costs of investigation) that they may incur insofar as such loss, liability, expense or claim arises out of or is based upon any alleged untrue statement statement) of a material fact contained in any prospectus therein (or any amendment or supplement thereto) or in any related registration statement, notification or offering circular, the like) or arises out of by any omission (or is based upon any alleged omission omission) to state therein (or in any related registration statement, notification or the like) a material fact required to be stated therein or necessary to make the statements in any thereof therein not misleading, except insofar as the same may have been caused by any an untrue statement or omission based upon information furnished in writing to such Pledgor by the Pledgee or such other Secured Creditor expressly for use therein.
(b) If at any time when the Pledgee shall determine to exercise its right to sell all or any part of the Pledged Securities pursuant to Section 7 hereof, such Pledged Securities or the issuer part thereof to be sold shall not, for any reason whatsoever, be effectively registered under the Securities Act of 1933, as then in effect, the Pledgee may, in its sole and absolute discretion, sell such Pledged Securities or part thereof by private sale in such manner and under such circumstances as the Pledgee may deem necessary or advisable in order that such sale may legally be effected without such registration; provided, that -------- at least 10 days' notice of the time and place of any such sale shall be given to such Pledgor. Without limiting the generality of the foregoing, in any such event the Pledgee, in its sole and absolute discretion: (i) may proceed to make such private sale notwithstanding that a registration statement for the purpose of registering such Pledged Securities or part thereof shall have been filed under such Securities Act; (ii) may approach and negotiate with a single possible purchaser to effect such sale; and (iii) may restrict such sale to a purchaser who will represent and agree that such purchaser is purchasing for its own account, for investment, and not with a view to the distribution or sale of such Pledged Securities by or part thereof. In the Collateral Agent event of any such sale, the Pledgee shall incur no responsibility or liability for selling all or any other Secured Party expressly for use therein. Each Pledgor further agrees, upon such written request referred to above, to use its best efforts to qualify, file or register, or cause the issuer of such Pledged Securities to qualify, file or register, any part of the Pledged Securities at a price which the Pledgee, in its sole and absolute discretion, may in good xxxxx xxxx reasonable under the Blue Sky or other securities laws of such states circumstances, notwithstanding the possibility that a substantially higher price might be realized if the sale were deferred until after registration as may be requested by the Collateral Agent and keep effective, or cause to be kept effective, all such qualifications, filings or registrations. Each Pledgor will bear all costs and expenses of carrying out its obligations under this Section 12. Each Pledgor acknowledges that there is no adequate remedy at law for failure by it to comply with the provisions of this Section 12 and that such failure would not be adequately compensable in damages, and therefore agrees that its agreements contained in this Section 12 may be specifically enforcedaforesaid.
Appears in 5 contracts
Samples: Pledge Agreement (Dade International Inc), Pledge Agreement (Wesley Jessen Holding Inc), Pledge Agreement (Wesley Jessen Visioncare Inc)
Registration, etc. Each Pledgor agrees that, upon the occurrence and during the continuance of an Event of Default hereunderDefault, if for any reason the Collateral Administrative Agent desires to sell any of the Pledged Securities of the Borrower Collateral at a public sale, it will, at any time and from time to time, upon the written request of the Collateral Administrative Agent, use its best commercially reasonable efforts to take or to cause the issuer of such Pledged Securities Collateral to take such action and prepare, distribute and/or file such documents, as are required or advisable in the reasonable opinion of counsel for the Collateral Administrative Agent to permit the public sale of such Pledged SecuritiesCollateral. Each Pledgor further agrees to indemnify, defend and hold harmless the Collateral Administrative Agent, each other Secured Party, any underwriter and their respective officers, directors, affiliates and controlling persons Persons from and against all loss, liability, expenses, costs of counsel (including, without limitation, including reasonable fees and expenses to the Collateral Administrative Agent of legal counsel), and claims (including the costs of investigation) that they may incur insofar as such loss, liability, expense or claim arises out of or is based upon any alleged untrue statement of a material fact contained in any prospectus (or any amendment or supplement thereto) or in any notification or offering circular, or arises out of or is based upon any alleged omission to state a material fact required to be stated therein or necessary to make the statements in any thereof not misleading, except insofar as the same may have been caused by any untrue statement or omission based upon information furnished in writing to such Pledgor or the issuer of such Pledged Securities Collateral by the Collateral Administrative Agent or any other Secured Party expressly for use therein. Each Pledgor further agrees, upon such written request referred to above, to use its best commercially reasonable efforts to qualify, file or register, or cause the issuer of such Pledged Securities Collateral to qualify, file or register, any of the Pledged Securities Collateral under the Blue Sky or other securities laws of such states as may be reasonably requested by the Collateral Administrative Agent and keep effective, or cause to be kept effective, all such qualifications, filings or registrations. Each Pledgor will bear all costs and expenses of carrying out its obligations under this Section 125.05. Each Pledgor acknowledges that there is no adequate remedy at law for failure by it to comply with the provisions of this Section 12 5.05 only and that such failure would not be adequately compensable in damagesdamages and, and therefore therefore, agrees that its agreements contained in this Section 12 5.05 may be specifically enforced.
Appears in 4 contracts
Samples: Credit Agreement (Chart Industries Inc), Credit Agreement (Chart Industries Inc), Guarantee and Collateral Agreement (Chart Industries Inc)
Registration, etc. Each Pledgor agrees that, upon the occurrence and during the continuance of an Event of Default hereunder, if for any reason the Collateral Agent desires to sell any of the Pledged Securities of the Borrower such Pledgor at a public sale, it will, at any time and from time to time, upon the written request of the Collateral Agent, use its best efforts to take or to cause the issuer of such Pledged Securities to take such action and prepare, distribute and/or file such documents, as are required or advisable in the reasonable opinion of counsel for the Collateral Agent to permit the public sale of such Pledged Securities. Each Pledgor further agrees to indemnify, defend and hold harmless the Collateral Agent, each other Secured Party, any underwriter and their respective officers, directors, affiliates and controlling persons Persons from and against all loss, liability, expenses, costs of counsel (including, without limitation, reasonable fees and expenses to the Collateral Agent of legal counsel), and claims (including the costs of investigation) that they may incur insofar as such loss, liability, expense or claim arises out of or is based upon any alleged untrue statement of a material fact contained in any prospectus (or any amendment or supplement thereto) or in any notification or offering circular, or arises out of or is based upon any alleged omission to state a material fact required to be stated therein or necessary to make the statements in any thereof not misleading, except insofar as the same may have been caused by any untrue statement or omission based upon information furnished in writing to such Pledgor or the issuer of such Pledged Securities by the Collateral Agent or any other Secured Party expressly for use therein. Each Pledgor further agrees, upon such written request referred to above, to use its best efforts to qualify, file or register, or cause the issuer of such Pledged Securities to qualify, file or register, any of the Pledged Securities under the Blue Sky or other securities laws of such states as may be requested by the Collateral Agent and keep effective, or cause to be kept effective, all such qualifications, filings or registrations. Each Pledgor will bear all costs and expenses of carrying out its obligations under this Section 1211. Each Pledgor acknowledges that there is no adequate remedy at law for failure by it to comply with the provisions of this Section 12 11 and that such failure would not be adequately compensable in damages, and therefore agrees that its agreements contained in this Section 12 11 may be specifically enforced.
Appears in 4 contracts
Samples: Credit Agreement (Crown Holdings Inc), Bank Pledge Agreement (Crown Holdings Inc), Bank Pledge Agreement (Crown Holdings Inc)
Registration, etc. Each Pledgor agrees that, upon the occurrence (a) If there shall have occurred and during the continuance of be continuing an Event of Default hereunderand acceleration of the Notes then, if for any reason and in every such case, upon receipt by the Pledgor from the Collateral Agent desires of a written request or requests that the Pledgor cause any registration, qualification or compliance under any Federal or any state securities law or laws to sell be effected with respect to all or any part of the Pledged Securities of Stock, the Borrower Pledgor as soon as practicable and at a public sale, it will, at any time and from time to time, upon the written request of the Collateral Agent, its expense will use its best commercially reasonable efforts to take or cause such registration to be declared effective (and be kept effective) and will use its commercially reasonable efforts to cause such qualification and compliance to be declared effective (and be kept effective) as may be so requested and as would permit or facilitate the issuer sale and distribution of such Pledged Securities to take such action and prepareStock, distribute and/or file such documents, as are required or advisable in the reasonable opinion of counsel for the Collateral Agent to permit the public sale of such Pledged Securities. Each Pledgor further agrees to indemnify, defend and hold harmless the Collateral Agent, each other Secured Party, any underwriter and their respective officers, directors, affiliates and controlling persons from and against all loss, liability, expenses, costs of counsel (including, without limitation, reasonable fees registration under the Securities Act of 1933, as then in effect (or any similar statute then in effect), appropriate qualifications under applicable blue sky or other state securities laws and expenses appropriate compliance with any other government requirements, provided that the Collateral Agent shall furnish to the Pledgor -------- such information regarding the Collateral Agent as the Pledgor may request in writing and as shall be required in connection with any such registration, qualification or compliance. Any such registration shall be effected in accordance with customary underwriting practices and in compliance with applicable law. The Pledgor will cause the Collateral Agent to be kept advised in writing as to the progress of each such registration, qualification or compliance and as to the completion thereof, will furnish to the Collateral Agent such number of legal counsel)prospectuses, offering circulars or other documents incident thereto as the Collateral Agent from time to time may reasonably request, and claims will indemnify the Collateral Agent and all others participating in the distribution of such Pledged Stock against all claims, losses, damages and liabilities caused by any untrue statement (including the costs of investigation) that they may incur insofar as such loss, liability, expense or claim arises out of or is based upon any alleged untrue statement statement) of a material fact contained in any prospectus therein (or any amendment or supplement thereto) or in any related registration statement, notification or offering circular, the like) or arises out of by any omission (or is based upon any alleged omission omission) to state therein (or in any related registration statement, notification or the like) a material fact required to be stated therein or necessary to make the statements in any thereof therein not misleading, except insofar as the same may have been caused by any an untrue statement or omission based upon information furnished in writing to the Pledgor by the Collateral Agent expressly for use therein.
(b) If at any time when the Collateral Agent shall determine to exercise its right to sell all or any part of the Pledged Securities pursuant to Section 7, and such Pledgor Pledged Securities or the issuer part thereof to be sold shall not, for any reason whatsoever, be effectively registered under the Securities Act of 1933, as then in effect, the Collateral Agent may, in its sole and absolute discretion, sell such Pledged Securities or part thereof by private sale in such manner and under such circumstances as the Collateral Agent may deem reasonably necessary or advisable in order that such sale may legally be effected without such registration. Without limiting the generality of the foregoing, in any such event the Collateral Agent, in its commercially reasonable discretion (i) may proceed to make such private sale notwithstanding that a registration statement for the purpose of registering such Pledged Securities or part thereof shall have been filed under such Securities Act, (ii) may approach and negotiate with a single possible purchaser to effect such sale, and (iii) may restrict such sale to a purchaser who will represent and agree that such purchaser is purchasing for its own account, for investment, and not with a view to the distribution or sale of such Pledged Securities by or part thereof. In the event of any such sale, the Collateral Agent shall incur no responsibility or liability for selling all or any other Secured Party expressly for use therein. Each Pledgor further agrees, upon such written request referred to above, to use its best efforts to qualify, file or register, or cause the issuer of such Pledged Securities to qualify, file or register, any part of the Pledged Securities at a price which the Collateral Agent, in its commercially reasonable discretion, in good xxxxx xxxxx reasonable under the Blue Sky or other securities laws of such states circumstances, notwithstanding the possibility that a substantially higher price might be realized if the sale were deferred until after registration as may be requested by the Collateral Agent and keep effective, or cause to be kept effective, all such qualifications, filings or registrations. Each Pledgor will bear all costs and expenses of carrying out its obligations under this Section 12. Each Pledgor acknowledges that there is no adequate remedy at law for failure by it to comply with the provisions of this Section 12 and that such failure would not be adequately compensable in damages, and therefore agrees that its agreements contained in this Section 12 may be specifically enforcedaforesaid.
Appears in 4 contracts
Samples: Pledge Agreement (Coinmach Laundry Corp), Pledge Agreement (Coinmach Corp), Pledge Agreement (Coinmach Laundry Corp)
Registration, etc. Each Pledgor Grantor agrees that, upon the occurrence and during the continuance of an Event of Default hereundera Default, if for any reason the Collateral Agent desires to sell any of the Pledged Securities Investment Property owned or held by or on behalf of the Borrower such Grantor at a public sale, it will, at any time and from time to time, upon the written request of the Collateral Agent, acting at the direction of the Applicable Representative, in the case of an Acceleration Default, and Majority Creditors, in the case of an Actionable Default, use its best efforts to take or to cause cause, where applicable, the issuer of such Pledged Securities Investment Property to take such action and prepare, distribute and/or file such documents, as are required or advisable in the reasonable opinion of counsel for the Collateral Agent to permit the public sale of such Pledged SecuritiesInvestment Property. Each Pledgor Grantor further agrees to indemnify, defend and hold harmless the Collateral Agent, each other Secured Party, any underwriter and their respective officers, directors, affiliates and controlling persons Persons from and against all loss, liability, expenses, costs of counsel (including, without limitation, including reasonable fees and expenses to the Collateral Agent of legal counsel), and claims (including the costs of investigation) that they may incur incur, insofar as such loss, liability, expense or claim claim, as applicable, relates to such Grantor or any of its property, and arises out of or is based upon any alleged untrue statement of a material fact contained in any prospectus (or any amendment or supplement thereto) or in any notification or offering circular, or arises out of or is based upon any alleged omission to state a material fact required to be stated therein or necessary to make the statements in any thereof not misleading, except insofar as the same may have been caused by any untrue statement or omission based upon information furnished in writing to such Pledgor Grantor or the issuer of such Pledged Securities Investment Property, as applicable, by the Collateral Agent or any other Secured Party expressly for use therein. Each Pledgor Grantor further agrees, upon such written request referred to above, to use its best efforts to qualify, file or register, or cause cause, where applicable, the issuer of such Pledged Securities Investment Property to qualify, file or register, any of the Pledged Securities Investment Property owned or held by or on behalf of such Grantor under the Blue Sky or other securities laws of such states as may be requested by are necessary or appropriate under the Collateral Agent circumstances and keep effective, or cause to be kept effective, all such qualifications, filings or registrations. Each Pledgor Grantor will bear all costs and expenses of carrying out its obligations under this Section 12Section. Each Pledgor Grantor acknowledges that there is no adequate remedy at law for failure by it to comply with the provisions of this Section 12 and that such failure would not be adequately compensable in damages, and therefore agrees that its agreements contained in this Section 12 may be specifically enforced.
Appears in 4 contracts
Samples: Indenture (Arch Wireless Inc), Indenture (Arch Wireless Inc), Indenture (Arch Wireless Inc)
Registration, etc. Each Pledgor agrees that, upon the occurrence and during the continuance of an Event of Default hereunderDefault, if if, in accordance with, and to the extent consistent with, the terms of the Intercreditor Agreement, for any reason the Collateral Agent desires to sell any of the Pledged Securities of the Borrower at a public sale, it will, at any time and from time to time, upon the written request of the Collateral Agent, use its best efforts to take or to cause the issuer of such Pledged Securities to take such action and prepare, distribute and/or file such documents, as are required or advisable in the reasonable opinion of counsel for the Collateral Agent to permit the public sale of such Pledged Securities. Each Pledgor further agrees to indemnify, defend and hold harmless the Collateral Agent, each other Secured Party, any underwriter and their respective officers, directors, affiliates and controlling persons from and against all loss, liability, expenses, costs of counsel (including, without limitation, reasonable fees and expenses to the Collateral Agent of legal counsel), and claims (including the costs of investigation) that they may incur insofar as such loss, liability, expense or claim arises out of or is based upon any alleged untrue statement of a material fact contained in any prospectus (or any amendment or supplement thereto) or in any notification or offering circular, or arises out of or is based upon any alleged omission to state a material fact required to be stated therein or necessary to make the statements in any thereof not misleading, except insofar as the same may have been caused by any untrue statement or omission based upon information furnished in writing to such Pledgor or the issuer of such Pledged Securities by the Collateral Agent or any other Secured Party expressly for use therein. Each Pledgor further agrees, upon such written request referred to above, to use its best efforts to qualify, file or register, or cause the issuer of such Pledged Securities to qualify, file or register, any of the Pledged Securities under the Blue Sky or other securities laws of such states as may be requested by the Collateral Agent and keep effective, or cause to be kept effective, all such qualifications, filings or registrations. Each Pledgor The Pledgors will bear all costs and expenses of carrying out its their obligations under this Section 12. Each Pledgor acknowledges that there is no adequate remedy at law for failure by it to comply with the provisions of this Section 12 and that such failure would not be adequately compensable in damages, and therefore agrees that its agreements contained in this Section 12 may be specifically enforced.
Appears in 4 contracts
Samples: Domestic Pledge Agreement (Pliant Corp), Pledge Agreement (Pliant Corp), Pledge Agreement (Pliant Corp)
Registration, etc. Each Pledgor agrees that, upon the occurrence and during the continuance of an Event of Default hereunder, if for any reason the Collateral Agent desires to sell any of the Pledged Securities of the Borrower such Pledgor at a public sale, it will, at any time and from time to time, upon the written request of the Collateral Agent, use its best efforts to take or to cause the issuer of such Pledged Securities to take such action and prepare, distribute and/or file such documents, as are required or advisable in the reasonable opinion of counsel for the Collateral Agent to permit the public sale of such Pledged Securities. Each Pledgor further agrees to indemnify, defend and hold harmless the Collateral Agent, each other Secured Party, any underwriter and their respective officers, directors, affiliates and controlling persons Persons from and against all loss, liability, expenses, costs of counsel (including, without limitation, reasonable fees and expenses to the Collateral Agent of legal counsel), and claims (including the costs of investigation) that they may incur insofar as such loss, liability, expense or claim arises out of or is based upon any alleged untrue statement of a material fact contained in any prospectus (or any amendment or supplement thereto) or in any notification or offering circular, or arises out of or is based upon any alleged omission to state a material fact required to be stated therein or necessary to make the statements in any thereof not misleading, except insofar as the same may have been caused by any untrue statement or omission based upon information furnished in writing to such Pledgor or the issuer of such Pledged Securities by the Collateral Agent or any other Secured Party expressly for use therein. Each Such Pledgor further agrees, upon such written request referred to above, to use its best efforts to qualify, file or register, or cause the issuer of such Pledged Securities to qualify, file or register, any of the Pledged Securities under the Blue Sky or other securities laws of such states as may be requested by the Collateral Agent and keep effective, or cause to be kept effective, all such qualifications, filings or registrations. Each Such Pledgor will bear all costs and expenses of carrying out its obligations under this Section 1211. Each Such Pledgor acknowledges that there is no adequate remedy at law for failure by it to comply with the provisions of this Section 12 11 and that such failure would not be adequately compensable in damages, and therefore agrees that its agreements contained in this Section 12 11 may be specifically enforced.
Appears in 3 contracts
Samples: Credit Agreement (Crown Holdings Inc), Shared Pledge Agreement (Crown Holdings Inc), Pledge Agreement (Crown Holdings Inc)
Registration, etc. Each Pledgor agrees that, upon the occurrence and during the continuance of an Event of Default hereunder, if for any reason the Collateral Administrative Agent desires to sell any of the Pledged Securities of the Borrower at a public sale, it will, at any time and from time to time, upon the written request of the Collateral Administrative Agent, use its best efforts to take or to cause the issuer of such Pledged Securities to take such action and prepare, distribute and/or file such documents, as are required or advisable in the reasonable opinion of counsel for the Collateral Administrative Agent to permit the public sale of such Pledged Securities. Each Pledgor further agrees to indemnify, defend and hold harmless the Collateral Administrative Agent, each other Secured Party, any underwriter and their respective officers, directors, affiliates and controlling persons Persons from and against all loss, liability, expenses, costs of counsel (including, without limitation, reasonable fees and expenses to the Collateral Administrative Agent of legal counsel), and claims (including the costs of investigation) that they may incur insofar as such loss, liability, expense or claim arises out of or is based upon any alleged untrue statement of a material fact contained in any prospectus (or any amendment or supplement thereto) or in any notification or offering circular, or arises out of or is based upon any alleged omission to state a material fact required to be stated therein or necessary to make the statements in any thereof not misleading, except insofar as the same may have been caused by any untrue statement or omission based upon information furnished in writing to such Pledgor or the issuer of such Pledged Securities by the Collateral Administrative Agent or any other Secured Party expressly for use therein. Each Pledgor further agrees, upon such written request referred to above, to use its best efforts to qualify, file or register, or cause the issuer of such Pledged Securities to qualify, file or register, any of the Pledged Securities under the Blue Sky blue sky or other securities laws of such states as may be requested by the Collateral Administrative Agent and keep effective, or cause to be kept effective, all such qualifications, filings or registrations. Each Pledgor will bear all costs and expenses of carrying out its obligations under this Section 12. Each Pledgor acknowledges that there is no adequate remedy at law for failure by it to comply with the provisions of this Section 12 and that such failure would not be adequately compensable in damages, and therefore agrees that its agreements contained in this Section 12 may be specifically enforced.
Appears in 3 contracts
Samples: Pledge Agreement (Jupitermedia Corp), Pledge Agreement (Jupitermedia Corp), Pledge Agreement (Jupitermedia Corp)
Registration, etc. Each Pledgor agrees that, upon the occurrence and during the continuance of an Event of Default hereunder, if for any reason the Collateral Agent desires shall determine to sell any of the Pledged Securities Stock of the Borrower respective Pledgor at a public sale, it will, at any time and from time to time, upon the written request of the Collateral Agent, use its reasonable best efforts to take or to cause the issuer of such Pledged Securities Stock to take (a) execute and deliver, and use its best efforts to cause the directors and officers of such action issuer to execute and preparedeliver, distribute and/or file all such instruments and documents, and do or cause to be done all such other acts as are required or advisable may be, in the reasonable opinion of counsel for the Collateral Agent to permit the public sale of such Pledged Securities. Each Pledgor further agrees to indemnify, defend and hold harmless the Collateral Agent, each other Secured Party, any underwriter and their respective officers, directors, affiliates and controlling persons from and against all loss, liability, expenses, costs of counsel (including, without limitation, reasonable fees and expenses necessary or advisable to the Collateral Agent of legal counsel), and claims (including the costs of investigation) that they may incur insofar as register such loss, liability, expense or claim arises out of or is based upon any alleged untrue statement of a material fact contained in any prospectus (or any amendment or supplement thereto) or in any notification or offering circularPledged Stock, or arises out of or is based upon any alleged omission to state a material fact required that portion thereof to be stated therein or necessary sold, under the provisions of the Federal Securities Laws, (b) use its best efforts to make cause the statements in any thereof registration statement relating thereto to become effective and to remain effective for a period of not misleading, except insofar as more than one year from the same may have been caused by any untrue statement or omission based upon information furnished in writing to such Pledgor or date of the issuer first public offering of such Pledged Securities by Stock, or that portion thereof to be sold and (c) make all amendments thereto and/or to the related prospectus which, in the reasonable opinion of the Collateral Agent Agent, are necessary or any other Secured Party expressly for use thereinadvisable, all in conformity with the requirements of the Federal Securities Laws and the rules and regulations of the Securities and Exchange Commission applicable thereto. Each The respective Pledgor further agrees, upon such written request referred to above, to use its reasonable best efforts to qualify, file or register, or cause the issuer of such Pledged Securities Stock to qualify, file or register, any of the Pledged Securities Stock under the Blue Sky or other securities laws of such states of the United States as may be reasonably requested by the Collateral Agent and keep effective, or cause to be kept effective, all such qualifications, filings or registrations. Each Pledgor will bear all costs and expenses of carrying out its obligations under this Section 1211. Each Pledgor acknowledges that there is no adequate remedy at law for failure by it to comply with the provisions of this Section 12 11 and that such failure would not be adequately compensable in damages, and therefore agrees that its agreements contained in this Section 12 11 may be specifically enforced.
Appears in 3 contracts
Samples: Credit Agreement (Jafra Cosmetics International Sa De Cv), Pledge Agreement (Dirsamex Sa De Cv), Pledge Agreement (Jafra Cosmetics International Sa De Cv)
Registration, etc. Each Pledgor agrees that, upon the occurrence and during the continuance of an Event of Default hereunder, if for any reason the Euro Collateral Agent desires to sell any of the Pledged Securities of the Borrower such Pledgor at a public sale, it will, at any time and from time to time, upon the written request of the Euro Collateral Agent, use its best efforts to take or to cause the issuer of such Pledged Securities to take such action and prepare, distribute and/or file such documents, as are required or advisable in the reasonable opinion of counsel for the Euro Collateral Agent to permit the public sale of such Pledged Securities. Each Pledgor further agrees to indemnify, defend and hold harmless the Euro Collateral Agent, each other Secured Party, any underwriter and their respective officers, directors, affiliates and controlling persons Persons from and against all loss, liability, expenses, costs of counsel (including, without limitation, reasonable fees and expenses to the Euro Collateral Agent of legal counsel), and claims (including the costs of investigation) that they may incur insofar as such loss, liability, expense or claim arises out of or is based upon any alleged untrue statement of a material fact contained in any prospectus (or any amendment or supplement thereto) or in any notification or offering circular, or arises out of or is based upon any alleged omission to state a material fact required to be stated therein or necessary to make the statements in any thereof not misleading, except insofar as the same may have been caused by any untrue statement or omission based upon information furnished in writing to such Pledgor or the issuer of such Pledged Securities by the Euro Collateral Agent or any other Secured Party expressly for use therein. Each Pledgor further agrees, upon such written request referred to above, to use its best efforts to qualify, file or register, or cause the issuer of such Pledged Securities to qualify, file or register, any of the Pledged Securities under the Blue Sky or other securities laws of such states as may be requested by the Euro Collateral Agent and keep effective, or cause to be kept effective, all such qualifications, filings or registrations. Each Pledgor will bear all costs and expenses of carrying out its obligations under this Section 1211. Each Pledgor acknowledges that there is no adequate remedy at law for failure by it to comply with the provisions of this Section 12 11 and that such failure would not be adequately compensable in damages, and therefore agrees that its agreements contained in this Section 12 11 may be specifically enforced.
Appears in 3 contracts
Samples: Credit Agreement (Crown Holdings Inc), Pledge Agreement (Crown Holdings Inc), Pledge Agreement (Crown Holdings Inc)
Registration, etc. Each Pledgor agrees that, upon the occurrence and during the continuance of an Event of Default hereunderDefault, if for any reason the Collateral Agent desires to sell any of the Pledged Securities of the Borrower Collateral at a public sale, it will, at any time and from time to time, upon the written request of the Collateral Agent, use its best commercially reasonable efforts to take or to cause the issuer of such Pledged Securities Collateral to take such action and prepare, distribute and/or file such documents, as are required or advisable in the reasonable opinion of counsel for the Collateral Agent to permit the public sale of such Pledged SecuritiesCollateral. Each Pledgor further agrees to indemnify, defend and hold harmless the Collateral Agent, the Administrative Agent, each other Secured Party, any underwriter and their respective officers, directors, affiliates and controlling persons from and against all loss, liability, expenses, costs of counsel (including, without limitation, including reasonable fees and expenses to the Collateral Agent of legal counsel), and claims (including the costs of investigation) that they may incur insofar as such loss, liability, expense or claim arises out of or is based upon any alleged untrue statement of a material fact contained in any prospectus (or any amendment or supplement thereto) or in any notification or offering circular, or arises out of or is based upon any alleged omission to state a material fact required to be stated therein or necessary to make the statements in any thereof not misleading, except insofar as the same may have been caused by any untrue statement or omission based upon information furnished in writing to such Pledgor or the issuer of such Pledged Securities Collateral by the Collateral Agent or any other Secured Party expressly for use therein. Each Pledgor further agrees, upon such written request referred to above, to use its best commercially reasonable efforts to qualify, file or register, or cause the issuer of such Pledged Securities Collateral to qualify, file or register, any of the Pledged Securities Collateral under the Blue Sky or other securities laws of such states as may be reasonably requested by the Collateral Agent and keep effective, or cause to be kept effective, all such qualifications, filings or registrations. Each Pledgor will bear all costs and expenses of carrying out its obligations under this Section 123.04. Each Pledgor acknowledges that there is no adequate remedy at law for failure by it to comply with the provisions of this Section 12 3.04 and that such failure would not be adequately compensable in damagesdamages and, and therefore therefore, agrees that its agreements contained in this Section 12 3.04 only may be specifically enforced.
Appears in 3 contracts
Samples: First Tier Subsidiary Pledge Agreement (TRW Automotive Holdings Corp), Pledge Agreement (TRW Automotive Inc), Pledge Agreement (TRW Automotive Inc)
Registration, etc. Each Pledgor and Guarantor agrees that, upon the occurrence and during the continuance of an Event of Default hereunderDefault, if for any reason the Collateral Agent desires to sell any of the Pledged Securities of the Borrower at a public sale, it will, at any time and from time to time, upon the written request of the Collateral Agent, use its reasonable best efforts to take or to cause the issuer of such Pledged Securities to take such action and prepare, distribute and/or file such documents, as are required or advisable in the reasonable opinion of counsel for the Collateral Agent to permit the public sale of such Pledged Securities. Each Pledgor and Guarantor further agrees to indemnify, defend and hold harmless the Collateral Agent, each other Secured Party, any underwriter and their respective officers, directors, affiliates and controlling persons Persons from and against all loss, liability, expenses, costs of counsel (including, without limitation, reasonable fees and expenses to the Collateral Agent of legal counsel), and claims (including the costs of investigation) that they may incur insofar as such loss, liability, expense or claim arises out of or is based upon any alleged untrue statement of a material fact contained in any prospectus (or any amendment or supplement thereto) or in any notification or offering circular, or arises out of or is based upon any alleged omission to state a material fact required to be stated therein or necessary to make the statements in any thereof not misleading, except insofar as the same may have been caused by any untrue statement or omission based upon information furnished in writing to such Pledgor and Guarantor or the issuer of such Pledged Securities by the Collateral Agent or any other Secured Party expressly for use therein. Each Pledgor and Guarantor further agrees, upon such written request referred to above, to use its reasonable best efforts to qualify, file or register, or cause the issuer of such Pledged Securities to qualify, file or register, any of the Pledged Securities under the Blue Sky or other securities laws of such states as may be requested by the Collateral Agent and keep effective, or cause to be kept effective, all such qualifications, filings or registrations. Each Pledgor and Guarantor will bear all costs and expenses of carrying out its obligations under this Section 1213. Each Pledgor and Guarantor acknowledges that there is no adequate remedy at law for failure by it to comply with the provisions of this Section 12 13 and that such failure would not be adequately compensable in damages, and therefore agrees that its agreements contained in this Section 12 13 may be specifically enforced.
Appears in 3 contracts
Samples: Indenture (Memc Electronic Materials Inc), Indenture (Memc Electronic Materials Inc), Pledge Agreement (Memc Electronic Materials Inc)
Registration, etc. Each Pledgor Parent agrees that, upon the occurrence and during the continuance of an Event of Default hereunderDefault, if for any reason the Collateral Agent desires to sell any of the Pledged Securities of the Borrower Collateral at a public sale, it will, at any time and from time to time, upon the written request of the Collateral Agent, use its best commercially reasonable efforts to take or to cause the issuer of such Pledged Securities Collateral to take such action and prepare, distribute and/or file such documents, as are required or advisable in the reasonable opinion of counsel for the Collateral Agent to permit the public sale of such Pledged SecuritiesCollateral. Each Pledgor Parent further agrees to indemnify, defend and hold harmless the Collateral Administrative Agent, each other Secured PartyCreditors, any underwriter and their respective officers, directors, affiliates and controlling persons from and against all loss, liability, expenses, costs of counsel (including, without limitation, including reasonable fees and expenses of legal counsel to the Collateral Agent of legal counselAgent), and claims (including the costs of investigation) that they may incur insofar as such loss, liability, expense or claim arises out of or is based upon any alleged untrue statement of a material fact contained in any prospectus (or any amendment or supplement thereto) or in any notification or offering circular, or arises out of or is based upon any alleged omission to state a material fact required to be stated therein or necessary to make the statements in any thereof not misleading, except insofar as the same may have been caused by any untrue statement or omission based upon information furnished in writing to such Pledgor Parent or the issuer of such Pledged Securities Collateral by the Collateral Agent or any other Secured Party Creditors expressly for use therein. Each Pledgor Parent further agrees, upon such written request referred to above, to use its best commercially reasonable efforts to qualify, file or register, or cause the issuer of such Pledged Securities Collateral to qualify, file or register, any of the Pledged Securities Collateral under the Blue Sky or other securities laws of such regions, nations, states or provinces as may be reasonably requested by the Collateral Agent and keep effective, or cause to be kept effective, all such qualifications, filings or registrations. Each Pledgor Parent will bear all costs and expenses of carrying out its obligations under this Section 124.04. Each Pledgor Parent acknowledges that there is no adequate remedy at law for failure by it to comply with the provisions of this Section 12 4.04 only and that such failure would not be adequately compensable in damagesdamages and, and therefore therefore, agrees that its agreements contained in this Section 12 4.04 may be specifically enforced.
Appears in 3 contracts
Samples: Parent Guarantee and u.s. Pledge Agreement (New Skies Satellites Holdings Ltd.), Parent Guarantee and Pledge Agreement (BCP Crystal Holdings Ltd. 2), Parent Guarantee and Pledge Agreement (Celanese CORP)
Registration, etc. Each Pledgor agrees that, upon the occurrence and during the continuance of (a) If an Event of Default hereundershall have occurred and be continuing and the Pledgor shall have received from the Pledgee a written request or requests that the Pledgor cause any registration, if for qualification or compliance under any reason the Collateral Agent desires Federal or state securities law or laws to sell be effected with respect to all or any part of the collateral consisting of equity securities issued by Parent or MDI (the "Pledged Securities of Securities"), the Borrower Pledgor as soon as practicable and at a public sale, it will, at any time and from time to time, upon the written request of the Collateral Agent, its expense will use its best reasonable efforts to take or cause such registration to be effected (and be kept effective) and will use its reasonable efforts to cause such qualification and compliance to be effected (and be kept effective) as may be so requested and as would permit or facilitate the issuer of such Pledged Securities to take such action sale and prepare, distribute and/or file such documents, as are required or advisable in the reasonable opinion of counsel for the Collateral Agent to permit the public sale distribution of such Pledged Securities. Each Pledgor further agrees to indemnify, defend and hold harmless the Collateral Agent, each other Secured Party, any underwriter and their respective officers, directors, affiliates and controlling persons from and against all loss, liability, expenses, costs of counsel (including, without limitation, reasonable fees registration under the Securities Act of 1933 as then in effect (or any similar statute then in effect), appropriate qualifications under applicable blue sky or other state securities laws and expenses appropriate compliance with any other government requirements, provided, that the Pledgee shall furnish to the Collateral Agent Pledgor such information regarding the Pledgee as the Pledgor may request in writing and as shall be required in connection with any such registration, qualification or compliance. The Pledgor will cause the Pledgee to be kept reasonably advised in writing as to the progress of legal counsel)each such registration, qualification or compliance and as to the completion thereof, will furnish to the Pledgee such number of prospectuses, offering circulars or other documents incident thereto as the Pledgee from time to time may reasonably request, and claims will indemnify the Pledgee, Parent and Subsidiary and all others participating in the distribution of such Pledged Securities against all claims, losses, damages and liabilities caused by any untrue statement (including the costs of investigation) that they may incur insofar as such loss, liability, expense or claim arises out of or is based upon any alleged untrue statement statement) of a material fact contained in any prospectus therein (or any amendment or supplement thereto) or in any related registration statement, notification or offering circular, the like) or arises out of by any omission (or is based upon any alleged omission omission) to state therein (or in any related registration statement, notification or the like) a material fact required to be stated therein or necessary to make the statements in any thereof therein not misleading, except insofar as the same may have been caused by any an untrue statement or omission based upon information furnished in writing to the Pledgor by the Pledgee expressly for use therein.
