Pledge of Shares definition

Pledge of Shares means a pledge of the Shares to be executed by the Guarantor in favour of the Security Agent (on behalf of the Finance Parties and the Hedging Banks) in form and substance satisfactory to the Security Agent (on behalf of the Finance Parties and the Hedging Banks).
Pledge of Shares means the first priority pledge in favour of the Owners over all shares and equity interest of the Charterers (together with (to the extent legally possible) inter alia, letters of resignation from the current directors and officers and covenants to obtain such from future directors and officers) in such form and substance as acceptable to the Owners;
Pledge of Shares the agreement entitled "Pledge of Shares Agreement" to be entered into among the Borrower, VAALCO International and IFC and in form and substance satisfactory to IFC, pursuant to which all of the issued and outstanding shares of the Borrower are pledged to IFC as security for the Loans;  "Potential Event of Default"any event or circumstance which would, with notice, lapse of time, the making of a determination or any combination thereof, become an Event of Default; 

Examples of Pledge of Shares in a sentence

  • Please see the Contractual Liens & Pledge of Shares; Cross-Collateralization paragraph for additional information on those separate rights that you have granted to us.

  • Deed of Pledge of Shares (in the capital of Xxxxxxx Xxxxxx X.X.) xxxxxxx Xxxxxxx (Xxxx Xxxx) Limited, as pledgor, Cortland Capital Market Services LLC, as pledgee, and Corsair Memory B.V., as company.

  • I understand that I must, at all times, keep a sum equal to my Credit Limit on deposit in the designated regular share and/or certificate account(s) identified on the Pledge of Shares/ Certificate Agreement until I repay my entire Account Balance and the Account is terminated.

  • The obligations of the Company to deliver the GMA shares on exercise of the right contained in the PDRs are secured by the Pledge of Shares in favor of the Pledge Trustee acting on behalf of each holder of a PDR over the GMA shares.

  • You understand that if you default on your Account we may apply all that is pledged to your Account (IRA and Xxxxx accounts are excluded from the Pledge of Shares).


More Definitions of Pledge of Shares

Pledge of Shares means a first priority share pledge of all the shares of the Owner in the Seller executed by the Seller in favor of DVB Bank SE as Security Trustee through a shares security deed dated 1st September 2017 (the “Shares Security Deed”).
Pledge of Shares means the pledge of shares as required by Schedule 9 (Security Documents) and as set out in Exhibit E.
Pledge of Shares means a pledge over the Borrower’s shares the Target as required by Clause 15.1 and as set out in Exhibit A.
Pledge of Shares means any of them
Pledge of Shares means that Pledge of Shares Agreement between the parties hereto dated concurrently herewith in favour of the Optionee;
Pledge of Shares the agreement entitled "Amended and Restated Pledge of Shares Agreement" dated May 31, 2002 and amended and restated as of August 23, 2002 among the Sponsor, VII and IFC;"; "'Subordination and Share Retention Agreement' the agreement entitled "Amended and Restated Subordination and Share Retention Agreement" dated May 10, 2002 and amended and restated August 23, 2002 among the Borrower, VII, the Sponsor, NIC and IFC;"; and "'Sponsor' VAALCO Energy, Inc., a corporation organized and existing under the laws of Delaware;";
Pledge of Shares means, in relation to a Borrower, the first priority share pledge of all the shares of that Borrower executed or (as the context may require) to be executed by the relevant shareholder in favour of the Security Agent in the form set out in Schedule 12 (Form of Pledge of Shares) Pollutant means and includes pollutants, contaminants, toxic substances, oil as defined in the United States Oil Pollution Act of 1990 and all hazardous substances as defined in the United States Comprehensive Environmental Response, Compensation and Liability Axx 0000 Quotation Date means, in relation to any period for which LIBOR is to be determined under this Agreement, the date falling two (2) Business Days before the first day of that period or such other date on which quotations would customarily be provided by leading banks in the London interbank market for deposits in Dollars for delivery on the first day of that period Reference Banks means, in relation to LIBOR, the principal London office of each of HSBC Plc, Barclays Plc and JX Xxxxxx N.A. or any other bank appointed as a Reference Bank pursuant to clause 22.18 (Change of Reference Bank) Registry means, in relation to each Ship, such registrar, commissioner or representative of the relevant Flag State who is duly authorised and empowered to register such Ship, the relevant Owner’s title to such Ship and the relevant Mortgage under the laws and flag of the relevant Flag State Related Company of a person means any Subsidiary of such person, any company or other entity of which such person is a Subsidiary and any Subsidiary of any such company or entity Relevant Jurisdiction means any jurisdiction in which or where any Security Party is incorporated, resident, domiciled, has a permanent establishment, carries on, or has a place of business or is otherwise effectively connected or any jurisdiction whose laws govern the perfection of any of the Security Documents entered into by any Security Party