Examples of Additional Pledged Securities in a sentence
Upon the execution of this Agreement, the Pledgor shall deliver to the Company the certificates representing the Additional Pledged Securities, together with duly executed forms of assignment sufficient to transfer title thereto to the Company.
The Collateral Agent agrees to apply such amount to purchase the Additional Pledged Securities as contemplated under Section 2(c) of the Pledge Agreement.
Upon such termination, the Secured Party shall deliver to the Pledgor, at the Pledgor's sole expense, all certificates and instruments representing or evidencing the Pledged Borrower Stock to be released in accordance with the foregoing provisions, together with all Additional Pledged Securities and other Collateral (if any) related to the Pledged Borrower Stock to be released held by the Secured Party hereunder.
Upon a default in the payment on performance by the Pledgor of the Obligations, at the election of the Secured Party, the Pledgor shall cause any Additional Pledged Securities to be registered on the books and records of the Borrower in the name of the Secured Party, at the expense of the Pledgor.
All original certificates representing or evidencing the Pledged Stock are held by the Senior Lender on the date hereof (and immediately upon the acquisition of any Additional Pledged Securities), and are or will be the subject of an intercreditor agreement by and between Senior Lender, Lender, Borrower and Pledgor.