(b) If at any time when the Pledgee shall determine to exercise its right to sell all or any part of the Pledged Securities pursuant to Section 7, and such Pledgor Pledged Securities or the issuer part thereof to be sold shall not, for any reason whatsoever, be effectively registered under the Securities Act of 1933, as then in effect, the Pledgee may, in its sole and absolute discretion, sell such Pledged Securities or part thereof by private sale in such manner and under such circumstances as Pledgee may deem necessary or advisable in order that such sale may legally be effected without such registration, provided that at least 10 days' notice of the time and place of any such sale shall be given to the Pledgor. Without limiting the generality of the foregoing, in any such event the Pledgee, in its sole and absolute discretion (i) may proceed to make such private sale notwithstanding that a registration statement for the purpose of registering such Pledged Securities or part thereof shall have been filed under such Act, (ii) may approach and negotiate with a single possible purchaser to effect such sale, and (iii) may restrict such sale to a purchaser who will represent and agree that such purchaser is purchasing for its own account, for investment, and not with a view to the distribution or sale of such Pledged Securities by or part thereof. In the Collateral Agent event of any such sale, the Pledgee shall incur no responsibility or liability for selling all or any other Secured Party expressly for use therein. Each Pledgor further agrees, upon such written request referred to above, to use its best efforts to qualify, file or register, or cause the issuer of such Pledged Securities to qualify, file or register, any part of the Pledged Securities at a price which the Pledgee, in its sole and absolute discretion, may in good faith deem reasonable under the Blue Sky or other securities laws of such states circumstances, notwithstanding the xxxxxxxxxxy that a substantially higher price might be realized if the sale were deferred until after registration as may be requested by the Collateral Agent and keep effective, or cause to be kept effective, all such qualifications, filings or registrations. Each Pledgor will bear all costs and expenses of carrying out its obligations under this Section 12. Each Pledgor acknowledges that there is no adequate remedy at law for failure by it to comply with the provisions of this Section 12 and that such failure would not be adequately compensable in damages, and therefore agrees that its agreements contained in this Section 12 may be specifically enforcedaforesaid.
Appears in 3 contracts
Samples: Pledge and Security Agreement (Elxsi Corp /De//), Pledge and Security Agreement (Elxsi Corp /De//), Pledge and Security Agreement (Elxsi Corp /De//)
Registration, etc. Each Pledgor agrees that, upon the occurrence and during the continuance of an Event of Default hereunder, if for any reason the Collateral Agent desires to sell any of the Pledged Securities of the Borrower at a public sale, it will, at any time and from time to time, upon the written request of the Collateral Agent, use its best efforts to take or to cause the issuer of such Pledged Securities to take such action and prepare, distribute and/or file such documents, as are required or advisable in the reasonable opinion of counsel for the Collateral Agent to permit the public sale of such Pledged Securities. Each Pledgor further agrees to indemnify, defend and hold harmless the Collateral Agent, each other Secured Party, any underwriter and their respective officers, directors, affiliates and controlling persons Persons from and against all loss, liability, expenses, costs of counsel (including, without limitation, reasonable fees and expenses to the Collateral Agent of legal counsel), and claims (including the costs of investigation) that they may incur insofar as such loss, liability, expense or claim arises out of or is based upon any alleged untrue statement of a material fact contained in any prospectus (or any amendment or supplement thereto) or in any notification or offering circular, or arises out of or is based upon any alleged omission to state a material fact required to be stated therein or necessary to make the statements in any thereof not misleading, except insofar as the same may have been caused by any untrue statement or omission based upon information furnished in writing to such Pledgor or the issuer of such Pledged Securities by the Collateral Agent or any other Secured Party expressly for use therein. Each Pledgor further agrees, upon such written request referred to above, to use its best efforts to qualify, file or register, or cause the issuer of such Pledged Securities to qualify, file or register, any of the Pledged Securities under the Blue Sky or other securities laws of such states as may be requested by the Collateral Agent and keep effective, or cause to be kept effective, all such qualifications, filings or registrations. Each Pledgor will bear all costs and expenses of carrying out its obligations under this Section 12. Each Pledgor acknowledges that there is no adequate remedy at law for failure by it to comply with the provisions of this Section 12 and that such failure would not be adequately compensable in damages, and therefore agrees that its agreements contained in this Section 12 may be specifically enforced.
Appears in 3 contracts
Samples: Pledge Agreement (Constar Inc), Pledge Agreement (Constar International Inc), Pledge Agreement (Constar International Inc)
Registration, etc. Each Pledgor agrees that, upon the occurrence and during the continuance of an Event of Default hereunder, if if, in accordance with, and to the extent consistent with, the terms of the Intercreditor Agreement, for any reason the Collateral Agent desires to sell any of the Pledged Securities of the Borrower at a public sale, it will, at any time and from time to time, upon the written request of the Collateral Agent, use its best efforts to take or to cause the issuer of such Pledged Securities to take such action and prepare, distribute and/or file such documents, as are required or advisable in the reasonable opinion of counsel for the Collateral Agent to permit the public sale of such Pledged Securities. Each Pledgor further agrees to indemnify, defend and hold harmless the Collateral Agent, each other Secured Party, any underwriter and their respective officers, directors, affiliates and controlling persons from and against all loss, liability, expenses, costs of counsel (including, without limitation, reasonable fees and expenses to the Collateral Agent of legal counsel), and claims (including the costs of investigation) that they may incur insofar as such loss, liability, expense or claim arises out of or is based upon any alleged untrue statement of a material fact contained in any prospectus (or any amendment or supplement thereto) or in any notification or offering circular, or arises out of or is based upon any alleged omission to state a material fact required to be stated therein or necessary to make the statements in any thereof not misleading, except insofar as the same may have been caused by any untrue statement or omission based upon information furnished in writing to such Pledgor or the issuer of such Pledged Securities by the Collateral Agent or any other Secured Party expressly for use therein. Each Pledgor further agrees, upon such written request referred to above, to use its best efforts to qualify, file or register, or cause the issuer of such Pledged Securities to qualify, file or register, any of the Pledged Securities under the Blue Sky or other securities laws of such states as may be requested by the Collateral Agent and keep effective, or cause to be kept effective, all such qualifications, filings or registrations. Each Pledgor The Pledgors will bear all costs and expenses of carrying out its their obligations under this Section 12. Each Pledgor acknowledges that there is no adequate remedy at law for failure by it to comply with the provisions of this Section 12 and that such failure would not be adequately compensable in damages, and therefore agrees that its agreements contained in this Section 12 may be specifically enforced.
Appears in 3 contracts
Samples: Canadian Pledge Agreement (Pliant Corp), Pledge Agreement (Pliant Corp), Pledge Agreement (Pierson Industries Inc)
Registration, etc. Each Pledgor agrees that, upon the ------------------ occurrence and during the continuance of an Event of Default hereunder, if for any reason the Collateral Agent desires to sell any of the Pledged Securities of the Borrower at a public sale, it will, at any time and from time to time, upon the written request of the Collateral Agent, use its best efforts to take or to cause the issuer of such Pledged Securities to take such action and prepare, distribute and/or file such documents, as are required or advisable in the reasonable opinion of counsel for the Collateral Agent to permit the public sale of such Pledged Securities. Each Pledgor further agrees to indemnify, defend and hold harmless the Collateral Agent, each other Secured Party, any underwriter and their respective officers, directors, affiliates and controlling persons Persons from and against all loss, liability, expenses, costs of counsel (including, without limitation, reasonable fees and expenses to the Collateral Agent of legal counsel), and claims (including the costs of investigation) that they may incur insofar as such loss, liability, expense or claim arises out of or is based upon any alleged untrue statement of a material fact contained in any prospectus (or any amendment or supplement thereto) or in any notification or offering circular, or arises out of or is based upon any alleged omission to state a material fact required to be stated therein or necessary to make the statements in any thereof not misleading, except insofar as the same may have been caused by any untrue statement or omission based upon information furnished in writing to such Pledgor or the issuer of such Pledged Securities by the Collateral Agent or any other Secured Party expressly for use therein. Each Pledgor further agrees, upon such written request referred to above, to use its best efforts to qualify, file or register, or cause the issuer of such Pledged Securities to qualify, file or register, any of the Pledged Securities under the Blue Sky or other securities laws of such states as may be requested by the Collateral Agent and keep effective, or cause to be kept effective, all such qualifications, filings or registrations. Each Pledgor will bear all costs and expenses of carrying out its obligations under this Section 12. Each Pledgor acknowledges that there is no adequate remedy at law for failure by it to comply with the provisions of this Section 12 and that such failure would not be adequately compensable in damages, and therefore agrees that its agreements contained in this Section 12 may be specifically enforced.
Appears in 3 contracts
Samples: Credit Agreement (Western Auto Supply Co/), Pledge Agreement (Laralev Inc), Pledge Agreement (Advance Stores Co Inc)
Registration, etc. Each Pledgor agrees that, upon the occurrence and during the continuance of (a) If an Event of Default hereundershall have occurred and be continuing and any Pledgor shall have received from the Pledgee a written request or requests that such Pledgor cause any registration, if for qualification or compliance under any reason the Collateral Agent desires Federal or state securities law or laws to sell be effected with respect to all or any part of the Pledged Securities of the Borrower Stock, such Pledgor as soon as practicable and at a public sale, it will, at any time and from time to time, upon the written request of the Collateral Agent, its expense will use its best reasonable efforts to take or cause such registration to be effected (and be kept effective) and will use its reasonable efforts to cause such qualification and compliance to be effected (and be kept effective) as may be so requested and as would permit or facilitate the issuer sale and distribution of such Pledged Securities to take such action and prepareStock, distribute and/or file such documents, as are required or advisable in the reasonable opinion of counsel for the Collateral Agent to permit the public sale of such Pledged Securities. Each Pledgor further agrees to indemnify, defend and hold harmless the Collateral Agent, each other Secured Party, any underwriter and their respective officers, directors, affiliates and controlling persons from and against all loss, liability, expenses, costs of counsel (including, without limitation, reasonable fees registration under the Securities Act of 1933 as then in effect (or any similar statute then in effect), appropriate qualifications under applicable blue sky or other state securities laws and expenses appropriate compliance with any other government requirements; provided, that the Pledgee shall furnish to such Pledgor such information regarding the Pledgee as such Pledgor may request in writing and as shall be required in connection with any such registration, qualification or compliance. Such Pledgor will cause the Pledgee to be kept reasonably advised in writing as to the Collateral Agent progress of legal counsel)each such registration, qualification or compliance and as to the completion thereof, will furnish to the Pledgee such number of prospectuses, offering circulars or other documents incident thereto as the Pledgee from time to time may reasonably request, and claims will indemnify the Pledgee, each other Secured Creditor and all others participating in the distribution of the Pledged Stock against all claims, losses, damages and liabilities caused by any untrue statement (including the costs of investigation) that they may incur insofar as such loss, liability, expense or claim arises out of or is based upon any alleged untrue statement statement) of a material fact contained in any prospectus therein (or any amendment or supplement thereto) or in any related registration statement, notification or offering circular, the like) or arises out of by any omission (or is based upon any alleged omission omission) to state therein (or in any related registration statement, notification or the like) a material fact required to be stated therein or necessary to make the statements in any thereof therein not misleading, except insofar as the same may have been caused by any an untrue statement or omission based upon information furnished in writing to such Pledgor by the Pledgee or such other Secured Creditor expressly for use therein.
(b) If at any time when the Pledgee shall determine to exercise its right to sell all or any part of the Pledged Securities pursuant to Section 7 hereof, such Pledged Securities or the issuer part thereof to be sold shall not, for any reason whatsoever, be effectively registered under the Securities Act of 1933, as then in effect, the Pledgee may, in its sole and absolute discretion, sell such Pledged Securities or part thereof by private sale in such manner and under such circumstances as the Pledgee may deem necessary or advisable in order that such sale may legally be effected without such registration; provided, that at least 10 days' notice of the time and place of any such sale shall be given to such Pledgor. Without limiting the generality of the foregoing, in any such event the Pledgee, in its sole and absolute discretion: (i) may proceed to make such private sale notwithstanding that a registration statement for the purpose of registering such Pledged Securities or part thereof shall have been filed under such Securities Act; (ii) may approach and negotiate with a single possible purchaser to effect such sale; and (iii) may restrict such sale to a purchaser who will represent and agree that such purchaser is purchasing for its own account, for investment, and not with a view to the distribution or sale of such Pledged Securities by or part thereof. In the Collateral Agent event of any such sale, the Pledgee shall incur no responsibility or liability for selling all or any other Secured Party expressly for use therein. Each Pledgor further agrees, upon such written request referred to above, to use its best efforts to qualify, file or register, or cause the issuer of such Pledged Securities to qualify, file or register, any part of the Pledged Securities at a price which the Pledgee, in its sole and absolute discretion, may in good xxxxx xxxx reasonable under the Blue Sky or other securities laws of such states circumstances, notwithstanding the possibility that a substantially higher price might be realized if the sale were deferred until after registration as may be requested by the Collateral Agent and keep effective, or cause to be kept effective, all such qualifications, filings or registrations. Each Pledgor will bear all costs and expenses of carrying out its obligations under this Section 12. Each Pledgor acknowledges that there is no adequate remedy at law for failure by it to comply with the provisions of this Section 12 and that such failure would not be adequately compensable in damages, and therefore agrees that its agreements contained in this Section 12 may be specifically enforcedaforesaid.
Appears in 3 contracts
Samples: Pledge Agreement (Globe Manufacturing Corp), Pledge Agreement (Therma Wave Inc), Pledge Agreement (Therma Wave Inc)
Registration, etc. Each If the Agent reasonably determines that it is necessary to sell any of the Pledged Securities at a public sale, each Pledgor agrees that, upon the occurrence and during the continuance of an Event of Default hereunder, if for any reason the Collateral Agent desires to sell any of the Pledged Securities of the Borrower at a public sale, it such Pledgor will, at any time and from time to time, upon the written request of the Collateral Agent, use its best efforts to take or to cause the issuer Issuer of such Pledged Securities to take such action and prepare, distribute and/or file such documents, as are required or advisable in the reasonable opinion of counsel for the Collateral Agent to permit the public sale of such Pledged Securities. Each Without limiting any of its other indemnification obligations under the Loan Documents, each Pledgor further agrees to indemnify, defend and hold harmless the Collateral Agent, each other Secured Credit Party, any underwriter and their respective officers, directors, affiliates Affiliates and controlling persons Persons from and against all loss, liability, expenses, costs of counsel (including, without limitation, including the reasonable fees and expenses of legal counsel to the Collateral Agent of legal counselAgent), and claims (including the reasonable costs of investigation) that they any of them may incur insofar as such loss, liability, expense or claim arises out of of, or is based upon upon, any alleged untrue statement of a material fact contained in any prospectus (or any amendment or supplement thereto) or in any notification or offering circular, or arises out of or is based upon any alleged omission to state a material fact required to be stated therein or necessary to make the statements in any thereof not misleading, except insofar as the same may have been caused by any untrue statement or omission based upon information furnished in writing to such Pledgor or the issuer Issuer of such Pledged Securities by the Collateral Agent or any other Secured Credit Party expressly for use therein. Each Pledgor further agrees, upon such written request referred to above, to use its best efforts to qualify, file or register, or cause the issuer Issuer of such Pledged Securities to qualify, file or register, any of the Pledged Securities under the Securities Act, Blue Sky Laws or other securities laws of such states as may be requested by the Collateral Agent and keep effective, or cause to be kept effective, all such qualifications, filings or registrations. Each Pledgor The Pledgors will bear all costs and expenses of carrying out its their obligations under this Section 129. Each Pledgor acknowledges that there is no adequate remedy at law for failure by it them to comply with the provisions of this Section 12 9 and that such failure would not be adequately compensable in damages, and therefore agrees agree that its their agreements contained in this Section 12 9 may be specifically enforced.
Appears in 2 contracts
Samples: Pledge Agreement, Pledge Agreement (GameStop Corp.)
Registration, etc. Each Pledgor agrees that, upon the occurrence and during the continuance of (a) If an Event of Default hereunder, if for any reason shall have occurred and be continuing and the Collateral Agent desires to sell any of Pledgor shall have received from the Pledged Securities of the Borrower at Pledgee a public sale, it will, at any time and from time to time, upon the written request or requests that the Pledgor cause any registration, qualification or compliance under any federal or state securities law or laws to be effected with respect to all or any part of the Collateral Agentconsisting of Securities or Limited Liability Company Interests, the Pledgor as soon as practicable and at its expense will use its best commercially reasonable efforts to take or cause such registration to be effected (and be kept effective) and will use commercially reasonable efforts to cause such qualification and compliance to be effected (and be kept effective) as may be so requested and as would permit or facilitate the issuer sale and distribution of such Pledged Collateral consisting of Securities to take such action and prepareor Limited Liability Company Interests, distribute and/or file such documents, as are required or advisable in the reasonable opinion of counsel for the Collateral Agent to permit the public sale of such Pledged Securities. Each Pledgor further agrees to indemnify, defend and hold harmless the Collateral Agent, each other Secured Party, any underwriter and their respective officers, directors, affiliates and controlling persons from and against all loss, liability, expenses, costs of counsel (including, without limitation, reasonable fees registration under the Securities Act of 1933, as then in effect (or any similar statute then in effect), appropriate qualifications under applicable blue sky or other state securities laws and expenses appropriate compliance with any other governmental requirements; provided, that the Pledgee shall furnish to the Collateral Agent Pledgor such information regarding the Pledgee as the Pledgor may request in writing and as shall be required in connection with any such registration, qualification or compliance. The Pledgor will cause the Pledgee to be kept reasonably advised in writing as to the progress of legal counsel)each such registration, qualification or compliance and as to the completion thereof, will furnish to the Pledgee such number of prospectuses, offering circulars and other documents incident thereto as the Pledgee from time to time may reasonably request, and claims will indemnify, to the extent permitted by law, the Pledgee and all other Secured Creditors participating in the distribution of such Collateral consisting of Securities or Limited Liability Company Interests against all claims, losses, damages and liabilities caused by any untrue statement (including the costs of investigation) that they may incur insofar as such loss, liability, expense or claim arises out of or is based upon any alleged untrue statement statement) of a material fact contained in any prospectus therein (or any amendment or supplement thereto) or in any related registration statement, notification or offering circular, the like) or arises out of by any omission (or is based upon any alleged omission omission) to state therein (or in any related registration statement, notification or the like) a material fact required to be stated therein or necessary to make the statements in any thereof therein not misleading, except insofar as the same may have been caused by any an untrue statement or omission based upon information furnished in writing to such the Pledgor or the issuer of such Pledged Securities by the Collateral Agent Pledgee or any such other Secured Party Creditor expressly for use therein. Each Pledgor further agrees.
(b) If at any time when the Pledgee shall determine to exercise its right to sell all or any part of the Collateral consisting of Securities or Limited Liability Company Interests pursuant to Section 7 hereof, upon and such written request referred Collateral or the part thereof to abovebe sold shall not, to use for any reason whatsoever, be effectively registered under the Securities Act of 1933, as then in effect, the Pledgee may, in its best efforts to qualifysole and absolute discretion, file or registersell such Collateral, as the case may be, or cause part thereof by private sale in such manner and under such circumstances as the issuer Pledgee may deem necessary or advisable in order that such sale may legally be effected without such registration. Without limiting the generality of the foregoing, in any such event the Pledgee, in its sole and absolute discretion: (i) may proceed to make such private sale notwithstanding that a registration statement for the purpose of registering such Collateral or part thereof shall have been filed under such Securities Act; (ii) may approach and negotiate with a single possible purchaser to effect such sale; and (iii) may restrict such sale to a purchaser who will represent and agree that such purchaser is purchasing for its own account, for investment, and not with a view to the distribution or sale of such Pledged Securities to qualifyCollateral or part thereof. In the event of any such sale, file the Pledgee shall incur no responsibility or register, liability for selling all or any part of the Pledged Securities Collateral at a price which the Pledgee, in its sole and absolute discretion, may in good fxxxx xxxx reasonable under the Blue Sky or other securities laws of such states circumstances, notwithstanding the possibility that a substantially higher price might be realized if the sale were deferred until the registration as may be requested by the Collateral Agent and keep effective, or cause to be kept effective, all such qualifications, filings or registrations. Each Pledgor will bear all costs and expenses of carrying out its obligations under this Section 12. Each Pledgor acknowledges that there is no adequate remedy at law for failure by it to comply with the provisions of this Section 12 and that such failure would not be adequately compensable in damages, and therefore agrees that its agreements contained in this Section 12 may be specifically enforcedaforesaid.
Appears in 2 contracts
Samples: Hypothecation Agreement (Directv Group Inc), Hypothecation Agreement (Directv Holdings LLC)
Registration, etc. Each Pledgor Grantor agrees that, upon the occurrence and during the continuance of an Event of Default hereunderDefault, if for any reason the Collateral Agent desires to sell any of the Pledged Securities of the Borrower Collateral at a public sale, it will, at any time and from time to time, upon the written request of the Collateral Agent, use its best commercially reasonable efforts to take or to cause the issuer of such Pledged Securities Collateral to take such action and prepare, distribute and/or file such documents, documents as are required or advisable in the reasonable opinion of counsel for the Collateral Agent to permit the public sale of such Pledged SecuritiesCollateral. Each Pledgor Grantor further agrees to indemnify, defend and hold harmless the Collateral Administrative Agent, each other Secured Party, any underwriter and their respective officers, directors, affiliates and controlling persons Persons from and against all loss, liability, expenses, costs of counsel (including, without limitation, including reasonable fees and expenses to the Collateral Agent of legal counsel), and claims (including the costs of investigation) that they may incur insofar as such loss, liability, expense or claim arises out of or is based upon any alleged untrue statement of a material fact contained in any prospectus prospectus, notification or offering circular (or any amendment or supplement thereto) or in any notification or offering circular), or arises out of or is based upon any alleged omission to state a material fact required to be stated therein or necessary to make the statements in any thereof not misleading, except insofar as the same may have been caused by any untrue statement or omission based upon information furnished in writing to such Pledgor Grantor or the issuer of such Pledged Securities Collateral by the Collateral Agent or any other Secured Party expressly for use therein. Each Pledgor Grantor further agrees, upon such written request referred to above, to use its best commercially reasonable efforts to qualify, file or register, or cause the issuer of such Pledged Securities Collateral to qualify, file or register, any of the Pledged Securities Collateral under the Blue Sky or other securities laws of such states as may be reasonably requested by the Collateral Agent and keep effective, or cause to be kept effective, all such qualifications, filings or registrations. Each Pledgor Grantor will bear all costs and expenses of carrying out its obligations under this Section 125.05. Each Pledgor Grantor acknowledges that there is no adequate remedy at law for failure by it to comply with the provisions of this Section 12 5.05 only and that such failure would not be adequately compensable in damagesdamages and, and therefore therefore, agrees that its agreements contained in this Section 12 5.05 may be specifically enforced.
Appears in 2 contracts
Samples: Credit Agreement (Crestwood Midstream Partners LP), Credit Agreement (Crestwood Midstream Partners LP)
Registration, etc. Each Pledgor agrees that, upon the occurrence and during the continuance of an Event of Default hereunderDefault, if for any reason the Collateral Agent desires to sell any of the Pledged Securities of the Borrower Collateral at a public sale, it will, at any time and from time to time, upon the written request of the Collateral Agent, use its best commercially reasonable efforts to take or to cause the issuer of such Pledged Securities Collateral to take such action and prepare, distribute and/or file such documents, as are required or advisable in the reasonable opinion of counsel for the Collateral Agent to permit the public sale of such Pledged SecuritiesCollateral. Each Pledgor further agrees to indemnify, defend and hold harmless the Collateral Agent, each other Secured Party, any underwriter and their respective officers, directors, affiliates and controlling persons from and against all loss, liability, expenses, costs of counsel (including, without limitation, including reasonable fees and expenses to the Collateral Agent of legal counsel), and claims (including the costs of investigation) that they may incur insofar as such loss, liability, expense or claim arises out of or is based upon any alleged untrue statement of a material fact contained in any prospectus (or any amendment or supplement thereto) or in any notification or offering circular, or arises out of or is based upon any alleged omission to state a material fact required to be stated therein or necessary to make the statements in any thereof not misleading, except insofar as the same may have been caused by any untrue statement or omission based upon information furnished in writing to such Pledgor or the issuer of such Pledged Securities Collateral by the Collateral Agent or any other Secured Party expressly for use therein. Each Pledgor further agrees, upon such written request referred to above, to use its best commercially reasonable efforts to qualify, file or register, or cause the issuer of such Pledged Securities Collateral to qualify, file or register, any of the Pledged Securities Collateral under the Blue Sky or other securities laws of such states as may be reasonably requested by the Collateral Agent and keep effective, or cause to be kept effective, all such qualifications, filings or registrations. Each Pledgor will bear all costs and expenses of carrying out its obligations under this Section 125.05. Each Pledgor acknowledges that there is no adequate remedy at law for failure by it to comply with the provisions of this Section 12 5.05 only and that such failure would not be adequately compensable in damagesdamages and, and therefore therefore, agrees that its agreements contained in this Section 12 5.05 may be specifically enforced.
Appears in 2 contracts
Samples: Guarantee and Collateral Agreement (Affinion Group, Inc.), Credit Agreement (Affinion Group, Inc.)
Registration, etc. Each Pledgor The Parent agrees that, upon the occurrence and during the continuance of an Event of Default hereunderDefault, if for any reason the Collateral Agent desires to sell any of the Pledged Securities of the Borrower Collateral at a public sale, it will, at any time and from time to time, upon the written request of the Collateral Agent, use its best commercially reasonable efforts to take or to cause the issuer of such Pledged Securities Collateral to take such action and prepare, distribute and/or file such documents, as are required or advisable in the reasonable opinion of counsel for the Collateral Agent to permit the public sale of such Pledged SecuritiesCollateral. Each Pledgor The Parent further agrees to indemnify, defend and hold harmless the Administrative Agent, the Collateral Agent, each other Secured Party, any underwriter and their respective officers, directors, affiliates and controlling persons from and against all loss, liability, expenses, costs of counsel (including, without limitation, reasonable fees and expenses to the Collateral Agent of legal counsel), and claims (including the costs of investigation) that they may incur insofar as such loss, liability, expense or claim arises out of or is based upon any alleged untrue statement of a material fact contained in any prospectus (or any amendment or supplement thereto) or in any notification or offering circular, or arises out of or is based upon any alleged omission to state a material fact required to be stated therein or necessary to make the statements in any thereof not misleading, except insofar as the same may have been caused by any untrue statement or omission based upon information furnished in writing to such Pledgor the Parent or the issuer of such Pledged Securities Collateral by the Collateral Agent or any other Secured Party expressly for use therein. Each Pledgor The Parent further agrees, upon such written request referred to above, to use its best commercially reasonable efforts to qualify, file or register, or cause the issuer of such Pledged Securities Collateral to qualify, file or register, any of the Pledged Securities Collateral under the Blue Sky or other securities laws of such states as may be maybe requested by the Collateral Agent and keep effective, or cause to be kept effective, all such qualifications, filings or registrations. Each Pledgor The Parent will bear all costs and expenses of carrying out its obligations under this Section 123.04. Each Pledgor The Parent acknowledges that there is no adequate remedy at law for failure by it to comply with the provisions of this Section 12 3.04 and that such failure would not be adequately compensable in damages, and therefore agrees that its agreements contained in this Section 12 3.04 may be specifically enforced.
Appears in 2 contracts
Samples: Pledge Agreement (Dex Media East LLC), Pledge Agreement (R H Donnelley Corp)
Registration, etc. Each Pledgor agrees that, upon the occurrence and during the continuance of (a) If an Event of Default hereundershall have occurred and be continuing and any Pledgor shall have received from the Pledgee a written request or requests that such Pledgor cause any registration, if for qualification or compliance under any reason the Collateral Agent desires Federal or state securities law or laws to sell be effected with respect to all or any part of the Pledged Securities of the Borrower Stock, such Pledgor as soon as practicable and at a public sale, it will, at any time and from time to time, upon the written request of the Collateral Agent, its expense will use its best efforts to take or cause such registration to be effected (and be kept effective) and will use its best efforts to cause such qualification and compliance to be effected (and be kept effective) as may be so requested and as would permit or facilitate the issuer sale and distribution of such Pledged Securities to take such action and prepareStock, distribute and/or file such documents, as are required or advisable in the reasonable opinion of counsel for the Collateral Agent to permit the public sale of such Pledged Securities. Each Pledgor further agrees to indemnify, defend and hold harmless the Collateral Agent, each other Secured Party, any underwriter and their respective officers, directors, affiliates and controlling persons from and against all loss, liability, expenses, costs of counsel (including, without limitation, reasonable fees registration under the Securities Act of 1933, as then in effect (or any similar statute then in effect), appropriate qualifications under applicable blue sky or other state securities laws and expenses appropriate compliance with any other governmental requirements, provided that the Pledgee shall furnish to such Pledgor such information regarding the Pledgee as such Pledgor may request in writing and as shall be required in connection with any such registration, qualification or compliance. Each Pledgor will cause the Pledgee to be kept reasonably advised in writing as to the Collateral Agent progress of legal counsel)each such registration, qualification or compliance and as to the completion thereof, will furnish to the Pledgee such number of prospectuses, offering circulars and other documents incident thereto as the Pledgee from time to time may reasonably request, and claims will indemnify, to the extent permitted by law, the Pledgee, each other Secured Creditor and all others participating in the distribution of such Pledged Stock against all claims, losses, damages or liabilities caused by any untrue statement (including the costs of investigation) that they may incur insofar as such loss, liability, expense or claim arises out of or is based upon any alleged untrue statement statement) of a material fact contained in any prospectus therein (or any amendment or supplement thereto) or in any related registration statement, notification or offering circular, the like) or arises out of by any omission (or is based upon any alleged omission omission) to state therein (or in any related registration statement, notification or the like) a material fact required to be stated therein or necessary to make the statements in any thereof therein not misleading, except insofar as the same may have been caused by any an untrue statement or omission based upon information furnished in writing to such Pledgor by the Pledgee or such other Secured Creditor expressly for use therein.
(b) If at any time when the Pledgee shall determine to exercise its right to sell all or any part of the Pledged Securities pursuant to Section 7, and such Pledged Securities or the issuer part thereof to be sold shall not, for any reason whatsoever, be effectively registered under the Securities Act of 1933, as then in effect, the Pledgee may, in its sole and absolute discretion, sell such Pledged Securities or part thereof by private sale in such manner and under such circumstances as Pledgee may deem necessary or advisable in order that such sale may legally be effected without such registration. Without limiting the generality of the foregoing, in any such event the Pledgee, in its sole and absolute discretion, (i) may proceed to make such private sale notwithstanding that a registration statement for the purpose of registering such Pledged Securities or part thereof shall have been filed under such Securities Act, (ii) may approach and negotiate with a single possible purchaser to effect such sale and (iii) may restrict such sale to a purchaser who will represent and agree that such purchaser is purchasing for its own account, for investment, and not with a view to the distribution or sale of such Pledged Securities by or part thereof. In the Collateral Agent event of any such sale, the Pledgee shall incur no responsibility or liability for selling all or any other Secured Party expressly for use therein. Each Pledgor further agrees, upon such written request referred to above, to use its best efforts to qualify, file or register, or cause the issuer of such Pledged Securities to qualify, file or register, any part of the Pledged Securities at a price which the Pledgee, in its sole and absolute discretion, may in good xxxxx xxxx reasonable under the Blue Sky or other securities laws of such states circumstances, notwithstanding the possibility that a substantially higher price might be realized if the sale were deferred until the registration as may be requested by the Collateral Agent and keep effective, or cause to be kept effective, all such qualifications, filings or registrations. Each Pledgor will bear all costs and expenses of carrying out its obligations under this Section 12. Each Pledgor acknowledges that there is no adequate remedy at law for failure by it to comply with the provisions of this Section 12 and that such failure would not be adequately compensable in damages, and therefore agrees that its agreements contained in this Section 12 may be specifically enforcedaforesaid.
Appears in 2 contracts
Samples: Pledge Agreement (National Tobacco Co Lp), Pledge Agreement (National Tobacco Co Lp)
Registration, etc. Each Pledgor agrees that, upon the occurrence and during the continuance of an Event of Default hereunderDefault, if for any reason the Collateral Agent desires to sell any of the Pledged Securities of the Borrower Collateral at a public sale, subject to applicable Gaming Laws, it will, at any time and from time to time, upon the written request of the Collateral Agent, use its best commercially reasonable efforts to take or to cause the issuer of such Pledged Securities Collateral to take such action and prepare, distribute and/or file such documents, as are required or advisable in the reasonable opinion of counsel for the Collateral Agent to permit the public sale of such Pledged SecuritiesCollateral. Each Pledgor further agrees to indemnify, defend and hold harmless the Collateral Agent, each other Secured Party, any underwriter and their respective officers, directors, affiliates and controlling persons from and against all loss, liability, expenses, costs of counsel (including, without limitation, including reasonable fees and expenses to the Collateral Agent of legal counsel), and claims (including the costs of investigation) that they may incur insofar as such loss, liability, expense or claim arises out of or is based upon any alleged untrue statement of a material fact contained in any prospectus (or any amendment or supplement thereto) or in any notification or offering circular, or arises out of or is based upon any alleged omission to state a material fact required to be stated therein or necessary to make the statements in any thereof not misleading, except insofar as the same may have been caused by any untrue statement or omission based upon information furnished in writing to such Pledgor or the issuer of such Pledged Securities Collateral by the Collateral Agent or any other Secured Party expressly for use therein. Each Pledgor further agrees, upon such written request referred to above, to use its best commercially reasonable efforts to qualify, file or register, or cause the issuer of such Pledged Securities Collateral to qualify, file or register, any of the Pledged Securities Collateral under the Blue Sky or other securities laws of such states as may be reasonably requested by the Collateral Agent and keep effective, or cause to be kept effective, all such qualifications, filings or registrations. Each Pledgor will bear all costs and expenses of carrying out its obligations under this Section 125.05. Each Pledgor acknowledges that there is no adequate remedy at law for failure by it to comply with the provisions of this Section 12 5.05 only and that such failure would not be adequately compensable in damagesdamages and, and therefore therefore, agrees that its agreements contained in this Section 12 5.05 may be specifically enforced.
Appears in 2 contracts
Samples: Collateral Agreement (Caesars Acquisition Co), Collateral Agreement (CAESARS ENTERTAINMENT Corp)
Registration, etc. Each Pledgor agrees that, upon the occurrence and during the continuance of an Event of Default hereunder, if for any reason the Collateral Agent desires to sell any of the Pledged Securities of the Borrower at a public sale, it will, at any time and from time to time, upon the written request of the Collateral Agent, use its best efforts to take or to cause the issuer of such Pledged Securities to take such action and prepare, distribute and/or file such documents, as are required or advisable in the reasonable opinion of counsel for the Collateral Agent to permit the public sale of such Pledged Securities. Each Pledgor further agrees to indemnify, defend and hold harmless the Collateral Agent, each other Secured Party, any underwriter and their respective officers, directors, affiliates and controlling persons from and against all loss, liability, expenses, costs of counsel (including, without limitation, reasonable fees and expenses to the Collateral Agent of legal counsel), and claims (including the costs of investigation) that they may incur insofar as such loss, liability, expense or claim arises out of or is based upon any alleged untrue statement of a material fact contained in any prospectus (or any amendment or supplement thereto) or in any notification or offering circular, or arises out of or is based upon any alleged omission to state a material fact required to be stated therein or necessary to make the statements in any thereof not misleading, except insofar as the same may have been caused by any untrue statement or omission based upon information furnished in writing to such Pledgor or the issuer of such Pledged Securities by the Collateral Agent or any other Secured Party expressly for use therein. Each Pledgor further agrees, upon such written request referred to above, to use its best efforts to qualify, file or register, or cause the issuer of such Pledged Securities to qualify, file or register, any of the Pledged Securities under the Blue Sky or other securities laws of such states as may be requested by the Collateral Agent and keep effective, or cause to be kept effective, all such qualifications, filings or registrations. Each Pledgor will bear all costs and expenses of carrying out its obligations under this Section 12. Each Pledgor acknowledges that there is no adequate remedy at law for failure by it to comply with the provisions of this Section 12 and that such failure would not be adequately compensable in damages, and therefore agrees that its agreements contained in this Section 12 may be specifically enforced.
