Cash Pledge Agreement definition

Cash Pledge Agreement means that certain Bank Services Cash Pledge Agreement by Borrower in favor of Bank dated as of the Effective Date.

Cash Pledge Agreement means, collectively, each Bank Services Cash Pledge Agreement, dated as of June 26, 2024, between Borrower and Bank, together with any riders or attachments in connection therewith, and any other Bank Services Cash Pledge Agreement between Borrower and Bank with respect to any Blocked Account.

Cash Pledge Agreement means that certain Cash Pledge Agreement of even date herewith between the Maker and the Payee.

Examples of Cash Pledge Agreement in a sentence

• There shall have occurred an Event of Default (as defined below) under that certain Cash Pledge Agreement dated as of January 28, 1992, by and between the Foundation and Health Net.

• Provided that no Event of Default has occurred and is continuing, if Borrower achieves the Cash Pledge Release Milestone, Bank will, at Borrower’s sole cost and expense, promptly release Bank’s security interest in the Pledged Account and terminate the Cash Pledge Agreement.

• This Amendment shall be deemed effective upon (a) the due execution and delivery to Bank of this Amendment by each party hereto, (b) the due execution and delivery to Bank of the Cash Pledge Agreement by each party thereto, and (c) Borrower’s payment of Bank’s legal fees and expenses in connection with the negotiation and preparation of this Amendment.

• If Borrower's Liquidity is less than $15,000,000.00, Borrower agrees to pledge cash collateral to Bank equal to twenty-five percent (25%) of the then outstanding balance under the Committed Term Facility (combining amounts due under all Prime Rate Loans and LIBOR Loans), pursuant to a Cash Pledge Agreement substantially in the form of Exhibit 6.10 annexed hereto.

• Upon the issuance of final certificates of occupancy for each of the Steamboat Residential Units located in the penthouse of the Steamboat Project, the Administrative Agent shall release its lien and security interest in the remaining amount of cash pledged under the Steamboat Cash Pledge Agreement.

More Definitions of Cash Pledge Agreement

Cash Pledge Agreement means a Cash Pledge Agreement made by the Borrower in favor of the Administrative Agent in substantially the form of Exhibit G.

Cash Pledge Agreement is that certain Cash Pledge Agreement dated as of the Third Amendment Effective Date executed by Xxxxxxxx in favor of Bank.”

Cash Pledge Agreement is that certain Bank Services Cash Pledge Agreement dated as of the First Amendment Effective Date executed by Xxxxxxxx in favor of Bank.”

Cash Pledge Agreement is that certain Cash Pledge Agreement dated as of the Effective Date executed by Sonder Hospitality USA Inc. in favor of Bank. “Cayman Islands Electronic Signature Law” is defined in Section 11.9. “CFC” is (a) each Subsidiary that is a “controlled foreign corporation” (within the meaning of Section 957 of the Internal Revenue Code and the U.S. Treasury regulations promulgated thereunder) and (b) each Subsidiary of any such controlled foreign corporation described in clause (a) above. “Change in Control” means (a) at any time, any “person” or “group” (as such terms are used in Sections 13(d) and 14(d) of the Exchange Act), shall become, or obtain rights (whether by means of warrants, options or otherwise) to become, the “beneficial owner” (as defined in Rules 13(d)-3 and 13(d)-5 under the Exchange Act), directly or indirectly, of 49.0% or more of the ordinary voting power for the election of directors, partners, managers and members, as applicable, of Borrower (determined on a fully diluted basis) other than by the sale of Borrower’s equity securities in a public offering or to venture capital or private equity investors so long as Borrower identifies to Bank the venture capital or private equity investors at least seven (7) Business Days prior to the closing of the transaction and provides to Bank a description of the material terms of the transaction; (b) during any period of 12 consecutive months, a majority of the members of the Board of Borrower cease to be composed of individuals (i) who were members of that board or equivalent governing body on the first day of such period, (ii) whose election or nomination to that board or equivalent governing body was approved by individuals referred to in clause (i) above constituting at the time of such election or nomination at least a majority of that board or equivalent governing body or (iii) whose election or nomination to that board or other equivalent governing body was approved by individuals referred to in clauses (i) and (ii) above constituting at the time of such election or nomination at least a majority of that board or equivalent governing body; or (c) except in connection with a transaction permitted by Sections 6.3 at any time, Borrower shall cease to own and control, of record and beneficially, directly or indirectly,100.0% of each class of outstanding stock, partnership, membership, or other ownership interest or other equity securities (other than director’s qualifying shares or other similar s...

Cash Pledge Agreement means a pledge agreement in form and substance satisfactory to the Bank with respect to a Cash Collateral Account.

Cash Pledge Agreement means a Cash Pledge Agreement made by the Borrower in favor of the Administrative Agent in substantially the form of Exhibit F.

Cash Pledge Agreement is that certain Cash Pledge Agreement dated as of the Second Amendment Effective Date executed by Borrower in favor of Bank, but effective only upon the occurrence of a Trigger Event, until the occurrence of the Equity Event.”