ESOP Pledge Agreement definition
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.
The foregoing representations and warranties in this article shall survive the execution and delivery of this Agreement, the Note, the ESOP Pledge Agreement, and the other Loan Documents and the making and repayment of the Loans.
As of the date of the Agreement, the rights and obligations of the Company and the Trust under the 1991 ESOP Note, 1991 ESOP Loan Agreement and 1991 ESOP Pledge Agreement, all as previously modified on September 26, 1997, shall be as provided in this Agreement and the 2000 Renewal ESOP Note.
EMPLOYEE STOCK OWNERSHIP PLAN This ESOP Pledge Agreement (the "Pledge Agreement") dated March 28, 2000 is entered into by and between ▇▇▇▇▇▇ BROS.