Appears in 2 contracts
Samples: Pledge Agreement (McDermott International Inc), Pledge Agreement (McDermott International Inc)
Registration, etc. Each The Pledgor agrees that, upon the occurrence and during the continuance of an Event of Default hereunder, if for any reason the Collateral Agent desires to sell any of the Pledged Securities of the Borrower at a public sale, it will, at any time and from time to time, upon the written request of the Collateral Agent, use its best efforts to take or to cause the issuer of such Pledged Securities to take such action and prepare, distribute and/or file such documents, as are required or advisable in the reasonable opinion of counsel for the Collateral Agent to permit the public sale of such Pledged Securities. Each The Pledgor further agrees to indemnify, defend and hold harmless the Collateral Agent, each other Secured Party, any underwriter and their respective officers, directors, affiliates and controlling persons from and against all loss, liability, expenses, costs of counsel (including, without limitation, reasonable fees and expenses to the Collateral Agent of legal counsel), and claims (including the costs of investigation) that they may incur insofar as such loss, liability, expense or claim arises out of or is based upon any alleged untrue statement of a material fact contained in any prospectus (or any amendment or supplement thereto) or in any notification or offering circular, or arises out of or is based upon any alleged omission to state a material fact required to be stated therein or necessary to make the statements in any thereof not misleading, except insofar as the same may have been caused by any untrue statement or omission based upon information furnished in writing to such the Pledgor or the issuer of such Pledged Securities by the Collateral Agent or any other Secured Party expressly for use therein. Each The Pledgor further agrees, upon such written request referred to above, to use its best efforts to qualify, file or register, or cause the issuer of such Pledged Securities to qualify, file or register, any of the Pledged Securities under the Blue Sky or other securities laws of such states as may be requested by the Collateral Agent and keep effective, or cause to be kept effective, all such qualifications, filings or registrations. Each The Pledgor will bear all costs and expenses of carrying out its obligations under this Section 12. Each The Pledgor acknowledges that there is no adequate remedy at law for failure by it the Pledgor to comply with the provisions of this Section 12 and that such failure would not be adequately compensable in damages, and therefore agrees that its his agreements contained in this his Section 12 may be specifically enforced.
Appears in 2 contracts
Samples: Credit Agreement (Tel Save Holdings Inc), Pledge Agreement (Tel Save Holdings Inc)
Registration, etc. Each Pledgor agrees that, upon the occurrence and during the continuance of (a) If an Event of Default hereunder, if for shall have occurred and be continuing and any reason Pledgor shall have received from the Collateral Agent desires to sell any of the Pledged Securities of the Borrower at Pledgee a public sale, it will, at any time and from time to time, upon the written request or requests that such Pledgor cause any registration, qualification or compliance under any Federal or state securities law or laws to be effected with respect to all or any part of the Collateral Agentconsisting of Securities, Limited Liability Company Interests or Partnership Interests, such Pledgor as soon as practicable and at its expense will use its best efforts to take or cause such registration to be effected (and be kept effective) and will use its best efforts to cause such qualification and compliance to be effected (and be kept effective) as may be so requested and as would permit or facilitate the issuer sale and distribution of such Pledged Securities to take such action and prepareCollateral consisting of Securities, distribute and/or file such documentsLimited Liability Company Interests or Partnership Interests, as are required or advisable in the reasonable opinion of counsel for the Collateral Agent to permit the public sale of such Pledged Securities. Each Pledgor further agrees to indemnify, defend and hold harmless the Collateral Agent, each other Secured Party, any underwriter and their respective officers, directors, affiliates and controlling persons from and against all loss, liability, expenses, costs of counsel (including, without limitation, reasonable fees registration under the Securities Act of 1933, as then in effect (or any similar statute then in effect), appropriate qualifications under applicable blue sky or other state securities laws and expenses appropriate compliance with any other governmental requirements; provided, that the Pledgee shall furnish to such Pledgor such information regarding the Pledgee as such Pledgor may request in writing and as shall be required in connection with any such registration, qualification or compliance. Each Pledgor will cause the Pledgee to be kept reasonably advised in writing as to the Collateral Agent progress of legal counsel)each such registration, qualification or compliance and as to the completion thereof, will furnish to the Pledgee such number of prospectuses, offering circulars and other documents incident thereto as the Pledgee from time to time may reasonably request, and claims will indemnify, to the extent permitted by law, the Pledgee and all other Secured Creditors participating in the distribution of such Collateral consisting of Securities, Limited Liability Company Interests or Partnership Interests against all claims, losses, damages and liabilities caused by any untrue statement (including the costs of investigation) that they may incur insofar as such loss, liability, expense or claim arises out of or is based upon any alleged untrue statement statement) of a material fact contained in any prospectus therein (or any amendment or supplement thereto) or in any related registration statement, notification or offering circular, the like) or arises out of by any omission (or is based upon any alleged omission omission) to state therein (or in any related registration statement, notification or the like) a material fact required to be stated therein or necessary to make the statements in any thereof therein not misleading, except insofar as the same may have been caused by any an untrue statement or omission based upon information furnished in writing to such Pledgor or the issuer of such Pledged Securities by the Collateral Agent or any other Secured Party Pledgee expressly for use therein.
(b) If at any time when the Pledgee shall determine to exercise its right to sell all or any part of the Collateral consisting of Securities, Limited Liability Company Interests or Partnership Interests pursuant to Section 7, and such Collateral or the part thereof to be sold shall not, for any reason whatsoever, be effectively registered under the Securities Act of 1933, as then in effect, the Pledgee may, in its sole and absolute discretion, sell such Collateral or part thereof by private sale in such manner and under such circumstances as the Pledgee may deem necessary or advisable in order that such sale may legally be effected without such registration. Each Pledgor further agreesWithout limiting the generality of the foregoing, upon in any such written request referred event the Pledgee, in its sole and absolute discretion: (i) may proceed to abovemake such private sale notwithstanding that a registration statement for the purpose of registering such Collateral or part thereof shall have been filed under such Securities Act; (ii) may approach and negotiate with a single possible purchaser to effect such sale; and (iii) may restrict such sale to a purchaser who will represent and agree that such purchaser is purchasing for its own account, for investment, and not with a view to use its best efforts to qualify, file the distribution or register, or cause the issuer sale of such Pledged Securities to qualifyCollateral or part thereof. In the event of any such sale, file the Pledgee shall incur no responsibility or register, liability for selling all or any part of the Pledged Securities Collateral at a price which the Pledgee, in its sole and absolute discretion, may in good xxxxx xxxx reasonable under the Blue Sky or other securities laws of such states circumstances, notwithstanding the possibility that a substantially higher price might be realized if the sale were deferred until the registration as may be requested by the Collateral Agent and keep effective, or cause to be kept effective, all such qualifications, filings or registrations. Each Pledgor will bear all costs and expenses of carrying out its obligations under this Section 12. Each Pledgor acknowledges that there is no adequate remedy at law for failure by it to comply with the provisions of this Section 12 and that such failure would not be adequately compensable in damages, and therefore agrees that its agreements contained in this Section 12 may be specifically enforcedaforesaid.
Appears in 2 contracts
Samples: u.s. Pledge Agreement (Williams Scotsman International Inc), u.s. Pledge Agreement (Williams Scotsman Inc)
Registration, etc. Each Pledgor Grantor agrees that, upon the occurrence and during the continuance of an Event of Default hereunderDefault, if for any reason the Collateral Agent Lender desires to sell any of the Pledged Securities of the Borrower at a public sale, it will, at any time and from time to time, upon the written request of the Collateral AgentLender, use its best efforts to take or to cause the issuer of such Pledged Securities to take such action and to prepare, distribute and/or file such documents, as are required or advisable in the reasonable opinion of counsel for the Collateral Agent Lender to permit the public sale of such Pledged Securities. Each Pledgor The Grantors further agrees to indemnify, defend and hold harmless the Collateral AgentLender, each other Secured Party, any member of the Lender Group and any underwriter and their respective officers, directors, affiliates and controlling persons (within the meaning of Section 20 of the Securities Exchange Act of 1934) from and against all loss, liability, expenses, costs costs, fees and disbursements of counsel (including, without limitation, a reasonable fees and expenses estimate of the cost to the Collateral Agent Lender of legal counsel), and claims (including the costs of investigation) that which they may incur insofar as such loss, liability, expense or claim arises out of or is based upon any alleged untrue statement of a material fact contained in any prospectus (or any amendment or supplement thereto) or in any notification or offering circular, or arises out of or is based upon any alleged omission to state a material fact required to be stated therein or necessary to make the statements in any thereof not misleading, except insofar as the same may have been caused by arises out of any untrue statement or omission based upon information furnished in writing to such Pledgor the Grantors or the issuer of such Pledged Securities by the Collateral Agent Lender, any member of the Lender Group or any other Secured Party the underwriter expressly for use therein. Each Pledgor The Lender (with respect to such information furnished by it) shall indemnify, defend and hold harmless each Grantor or the issuer of such Pledged Securities and their respective officers, directors, affiliates and controlling persons (within the meaning of Section 20 of the Securities Exchange Act of 1934) upon the same terms as are applicable to such Grantor pursuant hereto. The Grantors further agrees, upon such written request referred to above, agrees to use its best efforts to qualify, file or register, or cause the issuer of such Pledged Securities to qualify, file or register, any of the Pledged Securities under the Blue Sky or other securities laws of such states as may be requested by the Collateral Agent Lender and keep effective, or cause to be kept effective, all such qualifications, filings or registrations. Each Pledgor The Grantors will bear all costs and expenses of carrying out its obligations under this Section 1211. Each Pledgor Grantor acknowledges that there is no adequate remedy at law for failure by it to comply with the provisions of this Section 12 11 and that such failure would not be adequately compensable in damages, and therefore agrees that its agreements contained in this Section 12 11 may be specifically enforced. The Lender agrees to utilize only the services of underwriters and brokers unaffiliated with any member of the Lender Group, and no remuneration shall be paid to any member of the Lender Group, in effecting the public sale of the Pledged Securities.
Appears in 2 contracts
Samples: Pledge Agreement (BioScrip, Inc.), Pledge Agreement (BioScrip, Inc.)
Registration, etc. Each Pledgor agrees that, upon the occurrence and during the continuance of an Event of Default hereunderDefault, if for any reason the Collateral Agent desires to sell any of the Pledged Securities of the Borrower Collateral at a public sale, it will, at any time and from time to time, upon the written request of the Collateral Agent, use its best commercially reasonable efforts to take or to cause the issuer of such Pledged Securities Collateral to take such action and prepare, distribute and/or file such documents, as are required or advisable in the reasonable opinion of counsel for the Collateral Agent to permit the public sale of such Pledged SecuritiesCollateral. Each Pledgor further agrees to indemnify, defend and hold harmless the Collateral Agent, each other Secured Party, any underwriter and their respective officers, directors, affiliates and controlling persons from and against all loss, liability, expenses, costs of counsel (including, without limitation, including reasonable fees and expenses to the Collateral Agent of legal counsel), and claims (including the costs of investigation) that they may incur insofar as such loss, liability, expense or claim arises out of or is based upon any alleged untrue statement of a material fact contained in any prospectus (or any amendment or supplement thereto) or in any notification or offering circular, or arises out of or is based upon any alleged omission to state a material fact required to be stated therein or necessary to make the statements in any thereof not misleading, except insofar as the same may have been caused by any untrue statement or omission based upon information furnished in writing to such Pledgor or the issuer of such Pledged Securities Collateral by the Collateral Agent or any other Secured Party expressly for use therein. Each Pledgor further agrees, upon such written request referred to above, to use its best commercially reasonable efforts to qualify, file or register, or cause the issuer of such Pledged Securities Collateral to qualify, file or register, any of the Pledged Securities Collateral under the Blue Sky or other securities laws of such states as may be reasonably requested by the Collateral Agent and keep effective, or cause to be kept effective, all such qualifications, filings or registrations. Each Pledgor will bear all costs and expenses of carrying out its obligations under this Section 124.05. Each Pledgor acknowledges that there is no adequate remedy at law for failure by it to comply with the provisions of this Section 12 4.05 only and that such failure would not be adequately compensable in damagesdamages and, and therefore therefore, agrees that its agreements contained in this Section 12 4.05 may be specifically enforced.
Appears in 2 contracts
Samples: Collateral Agreement, Collateral Agreement (Momentive Specialty Chemicals Inc.)
Registration, etc. Each Pledgor Grantor agrees that, upon the occurrence and during the continuance of an Event of Default hereunderDefault, if for any reason the Collateral Administrative Agent desires to sell any of the Pledged Securities Collateral owned or held by or on behalf of the Borrower such Grantor at a public sale, it will, at any time and from time to time, upon the written request of the Collateral Administrative Agent, use its best efforts to take or to cause cause, where applicable, the issuer of such Pledged Securities Collateral to take such action and prepare, distribute and/or file such documents, as are required or advisable in the reasonable opinion of counsel for the Collateral Administrative Agent to permit the public sale of such Pledged SecuritiesCollateral. Each Pledgor Grantor further agrees to indemnify, defend and hold harmless the Collateral Administrative Agent, each other Secured Party, any underwriter and their respective officers, directors, affiliates and controlling persons Persons from and against all loss, liability, expenses, costs of counsel (including, without limitation, reasonable including fees and expenses to the Collateral Agent of legal counsel), and claims (including the costs of investigation) that they may incur incur, insofar as such loss, liability, expense or claim claim, as applicable, relates to such Grantor or any of its property, and arises out of or is based upon any alleged untrue statement of a material fact contained in any prospectus (or any amendment or supplement thereto) or in any notification or offering circular, or arises out of or is based upon any alleged omission to state a material fact required to be stated therein or necessary to make the statements in any thereof not misleading, except insofar as the same may have been caused by any untrue statement or omission based upon information furnished in writing to such Pledgor Grantor or the issuer of such Pledged Securities Collateral, as applicable, by the Collateral Administrative Agent or any other Secured Party expressly for use therein. Each Pledgor Grantor further agrees, upon such written request referred to above, to use its best efforts to qualify, file or register, or cause cause, where applicable, the issuer of such Pledged Securities Collateral to qualify, file or register, any of the Pledged Securities Collateral owned or held by or on behalf of such Grantor under the Blue Sky “blue sky” or other securities laws of such states as may be requested by the Collateral Administrative Agent and keep effective, or cause to be kept effective, all such qualifications, filings or registrations. Each Pledgor Grantor will bear all costs and expenses of carrying out its obligations under this Section 12Section. Each Pledgor Grantor acknowledges that there is no adequate remedy at law for failure by it to comply with the provisions of this Section 12 and that such failure would not be adequately compensable in damages, and therefore agrees that its agreements contained in this Section 12 may be specifically enforced.
Appears in 2 contracts
Samples: Pledge and Security Agreement, Pledge and Security Agreement (Harvard Bioscience Inc)
Registration, etc. Each Pledgor agrees that, upon the occurrence and during the continuance of an Event of Default hereunder, if for any reason the Collateral Agent desires to sell any of the Pledged Securities of the Borrower at a public sale, it will, at any time and from time to time, upon the written request of the Collateral Agent, use its best efforts to take or to cause the issuer of such Pledged Securities to take such action and prepare, distribute and/or file such documents, as are required or advisable in the reasonable opinion of counsel for the Collateral Agent to permit the public sale of such Pledged Securities. Each Pledgor further agrees to indemnify, defend and hold harmless the Collateral Agent, each other Secured Party, any underwriter and their respective officers, directors, affiliates and controlling persons from and against all loss, liability, expenses, costs of counsel (including, without limitation, including reasonable and documented fees and expenses to the Collateral Agent of legal counsel), and claims (including the reasonable and documented costs of investigation) that they may incur insofar as such loss, liability, expense or claim arises out of or is based upon any alleged untrue statement of a material fact contained in any prospectus (or any amendment or supplement thereto) or in any notification or offering circular, or arises out of or is based upon any alleged omission to state a material fact required to be stated therein or necessary to make the statements in any thereof not misleading, except insofar as the same may have been caused by any untrue statement or omission based upon information furnished in writing to such Pledgor or the issuer of such Pledged Securities by the Collateral Agent or any other Secured Party expressly for use therein. Each Pledgor further agrees, upon such written request referred to above, to use its best efforts to qualify, file or register, or cause the issuer of such Pledged Securities to qualify, file or register, any of the Pledged Securities under the Blue Sky or other securities laws of such states as may be requested by the Collateral Agent and keep effective, or cause to be kept effective, all such qualifications, filings or registrations. Each Pledgor will bear all costs and expenses of carrying out its obligations under this Section 12. Each Pledgor acknowledges that there is no adequate remedy at law for failure by it to comply with the provisions of this Section 12 and that such failure would not be adequately compensable in damages, and therefore agrees that its agreements contained in this Section 12 may be specifically enforced.
Appears in 2 contracts
Samples: Credit Agreement (Hechinger Co), Credit Agreement (Hechinger Co)
Registration, etc. Each Pledgor agrees that, upon the occurrence (a) If there shall have occurred and during the continuance of be continuing an Event of Default hereunderthen, if for and in every such case, upon receipt by the Pledgor from the Pledgee of a written request or requests that the Pledgor cause any reason the Collateral Agent desires registration, qualification or compliance under any Federal, state or other applicable securities law or laws to sell be effected with respect to all or any part of the Pledged Securities of Securities, the Borrower Pledgor as soon as practicable and at a public sale, it will, at any time its expense will cause such registration to be effected (and from time be kept effective) and will cause such qualification and compliance to time, upon be declared effected (and be kept effective) as may be so requested and as would permit or facilitate the written request of the Collateral Agent, use its best efforts to take or to cause the issuer of such Pledged Securities to take such action sale and prepare, distribute and/or file such documents, as are required or advisable in the reasonable opinion of counsel for the Collateral Agent to permit the public sale distribution of such Pledged Securities. Each Pledgor further agrees to indemnify, defend and hold harmless the Collateral Agent, each other Secured Party, any underwriter and their respective officers, directors, affiliates and controlling persons from and against all loss, liability, expenses, costs of counsel (including, without limitation, reasonable fees registration under the Securities Act of 1933, as then in effect (or any similar statute then in effect), appropriate qualifications under applicable blue sky, state or other applicable securities laws and expenses appropriate compliance with any other government requirements; provided that the Pledgee shall furnish to the Collateral Agent Pledgor such information regarding the Pledgee as the Pledgor may reasonably request in writing and as shall be required in connection with any such registration, qualification or compliance. The Pledgor will cause the Pledgee to be kept advised in writing as to the progress of legal counsel)each such registration, qualification or compliance and as to the completion thereof, will furnish to the Pledgee such number of prospectuses, offering circulars or other documents incident thereto as the Pledgee from time to time may reasonably request, and claims will indemnify the Pledgee, each other Secured Creditor and all others participating in the distribution of such Pledged Securities against all claims, losses, damages and liabilities caused by any untrue statement (including the costs of investigation) that they may incur insofar as such loss, liability, expense or claim arises out of or is based upon any alleged untrue statement statement) of a material fact contained in any prospectus therein (or any amendment or supplement thereto) or in any related registration statement, notification or offering circular, the like) or arises out of by any omission (or is based upon any alleged omission omission) to state therein (or in any related registration statement, notification or the like) a material fact required to be stated therein or necessary to make the statements in any thereof therein not misleading, except insofar as the same may have been caused by any an untrue statement or omission based upon information furnished in writing to the Pledgor by the Pledgee or such Pledgor other Secured Creditor expressly for use therein.
(b) possible purchaser to effect such sale, and (iii) may restrict such sale to a purchaser who will represent and agree that such purchaser is purchasing for its own account, for investment, and not with a view to the distribution or the issuer sale of such Pledged Securities by or part thereof. In the Collateral Agent event of any such sale, the Pledgee shall incur no responsibility or liability for selling all or any other Secured Party expressly for use therein. Each Pledgor further agrees, upon such written request referred to above, to use its best efforts to qualify, file or register, or cause the issuer of such Pledged Securities to qualify, file or register, any part of the Pledged Securities at a price which the Pledgee, in its sole and absolute discretion, in good faitx xxxxx xxxsonable under the Blue Sky or other securities laws of such states circumstances, notwithstanding the possibility that a substantially higher price might be realized if the sale were deferred until after registration as may be requested by the Collateral Agent and keep effective, or cause to be kept effective, all such qualifications, filings or registrations. Each Pledgor will bear all costs and expenses of carrying out its obligations under this Section 12. Each Pledgor acknowledges that there is no adequate remedy at law for failure by it to comply with the provisions of this Section 12 and that such failure would not be adequately compensable in damages, and therefore agrees that its agreements contained in this Section 12 may be specifically enforcedaforesaid.
Appears in 2 contracts
Samples: Credit Agreement (Sky Chefs Argentine Inc), Term Loan Agreement (Sky Chefs Argentine Inc)
Registration, etc. Each Pledgor agrees that, upon the occurrence If there shall have occurred and during the continuance of be continuing an Event of Default hereunderthen, if for any reason the Collateral Agent desires to sell any of the Pledged Securities of the Borrower at a public sale, it will, at any time and from time to timein every such case, upon receipt by any Pledgor from the Pledgee of a written request or requests that such Pledgor cause any registration, qualification or compliance under any Federal or state securities law or laws to be effected with respect to all or any part of the Collateral Agentconsisting of Securities, Limited Liability Company Interests or Partnership Interests, such Pledgor as soon as practicable and at its expense will use its best reasonable efforts to take or cause such registration to be effected (and be kept effective) and will use its reasonable efforts to cause such qualification and compliance to be declared effected (and be kept effective) as may be so requested and as would permit or facilitate the issuer sale and distribution of such Pledged Securities to take such action and prepareCollateral, distribute and/or file such documents, as are required or advisable in the reasonable opinion of counsel for the Collateral Agent to permit the public sale of such Pledged Securities. Each Pledgor further agrees to indemnify, defend and hold harmless the Collateral Agent, each other Secured Party, any underwriter and their respective officers, directors, affiliates and controlling persons from and against all loss, liability, expenses, costs of counsel (including, without limitation, reasonable fees registration under the Securities Act, as then in effect (or any similar statute then in effect), appropriate qualifications under applicable blue sky or other state securities laws and expenses appropriate compliance with any other government requirements, provided, that the Pledgee shall furnish to such Pledgor such information regarding the Pledgee as such Pledgor may reasonably request in writing and as shall be required in connection with any such registration, qualification or compliance. Such Pledgor will cause the Pledgee to be kept reasonably advised in writing as to the Collateral Agent progress of legal counsel)each such registration, qualification or compliance and as to the completion thereof, will furnish to the Pledgee such number of prospectuses, offering circulars or other documents incident thereto as the Pledgee from time to time may reasonably request, and claims will indemnify the Pledgee, each other Secured Creditor and all others participating in the distribution of such Collateral against all claims, losses, damages and liabilities caused by any untrue statement (including the costs of investigation) that they may incur insofar as such loss, liability, expense or claim arises out of or is based upon any alleged untrue statement statement) of a material fact contained in any prospectus therein (or any amendment or supplement thereto) or in any related registration statement, notification or offering circular, the like) or arises out of by any omission (or is based upon any alleged omission omission) to state therein (or in any related registration statement, notification or the like) a material fact required to be stated therein or necessary to make the statements in any thereof therein not misleading, except insofar as the same may have been caused by any an untrue statement or omission based upon information furnished in writing to such Pledgor or the issuer of such Pledged Securities by the Collateral Agent Pledgee or any such other Secured Party Creditor expressly for use therein. Each Pledgor further agrees, upon such written request referred to above, to use its best efforts to qualify, file or register, or cause the issuer of such Pledged Securities to qualify, file or register, any of the Pledged Securities under the Blue Sky or other securities laws of such states as may be requested by the Collateral Agent and keep effective, or cause to be kept effective, all such qualifications, filings or registrations. Each Pledgor will bear all costs and expenses of carrying out its obligations under this Section 12. Each Pledgor acknowledges that there is no adequate remedy at law for failure by it to comply with the provisions of this Section 12 and that such failure would not be adequately compensable in damages, and therefore agrees that its agreements contained in this Section 12 may be specifically enforced.
Appears in 2 contracts
Samples: Credit Agreement (Silgan Holdings Inc), Credit Agreement (Silgan Holdings Inc)
Registration, etc. Each Pledgor agrees that, upon the occurrence (a) If there shall have occurred and during the continuance of be continuing an Event of Default hereunderthen, if for any reason the Collateral Agent desires to sell any of the Pledged Securities of the Borrower at a public sale, it will, at any time and from time to timein every such case, upon receipt by any Pledgor from the Pledgee of a written request or requests that such Pledgor cause any registration, qualification or compliance under any Federal or state securities law or laws to be effected with respect to all or any part of the Collateral Agentconsisting of Securities, use Limited Liability Company Interests or Partnership Interests, such Pledgor as soon as practicable and at its best efforts expense will cause such registration to take be effected (and be kept effective) and will cause such qualification and compliance to be declared effected (and be kept effective) as may be so requested and as would permit or to cause facilitate the issuer sale and distribution of such Pledged Securities to take such action and prepareCollateral, distribute and/or file such documents, as are required or advisable in the reasonable opinion of counsel for the Collateral Agent to permit the public sale of such Pledged Securities. Each Pledgor further agrees to indemnify, defend and hold harmless the Collateral Agent, each other Secured Party, any underwriter and their respective officers, directors, affiliates and controlling persons from and against all loss, liability, expenses, costs of counsel (including, without limitation, reasonable fees registration under the Securities Act, as then in effect (or any similar statute then in effect), appropriate qualifications under applicable blue sky or other state securities laws and expenses appropriate compliance with any other government requirements, PROVIDED, that the Pledgee shall furnish to such Pledgor such information regarding the Pledgee as such Pledgor may reasonably request in writing and as shall be required in connection with any such registration, qualification or compliance. Such Pledgor will cause the Pledgee to be kept advised in writing as to the Collateral Agent progress of legal counsel)each such registration, qualification or compliance and as to the completion thereof, will furnish to the Pledgee such number of prospectuses, offering circulars or other documents incident thereto as the Pledgee from time to time may reasonably request, and claims will indemnify the Pledgee, each other Secured Creditor and all others participating in the distribution of such Collateral against all claims, losses, damages and liabilities caused by any untrue statement (including the costs of investigation) that they may incur insofar as such loss, liability, expense or claim arises out of or is based upon any alleged untrue statement statement) of a material fact contained in any prospectus therein (or any amendment or supplement thereto) or in any related registration statement, notification or offering circular, the like) or arises out of by any omission (or is based upon any alleged omission omission) to state therein (or in any related registration statement, notification or the like) a material fact required to be stated therein or necessary to make the statements in any thereof therein not misleading, except insofar as the same may have been caused by any an untrue statement or omission based upon information furnished in writing to such Pledgor or the issuer of such Pledged Securities by the Collateral Agent Pledgee or any such other Secured Party Creditor expressly for use therein. Each Pledgor further agrees.
(b) If at any time when the Pledgee shall determine to exercise its right to sell all or any part of the Collateral consisting of Securities, upon Limited Liability Company Interests or Partnership Interests pursuant to Section 7 hereof, and the Collateral or the part thereof to be sold shall not, for any reason whatsoever, be effectively registered under the Securities Act, as then in effect, the Pledgee may, in its sole and absolute discretion, sell such written request referred to aboveCollateral, to use its best efforts to qualify, file or registeras the case may be, or cause part thereof by private sale in such manner and under such circumstances as the issuer Pledgee may deem necessary or advisable in order that such sale may legally be effected without such registration. Without limiting the generality of the foregoing, in any such event the Pledgee, in its sole and absolute discretion (i) may proceed to make such private sale notwithstanding that a registration statement for the purpose of registering such Collateral or part thereof shall have been filed under such Securities Act, (ii) may approach and negotiate with a single possible purchaser to effect such sale, and (iii) may restrict such sale to a purchaser who will represent and agree that such purchaser is purchasing for its own account, for investment, and not with a view to the distribution or sale of such Pledged Securities to qualifyCollateral or part thereof. In the event of any such sale, file the Pledgee shall incur no responsibility or register, liability for selling all or any part of the Pledged Securities Collateral at a price which the Pledgee, in its sole and absolute discretion, in good xxxxx xxxxx reasonable under the Blue Sky or other securities laws of such states circumstances, notwithstanding the possibility that a substantially higher price might be realized if the sale were deferred until after registration as may be requested by the Collateral Agent and keep effective, or cause to be kept effective, all such qualifications, filings or registrations. Each Pledgor will bear all costs and expenses of carrying out its obligations under this Section 12. Each Pledgor acknowledges that there is no adequate remedy at law for failure by it to comply with the provisions of this Section 12 and that such failure would not be adequately compensable in damages, and therefore agrees that its agreements contained in this Section 12 may be specifically enforcedaforesaid.
Appears in 2 contracts
Samples: Credit Agreement (Symons Corp), Pledge Agreement (Tristar Aerospace Co)
Registration, etc. Each Pledgor agrees that, upon the occurrence and during the continuance of (a) If an Event of Default hereundershall have ------------------ occurred and be continuing and any Pledgor shall have received from the Pledgee a written request or requests that such Pledgor cause any registration, if for qualification or compliance under any reason the Collateral Agent desires Federal or state securities law or laws to sell be effected with respect to all or any part of the Pledged Securities of the Borrower Stock, such Pledgor as soon as practicable and at a public sale, it will, at any time and from time to time, upon the written request of the Collateral Agent, its expense will use its best efforts to take or cause such registration to be effected (and be kept effective) and will use its best efforts to cause such qualification and compliance to be effected (and be kept effective) as may be so requested and as would permit or facilitate the issuer sale and distribution of such Pledged Securities to take such action and prepareStock, distribute and/or file such documents, as are required or advisable in the reasonable opinion of counsel for the Collateral Agent to permit the public sale of such Pledged Securities. Each Pledgor further agrees to indemnify, defend and hold harmless the Collateral Agent, each other Secured Party, any underwriter and their respective officers, directors, affiliates and controlling persons from and against all loss, liability, expenses, costs of counsel (including, without limitation, reasonable fees registration under the Securities Act of 1933, as then in effect (or any similar statute then in effect), appropriate qualifications under applicable blue sky or other state securities laws and expenses appropriate compliance with any other governmental requirements, provided that the Pledgee shall furnish to such Pledgor such -------- information regarding the Pledgee as such Pledgor may request in writing and as shall be required in connection with any such registration, qualification or compliance. Each Pledgor will cause the Pledgee to be kept reasonably advised in writing as to the Collateral Agent progress of legal counsel)each such registration, qualification or compliance and as to the completion thereof, will furnish to the Pledgee such number of prospectuses, offering circulars and other documents incident thereto as the Pledgee from time to time may reasonably request, and claims will indemnify, to the extent permitted by law, the Pledgee, each other Secured Creditor and all others participating in the distribution of such Pledged Stock against all claims, losses, damages or liabilities caused by any untrue statement (including the costs of investigation) that they may incur insofar as such loss, liability, expense or claim arises out of or is based upon any alleged untrue statement statement) of a material fact contained in any prospectus therein (or any amendment or supplement thereto) or in any related registration statement, notification or offering circular, the like) or arises out of by any omission (or is based upon any alleged omission omission) to state therein (or in any related registration statement, notification or the like) a material fact required to be stated therein or necessary to make the statements in any thereof therein not misleading, except insofar as the same may have been caused by any an untrue statement or omission based upon information furnished in writing to such Pledgor by the Pledgee or such other Secured Creditor expressly for use therein.
(b) If at any time when the Pledgee shall determine to exercise its right to sell all or any part of the Pledged Securities pursuant to Section 7, and such Pledged Securities or the issuer part thereof to be sold shall not, for any reason whatsoever, be effectively registered under the Securities Act of 1933, as then in effect, the Pledgee may, in its sole and absolute discretion, sell such Pledged Securities or part thereof by private sale in such manner and under such circumstances as the Pledgee may deem necessary or advisable in order that such sale may legally be effected without such registration. Without limiting the generality of the foregoing, in any such event the Pledgee, in its sole and absolute discretion, (i) may proceed to make such private sale notwithstanding that a registration statement for the purpose of registering such Pledged Securities or part thereof shall have been filed under such Securities Act, (ii) may approach and negotiate with a single possible purchaser to effect such sale and (iii) may restrict such sale to a purchaser who will represent and agree that such purchaser is purchasing for its own account, for investment, and not with a view to the distribution or sale of such Pledged Securities by or part thereof. In the Collateral Agent event of any such sale, the Pledgee shall incur no responsibility or liability for selling all or any other Secured Party expressly for use therein. Each Pledgor further agrees, upon such written request referred to above, to use its best efforts to qualify, file or register, or cause the issuer of such Pledged Securities to qualify, file or register, any part of the Pledged Securities at a price which the Pledgee, in its sole and absolute discretion, may in good xxxxx xxxx reasonable under the Blue Sky or other securities laws of such states circumstances, notwithstanding the possibility that a substantially higher price might be realized if the sale were deferred until the registration as may be requested by the Collateral Agent and keep effective, or cause to be kept effective, all such qualifications, filings or registrations. Each Pledgor will bear all costs and expenses of carrying out its obligations under this Section 12. Each Pledgor acknowledges that there is no adequate remedy at law for failure by it to comply with the provisions of this Section 12 and that such failure would not be adequately compensable in damages, and therefore agrees that its agreements contained in this Section 12 may be specifically enforcedaforesaid.
Appears in 2 contracts
Samples: Pledge Agreement (MJD Communications Inc), Credit Agreement (MJD Communications Inc)
Registration, etc. Each Pledgor Obligor agrees that, upon the occurrence and during the continuance of an Event of Default hereunderDefault, if for any reason the Collateral Agent Agent, acting at the written direction of the Administrative Agent, desires to sell any of the Pledged Securities of the Borrower Investment Property Collateral at a public sale, it will, at any time and from time to time, upon the written request of the Collateral Agent, subject to the Intercreditor Agreement, use its best commercially reasonable efforts to take or to cause the issuer of such each applicable Pledged Securities Interests Issuer to take such action and prepare, distribute and/or file such documents, documents as are required or advisable in the reasonable opinion of counsel for the Collateral Agent to permit the public sale of such Pledged SecuritiesInvestment Property Collateral. Each Pledgor Obligor further agrees to indemnify, defend and hold harmless the Collateral Agent, each other Secured Party, any underwriter and their respective officers, directors, affiliates and controlling persons Persons from and against all loss, liability, expenses, costs of counsel (including, without limitation, including reasonable fees and expenses to the Collateral Agent of legal counsel), and claims (including the costs of investigation) that they may incur insofar as such loss, liability, expense or claim arises out of or is based upon any alleged untrue statement of a material fact contained in any prospectus prospectus, notification or offering circular (or any amendment or supplement thereto) or in any notification or offering circular), or arises out of or is based upon any alleged omission to state a material fact required to be stated therein or necessary to make the statements in any thereof not misleading, except insofar as the same may have been caused by any untrue statement or omission based upon information furnished in writing to such Pledgor Grantor or the issuer of such Pledged Securities Interests Issuer by the Collateral Agent or any other Secured Party expressly for use therein. Each Pledgor Obligor further agrees, upon such written request referred to above, to use its best commercially reasonable efforts to qualify, file or register, or cause the issuer of such applicable Pledged Securities Interests Issuer to qualify, file or register, any of the Pledged Securities Investment Property Collateral under the Blue Sky or other securities laws of such states as may be reasonably requested by the Collateral Agent and keep effective, or cause to be kept effective, all such qualifications, filings or registrations. Each Pledgor Obligor will bear all costs and expenses of carrying out its obligations under this Section 125.05. Each Pledgor Obligor acknowledges that there is no adequate remedy at law for failure by it to comply with the provisions of this Section 12 5.05 only and that such failure would not be adequately compensable in damagesdamages and, and therefore therefore, agrees that its agreements contained in this Section 12 5.05 may be specifically enforced.
Appears in 2 contracts
Samples: Guarantee and Collateral Agreement (Summit Midstream Partners, LP), Guarantee and Collateral Agreement (Summit Midstream Partners, LP)
Registration, etc. Each Pledgor agrees that, upon the occurrence and during the continuance of an Event of Default hereunderDefault, if for any reason the Collateral Agent desires to sell any of the Pledged Securities of the Borrower at a public sale, it will, at any time and from time to time, upon the written request of the Collateral Agent, use its best efforts to take or to cause the issuer of such Pledged Securities to take such action and prepare, distribute and/or file such documents, as are required or advisable in the reasonable opinion of counsel for the Collateral Agent to permit the public sale of such Pledged Securities. Each Pledgor further agrees to indemnify, defend and hold harmless the Collateral Agent, each other Secured Party, any underwriter and their respective officers, directors, affiliates and controlling persons Persons from and against all loss, liability, expenses, costs of counsel (including, without limitation, reasonable fees and expenses to the Collateral Agent of legal counsel), and claims (including the costs of investigation) that they may incur insofar as such loss, liability, expense or claim arises out of or is based upon any alleged untrue statement of a material fact contained in any prospectus (or any amendment or supplement thereto) or in any notification or offering circular, or arises out of or is based upon any alleged omission to state a material fact required to be stated therein or necessary to make the statements in any thereof not misleading, except insofar as the same may have been caused by any untrue statement or omission based upon information furnished in writing to such Pledgor or the issuer of such Pledged Securities by the Collateral Agent or any other Secured Party expressly for use therein. Each Pledgor further agrees, upon such written request referred to above, to use its best efforts to qualify, file or register, or cause the issuer of such Pledged Securities to qualify, file or register, any of the Pledged Securities under the Blue Sky or other securities laws of such states as may be requested by the Collateral Agent and keep effective, or cause to be kept effective, all such qualifications, filings or registrations. Each Pledgor will bear all costs and expenses of carrying out its obligations under this Section 12. Each Pledgor acknowledges that there is no adequate remedy at law for failure by it to comply with the provisions of this Section 12 and that such failure would not be adequately compensable in damages, and therefore agrees that its agreements contained in this Section 12 may be specifically enforced.
