Initial Pledged Equity definition

Initial Pledged Equity has the meaning specified in the Security Agreement.

Initial Pledged Equity means, with respect to any Grantor, the Equity Interests set forth opposite such Grantor’s name on and as otherwise described in Schedule II and issued by the Persons named therein.

Initial Pledged Equity means the shares of stock and other Equity Interests in any Subsidiary of a Loan Party as set forth opposite each Loan Party’s name on and as otherwise described in Schedule IV hereto.

Examples of Initial Pledged Equity in a sentence

• Annex 2 (Part B) correctly identifies, as at the date hereof, the respective Issuers of the Initial Pledged Equity and (in the case of any corporate Issuer) the respective class and par value thereof and the respective number of shares or interests thereof (and registered owner thereof) represented by each such certificate.

• Power andWater has been developing procedures that outline both the generation and network outage request processes and plans to finalise and publish these in 2020.

• Section 5.5 Certificated securities representing all the Initial Pledged Equity have been delivered to the Collateral Agent in accordance with Section 4.1. None of the Pledged Equity is credited to a “securities account” (within the meaning of Section 8-501(a) of the UCC).

• Section 5.4 The Initial Pledged Equity pledged by such Pledgor constitutes the percentage of the issued and outstanding Capital Stock of the issuers thereof indicated on Schedule II hereto.

• The Initial Pledged Equity pledged by such Pledgor constitutes the percentage of the issued and outstanding Equity Interests of the issuers thereof indicated on Schedule I hereto, which is all of the issued and outstanding Equity Interests in the respective Borrower or Guarantor issuer of such interests.

More Definitions of Initial Pledged Equity

Initial Pledged Equity has the meaning specified in the Term Loan Security Agreement.

Initial Pledged Equity has the meaning assigned to such term in the preamble hereto.

Initial Pledged Equity means the shares of stock or other Equity Interests as described in Part I of Schedule II hereto.

Initial Pledged Equity has the meaning assigned to such term in the recitals.

Initial Pledged Equity means the shares of stock or other equity interests owned by each Grantor set forth opposite such Grantor’s name on and as otherwise described in Part I of Schedule I to this Agreement and issued by the Persons named therein.

Initial Pledged Equity means the Capital Stock of each Issuer beneficially owned by any Securing Party on the date hereof, including the Capital Stock identified in Annex 2 (Part B).

Initial Pledged Equity shall have the meaning specified in the preliminary statements hereto.