Initial Pledge Agreement definition

Initial Pledge Agreement. That certain Pledge and Security Agreement, dated as of the Commencement Date, by Penney Tenant Holdings LLC, a Delaware limited liability company (“Initial Pledgor”) in favor of Landlord, as the same may be amended, supplemented or replaced from time to time with Landlord’s prior written consent or otherwise in accordance with the terms of this Lease.
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Initial Pledge Agreement shall have the meaning assigned to such term in the Security Agreement.
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Initial Pledge Agreement shall have the meaning ascribed to it in Section 2.5.1 hereof.
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Examples of Initial Pledge Agreement in a sentence

  • The repayment of all amounts due under the $325,000 Note and $114,000 Note is secured by the pledge by the Shareholders of the Shares pursuant to the terms of the Initial Pledge Agreement.

  • In lieu of the Purchase Price, the consideration to be delivered by Buyer to the Sellers at the Closing shall be paid by issuing two (2) secured promissory notes of Buyer, each in the principal amount of $3.625 million, substantially in the form of Exhibit A hereto (the "Closing Notes"), each of which Notes shall be secured pursuant to a Pledge Agreement in substantially the same for as Exhibit B to this First Amendment (the "Initial Pledge Agreement").

  • This Agreement amends, restates and supersedes the Initial Pledge Agreement in its entirety.

  • This Pledge Agreement continues the pledge and grant of security interests under the Initial Pledge Agreement as reaffirmed by the First Amended and Restated Pledge Agreement and by the Second Amended and Restated Pledge Agreement, pursuant to the terms amended and restated in certain respects as set forth below.

  • The Security Agent (as defined in the Initial Pledge Agreement) shall surrender to the Company the stock certificate evidencing such shares in exchange for a new stock certificate to be held by the Security Agent evidencing such shares (bearing appropriate legends, as described above with respect to the Preferred Stock) duly executed and delivered on behalf of the Company and registered in the name of the Voting Trustee.

  • The Lien created by the Borrower pursuant to the Initial Pledge Agreement governed by English Law shall (a) remain in full force and effect notwithstanding the amendments referred to in Section 2.1 (Amendment to Credit Agreement) above and (b) continue to secure the Secured Obligations.

  • The Credit Facilities have been and continue to be secured by, among other things, the Initial Pledge Agreement, as amended and restated by the First Amended and Restated Pledge Agreement and as further amended and restated by the Second Amended and Restated Pledge Agreement.

  • Pursuant to the First Amended and Restated Credit Agreement, the Pledgors and the Issuers party thereto entered into the Amended and Restated Pledge Agreement dated as of November 3, 1999 (the "FIRST AMENDED AND RESTATED PLEDGE AGREEMENT"), whereby the parties thereto agreed to modify the Initial Pledge Agreement in certain respects as reflected in therein.

  • King World shall transfer to the Manager all outstanding shares of the Company's Common Stock, and the Manager shall transfer such shares to the Voting Trustee in accordance with the Voting Trust Agreement, in each case subject to the Initial Pledge Agreement.


More Definitions of Initial Pledge Agreement

Initial Pledge Agreement shall have the meaning assigned to such term in Recital A hereof.
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Related to Initial Pledge Agreement

  • Holdings Pledge Agreement means the Holdings Pledge Agreement, dated as of the Closing Date, among Holdings and the Collateral Agent.

  • U.S. Pledge Agreement means the pledge agreement substantially in the form of Exhibit 1.01C (it being understood that the pledgors party thereto and schedules thereto shall be reasonably satisfactory to the Administrative Agent), given by the Domestic Credit Parties, as pledgors, to the Collateral Agent to secure the Obligations, and any other pledge agreements that may be given by any Person pursuant to the terms hereof, in each case as the same may be amended and modified from time to time.

  • Equity Pledge Agreement means the Equity Pledge Agreement, dated as of May 15, 2018, among the Company, as pledgor, and the Collateral Agent, as security agent, pursuant to which the Company pledges all of its rights, title and interest in the equity interests in the Permitted Subsidiary to the Collateral Agent, for the benefit of the Secured Parties.

  • Company Pledge Agreement means the Company Pledge Agreement executed and delivered by Company on the Closing Date, substantially in the form of Exhibit XIII annexed hereto, as such Company Pledge Agreement may thereafter be amended, supplemented or otherwise modified from time to time.