Appears in 2 contracts
Samples: Pledge Agreement (American Media Operations Inc), Pledge Agreement (Marketing Services Inc)
Registration, etc. Each Pledgor Grantor agrees that, upon the occurrence and during the continuance of an Event of Default hereunderDefault, if for any reason the Collateral Agent desires to sell any of the Pledged Securities of the Borrower Collateral at a public sale, it will, at any time and from time to time, upon the written request of the Collateral Agent, use its best commercially reasonable efforts to take or to cause the issuer of such Pledged Securities Collateral to take such action and prepare, distribute and/or file such documents, as are required or advisable in the reasonable opinion of counsel for the Collateral Agent to permit the public sale of such Pledged SecuritiesCollateral. Each Pledgor Grantor further agrees to indemnify, defend and hold harmless the Administrative Agent, the Collateral Agent, each other Secured Party, any underwriter and their respective officers, directors, affiliates and controlling persons from and against all loss, liability, expenses, costs of counsel (including, without limitation, reasonable fees and expenses to the Collateral Agent of legal counsel), and claims (including the costs of investigation) that they may incur insofar as such loss, liability, expense or claim arises out of or is based upon any alleged untrue statement of a material fact contained in any prospectus (or any amendment or supplement thereto) or in any notification or offering circular, or arises out of or is based upon any alleged omission to state a material fact required to be stated therein or necessary to make the statements in any thereof not misleading, except insofar as the same may have been caused by any untrue statement or omission based upon information furnished in writing to such Pledgor Grantor or the issuer of such Pledged Securities Collateral by the Collateral Agent or any other Secured Party expressly for use therein. Each Pledgor Grantor further agrees, upon such written request referred to above, to use its best commercially reasonable efforts to qualify, file or register, or cause the issuer of such Pledged Securities Collateral to qualify, file or register, any of the Pledged Securities Collateral under the Blue Sky or other securities laws of such states as may be requested by the Collateral Agent and keep effective, or cause to be kept effective, all such qualifications, filings or registrations. Each Pledgor Grantor will bear all costs and expenses of carrying out its obligations under this Section 125.05. Each Pledgor Grantor acknowledges that there is no adequate remedy at law for failure by it to comply with the provisions of this Section 12 5.05 and that such failure would not be adequately compensable in damages, and therefore agrees that its agreements contained in this Section 12 5.05 may be specifically enforced.. ARTICLE VI
Appears in 2 contracts
Samples: Guarantee and Collateral Agreement (Dex Media West LLC), Guarantee and Collateral Agreement (Dex Media Inc)
Registration, etc. Each Pledgor agrees that, upon the occurrence and during the continuance of (a) If an Event of Default hereunder, if for shall have occurred and be continuing and any reason Pledgor shall have received from the Collateral Agent desires to sell any of the Pledged Securities of the Borrower at Pledgee a public sale, it will, at any time and from time to time, upon the written request or requests that such Pledgor cause any registration, qualification or compliance under any Federal or state securities law or laws to be effected with respect to all or any part of the Collateral Agentconsisting of Securities, Limited Liability Company Interests or Partnership Interests, such Pledgor as soon as practicable and at its expense will use its best efforts to take or cause such registration to be effected (and be kept effective) and will use its best efforts to cause such qualification and compliance to be effected (and be kept effective) as may be so requested and as would permit or facilitate the issuer sale and distribution of such Pledged Securities to take such action and prepareCollateral consisting of Securities, distribute and/or file such documentsLimited Liability Company Interests or Partnership Interests, as are required or advisable in the reasonable opinion of counsel for the Collateral Agent to permit the public sale of such Pledged Securities. Each Pledgor further agrees to indemnify, defend and hold harmless the Collateral Agent, each other Secured Party, any underwriter and their respective officers, directors, affiliates and controlling persons from and against all loss, liability, expenses, costs of counsel (including, without limitation, reasonable fees registration under the Securities Act, as then in effect (or any similar statute then in effect), appropriate qualifications under applicable blue sky or other state securities laws and expenses appropriate compliance with any other governmental requirements; provided, that the Pledgee shall furnish to such Pledgor such information regarding the Pledgee as such Pledgor may request in writing and as shall be required in connection with any such registration, qualification or compliance. Each Pledgor will cause the Pledgee to be kept reasonably advised in writing as to the Collateral Agent progress of legal counsel)each such registration, qualification or compliance and as to the completion thereof, will furnish to the Pledgee such number of prospectuses, offering circulars and other documents incident thereto as the Pledgee from time to time may reasonably request, and claims will indemnify, to the extent permitted by law, the Pledgee and all other Secured Creditors participating in the distribution of such Collateral consisting of Securities, Limited Liability Company Interests or Partnership Interests against all claims, losses, damages and liabilities caused by any untrue statement (including the costs of investigation) that they may incur insofar as such loss, liability, expense or claim arises out of or is based upon any alleged untrue statement statement) of a material fact contained in any prospectus therein (or any amendment or supplement thereto) or in any related registration statement, notification or offering circular, the like) or arises out of by any omission (or is based upon any alleged omission omission) to state therein (or in any related registration statement, notification or the like) a material fact required to be stated therein or necessary to make the statements in any thereof therein not misleading, except insofar as the same may have been caused by any an untrue statement or omission based upon information furnished in writing to such Pledgor or the issuer of such Pledged Securities by the Collateral Agent or any other Secured Party Pledgee expressly for use therein.
(b) If at any time when the Pledgee shall determine to exercise its right to sell all or any part of the Collateral consisting of Securities, Limited Liability Company Interests or Partnership Interests pursuant to Section 7, and such Collateral or the part thereof to be sold shall not, for any reason whatsoever, be effectively registered under the Securities Act, as then in effect, the Pledgee may, in its sole and absolute discretion, sell such Collateral or part thereof by private sale in such manner and under such circumstances as the Pledgee may deem necessary or advisable in order that such sale may legally be effected without such registration. Each Pledgor further agreesWithout limiting the generality of the foregoing, upon in any such written request referred event the Pledgee, in its sole and absolute discretion: (i) may proceed to abovemake such private sale notwithstanding that a registration statement for the purpose of registering such Collateral or part thereof shall have been filed under such Securities Act; (ii) may approach and negotiate with a single possible purchaser to effect such sale; and (iii) may restrict such sale to a purchaser who will represent and agree that such purchaser is purchasing for its own account, for investment, and not with a view to use its best efforts to qualify, file the distribution or register, or cause the issuer sale of such Pledged Securities to qualifyCollateral or part thereof. In the event of any such sale, file the Pledgee shall incur no responsibility or register, liability for selling all or any part of the Pledged Securities Collateral at a price which the Pledgee, in its sole and absolute discretion, may in good xxxxx xxxx reasonable under the Blue Sky or other securities laws of such states circumstances, notwithstanding the possibility that a substantially higher price might be realized if the sale were deferred until the registration as may be requested by the Collateral Agent and keep effective, or cause to be kept effective, all such qualifications, filings or registrations. Each Pledgor will bear all costs and expenses of carrying out its obligations under this Section 12. Each Pledgor acknowledges that there is no adequate remedy at law for failure by it to comply with the provisions of this Section 12 and that such failure would not be adequately compensable in damages, and therefore agrees that its agreements contained in this Section 12 may be specifically enforcedaforesaid.
Appears in 2 contracts
Samples: Pledge Agreement (Fairpoint Communications Inc), Credit Agreement (Fairpoint Communications Inc)
Registration, etc. Each Pledgor Guarantor agrees that, after the occurrence of the First Lien Termination Date upon the occurrence and during the continuance of an Event of Default hereunderDefault, if for any reason the Collateral Agent desires to sell any of the Pledged Securities of the Borrower Collateral at a public sale, it will, at any time and from time to time, upon the written request of the Collateral Agent, use its best commercially reasonable efforts to take or to cause the issuer of such Pledged Securities Collateral to take such action and prepare, distribute and/or file such documents, as are required or advisable in the reasonable opinion of counsel for the Collateral Agent to permit the public sale of such Pledged SecuritiesCollateral. Each Pledgor Guarantor further agrees to indemnify, defend and hold harmless the Collateral Administrative Agent, each other Second Lien Secured Party, any underwriter and their respective officers, directors, affiliates and controlling persons from and against all loss, liability, expenses, costs of counsel (including, without limitation, including reasonable fees and expenses of legal counsel to the Collateral Agent of legal counselAgent), and claims (including the costs of investigation) that they may incur insofar as such loss, liability, expense or claim arises out of or is based upon any alleged untrue statement of a material fact contained in any prospectus (or any amendment or supplement thereto) or in any notification or offering circular, or arises out of or is based upon any alleged omission to state a material fact required to be stated therein or necessary to make the statements in any thereof not misleading, except insofar as the same may have been caused by any untrue statement or omission based upon information furnished in writing to such Pledgor the Guarantor or the issuer of such Pledged Securities Collateral by the Collateral Agent or any other Second Lien Secured Party expressly for use therein. Each Pledgor Guarantor further agrees, upon such written request referred to above, to use its best commercially reasonable efforts to qualify, file or register, or cause the issuer of such Pledged Securities Collateral to qualify, file or register, any of the Pledged Securities Collateral under the Blue Sky or other securities laws of such regions, nations, states or provinces as may be reasonably requested by the Collateral Agent and keep effective, or cause to be kept effective, all such qualifications, filings or registrations. Each Pledgor Guarantor will bear all costs and expenses of carrying out its obligations under this Section 124.04. Each Pledgor Guarantor acknowledges that there is no adequate remedy at law for failure by it to comply with the provisions of this Section 12 4.04 only and that such failure would not be adequately compensable in damagesdamages and, and therefore therefore, agrees that its agreements contained in this Section 12 4.04 may be specifically enforced.
Appears in 2 contracts
Samples: Guarantee and Pledge Agreement (BCP Crystal Holdings Ltd. 2), Guarantee and Pledge Agreement (Celanese CORP)
Registration, etc. Each Pledgor agrees If, upon the occurrence of an Event of Default, the Collateral Agent reasonably determines that it is necessary to sell any of the Pledged Securities at a public sale, the Pledgors agree that, upon the occurrence and during the continuance of an Event of Default hereunder, if for any reason the Collateral Agent desires to sell any of the Pledged Securities of the Borrower at a public sale, it Pledgors will, at any time and from time to time, upon the written request of the Collateral Agent, use its best efforts to take or to cause the issuer Issuer of such Pledged Securities to take such action and prepare, distribute and/or file such documents, as are required or advisable in the reasonable opinion of counsel for the Collateral Agent to permit the public sale of such Pledged Securities. Each Pledgor further agrees Without limiting any of their other indemnification obligations under the Loan Documents, the Pledgors agree to indemnify, defend and hold harmless the Collateral Agent, each other Secured Party, any underwriter and their respective officers, directors, affiliates Affiliates and controlling persons Persons from and against all loss, liability, expenses, costs of counsel (including, without limitation, including the reasonable fees and expenses of legal counsel to the Collateral Agent of legal counselAgent), and claims (including the reasonable costs of investigation) that they any of them may incur insofar as such loss, liability, expense or claim arises out of of, or is based upon upon, any alleged untrue statement of a material fact contained in any prospectus (or any amendment or supplement thereto) or in any notification or offering circular, or arises out of or is based upon any alleged omission to state a material fact required to be stated therein or necessary to make the statements in any thereof not misleading, except insofar as the same may have been caused by any untrue statement or omission based upon information furnished in writing to such Pledgor the Pledgors or the issuer Issuer of such Pledged Securities by the Collateral Agent or any other Secured Party expressly for use therein. Each Pledgor The Pledgors further agreesagree, upon such written request referred to above, to use its their best efforts to qualify, file or register, or cause the issuer Issuer of such Pledged Securities to qualify, file or register, any of the Pledged Securities under the Securities Act, Blue Sky Laws or other securities laws of such states as may be requested by the Collateral Agent and keep effective, or cause to be kept effective, all such qualifications, filings or registrations. Each Pledgor The Pledgors will bear all costs and expenses of carrying out its their obligations under this Section 129. Each Pledgor acknowledges The Pledgors acknowledge that there is no adequate remedy at law for failure by it them to comply with the provisions of this Section 12 9 and that such failure would not be adequately compensable in damages, and therefore agrees agree that its their agreements contained in this Section 12 9 may be specifically enforced.
Appears in 2 contracts
Samples: Pledge Agreement (Marsh Supermarkets Inc), Pledge Agreement (Marsh Supermarkets Inc)
Registration, etc. Each Pledgor agrees that, upon the occurrence and during the continuance of an Event of Default hereunder, if for any reason the Euro Collateral Agent desires to sell any of the Pledged Securities of the Borrower such Pledgor at a public sale, it will, at any time and from time to time, upon the written request of the Euro Collateral Agent, use its best efforts to take or to cause the issuer of such Pledged Securities to take such action and prepare, distribute and/or file such documents, as are required or advisable in the reasonable opinion of counsel for the Euro Collateral Agent to permit the public sale of such Pledged Securities. Each Pledgor further agrees to indemnify, defend and hold harmless the Euro Collateral Agent, each other Secured Party, any underwriter and their respective officers, directors, affiliates and controlling persons Persons from and against all loss, liability, expenses, costs of counsel (including, without limitation, reasonable fees and expenses to the Euro Collateral Agent of legal counsel), and claims (including the costs of investigation) that they may incur insofar as such loss, liability, expense or claim arises out of or is based upon any alleged untrue statement of a material fact contained in any prospectus (or any amendment or supplement thereto) or in any notification or offering circular, or arises out of or is based upon any alleged omission to state a material fact required to be stated therein or necessary to make the statements in any thereof not misleading, except insofar as the same may have been caused by any untrue statement or omission based upon information furnished in writing to such Pledgor or the issuer of such Pledged Securities by the Euro Collateral Agent or any other Secured Party expressly for use therein. Each Pledgor further agrees, upon such written request referred to above, to use its best efforts to qualify, file or register, or cause the issuer of such Pledged Securities to qualify, file or register, any of the Pledged Securities under the Blue Sky or other securities laws of such states as may be requested by the Euro Collateral Agent and keep effective, or cause to be kept effective, all such qualifications, filings or registrations. Each Pledgor will bear all costs and expenses of carrying out its obligations under this Section 1211. Each Pledgor acknowledges that there is no adequate remedy at law for failure by it to comply with the provisions of this Section 12 11 and that such failure would not be adequately compensable in damages, and therefore agrees that its agreements contained in this Section 12 11 may be specifically enforced.
Appears in 2 contracts
Samples: Pledge Agreement (Crown Holdings Inc), Pledge Agreement (Crown Holdings Inc)
Registration, etc. Each Pledgor Grantor agrees that, upon the occurrence and during the continuance of an Event of Default hereunderDefault, if for any reason the Collateral Administrative Agent desires to sell any of the Pledged Securities Investment Related Property owned or held by or on behalf of the Borrower such Grantor at a public sale, it will, at any time and from time to time, upon the written request of the Collateral Administrative Agent, use its best efforts to take or to cause cause, where applicable, the issuer of such Pledged Securities Investment Related Property to take such action and prepare, distribute and/or file such documents, as are required or advisable in the reasonable opinion of counsel for the Collateral Administrative Agent to permit the public sale of such Pledged SecuritiesInvestment Related Property. Each Pledgor Grantor further agrees to indemnify, defend and hold harmless the Collateral Administrative Agent, each other Secured Party, any underwriter and their respective officers, directors, affiliates and controlling persons Persons from and against all loss, liability, expenses, costs of counsel (including, without limitation, including reasonable fees and expenses to the Collateral Agent of legal counsel), and claims (including the costs of investigation) that they may incur incur, insofar as such loss, liability, expense or claim claim, as applicable, relates to such Grantor or any of its property, and arises out of or is based upon any alleged untrue statement of a material fact contained in any prospectus (or any amendment or supplement thereto) or in any notification or offering circular, or arises out of or is based upon any alleged omission to state a material fact required to be stated therein or necessary to make the statements in any thereof not misleading, except insofar as the same may have been caused by any untrue statement or omission based upon information furnished in writing to such Pledgor Grantor or the issuer of such Pledged Securities Investment Related Property, as applicable, by the Collateral Administrative Agent or any other Secured Party expressly for use therein. Each Pledgor Grantor further agrees, upon such written request referred to above, to use its best efforts to qualify, file or register, or cause cause, where applicable, the issuer of such Pledged Securities Investment Related Property to qualify, file or register, any of the Pledged Securities Investment Related Property owned or held by or on behalf of such Grantor under the Blue Sky or other securities laws of such states as may be requested by the Collateral Administrative Agent and keep effective, or cause to be kept effective, all such qualifications, filings or registrations. Each Pledgor Grantor will bear all costs and expenses of carrying out its obligations under this Section 12Section. Each Pledgor Grantor acknowledges that there is no adequate remedy at law for failure by it to comply with the provisions of this Section 12 and that such failure would not be adequately compensable in damages, and therefore agrees that its agreements contained in this Section 12 may be specifically enforced.
Appears in 2 contracts
Samples: Credit Agreement (Penton Media Inc), Security Agreement (A C Moore Arts & Crafts Inc)
Registration, etc. Each Pledgor agrees that, upon the occurrence and during the continuance of an Event of Default hereunderfollowing a Discharge of Senior Lender Claims, if if, in accordance with, and to the extent consistent with, the terms of the Intercreditor Agreement, for any reason the Collateral Agent desires to sell any of the Pledged Securities of the Borrower Collateral at a public sale, it will, at any time and from time to time, upon the written request of the Collateral Agent, use its best commercially reasonable efforts to take or to cause the issuer of such Pledged Securities Collateral to take such action and prepare, distribute and/or file such documents, as are required or advisable in the reasonable opinion of counsel for the Collateral Agent to permit the public sale of such Pledged SecuritiesCollateral. Each Pledgor further agrees to indemnify, defend and hold harmless the Collateral Agent, each other Secured Party, any underwriter and their respective officers, directors, affiliates and controlling persons from and against all loss, liability, expenses, costs of counsel (including, without limitation, including reasonable fees and expenses to the Collateral Agent of legal counsel), and claims (including the costs of investigation) that they may incur insofar as such loss, liability, expense or claim arises out of or is based upon any alleged untrue statement of a material fact contained in any prospectus (or any amendment or supplement thereto) or in any notification or offering circular, or arises out of or is based upon any alleged omission to state a material fact required to be stated therein or necessary to make the statements in any thereof not misleading, except insofar as the same may have been caused by any untrue statement or omission based upon information furnished in writing to such Pledgor or the issuer of such Pledged Securities Collateral by the Collateral Agent or any other Secured Party expressly for use therein. Each Pledgor further agrees, upon such written request referred to above, to use its best commercially reasonable efforts to qualify, file or register, or cause the issuer of such Pledged Securities Collateral to qualify, file or register, any of the Pledged Securities Collateral under the Blue Sky or other securities laws of such states as may be reasonably requested by the Collateral Agent and keep effective, or cause to be kept effective, all such qualifications, filings or registrations. Each Pledgor will bear all costs and expenses of carrying out its obligations under this Section 125.05. Each Pledgor acknowledges that there is no adequate remedy at law for failure by it to comply with the provisions of this Section 12 5.05 only and that such failure would not be adequately compensable in damagesdamages and, and therefore therefore, agrees that its agreements contained in this Section 12 5.05 may be specifically enforced.
Appears in 2 contracts
Samples: Collateral Agreement (Hexion Specialty Chemicals, Inc.), Collateral Agreement (Hexion Specialty Chemicals, Inc.)
Registration, etc. Each Pledgor agrees that, upon the occurrence and during the continuance of an Event of Default hereunder, if for any reason the Collateral Administrative Agent desires to sell any of the Pledged Securities of the Parent Borrower at a public sale, it will, at any time and from time to time, upon the written request of the Collateral Administrative Agent, use its best efforts to take or to cause the issuer of such Pledged Securities to take such action and prepare, distribute and/or file such documents, as are required or advisable in the reasonable opinion of counsel for the Collateral Administrative Agent to permit the public sale of such Pledged Securities. Each Pledgor further agrees to indemnify, defend and hold harmless the Collateral Administrative Agent, each other Secured Party, any underwriter and their respective officers, directors, affiliates and controlling persons Persons from and against all loss, liability, expenses, costs of counsel (including, without limitation, reasonable fees and expenses to the Collateral Administrative Agent of legal counsel), and claims (including the costs of investigation) that they may incur insofar as such loss, liability, expense or claim arises out of or is based upon any alleged untrue statement of a material fact contained in any prospectus (or any amendment or supplement thereto) or in any notification or offering circular, or arises out of or is based upon any alleged omission to state a material fact required to be stated therein or necessary to make the statements in any thereof not misleading, except insofar as the same may have been caused by any untrue statement or omission based upon information furnished in writing to such Pledgor or the issuer of such Pledged Securities by the Collateral Administrative Agent or any other Secured Party expressly for use therein. Each Pledgor further agrees, upon such written request referred to above, to use its best efforts to qualify, file or register, or cause the issuer of such Pledged Securities to qualify, file or register, any of the Pledged Securities under the Blue Sky "blue sky" or other securities laws of such states as may be requested by the Collateral Administrative Agent and keep effective, or cause to be kept effective, all such qualifications, filings or registrations. Each Pledgor will bear all costs and expenses of carrying out its obligations under this Section 12. Each Pledgor acknowledges that there is no adequate remedy at law for failure by it to comply with the provisions of this Section 12 and that such failure would not be adequately compensable in damages, and therefore agrees that its agreements contained in this Section 12 may be specifically enforced.
Appears in 2 contracts
Samples: Pledge Agreement (Knowles Electronics LLC), Pledge Agreement (Knowles Electronics LLC)
Registration, etc. Each The Pledgor agrees that, upon the occurrence and during the continuance of an Event of Default hereunder, if for any reason the Collateral Agent desires to sell any of the Pledged Securities of the Borrower at a public sale, it will, at any time and from time to time, upon the written request of the Collateral Agent, use its best efforts to take or to cause the issuer of such Pledged Securities to take such action and prepare, distribute and/or file such documents, as are required or advisable in the reasonable opinion of counsel for the Collateral Agent to permit the public sale of such Pledged Securities. Each The Pledgor further agrees to indemnify, defend and hold harmless the Collateral Agent, each other Secured Party, any underwriter and their respective officers, directors, affiliates and controlling persons from and against all loss, liability, expenses, costs of counsel (including, without limitation, reasonable fees and expenses to the Collateral Agent of legal counsel), and claims (including the costs of investigation) that they may incur insofar as such loss, liability, expense or claim arises out of or is based upon any alleged untrue statement of a material fact contained in any prospectus (or any amendment or supplement thereto) or in any notification or offering circular, or arises out of or is based upon any alleged omission to state a material fact required to be stated therein or necessary to make the statements in any thereof not misleading, except insofar as the same may have been caused by any untrue statement or omission based upon information furnished in writing to such the Pledgor or the issuer of such Pledged Securities by the Collateral Agent or any other Secured Party expressly for use therein. Each The Pledgor further agrees, upon such written request referred to above, to use its best efforts to qualify, file or register, or cause the issuer of such Pledged Securities to qualify, file or register, any of the Pledged Securities under the Blue Sky or other securities laws of such states as may be requested by the Collateral Agent and keep effective, or cause to be kept effective, all such qualifications, filings or registrations. Each The Pledgor will bear all costs and expenses of carrying out its obligations under this Section 12. Each The Pledgor acknowledges that there is no adequate remedy at law for failure by it to comply with the provisions of this Section 12 and that such failure would not be adequately compensable in damages, and therefore agrees that its agreements contained in this Section 12 may be specifically enforced.
Appears in 2 contracts
Samples: Credit Agreement (Tel Save Holdings Inc), Pledge Agreement (Tel Save Holdings Inc)
Registration, etc. Each Pledgor agrees that, upon the occurrence and during the continuance of an Event of Default hereunder, if for any reason the Collateral Agent desires to sell any of the Pledged Securities of the Borrower at a public sale, it will, at any time and from time to time, upon the reasonable written request of the Collateral Agent, use its best commercially reasonable efforts to take or to cause the issuer of such Pledged Securities to take such action and prepare, distribute distribute, file and/or file cause to become effective such documents, documents as are required or advisable in the reasonable opinion of counsel for the Collateral Agent to permit the public sale of such Pledged Securities. Each Pledgor further agrees to indemnify, defend and hold harmless the Collateral Agent, each other Secured Party, any underwriter and their respective officers, directors, affiliates and controlling persons Persons (collectively, “indemnitees”) from and against all loss, liability, expenses, costs of counsel (including, without limitation, reasonable fees and out-of-pocket expenses to the Collateral Agent of legal counsel), ) and claims (including the reasonable costs of investigation) that they may incur insofar as such loss, liability, expense or claim arises out of or is based upon any alleged untrue statement of a material fact contained in any prospectus (or any amendment or supplement thereto) or in any notification or offering circular, or arises out of or is based upon any alleged omission to state a material fact required to be stated therein or necessary to make the statements in any thereof not misleading, except insofar as the same may have been caused by any untrue statement or omission based upon information furnished in writing to such Pledgor or the issuer of such Pledged Securities by the Collateral Agent or any other Secured Party expressly for use therein. Each Pledgor further agrees, upon such written request referred refereed to above, to use its reasonable best efforts to qualify, file or register, or cause the issuer of such Pledged Securities to qualify, file or register, any of the Pledged Securities under the Blue Sky or other securities laws of such states as may be requested by the Collateral Agent and keep effective, or cause to be kept effective, all such qualifications, filings or registrations. Each Pledgor will bear all reasonable costs and expenses of carrying out its obligations under this Section 1211. Each Pledgor acknowledges that there is no adequate remedy at law for failure by it to comply with the provisions of this Section 12 11 and that such failure would not be adequately compensable in damages, and therefore agrees that its agreements contained in this Section 12 11 may be specifically enforced.
Appears in 2 contracts
Samples: Pledge Agreement (Solutia Inc), Pledge Agreement (Solutia Inc)
Registration, etc. Each Pledgor agrees that, upon the occurrence (a) If there shall have occurred and during the continuance of be continuing an Event of Default hereunderthen, if for any reason the Collateral Agent desires to sell any of the Pledged Securities of the Borrower at a public sale, it will, at any time and from time to timein every such case, upon receipt by any Pledgor from the Pledgee of a written request or requests that such Pledgor cause any registration, qualification or compliance under any Federal or state securities law or laws to be effected with respect to all or any part of the Collateral Agentconsisting of Securities, use Limited Liability Company Interests or Partnership Interests, such Pledgor as soon as practicable and at its best efforts expense will cause such registration to take be effected (and be kept effective) and will cause such qualification and compliance to be declared effected (and be kept effective) as may be so requested and as would permit or to cause facilitate the issuer sale and distribution of such Pledged Securities to take such action and prepareCollateral, distribute and/or file such documents, as are required or advisable in the reasonable opinion of counsel for the Collateral Agent to permit the public sale of such Pledged Securities. Each Pledgor further agrees to indemnify, defend and hold harmless the Collateral Agent, each other Secured Party, any underwriter and their respective officers, directors, affiliates and controlling persons from and against all loss, liability, expenses, costs of counsel (including, without limitation, reasonable fees registration under the Securities Act, as then in effect (or any similar statute then in effect), appropriate qualifications under applicable blue sky or other state securities laws and expenses appropriate compliance with any other government requirements, provided, that the Pledgee shall furnish to such Pledgor such information regarding the Pledgee as such Pledgor may reasonably request in writing and as shall be required in connection with any such registration, qualification or compliance. Such Pledgor will cause the Pledgee to be kept advised in writing as to the Collateral Agent progress of legal counsel)each such registration, qualification or compliance and as to the completion thereof, will furnish to the Pledgee such number of prospectuses, offering circulars or other documents incident thereto as the Pledgee from time to time may reasonably request, and claims will indemnify the Pledgee, each other Secured Creditor and all others participating in the distribution of such Collateral against all claims, losses, damages and liabilities caused by any untrue statement (including the costs of investigation) that they may incur insofar as such loss, liability, expense or claim arises out of or is based upon any alleged untrue statement statement) of a material fact contained in any prospectus therein (or any amendment or supplement thereto) or in any related registration statement, notification or offering circular, the like) or arises out of by any omission (or is based upon any alleged omission omission) to state therein (or in any related registration statement, notification or the like) a material fact required to be stated therein or necessary to make the statements in any thereof therein not misleading, except insofar as the same may have been caused by any an untrue statement or omission based upon information furnished in writing to such Pledgor or the issuer of such Pledged Securities by the Collateral Agent Pledgee or any such other Secured Party Creditor expressly for use therein. Each Pledgor further agrees.
(b) If at any time when the Pledgee shall determine to exercise its right to sell all or any part of the Collateral consisting of Securities, upon Limited Liability Company Interests or Partnership Interests pursuant to Section 7 hereof, and the Collateral or the part thereof to be sold shall not, for any reason whatsoever, be effectively registered under the Securities Act, as then in effect, the Pledgee may, in its sole and absolute discretion, sell such written request referred to aboveCollateral, to use its best efforts to qualify, file or registeras the case may be, or cause part thereof by private sale in such manner and under such circumstances as the issuer Pledgee may deem necessary or advisable in order that such sale may legally be effected without such registration. Without limiting the generality of the foregoing, in any such event the Pledgee, in its sole and absolute discretion (i) may proceed to make such private sale notwithstanding that a registration statement for the purpose of registering such Collateral or part thereof shall have been filed under such Securities Act, (ii) may approach and negotiate with a single possible purchaser to effect such sale, and (iii) may restrict such sale to a purchaser who will represent and agree that such purchaser is purchasing for its own account, for investment, and not with a view to the distribution or sale of such Pledged Securities to qualifyCollateral or part thereof. In the event of any such sale, file the Pledgee shall incur no responsibility or register, liability for selling all or any part of the Pledged Securities Collateral at a price which the Pledgee, in its sole and absolute discretion, in good xxxxx xxxxx reasonable under the Blue Sky or other securities laws of such states circumstances, notwithstanding the possibility that a substantially higher price might be realized if the sale were deferred until after registration as may be requested by the Collateral Agent and keep effective, or cause to be kept effective, all such qualifications, filings or registrations. Each Pledgor will bear all costs and expenses of carrying out its obligations under this Section 12. Each Pledgor acknowledges that there is no adequate remedy at law for failure by it to comply with the provisions of this Section 12 and that such failure would not be adequately compensable in damages, and therefore agrees that its agreements contained in this Section 12 may be specifically enforcedaforesaid.
Appears in 2 contracts
Samples: Credit Agreement (Marathon Power Technologies Co), Pledge Agreement (Infousa Inc)
Registration, etc. Each Pledgor agrees that(a) in writing as to the progress of each such registration, upon qualification or compliance and as to the occurrence and during completion thereof, will furnish to the continuance Pledgee such number of an Event of Default hereunderprospectuses, if for any reason offering circulars or other documents incident thereto as the Collateral Agent desires to sell any of the Pledged Securities of the Borrower at a public sale, it will, at any time and Pledgee from time to timetime may reasonably request, upon and will indemnify the written request of the Collateral Agent, use its best efforts to take or to cause the issuer of such Pledged Securities to take such action and prepare, distribute and/or file such documents, as are required or advisable in the reasonable opinion of counsel for the Collateral Agent to permit the public sale of such Pledged Securities. Each Pledgor further agrees to indemnify, defend and hold harmless the Collateral AgentPledgee, each other Secured Party, any underwriter Creditor and their respective officers, directors, affiliates and controlling persons from and all others participating in the distribution of such Pledged Stock against all lossclaims, liabilitylosses, expenses, costs of counsel damages and liabilities caused by any untrue statement (including, without limitation, reasonable fees and expenses to the Collateral Agent of legal counsel), and claims (including the costs of investigation) that they may incur insofar as such loss, liability, expense or claim arises out of or is based upon any alleged untrue statement statement) of a material fact contained in any prospectus therein (or any amendment or supplement thereto) or in any related registration statement, notification or offering circular, the like) or arises out of by any omission (or is based upon any alleged omission omission) to state therein (or in any related registration statement, notification or the like) a material fact required to be stated therein or necessary to make the statements in any thereof therein not misleading, except insofar as the same may have been caused by any an untrue statement or omission based upon information furnished in writing to such Pledgor by the Pledgee or such other Secured Creditor expressly for use therein.
(b) If at any time when the Pledgee shall determine to exercise its right to sell all or any part of the Pledged Securities pursuant to Section 7 hereof, and such Pledged Securities or the issuer part thereof to be sold shall not, for any reason whatsoever, be effectively registered under the Securities Act of 1933, as then in effect, the Pledgee may, in its sole and absolute discretion, sell such Pledged Securities or part thereof by private sale in such manner and under such circumstances as the Pledgee may deem necessary or advisable in order that such sale may legally be effected without such registration. Without limiting the generality of the foregoing, in any such event the Pledgee, in its sole and absolute discretion (i) may proceed to make such private sale notwithstanding that a registration statement for the purpose of registering such Pledged Securities or part thereof shall have been filed under such Securities Act, (ii) may approach and negotiate with a single possible purchaser to effect such sale, and (iii) may restrict such sale to a purchaser who will represent and agree that such purchaser is purchasing for its own account, for investment, and not with a view to the distribution or sale of such Pledged Securities by or part thereof. In the Collateral Agent event of any such sale, the Pledgee shall incur no responsibility or liability for selling all or any other Secured Party expressly for use therein. Each Pledgor further agrees, upon such written request referred to above, to use its best efforts to qualify, file or register, or cause the issuer of such Pledged Securities to qualify, file or register, any part of the Pledged Securities at a price which the Pledgee, in its sole and absolute discretion, in good faitx xxxxx xxxsonable under the Blue Sky or other securities laws of such states circumstances, notwithstanding the possibility that a substantially higher price might be realized if the sale were deferred until after registration as may be requested by the Collateral Agent and keep effective, or cause to be kept effective, all such qualifications, filings or registrations. Each Pledgor will bear all costs and expenses of carrying out its obligations under this Section 12. Each Pledgor acknowledges that there is no adequate remedy at law for failure by it to comply with the provisions of this Section 12 and that such failure would not be adequately compensable in damages, and therefore agrees that its agreements contained in this Section 12 may be specifically enforcedaforesaid.
Appears in 2 contracts
Samples: Term Loan Agreement (Sky Chefs Argentine Inc), Credit Agreement (Sky Chefs Argentine Inc)
Registration, etc. Each Pledgor agrees that, upon the occurrence and during the continuance of an Event of Default hereunder, if for any reason the Collateral Agent desires to sell any of the Pledged Securities of the Borrower at a public sale, it will, at any time and from time to time, upon the written request of the Collateral Agent, use its best reasonable efforts to take or to cause the issuer of such Pledged Securities to take such action and prepare, distribute and/or file such documents, as are reasonably required or advisable in the reasonable opinion of counsel for the Collateral Agent to permit the public sale of such Pledged Securities. Each Pledgor further agrees to indemnify, defend and hold harmless the Collateral Agent, each other Secured Party, any underwriter and their respective officers, directors, affiliates and controlling persons from and against all loss, liability, expenses, costs of counsel (including, without limitation, reasonable fees and expenses to the Collateral Agent of legal counsel), and claims (including the costs of investigation) that they may incur insofar as such loss, liability, expense or claim arises out of or is based upon any alleged untrue statement of a material fact contained in any prospectus (or any amendment or supplement thereto) or in any notification or offering circular, or arises out of or is based upon any alleged omission to state a material fact required to be stated therein or necessary to make the statements in any thereof not misleading, except insofar as the same may have been caused by any untrue statement or omission based upon information furnished in writing to such Pledgor or the issuer of such Pledged Securities by the Collateral Agent or any other Secured Party expressly for use therein. Each Pledgor further agrees, upon such written request referred to above, to use its best reasonable efforts to qualify, file or register, or cause the issuer of such Pledged Securities to qualify, file or register, any of the Pledged Securities under the Blue Sky or other securities laws of such states as may be requested by the Collateral Agent and keep effective, or cause to be kept effective, all such qualifications, filings or registrations. Each Pledgor will bear all costs and expenses of carrying out its obligations under this Section 12. Each Pledgor acknowledges that there is no adequate remedy at law for failure by it to comply with the provisions of this Section 12 and that such failure would not be adequately compensable in damages, and therefore agrees that its agreements contained in this Section 12 may be specifically enforced.
