PLEDGE AND SECURITY AGREEMENT by AMBASSADORS INTERNATIONAL, INC., THE SUBSIDIARY GUARANTORS PARTY HERETO, and WILMINGTON TRUST FSB, as Collateral Agent Dated as of November 13, 2009Pledge and Security Agreement • November 16th, 2009 • Ambassadors International Inc • Transportation services • New York
This PLEDGE AND SECURITY AGREEMENT dated as of November 13, 2009 (as amended, amended and restated, supplemented or otherwise modified from time to time in accordance with the provisions hereof, this “Agreement”) made by AMBASSADORS INTERNATIONAL, INC., a Delaware corporation (the “Company”), and the Subsidiary Guarantors (as defined in the Indenture referred to below) from time to time party hereto, as pledgors, assignors and debtors (the Company and together with the Subsidiary Guarantors, in such capacities and together with any successors in such capacities, the “Pledgors,” and each, a “Pledgor”), in favor of WILMINGTON TRUST FSB, in its capacity as collateral agent (in such capacity, the “Collateral Agent”).
