Pledge of Security. Pledgors hereby pledge and assign to Collateral Agent, and hereby grant to Collateral Agent a security interest in, all of Pledgors' right, title and interest in and to the following (the "PLEDGED COLLATERAL"):
(a) the shares described on SCHEDULE I hereto (the "PLEDGED SHARES") and the certificates representing the Pledged Shares and any interest of Pledgors in the entries on the books of any financial intermediary pertaining to the Pledged Shares, and all dividends, cash, warrants, rights, instruments and other property or proceeds from time to time received, receivable or otherwise distributed in respect of or in exchange for any or all of the Pledged Shares;
(b) all intercompany indebtedness of Pledgors, all promissory notes made in favor of Pledgors in respect of proceeds from utility condemnations and all other promissory notes that do not constitute either Homesite Contracts Receivable or Commercial Receivables (collectively, the "PLEDGED DEBT"), the instruments evidencing the Pledged Debt, and all interest, cash, instruments and other property or proceeds from time to time received, receivable or otherwise distributed in respect of, or in exchange for, any or all of the Pledged Debt;
(c) all additional shares of, and all securities convertible into and warrants, options and other rights to purchase or otherwise acquire, stock of any issuer of the Pledged Shares from time to time acquired by Pledgors in any manner (which shares shall be deemed to be part of the Pledged Shares), the certificates or other instruments representing such additional shares, securities, warrants, options or other rights and any interest of Pledgors in the entries on the books of any financial intermediary pertaining to such additional shares, and all dividends, cash, warrants, rights, instruments and other property or proceeds from time to time received, receivable or otherwise distributed in respect of or in exchange for any or all of such additional shares, securities, warrants, options or other rights;
(d) all additional indebtedness from time to time owed to Pledgors by any obligor on the Pledged Debt and the instruments evidencing such indebtedness, and all interest, cash, instruments and other property or proceeds from time to time received, receivable or otherwise distributed in respect of or in exchange for any or all of such indebtedness;
(e) all shares of, and all securities convertible into and warrants, options and other rights to purchase or otherwise acquire,...
Pledge of Security. Pledgor hereby pledges and assigns to Secured Party, and hereby grants to Secured Party a security interest in, all of Pledgor's right, title and interest in and to the following (the "PLEDGED COLLATERAL"):
Pledge of Security. This subsection governs a pledge of security pursuant to this chapter.
A. All money received by the authority or received on behalf of the authority by any eligible lender, servicer, trustee, custodian or collection agent, pursuant to any resolution, trust agreement or any other agreement authorized by this chapter and pledged pursuant to a resolution, trust agreement or other agreement for the benefit of the bondholders, whether as proceeds from the sale of bonds or as revenues, is deemed to be trust funds to be held and applied solely as provided in such resolution, trust agreement or other agreement. Subject to the provisions of any such resolution, trust agreement or other agreement, any such money may be invested in such investments and investment agreements as may be approved by resolution of the authority. Any eligible lender, servicer, custodian or collection agent with which such money is deposited is deemed to be holding such money in trust for the benefit of the authority or the bondholders, as specified in the applicable resolution, trust agreement or other agreement and shall apply such money solely for the purposes of this chapter, subject to such restrictions as this chapter, the applicable resolution, trust agreement or other agreement may provide. [PL 2003, c. 455, §2 (NEW).]
B. Any pledge made by the authority of income, revenues or other property is valid and binding from the time the pledge is made. The income, revenue or other property so pledged and received after being pledged by the authority, or received on behalf of the authority by any eligible lender, servicer, trustee, custodian or collection agent, pursuant to any resolution, trust agreement or other agreement that is authorized by this chapter and pledged pursuant to a resolution, trust agreement or other agreement for the benefit of the bondholders, is immediately subject to the lien of such pledge without any physical delivery thereof or further act, and the lien of any such pledge is valid and binding as against all parties having claims of any kind in tort, contract or otherwise against the authority, or such other recipient on behalf of the authority, irrespective of whether such parties have notice of that lien. Notwithstanding any other provision of law, neither possession nor the filing of any financing or continuation statement is necessary with respect to any such income, revenues or other property to establish or evidence the lien of any such pledge, including the ...
Pledge of Security. Maker has entered into a Pledge Agreement with Payee dated as of the date hereof (the "Pledge Agreement") pursuant to which Maker pledges the Shares as security for this Note. All certificates or other instruments representing or evidencing such Shares shall be delivered to and held by Payee pursuant to the terms of the Stock Repurchase Agreement and the Pledge Agreement.