Appears in 2 contracts
Samples: Credit Agreement (Trimas Corp), Credit Agreement (Trimas Corp)
Registration, etc. Each Pledgor agrees that, upon the occurrence and during the continuance of an Event of Default hereunder, if for any reason the Collateral Agent desires to sell any of the Pledged Securities of the Borrower at a public sale, it will, at any time and from time to time, upon the written request of the Collateral Agent, use its best efforts to take or to cause the issuer of such Pledged Securities to take such action and prepare, distribute and/or file such documents, as are required or advisable in the reasonable opinion of counsel for the Collateral Agent to permit the public sale of such Pledged Securities. Each Pledgor further agrees to indemnify, defend and hold harmless the Collateral Agent, each other Secured Party, any underwriter and their respective officers, directors, affiliates and controlling persons from and against all loss, liability, expenses, costs of counsel (including, without limitation, reasonable fees and expenses to the Collateral Agent of legal counsel), and claims (including the costs of investigationa) that they may incur insofar as such loss, liability, expense or claim arises out of or is based upon any alleged untrue statement of a material fact contained in any prospectus omission (or any amendment or supplement theretoalleged omission) to state therein (or in any related registration statement, notification or offering circular, or arises out of or is based upon any alleged omission to state the like) a material fact required to be stated therein or necessary to make the statements in any thereof therein not misleading, except insofar as the same may have been caused by any an untrue statement or omission based upon information furnished in writing to the Pledgor by the Pledgee or such Pledgor other Secured Creditor expressly for use therein.
(b) If at any time when the Pledgee shall determine to exercise its right to sell all or any part of the Pledged Securities pursuant to Section 7 hereof, and such Pledged Securities or the issuer part thereof to be sold shall not, for any reason whatsoever, be effectively registered under the Securities Act of 1933, as then in effect, the Pledgee may, in its sole and absolute discretion, sell such Pledged Securities or part thereof by private sale in such manner and under such circumstances as the Pledgee may deem necessary or advisable in order that such sale may legally be effected without such registration. Without limiting the generality of the foregoing, in any such event the Pledgee, in its sole and absolute discretion (i) may proceed to make such private sale notwithstanding that a registration statement for the purpose of registering such Pledged Securities or part thereof shall have been filed under such Securities Act, (ii) may approach and negotiate with a single possible purchaser to effect such sale, and (iii) may restrict such sale to a purchaser who will represent and agree that such purchaser is purchasing for its own account, for investment, and not with a view to the distribution or sale of such Pledged Securities by or part thereof. In the Collateral Agent event of any such sale, the Pledgee shall incur no responsibility or liability for selling all or any other Secured Party expressly for use therein. Each Pledgor further agrees, upon such written request referred to above, to use its best efforts to qualify, file or register, or cause the issuer of such Pledged Securities to qualify, file or register, any part of the Pledged Securities at a price which the Pledgee, in its sole and absolute discretion, in good faitx xxxxx xxxsonable under the Blue Sky or other securities laws of such states circumstances, notwithstanding the possibility that a substantially higher price might be realized if the sale were deferred until after registration as may be requested by the Collateral Agent and keep effective, or cause to be kept effective, all such qualifications, filings or registrations. Each Pledgor will bear all costs and expenses of carrying out its obligations under this Section 12. Each Pledgor acknowledges that there is no adequate remedy at law for failure by it to comply with the provisions of this Section 12 and that such failure would not be adequately compensable in damages, and therefore agrees that its agreements contained in this Section 12 may be specifically enforcedaforesaid.
Appears in 2 contracts
Samples: Credit Agreement (Sky Chefs Argentine Inc), Term Loan Agreement (Sky Chefs Argentine Inc)
Registration, etc. Each Pledgor Guarantor agrees that, upon the occurrence and during the continuance of an Event of Default hereunderDefault, if for any reason the Collateral Agent desires to sell any of the Pledged Securities of the Borrower Collateral at a public sale, it will, at any time and from time to time, upon the written request of the Collateral Agent, use its best commercially reasonable efforts to take or to cause the issuer of such Pledged Securities Collateral to take such action and prepare, distribute and/or file such documents, as are required or advisable in the reasonable opinion of counsel for the Collateral Agent to permit the public sale of such Pledged SecuritiesCollateral. Each Pledgor Guarantor further agrees to indemnify, defend and hold harmless the Collateral Administrative Agent, each other Secured Party, any underwriter and their respective officers, directors, affiliates and controlling persons from and against all loss, liability, expenses, costs of counsel (including, without limitation, including reasonable fees and expenses of legal counsel to the Collateral Agent of legal counselAgent), and claims (including the costs of investigation) that they may incur insofar as such loss, liability, expense or claim arises out of or is based upon any alleged untrue statement of a material fact contained in any prospectus (or any amendment or supplement thereto) or in any notification or offering circular, or arises out of or is based upon any alleged omission to state a material fact required to be stated therein or necessary to make the statements in any thereof not misleading, except insofar as the same may have been caused by any untrue statement or omission based upon information furnished in writing to such Pledgor the Guarantor or the issuer of such Pledged Securities Collateral by the Collateral Agent or any other Secured Party expressly for use therein. Each Pledgor Guarantor further agrees, upon such written request referred to above, to use its best commercially reasonable efforts to qualify, file or register, or cause the issuer of such Pledged Securities Collateral to qualify, file or register, any of the Pledged Securities Collateral under the Blue Sky or other securities laws of such regions, nations, states or provinces as may be reasonably requested by the Collateral Agent and keep effective, or cause to be kept effective, all such qualifications, filings or registrations. Each Pledgor Guarantor will bear all costs and expenses of carrying out its obligations under this Section 124.04. Each Pledgor Guarantor acknowledges that there is no adequate remedy at law for failure by it to comply with the provisions of this Section 12 4.04 only and that such failure would not be adequately compensable in damagesdamages and, and therefore therefore, agrees that its agreements contained in this Section 12 4.04 may be specifically enforced.
Appears in 2 contracts
Samples: Guarantee and Pledge Agreement (BCP Crystal Holdings Ltd. 2), Guarantee and Pledge Agreement (Celanese CORP)
Registration, etc. Each Pledgor agrees that, upon the occurrence (a) If there shall have occurred and during the continuance of be continuing an Event of Default hereunderthen, if for and in every such case, upon receipt by the Pledgor from the Pledgee a written request or requests that the Pledgor cause any reason the Collateral Agent desires registration, qualification or compliance under any Federal or state securities law or laws to sell be effected with respect to all or any part of the Pledged Securities of Securities, Limited Liability Company Interests or Partnership Interests of, or owned by, the Borrower Pledgor, the Pledgor as soon as practicable and at a public sale, it will, at any time its expense will cause such registration to be declared effected (and from time be kept effective) and will cause such qualification and compliance to time, upon be declared effected (and be kept effective) as may be so requested and as would permit or facilitate the written request of the Collateral Agent, use its best efforts to take or to cause the issuer sale and distribution of such Pledged Securities to take such action and prepareCollateral, distribute and/or file such documents, as are required or advisable in the reasonable opinion of counsel for the Collateral Agent to permit the public sale of such Pledged Securities. Each Pledgor further agrees to indemnify, defend and hold harmless the Collateral Agent, each other Secured Party, any underwriter and their respective officers, directors, affiliates and controlling persons from and against all loss, liability, expenses, costs of counsel (including, without limitation, reasonable fees registration under the Securities Act, as then in effect (or any similar statute then in effect), appropriate qualifications under applicable blue sky or other state securities laws and expenses appropriate compliance with any other governmental requirements; provided, that the Pledgee shall furnish to the Collateral Agent Pledgor such information regarding the Pledgee as the Pledgor may reasonably request in writing and as shall be required in connection with any such registration, qualification or compliance. The Pledgor will cause the Pledgee to be kept reasonably advised in writing as to the progress of legal counsel)each such registration, qualification or compliance and as to the completion thereof, will furnish to the Pledgee such number of prospectuses, offering circulars or other documents incident thereto as the Pledgee from time to time may reasonably request, and claims will indemnify the Pledgee, each other Secured Creditor and all others participating in the distribution of such Collateral against all claims, losses, damages and liabilities caused by any untrue statement (including the costs of investigation) that they may incur insofar as such loss, liability, expense or claim arises out of or is based upon any alleged untrue statement statement) of a material fact contained in any prospectus therein (or any amendment or supplement thereto) or in any related registration statement, notification or offering circular, the like) or arises out of by any omission (or is based upon any alleged omission omission) to state therein (or in any related registration statement, notification or the like) a material fact required to be stated therein or necessary to make the statements in any thereof therein not misleading, except insofar as the same may have been caused by any an untrue statement or omission based upon information furnished in writing to such the Pledgor or the issuer of such Pledged Securities by the Collateral Agent Pledgee or any such other Secured Party Creditor expressly for use therein. Each Pledgor further agrees.
(b) If at any time when the Pledgee shall determine to exercise its right to sell all or any part of the Collateral consisting of Securities, upon Limited Liability Company Interests or Partnership Interests pursuant to Section 7 hereof, and the Collateral or the part thereof to be sold shall not, for any reason whatsoever, be effectively registered under the Securities Act, as then in effect, the Pledgee may, in its sole and absolute discretion, sell such written request referred to aboveCollateral, to use its best efforts to qualify, file or registeras the case may be, or cause part thereof by private sale in such manner and under such circumstances as the issuer Pledgee may deem reasonably necessary or advisable in order that such sale may legally be effected without such registration. Without limiting the generality of the foregoing, in any such event the Pledgee, in its sole and absolute discretion (i) may proceed to make such private sale notwithstanding that a registration statement for the purpose of registering such Collateral or part thereof shall have been filed under such Securities Act, (ii) may approach and negotiate with a single possible purchaser to effect such sale, and (iii) may restrict such sale to a purchaser who will represent and agree that such purchaser is purchasing for its own account, for investment, and not with a view to the distribution or sale of such Pledged Securities to qualifyCollateral or part thereof. In the event of any such sale, file the Pledgee shall incur no responsibility or register, liability for selling all or any part of the Pledged Securities Collateral at a price which the Pledgee, in its sole and absolute discretion, in good faith deems reasonable under the Blue Sky or other securities laws of such states circumstances, notwithstanding the pxxxxxxxxxx that a substantially higher price might be realized if the sale were deferred until after registration as may be requested by the Collateral Agent and keep effective, or cause to be kept effective, all such qualifications, filings or registrations. Each Pledgor will bear all costs and expenses of carrying out its obligations under this Section 12. Each Pledgor acknowledges that there is no adequate remedy at law for failure by it to comply with the provisions of this Section 12 and that such failure would not be adequately compensable in damages, and therefore agrees that its agreements contained in this Section 12 may be specifically enforcedaforesaid.
Appears in 1 contract
Samples: Pledge Agreement (Town Sports International Holdings Inc)
Registration, etc. Each Pledgor agrees that, upon the occurrence (a) If there shall have occurred and during the continuance of an be continuing (i) a Bankruptcy Default or Notified Acceleration Event or (ii) any other Event of Default hereunderor Acceleration Event, if for but in the case of this clause (ii) only to the extent the Required Secured Creditors have so directed them, then in either such case, upon receipt by the Pledgor from the Pledgee of a written request or requests that the Pledgor cause any reason the Collateral Agent desires registration, qualification or compliance under any Federal or state securities law or laws to sell be effected with respect to all or any part of the Pledged Securities of Stock (it being understood that the Borrower Pledgee shall not under any circumstances be required to make such request), the Pledgor as soon as practicable and at a public sale, it will, at any time and from time to time, upon the written request of the Collateral Agent, its expense will use its best efforts to take cause such registration to be effected (and be kept effective) as may be so requested and as would permit or to cause facilitate the issuer sale and distribution of such Pledged Securities to take such action and prepareStock, distribute and/or file such documents, as are required or advisable in the reasonable opinion of counsel for the Collateral Agent to permit the public sale of such Pledged Securities. Each Pledgor further agrees to indemnify, defend and hold harmless the Collateral Agent, each other Secured Party, any underwriter and their respective officers, directors, affiliates and controlling persons from and against all loss, liability, expenses, costs of counsel (including, without limitation, reasonable fees registration under the Securities Act of 1933, as then in effect (or any similar statute then in effect), appropriate qualifications under applicable blue sky or other state securities laws and expenses appropriate compliance with any other governmental requirements, provided that the Pledgee shall furnish to the Collateral Agent Pledgor such information regarding the Pledgee as the Pledgor may reasonably request in writing and as shall be required in connection with any such registration, qualification or compliance. The Pledgor will cause the Pledgee to be kept reasonably advised in writing as to the progress of legal counsel)each such registration, qualification or compliance and as to the completion thereof, will furnish to the Pledgee such number of prospectuses, offering circulars or other documents incident thereto as the Pledgee from time to time may reasonably request, and claims will indemnify the Pledgee and all others participating in the distribution of such Pledged Stock against all claims, losses, damages and liabilities caused by any untrue statement (including the costs of investigation) that they may incur insofar as such loss, liability, expense or claim arises out of or is based upon any alleged untrue statement statement) of a material fact contained in any prospectus therein (or any amendment or supplement thereto) or in any related registration statement, notification or offering circular, the like) or arises out of by any omission (or is based upon any alleged omission omission) to state therein (or in any related registration statement, notification or the like) a material fact required to be stated therein or necessary to make the statements in any thereof therein not misleading, except insofar as the same may have been caused by any an untrue statement or omission based upon information furnished in writing to such the Pledgor or the issuer of such Pledged Securities by the Collateral Agent or any other Secured Party Pledgee expressly for use therein.
(b) If any an time when the Pledgee shall determine to exercise its right to sell all or any part of the Pledged Stock pursuant to Section 7, and such Pledged Stock or the part thereof to be sold shall not, for any reason whatsoever, be effectively registered under the Securities Act of 1933, as then in effect, the Pledgee may, in its sole and absolute discretion, sell such Pledged Stock or part thereof by private sale in such manner and under such circumstances as Pledgee may deem necessary or advisable in order that such sale may legally be effected without such registration. Each Pledgor further agreesWithout limiting the generality of the foregoing, upon in any such written request referred event the Pledgee, in its sole and absolute discretion (i) may proceed to abovemake such private sale notwithstanding that a registration statement for the purpose of registering such Pledged Stock or part thereof shall have been filed under such Securities Act, (ii) may approach and negotiate with a single possible purchaser to use effect such sale, and (iii) may restrict such sale to a purchaser who will represent and agree that such purchaser is purchasing for its best efforts own account, for investment, and not with a view to qualify, file the distribution or register, or cause the issuer sale of such Pledged Securities to qualifyStock or part thereof. In the event of any such sale, file the Pledgee shall incur no responsibility or register, liability for selling all or any part of the Pledged Securities Stock at a price which the Pledgee, in its sole and absolute discretion, may in good faitx xxxx xxxsonable under the Blue Sky or other securities laws of such states circumstances, notwithstanding the possibility that a substantially higher price might be realized if the sale were deferred until after registration as may be requested by the Collateral Agent and keep effective, or cause to be kept effective, all such qualifications, filings or registrations. Each Pledgor will bear all costs and expenses of carrying out its obligations under this Section 12. Each Pledgor acknowledges that there is no adequate remedy at law for failure by it to comply with the provisions of this Section 12 and that such failure would not be adequately compensable in damages, and therefore agrees that its agreements contained in this Section 12 may be specifically enforcedaforesaid.
Appears in 1 contract
Registration, etc. Each Pledgor agrees that, upon the occurrence and during the continuance of (a) If an Event of Default hereundershall have occurred and be continuing and the Pledgor shall have received from the Pledgee a written request or requests that the Pledgor cause any registration, if for qualification or compliance under any reason the Collateral Agent desires Federal or state securities law or laws to sell be effected with respect to all or any part of the Pledged Securities of Stock, the Borrower Pledgor as soon as practicable and at a public sale, it will, at any time and from time to time, upon the written request of the Collateral Agent, its expense will use its best reasonable efforts to take or cause such registration to be effected (and be kept effective) and will use its reasonable efforts to cause such qualification and compliance to be effected (and be kept effective) as may be so requested and as would permit or facilitate the issuer sale and distribution of such Pledged Securities to take such action and prepareStock, distribute and/or file such documents, as are required or advisable in the reasonable opinion of counsel for the Collateral Agent to permit the public sale of such Pledged Securities. Each Pledgor further agrees to indemnify, defend and hold harmless the Collateral Agent, each other Secured Party, any underwriter and their respective officers, directors, affiliates and controlling persons from and against all loss, liability, expenses, costs of counsel (including, without limitation, reasonable fees registration under the Securities Act of 1933 as then in effect (or any similar statute then in effect), appropriate qualifications under applicable blue sky or other state securities laws and expenses appropriate compliance with any other government requirements; PROVIDED, that the Pledgee shall furnish to the Collateral Agent Pledgor such information regarding the Pledgee as the Pledgor may request in writing and as shall be required in connection with any such registration, qualification or compliance. The Pledgor will cause the Pledgee to be kept reasonably advised in writing as to the progress of legal counsel)each such registration, qualification or compliance and as to the completion thereof, will furnish to the Pledgee such number of prospectuses, offering circulars or other documents incident thereto as the Pledgee from time to time may reasonably request, and claims will indemnify the Pledgee, each other Secured Creditor and all others participating in the distribution of the Pledged Stock against all claims, losses, damages and liabilities caused by any untrue statement (including the costs of investigation) that they may incur insofar as such loss, liability, expense or claim arises out of or is based upon any alleged untrue statement statement) of a material fact contained in any prospectus therein (or any amendment or supplement thereto) or in any related registration statement, notification or offering circular, the like) or arises out of by any omission (or is based upon any alleged omission omission) to state therein (or in any related registration statement, notification or the like) a material fact required to be stated therein or necessary to make the statements therein in any thereof light of the circumstances under which made, not misleading, except insofar as the same may have been caused by any an untrue statement or omission based upon information furnished in writing to the Pledgor by the Pledgee or such Pledgor other Secured Creditor expressly for use therein.
(b) If at any time when the Pledgee shall determine to exercise its right to sell all or any part of the Pledged Securities pursuant to Section 7 hereof, such Pledged Securities or the issuer part thereof to be sold shall not, for any reason whatsoever, be effectively registered under the Securities Act of 1933, as then in effect, the Pledgee may, in its sole and absolute discretion, sell such Pledged Securities or part thereof by private sale in such manner and under such circumstances as the Pledgee may deem necessary or advisable in order that such sale may legally be effected without such registration; PROVIDED, that at least 10 days' notice of the time and place of any such sale shall be given to the Pledgor. Without limiting the generality of the foregoing, in any such event the Pledgee, in its sole and absolute discretion: (i) may proceed to make such private sale notwithstanding that a registration statement for the purpose of registering such Pledged Securities or part thereof shall have been filed under such Securities Act; (ii) may approach and negotiate with a single possible purchaser to effect such sale; and (iii) may restrict such sale to a purchaser who will represent and agree that such purchaser is purchasing for its own account, for investment, and not with a view to the distribution or sale of such Pledged Securities by or part thereof. In the Collateral Agent event of any such sale, the Pledgee shall incur no responsibility or liability for selling all or any other Secured Party expressly for use therein. Each Pledgor further agrees, upon such written request referred to above, to use its best efforts to qualify, file or register, or cause the issuer of such Pledged Securities to qualify, file or register, any part of the Pledged Securities at a price which the Pledgee, in its sole and absolute discretion, may in good xxxxx xxxx reasonable under the Blue Sky or other securities laws of such states circumstances, notwithstanding the possibility that a substantially higher price might be realized if the sale were deferred until after registration as may be requested by the Collateral Agent and keep effective, or cause to be kept effective, all such qualifications, filings or registrations. Each Pledgor will bear all costs and expenses of carrying out its obligations under this Section 12. Each Pledgor acknowledges that there is no adequate remedy at law for failure by it to comply with the provisions of this Section 12 and that such failure would not be adequately compensable in damages, and therefore agrees that its agreements contained in this Section 12 may be specifically enforcedaforesaid.
Appears in 1 contract
Samples: Revolving Credit and Term Loan Agreement (Amerus Life Holdings Inc)
Registration, etc. Each Pledgor Grantor agrees that, upon the occurrence and during the continuance of an Event of Default hereunder, if for any reason the Collateral Agent desires to sell any of the Pledged Securities of the Borrower at a public sale, it will, at any time and from time to time, upon the written request of the Collateral Agent, use its best efforts to take or to cause the issuer of such Pledged Securities to take such action and to prepare, distribute and/or file such documents, as are required or advisable in the reasonable opinion of counsel for the Collateral Agent to permit the public sale of such Pledged Securities. Each Pledgor Grantor further agrees to indemnify, defend and hold harmless the Collateral Agent, each other Secured Party, The Chase Manhattan Bank and the Lenders and any underwriter and their respective officers, directors, affiliates and controlling persons (within the meaning of Section 20 of the Securities Exchange Act of 1934) from and against all loss, liability, expenses, costs costs, fees and disbursements of counsel (including, without limitation, a reasonable fees and expenses estimate of the cost to the Collateral Agent of legal counsel), and claims (including the costs of investigation) that which they may incur insofar as such loss, liability, expense or claim arises out of or is based upon any alleged untrue statement of a material fact contained in any prospectus (or any amendment or supplement thereto) or in any notification or 8 9 offering circular, or arises out of or is based upon any alleged omission to state a material fact required to be stated therein or necessary to make the statements in any thereof not misleading, except insofar as the same may have been caused by arises out of any untrue statement or omission based upon information furnished in writing to such Pledgor the applicable Grantor or the issuer of such Pledged Securities by the Collateral Agent Agent, The Chase Manhattan Bank, any Lender or any other Secured Party the underwriter expressly for use therein. The Agent (with respect to such information furnished by it), The Chase Manhattan Bank (with respect to such information furnished by it) or such Lender (with respect to such information furnished by it) shall indemnify, defend and hold harmless the Grantor or the issuer of such Pledged Securities and their respective officers, directors, affiliates and controlling persons (within the meaning of Section 20 of the Securities Exchange Act of 1934) upon the same terms as are applicable to the Grantor pursuant hereto. Each Pledgor Grantor further agrees, upon such written request referred to above, agrees to use its best efforts to qualify, file or register, or cause the issuer of such Pledged Securities to qualify, file or register, any of the Pledged Securities under the Blue Sky or other securities laws of such states as may be requested by the Collateral Agent and keep effective, or cause to be kept effective, all such qualifications, filings or registrations. Each Pledgor Grantor will bear all costs and expenses of carrying out its obligations under this Section 12. Each Pledgor Grantor acknowledges that there is no adequate remedy at law for failure by it to comply with the provisions of this Section 12 and that such failure would not be adequately compensable in damages, and therefore agrees that its agreements contained in this Section 12 may be specifically enforced.
Appears in 1 contract
Registration, etc. Each Pledgor agrees that, upon the occurrence and during the continuance of an Event of Default hereunder, if for any reason the Collateral Agent desires to sell any of the Pledged Securities of the Borrower at a public sale, it will, at any time and from time to time, upon the written request of the Collateral Agent, use its best efforts to take or to cause the issuer of such Pledged Securities to take such action and prepare, distribute and/or file such documents, as are required or advisable in the reasonable opinion of counsel for the Collateral Agent to permit the public sale of such Pledged Securities. Each Pledgor further agrees to indemnify, defend and hold harmless the Collateral Agent, each other Secured Party, any underwriter and their respective officers, directors, affiliates and controlling persons from and against all loss, liability, expenses, costs of counsel (including, without limitation, reasonable fees and expenses to the Collateral Agent of legal counsel), and claims (including the costs of investigation) that they may incur insofar as such loss, liability, expense or claim arises out of or is based upon any alleged untrue statement of a material fact contained in any prospectus (or any amendment or supplement thereto) or in any notification or offering circularcircular prepared by or based on information provided by the Pledgor or its agents, employees, consultants or contractors, or arises out of or is based upon any alleged omission to state a material fact required to be stated therein or necessary to make the statements in any thereof not misleading, except insofar as the same may have been caused by any untrue statement or omission based upon information furnished in writing to such Pledgor or the issuer of such Pledged Securities by the Collateral Agent or any other Secured Party expressly for use therein. Each Pledgor further agrees, upon such written request referred to above, to use its best efforts to qualify, file or register, or cause the issuer of such Pledged Securities to qualify, file or register, any of the Pledged Securities under the Blue Sky or other securities laws of such states as may be reasonably requested by the Collateral Collat eral Agent and keep effective, or cause to be kept effective, all such qualifications, filings or registrationsregis trations. Each Pledgor will bear all costs and expenses of carrying out its obligations under this Section 12. Each Pledgor acknowledges that there is no adequate remedy at law for failure by it to comply with the provisions of this Section 12 and that such failure would not be adequately compensable in damages, and therefore agrees that its agreements contained in this Section 12 may be specifically enforced.
Appears in 1 contract
Samples: Pledge Agreement (Catalytica Inc)
Registration, etc. Each The Pledgor agrees that, upon the ------------------ occurrence and during the continuance of an Event of Default hereunder, if for any reason the Collateral Agent desires to sell any of the Pledged Securities of the Borrower Stock at a public sale, it will, at any time and from time to time, upon the written request of the Collateral Agent, use its best efforts to take or to cause the issuer of such Pledged Securities Stock to take such action and prepare, distribute and/or file such documents, as are required or advisable in the reasonable opinion of counsel for the Collateral Agent to permit the public sale of such Pledged SecuritiesStock. Each The Pledgor further agrees to indemnify, defend and hold harmless the Collateral Agent, each other Secured Party, any underwriter and their respective officers, directors, affiliates and controlling persons from and against all loss, liability, expenses, costs of counsel (including, without limitation, reasonable fees and expenses to the Collateral Agent of legal counsel), and claims (including the costs of investigation) that they may incur insofar as such loss, liability, expense or claim arises out of or is based upon any alleged untrue statement of a material fact contained in any prospectus (or any amendment or supplement thereto) or in any notification or offering circular, or arises out of or is based upon any alleged omission to state a material fact required to be stated therein or necessary to make the statements in any thereof not misleading, except insofar as the same may have been caused by any untrue statement or omission based upon information furnished in writing to such the Pledgor or the issuer of such Pledged Securities Stock by the Collateral Agent or any other Secured Party expressly for use therein. Each The Pledgor further agrees, upon such written request referred to above, to use its best efforts to qualify, file or register, or cause the issuer of such Pledged Securities Stock to qualify, file or register, any of the Pledged Securities Stock under the Blue Sky or other securities laws of such states as may be requested by the Collateral Agent and keep effective, or cause to be kept effective, all such qualifications, filings or registrations. Each The Pledgor will bear all costs and expenses of carrying out its obligations under this Section 12. Each The Pledgor acknowledges that there is no adequate remedy at law for failure by it to comply with the provisions of this Section 12 and that such failure would not be adequately compensable in damages, and therefore agrees that its agreements contained in this Section 12 may be specifically enforced.
Appears in 1 contract
Registration, etc. Each Pledgor agrees that, upon the occurrence and during the continuance of an Event of Default hereunder, if for any reason the Collateral Agent desires to sell any of the Pledged Securities of the Borrower at a public sale, it will, at any time and from time to time, upon the written request of the Collateral Agent, use its best efforts to take or to cause the issuer of such Pledged Securities to take such action and prepare, distribute and/or file such documents, as are required or advisable in the reasonable opinion of counsel for the Collateral Agent to permit the public sale of such Pledged Securities. Each Pledgor further agrees to indemnify, defend and hold harmless the Collateral Agent, each other Secured Party, any underwriter and their respective officers, directors, affiliates and controlling persons from and against all loss, liability, expenses, costs of counsel (including, without limitation, reasonable fees and expenses to the Collateral Agent of legal counsel), and claims (including the costs of investigation) that they may incur insofar as such loss, liability, expense or claim arises out of or is based upon any alleged untrue statement of a material fact contained in any prospectus (or any amendment or supplement thereto) or in any notification or offering circular, or arises out of or is based upon any alleged omission to state a material fact required to be stated therein or necessary to make the statements in any thereof not misleading, except insofar as the same may have been caused by any untrue statement or omission based upon information furnished in writing to such Pledgor or the issuer of such Pledged Securities by the Collateral Agent or any other Secured Party expressly for use therein. Each Pledgor further agrees, upon such written request referred to above, to use its best efforts to qualify, file or register, or cause the issuer of such Pledged Securities to qualify, file or register, any of the Pledged Securities under the Blue Sky or other securities laws of such states as may be requested by the Collateral Agent and keep effective, or cause to be kept effective, all such qualifications, filings or registrations. Each Pledgor will bear all costs and expenses of carrying out its obligations under this Section 12. Each Pledgor acknowledges that there is no adequate remedy at law for failure by it to comply with the provisions of this Section 12 and that such failure would not be adequately compensable in damages, and therefore agrees that its agreements contained in this Section 12 may be specifically enforced.
Appears in 1 contract
Registration, etc. Each Pledgor agrees that, upon the occurrence and during the continuance of (a) If an Event of Default hereundershall have occurred and be continuing and the REIT shall have received from the Pledgee a written request or requests that the REIT cause any registration, if for qualification or compliance under any reason the Collateral Agent desires Federal or state securities law or laws to sell be effected with respect to all or any part of the Pledged Securities Stock of the Borrower and the REIT as soon as practicable and at a public sale, it will, at any time and from time to time, upon the written request of the Collateral Agent, their expense will use its their best efforts to take or cause such registration to be effected (and be kept effective) and will use their best efforts to cause such qualification and compliance to be effected (and be kept effective) as may be so requested and as would permit or facilitate the issuer sale and distribution of such Pledged Securities to take such action and prepareStock, distribute and/or file such documents, as are required or advisable in the reasonable opinion of counsel for the Collateral Agent to permit the public sale of such Pledged Securities. Each Pledgor further agrees to indemnify, defend and hold harmless the Collateral Agent, each other Secured Party, any underwriter and their respective officers, directors, affiliates and controlling persons from and against all loss, liability, expenses, costs of counsel (including, without limitation, reasonable fees registration under the Securities Act as then in effect (or any similar statute then in effect), appropriate qualifications under applicable blue sky or other state securities laws and expenses appropriate compliance with any other government requirements; provided, that the Pledgee shall furnish to the Collateral Agent REIT such information regarding the Pledgee as the REIT may request in writing and as shall be required in connection with any such registration, qualification or compliance. The REIT will cause the Pledgee to be kept reasonably advised in writing as to the progress of legal counsel)each such registration, qualification or compliance and as to the completion thereof, will furnish to the Pledgee such number of prospectuses, offering circulars or other documents incident thereto as the Pledgee from time to time may reasonably request, and claims will indemnify the Pledgee, each other Secured Creditor and all others participating in the distribution of such Pledged Stock against all claims, losses, damages and liabilities caused by any untrue statement (including the costs of investigation) that they may incur insofar as such loss, liability, expense or claim arises out of or is based upon any alleged untrue statement statement) of a material fact contained in any prospectus therein (or any amendment or supplement thereto) or in any related registration statement, notification or offering circular, the like) or arises out of by any omission (or is based upon any alleged omission omission) to state therein (or in any related registration statement, notification or the like) a material fact required to be stated therein or necessary to make the statements in any thereof therein not misleading, except insofar as the same may have been caused by any an untrue statement or omission based upon information furnished in writing to the REIT by the Pledgee or such Pledgor other Secured Creditor expressly for use therein.
(b) If at any time when the Pledgee shall determine to exercise its right to sell all or any part of the Pledged Securities pursuant to Section 7 hereof, the Pledged Securities or the issuer part thereof to be sold shall not, for any reason whatsoever, be effectively registered under the Securities Act, as then in effect, the Pledgee may, in its sole and absolute discretion, sell such Pledged Securities or part thereof by private sale in such manner and under such circumstances as the Pledgee may deem necessary or advisable in order that such sale may legally be effected without such registration; provided, that at least 10 days' prior notice of the time and place of any such sale shall be given to such Pledgor. Without limiting the generality of the foregoing, in any such event the Pledgee, in its sole and absolute discretion and subject to compliance with any applicable securities laws: (i) may proceed to make such private sale notwithstanding that a registration statement for the purpose of registering such Pledged Securities or part thereof shall have been filed under such Securities Act; (ii) may approach and negotiate with a single possible purchaser to effect such sale; and (iii) may restrict such sale to a purchaser who will represent and agree that such purchaser is purchasing for its own account, for investment, and not with a view to the distribution or sale of such Pledged Securities by or part thereof. In the Collateral Agent event of any such sale, the Pledgee and the other Secured Creditors shall incur no responsibility or liability for selling all or any other Secured Party expressly for use therein. Each Pledgor further agrees, upon such written request referred to above, to use its best efforts to qualify, file or register, or cause the issuer of such Pledged Securities to qualify, file or register, any part of the Pledged Securities at a price which the Pledgee, in its sole and absolute discretion, may in good xxxxx xxxx reasonable under the Blue Sky or other securities laws of such states circumstances, notwithstanding the possibility that a substantially higher price might be realized if the sale were deferred until after registration as may be requested by the Collateral Agent and keep effective, or cause to be kept effective, all such qualifications, filings or registrations. Each Pledgor will bear all costs and expenses of carrying out its obligations under this Section 12. Each Pledgor acknowledges that there is no adequate remedy at law for failure by it to comply with the provisions of this Section 12 and that such failure would not be adequately compensable in damages, and therefore agrees that its agreements contained in this Section 12 may be specifically enforcedaforesaid.
Appears in 1 contract
Samples: Credit Agreement (Eldertrust)
Registration, etc. Each Pledgor agrees that, upon the occurrence and during the continuance of (a) If an Event of Default hereundershall have occurred and be continuing and any Pledgor shall have received from the Pledgee a written request or requests that such Pledgor cause any registration, if for qualification or compliance under any reason the Collateral Agent desires Federal or state securities law or laws to sell be effected with respect to all or any part of the Pledged Securities of the Borrower Stock, such Pledgor as soon as practicable and at a public sale, it will, at any time and from time to time, upon the written request of the Collateral Agent, its expense will use its best efforts to take or cause such registration to be effected (and be kept effective) and will use its best efforts to cause such qualification and compliance to be effected (and be kept effective) as may be so requested and as would permit or facilitate the issuer sale and distribution of such Pledged Securities to take such action and prepareStock, distribute and/or file such documents, as are required or advisable in the reasonable opinion of counsel for the Collateral Agent to permit the public sale of such Pledged Securities. Each Pledgor further agrees to indemnify, defend and hold harmless the Collateral Agent, each other Secured Party, any underwriter and their respective officers, directors, affiliates and controlling persons from and against all loss, liability, expenses, costs of counsel (including, without limitation, reasonable fees registration under the Securities Act, as then in effect (or any similar statute then in effect), appropriate qualifications under applicable blue sky or other state securities laws and expenses appropriate compliance with any other governmental requirements, provided that the Pledgee shall furnish to such Pledgor such information regarding the Pledgee as such Pledgor may request in writing and as shall be required in connection with any such registration, qualification or compliance. Each Pledgor will cause the Pledgee to be kept reasonably advised in writing as to the Collateral Agent progress of legal counsel)each such registration, qualification or compliance and as to the completion thereof, will furnish to the Pledgee such number of prospectuses, offering circulars and other documents incident thereto as the Pledgee from time to time may reasonably request, and claims will indemnify, to the extent permitted by law, the Pledgee, each other Secured Creditor and all others participating in the distribution of such Pledged Stock against all claims, losses, damages or liabilities caused by any untrue statement (including the costs of investigation) that they may incur insofar as such loss, liability, expense or claim arises out of or is based upon any alleged untrue statement statement) of a material fact contained in any prospectus therein (or any amendment or supplement thereto) or in any related registration statement, notification or offering circular, the like) or arises out of by any omission (or is based upon any alleged omission omission) to state therein (or in any related registration statement, notification or the like) a material fact required to be stated therein or necessary to make the statements in any thereof therein not misleading, except insofar as the same may have been caused by any an untrue statement or omission based upon information furnished in writing to such Pledgor by the Pledgee or such other Secured Creditor expressly for use therein.