  • Stock Pledge Agreement means a stock pledge agreement, in form and substance satisfactory to Agent, executed and delivered by each Borrower that owns Stock of a Subsidiary of Parent.

  • Borrower Pledge Agreement means the Pledge Agreement executed and delivered by the Borrower pursuant to Section 5.1.5, substantially in the form of Exhibit F-1 hereto, as amended, supplemented, restated or otherwise modified from time to time.

  • Parent Pledge Agreement means that certain Pledge Agreement, dated of the date hereof, made by Parent in favor of Agent.

  • Foreign Pledge Agreement means a pledge or charge agreement with respect to the Collateral that constitutes Equity Interests of a Foreign Subsidiary, in form and substance reasonably satisfactory to the Administrative Agent.

  • Canadian Pledge Agreement means a pledge agreement in a form to be agreed upon, and to be executed in favor of the Canadian Administrative Agent, for the benefit of the holders of the Canadian Borrower Obligations, by the Canadian Borrower and each Canadian Guarantor, as amended or modified from time to time in accordance with the terms hereof.

  • Pledge Agreement means the pledge agreement dated as of the Closing Date executed in favor of the Administrative Agent, for the benefit of the holders of the Obligations, by each of the Loan Parties, as amended or modified from time to time in accordance with the terms hereof.

  • Stock Pledge Agreements means each Stock Pledge Agreement of the Borrower and any of its Subsidiaries in substantially the form of Exhibit 4.1B, as amended, restated or supplemented from time to time.

  • Pledge Agreements means the pledge agreements, share mortgages, charges and comparable instruments and documents from time to time executed pursuant to the terms of Section 5.10 in favor of the Administrative Agent for the benefit of the Holders of Secured Obligations as amended, restated, supplemented or otherwise modified from time to time.

  • Credit Support Pledge Agreement The Credit Support Pledge Agreement, dated as of November 24, 1998, among the Master Servicer, GMAC Mortgage Corporation, Combined Collateral LLC and The First National Bank of Chicago (now known as Bank One, National Association), as custodian.

  • Pledge Agreement Supplement means, with respect to each Pledge Agreement, the Pledge Agreement Supplement in the form affixed as an Exhibit to such Pledge Agreement.

  • Negative Pledge Agreement means an agreement in the form of Exhibit H.

  • Subsidiary Pledge Agreement means the Subsidiary Pledge Agreement, in substantially the form attached as Exhibit P hereto, by and among the Subsidiary Guarantors and the Agent for the benefit of the Secured Parties.

  • Share Pledge Agreement has the meaning given such term in the definition of Collateral and Guaranty Requirements.

  • Escrow Account Pledge Agreement means the pledge agreement entered into between the Issuer and the Agent in respect of a first priority pledge over the Escrow Account and all funds held on the Escrow Account from time to time, granted in favour of the Noteholders.

  • Proceeds Account Pledge Agreement means the pledge agreement entered into between the Issuer and the Agent on or prior to the First Issue Date in respect of a first priority pledge over the Proceeds Account and all funds held on the Proceeds Account from time to time, granted in favour of the Agent and the Bondholders (represented by the Agent).

  • Security and Pledge Agreement shall have the meaning set forth in Section 4.01(c).

  • UK Security Agreement means each of the security documents expressed to be governed by the laws of England (as modified, supplemented, amended or amended and restated from time to time) covering certain of such UK Loan Party’s present and future UK Collateral.

  • Pledge Amendment shall have the meaning assigned to such term in Section 5.1 hereof.

  • Guaranty Agreement means an agreement executed by the Guarantors in substantially the form of Exhibit F-2 unconditionally guarantying on a joint and several basis, payment of the Indebtedness, as the same may be amended, modified or supplemented from time to time.

  • Second Lien Security Agreement means the “Security Agreement” as defined in the Second Lien Credit Agreement.

  • First Lien Security Agreement means the “Security Agreement” as defined in the First Lien Credit Agreement.

  • Initial Pledged Shares means, collectively, with respect to each Pledgor, the issued and outstanding shares of capital stock of each issuer described in Schedule 11 annexed to the Perfection Certificate together with all rights, privileges, authority and powers of such Pledgor relating to such interests in each such issuer or under any Organizational Document of each such issuer, and the certificates, instruments and agreements representing such shares of capital stock and any and all interest of such Pledgor in the entries on the books of any financial intermediary pertaining to the Initial Pledged Shares.