Initial Pledgors definition

Initial Pledgors means each of the Subsidiaries listed on Schedule 1.4.
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Initial Pledgors means each of the Subsidiaries listed on Schedule 1.4. “Initial Term Loan” is defined in Section 2.2(a).
Sample 1

Examples of Initial Pledgors in a sentence

  • The Initial Pledgors are hereby authorized to sell, transfer and assign their rights and interest in the Pledged Collateral to the Subsequent Pledgor, provided that the Pledged Collateral shall remain continuing security for the Secured Obligations and that, prior to such sale, transfer and assignment the Subsequent Pledgor shall have reaffirmed the effectiveness of this agreement and security interest granted hereunder with respect to such assigned Pledged Collateral.

  • Such shares of common stock may, in accordance ---- with the terms of Article 8 hereof, be transferred to LEHA ("Subsequent ---------- Pledgor" and, together with the Initial Pledgors, Jo Lernout and Pol ------- Hauspie, the "Pledgors").

  • Such shares of common stock may, in accordance ---- with the terms of Article 6 hereof, be transferred to LEHA ("Subsequent ---------- Pledgor") and, together with the Initial Pledgors, Xxx Lernout and Pol ------- Hauspie the "Pledgors").

  • Each of Oldco and Holding (the "Initial Pledgors") owns, directly or ---------------- indirectly, certain shares of common stock of Lernout & Hauspie Speech Products N.V. ("LHSP").

  • No provision of this Agreement may be waived other than by an instrument in writing signed by the party to be charged with enforcement and no provision of this Agreement may be amended other than by an instrument in writing signed by the Initial Pledgors or the Subsequent Pledgor (as the case may be) and the Purchaser.

Related to Initial Pledgors

  • 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.

  • Pledgors means the Vehicle Trust, BMW LP and the Transferor.

  • Initial Placement shall have the meaning set forth in the preamble hereto.

  • Initial Guarantors shall have the meaning set forth in the preamble.

  • Foreign Guarantors means and includes each Foreign Borrower and each Foreign Subsidiary Guarantor.

  • Initial Borrower has the meaning specified in the preamble hereto.

  • Parent Guarantors means the Company, Holdings I, Holdings II, Holdings III, Holdings IV and Holdings V.

  • Additional Pledged Collateral means all shares of, limited and/or general partnership interests in, and limited liability company interests in, and all securities convertible into, and warrants, options and other rights to purchase or otherwise acquire, stock of, either (i) any Person that, after the date of this Agreement, as a result of any occurrence, becomes a direct Subsidiary of any Grantor or (ii) any issuer of Pledged Stock, any Partnership or any LLC that are acquired by any Grantor after the date hereof; all certificates or other instruments representing any of the foregoing; all Security Entitlements of any Grantor in respect of any of the foregoing; all additional indebtedness from time to time owed to any Grantor by any obligor on the Pledged Notes and the instruments evidencing such indebtedness; and all interest, cash, instruments and other property or Proceeds from time to time received, receivable or otherwise distributed in respect of or in exchange for any or all of the foregoing, provided, that, in no event shall Additional Collateral include any Excluded Equity. Additional Pledged Collateral may be General Intangibles or Investment Property.

  • U.S. Subsidiary Guarantors means (a) each Domestic Subsidiary (other than an Unrestricted Subsidiary) on the Closing Date and (b) each Domestic Subsidiary that becomes a party to the Guarantee after the Closing Date pursuant to Section 9.11.

  • Original Guarantors shall have the meaning assigned to such term in the Preamble hereof.

  • Additional First Lien Secured Parties means the holders of any Additional First Lien Obligations and any trustee, authorized representative or agent of such Additional First Lien Obligations.

  • Additional Guarantors shall have the meaning assigned to such term in the Preamble hereof.

  • ABL Guarantors means the collective reference to (i) Holdings and each wholly owned Material Domestic Subsidiary (as defined in the ABL Credit Agreement) of the Borrower other than any Excluded Subsidiary (as defined in the ABL Credit Agreement), and (ii) any other Person who becomes a guarantor under any ABL Guaranty. The term “ABL Guarantors” shall include all “Guarantors” under and as defined in the ABL Credit Agreement.

  • Subsidiary Pledgor or a "Pledgor" in the Pledge Agreement shall be deemed to include the New Pledgor. The Pledge Agreement is hereby incorporated herein by reference.

  • Luxco is defined in the Preamble.

  • Second Lien Secured Parties means, at any relevant time, the holders of Second Lien Obligations at such time, including without limitation the Second Lien Lenders and the agents under the Second Lien Credit Agreement.

  • Subsidiary Pledge Agreement means that certain Subsidiary Pledge Agreement, dated as of the Agreement Date in favor of the Administrative Agent, for itself and on behalf of the Lenders and the Issuing Bank, substantially in the form of Exhibit N attached hereto, and shall include any similar agreements executed pursuant to Section 5.10 hereof.

  • Holdings Pledge Agreement means the Pledge Agreement of even date herewith executed by Holdings in favor of Agent, on behalf of itself and Lenders, pledging all Stock of Borrower.

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

  • Non-Guarantor Subsidiaries means, as of any date of determination, a collective reference to:

  • Guarantors means Holdings and the Subsidiary Guarantors.

  • Canadian Guarantors means (i) each Canadian Borrower in its capacity as a guarantor under the Canadian Borrowers/Subsidiaries Guarantee and (ii) each other Canadian Subsidiary of Silgan.

  • Additional Grantors shall have the meaning assigned in Section 5.3.

  • Guarantor Subsidiaries has the meaning set forth in the Recitals to this Agreement.

  • Additional First Lien Secured Party means the holders of any Additional First-Lien Obligations and any Authorized Representative with respect thereto, and shall include the Initial Additional First-Lien Secured Parties.

  • Shares Pledge means the first priority pledge of the shares of and in each Borrower to be executed by the Shareholder in favour of the Security Trustee in such form as the Agent and the Majority Lenders may require in their sole discretion and in the plural means both of them;