(b) If at any time when the Pledgee shall determine to exercise its right to sell all or any part of the Pledged Securities pursuant to Section 7, and such Pledged Securities or the issuer part thereof to be sold shall not, for any reason whatsoever, be effectively registered under the Securities Act, as then in effect, the Pledgee may, in its sole and absolute discretion, sell such Pledged Securities or part thereof by private sale in such manner and under such circumstances as the Pledgee may deem necessary or advisable in order that such sale may legally be effected without such registration. Without limiting the generality of the foregoing, in any such event the Pledgee, in its sole and absolute discretion, (i) may proceed to make such private sale notwithstanding that a registration statement for the purpose of registering such Pledged Securities or part thereof shall have been filed under such Securities Act, (ii) may approach and negotiate with a single possible purchaser to effect such sale and (iii) may restrict such sale to a purchaser who will represent and agree that such purchaser is purchasing for its own account, for investment, and not with a view to the distribution or sale of such Pledged Securities by or part thereof. In the Collateral Agent event of any such sale, the Pledgee shall incur no responsibility or liability for selling all or any other Secured Party expressly for use therein. Each Pledgor further agrees, upon such written request referred to above, to use its best efforts to qualify, file or register, or cause the issuer of such Pledged Securities to qualify, file or register, any part of the Pledged Securities at a price which the Pledgee, in its sole and absolute discretion, may in good fxxxx xxxx reasonable under the Blue Sky or other securities laws of such states circumstances, notwithstanding the possibility that a substantially higher price might be realized if the sale were deferred until the registration as may be requested by the Collateral Agent and keep effective, or cause to be kept effective, all such qualifications, filings or registrations. Each Pledgor will bear all costs and expenses of carrying out its obligations under this Section 12. Each Pledgor acknowledges that there is no adequate remedy at law for failure by it to comply with the provisions of this Section 12 and that such failure would not be adequately compensable in damages, and therefore agrees that its agreements contained in this Section 12 may be specifically enforcedaforesaid.
Appears in 1 contract
Registration, etc. Each Pledgor The Grantor agrees that, upon the occurrence and during the continuance of an Event of Default hereunderDefault, if for any reason the Collateral Agent Lender desires to sell any of the Pledged Securities of the Borrower at a public sale, it will, at any time and from time to time, upon the written request of the Collateral AgentLender, use its best efforts to take or to cause the issuer of such Pledged Securities to take such action and to prepare, distribute and/or file such documents, as are required or advisable in the reasonable opinion of counsel for the Collateral Agent Lender to permit the public sale of such Pledged Securities. Each Pledgor The Grantor further agrees to indemnify, defend and hold harmless the Collateral AgentLender, each other Secured Party, any member of the Lender Group (as defined in the LSA) and any underwriter and their respective officers, directors, affiliates and controlling persons (within the meaning of Section 20 of the Securities Exchange Act of 1934) from and against all loss, liability, expenses, costs costs, fees and disbursements of counsel (including, without limitation, a reasonable fees and expenses estimate of the cost to the Collateral Agent Lender of legal counsel), and claims (including the costs of investigation) that which they may incur insofar as such loss, liability, expense or claim arises out of or is based upon any alleged untrue statement of a material fact contained in any prospectus (or any amendment or supplement thereto) or in any notification or offering circular, or arises out of or is based upon any alleged omission to state a material fact required to be stated therein or necessary to make the statements in any thereof not misleading, except insofar in so far as the same may have been caused by arises out of any untrue statement or omission based upon information furnished in writing to such Pledgor the Grantor or the issuer of such Pledged Securities by the Collateral Agent Lender, any member of the Lender Group or any other Secured Party the underwriter expressly for use therein. Each Pledgor The Lender (with respect to such information furnished by it) shall indemnify, defend and hold harmless the Grantor or the issuer of such Pledged Securities and their respective officers, directors, affiliates and controlling persons (within the meaning of Section 20 of the Securities Exchange Act of1934) upon the same terms as are applicable to the Grantor pursuant hereto. The Grantor further agrees, upon such written request referred to above, agrees to use its best efforts to qualify, file or register, or cause the issuer of such Pledged Securities to qualify, file or register, any of the Pledged Securities under the Blue Sky or other securities laws of such states as may be requested by the Collateral Agent Lender upon the occurrence and during the continuance of an Event of Default and keep effective, or cause to be kept effective, all such qualifications, filings or registrations. Each Pledgor The Grantor will bear all costs and expenses of carrying out its obligations under this Section 1211. Each Pledgor The Grantor acknowledges that there is no adequate remedy at law for failure by it to comply with the provisions of this Section 12 11 and that such failure such30997105.WPD 10failure would not be adequately compensable in damages, and therefore agrees that its agreements contained in this Section 12 11 may be specifically enforced.
Appears in 1 contract
Registration, etc. Each Pledgor agrees that, upon the occurrence and during the continuance of (a) If an Event of Default hereundershall have occurred and be continuing and any Pledgor shall have received from the Pledgee a written request or requests that such Pledgor cause any registration, if for qualification or compliance under any reason the Collateral Agent desires Federal or state securities law or laws to sell be effected with respect to all or any part of the Pledged Securities of the Borrower Stock, such Pledgor as soon as practicable and at a public sale, it will, at any time and from time to time, upon the written request of the Collateral Agent, its expense will use its best efforts to take or cause such registration to be effected (and be kept effective) and will use its best efforts to cause such qualification and compliance to be effected (and be kept effective) as may be so requested and as would permit or facilitate the issuer sale and distribution of such Pledged Securities to take such action and prepareStock, distribute and/or file such documents, as are required or advisable in the reasonable opinion of counsel for the Collateral Agent to permit the public sale of such Pledged Securities. Each Pledgor further agrees to indemnify, defend and hold harmless the Collateral Agent, each other Secured Party, any underwriter and their respective officers, directors, affiliates and controlling persons from and against all loss, liability, expenses, costs of counsel (including, without limitation, reasonable fees registration under the Securities Act of 1933 as then in effect (or any similar statute then in effect), appropriate qualifications under applicable blue sky or other state securities laws and expenses appropriate compliance with any other government requirements; provided, that the Pledgee shall furnish to such Pledgor such information regarding the Pledgee as such Pledgor may request in writing and as shall be required in connection with any such registration, qualification or compliance. Such Pledgor will cause the Pledgee to be kept reasonably advised in writing as to the Collateral Agent progress of legal counsel)each such registration, qualification or compliance and as to the completion thereof, will furnish to the Pledgee such number of prospectuses, offering circulars or other documents incident thereto as the Pledgee from time to time may reasonably request, and claims will indemnify the Pledgee and all others participating in the distribution of the Pledged Stock against all claims, losses, damages and liabilities caused by any untrue statement (including the costs of investigation) that they may incur insofar as such loss, liability, expense or claim arises out of or is based upon any alleged untrue statement statement) of a material fact contained in any prospectus therein (or any amendment or supplement thereto) or in any related registration statement, notification or offering circular, the like) or arises out of by any omission (or is based upon any alleged omission omission) to state therein (or in any related registration statement, notification or the like) a material fact required to be stated therein or necessary to make the statements in any thereof therein not misleading, except insofar as the same may have been caused by any an untrue statement or omission based upon information furnished in writing to such Pledgor by the Pledgee expressly for use therein.
(b) If at any time when the Pledgee shall determine to exercise its right to sell all or any part of the Pledged Securities pursuant to Section 7, and such Pledged Securities or the issuer part thereof to be sold shall not, for any reason whatsoever, be effectively registered under the Securities Act of 1933, as then in effect, the Pledgee may, in its sole and absolute discretion, sell such Pledged Securities or part thereof by private sale in such manner and under such circumstances as the Pledgee may deem necessary or advisable in order that such sale may legally be effected without such registration. Without limiting the generality of the foregoing, in any such event the Pledgee, in its sole and absolute discretion: (i) may proceed to make such private sale notwithstanding that a registration statement for the purpose of registering such Pledged Securities or part thereof shall have been filed under such Securities Act; (ii) may approach and negotiate with a single possible purchaser to effect such sale; and (iii) may restrict such sale to a purchaser who will represent and agree that such purchaser is purchasing for its own account, for investment, and not with a view to the distribution or sale of such Pledged Securities by or part thereof. In the Collateral Agent event of any such sale, the Pledgee shall incur no responsibility or liability for selling all or any other Secured Party expressly for use therein. Each Pledgor further agrees, upon such written request referred to above, to use its best efforts to qualify, file or register, or cause the issuer of such Pledged Securities to qualify, file or register, any part of the Pledged Securities at a price which the Pledgee, in its sole and absolute discretion, may in good faitx xxxx xxxsonable under the Blue Sky or other securities laws of such states circumstances, notwithstanding the possibility that a substantially higher price might be realized if the sale were deferred until after registration as may be requested by the Collateral Agent and keep effective, or cause to be kept effective, all such qualifications, filings or registrations. Each Pledgor will bear all costs and expenses of carrying out its obligations under this Section 12. Each Pledgor acknowledges that there is no adequate remedy at law for failure by it to comply with the provisions of this Section 12 and that such failure would not be adequately compensable in damages, and therefore agrees that its agreements contained in this Section 12 may be specifically enforcedaforesaid.
Appears in 1 contract
Registration, etc. Each Pledgor agrees that, upon the occurrence and during the continuance of an Event of Default hereunder, if for any reason the Collateral Agent desires to sell any of the Pledged Securities of the Borrower at a public sale, it will, at any time and from time to time, upon the written request of the Collateral Agent, use its best efforts to take or to cause the issuer of such Pledged Securities to take such action and prepare, distribute and/or file such documents, as are required or advisable in the reasonable opinion of counsel for the Collateral Agent to permit the public sale of such Pledged Securities. Each Pledgor further agrees to indemnify, defend and hold harmless the Collateral Agent, each other Secured Party, any underwriter and their respective officers, directors, affiliates Affiliates and controlling persons Persons from and against all loss, liability, expenses, costs of counsel (including, without limitation, reasonable and documented fees and expenses to the Collateral Agent of legal counsel), ) and claims (including the costs of investigation) that they may incur insofar as such loss, liability, expense or claim arises out of or is based upon any alleged untrue statement of a material fact contained in any prospectus (or any amendment or supplement thereto) or in any notification or offering circular, or arises out of or is based upon any alleged omission to state a material fact required to be stated therein or necessary to make the statements in any thereof not misleading, except insofar as the same may have been caused by any untrue statement or omission based upon information furnished in writing to such Pledgor or the issuer of such Pledged Securities by the Collateral Agent or any other Secured Party expressly for use therein. Each Pledgor further agrees, upon such written request referred to above, to use its best efforts to qualify, file or register, or cause the issuer of such Pledged Securities to qualify, file or register, any of the Pledged Securities under the Blue Sky “blue sky” or other securities laws of such states as may be requested by the Collateral Agent and keep effective, or cause to be kept effective, all such qualifications, filings or registrations. Each Pledgor will bear all costs and expenses of carrying out its obligations under this Section 12. Each Pledgor acknowledges that there is no adequate remedy at law for failure by it to comply with the provisions of this Section 12 and that such failure would not be adequately compensable in damages, and therefore agrees that its agreements contained in this Section 12 may be specifically enforced.
Appears in 1 contract
Registration, etc. Each Pledgor agrees that, upon the occurrence (a) If there shall have occurred and during the continuance of be continuing an Event of Default hereunderthen, if for and in every such case, upon receipt by any reason Pledgor from the Collateral Agent desires Pledgee of a written request or requests that such Pledgor cause any registration, qualification or compliance under any Federal or state securities law or laws to sell be effected with respect to all or any part of the Pledged Securities Stock of the Borrower Borrower, such Pledgor as soon as practicable and at a public sale, it will, at any time its expense will cause such registration to be effected (and from time be kept effective) and will cause such qualification and compliance to time, upon be declared effected (and be kept effective) as may be so requested and as would permit or facilitate the written request of the Collateral Agent, use its best efforts to take or to cause the issuer sale and distribution of such Pledged Securities to take such action and prepareStock, distribute and/or file such documents, as are required or advisable in the reasonable opinion of counsel for the Collateral Agent to permit the public sale of such Pledged Securities. Each Pledgor further agrees to indemnify, defend and hold harmless the Collateral Agent, each other Secured Party, any underwriter and their respective officers, directors, affiliates and controlling persons from and against all loss, liability, expenses, costs of counsel (including, without limitation, reasonable fees registration under the Securities Act of 1933, as then in effect (or any similar statute then in effect), appropriate qualifications under applicable blue sky or other state securities laws and expenses appropriate compliance with any other government requirements, PROVIDED, that the Pledgee shall furnish to such Pledgor such information regarding the Pledgee as such Pledgor may reasonably request in writing and as shall be required in connection with any such registration, qualification or compliance. Such Pledgor will cause the Pledgee to be kept advised in writing as to the Collateral Agent progress of legal counsel)each such registration, qualification or compliance and as to the completion thereof, will furnish to the Pledgee such number of prospectuses, offering circulars or other documents incident thereto as the Pledgee from time to time may reasonably request, and claims will indemnify the Pledgee, each other Secured Creditor and all others participating in the distribution of such Pledged Stock against all claims, losses, damages and liabilities caused by any untrue statement (including the costs of investigation) that they may incur insofar as such loss, liability, expense or claim arises out of or is based upon any alleged untrue statement statement) of a material fact contained in any prospectus therein (or any amendment or supplement thereto) or in any related registration statement, notification or offering circular, the like) or arises out of by any omission (or is based upon any alleged omission omission) to state therein (or in any related registration statement, notification or the like) a material fact required to be stated therein or necessary to make the statements in any thereof therein not misleading, except insofar as the same may have been caused by any an untrue statement or omission based upon information furnished in writing to such Pledgor by the Pledgee or such other Secured Creditor expressly for use therein.
(b) If at any time when the Pledgee shall determine to exercise its right to sell all or any part of the Pledged Securities or Pledged Partnership Interests pursuant to Section 7 hereof, and such Pledged Securities or Pledged Partnership Interests or the issuer part thereof to be sold shall not, for any reason whatsoever, be effectively registered under the Securities Act of 1933, as then in effect, the Pledgee may, in its sole and absolute discretion, sell such Pledged Securities or Pledged Partnership Interests, as the case may be, or part thereof by private sale in such manner and under such circumstances as the Pledgee may deem necessary or advisable in order that such sale may legally be effected without such registration. Without limiting the generality of the foregoing, in any such event the Pledgee, in its sole and absolute discretion (i) may proceed to make such private sale notwithstanding that a registration statement for the purpose of registering such Pledged Securities or Pledged Partnership Interests or part thereof shall have been filed under such Securities Act, (ii) may approach and negotiate with a single possible purchaser to effect such sale, and (iii) may restrict such sale to a purchaser who will represent and agree that such purchaser is purchasing for its own account, for investment, and not with a view to the distribution or sale of such Pledged Securities by or Pledged Partnership Interests or part thereof. In the Collateral Agent event of any such sale, the Pledgee shall incur no responsibility or liability for selling all or any other Secured Party expressly for use therein. Each Pledgor further agrees, upon such written request referred to above, to use its best efforts to qualify, file or register, or cause the issuer of such Pledged Securities to qualify, file or register, any part of the Pledged Securities or Pledged Partnership Interests at a price which the Pledgee, in its sole and absolute discretion, in good xxxxx xxxxx reasonable under the Blue Sky or other securities laws of such states circumstances, notwithstanding the possibility that a substantially higher price might be realized if the sale were deferred until after registration as may be requested by the Collateral Agent and keep effective, or cause to be kept effective, all such qualifications, filings or registrations. Each Pledgor will bear all costs and expenses of carrying out its obligations under this Section 12. Each Pledgor acknowledges that there is no adequate remedy at law for failure by it to comply with the provisions of this Section 12 and that such failure would not be adequately compensable in damages, and therefore agrees that its agreements contained in this Section 12 may be specifically enforcedaforesaid.
Appears in 1 contract
Samples: Pledge Agreement (Power Ten)
Registration, etc. Each Pledgor agrees that, upon the occurrence and during the continuance of an Event of Default hereunder, if for any reason the Collateral Agent desires to sell any of the Pledged Securities of the Borrower at a public sale, it will, at any time and from time to time, upon the written request of the Collateral Agent, use its best efforts to take or to cause the issuer of such Pledged Securities to take such action and prepare, distribute and/or file such documents, as are required or advisable in the reasonable opinion of counsel for the Collateral Agent to permit the public sale of such Pledged Securities. Each Pledgor further agrees to indemnify, defend and hold harmless the Collateral Agent, each other Secured Party, any underwriter and their respective officers, directors, affiliates and controlling persons from and against all loss, liability, expenses, costs of counsel (including, without limitation, reasonable fees and expenses to the Collateral Agent of legal counsel), and claims (including the costs of investigation) that they may incur insofar as such loss, liability, expense or claim arises out of or is based upon any alleged untrue statement of or a material fact contained in any prospectus (or any amendment or supplement thereto) or in any notification or offering circular, or arises out of or is based upon any alleged omission to state a material fact required to be stated therein or necessary to make the statements in any thereof not misleading, except insofar as the same may have been caused by any untrue statement or omission based upon information furnished in writing to such Pledgor or the issuer of such Pledged Securities by the Collateral Agent or any other Secured Party expressly for use therein. Each Pledgor further agrees, upon such written request referred to above, to use its best efforts to qualify, file or register, or cause the issuer of such Pledged Securities to qualify, file or register, any of the Pledged Securities under the Blue Sky or other securities laws of such states as may be requested by the Collateral Agent and keep effective, or cause to be kept effective, all such qualifications, filings or registrations. Each Pledgor The Pledgors will bear all costs and expenses of carrying out its their obligations under this Section 12. Each Pledgor acknowledges that there is no adequate remedy at law for failure by it to comply with the provisions of this Section 12 and that such failure would not be adequately compensable in damages, and therefore agrees that its agreements contained in this Section 12 may be specifically speficically enforced.
Appears in 1 contract
Registration, etc. Each Pledgor agrees that, upon the occurrence and during the continuance of (a) If an Event of Default hereundershall have ------------------ occurred and be continuing then, if for and in every such case, upon receipt by any reason Pledgor from the Collateral Agent desires to sell any of the Pledged Securities of the Borrower at a public sale, it will, at any time and from time to time, upon the written request or requests that such Pledgor cause any registration, qualification or compliance under any Federal or state securities law or laws to be effected with respect to all or any part of the Collateral Agentconsisting of Stock, use Limited Liability Company Interests or Partnership Interests, such Pledgor as soon as practicable and at its best efforts expense will cause such registration to take be effected (and be kept effective) and will cause such qualification and compliance to be declared effected (and be kept effective) as may be so requested and as would permit or to cause facilitate the issuer sale and distribution of such Pledged Collateral, including, without limitation, registration under the Securities to take such action and prepare, distribute and/or file such documentsAct, as are then in effect (or any similar statute then in effect), appropriate qualifications under applicable blue sky or other state securities laws and appropriate compliance with any other government requirements, provided that the Collateral Agent shall furnish to such Pledgor -------- such information regarding the Collateral Agent as such Pledgor may reasonably request in writing and as shall be required in connection with any such registration, qualification or advisable in the reasonable opinion of counsel for compliance. Such Pledgor will cause the Collateral Agent to permit be kept advised in writing as to the public sale progress of each such Pledged Securities. Each Pledgor further agrees registration, qualification or compliance and as to indemnifythe completion thereof, defend will furnish to the Collateral Agent such number of prospectuses, offering circulars or other documents incident thereto as the Collateral Agent from time to time may reasonably request, and hold harmless will indemnify the Collateral Agent, each other Secured Party, any underwriter Creditor and their respective officers, directors, affiliates and controlling persons from and all others participating in the distribution of such Collateral against all lossclaims, liabilitylosses, expenses, costs of counsel damages and liabilities caused by any untrue statement (including, without limitation, reasonable fees and expenses to the Collateral Agent of legal counsel), and claims (including the costs of investigation) that they may incur insofar as such loss, liability, expense or claim arises out of or is based upon any alleged untrue statement statement) of a material fact contained in any prospectus therein (or any amendment or supplement thereto) or in any related registration statement, notification or offering circular, the like) or arises out of by any omission (or is based upon any alleged omission omission) to state therein (or in any related registration statement, notification or the like) a material fact required to be stated therein or necessary to make the statements in any thereof therein not misleading, except insofar as the same may have been caused by any an untrue statement or omission based upon information furnished in writing to such Pledgor or the issuer of such Pledged Securities by the Collateral Agent or any such other Secured Party Creditor expressly for use therein. Each Pledgor further agrees, upon such written request referred to above, to use its best efforts to qualify, file or register, or cause the issuer of such Pledged Securities to qualify, file or register, .
(b) If at any of the Pledged Securities under the Blue Sky or other securities laws of such states as may be requested by time when the Collateral Agent shall determine to exercise its right to sell all or any part of the Collateral pursuant to Section 3.10 hereof, and keep effective, such Collateral or cause the part thereof to be kept effectivesold shall not, all for any reason whatsoever, be effectively registered under the Securities Act, as then in effect, the Collateral Agent may, in its sole and absolute discretion, sell such qualifications, filings Collateral or registrations. Each Pledgor will bear all costs part thereof by private sale in such manner and expenses of carrying out its obligations under this Section 12. Each Pledgor acknowledges that there is no adequate remedy at law for failure by it to comply with such circumstances as the provisions of this Section 12 and Collateral Agent may deem necessary or advisable in order that such failure would not sale may legally be adequately compensable effected without such registration. Without limiting the generality of the foregoing, in damagesany such event the Collateral Agent, in its sole and absolute discretion (i) may proceed to make such private sale notwithstanding that a registration statement for the purpose of registering such Collateral or part thereof shall have been filed under the Securities Act, (ii) may approach and negotiate with a single possible purchaser to effect such sale, and therefore agrees (iii) may restrict such sale to a purchaser who will represent and agree that such purchaser is purchasing for its agreements contained own account, for investment, and not with a view to the distribution or sale of such Collateral or part thereof. In the event of any such sale, the Collateral Agent shall incur no responsibility or liability for selling all or any part of the Collateral at a price which the Collateral Agent, in this Section 12 may its sole and absolute discretion, in good faith deems reasonable under the circumstances, notwithstanding the possibility that a substantially higher price might be specifically enforcedrealized if the sale were deferred until after registration as aforesaid.
Appears in 1 contract
Registration, etc. Each Pledgor agrees that, upon (a) notification or the occurrence and during the continuance of an Event of Default hereunder, if for like) or by any reason the Collateral Agent desires to sell any of the Pledged Securities of the Borrower at a public sale, it will, at any time and from time to time, upon the written request of the Collateral Agent, use its best efforts to take or to cause the issuer of such Pledged Securities to take such action and prepare, distribute and/or file such documents, as are required or advisable in the reasonable opinion of counsel for the Collateral Agent to permit the public sale of such Pledged Securities. Each Pledgor further agrees to indemnify, defend and hold harmless the Collateral Agent, each other Secured Party, any underwriter and their respective officers, directors, affiliates and controlling persons from and against all loss, liability, expenses, costs of counsel (including, without limitation, reasonable fees and expenses to the Collateral Agent of legal counsel), and claims (including the costs of investigation) that they may incur insofar as such loss, liability, expense or claim arises out of or is based upon any alleged untrue statement of a material fact contained in any prospectus omission (or any amendment or supplement theretoalleged omission) to state therein (or in any related registration statement, notification or offering circular, or arises out of or is based upon any alleged omission to state the like) a material fact required to be stated therein or necessary to make the statements in any thereof therein not misleading, except insofar as the same may have been caused by any an untrue statement or omission based upon information furnished in writing to such Material Pledgor by the Pledgee expressly for use therein.
(b) If at any time when the Pledgee shall determine to exercise its right to sell all or any part of the Pledged Securities pursuant to Section 7, such Pledged Securities or the issuer part thereof to be sold shall not, for any reason whatsoever, be effectively registered under the Securities Act of 1933, as then in effect, the Pledgee may, in its sole and absolute discretion, sell such Pledged Securities or part thereof by private sale in such manner and under such circumstances as the Pledgee may deem necessary or advisable in order that such sale may legally be effected without such registration; provided, that at least 10 days' notice of the time and place of any such sale shall be given to the respective Material Pledgor thereof. Without limiting the generality of the foregoing, in any such event the Pledgee, in its sole and absolute discretion: (i) may proceed to make such private sale notwithstanding that a registration statement for the purpose of registering such Pledged Securities or part thereof shall have been filed under such Securities Act; (ii) may approach and negotiate with a single possible purchaser to effect such sale; and (iii) may restrict such sale to a purchaser who will represent and agree that such purchaser is purchasing for its own account, for investment, and not with a view to the distribution or sale of such Pledged Securities by or part thereof. In the Collateral Agent event of any such sale, the Pledgee shall incur no responsibility or liability for selling all or any other Secured Party expressly for use therein. Each Pledgor further agreespart of the Pledged Securities at a price which the Pledgee, upon such written request referred to abovein its sole and absolute discretion, to use its best efforts to qualifymay in good faitx xxxx xxxsonable under the circumstances, file or register, or cause notwithstanding the issuer possibility that a substantially higher price might be realized if the sale were deferred until after registration of such Pledged Securities to qualify, file or register, any of the Pledged Securities under the Blue Sky or other securities laws of such states as may be requested by the Collateral Agent and keep effective, or cause to be kept effective, all such qualifications, filings or registrations. Each Pledgor will bear all costs and expenses of carrying out its obligations under this Section 12. Each Pledgor acknowledges that there is no adequate remedy at law for failure by it to comply with the provisions public sale.
(c) For purposes of this Section 12 17, the term "Material Pledgor" shall mean and include, at any time, (i) the Borrower, (ii) Moovies, (iii) Moovies of Georgia, Inc., (iv) Moovies of Iowa, Inc., (v) Moovies of the Carolinas, Inc., (vi) PIC-A-FLICK of Greenville, Inc., (vii) Video Update Canada and (viii) any Subsidiary of the Borrower that (x) has assets at such failure would not be adequately compensable time comprising 5% or more of the consolidated assets of the Borrower and its Subsidiaries or (y) had net income in damages, the most recently ended fiscal year of the Borrower comprising 5% or more of the consolidated net income of the Borrower and therefore agrees that its agreements contained in this Section 12 may be specifically enforcedSubsidiaries for such fiscal year.
Appears in 1 contract
Samples: Pledge Agreement (Video Update Inc)
Registration, etc. Each Pledgor agrees that, upon the occurrence and during the continuance of an Event of Default hereunderDefault, if for any reason the Collateral Agent desires to sell any of the Pledged Securities of the Borrower at a public sale, it will, at any time and from time to time, upon the written request of the Collateral Agent, use its best efforts to take or to cause the issuer of such Pledged Securities to take such action and prepare, distribute and/or file such documents, as are required or advisable in the reasonable opinion of counsel for the Collateral Agent to permit the public sale of such Pledged Securities. Each Pledgor further agrees to indemnify, defend and hold harmless the Collateral Agent, each other Secured Party, any underwriter and their respective officers, directors, affiliates and controlling persons from and against all loss, liability, expenses, costs of counsel (including, without limitation, reasonable fees and expenses to the Collateral Agent of legal counsel), and claims (including the costs of investigation) that they may incur insofar as such loss, liability, expense or claim arises out of or is based upon any alleged untrue statement of a material fact contained in any prospectus (or any amendment or supplement thereto) or in any notification or offering circular, or arises out of or is based upon any alleged omission to state a material fact required to be stated therein or necessary to make the statements in any thereof not misleading, except insofar as the same may have been caused by any untrue statement or omission based upon information furnished in writing to such Pledgor or the issuer of such Pledged Securities by the Collateral Agent or any other Secured Party expressly for use therein. Each Pledgor further agrees, upon such written request referred to above, to use its best efforts to qualify, file or register, or cause the issuer of such Pledged Securities to qualify, file or register, any of the Pledged Securities under the Blue Sky or other securities laws of such states as may be requested by the Collateral Agent and keep effective, or cause to be kept effective, all such qualifications, filings or registrations. Each Pledgor The Pledgors will bear all costs and expenses of carrying out its their obligations under this Section 12. Each Pledgor acknowledges that there is no adequate remedy at law for failure by it to comply with the provisions of this Section 12 and that such failure would not be adequately compensable in damages, and therefore agrees that its agreements contained in this Section 12 may be specifically enforced.
Appears in 1 contract
Samples: Pledge Agreement (Pliant Corp)
Registration, etc. Each Pledgor agrees that, upon the occurrence and during the continuance of an (a) If a Noticed Event of Default hereundershall have occurred and be continuing and a Pledgor shall have received from the Pledgee a written request or requests that such Pledgor cause any registration, if for qualification or compliance under any reason the Collateral Agent desires Federal or state securities law or laws to sell be effected with respect to all or any part of the Pledged Securities of the Borrower Stock pledged or purported to be pledged by such Pledgor, such Pledgor as soon as practicable and at a public sale, it will, at any time and from time to time, upon the written request of the Collateral Agent, its expense will use its best efforts to take or cause such registration to be effected (and be kept effective) and will use its best efforts to cause such qualification and compliance to be effected (and be kept effective) as may be so requested and as would permit or facilitate the issuer sale and distribution of such Pledged Securities to take such action and prepareStock, distribute and/or file such documents, as are required or advisable in the reasonable opinion of counsel for the Collateral Agent to permit the public sale of such Pledged Securities. Each Pledgor further agrees to indemnify, defend and hold harmless the Collateral Agent, each other Secured Party, any underwriter and their respective officers, directors, affiliates and controlling persons from and against all loss, liability, expenses, costs of counsel (including, without limitation, reasonable fees registration under the Securities Act of 1933 as then in effect (or any similar statute then in effect), appropriate qualifications under applicable blue sky or other state securities laws and expenses appropriate compliance with any other government requirements; provided that the Pledgee shall furnish to such Pledgor such information regarding the Pledgee as such Pledgor may request in writing and as shall be required in connection with any such registration, qualification or compliance. Such Pledgor will cause the Pledgee to be kept reasonably advised in writing as to the Collateral Agent progress of legal counsel)each such registration, qualification or compliance and as to the completion thereof, will furnish to the Pledgee such number of prospectuses, offering circulars or other documents incident thereto as the Pledgee from time to time may reasonably request, and claims will indemnify the Pledgee and all others participating in the distribution of the Pledged Stock against all claims, losses, damages and liabilities caused by any untrue statement (including the costs of investigation) that they may incur insofar as such loss, liability, expense or claim arises out of or is based upon any alleged untrue statement statement) of a material fact contained in any prospectus therein (or any amendment or supplement thereto) or in any related registration statement, notification or offering circular, the like) or arises out of by any omission (or is based upon any alleged omission omission) to state therein (or in any related registration statement, notification or the like) a material fact required to be stated therein or necessary to make the statements in any thereof therein not misleading, except insofar as the same may have been caused by any an untrue statement or omission based upon information furnished in writing to such Pledgor or the issuer of such Pledged Securities by the Collateral Agent or any other Secured Party Pledgee expressly for use therein.
(b) If at any time when the Pledgee shall determine to exercise its right to sell all or any part of the Pledged Stock pursuant to Section 7, such Pledged Stock or the part thereof to be sold shall not, for any reason whatsoever, be effectively registered under the Securities Act of 1933, as then in effect, the Pledgee may, in its sole and absolute discretion, sell such Pledged Stock or part thereof by private sale in such manner and under such circumstances as the Pledgee may deem necessary or advisable in order that such sale may legally be effected without such registration; provided that at least 10 days’ notice of the time and place of any such sale shall be given to the Pledgor who pledged such Pledged Stock. Each Pledgor further agreesWithout limiting the generality of the foregoing, upon in any such written request referred event the Pledgee, in its sole and absolute discretion (i) may proceed to abovemake such private sale notwithstanding that a registration statement for the purpose of registering such Pledged Stock or part thereof shall have been filed under such Securities Act, (ii) may approach and negotiate with a single possible purchaser to use effect such sale, and (iii) may restrict such sale to a purchaser who will represent and agree that such purchaser is purchasing for its best efforts own account, for investment, and not with a view to qualify, file the distribution or register, or cause the issuer sale of such Pledged Securities to qualifyStock or part thereof. In the event of any such sale, file the Pledgee shall incur no responsibility or registerliability for selling all or any part of such Pledged Stock at a price which the Pledgee, any of the Pledged Securities in its sole and absolute discretion, may in good xxxxx xxxx reasonable under the Blue Sky or other securities laws of such states circumstances, notwithstanding the possibility that a substantially higher price might be realized if the sale were deferred until after registration as may be requested by the Collateral Agent and keep effective, or cause to be kept effective, all such qualifications, filings or registrations. Each Pledgor will bear all costs and expenses of carrying out its obligations under this Section 12. Each Pledgor acknowledges that there is no adequate remedy at law for failure by it to comply with the provisions of this Section 12 and that such failure would not be adequately compensable in damages, and therefore agrees that its agreements contained in this Section 12 may be specifically enforcedaforesaid.
Appears in 1 contract
Samples: Pledge Agreement (Primedia Inc)
Registration, etc. Each Pledgor agrees that, upon the occurrence and during the continuance of an Event of Default hereunder, if for (a) with respect to all or any reason the Collateral Agent desires to sell any part of the Pledged Securities of Stock, such Pledgor as soon as practicable and at its expense will cause such registration to be effected (and be kept effective) and will cause such qualification and compliance to be declared effected (and be kept effective) as may be so requested and as would permit or facilitate the Borrower at a public sale, it will, at any time sale and from time to time, upon the written request of the Collateral Agent, use its best efforts to take or to cause the issuer distribution of such Pledged Securities to take such action and prepareStock, distribute and/or file such documents, as are required or advisable in the reasonable opinion of counsel for the Collateral Agent to permit the public sale of such Pledged Securities. Each Pledgor further agrees to indemnify, defend and hold harmless the Collateral Agent, each other Secured Party, any underwriter and their respective officers, directors, affiliates and controlling persons from and against all loss, liability, expenses, costs of counsel (including, without limitation, reasonable fees registration under the Securities Act of 1933, as then in effect (or any similar statute then in effect), appropriate qualifications under applicable blue sky or other state securities laws and expenses appropriate compliance with any other government requirements, provided, that the Pledgee shall furnish to such Pledgor such information regarding the Pledgee as such Pledgor may reasonably request in writing and as shall be required in connection with any such registration, qualification or compliance. Such Pledgor will cause the Pledgee to be kept advised in writing as to the Collateral Agent progress of legal counsel)each such registration, qualification or compliance and as to the completion thereof, will furnish to the Pledgee such number of prospectuses, offering circulars or other documents incident thereto as the Pledgee from time to time may reasonably request, and claims will indemnify the Pledgee, each other Secured Creditor and all others participating in the distribution of such Pledged Stock against all claims, losses, damages and liabilities caused by any untrue statement (including the costs of investigation) that they may incur insofar as such loss, liability, expense or claim arises out of or is based upon any alleged untrue statement statement) of a material fact contained in any prospectus therein (or any amendment or supplement thereto) or in any related registration statement, notification or offering circular, the like) or arises out of by any omission (or is based upon any alleged omission omission) to state therein (or in any related registration statement, notification or the like) a material fact required to be stated therein or necessary to make the statements in any thereof therein not misleading, except insofar as the same may have been caused by any an untrue statement or omission based upon information furnished in writing to such Pledgor or the issuer of such Pledged Securities by the Collateral Agent Pledgee or any such other Secured Party Creditor expressly for use therein. Each Pledgor further agrees, upon such written request referred to above, to use its best efforts to qualify, file or register, or cause .
(b) notwithstanding the issuer of such Pledged Securities to qualify, file or register, any of possibility that a substantially higher price might be realized if the Pledged Securities under the Blue Sky or other securities laws of such states sale were deferred until after registration as may be requested by the Collateral Agent and keep effective, or cause to be kept effective, all such qualifications, filings or registrations. Each Pledgor will bear all costs and expenses of carrying out its obligations under this Section 12. Each Pledgor acknowledges that there is no adequate remedy at law for failure by it to comply with the provisions of this Section 12 and that such failure would not be adequately compensable in damages, and therefore agrees that its agreements contained in this Section 12 may be specifically enforcedaforesaid.
