Examples of Existing Pledge Agreements in a sentence
The parties hereto agree that this Agreement amends, restates and continues each of the Existing Pledge Agreements.
All Liens of any kind, nature, or description, whenever and however arising, which any Agent may have on any of the assets and property, real or personal, tangible or intangible, of any Loan Party granted in favor of such Agent pursuant to the Existing Pledge Agreements, shall terminate and be satisfied and released.
All collateral pledged under the Existing Pledge Agreements in the possession of any Agent shall be delivered directly into the possession of Borrower Representative for the benefit of the applicable Loan Party.
This Agreement is executed in amendment and restatement of the Existing Pledge Agreements.
This movement is sometimes described as a disengagement of the state.