Examples of ESOP Pledge Agreement in a sentence
This Note is collateralized by a pledge of stock under an ESOP Pledge Agreement of even date herewith.
Lender shall have no recourse against Borrower’s assets other than such excess contributions, earnings and dividends and the Shares then pledged under the ESOP Pledge Agreement.
No amendment, modification, termination or waiver of any provision in this Agreement, the Note, the ESOP Pledge Agreement, or consent to any departure by Borrower therefrom, shall be effective except for the specific purpose for which given and only then if in writing and signed by the party intending to be bound.
Each of the representations and warranties set forth in this article shall be deemed to be continuing representations and warranties until such time as Borrower has satisfied all of its obligations to Bank, including the obligation to pay in full all principal, interest and other amounts in accordance with the terms of this Agreement, the Note and the ESOP Pledge Agreement.
The ESOP Trust Agreement, ESOP Pledge Agreement, the Trustee’s engagement agreement dated December 21, 2015 (as amended November 18, 2021), and the ESOP Loan Agreement are the only Contracts between the Share Seller or the Trustee, on the one hand, and the Target or any other Company, on the other hand.