Appears in 1 contract
Samples: Credit Agreement (Howmet Corp /New/)
Registration, etc. Each Pledgor agrees that, upon the occurrence (a) If there shall have occurred and during the continuance of an be continuing (i) a Bankruptcy Default or Notified Acceleration Event or (ii) any other Event of Default hereunderor Acceleration Event, if for but in the case of this clause (ii) only to the extent the Required Secured Creditors have so directed then, and in every such case, upon receipt by any reason Pledgor from the Collateral Agent desires Pledgee of a written request or requests that such Pledgor cause any registration, qualification or compliance under any Federal or state securities law or laws to sell be effected with respect to all or any part of the Pledged Securities of the Borrower Stock, such Pledgor as soon as practicable and at a public sale, it will, at any time and from time to time, upon the written request of the Collateral Agent, its expense will use its best efforts to take or cause such registration to be effected (and be kept effective) and will use its best efforts to cause such qualification and compliance to be effected (and be kept effective) as may be so requested and as would permit or facilitate the issuer sale and distribution of such Pledged Securities to take such action and prepareStock, distribute and/or file such documents, as are required or advisable in the reasonable opinion of counsel for the Collateral Agent to permit the public sale of such Pledged Securities. Each Pledgor further agrees to indemnify, defend and hold harmless the Collateral Agent, each other Secured Party, any underwriter and their respective officers, directors, affiliates and controlling persons from and against all loss, liability, expenses, costs of counsel (including, without limitation, reasonable fees registration under the Securities Act of 1933, as then in effect (or any similar statute then in effect), appropriate qualifications under applicable blue sky or other state securities laws and expenses appropriate compliance with any other government requirements, provided, that the Pledgee shall furnish to such Pledgor such information regarding the Pledgee as such Pledgor may request in writing and as shall be required in 14 14 connection with any such registration, qualification or compliance. Such Pledgor will cause the Pledgee to be kept reasonably advised in writing as to the Collateral Agent progress of legal counsel)each such registration, qualification or compliance and as to the completion thereof, will furnish to the Pledgee such number of prospectuses, offering circulars or other documents incident thereto as the Pledgee from time to time may reasonably request, and claims will indemnify the Pledgee and all others participating in the distribution of such Pledged Stock against all claims, losses, damages and liabilities caused by any untrue statement (including the costs of investigation) that they may incur insofar as such loss, liability, expense or claim arises out of or is based upon any alleged untrue statement statement) of a material fact contained in any prospectus therein (or any amendment or supplement thereto) or in any related registration statement, notification or offering circular, the like) or arises out of by any omission (or is based upon any alleged omission omission) to state therein (or in any related registration statement, notification or the like) a material fact required to be stated therein or necessary to make the statements in any thereof therein not misleading, except insofar as the same may have been caused by any an untrue statement or omission based upon information furnished in writing to such Pledgor by the Pledgee expressly for use therein.
(b) If at any time when the Pledgee shall determine to exercise its right to sell all or any part of the Pledged Securities pursuant to Section 7, such Pledged Securities or the issuer part thereof to be sold shall not, for any reason whatsoever, be effectively registered under the Securities Act of 1933, as then in effect, the Pledgee may, in its sole and absolute discretion, sell such Pledged Securities or part thereof by private sale in such manner and under such circumstances as Pledgee may deem necessary or advisable in order that such sale may legally be effected without such registration. Without limiting the generality of the foregoing, in any such event the Pledgee, in its sole and absolute discretion (i) may proceed to make such private sale notwithstanding that a registration statement for the purpose of registering such Pledged Securities or part thereof shall have been filed under such Securities Act, (ii) may approach and negotiate with a single possible purchaser to effect such sale, and (iii) may restrict such sale to a purchaser who will represent and agree that such purchaser is purchasing for its own account, for investment, and not with a view to the distribution or sale of such Pledged Securities by or part thereof. In the Collateral Agent event of any such sale, the Pledgee shall incur no responsibility or liability for selling all or any other Secured Party expressly for use therein. Each Pledgor further agrees, upon such written request referred to above, to use its best efforts to qualify, file or register, or cause the issuer of such Pledged Securities to qualify, file or register, any part of the Pledged Securities at a price which the Pledgee, in its sole and absolute discretion, may in good faitx xxxx xxxsonable under the Blue Sky or other securities laws of such states circumstances, notwithstanding the possibility that a substantially higher price might be realized if the sale were deferred until after registration as may be requested by the Collateral Agent and keep effective, or cause to be kept effective, all such qualifications, filings or registrations. Each Pledgor will bear all costs and expenses of carrying out its obligations under this Section 12. Each Pledgor acknowledges that there is no adequate remedy at law for failure by it to comply with the provisions of this Section 12 and that such failure would not be adequately compensable in damages, and therefore agrees that its agreements contained in this Section 12 may be specifically enforcedaforesaid.
Appears in 1 contract
Samples: Subsidiaries Pledge Agreement (Menasco Aerosystems Inc)
Registration, etc. Each Pledgor agrees that, upon the occurrence and during the continuance of an Event of Default hereunder, if for any reason the Collateral Agent desires to sell any of the Pledged Securities of the Borrower at a public sale, it will, at any time and from time to time, upon the written request of the Collateral Agent, use its best efforts to take or to cause the issuer of such Pledged Securities to take such action and prepare, distribute and/or file such documents, as are required necessary or advisable in the reasonable opinion of counsel for the Collateral Agent to permit the public sale of such Pledged Securities. Each Pledgor further agrees to indemnify, defend and hold harmless the Collateral Agent, each other Secured Party, any underwriter and their respective officers, directors, affiliates and controlling persons from and against all loss, liability, out-of-pocket expenses, costs of counsel (including, without limitation, reasonable fees and expenses to the Collateral Agent of legal one counsel in each relevant jurisdiction (unless the Collateral Agent asserts in good faith that the nature of its claim requires it to be represented by separate counsel)), and claims (including the costs of investigation) that they may incur insofar as such actual loss, liability, expense or claim arises out of or is based upon any alleged untrue statement of a material fact contained in any prospectus (or any amendment or supplement thereto) or in any notification or offering circular, or arises out of or is based upon any alleged omission to state a material fact required to be stated therein or necessary to make the statements in any thereof not misleading, except insofar as the same may have been caused by any untrue statement or omission based upon information furnished in writing to such Pledgor or the issuer of such Pledged Securities by the Collateral Agent or any other Secured Party expressly for use therein. Each Pledgor further agrees, upon such written request referred to above, to use its best efforts to qualify, file or register, or cause the issuer of such Pledged Securities to qualify, file or register, any of the Pledged Securities under the Blue Sky or other securities laws of such states as may be requested by the Collateral Agent and keep effective, or cause to be kept effective, all such qualifications, filings or registrations. Each Pledgor will bear all reasonable costs and expenses of carrying out its obligations under this Section 12. Each Pledgor acknowledges that there is no adequate remedy at law for failure by it to comply with the provisions of this Section 12 and that such failure would not be adequately compensable in damages, and therefore agrees that its agreements contained in this Section 12 may be specifically enforced.
Appears in 1 contract
Registration, etc. Each Pledgor agrees that, upon the occurrence and during the continuance of (a) If an Event of Default hereundershall have occurred and be continuing and any Pledgor shall have received from the Pledgee a written request or requests that such Pledgor cause any registration, if for qualification or compliance under any reason the Collateral Agent desires Federal or state securities law or laws to sell be effected with respect to all or any part of the Pledged Securities of the Borrower Stock, such Pledgor as soon as practicable and at a public sale, it will, at any time and from time to time, upon the written request of the Collateral Agent, its expense will use its best efforts reasonable efforts, to take or the extent it has the right and authority to do so, to cause the issuer of such Pledged Securities Stock to take effect (and to keep effective) a registration and will use its reasonable efforts to cause such action qualification and prepare, distribute and/or file such documents, compliance to be effected (and be kept effective) as are required may be so requested and as would permit or advisable in facilitate the reasonable opinion of counsel for the Collateral Agent to permit the public sale and distribution of such Pledged Securities. Each Pledgor further agrees to indemnifyStock, defend and hold harmless the Collateral Agent, each other Secured Party, any underwriter and their respective officers, directors, affiliates and controlling persons from and against all loss, liability, expenses, costs of counsel (including, without limitation, reasonable fees registration under the Securities Act of 1933 as then in effect (or any similar statute then in effect), appropriate qualifications under applicable blue sky or other state securities laws and expenses appropriate compliance with any other government requirements; PROVIDED that the Pledgee shall furnish to such Pledgor such information regarding the Pledgee as such Pledgor may request in writing and as shall be required in connection with any such registration, qualification or compliance. Such Pledgor will cause the Pledgee to be kept reasonably advised in writing as to the Collateral Agent progress of legal counsel)each such registration, qualification or compliance and as to the completion thereof, will cause to be furnished to the Pledgee by the issuer such number of prospectuses, offering circulars or other documents incident thereto as the Pledgee from time to time may reasonably request, and claims will indemnify the Pledgee, each other Secured Creditor and all others participating in the distribution of the Pledged Stock against all claims, losses, damages and liabilities caused by any untrue statement (including the costs of investigation) that they may incur insofar as such loss, liability, expense or claim arises out of or is based upon any alleged untrue statement statement) of a material fact contained in any prospectus therein (or any amendment or supplement thereto) or in any related registration statement, notification or offering circular, the like) or arises out of by any omission (or is based upon any alleged omission omission) to state therein (or in any related registration statement, notification or the like) a material fact required to be stated therein or necessary to make the statements in any thereof therein not misleading, except insofar as the same may have been caused by any an untrue statement or omission based upon information furnished (or failed to be furnished) in writing to such Pledgor or issuer by the issuer Pledgee or such other Secured Creditor expressly for use therein.
(b) If at any time when the Pledgee shall determine to exercise its right to sell all or any part of the Pledged Securities pursuant to Section 7 hereof, such Pledged Securities or the part thereof to be sold shall not, for any reason whatsoever, be effectively registered under the Securities Act of 1933, as then in effect, the Pledgee may, in its sole and absolute discretion, sell such Pledged Securities or part thereof by private sale in such manner and under such circumstances as the Pledgee may deem necessary or advisable in order that such sale may legally be effected without such registration; PROVIDED that at least 10 days' notice of the time and place of any such sale shall be given to such Pledgor. Without limiting the generality of the foregoing, in any such event the Pledgee, in its sole and absolute discretion: (i) may proceed to make such private sale notwithstanding that a registration statement for the purpose of registering such Pledged Securities or part thereof shall have been filed under such Securities Act; (ii) may approach and negotiate with a single possible purchaser to effect such sale; and (iii) may restrict such sale to a purchaser who will represent and agree that such purchaser is purchasing for its own account, for investment, and not with a view to the distribution or sale of such Pledged Securities by or part thereof. In the Collateral Agent event of any such sale, the Pledgee shall incur no responsibility or liability for selling all or any other Secured Party expressly for use therein. Each Pledgor further agrees, upon such written request referred to above, to use its best efforts to qualify, file or register, or cause the issuer of such Pledged Securities to qualify, file or register, any part of the Pledged Securities at a price which the Pledgee, in its sole and absolute discretion, may in good faitx xxxx xxxsonable under the Blue Sky or other securities laws of such states circumstances, notwithstanding the possibility that a substantially higher price might be realized if the sale were deferred until after registration as may be requested by the Collateral Agent and keep effective, or cause to be kept effective, all such qualifications, filings or registrations. Each Pledgor will bear all costs and expenses of carrying out its obligations under this Section 12. Each Pledgor acknowledges that there is no adequate remedy at law for failure by it to comply with the provisions of this Section 12 and that such failure would not be adequately compensable in damages, and therefore agrees that its agreements contained in this Section 12 may be specifically enforcedaforesaid.
Appears in 1 contract
Registration, etc. Each Pledgor agrees that, upon the occurrence and during the continuance of an Event of Default hereunder, if for any reason the Collateral Agent desires to sell any of the Pledged Securities of the Borrower at a public sale, it will, at any time and from time to time, upon the written request of the Collateral Agent, use its best efforts to take or to cause the issuer of such Pledged Securities to take such action and prepare, distribute and/or file such documents, as are required or advisable in the reasonable opinion of counsel for the Collateral Agent to permit the public sale of such Pledged Securities. Each Pledgor further agrees to indemnify, defend and hold harmless the Collateral Agent, each other Secured Party, any underwriter and their respective officers, directors, affiliates and controlling persons from and against all loss, liability, expenses, costs of counsel (including, without limitation, reasonable fees and expenses to the Collateral Agent of legal counsel), and claims (including the costs of investigation) that they may incur insofar as such loss, liability, expense or claim arises out of or is based upon any alleged untrue statement of a material fact contained in any prospectus (or any amendment or supplement thereto) or in any notification or offering circular, or arises out of or is based upon any alleged omission to state a material fact required to be stated therein or necessary to make the statements in any thereof not misleading, except insofar as the same may have been caused by any untrue statement or omission based upon information furnished in writing to such Pledgor or the issuer of such Pledged Securities by the Collateral Agent or any other Secured Party expressly for use therein. Each Pledgor further agrees, upon such written request referred to above, to use its best efforts to qualify, file or register, or cause the issuer of such Pledged Securities to qualify, file or register, any of the Pledged Securities under the Blue Sky or other securities securi ties laws of such states as may be requested by the Collateral Agent and keep effective, or cause to be kept effective, all such qualifications, filings or registrations. Each Pledgor will bear all costs and expenses of carrying out its obligations under this Section 12. Each Pledgor acknowledges that there is no adequate remedy at law for failure by it to comply with the provisions of this Section 12 and that such failure would not be adequately compensable in damages, and therefore agrees that its agreements contained in this Section 12 may be specifically enforced.
Appears in 1 contract
Registration, etc. Each Pledgor agrees that, upon the occurrence (a) If there shall have occurred and during the continuance of be continuing an Event of Default hereunderthen, if for and in every such case, upon receipt by any reason Pledgor from the Collateral Agent desires Pledgee of a written request or requests that such Pledgor cause any registration, qualification or compliance under any Federal or state securities law or laws to sell be effected with respect to all or any part of the Pledged Securities of Stock, such Pledgor as soon as practicable and at its expense will cause such registration to be effected (and be kept effective) and will cause such qualification and compliance to be declared effected (and be kept effective) as may be so requested and as would permit or facilitate the Borrower at a public sale, it will, at any time sale and from time to time, upon the written request of the Collateral Agent, use its best efforts to take or to cause the issuer distribution of such Pledged Securities to take such action and prepareStock, distribute and/or file such documents, as are required or advisable in the reasonable opinion of counsel for the Collateral Agent to permit the public sale of such Pledged Securities. Each Pledgor further agrees to indemnify, defend and hold harmless the Collateral Agent, each other Secured Party, any underwriter and their respective officers, directors, affiliates and controlling persons from and against all loss, liability, expenses, costs of counsel (including, without limitation, reasonable fees registration under the Securities Act of 1933, as then in effect (or any similar statute then in effect), appropriate qualifications under applicable blue sky or other state securities laws and expenses appropriate compliance with any other government requirements, provided, that the Pledgee shall furnish to such Pledgor such information regarding the Pledgee as such Pledgor may reasonably request in writing and as shall be required in connection with any such registration, qualification or compliance. Such Pledgor will cause the Pledgee to be kept advised in writing as to the Collateral Agent progress of legal counsel)each such registration, qualification or compliance and as to the completion thereof, will furnish to the Pledgee such number of prospectuses, offering circulars or other documents incident thereto as the Pledgee from time to time may reasonably request, and claims will indemnify the Pledgee, each other Secured Creditor and all others participating in the distribution of such Pledged Stock against all claims, losses, damages and liabilities caused by any untrue statement (including the costs of investigation) that they may incur insofar as such loss, liability, expense or claim arises out of or is based upon any alleged untrue statement statement) of a material fact contained in any prospectus therein (or any amendment or supplement thereto) or in any related registration statement, notification or offering circular, the like) or arises out of by any omission (or is based upon any alleged omission omission) to state therein (or in any related registration statement, notification or the like) a material fact required to be stated therein or necessary to make the statements in any thereof therein not misleading, except insofar as the same may have been caused by any an untrue statement or omission based upon information furnished in writing to such Pledgor or the issuer of such Pledged Securities by the Collateral Agent Pledgee or any such other Secured Party Creditor expressly for use therein. Each Pledgor further agrees.
(b) If at any time when the Pledgee shall determine to exercise its right to sell all or any part of the Pledged Securities, upon Pledged Partnership Interests or Pledged Limited Liability Company Interests pursuant to Section 7 hereof, and such written request referred Pledged Securities, Pledged Partnership Interests or Pledged Limited Liability Company Interests or the part thereof to abovebe sold shall not, for any reason whatsoever, be effectively registered under the Securities Act of 1933, as then in effect, the Pledgee may, in its sole and absolute discretion but subject to use its best efforts to qualifyapplicable law, file sell such Pledged Securities, Pledged Partnership Interests or registerPledged Limited Liability Company Interests, as the case may be, or cause part thereof by private sale in such manner and under such circumstances as the issuer Pledgee may deem necessary or advisable in order that such sale may legally be effected without such registration. Without limiting the generality of the foregoing, in any such event the Pledgee, in its sole and absolute discretion (i) may proceed to make such private sale notwithstanding that a registration statement for the purpose of registering such Pledged Securities, Pledged Partnership Interests or Pledged Limited Liability Company Interests or part thereof shall have been filed under such Securities Act, (ii) may approach and negotiate with a single possible purchaser to effect such sale, and (iii) may restrict such sale to a purchaser who will represent and agree that such purchaser is purchasing for its own account, for investment, and not with a view to the distribution or sale of such Pledged Securities to qualifySecurities, file Pledged Partnership Interests or registerPledged Limited Liability Company Interests or part thereof. In the event of any such sale, the Pledgee shall incur no responsibility or liability for selling all or any part of the Pledged Securities Securities, Pledged Partnership Interests or Pledged Limited Liability Company Interests in accordance with Section 18 at a price which the Pledgee, in its sole and absolute discretion, in good faitx xxxxx xxxsonable under the Blue Sky or other securities laws of such states circumstances, notwithstanding the possibility that a substantially higher price might be realized if the sale were deferred until after registration as may be requested by the Collateral Agent and keep effective, or cause to be kept effective, all such qualifications, filings or registrations. Each Pledgor will bear all costs and expenses of carrying out its obligations under this Section 12. Each Pledgor acknowledges that there is no adequate remedy at law for failure by it to comply with the provisions of this Section 12 and that such failure would not be adequately compensable in damages, and therefore agrees that its agreements contained in this Section 12 may be specifically enforcedaforesaid.
Appears in 1 contract
Registration, etc. Each Pledgor agrees that, upon the occurrence (a) If there shall have occurred and during the continuance of be continuing an Event of Default hereunderDefault, if for any reason then upon receipt by the Collateral Agent desires to sell any Pledgor from the Pledgee of the Pledged Securities of the Borrower at a public sale, it will, at any time and from time to time, upon the written request or requests that the Pledgor cause any registration, qualification or compliance under any Federal or state securities law or laws to be effected with respect to all or any part of the Collateral Agentconsisting of Pledged Stock, use the Pledgor as soon as practicable and at its best efforts expense will cause such registration to take be effected (and be kept effective) and will cause such qualification and compliance to be declared effected (and be kept effective) as may be so requested if such registration, qualification or compliance is necessary to cause permit or facilitate the issuer sale and distribution of such Pledged Securities to take such action and prepareCollateral, distribute and/or file such documents, as are required or advisable in the reasonable opinion of counsel for the Collateral Agent to permit the public sale of such Pledged Securities. Each Pledgor further agrees to indemnify, defend and hold harmless the Collateral Agent, each other Secured Party, any underwriter and their respective officers, directors, affiliates and controlling persons from and against all loss, liability, expenses, costs of counsel (including, without limitation, reasonable fees registration under the Securities Act, as then in effect (or any similar statute then in effect), appropriate qualifications under applicable blue sky or other state securities laws and expenses appropriate compliance with any other government requirements, provided, that the Pledgee shall furnish to the Collateral Agent Pledgor such information regarding the Pledgee as the Pledgor may reasonably request in writing and as shall be required in connection with any such registration, qualification or compliance. The Pledgor will cause the Pledgee to be kept advised in writing as to the progress of legal counsel)each such registration, qualification or compliance and as to the completion thereof, will furnish to the Pledgee such number of prospectuses, offering circulars or other documents incident thereto as the Pledgee from time to time may reasonably request, and claims will indemnify the Pledgee and all others participating in the distribution of such Collateral against all claims, losses, damages and liabilities caused by any untrue statement (including the costs of investigation) that they may incur insofar as such loss, liability, expense or claim arises out of or is based upon any alleged untrue statement statement) of a material fact contained in any prospectus therein (or any amendment or supplement thereto) or in any related registration statement, notification or offering circular, the like) or arises out of by any omission (or is based upon any alleged omission omission) to state therein (or in any related registration statement, notification or the like) a material fact required fact
(b) If at any time when the Pledgee shall determine to exercise its right to sell all or any part of the Collateral consisting of Pledged Stock pursuant to Section 7 hereof, and the Collateral or the part thereof to be stated therein sold shall not, for any reason whatsoever, be effectively registered under the Securities Act, as then in effect, the Pledgee may sell such Collateral or part thereof, as the case may be, by private sale in such manner and under such circumstances as the Pledgee may deem necessary or reasonably advisable in order that such sale may legally be effected without such registration. Without limiting the generality of the foregoing, in any event the Pledgee (i) may proceed to make such private sale notwithstanding that a registration statement for the statements in purpose of registering such Collateral or part thereof shall have been filed under such Securities Act, (ii) may approach and negotiate with a single possible purchaser to effect such sale, and (iii) may restrict such sale to a purchaser who will represent and agree that such purchaser is purchasing for its own account, for investment, and not with a view to the distribution or sale of such Collateral or part thereof. In the event of any thereof not misleadingsuch sale, the Pledgee shall incur no responsibility or liability, except insofar as to the same may extent incurred by reason of its gross negligence, bad faith or willful misconduct, for selling all or any part of the Collateral at a price which the Pledgee, in its sole and absolute discretion, deems reasonable under the circumstances, notwithstanding the possibility that a substantially higher price might have been caused by any untrue statement or omission based upon information furnished in writing to such Pledgor or realized if the issuer of such Pledged Securities by the Collateral Agent or any other Secured Party expressly for use thereinsale were deferred until after registration as aforesaid. Each Pledgor further agrees, upon such written request referred to above, to use its best efforts to qualify, file or register, or cause the issuer of such Pledged Securities to qualify, file or register, any of the Pledged Securities under the Blue Sky or other securities laws of such states as may be requested by the Collateral Agent and keep effective, or cause to be kept effective, all such qualifications, filings or registrations. Each Pledgor will bear all costs and expenses of carrying out its obligations under this Section 12. Each Pledgor acknowledges that there is no adequate remedy at law for failure by it to comply with the provisions of this Section 12 and that such failure would not be adequately compensable in damages, and therefore agrees that its agreements contained in this Section 12 may be specifically enforced20.
Appears in 1 contract
Registration, etc. Each Pledgor Obligor agrees that, upon the occurrence and during the continuance of an Event of Default hereunderDefault, if for any reason the Collateral Agent desires to sell any of the Pledged Securities of the Borrower Investment Property Collateral at a public sale, it will, at any time and from time to time, upon the written request of the Collateral Agent, use its best commercially reasonable efforts to take or to cause the issuer of such each applicable Pledged Securities Interests Issuer to take such action and prepare, distribute and/or file such documents, documents as are required or advisable in the reasonable opinion of counsel for the Collateral Agent to permit the public sale of such Pledged SecuritiesInvestment Property Collateral. Each Pledgor Obligor further agrees to indemnify, defend and hold harmless the Trustee, the Collateral Agent, Agent and each other Secured Party, any underwriter and their respective officers, directors, affiliates and controlling persons Persons from and against all loss, liability, expenses, costs of counsel (including, without limitation, including reasonable fees and expenses to the Collateral Agent of legal counsel), and claims (including the costs of investigation) that they may incur insofar as such loss, liability, expense or claim arises out of or is based upon any alleged untrue statement of a material fact contained in any prospectus prospectus, notification or offering circular (or any amendment or supplement thereto) or in any notification or offering circular), or arises out of or is based upon any alleged omission to state a material fact required to be stated therein or necessary to make the statements in any thereof not misleading, except insofar as the same may have been caused by any untrue statement or omission based upon information furnished in writing to such Pledgor Grantor or the issuer of such Pledged Securities Interests Issuer by the Collateral Agent or any other Secured Party expressly for use therein. Each Pledgor Obligor further agrees, upon such written request referred to above, to use its best commercially reasonable efforts to qualify, file or register, or cause the issuer of such applicable Pledged Securities Interests Issuer to qualify, file or register, any of the Pledged Securities Investment Property Collateral under the Blue Sky “blue sky” or other securities laws of such states as may be reasonably requested by the Collateral Agent and keep effective, or cause to be kept effective, all such qualifications, filings or registrations. Each Pledgor Obligor will bear all costs and expenses of carrying out its obligations under this Section 124.05. Each Pledgor Obligor acknowledges that there is no adequate remedy at law for failure by it to comply with the provisions of this Section 12 4.05 only and that such failure would not be adequately compensable in damagesdamages and, and therefore therefore, agrees that its agreements contained in this Section 12 4.05 may be specifically enforced.
Appears in 1 contract
Samples: Collateral Agreement (Summit Midstream Partners, LP)
Registration, etc. Each Pledgor agrees that, upon the occurrence (a) If there shall have occurred and during the continuance of be continuing an Event of Default hereunderDefault, if for any reason then upon receipt by the Collateral Agent desires to sell any Pledgor from the Pledgee of the Pledged Securities of the Borrower at a public sale, it will, at any time and from time to time, upon the written request or requests that the Pledgor cause any registration, qualification or compliance under any Federal or state securities law or laws to be effected with respect to all or any part of the Collateral Agentconsisting of Limited Liability Company Interests, use the Pledgor as soon as practicable and at its best efforts expense will cause such registration to take be effected (and be kept effective) and will cause such qualification and compliance to be declared effected (and be kept effective) as may be so requested if such registration, qualification or compliance is necessary to cause permit or facilitate the issuer sale and distribution of such Pledged Securities to take such action and prepareCollateral, distribute and/or file such documents, as are required or advisable in the reasonable opinion of counsel for the Collateral Agent to permit the public sale of such Pledged Securities. Each Pledgor further agrees to indemnify, defend and hold harmless the Collateral Agent, each other Secured Party, any underwriter and their respective officers, directors, affiliates and controlling persons from and against all loss, liability, expenses, costs of counsel (including, without limitation, reasonable fees registration under the Securities Act, as then in effect (or any similar statute then in effect), appropriate qualifications under applicable blue sky or other state securities laws and expenses appropriate compliance with any other government requirements, provided, that the Pledgee shall furnish to the Collateral Agent Pledgor such information regarding the Pledgee as the Pledgor may reasonably request in writing and as shall be required in connection with any such registration, qualification or compliance. The Pledgor will cause the Pledgee to be kept advised in writing as to the progress of legal counsel)each such registration, qualification or compliance and as to the completion thereof, will furnish to the Pledgee such number of prospectuses, offering circulars or other documents incident thereto as the Pledgee from time to time may reasonably request, and claims will indemnify the Pledgee and all others participating in the distribution of such Collateral against all claims, losses, damages and liabilities caused by any untrue statement (including the costs of investigation) that they may incur insofar as such loss, liability, expense or claim arises out of or is based upon any alleged untrue statement statement) of a material fact contained in any prospectus therein (or any amendment or supplement thereto) or in any related registration statement, notification or offering circular, the like) or arises out of by any omission (or is based upon any alleged omission omission) to state therein (or in any related registration statement, notification or the like) a material fact required to be stated therein or necessary to make the statements in any thereof therein not misleading, except insofar as the same may have been caused by any an untrue statement or omission based upon information furnished in writing to such the Pledgor or the issuer of such Pledged Securities by the Collateral Agent or any other Secured Party Pledgee expressly for use therein.
(b) If at any time when the Pledgee shall determine to exercise its right to sell all or any part of the Collateral consisting of Limited Liability Company Interests pursuant to Section 7 hereof, and the Collateral or the part thereof to be sold shall not, for any reason whatsoever, be effectively registered under the Securities Act, as then in effect, the Pledgee may sell such Collateral or part thereof, as the case may be, by private sale in such manner and under such circumstances as the Pledgee may deem necessary or reasonably advisable in order that such sale may legally be effected without such registration. Each Pledgor further agreesWithout limiting the generality of the foregoing, upon in any event the Pledgee (i) may proceed to make such written request referred private sale notwithstanding that a registration statement for the purpose of registering such Collateral or part thereof shall have been filed under such Securities Act, (ii) may approach and negotiate with a single possible purchaser to aboveeffect such sale, and (iii) may restrict such sale to use a purchaser who will represent and agree that such purchaser is purchasing for its best efforts own account, for investment, and not with a view to qualify, file the distribution or register, or cause the issuer sale of such Pledged Securities Collateral or part thereof. In the event of any such sale, the Pledgee shall incur no responsibility or liability, except to qualifythe extent incurred by reason of its gross negligence, file bad faith or registerwillful misconduct, for selling all or any part of the Pledged Securities Collateral at a price which the Pledgee, in its sole and absolute discretion, deems reasonable under the Blue Sky or other securities laws of such states circumstances, notwithstanding the possibility that a substantially higher price might have been realized if the sale were deferred until after registration as may be requested by the Collateral Agent and keep effective, or cause to be kept effective, all such qualifications, filings or registrations. Each Pledgor will bear all costs and expenses of carrying out its obligations under this Section 12. Each Pledgor acknowledges that there is no adequate remedy at law for failure by it to comply with the provisions of this Section 12 and that such failure would not be adequately compensable in damages, and therefore agrees that its agreements contained in this Section 12 may be specifically enforcedaforesaid.
Appears in 1 contract
Samples: LLC Pledge Agreement (Pg&e Corp)
Registration, etc. Each Pledgor agrees that, upon the occurrence and during the continuance of (a) If an Event of Default hereundershall have occurred and be continuing and the Pledgor shall have received from the Pledgee a written request or requests that the Pledgor cause any registration, if for qualification or compliance under any reason the Collateral Agent desires Federal or state securities law or laws to sell be effected with respect to all or any part of the Pledged Securities of Stock, the Borrower Pledgor as soon as practicable and at a public sale, it will, at any time and from time to time, upon the written request of the Collateral Agent, its expense will use its best efforts to take or cause such registration to be effected (and be kept effective) and will use its best efforts to cause such qualification and compliance to be effected (and be kept effective) as may be so requested and as would permit or facilitate the issuer sale and distribution of such Pledged Securities to take such action and prepareStock, distribute and/or file such documents, as are required or advisable in the reasonable opinion of counsel for the Collateral Agent to permit the public sale of such Pledged Securities. Each Pledgor further agrees to indemnify, defend and hold harmless the Collateral Agent, each other Secured Party, any underwriter and their respective officers, directors, affiliates and controlling persons from and against all loss, liability, expenses, costs of counsel (including, without limitation, reasonable fees registration under the Securities Act of 1933, as then in effect (or any similar statute then in effect), appropriate qualifications under applicable blue sky or other state securities laws and expenses appropriate compliance with any other governmental requirements, provided that the Pledgee shall furnish to the Collateral Agent Pledgor such information regarding the Pledgee as the Pledgor may request in 11 writing and as shall be required in connection with any such registration, qualification or compliance. The Pledgor will cause the Pledgee to be kept reasonably advised in writing as to the progress of legal counsel)each such registration, qualification or compliance and as to the completion thereof, will furnish to the Pledgee such number of prospectuses, offering circulars and other documents incident thereto as the Pledgee from time to time may reasonably request, and claims will indemnify the Pledgee and all others participating in the distribution of such Stock against all claims, losses, damages or liabilities caused by any untrue statement (including the costs of investigation) that they may incur insofar as such loss, liability, expense or claim arises out of or is based upon any alleged untrue statement statement) of a material fact contained in any prospectus therein (or any amendment or supplement thereto) or in any related registration statement, notification or offering circular, the like) or arises out of by any omission (or is based upon any alleged omission omission) to state therein (or in any related registration statement, notification or the like) a material fact required to be stated therein or necessary to make the statements in any thereof therein not misleading, except insofar as the same may have been caused by any an untrue statement or omission based upon information furnished in writing to the Pledgor by the Pledgee expressly for use therein.
(b) If at any time when the Pledgee shall determine to exercise its right to sell all or any part of the Pledged Securities pursuant to Section 7, and such Pledgor Pledged Securities or the issuer part thereof to be sold shall not, for any reason whatsoever, be effectively registered under the Securities Act of 1933, as then in effect, the Pledgee may, in its sole and absolute discretion, sell such Pledged Securities or part thereof by private sale in such manner and under such circumstances as Pledgee may deem necessary or advisable in order that such sale may legally be effected without such registration. Without limiting the generality of the foregoing, in any such event the Pledgee, in its sole and absolute discretion, (i) may proceed to make such private sale notwithstanding that a registration statement for the purpose of registering such Pledged Securities or part thereof shall have been filed under such Securities Act, (ii) may approach and negotiate with a single possible purchaser to effect such sale and (iii) may restrict such sale to a purchaser who will represent and agree that such purchaser is purchasing for its own account, for investment, and not with a view to the distribution or sale of such Pledged Securities by or part thereof. In the Collateral Agent event of any such sale, the Pledgee shall incur no responsibility or liability for selling all or any other Secured Party expressly for use therein. Each Pledgor further agrees, upon such written request referred to above, to use its best efforts to qualify, file or register, or cause the issuer of such Pledged Securities to qualify, file or register, any part of the Pledged Securities at a price which the Pledgee, in its sole and absolute discretion, may in good xxxxx xxxx reasonable under the Blue Sky or other securities laws of such states circumstances, notwithstanding the possibility that a substantially higher price might be realized if the sale were deferred until the registration as may be requested by the Collateral Agent and keep effective, or cause to be kept effective, all such qualifications, filings or registrations. Each Pledgor will bear all costs and expenses of carrying out its obligations under this Section 12. Each Pledgor acknowledges that there is no adequate remedy at law for failure by it to comply with the provisions of this Section 12 and that such failure would not be adequately compensable in damages, and therefore agrees that its agreements contained in this Section 12 may be specifically enforcedaforesaid.
Appears in 1 contract
Registration, etc. Each Pledgor agrees that, upon the occurrence (a) If there shall have occurred and during the continuance of be continuing an Event of Default hereunderand acceleration of the Notes then, if for and in every such case, upon receipt by any reason Pledgor from the Collateral Agent desires Pledgee of a written request or requests that such Pledgor cause any registration, qualification or compliance under any Federal or state securities law or laws to sell be effected with respect to all or any part of the Pledged Securities of the Borrower Stock, such Pledgor as soon as practicable and at a public sale, it will, at any time and from time to time, upon the written request of the Collateral Agent, its expense will use its best commercially reasonable efforts to take or cause such registration to be effected (and be kept effective) and will use its commercially reasonable efforts to cause such qualification and compliance to be declared effected (and be kept effective) as may be so requested and as would permit or facilitate the issuer sale and distribution of such Pledged Securities to take such action and prepareStock, distribute and/or file such documents, as are required or advisable in the reasonable opinion of counsel for the Collateral Agent to permit the public sale of such Pledged Securities. Each Pledgor further agrees to indemnify, defend and hold harmless the Collateral Agent, each other Secured Party, any underwriter and their respective officers, directors, affiliates and controlling persons from and against all loss, liability, expenses, costs of counsel (including, without limitation, reasonable fees registration under the Securities Act of 1933, as then in effect (or any similar statute then in effect), appropriate qualifications under applicable blue sky or other state securities laws and expenses appropriate compliance with any other government requirements, provided that the Pledgee shall furnish to such Pledgor such information regarding the Pledgee as such Pledgor may request in writing and as shall be required in connection with any such registration, qualification or compliance. Such Pledgor will cause the Pledgee to be kept advised in writing as to the Collateral Agent progress of legal counsel)each such registration, qualification or compliance and as to the completion thereof, will furnish to the Pledgee such number of prospectuses, offering circulars or other documents incident thereto as the Pledgee from time to time may reasonably request, and claims will indemnify the Pledgee, each Secured Creditor and all others participating in the distribution of such Pledged Stock against all claims, losses, damages and liabilities caused by any untrue statement (including the costs of investigation) that they may incur insofar as such loss, liability, expense or claim arises out of or is based upon any alleged untrue statement statement) of a material fact contained in any prospectus therein (or any amendment or supplement thereto) or in any related registration statement, notification or offering circular, the like) or arises out of by any omission (or is based upon any alleged omission omission) to state therein (or in any related registration statement, notification or the like) a material fact required to be stated therein or necessary to make the statements in any thereof therein not misleading, except insofar as the same may have been caused by any an untrue statement or omission based upon information furnished in writing to such Pledgor by the Pledgee or such other Secured Creditor expressly for use therein.
