Parent Pledgor definition

Parent Pledgor means the pledgor party to the Parent Pledge Agreement.
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Parent Pledgor shall have the meaning assigned to such term in the preamble thereto.
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Parent Pledgor has the meaning set forth in the introductory paragraph to this Agreement and shall include each Additional Parent or other Person that becomes a party hereto after the date hereof as a “Parent Pledgor” pursuant to Section 6.11.
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Examples of Parent Pledgor in a sentence

  • All the capital stock of any corporation to be pledged by the Parent Pledgor on or before the date hereof under the Pledge Agreement is certificated and exists as of the date hereof.

  • 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.

  • The Underwriters shall have received a counterpart of the Pledge Agreement that shall have been executed and delivered by a duly authorized officer of the Parent Pledgor and by the Collateral Agent.

  • The security interest created under the Pledge Agreement will constitute (as of the Closing Date) a fully perfected security interest in all right, title and interest of the Parent Pledgor in favor of the Collateral Agent for the benefit of the Trustee and the other secured parties in the QRTEA Collateral, as security for the Obligations (as defined in the Pledge Agreement), in each case prior and superior in right to any person (except Permitted Liens).

  • As of the Closing Date, the representations and warranties of the Parent Pledgor under the Pledge Agreement are true and correct.

  • As of the Closing Date and at any Date of Delivery, the representations and warranties of the Parent Pledgor under the Pledge Agreement are true and correct.

  • Unless an event of default has occurred with respect to any obligations secured by the Parent Pledge Agreement and the Collateral Agent has given notice of its intent to exercise rights against the Issuer Stock Collateral, the Parent Pledgor will have the right to receive dividends paid in respect of the shares constituting the Issuer Stock Collateral and to exercise all voting rights with respect to the shares constituting Issuer Stock Collateral.

  • Subject to the terms of the Parent Pledge Agreement, the Parent Pledgor will have the right to remain in possession and retain exclusive control of the Issuer Stock Collateral and to collect, invest and dispose of any income therefrom.

  • Issuer stock collateral The Issuer Stock Collateral is pledged pursuant to a pledge agreement between the Parent Pledgor and the Collateral Agent for the benefit of the Secured Parties under the Credit Agreement and the holders of the Existing Notes.

  • Certain bankruptcy limitations The right of the Collateral Agent to repossess and dispose of the Collateral upon the occurrence of an Event of Default may be significantly impaired by any Bankruptcy Law in the event that a bankruptcy case were to be commenced by or against the Parent Pledgor, the Issuer or any Guarantor prior to the Collateral Agent's having repossessed and disposed of the Collateral.


More Definitions of Parent Pledgor

Parent Pledgor means each of the GP Parent and LP Parent and collectively, the “Parent Pledgors”.
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Parent Pledgor means any one of them.
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Parent Pledgor means, (a) on the Effective Date and at all times thereafter until a Replacement Parent Pledgor exists, the Initial Parent Pledgor and (b) at any time thereafter, the Replacement Parent Pledgor.
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Parent Pledgor means any pledgor party to the Parent Pledge Agreement.
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Parent Pledgor means Xxxxxxx Asset Portfolio, LLC, a Delaware limited liability company.
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Related to Parent Pledgor

  • Parent Pledge Agreement means that certain Pledge Agreement, dated of the date hereof, made by Parent in favor of Agent.

  • Ultimate Parent Entity means a Constituent Entity of an MNE Group that meets the following criteria:

  • Ultimate Parent means a Company, which owns not less than fifty-one percent (51%) equity either directly or indirectly in the Parent and Affiliates.

  • CCC means Customer Care Centre

  • New Organizational Documents means the documents providing for corporate governance of New Valaris Holdco and the Reorganized Debtors, including charters, bylaws, operating agreements, or other organizational documents or shareholders’ agreements, as applicable, consistent with section 1123(a)(6) of the Bankruptcy Code (as applicable).

  • Parent means a “parent corporation,” whether now or hereafter existing, as defined in Section 424(e) of the Code.

  • SPE means any bankruptcy-remote, special-purpose entity created in connection with the financing of settlement float with respect to customer funds or otherwise.