Pledge of Security. Pledgor hereby pledges and assigns to Secured Party, and hereby grants to Secured Party, for itself and as agent for the Lenders, a security interest in all of Pledgor’s right, title and interest in and to the following (the “Pledged Collateral”):
(a) the Pledged Shares and the certificates representing the Pledged Shares and any interest of Pledgor in the entries on the books of the issuer or of any financial intermediary pertaining to the Pledged Shares, and all dividends, cash, warrants, rights, instruments and other property or proceeds from time to time received, receivable or otherwise distributed in respect of or in exchange for any or all of the Pledged Shares; and
(b) to the extent not covered by clause (a) above, all proceeds of any or all of the foregoing Pledged Collateral. For purposes of this Agreement, the term “proceeds” includes whatever is receivable or received when Pledged Collateral or proceeds are sold, exchanged, collected or otherwise disposed of, whether such disposition is voluntary or involuntary, and includes proceeds of any indemnity or guaranty payable to Pledgor or Secured Party from time to time with respect to any of the Pledged Collateral.
Pledge of Security. Pledgor pledges and assigns to Collateral Agent, for the benefit of the Credit Parties, and grants to Collateral Agent, for the benefit of the Credit Parties, a security interest in, all of Pledgor’s right, title, and interest in and to the following (the “Collateral”):
(a) the Pledged Debt and all instruments evidencing the Pledged Debt, and all interest, cash, instruments and other property and proceeds from time to time received, receivable or otherwise distributed in respect of or in exchange for any Pledged Debt;
(b) all supporting obligations for the Pledged Debt;
(c) all rights of Pledgor as holder of the Pledged Debt (including the right to demand issuance of a certificate or instrument to evidence any Pledged Debt, any right to demand payment of, or to accelerate, Pledged Debt, and the right to otherwise enforce (including via judicial proceedings) any Pledged Debt);
(d) all books, records, ledger cards, files, correspondence, computer programs, tapes, disks and related data processing software that at any time evidence or contain information relating to any of the foregoing or are otherwise necessary or helpful in the collection thereof or realization thereupon; and
(e) to the extent not covered by clauses (a) through (d) above, all proceeds of any of the foregoing Collateral. For purposes of this Agreement, the term “proceeds” includes whatever is receivable or received when Collateral is sold, exchanged, collected or otherwise disposed of, whether such disposition is voluntary or involuntary.
Pledge of Security. Pledgor hereby pledges to Pledgee and grants to Pledgee a first priority security interest in all of the Pledged Collateral.
Pledge of Security. For the purpose of maintaining sufficient security, the NAC shall furnish to Equity a pledge of the security posted by the Music Department of the NAC and the NAC English Theatre department, which shall be subject to these Clauses and shall remain in effect irrevocably during the term of this Agreement. The terms of the pledge relating to security deposited with Equity by the Music Department of the NAC and the NAC English Theatre department covering any engagement under this Agreement and any contracts of engagement are hereby adopted and made a part of this Agreement and the contracts of engagement. The pledge of security shall form Appendix C of this Agreement.
Pledge of Security. As security for the City’s obligation to pay the Installment Payments pursuant to the ISA, and concurrently with the issuance and delivery of this Agreement, the City has granted, pledged and assigned pursuant to the ISA to the Corporation (and upon the assignment by the Corporation pursuant to the Assignment Agreement, the WIFIA Credit Provider, as the initial Assignee), a Lien on and security interest in the Pledged Collateral. The City’s obligation to pay the Installment Payments is secured by the Lien on and security interest in the Net Revenues on a parity with the Senior Obligations and senior to all Subordinate Obligations. The Lien and security interest granted to the Corporation (and upon the assignment by the Corporation pursuant to the Assignment Agreement, the WIFIA Credit Provider, as the initial Assignee) in the ISA is effective, valid, binding and perfected, in all cases, irrespective of whether any Person has notice of the granting of such Lien and security interest shall attach, be perfected and be valid and binding immediately without the need for any physical delivery, recordation, filing, or further act. All organizational, regulatory or other necessary action on the part of the City and the Corporation with respect to the foregoing has been duly and validly taken. The Pledged Collateral shall not be used for any other purpose while any of the Installment Payments remain unpaid, except that out of the System Revenues there may be apportioned such sums, for such purposes, as are expressly permitted by this Agreement and the ISA. The Lien on and security interest in the Pledged Collateral is in full force and effect and is not subordinate or junior to any other Lien on or security interest in the Pledged Collateral. The Lien on and security interest in the Net Revenues and the collateral described in clause (d) of the definition of “Pledged Collateral” granted hereby is on a parity with the pledge and lien which secures the payment of the Senior Obligations. The Lien on and security interest in the WIFIA Payment Account and all proceeds deposited therein from time to time and the WIFIA Reserve Account and all proceeds deposited therein from time to time is not subject to any other Lien or security interest. In addition, with respect to the Lien on and security interest in amounts in the WIFIA Payment Account and the WIFIA Reserve Account, such Lien and security interest is solely for the benefit of the Corporation (and upon the assignment...
Pledge of Security. A security interest created by an issuer by means of a security agreement:
