Parent Pledge definition

Parent Pledge means the pledge granted or to be granted by the Parent in favour of the Lender in respect of:
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Parent Pledge means a Lien on substantially all of the Company’s personal property (excluding its interest in CIT Bank, certain equity interests in its foreign Subsidiaries and certain other Regulated Subsidiaries) to secure the Note Obligations, the Series B Obligations, the Australian Guaranty Obligations and the Long-Dated Senior Notes Obligations in each case, of the Company.
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Parent Pledge means that certain Pledge and Collateral Agreement, dated as of the Amendment No. 7 Effective Date, by and between Parent and the Administrative Agent as Collateral Agent. “Parent Representation Letter” means the Parent Representation Letter dated as of April 27, 2021, made by Parent for the benefit of the Secured Parties under this Agreement. “Participant” has the meaning set forth in Section 14.03(d). “Participant Register” has the meaning set forth in Section 14.03(e). “PATRIOT Act” has the meaning set forth in Section 14.15. “Payment Date” means (a) prior to and including the Payment Date in October 2021 and so long as no Event of Default is continuing, the fourth Business Day of each calendar month, (b) prior to the Final Maturity Date and so long as no Event of Default is continuing, the tenth day of each calendar month beginning with the Payment Date in November 2021, or if such day is not a Business Day, the first following day that is a Business Day, (c) the Final Maturity Date and (d) on and after the Final Maturity Date or if an Event of Default is continuing, each day selected from time to time by the Administrative Agent (with the consent or at the direction of the Controlling Lenders) (it being understood that the Administrative Agent (with the consent or at the direction of the Controlling Lenders) may select such Payment Date to occur as
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Examples of Parent Pledge in a sentence

  • Subject to the provisions of the Parent Pledge Agreement, the Parent Pledgor will have the right to receive dividends paid in respect of the shares constituting the Collateral and to exercise all voting rights with respect to the shares constituting the Collateral.

  • Your tax-deductible gift to the Annual Parent Pledge for the Padre Fund also helps us in our efforts to obtain grants and other sources of funding, as many foundations seek parent and alumni participation as a benchmark in giving.

  • Gifts of all sizes are meaningful and participation in the Annual Parent Pledge to the Padre Fund is vital.

  • Each year we start at zero, so we ask each family for an annual contribution to the Padre Fund through the Annual Parent Pledge.

  • If your car has been stolen22About your car07If your car is a total loss22The most we will pay for car claims08After we pay your claim23GST08 Your cover084.

  • The Annual Parent Pledge to the Padre Fund bridges the gap between the actual cost of educating a student at Junípero Serra High School and the revenue raised through tuition.

  • The Borrower will not permit any Subsidiary Loan Party to issue any Equity Interests (or warrants, options or other rights in respect thereof) other than (i) Equity Interests issued by Subsidiaries to the Borrower that are pledged pursuant to the Borrower Pledge Agreement and (ii) Equity Interests issued by License Subsidiaries to the Parent that are pledged pursuant to the Parent Pledge Agreement.

  • Initially capitalized terms used but not defined herein shall have the meaning ascribed to such terms in the Parent Pledge Agreement and/or the Indenture.

  • This Guaranty and the Guaranteed Obligations are secured by the Parent Pledge Agreement.

  • Guarantor will perform, observe and comply with all of the terms and conditions of the Parent Pledge Agreement.


More Definitions of Parent Pledge

Parent Pledge means the pledge or other security arrangement pursuant to which Borrower pledged to the trustee for the Note Holders Borrower’s ownership interests in TCD.
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Parent Pledge the meaning specified in Subsection 3.1.5(a).
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Parent Pledge means the pledge of 20,900 common shares held by Parent in the Borrower in favour of the Lender contemplated in Section 5.2(b)(i) and substantially in the form of Exhibit S;
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Parent Pledge means that certain Pledge Agreement dated as of December 6, 1994 executed by the Parent in favor of the Agent pledging one hundred percent (100.0%) of the issued and outstanding capital stock of RMC, DP, International, Willow, Hutch and NWR now owned or hereafter acquired by the Parent as security for the Parent's obligations under the Parent Guaranty and the payment and performance of the Obligations, other than the Obligations owing by RRC.
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Parent Pledge means a stock pledge agreement executed and delivered by Parent in favor of Agent, for the benefit of the Lender Group, in form and substance acceptable to Agent, pursuant to which Parent shall pledge 100% of the capital stock of Borrower to secure the Parent's obligations under the Parent Guaranty.
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Related to Parent Pledge

  • 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.

  • Account Pledge means, in relation to each Account, a pledge agreement creating security in respect of that Account in the Agreed Form and, in the plural, means all of them;

  • 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.

  • Earnings Account Pledge means, in respect of each Earnings Account, a first priority charge required to be executed hereunder between the relevant Borrower and the Security Trustee in respect of its Earnings Account in such form as the Agent and the Majority Lenders may require in their sole discretion, and in the plural means both of them;

  • 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.

  • 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;

  • 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.

  • 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.

  • 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.

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

  • 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.

  • Subsidiary Security Agreement means the Subsidiary Security Agreement executed and delivered by existing Subsidiary Guarantors and Administrative Agent on the Closing Date and to be executed and delivered by any additional Subsidiary Guarantors from time to time thereafter in accordance with subsection 6.8, substantially in the form of Exhibit XVII annexed hereto, as such Subsidiary Security Agreement may be amended, supplemented or otherwise modified from time to time.

  • 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.

  • 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.

  • 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).

  • Earnings Assignment means, in relation to a Ship, an assignment of the Earnings and any Requisition Compensation of that Ship, in the form set out in Appendix D;

  • 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.

  • Existing Security Agreement has the meaning set forth in the recitals hereto.

  • Existing Security Documents shall have the meaning assigned to such term in the recitals hereto.

  • 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.

  • Acquisition Subsidiary shall have the meaning ascribed to it in the preamble hereto.

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

  • Parent Organizational Documents means the certificate of incorporation and bylaws, each as amended as of the date of this Agreement, of each of Parent and Merger Sub.

  • 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.

  • 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.