Examples of GP Pledge Agreement in a sentence
Each Borrower, and each Guarantor by its signature below, hereby acknowledges and agrees that it has no actual or potential claim or cause of action against Agent or any Lender relating to this Amendment (or any Amendments Documents), the Credit Agreement or any other Credit Document (including the Guaranty and the GP Pledge Agreement) and/or the Obligations arising thereunder or related thereto, in any such case arising on or before the date hereof.
The paragraph headings used in this GP Pledge Agreement are for convenience of reference only and are not to affect the construction hereof or be taken into consideration in the interpretation hereof.
Notwithstanding the foregoing, if the Restructuring is not effective or the LLC fails to execute and deliver to the Pledgee the LLC Pledge Agreement, the Pledgor shall immediately re-execute and deliver to the Pledgee a pledge agreement substantially in the form of the GP Pledge Agreement, granting in favor of the Pledgee for the ratable benefit of the Secured Parties a first-priority security interest in all of the Pledged Property.
Fax: (000) 000-0000 ACKNOWLEDGMENT AND CONSENT The undersigned, the Partnership referred to in the foregoing GP Pledge Agreement, hereby acknowledge receipt of a copy thereof and agree to be bound thereby and to comply with the terms thereof insofar as such terms are applicable to it.
The MLP shall have delivered an acknowledgment and consent to the GP Pledge Agreement, executed by a duly authorized officer of the General Partner on behalf of the MLP, in substantially the form appended to the GP Pledge Agreement.
The Pledgor hereby authorizes the Collateral Agent to file financing statements with respect to the Pledged Collateral in such form and in such filing offices as the Collateral Agent reasonably determines appropriate to perfect the security interests of the Collateral Agent under this GP Pledge Agreement.
By: /s/ Mxxxxx Xxxx Name: Mxxxxx Xxxx Title: Chief Financial Officer Release of GP Pledge Agreement PLEDGEE STANDARD BANK PLC, as Bank and as administrative agent for the Secured Parties By: /s/ Mxxxxx Xxxxxxxx Name: Mxxxxx Xxxxxxxx Title: Senior Vice President By: /s/ Rxxxxxxx X.
By: /s/ Xxxxx Xxxxxxxxxxx --------------------- Name: Xxxxx Xxxxxxxxxxx Title: Senior Vice President and Secretary THE BANK OF NEW YORK, not in its individual capacity but solely as Collateral Agent By: /s/ Xxxx Xxxx Xxxxxxx --------------------- Name: Xxxx Xxxx Xxxxxxx Title: Assistant Vice President Signature Page to Second Amended and Restated GP Pledge Agreement Schedule I CERTIFICATES Certificate No. 1 representing a 1% interest in LSP Energy Limited Partnership.
Solely in order to facilitate the Restructuring and subject to the Pledgor’s performance of its undertakings under Section 2 below, the Pledgee hereby releases and terminates its security interest granted under the GP Pledge Agreement in the Pledged Property.
Any provision of this GP Pledge Agreement which is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.