Limited Recourse Pledge Agreement definition

Limited Recourse Pledge Agreement means the Second Lien Limited Recourse Guaranty and Pledge Agreement, substantially in the form of Exhibit Q hereto, executed by each Lighthouse Common Equity Holder and the Administrative Agent for the benefit of the Secured Parties, as supplemented by any Limited Recourse Pledge Agreement Joinder Agreement in accordance with the terms of Section 5.12(c) hereof.
Sample 1
Limited Recourse Pledge Agreement means the First Lienany Limited Recourse Guaranty and Pledge Agreement, substantially in the form of Exhibit Q heretoin form and substance reasonably satisfactory to the Administrative Agent (it being understood and agreed that the form attached as Exhibit Q to this Agreement, as in effect immediately prior to the Fourth Amendment Effective Date, is satisfactory to the Administrative Agent), executed by eacha Lighthouse Common Equity Holder and the Administrative Agent for the benefit of the Secured Parties, as supplemented by any Limited Recourse Pledge Agreement Joinder Agreement in accordance with the terms of Section 5.12(c) hereof.pursuant to which the Lighthouse Common Units held by such Lighthouse Common Equity Holder shall be pledged as Collateral for the benefit of the Secured Parties for so long as the Borrower is Privately Held.
Sample 1
Limited Recourse Pledge Agreement each Limited Recourse Guarantee and Pledge Agreement by and between the Limited Recourse Pledgors and the Administrative Agent.
Sample 1

Examples of Limited Recourse Pledge Agreement in a sentence

  • If any Pledgor party to the Limited Recourse Pledge Agreement acquires certificated Securities during the fourth Fiscal Quarter of any Fiscal Year, the documents and deliverables required under Section 5.02(a) of the Limited Recourse Pledge Agreement must be delivered within 60 days after the end of such Fiscal Quarter.

  • Upon the request of the Administrative Agent at any time, the Required Lenders will confirm in writing the Administrative Agent’s authority to release or subordinate its interest in particular types or items of property, or to release any Loan Party and/or any Lighthouse Common Equity Holder from its obligations under the Loan Guaranty and/or the Limited Recourse Pledge Agreement or its Lien on any Collateral pursuant to this Article 8.

  • Ensure that all Capital Stock of Borrower is subject to a perfected, first priority Lien in favor of the Administrative Agent pursuant to a Limited Recourse Pledge Agreement.

  • This Agreement shall be deemed to be continuing in nature and shall remain in full force and effect and shall survive the exercise of any remedy by the Administrative Agent or the Collateral Agent under the Limited Recourse Pledge Agreement, the Security Agreement or any of the other Loan Documents.

  • By accepting the benefits of the Collateral or collateral pledged pursuant to a Limited Recourse Pledge Agreement, each Secured Party that is a party to any such Specified Swap Agreement or a Bank Services Provider shall be deemed to have appointed the Administrative Agent to serve as administrative agent and collateral agent under the Loan Documents and agreed to be bound by the Loan Documents as a Secured Party thereunder, subject to the limitations set forth in this paragraph.

  • The Administrative Agent authorizes each pledgor party to a Limited Recourse Pledge Agreement, after the Closing Date, to prepare and file any UCC-3 Termination Statements or other documents necessary to evidence the release of any such Liens granted in the Shareholder Limited Recourse Pledge Agreements.

  • Execute any further instruments and take such further action as the Administrative Agent reasonably deems necessary to perfect, protect, ensure the priority of or continue the Administrative Agent’s Lien on the Collateral or collateral pledged pursuant to any Limited Recourse Pledge Agreement or to effect the purposes of this Agreement.

  • Each Secured Party, whether or not a party hereto, will be deemed, by its acceptance of the benefits of the Collateral and of the Guarantees of the Secured Obligations provided under the Loan Documents and the guarantees and collateral provided under each Limited Recourse Pledge Agreement, to have agreed to the foregoing provisions.

  • The Security Agreement and the Limited Recourse Pledge Agreement are effective to create in favor of the Collateral Agent, for the benefit of the Secured Parties, a legal, valid and enforceable first priority security interest in the Collateral (subject to Permitted Liens, other than with respect to any Pledged Stock) described therein and proceeds thereof.

