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

• Security Interest – If you give us a specific pledge of shares by signing a separate Pledge of Shares, you pledged shares will secure your account.

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

• 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.

• 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.

• On 10/09/2009 the plaintiff and the defendant entered into an agreement for sale of the flat in the first floor of the building, being Deed No 2343 of 2009.

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 the Bank as Lender through a deed of charge dated 22nd January 2018 (the “Deed of Charge”).

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 any of them.

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 that Pledge of Shares Agreement between the parties hereto dated concurrently herewith in favour of the Optionee;

Pledge of Shares means the Pledge of Shares among the Guarantor, GREKA Colombia and the Agent, in substantially the form of Exhibit K hereto, as amended from time to time.

Pledge of Shares means (i) in respect of the Original Guarantors, the pledge of the issued share capital of the Original Guarantors to be granted by the Borrower in favour of the Security Trustee (and held by the Security Trustee on behalf of itself and the Lenders), together with any and all notices and acknowledgments entered into in connection therewith and (ii) in respect of an Additional Guarantor, the pledge of the issued share capital of that Additional Guarantor to be granted by the Borrower in favour of the Security Trustee (and held by the Security Trustee on behalf of itself and the Lenders), together with any and all notices and acknowledgments entered into in connection therewith.