Examples of Pledge and Security Agreements in a sentence
Buyer and Seller have agreed to the default provisions that are included in the Secured Promissory Notes, Pledge and Security Agreements.
This Note is secured by, INTER ALIA, (i) a certain Security and Pledge Agreement of even date herewith by and between Borrower, as Pledgor, and Lender, as Pledgee (the "Security Agreement"), (ii) a certain Pledge and Security Agreements dated June 18, 1998 by and between PTG Holdings, Inc.
In the event that the Company wishes to release Collateral in accordance with the Pledge and Security Agreements and has delivered the certificates, opinion and documents required by the Pledge and Security Agreements, Sections 12.3 and 12.4 hereof and under TIA Section 314(d), then the Trustee will deliver a certificate to the Collateral Agent setting forth such determination.
In addition, the Credit Parties shall have delivered a completed Perfection Certificate (as defined in the Pledge and Security Agreements).
Each Holder of Notes, by its acceptance thereof, consents and agrees to the terms of the Pledge and Security Agreements (including, without limitation, the provisions providing for foreclosure and release of Collateral) as the same may be in effect or may be amended from time to time in accordance with their terms and authorizes and directs the Collateral Agent to enter into the Pledge and Security Agreements and to perform its obligations and exercise its rights thereunder in accordance therewith.