New Pledgor definition

New Pledgor has the meaning assigned to such term in Section 5.11.

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New Pledgor. [Name of New Pledgor]

New Pledgor as defined in the definition of “Pledgor Substitution”.

Examples of New Pledgor in a sentence

• The New Pledgor hereby agrees to be bound as a Guarantor and as a Pledgor party to the Security Agreement by all of the terms, covenants and conditions set forth in the Security Agreement to the same extent that it would have been bound if it had been a signatory to the Security Agreement on the date of the Security Agreement.

• Annexed hereto are supplements to each of the schedules to the Security Agreement and the Credit Agreement, as applicable, with respect to the New Pledgor.

• The New Pledgor hereby makes each of the representations and warranties and agrees to each of the covenants applicable to the Pledgors contained in the Security Agreement.

• Without limiting the generality of the foregoing, the New Pledgor hereby grants and pledges to the Collateral Agent, as collateral security for the full, prompt and complete payment and performance when due (whether at stated maturity, by acceleration or otherwise) of the Secured Obligations, a Lien on and security interest in, all of its right, title and interest in, to and under the Pledged Collateral and expressly assumes all obligations and liabilities of a Guarantor and Pledgor thereunder.

• The New Pledgor hereby agrees to be bound as a Guarantor and as a Pledgor by all of the terms, covenants and conditions set forth in the Security Agreement to the same extent that it would have been bound if it had been a signatory to the Security Agreement on the execution date of the Security Agreement.

• Annexed hereto are supplements to each of the schedules to the Security Agreement with respect to the New Pledgor.

• The New Pledgor also hereby agrees to be bound as a party by all of the terms, covenants and conditions applicable to it set forth in Articles V, VI and VII of the Credit Agreement to the same extent that it would have been bound if it had been a signatory to the Credit Agreement on the execution date of the Credit Agreement.

• The New Pledgor hereby makes each of the representations and warranties and agrees to each of the covenants applicable to the Pledgors contained in the Security Agreement and Article III of the Credit Agreement.

• The New Pledgor agrees that it is a “Pledgor” under the Pledge Agreement and assumes all obligations of a “Pledgor” thereunder, all as if the New Pledgor had been an original signatory to the Pledge Agreement.

• The New Pledgor hereby makes each of the representations and warranties and agrees to each of the covenants applicable to the Pledgors contained in the Security Agreement and the Credit Agreement.

More Definitions of New Pledgor

New Pledgor. [_____________________________________] By: Name: Title: ADMINISTRATIVE AGENT: UNION BANK OF CALIFORNIA, N.A. By: Name: Title:

New Pledgor means the New Guarantor in its capacity as pledgor under the New Shares Pledges.

New Pledgor means Newlead Bulker Holdings Inc. a company incorporated under the laws of the Republic of the ▇▇▇▇▇▇▇▇ Islands with its registered address at c/o The Trust Company of the ▇▇▇▇▇▇▇▇ Islands Inc., The Trust Company Complex, Ajeltake Island, Ajeltake Road, Majuro, ▇▇▇▇▇▇▇▇ Islands M.H. 96960.