Additional Pledged Interests definition
Examples of Additional Pledged Interests in a sentence
Upon the execution and delivery of any Pledge and Security Agreement Addendum, any Additional Pledged Interests, promissory note or other instrument and other Pledged Collateral identified thereon shall thereafter constitute Pledged Collateral to be held by Secured Party pursuant to the terms of this Agreement.
None of the Pledged Interests existing as of the date of this Agreement is, and none of the Additional Pledged Interests hereafter acquired on the date of acquisition thereof will be, registered or qualified under the various Federal or state securities laws of the United States and disposition thereof after an Event of Default may be restricted to one or more private (instead of public) sales in view of the lack of such registration or qualification.
In addition, each Pledgor hereby authorizes the filing of appropriate Uniform Commercial Code financing statements describing the Pledged Collateral (including any Additional Pledged Interests) in order to perfect the Trustee’s security interest therein.
Notwithstanding the above, any Equity Interests that are excepted under the Side Letter (as defined in the Loan Agreement) will not be subject to the provisions of this Section and will not be considered Additional Pledged Interests.
In addition, each Pledgor hereby authorizes the filing of appropriate UCC financing statements for the Pledged Collateral (including any Additional Pledged Interests), as security for the payment and performance of all the Secured Obligations.
In addition, each Pledgor hereby authorizes the filing of appropriate Uniform Commercial Code financing statements describing the Pledged Collateral (including any Additional Pledged Interests) in order to perfect the Trustee's security interest therein.
Upon the execution and delivery of any Pledge Agreement Addendum, any Additional Pledged Interests, promissory note or other instrument and other Pledged Collateral identified thereon shall thereafter constitute Pledged Collateral to be held by the Administrative Agent pursuant to the terms of this Agreement.
In addition, each Pledgor hereby authorizes the filing of appropriate UCC and PPSA financing statements and financing change statements describing the Pledged Collateral (including any Additional Pledged Interests) in order to perfect the Trustee’s security interest therein.
All Additional Pledged Interests when issued or acquired will be fully paid for, and such Grantor will not owe any amount or other obligation to any issuer of such Additional Pledged Interests in exchange for or in connection with the issuance of such Additional Pledged Interests or such Grantor’s status as a partner or a member of any issuer of such Additional Pledged Interests.
All certificates and instruments evidencing any Additional Pledged Interests or other Pledged Collateral shall be delivered to the Collateral Agent promptly after the Pledgors acquire rights therein and held by or on behalf of the Collateral Agent pursuant hereto.