Common use of Undertakings by the Pledgor Clause in Contracts

Undertakings by the Pledgor. 6.1. During the term of the Right of Pledge, the Pledgor shall not alienate, pledge or in any other way encumber the Shares or the rights to acquire Shares without the prior written consent of the Pledgee, except for the Permitted Right of Pledge and an encumbrance in accordance with the Revolving Loan Facility Credit Agreement or the Amended Intercreditor Agreement. 6.2. The Pledgor shall as far as possible provide that the Shares and/or rights to acquire Shares it acquires after execution of this Pledge Agreement shall be pledgeable, and that the transferability thereof shall not be more cumbersome than the transferability of the Shares. 6.3. Whenever the Pledgor is aware that the Company is involved in the preparation of a legal merger or demerger as a result of which the Company would cease to exist, the Pledgor shall inform the Pledgee thereof in writing immediately. 6.4. Whenever the Pledgor is aware that actions have been taken for the winding-up, dissolution, administration, bankruptcy, suspension of payments or reorganization of the Company, or that an Event of Statutory Default has occurred, the Pledgor shall inform the Pledgee thereof in writing immediately.

Appears in 2 contracts

Samples: Pledge Agreement (Central European Media Enterprises LTD), Pledge Agreement (CME Media Enterprises B.V.)

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Undertakings by the Pledgor. 6.1. During the term of the Right of Pledge, the Pledgor shall not alienate, pledge or in any other way encumber the Shares or the rights to acquire Shares without the prior written consent of the Pledgee, except for the Permitted Right Rights of Pledge and an encumbrance in accordance with the Revolving Term Loan Facility Credit Agreement or the Amended Intercreditor Agreement. 6.2. The Pledgor shall as far as possible provide that the Shares and/or rights to acquire Shares it acquires after execution of this Pledge Agreement shall be pledgeable, and that the transferability thereof shall not be more cumbersome than the transferability of the Shares. 6.3. Whenever the Pledgor is aware that the Company is involved in the preparation of a legal merger or demerger as a result of which the Company would cease to exist, the Pledgor shall inform the Pledgee thereof in writing immediately. 6.4. Whenever the Pledgor is aware that actions have been taken for the winding-up, dissolution, administration, bankruptcy, suspension of payments or reorganization of the Company, or that an Event of Statutory Default has occurred, the Pledgor shall inform the Pledgee thereof in writing immediately.

Appears in 2 contracts

Samples: Pledge Agreement (Central European Media Enterprises LTD), Pledge Agreement (CME Media Enterprises B.V.)

Undertakings by the Pledgor. 6.1. During the term of the Right of Pledge, the Pledgor shall not alienate, pledge or in any other way encumber the Shares or the rights to acquire Shares without the prior written consent of the PledgeePledgee (acting on the instructions of the Note Trustee), except for the Permitted Right of Pledge and an encumbrance in accordance with Section 11.1 of the Revolving Loan Facility Credit Agreement or the Amended Intercreditor AgreementIndenture. 6.2. The Pledgor shall as far as possible provide that the Shares and/or rights to acquire Shares it he acquires after execution of this Pledge Agreement shall be pledgeable, and that the transferability thereof shall not be more cumbersome than the transferability of the Shares. 6.3. Whenever the Pledgor is aware that the Company is involved in the preparation of a legal merger or demerger as a result of which the Company would cease to exist, the Pledgor shall inform the Pledgee and the Note Trustee thereof in writing immediately. 6.4. Whenever the Pledgor is aware that actions have been taken for the winding-up, dissolution, administration, bankruptcy, suspension of payments or reorganization of the Company, or that an Event of Statutory Default has occurred, the Pledgor shall inform the Pledgee and the Note Trustee thereof in writing immediately.

Appears in 1 contract

Samples: Pledge Agreement (Central European Media Enterprises LTD)

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Undertakings by the Pledgor. 6.1. During the term of the Right of Pledge, the Pledgor shall not alienate, pledge or in any other way encumber the Shares or the rights to acquire Shares without the prior written consent of the Pledgee, except for the Permitted Right of Pledge and an encumbrance in accordance with the provisions of the Revolving Loan Credit Facility Credit Agreement or and/or the Amended Intercreditor AgreementIndenture. 6.2. The Pledgor shall as far as possible provide that the Shares and/or rights to acquire Shares it acquires after execution of this Pledge Agreement shall be pledgeable, and that the transferability thereof shall not be more cumbersome than the transferability of the Shares. 6.3. Whenever the Pledgor is aware that the Company is involved in the preparation of a legal merger or demerger as a result of which the Company would cease to exist, the Pledgor shall inform the Pledgee thereof in writing immediately. 6.4. Whenever the Pledgor is aware that actions have been taken for the winding-up, dissolution, administration, bankruptcy, suspension of payments or reorganization of the Company, or that an Event of Statutory Default has occurred, the Pledgor shall inform the Pledgee thereof in writing immediately.

Appears in 1 contract

Samples: Pledge Agreement (Central European Media Enterprises LTD)

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