Examples of Membership Pledge Agreement in a sentence
To secure Borrower’s and Guarantor’s obligations to Bank, Guarantor pledged to Bank the membership interests held by Guarantor in Borrower pursuant to a Membership Pledge Agreement dated as of July 31, 2013 (as amended, modified, supplemented and restated from time to time, the “Pledge Agreement”).
Except as expressly modified and amended herein, Borrowers covenant and agree that all of the terms, covenants, promises, warranties, representations and conditions of the Original Loan Agreement (as modified by the Modification), the Notes, the Membership Pledge Agreement and the other Loan Documents shall remain in full force and effect.
To secure Borrower’s and Guarantor’s obligations to Bank, Guarantor pledged to Bank the membership interests held by Guarantor in Borrower pursuant to a Membership Pledge Agreement dated as of April 1, 2014 (as amended, modified, supplemented and restated from time to time, the “Pledge Agreement”).
SECTION TEN WAIVER BY SECURED PARTY The rights, powers, and remedies given to Secured Party by this Membership Pledge Agreement shall be in addition to all rights, powers, and remedies given to Secured Party by virtue of the Uniform Commercial Code or any other law of the State of Colorado.
The LLC Membership Pledge Agreement, dated or to be dated on or prior to the Term Loan Closing Date, between Century WV and the Agent and in form and substance satisfactory to the Lenders and the Agent.
All advances, charges, costs, and expenses, including reasonable attorneys' fees, incurred or paid by Secured Party in exercising any rights, powers, or remedies conferred on Secured Party by this Membership Pledge Agreement, or in the enforcement thereof, shall be secured hereunder and shall be paid to Secured Party by Debtor immediately and without demand, and with interest thereon at then highest prevailing interest rate set forth in the Notes.
The Seller shall not, except as otherwise provided herein or in the Membership Pledge Agreement, sell, assign (by operation of law or otherwise) or otherwise dispose of, or create or suffer to exist, any lien upon or with respect to, its membership interests in the Purchaser.
The granting by the Mortgage Lender of such consent shall be limited to the security interests described in the Stock Pledge Agreements, the Membership Pledge Agreement No. 1 and the Membership Pledge Agreement No. 2 and shall not relieve or be construed to relieve the Mortgage Borrower from the re- quirement of obtaining the Mortgage Lender's prior express writ- ten consent to any other or further Transfers required under the Mortgage Loan Documents.
Except for that certain Amended Membership Pledge Agreement dated March 20, 2017 by and among BHT, U.S. Bank National Association and Entsorga, prior to the execution of this Agreement, BHT holds of record (legally, beneficially and of record) the BHT Entsorga Units free and clear of any and all Liens.
Collectively, the US Security Agreement, the US Stock Pledge Agreement, the GWI Pledge Agreement, the Emons Pledge Agreement, the GWIC Stock Pledge Agreement, the Membership Pledge Agreement and all other instruments and documents including, without limitation, UCC financing statements, required to be executed or delivered pursuant to any US Security Document.