The Pledge Agreements. Subject to the terms of each Pledge Agreement, the security interests created in favor of the Collateral Agent, as Pledgee, for the benefit of the Secured Creditors under such Pledge Agreement constitute first priority perfected security interests in the Collateral described in such Pledge Agreement, subject to no security interests of any other Person. Other than filings with the Companies House in London, England in connection with the UK Pledge Agreement (which filings shall have been made within 21 days from the Effective Date), no filings or recordings are required in order to perfect (or maintain the perfection or priority of) the security interests created in the Pledged Shares under either Pledge Agreement.
The Pledge Agreements. A secured guaranty and mortgage and security agreement, in form and substance satisfactory to Lender, executed by the Guarantor guarantying the lesser of (i) $7,852,665 of principal plus interest and fees due thereon, or (ii) 12.26% of Borrower's outstanding debt under the Vendor Supported Loans.
The Pledge Agreements. An unsecured guaranty in amount, form and substance satisfactory to Lender, from the Vendor Guarantor.
The Pledge Agreements evidence of any necessary governmental or third party consents or approvals as required by Section 11.4;
The Pledge Agreements. The Mortgage Documents;
The Pledge Agreements. The Agent shall have received the Pledge Agreements, duly executed by each individual Pledgor, together with (i) such membership certificates or other evidence of ownership interest representing all the issued and outstanding Capital Stock or membership units of the Borrower held by the Pledgors, together with undated assignments executed in blank and (ii) such other documents as the Agent may require in connection with the perfection of its security interests therein.
The Pledge Agreements. The provisions of the Pledge Agreements are effective to create, upon effectiveness of the Merger, in favor of the Collateral Agent for the benefit of the Lenders a legal, valid and enforceable security interest in, and/or Lien on, all right, title and interest of L&LR and Cigar in the Collateral described therein. The security interests created in favor of the Collateral Agent, as Pledgee, for the benefit of the Lenders under the Pledge Agreements, upon delivery of the Pledged Stock to the Collateral Agent, will constitute first priority perfected security interests in the Pledged Stock described therein, subject to no security interests of any other Person. No filings or recordings are required in order to perfect (or, assuming the Collateral Agent's continuous possession of the Pledged Stock, maintain the perfection or priority of) the security interests created in the Pledged Stock and the proceeds thereof under the Pledge Agreements.
The Pledge Agreements. 29 5.12 Representations and Warranties in Other Documents... 29 5.13 Properties.......................................... 29 5.14 Capitalization...................................... 29 5.15 Subsidiaries........................................ 29 5.16 Compliance with Statutes, etc....................... 30 5.17 Investment Company Act.............................. 30 5.18 Public Utility Holding Company Act.................. 30 5.19
The Pledge Agreements. Subject to the terms of each Pledge Agreement, the security interests created in favor of the Collateral Agent, as Pledgee, for the benefit of the Secured Creditors under each Pledge Agreement constitute first priority perfected security interests in the Pledged Stock described in such Pledge Agreement, subject to no security interests of any other Person. No filings or recordings are required in order to perfect (or maintain the perfection or priority of) the security interests created in the Pledged Stock under either Pledge Agreement.
The Pledge Agreements upon possession by Agent of the original stock certificates evidencing shares in each of the Guarantors, creates in Agent for the benefit of all of the Banks a valid, perfected and enforceable lien in and to the capital stock described therein.
