FIRST PLEDGE AND SECURITY AGREEMENT (Collateral Assignment of Membership Interests)First Pledge and Security Agreement • December 28th, 2004 • J Jill Group Inc • Retail-catalog & mail-order houses • Massachusetts
This FIRST PLEDGE AND SECURITY AGREEMENT (this “Agreement”), dated as of December 27, 2004, by and between J. Jill, GP, a Massachusetts general partnership whose sole partners are The J. Jill Group, Inc., a Delaware corporation (“Borrower”) and J.J. Company, Inc., a Massachusetts corporation (J. Jill, GP is hereafter referred to as the “Assignor”), in favor or Citizens Bank of Massachusetts as Agent for the benefit of and on behalf of all of the Lenders, as such term is defined in that certain Fifth Amended and Restated Loan Agreement dated as of June 29, 2001 as the same has been and may hereafter be amended (collectively, the “Loan Agreement”). Capitalized terms used herein without definition shall have the meanings ascribed to them in the Loan Agreement.
