STOCK PLEDGE AGREEMENTStock Pledge Agreement • July 27th, 2007 • Pacific Cma Inc • Terminal maintenance facilities for motor freight transport • New York
Contract Type FiledJuly 27th, 2007 Company Industry JurisdictionTHIS STOCK PLEDGE AGREEMENT (as may be amended, restated, supplemented or otherwise modified from time to time, this “Agreement”) is dated and made as of July 17, 2007 by Airgate International Corporation, a New York corporation (the “Pledgor”), in favor of BHC Interim Funding II, L.P., a Delaware limited partnership (the “Lender”).
ContractStock Pledge Agreement • July 27th, 2007 • Pacific Cma Inc • Terminal maintenance facilities for motor freight transport • New York
Contract Type FiledJuly 27th, 2007 Company Industry JurisdictionThis Stock Pledge Agreement is subject to the terms of a Subordination and Intercreditor Agreement (the “Intercreditor Agreement”) dated as of July 17, 2007 by and among BHC Interim Funding II, L.P. (“BHC”), Wells Fargo Bank, National Association (“Wells Fargo”), acting through its Wells Fargo Business Credit operating division, the Borrower and the Guarantors, which Intercreditor Agreement is incorporated herein by reference. Notwithstanding any statement to the contrary in this Stock Pledge Agreement, (i) no payment on account of principal, interest, fees or other amounts shall become due or be paid except in accordance with the terms of the Intercreditor Agreement, and (ii) any security interest, lien, pledge or encumbrance granted to BHC shall be subordinate to the security interest, lien, pledge or encumbrance granted to Wells Fargo and shall be enforceable only in accordance with the terms of the Intercreditor Agreement until such time when the Senior Debt (as defined in the Inte
STOCK PLEDGE AGREEMENTStock Pledge Agreement • July 27th, 2007 • Pacific Cma Inc • Terminal maintenance facilities for motor freight transport • New York
Contract Type FiledJuly 27th, 2007 Company Industry JurisdictionTHIS STOCK PLEDGE AGREEMENT (as may be amended, restated, supplemented or otherwise modified from time to time, this “Agreement”) is dated and made as of July 17, 2007 by Pacific CMA, Inc., a Delaware corporation (the “Pledgor”), in favor of BHC Interim Funding II, L.P., a Delaware limited partnership (the “Lender”).