(b) If at any time when the Pledgee shall determine to exercise its right to sell all or any part of the Pledged Securities pursuant to Section 7 hereof, and such Pledged Securities or the issuer part thereof to be sold shall not, for any reason whatsoever, be effectively registered under the Securities Act of 1933, as then in effect, the Pledgee may, in its sole and absolute discretion, sell such Pledged Securities or part thereof by private sale in such manner and under such circumstances as the Pledgee may deem reasonably necessary or advisable in order that such sale may legally be 186 EXHIBIT H Page 11 effected without such registration. Without limiting the generality of the foregoing, in any such event the Pledgee, in its sole and absolute discretion (i) may proceed to make such private sale notwithstanding that a registration statement for the purpose of registering such Pledged Securities or part thereof shall have been filed under such Securities Act, (ii) may approach and negotiate with a single possible purchaser to effect such sale, and (iii) may restrict such sale to a purchaser who will represent and agree that such purchaser is purchasing for its own account, for investment, and not with a view to the distribution or sale of such Pledged Securities by or part thereof. In the Collateral Agent event of any such sale, the Pledgee shall incur no responsibility or liability for selling all or any other Secured Party expressly for use therein. Each Pledgor further agrees, upon such written request referred to above, to use its best efforts to qualify, file or register, or cause the issuer of such Pledged Securities to qualify, file or register, any part of the Pledged Securities at a price which the Pledgee, in its sole and absolute discretion, in good faitx xxxxx xxxsonable under the Blue Sky or other securities laws of such states circumstances, notwithstanding the possibility that a substantially higher price might be realized if the sale were deferred until after registration as may be requested by the Collateral Agent and keep effective, or cause to be kept effective, all such qualifications, filings or registrations. Each Pledgor will bear all costs and expenses of carrying out its obligations under this Section 12. Each Pledgor acknowledges that there is no adequate remedy at law for failure by it to comply with the provisions of this Section 12 and that such failure would not be adequately compensable in damages, and therefore agrees that its agreements contained in this Section 12 may be specifically enforcedaforesaid.
Appears in 1 contract
Registration, etc. Each Pledgor agrees that, upon the occurrence and during the continuance of an Event of Default hereunder, if for any reason the Collateral Agent desires to sell any of the Pledged Securities of the Borrower at a public sale, it will, at any time and from time to time, upon the written request of the Collateral Agent, use its best efforts to take or to cause the issuer of such Pledged Securities to take such action and prepare, distribute and/or file such documents, as are required or advisable in the reasonable opinion of counsel for the Collateral Agent to permit the public sale of such Pledged Securities. Each Pledgor further agrees to indemnify, defend and hold harmless the Collateral Agent, each other Secured Party, any underwriter and their respective officers, directors, affiliates Affiliates and controlling persons Persons from and against all loss, liability, expenses, costs of counsel (including, without limitation, reasonable and documented fees and expenses to the Collateral Agent of legal counsel), ) and claims (including the costs of investigation) that they may incur insofar as such loss, liability, expense or claim arises out of or is based upon any alleged untrue statement of a material fact contained in any prospectus (or any amendment or supplement thereto) or in any notification or offering circular, or arises out of or is based upon any alleged omission to state a material fact required to be stated therein or necessary to make the statements in any thereof not misleading, except insofar as the same may have been caused by any untrue statement or omission based upon information furnished in writing to such Pledgor or the issuer of such Pledged Securities by the Collateral Agent or any other Secured Party expressly for use therein. Each Pledgor further agrees, upon such written request referred to above, to use its best efforts to qualify, file or register, or cause the issuer of such Pledged Securities to qualify, file or register, any of the Pledged Securities under the Blue Sky “blue sky” or other securities laws of such states as may be requested by the Collateral Agent and keep effective, or cause to be kept effective, all such qualifications, filings or registrations. Each Pledgor will bear all costs and expenses of carrying out its obligations under this Section 12. Each Pledgor acknowledges that there is no adequate remedy at law for failure by it to comply with the provisions of this Section 12 and that such failure would not be adequately compensable in damages, and therefore agrees that its agreements contained in this Section 12 may be specifically enforced.
Appears in 1 contract
Registration, etc. Each Pledgor agrees that, upon the occurrence and during the continuance of an Event of Default hereunderDefault, if for any reason the Collateral Administrative Agent desires to sell any of the Pledged Securities of the Borrower Collateral at a public sale, it will, at any time and from time to time, upon the written request of the Collateral Administrative Agent, use its best commercially reasonable efforts to take or to cause the issuer of such Pledged Securities Collateral to take such action and prepare, distribute and/or file such documents, as are required or advisable in the reasonable opinion of counsel for the Collateral Administrative Agent to permit the public sale of such Pledged SecuritiesCollateral. Each Pledgor further agrees to indemnify, defend and hold harmless the Collateral Administrative Agent, each other Secured Party, any underwriter and their respective officers, directors, affiliates and controlling persons from and against all loss, liability, expenses, costs of counsel (including, without limitation, including reasonable fees and expenses to the Collateral Administrative Agent of legal counsel), and claims (including the costs of investigation) that they may incur insofar as such loss, liability, expense or claim arises out of or is based upon any alleged untrue statement of a material fact contained in any prospectus (or any amendment or supplement thereto) or in any notification or offering circular, or arises out of or is based upon any alleged omission to state a material fact required to be stated therein or necessary to make the statements in any thereof not misleading, except insofar as the same may have been caused by any untrue statement or omission based upon information furnished in writing to such Pledgor or the issuer of such Pledged Securities Collateral by the Collateral Administrative Agent or any other Secured Party expressly for use therein. Each Pledgor further agrees, upon such written request referred to above, to use its best commercially reasonable efforts to qualify, file or register, or cause the issuer of such Pledged Securities Collateral to qualify, file or register, any of the Pledged Securities Collateral under the Blue Sky or other securities laws of such states as may be reasonably requested by the Collateral Administrative Agent and keep effective, or cause to be kept effective, all such qualifications, filings or registrations. Each Pledgor will bear all costs and expenses of carrying out its obligations under this Section 125.05. Each Pledgor acknowledges that there is no adequate remedy at law for failure by it to comply with the provisions of this Section 12 5.05 only and that such failure would not be adequately compensable in damagesdamages and, and therefore therefore, agrees that its agreements contained in this Section 12 5.05 may be specifically enforced.. [Intentionally Omitted]
Appears in 1 contract
Samples: Collateral Agreement (Hexion Specialty Chemicals, Inc.)
Registration, etc. Each Pledgor The Guarantor agrees that, upon the occurrence and during the continuance of an Event of Default hereunderDefault, if for any reason the Collateral Agent desires to sell any of the Pledged Securities of the Borrower Collateral at a public sale, it will, at any time and from time to time, upon the written request of the Collateral Agent, use its best commercially reasonable efforts to take or to cause the issuer of such Pledged Securities Borrower to take such action and prepare, distribute and/or file such documents, as are required or advisable in the reasonable opinion of counsel for the Collateral Agent to permit the public sale of such Pledged SecuritiesCollateral. Each Pledgor The Guarantor further agrees to indemnify, defend and hold harmless the Collateral Agent, each other Secured Party, any underwriter and their respective officers, directors, affiliates and controlling persons from and against all loss, liability, expenses, costs of counsel (including, without limitation, including reasonable fees and expenses to the Collateral Agent of legal counsel), and claims (including the costs of investigation) that they may incur insofar as such loss, liability, expense or claim arises out of or is based upon any alleged untrue statement of a material fact contained in any prospectus (or any amendment or supplement thereto) or in any notification or offering circular, or arises out of or is based upon any alleged omission to state a material fact required to be stated therein or necessary to make the statements in any thereof not misleading, except insofar as the same may have been caused by any untrue statement or omission based upon information furnished in writing to such Pledgor the Guarantor or the issuer of such Pledged Securities Collateral by the Collateral Agent or any other Secured Party expressly for use therein. Each Pledgor The Guarantor further agrees, upon such written request referred to above, to use its best commercially reasonable efforts to qualify, file or register, or cause the issuer of such Pledged Securities Collateral to qualify, file or register, any of the Pledged Securities Collateral under the Blue Sky or other securities laws of such states as may be reasonably requested by the Collateral Agent and keep effective, or cause to be kept effective, all such qualifications, filings or registrations. Each Pledgor The Guarantor will bear all costs and expenses of carrying out its obligations under this Section 124.04. Each Pledgor The Guarantor acknowledges that there is no adequate remedy at law for failure by it to comply with the provisions of this Section 12 4.04 only and that such failure would not be adequately compensable in damagesdamages and, and therefore therefore, agrees that its agreements contained in this Section 12 4.04 may be specifically enforced.
Appears in 1 contract
Registration, etc. Each Subsidiary Pledgor agrees that, upon the occurrence and during the continuance of an Event of Default hereunderof which the Collateral Trustee shall have received written notice from the Agent or a Trustee under the applicable Debt Instrument, if for any reason the Collateral Agent Trustee desires to sell any of the Pledged Securities of the Borrower at a public sale, it will, at any time and from time to time, upon the written request of the Collateral AgentTrustee, use its best efforts to take or to cause the issuer of such Pledged Securities to take such action and prepare, distribute and/or file such documents, as are required or advisable in the reasonable opinion of counsel for the Collateral Agent Trustee to permit the public sale of such Pledged Securities. Each Subsidiary Pledgor further agrees to indemnify, defend and hold harmless the Collateral AgentTrustee, each other Secured Party, any underwriter and their respective officers, directors, affiliates and controlling persons from and against all loss, liability, expenses, costs of counsel (including, without limitation, reasonable fees and expenses to the Collateral Agent Trustee of legal counsel), and claims (including the costs of investigation) that they may incur insofar as such loss, liability, expense or claim arises out of or is based upon any alleged untrue statement of a material fact contained in any prospectus (or any amendment or supplement thereto) or in any notification or offering circular, or arises out of or is based upon any alleged omission to state a material fact required to be stated therein or necessary to make the statements in any thereof not misleading, except insofar as the same may have been caused by any untrue statement or omission based upon information furnished in writing to such Subsidiary Pledgor or the issuer of such Pledged Securities by the Collateral Agent Trustee or any other Secured Party expressly for use therein. Each Subsidiary Pledgor further agrees, upon such written request referred to above, to use its best efforts to qualify, file or register, or cause the issuer of such Pledged Securities to qualify, file or register, any of the Pledged Securities under the Blue Sky or other securities laws of such states as may be requested by the Collateral Agent Trustee and keep effective, or cause to be kept effective, all such qualifications, filings or registrations. Each Subsidiary Pledgor will bear all costs and expenses of carrying out its obligations under this Section 1213. Each Subsidiary Pledgor acknowledges that there is no adequate remedy at law for failure by it to comply with the provisions of this Section 12 13 and that such failure would not be adequately compensable in damages, and therefore agrees that its agreements contained in this Section 12 13 may be specifically enforced.
Appears in 1 contract
Samples: Shared Collateral Pledge Agreement (Allied Waste Industries Inc)
Registration, etc. Each Pledgor agrees that, upon the occurrence and during the continuance of (a) If an Event of Default hereundershall have ------------------ occurred and be continuing then, if for and in every such case, upon receipt by any reason Pledgor from the Collateral Agent desires to sell any of the Pledged Securities of the Borrower at a public sale, it will, at any time and from time to time, upon the written request or requests that such Pledgor cause any registration, qualification or compliance under any Federal or state securities law or laws to be effected with respect to all or any part of the Collateral Agentconsisting of Stock, use Limited Liability Company Interests or Partnership Interests, such Pledgor as soon as practicable and at its best efforts expense will cause such registration to take be effected (and be kept effective) and will cause such qualification and compliance to be declared effected (and be kept effective) as may be so requested and as would permit or to cause facilitate the issuer sale and distribution of such Pledged Collateral, including, without limitation, registration under the Securities to take such action and prepare, distribute and/or file such documentsAct, as are then in effect (or any similar statute then in effect), appropriate qualifications under applicable blue sky or other state securities laws and appropriate compliance with any other government requirements, provided that the Collateral Agent shall furnish to such Pledgor -------- such information regarding the Collateral Agent as such Pledgor may reasonably request in writing and as shall be required in connection with any such registration, qualification or advisable in the reasonable opinion of counsel for compliance. Such Pledgor will cause the Collateral Agent to permit be kept advised in writing as to the public sale progress of each such Pledged Securities. Each Pledgor further agrees registration, qualification or compliance and as to indemnifythe completion thereof, defend will furnish to the Collateral Agent such number of prospectuses, offering circulars or other documents incident thereto as the Collateral Agent from time to time may reasonably request, and hold harmless will indemnify the Collateral Agent, each other Secured Party, any underwriter Creditor and their respective officers, directors, affiliates and controlling persons from and all others participating in the distribution of such Collateral against all lossclaims, liabilitylosses, expenses, costs of counsel damages and liabilities caused by any untrue statement (including, without limitation, reasonable fees and expenses to the Collateral Agent of legal counsel), and claims (including the costs of investigation) that they may incur insofar as such loss, liability, expense or claim arises out of or is based upon any alleged untrue statement statement) of a material fact contained in any prospectus therein (or any amendment or supplement thereto) or in any related registration statement, notification or offering circular, the like) or arises out of by any omission (or is based upon any alleged omission omission) to state therein (or in any related registration statement, notification or the like) a material fact required to be stated therein or necessary to make the statements in any thereof therein not misleading, except insofar as the same may have been caused by any an untrue statement or omission based upon information furnished in writing to such Pledgor or the issuer of such Pledged Securities by the Collateral Agent or any such other Secured Party Creditor expressly for use therein. Each Pledgor further agrees, upon such written request referred to above, to use its best efforts to qualify, file or register, or cause the issuer of such Pledged Securities to qualify, file or register, .
(b) If at any of the Pledged Securities under the Blue Sky or other securities laws of such states as may be requested by time when the Collateral Agent shall determine to exercise its right to sell all or any part of the Collateral pursuant to Section 3.10 hereof, and keep effective, such Collateral or cause the part thereof to be kept effectivesold shall not, all for any reason whatsoever, be effectively registered under the Securities Act, as then in effect, the Collateral Agent may, in its sole and absolute discretion, sell such qualifications, filings Collateral or registrations. Each Pledgor will bear all costs part thereof by private sale in such manner and expenses of carrying out its obligations under this Section 12. Each Pledgor acknowledges that there is no adequate remedy at law for failure by it to comply with such circumstances as the provisions of this Section 12 and Collateral Agent may deem necessary or advisable in order that such failure would not sale may legally be adequately compensable effected without such registration. Without limiting the generality of the foregoing, in damagesany such event the Collateral Agent, in its sole and absolute discretion (i) may proceed to make such private sale notwithstanding that a registration statement for the purpose of registering such Collateral or part thereof shall have been filed under the Securities Act, (ii) may approach and negotiate with a single possible purchaser to effect such sale, and therefore agrees (iii) may restrict such sale to a purchaser who will represent and agree that such purchaser is purchasing for its agreements contained own account, for investment, and not with a view to the distribution or sale of such Collateral or part thereof. In the event of any such sale, the Collateral Agent shall incur no responsibility or liability for selling all or any part of the Collateral at a price which the Collateral Agent, in this Section 12 may its sole and absolute discretion, in good xxxxx xxxxx reasonable under the circumstances, notwithstanding the possibility that a substantially higher price might be specifically enforcedrealized if the sale were deferred until after registration as aforesaid.
Appears in 1 contract
Samples: Increasing Rate Note Purchase and Loan Agreement (Wyndham International Inc)
Registration, etc. Each Pledgor agrees that, upon the occurrence (a) If there shall have occurred and during the continuance of be continuing an Event of Default hereunderthen, if for and in every such case, upon receipt by any reason Pledgor from the Collateral Agent desires Pledgee of a written request or requests that such Pledgor cause any registration, qualification or compliance under any Federal or state securities law or laws to sell be effected with respect to all or any part of the Pledged Securities of Securities, Limited Liability Company Interests or Partnership Interests of, or owned by, such Pledgor, such Pledgor as soon as practicable and at its expense will cause such registration to be effected (and be kept effective) and will cause such qualification and compliance to be declared effected (and be kept effective) as may be so requested and as would permit or facilitate the Borrower at a public sale, it will, at any time sale and from time to time, upon the written request of the Collateral Agent, use its best efforts to take or to cause the issuer distribution of such Pledged Securities to take such action and prepareCollateral, distribute and/or file such documents, as are required or advisable in the reasonable opinion of counsel for the Collateral Agent to permit the public sale of such Pledged Securities. Each Pledgor further agrees to indemnify, defend and hold harmless the Collateral Agent, each other Secured Party, any underwriter and their respective officers, directors, affiliates and controlling persons from and against all loss, liability, expenses, costs of counsel (including, without limitation, reasonable fees registration under the Securities Act, as then in effect (or any similar statute then in effect), appropriate qualifications under applicable blue sky or other state securities laws and expenses appropriate compliance with any other government requirements, provided, that the Pledgee shall furnish to such Pledgor such information regarding the Pledgee as such Pledgor may reasonably request in writing and as shall be required in connection with any such registration, qualification or compliance. The respective Pledgor will cause the Pledgee to be kept advised in writing as to the Collateral Agent progress of legal counsel)each such registration, qualification or compliance and as to the completion thereof, will furnish to the Pledgee such number of prospectuses, offering circulars or other documents incident thereto as the Pledgee from time to time may reasonably request, and claims will indemnify the Pledgee, each other Secured Creditor and all others participating in the distribution of such Collateral against all claims, losses, damages and liabilities caused by any untrue statement (including the costs of investigation) that they may incur insofar as such loss, liability, expense or claim arises out of or is based upon any alleged untrue statement statement) of a material fact contained in any prospectus therein (or any amendment or supplement thereto) or in any related registration statement, notification or offering circular, the like) or arises out of by any omission (or is based upon any alleged omission omission) to state therein (or in any related registration statement, notification or the like) a material fact required to be stated therein or necessary to make the statements in any thereof therein not misleading, except insofar as the same may have been caused by any an untrue statement or omission based upon information furnished in writing to such Pledgor or the issuer of such Pledged Securities by the Collateral Agent Pledgee or any such other Secured Party Creditor expressly for use therein. Each Pledgor further agrees.
(b) If at any time when the Pledgee shall determine to exercise its right to sell all or any part of the Collateral consisting of Securities, upon Limited Liability Company Interests or Partnership Interests pursuant to Section 7 hereof, and the Collateral or the part thereof to be sold shall not, for any reason whatsoever, be effectively registered under the Securities Act, as then in effect, the Pledgee may, in its sole and absolute discretion, sell such written request referred to aboveCollateral, to use its best efforts to qualify, file or registeras the case may be, or cause part thereof by private sale in such manner and under such circumstances as the issuer Pledgee may deem necessary or advisable in order that such sale may legally be effected without such registration. Without limiting the generality of the foregoing, in any such event the Pledgee, in its sole and absolute discretion (i) may proceed to make such private sale notwithstanding that a registration statement for the purpose of registering such Collateral or part thereof shall have been filed under such Securities Act, (ii) may approach and negotiate with a single possible purchaser to effect such sale, and (iii) may restrict such sale to a purchaser who will represent and agree that such purchaser is purchasing for its own account, for investment, and not with a view to the distribution or sale of such Pledged Securities to qualifyCollateral or part thereof. In the event of any such sale, file the Pledgee shall incur no responsibility or register, liability for selling all or any part of the Pledged Securities Collateral at a price which the Pledgee, in its sole and absolute discretion, in good faith deems reasonable under the Blue Sky or other securities laws of such states circumstances, notwithstanding the xxxxxxxxxxx that a substantially higher price might be realized if the sale were deferred until after registration as may be requested by the Collateral Agent and keep effective, or cause to be kept effective, all such qualifications, filings or registrations. Each Pledgor will bear all costs and expenses of carrying out its obligations under this Section 12. Each Pledgor acknowledges that there is no adequate remedy at law for failure by it to comply with the provisions of this Section 12 and that such failure would not be adequately compensable in damages, and therefore agrees that its agreements contained in this Section 12 may be specifically enforcedaforesaid.
Appears in 1 contract
Registration, etc. Each Pledgor agrees that, upon the occurrence (a) If there shall have occurred and during the continuance of be continuing an Event of Default hereunderthen, if for any reason the Collateral Agent desires to sell any of the Pledged Securities of the Borrower at a public sale, it will, at any time and from time to timein every such case, upon receipt by any Pledgor from the Pledgee of a written request or requests that such Pledgor cause any registration, qualification or compliance under any Federal or state securities law or laws to be effected with respect to all or any part of the Collateral Agentconsisting of Securities, Limited Liability Company Interests or Partnership Interests, such Pledgor as soon as practicable and at its expense will use its best reasonable efforts to take or cause such registration to be effected (and be kept effective) and will use its reasonable efforts to cause such qualification and compliance to be declared effected (and be kept effective) as may be so requested and as would permit or facilitate the issuer sale and distribution of such Pledged Securities to take such action and prepareCollateral, distribute and/or file such documents, as are required or advisable in the reasonable opinion of counsel for the Collateral Agent to permit the public sale of such Pledged Securities. Each Pledgor further agrees to indemnify, defend and hold harmless the Collateral Agent, each other Secured Party, any underwriter and their respective officers, directors, affiliates and controlling persons from and against all loss, liability, expenses, costs of counsel (including, without limitation, reasonable fees registration under the Securities Act, as then in effect (or any similar statute then in effect), appropriate qualifications under applicable blue sky or other state securities laws and expenses appropriate compliance with any other government requirements, provided, that the Pledgee shall furnish to such Pledgor such information regarding the Pledgee as such Pledgor may reasonably request in writing and as shall be required in connection with any such registration, qualification or compliance. Such Pledgor will cause the Pledgee to be kept reasonably advised in writing as to the Collateral Agent progress of legal counsel)each such registration, qualification or compliance and as to the completion thereof, will furnish to the Pledgee such number of prospectuses, offering circulars or other documents incident thereto as the Pledgee from time to time may reasonably request, and claims will indemnify the Pledgee, each other Secured Creditor and all others participating in the distribution of such Collateral against all claims, losses, damages and liabilities caused by any untrue statement (including the costs of investigation) that they may incur insofar as such loss, liability, expense or claim arises out of or is based upon any alleged untrue statement statement) of a material fact contained in any prospectus therein (or any amendment or supplement thereto) or in any related registration statement, notification or offering circular, the like) or arises out of by any omission (or is based upon any alleged omission omission) to state therein (or in any related registration statement, notification or the like) a material fact required to be stated therein or necessary to make the statements in any thereof therein not misleading, except insofar as the same may have been caused by any an untrue statement or omission based upon information furnished in writing to such Pledgor or the issuer of such Pledged Securities by the Collateral Agent Pledgee or any such other Secured Party Creditor expressly for use therein. Each Pledgor further agrees.
(b) If at any time when the Pledgee shall determine to exercise its right to sell all or any part of the Collateral consisting of Securities, upon Limited Liability Company Interests or Partnership Interests pursuant to Section 7 hereof, and the Collateral or the part thereof to be sold shall not, for any reason whatsoever, be effectively registered under the Securities Act, as then in effect, the Pledgee may, in its sole and absolute discretion, sell such written request referred to aboveCollateral, to use its best efforts to qualify, file or registeras the case may be, or cause part thereof by private sale in such manner and under such circumstances as the issuer Pledgee may deem necessary or advisable in order that such sale may legally be effected without such registration. Without limiting the generality of the foregoing, in any such event the Pledgee, in its sole and absolute discretion (i) may proceed to make such private sale notwithstanding that a registration statement for the purpose of registering such Collateral or part thereof shall have been filed under such Securities Act, (ii) may approach and negotiate with a single possible purchaser to effect such sale, and (iii) may restrict such sale to a purchaser who will represent and agree that such purchaser is purchasing for its own account, for investment, and not with a view to the distribution or sale of such Pledged Securities to qualifyCollateral or part thereof. In the event of any such sale, file the Pledgee shall incur no responsibility or register, liability for selling all or any part of the Pledged Securities Collateral at a price which the Pledgee, in its sole and absolute discretion, in good faith deems reasonable under the Blue Sky or other securities laws of such states circumstances, notwithstanding xxx xxxxxxxlity that a substantially higher price might be realized if the sale were deferred until after registration as may be requested by the Collateral Agent and keep effective, or cause to be kept effective, all such qualifications, filings or registrations. Each Pledgor will bear all costs and expenses of carrying out its obligations under this Section 12. Each Pledgor acknowledges that there is no adequate remedy at law for failure by it to comply with the provisions of this Section 12 and that such failure would not be adequately compensable in damages, and therefore agrees that its agreements contained in this Section 12 may be specifically enforcedaforesaid.
Appears in 1 contract
Registration, etc. Each Pledgor agrees that, upon the occurrence and during the continuance of (a) If an Event of Default hereunder, if for any reason shall have occurred and be continuing and the Collateral Agent desires to sell any of Pledgor shall have received from the Pledged Securities of the Borrower at Pledgee a public sale, it will, at any time and from time to time, upon the written request or requests that the Pledgor cause any registration, qualification or compliance under any Federal or state securities law or laws to be effected with respect to all or any part of the Collateral Agentconsisting of Securities, Limited Liability Company Interests or Partnership Interests, the Pledgor as soon as practicable and at its expense will use its best efforts to take or cause such registration to be effected (and be kept effective) and will use its best efforts to cause such qualification and compliance to be effected (and be kept effective) as may be so requested and as would permit or facilitate the issuer sale and distribution of such Pledged Securities to take such action and prepareCollateral consisting of Securities, distribute and/or file such documentsLimited Liability Company Interests or Partnership Interests, as are required or advisable in the reasonable opinion of counsel for the Collateral Agent to permit the public sale of such Pledged Securities. Each Pledgor further agrees to indemnify, defend and hold harmless the Collateral Agent, each other Secured Party, any underwriter and their respective officers, directors, affiliates and controlling persons from and against all loss, liability, expenses, costs of counsel (including, without limitation, reasonable fees registration under the Securities Act of 1933, as then in effect (or any similar statute then in effect), appropriate qualifications under applicable blue sky or other state securities laws and expenses appropriate compliance with any other governmental requirements; PROVIDED, that the Pledgee shall furnish to the Collateral Agent Pledgor such information regarding the Pledgee as the Pledgor may request in writing and as shall be required in connection with any such registration, qualification or compliance. The Pledgor will cause the Pledgee to be kept reasonably advised in writing as to the progress of legal counsel)each such registration, qualification or compliance and as to the completion thereof will furnish to the Pledgee such number of prospectuses, offering circulars and other documents incident thereto as the Pledgee from time to time may reasonably request, and claims will indemnify, to the extent permitted by law, the Pledgee and all other Secured Creditors participating in the distribution of such Collateral consisting of Securities, Limited Liability Company Interests or Partnership Interests against all claims, losses, damages and liabilities caused by any untrue statement (including the costs of investigation) that they may incur insofar as such loss, liability, expense or claim arises out of or is based upon any alleged untrue statement statement) of a material fact contained in any prospectus therein (or any amendment or supplement thereto) or in any related registration statement, notification or offering circular, the like) or arises out of by any omission (or is based upon any alleged omission omission) to state therein (or in any related registration statement, notification or the like) a material fact required to be stated therein or necessary to make the statements in any thereof therein not misleading, except insofar as the same may have been caused by any an untrue statement or omission based upon information furnished in writing to such the Pledgor or the issuer of such Pledged Securities by the Collateral Agent or any other Secured Party Pledgee expressly for use therein.
(b) If at any time when the Pledgee shall determine to exercise its right to sell all or any part of the Collateral consisting of Securities, Limited Liability Company Interests or Partnership Interests pursuant to Section 7, and such Collateral or the part thereof to be sold shall not, for any reason whatsoever, be effectively registered under the Securities Act of 1933, as then in effect, the Pledgee may, in its sole and absolute discretion, sell such Collateral or part thereof by private sale in such manner and under such circumstances as the Pledgee may deem necessary or advisable in order that such sale may legally be effected without such registration. Each Pledgor further agreesWithout 136 limiting the generality of the foregoing, upon in any such written request referred event the Pledgee, in its sole and absolute discretion: (i) may proceed to abovemake such private sale notwithstanding that a registration statement for the purpose of registering such Collateral or part thereof shall have been filed under such Securities Act; (ii) may approach and negotiate with a single possible purchaser to effect such sale; and (iii) may restrict such sale to a purchaser who will represent and agree that such purchaser is purchasing for its own account, for investment, and not with a view to use its best efforts to qualify, file the distribution or register, or cause the issuer sale of such Pledged Securities to qualifyCollateral or part thereof. In the event of any such sale, file the Pledgee shall incur no responsibility or register, liability for selling all or any part of the Pledged Securities Collateral at a price which the Pledgee, in its sole and absolute discretion, may in good faitx xxxx xxxsonable under the Blue Sky or other securities laws of such states circumstances, notwithstanding the possibility that a substantially higher price might be realized if the sale were deferred until the registration as may be requested by the Collateral Agent and keep effective, or cause to be kept effective, all such qualifications, filings or registrations. Each Pledgor will bear all costs and expenses of carrying out its obligations under this Section 12. Each Pledgor acknowledges that there is no adequate remedy at law for failure by it to comply with the provisions of this Section 12 and that such failure would not be adequately compensable in damages, and therefore agrees that its agreements contained in this Section 12 may be specifically enforcedaforesaid.
Appears in 1 contract
Samples: Credit Agreement (Ceres Group Inc)
Registration, etc. Each Pledgor agrees that, upon the occurrence (a) If there shall have occurred and during the continuance of be continuing an Event of Default hereunderthen, if for any reason the Collateral Agent desires to sell any of the Pledged Securities of the Borrower at a public sale, it will, at any time and from time to timein every such case, upon receipt by any Pledgor from the Pledgee of a written request or requests that such Pledgor cause any registration, qualification or compliance under any Federal or state securities law or laws to be effected with respect to all or any part of the Collateral Agentconsisting of Securities, use Limited Liability Company Interests or Partnership Interests, such Pledgor as soon as practicable and at its best efforts expense will cause such registration to take be effected (and be kept effective) and will cause such qualification and compliance to be declared effected (and be kept effective) as may be so requested and as would permit or to cause facilitate the issuer sale and distribution of such Pledged Securities to take such action and prepareCollateral, distribute and/or file such documents, as are required or advisable in the reasonable opinion of counsel for the Collateral Agent to permit the public sale of such Pledged Securities. Each Pledgor further agrees to indemnify, defend and hold harmless the Collateral Agent, each other Secured Party, any underwriter and their respective officers, directors, affiliates and controlling persons from and against all loss, liability, expenses, costs of counsel (including, without limitation, reasonable fees registration under the Securities Act, as then in effect (or any similar statute then in effect), appropriate qualifications under applicable blue sky or other state securities laws and expenses appropriate compliance with any other government requirements, provided, that the Pledgee shall furnish to such Pledgor such information regarding the Pledgee as such Pledgor may reasonably request in writing and as shall be required in connection with any such registration, qualification or compliance. Such Pledgor will cause the Pledgee to be kept advised in writing as to the Collateral Agent progress of legal counsel)each such registration, qualification or compliance and as to the completion thereof, will furnish to the Pledgee such number of prospectuses, offering circulars or other documents incident thereto as the Pledgee from time to time may reasonably request, and claims will indemnify the Pledgee, each other Secured Creditor and all others participating in the distribution of such Collateral against all claims, losses, damages and liabilities caused by any untrue statement (including the costs of investigation) that they may incur insofar as such loss, liability, expense or claim arises out of or is based upon any alleged untrue statement statement) of a material fact contained in any prospectus therein (or any amendment or supplement thereto) or in any related registration statement, notification or offering circular, the like) or arises out of by any omission (or is based upon any alleged omission omission) to state therein (or in any related registration statement, notification or the like) a material fact required to be stated therein or necessary to make the statements in any thereof therein not misleading, except insofar as the same may have been caused by any an untrue statement or omission based upon information furnished in writing to such Pledgor or the issuer of such Pledged Securities by the Collateral Agent Pledgee or any such other Secured Party Creditor expressly for use therein. Each Pledgor further agrees, upon such written request referred to above, to use its best efforts to qualify, file or register, or cause the issuer of such Pledged Securities to qualify, file or register, any of the Pledged Securities under the Blue Sky or other securities laws of such states as may be requested by the Collateral Agent and keep effective, or cause to be kept effective, all such qualifications, filings or registrations. Each Pledgor will bear all costs and expenses of carrying out its obligations under this Section 12. Each Pledgor acknowledges that there is no adequate remedy at law for failure by it to comply with the provisions of this Section 12 and that such failure would not be adequately compensable in damages, and therefore agrees that its agreements contained in this Section 12 may be specifically enforced.
Appears in 1 contract
Samples: Pledge Agreement (Infousa Inc)
Registration, etc. Each Pledgor agrees that, upon the occurrence and during the continuance of an Event of Default hereunderDefault, if for any reason the Collateral Agent desires to sell any of the Pledged Securities of the Borrower at a public sale, it will, at any time and from time to time, upon the written request of the Collateral Agent, use its best efforts to take or to cause the issuer of such Pledged Securities to take such action and prepare, distribute distrib ute and/or file such documents, as are required or advisable in the reasonable opinion of counsel for the Collateral Agent Agent, to permit the public sale of such Pledged Securities. Each Pledgor further jointly and severally agrees to (a) indemnify, defend and hold harmless the Collateral Agent, each the other Secured Party, any underwriter Parties and their respective officers, directors, affiliates and controlling persons from and against all losslosses, liabilityliabilities, expenses, costs of counsel (including, without limitation, including the reasonable fees and expenses of legal counsel to the Collateral Agent of legal counsel), and the Agent) and claims (including the costs of investigation) that they may incur insofar as any such loss, liability, expense expense, cost or claim arises out of or is based upon any alleged untrue statement of a material fact contained in any prospectus prospectus, offering circular or similar document (or any amendment or supplement thereto) or in any notification or offering circular), or arises out of or is based upon any alleged omission to state a material fact required to be stated therein or necessary to make the statements in any thereof not misleading, except insofar as the same may have been caused by any untrue statement or omission based upon information furnished in writing to such any Pledgor or the issuer of such Pledged Securities by the Collateral Agent or any other Secured Party expressly for use therein, and (b) enter into an indemnification agreement with any underwriter of or placement agent for any Pledged Securities, on its standard form, to substantially the same effect. Each Pledgor further agrees, upon such written request referred to above, agrees to use its best all reasonable efforts to qualify, file or register, or cause the issuer of such Pledged Securities to qualify, file or register, any of the Pledged Securities under the Blue Sky or other securities laws of such states as may be requested by the Collateral Agent and keep effective, or cause to be kept effective, all such qualifications, filings or registrations. Each Pledgor The Pledgors will jointly and severally bear all costs and expenses of carrying out its their obligations under this Section 12. Each Pledgor acknowledges that there is no adequate remedy at law for failure by it to comply with the provisions of this Section 12 and that such failure would not be adequately compensable in damages, and therefore agrees that its agreements contained in this Section 12 may be specifically enforced4.
Appears in 1 contract
Samples: Credit Agreement (Ta Operating Corp)
Registration, etc. Each Pledgor agrees that, upon the occurrence and during the continuance of an Event of Default hereunder, if for any reason the Collateral Agent desires to sell any of the Pledged Securities of the Borrower at a public sale, it will, at any time and from time to time, upon the reasonable written request of the Collateral Agent, use its best commercially reasonable efforts to take or to cause the issuer of such Pledged Securities to take such action and prepare, distribute distribute, file and/or file cause to become effective such documents, documents as are required or advisable in the reasonable opinion of counsel for the Collateral Agent to permit the public sale of such Pledged Securities. Each Pledgor further agrees to indemnify, defend and hold harmless the Collateral Agent, each other Secured Party, any underwriter and their respective officers, directors, affiliates and controlling persons Persons (collectively, “indemnitees”) from and against all loss, liability, expenses, costs of counsel (including, without limitation, reasonable fees and out-of-pocket expenses to the Collateral Agent of legal counsel), ) and claims (including the reasonable costs of investigation) that they may incur insofar as such loss, liability, expense or claim arises out of or is based upon any alleged untrue statement of a material fact contained in any prospectus (or any amendment or supplement thereto) or in any notification or offering circular, or arises out of or is based upon any alleged omission to state a material fact required to be stated therein or necessary to make the statements in any thereof not misleading, except insofar as the same may have been caused by any untrue statement or omission based upon information furnished in writing to such Pledgor or the issuer of such Pledged Securities by the Collateral Agent or any other Secured Party expressly for use therein. Each Pledgor further agrees, upon such written request referred to above, to use its reasonable best efforts to qualify, file or register, or cause the issuer of such Pledged Securities to qualify, file or register, any of the Pledged Securities under the Blue Sky or other securities laws of such states as may be requested by the Collateral Agent and keep effective, or cause to be kept effective, all such qualifications, filings or registrations. Each Pledgor will bear all reasonable costs and expenses of carrying out its obligations under this Section 1211. Each Pledgor acknowledges that there is no adequate remedy at law for failure by it to comply with the provisions of this Section 12 11 and that such failure would not be adequately compensable in damages, and therefore agrees that its agreements contained in this Section 12 11 may be specifically enforced.
Appears in 1 contract
Samples: Pledge Agreement (Solutia Inc)