Examples of Parent Pledge Agreements in a sentence
The stock certificates and notes representing or constituting such pledged securities delivered to the Collateral Agent, the Guarantee and Collateral Agreement, as assigned pursuant to the Assignment, and the Parent Pledge Agreements, as assigned pursuant to the Assignment, constitute a perfected first lien on, and security interest in, all right, title and interest of the pledgor party therein in the pledged securities described therein.
The Collateral Agent shall have received the certificates representing the shares pledged pursuant to the Guarantee and Collateral Agreement and the Parent Pledge Agreements, together with an undated stock power for each such certificate executed in blank by a duly authorized officer of the pledgor thereof, and the notes pledged, if any, pursuant to the Guarantee and Collateral Agreement and the Parent Pledge Agreements, each endorsed in blank by a duly authorized officer of the pledgor thereof.
Collectively, the Parent Pledge Agreements, the Dutch Pledge Agreement, and any other share pledge agreements or charges over shares from the Parent or any Subsidiary of the Parent to the Agent for the benefit of any of the Banks.
Each of the Parent Pledge Agreements is the legal, valid and binding obligation of each of the Parent Pledgors party thereto, enforceable against each of the Parent Pledgors party thereto in accordance with its terms.
The Existing Banks agree to the collateral release of the "Vanuatu Vessel Mortgage," the "Parent Pledge Agreements," the "Dutch Guaranty," the "Dutch Pledge Agreement," the "Marine Assets Guaranty" and the "Marine Operators Guaranty," as those terms are defined in the Existing Credit Agreement.
Upon execution and delivery of the Collateral Agreements and the issuance of the Notes, the Parent Pledge Agreements (upon receipt of the requisite Nevada gaming approvals) and the other Collateral Agreements will create, in favor of the Secured Party, for the benefit of the holders of the Notes, a legal, valid and enforceable security interest in (subject to Permitted Liens), all of the right, title and interest of the Issuers in the Collateral and the proceeds thereof.
Upon execution and delivery of the Collateral Agreements and the issuance of the Notes, the Parent Pledge Agreements (upon the receipt of the requisite Nevada gaming approvals) and the other Collateral Agreements will create, in favor of the Secured Party, for the benefit of the holders of the Senior Secured Notes, a legal, valid and enforceable security interest in (subject to Permitted Liens), all of the right, title and interest of the Issuers and Guarantors in the Collateral and the proceeds thereof.
It is noted for purposes of the opinions set forth in this paragraph (f)(ii) that following the issuance of gaming licenses to the Issuers by the Nevada gaming authorities, the pledges contemplated by the Parent Pledge Agreements may not continue to be effective until the receipt of the requisite Nevada gaming approvals.
Evidence that the Fixed and Floating Charge and the Parent Pledge Agreements have been filed, stamped and/or registered where necessary to record or perfect the Lender's security interest in the respective Collateral subject thereto, certificates representing Capital Stock included in the Collateral (including the Capital Stock of RCL) have been delivered to the Lender (with duly executed stock powers) and all recording fees and stamp and filing taxes have been paid.
Nothing expressed or implied in this Amended and Restated Credit Agreement shall be construed as a release or other discharge of any Borrower, Guarantor or any other Loan Party under the Existing Credit Agreement (including the Collateral and Guarantee Agreement and the Parent Pledge Agreements) from any of its obligations and liabilities as a "Borrower", "Guarantor" or "Loan Party" thereunder.