Stock Pledge. To evidence and perfect the Liens of Collateral Agent in the Subsidiary Stock, the Company and the Subsidiaries owning other Subsidiaries or Unrestricted Sub- sidiaries shall execute and deliver the Stock Pledge Agreement and will execute and deliver related undated stock powers ex- ecuted in blank by the Company and shall deliver all original certificates representing the Subsidiary Stock to Collateral Agent and will cause all issuers of Subsidiary Stock to execute and deliver pledge acknowledgments pursuant to the Stock Pledge Agreement.
Stock Pledge. As part of the consideration for the provisions of Paragraphs 1 and 2 above, and as new security for the Loan, upon execution hereof the Principals of the Company shall execute and deliver to the applicable escrow agent that certain Stock Pledge Agreement pledging as security for the Loan an aggregate of Three Hundred Thousand (300,000) shares of the Company’s Common Stock owned by them and all documents ancillary thereto required to “perfect” SB’s security. A copy of the Stock Pledge Agreement is attached hereto and incorporated herein as if set forth.
Stock Pledge. To secure the full performance of Shareholder's obligation to MRSC under the Promissory Note, Shareholder hereby grants to MRSC a security interest in the Shares.
Stock Pledge. As security for the full and timely payment and performance of all Obligations now existing or hereafter arising, the Borrower and each Domestic Subsidiary owning any Pledged Stock shall on or before the Closing Date deliver to the Agent, in form and substance reasonably acceptable to the Agent, the Stock Pledge Agreement together with certificates representing such Pledged Stock and such stock powers duly executed in blank as may be required by the Agent in accordance with the terms hereof and thereof. In addition to any Stock Pledge Agreement required to be delivered pursuant to Section 9.21 hereof, the Borrower and each Subsidiary hereby agrees to pledge to the Agent for the benefit of the Lenders (a) 100% of the capital stock and related interests and rights directly or indirectly owned by the Borrower of any Domestic Subsidiary or Domestic Control Subsidiary hereafter acquired or created, (b) 65% of the voting stock and related interests and rights directly or indirectly owned by the Borrower of any Direct Foreign Subsidiary or Direct Foreign Control Subsidiary hereafter acquired or created and (c) 100% of the capital stock and related interests and rights directly or indirectly owned by the Borrower of any Foreign Subsidiary or Foreign Control Subsidiary of the Borrower to the extent such action would not result in any material adverse tax impact on the Borrower and, in each case, to deliver to the Agent a Stock Pledge Agreement substantially in the form of Exhibit G hereto within thirty (30) days of the acquisition or creation of such Subsidiary.
Stock Pledge. The Executive hereby assigns and pledges as security for the payment of this Note, the number of non-voting restricted stock of Carib Holdings, Inc. (the “Restricted Stock”) granted by Carib Holding, Inc. to the Executive as of the Closing Date to the extent that such Restricted Stock shall vest during the term of this Note. The Executive’s payment obligations hereunder shall be secured by a pledge of such vested Restricted Stock. The Executive hereby grants a first priority security interest in, and pledges, the vested Restricted Stock and all proceeds thereon (the pledged vested Restricted Stock, together with the property described in the next paragraph of this Note, and all proceeds of the foregoing, being referred to as the “Pledged Collateral”) to the Executive to secure the satisfaction by the Executive of all of his obligations to EVERTEC under this Note. This pledge shall be governed by all applicable provisions of, and EVERTEC shall have all rights and remedies with respect to the Pledged Collateral of a secured party under, the Commercial Transactions Act of the Commonwealth of Puerto Rico. The Executive agrees to deliver to EVERTEC the share certificate or instruments or other documents representing or evidencing the Restricted Stock accompanied by stock powers, as applicable, duly executed in blank or other instruments of transfer as reasonably satisfactory to EVERTEC and by such other instruments and documents as EVERTEC may from time to time reasonably request. The Executive agrees that he will not (i) sell or otherwise dispose of, or grant any option with respect to, any of the Pledged Collateral without the prior written consent of EVERTEC or (ii) create or permit the existence of any lien upon or with respect to any of the Pledged Collateral, except for the security interest granted hereby. Notwithstanding the foregoing, the Executive shall be entitled to arrange with EVERTEC for a sale by the Executive of the Pledged Collateral, free of the security interest granted hereby, provided that (A) such sale is permitted pursuant to the restricted stock agreement between the Executive and EVERTEC that covers the Pledged Collateral and (B) the Executive directs that the proceeds of such sale first be used to satisfy his obligations pursuant to the second paragraph of this Note and makes such additional agreements to satisfy such obligations in full as may be required by EVERTEC. In the event that, during the term of this Note, any stock dividend...
Stock Pledge. To evidence and perfect the Liens of Collateral Agent in the Subsidiary Stock, the Company and the Subsidiaries owning other Subsidiaries or Unrestricted Sub sidiaries shall execute and deliver the Stock Pledge Agreement and will execute and deliver related undated stock powers executed in blank by the Company and shall deliver all original certificates representing the Subsidiary Stock to Collateral Agent and will cause all issuers of Subsidiary Stock to execute and deliver pledge acknowledgments pursuant to the Stock Pledge Agreement.
Stock Pledge. 43 5.2. Guaranty.......................................................... 43 5.3.
Stock Pledge. (a) As security for the full and timely payment and performance of (i) all Obligations now existing or hereafter arising and (ii) if applicable, its obligations as a Guarantor under the Guaranty Agreement, the Borrowers and each Person owning any Pledged Stock shall on or before the Closing Date deliver to the Agent, in form and substance reasonably acceptable to the Agent, a Pledge Agreement together with certificates representing such Pledged Stock with stock powers duly executed in blank which Pledge Agreements shall pledge to the Agent for the benefit of the Lenders (w) 100% of the capital stock and related interests and rights of any Domestic Subsidiary and any Subsidiary of a Borrowing Subsidiary and (x) not less than 65% of the Voting Stock and 100% of the non-voting common stock and related interests and rights of any Direct Foreign Subsidiary in accordance with the terms hereof and thereof.
(b) BREED and each Subsidiary hereby agree to pledge to the Agent for the benefit of the Lenders (y) 100% of the capital stock and related interests and rights of any Domestic Subsidiary and any Subsidiary of a Borrowing Subsidiary hereafter acquired or created and owned directly or indirectly by BREED and (z) not less than 65% of the Voting Stock and 100% of the non-voting common stock and related interests and rights of any Direct Foreign Subsidiary hereafter acquired or created and, in each case, to deliver to the Agent a Pledge Agreement substantially in the form of Exhibit P-1 or P-2, as applicable within thirty (30) days after the acquisition or creation of such Domestic Subsidiary or Direct Foreign Subsidiary, as the case may be, pursuant to the terms of Section 8.19, hereof; provided, however, in the event the laws or practices of any foreign jurisdiction preclude or prevent the completion or delivery of the Pledge Agreement as provided herein, the Direct Foreign Subsidiary shall have an additional forty-five (45) days to deliver such Pledge Agreement.
Stock Pledge. The Obligations shall be secured by a pledge by the Borrower of all the capital stock of its Subsidiaries owned by Borrower, whether now owned or hereafter acquired, pursuant to the terms of the Stock Pledge Agreement.
Stock Pledge. To secure the full performance of Executive's ------------ obligation to the Company under the Promissory Note, Executive hereby grants to the Company a security interest in the Shares. Such security interest shall be evidenced by a stock pledge agreement in the identical form of the attached exhibit B.
