Examples of German Pledge Agreement in a sentence
The bank facility is collateralized by substantially all domestic property and is guaranteed by each domestic subsidiary of the U.S. Borrower and German Subsidiaries (both as defined), other than the entity which holds the Company’s interest in its Louisiana operations and other non-material subsidiaries (as defined), and secured by both a U.S. and German Pledge Agreement (both as defined).
The Post-Confirmation Pledge Agreement dated March 14, 2001 (the "German Pledge Agreement") between the Company and the Administrative Agent.
The Agent shall retain possession of the certificates, evidencing all of the issued and outstanding shares of capital stock pledged pursuant to the U.S. Pledge Agreement and the German Pledge Agreement, in each case accompanied by undated stock powers or its equivalent duly executed in blank.
In case an Event of Default shall occur and BTCo exercises its rights, powers and remedies under the German Pledge Agreement for the protection and enforcement of its rights in respect of the Collateral thereunder, BTCo shall allocate such proceeds to the Banks ratably according to their respective "percentages" as used in determining the Required Banks at such time.
The Agent shall have received the U.S. Pledge Agreement duly executed and delivered by the U.S. Borrower pursuant to which the U.S. Borrower pledges 65% of outstanding capital shares of the German Borrower and, to the extent permitted by applicable law, the German Pledge Agreement pursuant to which the German Borrower pledges the outstanding capital shares of the VOFA Group.