  • Upon the request of the Administrative Agent at any time, the Required Lenders will confirm in writing the Administrative Agent’s authority to release or subordinate its interest in particular types or items of property, or to release any Loan Party and/or, if applicable, any Lighthouse Common Equity Holder from its obligations under the Loan Guaranty and/or, if applicable, the Limited Recourse Pledge Agreement or its Lien on any Collateral pursuant to this Article 8.


More Definitions of Limited Recourse Pledge Agreement

Limited Recourse Pledge Agreement means a Limited Recourse Pledge Agreement made by the Parent, as Limited Recourse Pledgor, in favor of the Collateral Agent for the benefit of the Secured Parties, substantially in the form of Exhibit N.
Sample 1

Related to Limited Recourse Pledge Agreement

  • 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.

  • Borrower Pledge Agreement means the Pledge Agreement of even date herewith executed by Borrower in favor of Agent, on behalf of itself and Lenders, pledging all Stock of its Subsidiaries, if any, and all Intercompany Notes owing to or held by it.

  • 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.

  • 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.

  • Negative Pledge Agreement means the Negative Pledge Agreement(s) dated on or about April 6, 2010, executed by any Borrower in favor of Bank and any similar negative pledge financing statements covering Property of any Borrower, as the Negative Pledge Agreement may be amended, supplemented or otherwise modified from time to time.

  • Foreign Pledge Agreement means a pledge or charge agreement granting a Lien on Equity Interests in a Foreign Subsidiary to secure the Obligations, governed by the law of the jurisdiction of organization of such Foreign Subsidiary and in form and substance reasonably satisfactory to the Administrative Agent.

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

  • Parent Pledge Agreement means the parent pledge agreement dated as of the Effective Date executed in favor of the Administrative Agent, for the benefit of the Secured Parties, by the Borrower, 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.

  • 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.

  • 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.

  • 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.

  • Equity Pledge Agreement means the Equity Pledge Agreement dated as of the Issue Date, between the Equity Pledge Guarantors and the Collateral Agent, as amended, restated, modified, supplemented, extended or replaced from time to time.

  • Foreign Pledge Agreements means each pledge agreement, charge or collateral security instrument creating a security interest in the Capital Stock of the Foreign Subsidiary Borrowers and certain other first-tier Foreign Subsidiaries of the Company, in each case, in form and substance reasonably satisfactory to the Administrative Agent, as such agreements may be amended, supplemented or otherwise modified from time to time.

  • Limited Recourse means a letter of credit, revolving loan commitment, cash collateral account, guarantee or other credit enhancement issued by the Issuer or any of its Restricted Subsidiaries (other than a Receivables Subsidiary) in connection with the incurrence of Indebtedness by a Receivables Subsidiary under a Qualified Receivables Financing; provided that, the aggregate amount of such letter of credit reimbursement obligations and the aggregate available amount of such revolving loan commitments, cash collateral accounts, guarantees or other such credit enhancements of the Issuer and its Restricted Subsidiaries (other than a Receivables Subsidiary) shall not exceed 25% of the principal amount of such Indebtedness at any 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 Agreements means the Borrower Pledge Agreement, the Holdings Pledge Agreement, and any other pledge agreement entered into after the Closing Date by any Credit Party (as required by the Agreement or any other Loan Document).

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

  • 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.

  • Limited Recourse Indebtedness means Indebtedness incurred by the Parent Guarantor or any Subsidiary to finance the creation or development of a Project or proposed Project of the Parent Guarantor or such Subsidiary, provided that, as specified in the terms of such Limited Recourse Indebtedness:

  • 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).

  • 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 Agreement Collateral means all "Collateral" as defined in the Pledge Agreement.

  • Intercompany Loan Agreement has the meaning set forth in the Purchase and Sale Agreement.

  • Whole Loan Agreement Any Reconstitution Agreement in respect of a Whole Loan Transfer.

  • VA Loan Guaranty Agreement means the obligation of the United States to pay a specific percentage of a Mortgage Loan (subject to a maximum amount) upon default of the Mortgagor pursuant to the Servicemen’s Readjustment Act, as amended.