Pledge LLC definition

Pledge LLC means Allied Asset Holdings LLC, a Delaware limited liability company.
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Pledge LLC means one or more Wholly-Owned Consolidated Subsidiaries, each of which (a) has title to personal or real property which would constitute Collateral but for limitations in the documents which govern such personal or real property which restrict the grant of a Lien in respect thereof, (b) has no Debt outstanding other than (i) Debt owing to Borrower which has been evidenced by a promissory note and the holder thereof has pledged the same to the Collateral Agent pursuant to the Collateral Documents, and (ii) Debt arising under the Subsidiary Guaranty executed by Pledge LLC, and (c) has had all of its Voting Stock and Debt owing to Borrower pledged to the Collateral Agent as Collateral.
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Pledge LLC means one or more Wholly-Owned Consolidated Subsidiaries, each of which (i) has title to personal or real property which would constitute Collateral but for limitations in the documents which govern such personal or real property which restrict the grant of a Lien in respect thereof, (ii) has no Debt outstanding other than (x) unsecured Debt owing to the Company, and (y) Guaranties of the Senior Secured Obligations, and (iii) has had all of its Voting Stock and Debt owing to the Company pledged to the Collateral Agent as Collateral.
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Examples of Pledge LLC in a sentence

  • Without limiting the obligation of Borrower set forth above, to the extent any personal property of Borrower or a Subsidiary Grantor cannot be pledged as Collateral on account of contractual limitations applicable to such property but may be transferred to a Pledge LLC, such personal property shall be transferred to a Pledge LLC.

  • Buffett has promised to give away 99% of his wealth in his lifetime, and in 2010, he partnered with Bill Gates to create the Giving Pledge8, a campaign that invites “the world’s wealthiest individuals and families to commit more than half of their wealth to philanthropy or charitable causes either during their lifetime or in their will[s]” (Giving Pledge LLC, n.d.).At the end of 1999, Buffett and his then wife Susan Thompson Buffett created foundations for each of their three children.

  • Notwithstanding the foregoing, in no event shall any Pledge LLC have outstanding Debt other than (x) pursuant to the Subsidiary Guaranty executed by such Pledge LLC in favor of the Collateral Agent for the benefit of the Secured Parties and (y) unsecured Debt owing to Borrower; it being understood that any such Debt and/or evidence of such Debt shall only be held by Borrower and pledged to the Collateral Agent and may not be transferred, assigned, sold or otherwise conveyed to any other party.

  • They invested approximately $30M in each foundation annually from 2000 to 2007, so that their children could begin their own 8 The Giving Pledge launched with 40 pledge signatories from the United States, and as of 2019, 190 individuals from 22 countries have joined (Giving Pledge LLC, n.d.).

  • With respect to each Custodial Account held by a Pledge LLC, the Borrower shall promptly deliver, or cause to be promptly delivered, to Collateral Agent upon receipt thereof by such Pledge LLC, the monthly statement prepared by the Custodian with respect to such Custodial Account.

  • Without limiting the obligations of Grantor set forth above or in Section 4.19, to the extent that any asset of a Grantor cannot be pledged as Collateral on account of contractual limitations applicable to such property, then such asset shall be an Excluded Asset and promptly conveyed to a Pledge LLC (in accordance with Section 4.19.2), if such conveyance is permitted by the governing documents.

  • Without limiting the obligations of any Grantor set forth in this Section 3.17, to the extent that any personal property of any Grantor cannot be pledged as Collateral on account of contractual limitations applicable to such property but may be transferred to a Pledge LLC, such personal property has been transferred to a Pledge LLC, other than the personal property listed on Schedule 3.

  • Without limiting the obligations of any Grantor set forth in this Section 3.17, to the extent that any personal property of any Grantor cannot be pledged as Collateral on account of contractual limitations applicable to such property but may be transferred to a Pledge LLC, such personal property has been transferred to a Pledge LLC.

  • All membership interests in such Pledge LLC have been pledged to Collateral Agent, creating a perfected, and to each Grantor’s Knowledge, first priority, Lien and Security Interest therein, subject to Permitted Liens.

  • Without limiting the obligation of Borrower set forth above, to the extent any personal property of Borrower or a Consolidated Subsidiary cannot be pledged as Collateral on account of contractual limitations applicable to such property but may be transferred to a Pledge LLC, such personal property shall be transferred to a Pledge LLC.


More Definitions of Pledge LLC

Pledge LLC means one or more Wholly Owned Consolidated Subsidiaries, each of which (i) has title to personal property which would constitute Collateral but for limitations in the documents which govern such personal property, or has title to real property, (ii) has no Debt outstanding other than (x) Debt owing to Borrower, which has been evidenced by a promissory note and the holder thereof has pledged the same to the Collateral Agent pursuant to the Collateral Documents, and (y) Guaranties of the Senior Secured Obligations, and (iii) has had all of its voting stock pledged to the Collateral Agent as Collateral.
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Related to Pledge LLC

  • Pledge Holder The entity which issued a Letter of Credit.

  • Pledge Subsidiary means (i) each Domestic Subsidiary and (ii) each First Tier Foreign Subsidiary.

  • 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.

  • 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.

  • 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.

  • Pledge Agreements means the Borrower Pledge Agreement, the Holdings Pledge Agreement, and any other pledge agreement entered into after the Closing Date by any Credit Party (as required by the Agreement or any other Loan Document).

  • Pledge Amendment shall have the meaning assigned to such term in Section 5.1 hereof.

  • 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.

  • Pledge Instruments With respect to each Cooperative Loan, the Stock Power, the Assignment of Proprietary Lease and the Security Agreement.

  • 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.

  • 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.

  • 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.

  • Pledge Agreement means the pledge agreement dated as of the Closing Date executed in favor of the Administrative Agent, for the benefit of the holders of the Obligations, by each of the Loan Parties, as amended or modified from time to time in accordance with the terms hereof.

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

  • 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.

  • Pledge Form means a standardized form prescribed by the Management Company to be duly filled by the investor to Pledge his/her Units and will be stated in this Offering Document.

  • 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.

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

  • Pledge Agreement Supplement means, with respect to each Pledge Agreement, the Pledge Agreement Supplement in the form affixed as an Exhibit to such Pledge Agreement.

  • Pledge and Security Agreement means the Pledge and Security Agreement to be executed by Company and each Guarantor substantially in the form of Exhibit I, as it may be amended, supplemented or otherwise modified from time to time.

  • Pledge Certificate means a Pledge Certificate in the form attached to this Appendix "C" as Schedule 1 executed by a duly authorized officer of the applicable Fund and delivered by such Fund to the Custodian by facsimile transmission or in such other manner as the applicable Fund and the Custodian may agree in writing.

  • 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.

  • 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.

  • UK Security Agreement means each of the security documents expressed to be governed by the laws of England (as modified, supplemented, amended or amended and restated from time to time) covering certain of such UK Loan Party’s present and future UK Collateral.

  • Company Security Agreement means the Company Security Agreement executed and delivered by Company on the Closing Date, substantially in the form of Exhibit XIV annexed hereto, as such Company Security Agreement may thereafter be amended, supplemented or otherwise modified from time to time.

  • Pledge Supplement means any supplement to this agreement in substantially the form of Exhibit A.