Examples of Holdco Pledge Agreement in a sentence
The Borrower covenants and agrees that, in its capacity as a Pledged Share Issuer under (and as defined in) the Holdco Pledge Agreement, it will cooperate in all reasonable respects necessary to enable the Administrative Agent to exercise its rights and remedies under the terms of the Holdco Pledge Agreement.
Holdco acknowledges and agrees that, upon the effective date of this Agreement, the “Obligations” (as defined in the Holdco Pledge Agreement) includes, without limitation, all of the Obligations under the AMT Loan Agreement (as modified and amended herein) and all references to the “Loan Agreement” in the Holdco Pledge Agreement and the Holdco Guaranty shall be deemed to be references to the AMT Loan Agreement (as modified and amended herein).
The Holdco Pledge Agreement, together with any Uniform Commercial Code financing statements relating to the applicable Pledged Collateral when properly filed in the appropriate records, will create a valid, first priority, perfected security interest in Holdco’s interest in the applicable Pledged Collateral, all in accordance with the terms thereof.
The Guarantor will at all times own 100% of the outstanding capital stock and other equity interests of the Borrower free and clear of all Liens (other than Liens created under the Holdco Pledge Agreement), and will not sell or otherwise dispose of any such capital stock or other equity interests.
The Security Agreement, the Holdco Pledge Agreement and such other Loan Documents as the Lender may reasonably require shall have been executed by each of the parties thereto and delivered to the Lender.