Examples of Holdco Pledge Agreement in a sentence
Upon execution and delivery of the Intermediate Holdco Pledge Agreement, Intermediate Holdco shall automatically become a Guarantor hereunder (only to the extent of its non-recourse obligations under the Intermediate Holdco Pledge Agreement).
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.
In the event that Intermediate Holdco forms any Permitted Intermediate Holdco Subsidiary, (i) Intermediate Holdco shall pledge to the Administrative Agent all of the Equity Interests owned by it in such Permitted Intermediate Holdco Subsidiary, and (ii) such Permitted Intermediate Holdco Subsidiary shall pledge to the Administrative Agent all of the Equity Interests owned by it in the Borrower, in each case, pursuant to a pledge agreement substantially similar to the Holdco Pledge Agreement.