Examples of General Partner Pledge Agreement in a sentence
The Parent and the Borrower shall cause 100% of the Equity Interests in all Restricted Subsidiaries to be pledged to the Administrative Agent at all times pursuant to the Guarantee and Collateral Agreement or, if the pledgor thereof is the General Partner, pursuant to the General Partner Pledge Agreement or a substantially similar agreement satisfactory to the Administrative Agent.
Effective upon the Consummation, (i) PLC is hereby released from its obligations under the General Partner Pledge Agreement dated as of September 21, 1999, (ii) each of Panda I and Panda II are hereby released from their respective obligations under the Partnership Interest Pledge Agreement dated as of September 21, 1999, and (iii) TPS II is hereby released from any obligations it may have pursuant to either of the foregoing.
Panda- Brandywine, L.P. further agrees that none of the Security Agent, the Owner Trustee nor GE Capital will have any of the obligations of either a general partner or a limited partner of Panda-Brandywine, L.P. unless such person affirmatively elects to undertake such obligations in accordance with the terms of the foregoing General Partner Pledge Agreement and the Consent of the Power Purchaser.
In reliance on the executed certificate of the Partnership in the form attached hereto as Exhibit A and the provisions of Section 6.1(c) of the Collateral Agency Agreement, the Collateral Agent hereby waives the restrictions of Section 7(b) of the General Partner Pledge Agreement and Section 7(b) of the Limited Partner Pledge Agreement to the extent that such restrictions may be interpreted to prohibit the issuance of a 0.30% general partnership interest to Diamond Georgia, LLC.
The Lender shall have -------------------------------------- received the Borrower Pledge Agreement and the General Partner Pledge Agreement, each dated the Closing Date and duly executed and delivered by the Borrower or the General Partner, as the case may be.
The Borrower shall cause 100% of the Equity Interests owned directly or indirectly by the Borrower or the General Partner in all Restricted Subsidiaries to be pledged to the Administrative Agent at all times pursuant to the Guarantee and Collateral Agreement or, if the pledgor thereof is the General Partner, pursuant to the General Partner Pledge Agreement or a substantially similar agreement reasonably satisfactory to the Administrative Agent.
Xxxxxxxx Title: Senior Vice President Exhibit A to General Partner Pledge Agreement ACKNOWLEDGMENT AND CONSENT Panda-Brandywine, L.P., the Partnership referred to in the foregoing Amended and Restated General Partner Pledge Agreement, hereby acknowledges receipt of a copy thereof and agrees to be bound thereby and to comply with the terms thereof insofar as such terms are applicable to it.
Nothing in this General Partner Pledge Agreement shall be deemed to limit the provisions of the Consent of the Power Purchaser, which provisions are solely for the benefit of the Power Purchaser and not the Pledgor.
Xxxxxx xxxsenting to the amendment of the Amended and Restated General Partner Pledge Agreement, the Amended and Restated Limited Partner Pledge Agreement and the Amended and Restated Aircraft Security Agreement to delete the prohibition on assignment of the Performance Note, the General Partner Promissory Note, the Limited Partner Promissory Note and the Aircraft Note.