Pledge Shares definition

Pledge Shares means such number of Equity Shares which are either pledged in accordance with the provisions of the Share Pledge Agreement or ‘earmarked’ in accordance with Articles 3A and 3B of the Share Pledge Agreement and shall include Initially Pledged Shares and Secondary Pledged Shares;

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Pledge Shares means the shares of Common Stock issuable as collateral for the Commitment Note.

Pledge Shares means five hundred thousand (500,000) shares of Common Stock held of record and beneficially owned by DARA. For the avoidance of any doubt whatsoever, the Pledge Shares are not the Purchase Shares.

Examples of Pledge Shares in a sentence

DARA shall not grant, suffer or permit any contractual or noncontractual Encumbrance in or on the Pledge Shares, except in favor of SVI, or fail to promptly pay when due all lawful claims, whether for labor, materials or otherwise.
The Pledged Shares and the Negative Pledge Shares are duly authorized and validly issued, fully paid, and non-assessable.
In the event that the Company does not have a sufficient number of authorized shares of Common Stock to issue Conversion Shares upon a conversion of the Debentures, the Company is hereby authorized to issue to Cornell such number of shares otherwise reserved as Pledge Shares to Cornell and reduce the number of Pledged Shares by the amount of such issuance.
In respect of each Initial Earnout Year, Sellers shall irrevocably release or cause the irrevocable release of 25% of the Pledge Shares immediately upon (i) if any Buyer Earnout Payment for such Initial Earnout Year is payable pursuant to this Exhibit A, receipt by the Sellers’ Representative of such Buyer Earnout Payment; and (ii) otherwise, determination of the amount of the applicable Net Profit for such Initial Earnout Year pursuant to Section 5.
Specifically, there is no shareholders agreement, voting agreement or any other agreement of any nature or kind affecting, restricting or encumbering the Pledge Shares or the Company’s right to pledge same as hereby contemplated.
The Parties agree that the Issuer shall receive the Alternative Collateral additionally to the Pledged Shares, in case of Event of Default, if the sale of the Pledge Shares does not provide enough liquidity to reimburse the Loan.
Any proceeds remaining from the sale of the Pledge Shares after meeting Mandatory Prepayment requirements shall be retained by the Company.
None of the Pledge Shares are encumbered or subject to any liens or encumbrances.
Upon receipt of such instruction, Sponsor shall use its reasonable best efforts to complete the transfer of the Pledge Shares to Parent according to the instruction set forth in such notice.
Each Debtor pledging shares shall deliver to Collateral Agent on behalf of the Secured Parties any stock dividends or securities issued in exchange for or as a distribution on any of the Pledge Shares if and as declared or distributed.

More Definitions of Pledge Shares

Pledge Shares has the meaning set forth in paragraph B of the recitals herein.

Pledge Shares refers herein to 228,266 Dissenter's Shares comprised of the ▇▇▇▇▇ Pledge Shares, the ▇▇▇▇▇▇ Pledge Shares, the ▇▇▇▇▇▇ Pledge Shares, the Lightman Pledge Shares and the ▇▇▇▇▇▇▇ Pledge Shares, recognizing that Bailey, Goletz, Lightman and ▇▇▇▇▇▇▇ transferred each of their respective rights, title and interest in their respective Pledge Shares to ▇▇▇▇▇ in or before December 2000;

Pledge Shares has the meaning specified in Section 2(a)

Pledge Shares has the meaning set forth in Section 2.2(c).

Pledge Shares means the shares of common stock of the Company owned by ▇▇▇▇▇ ▇▇▇▇▇▇▇ that have been pledged pursuant to the Pledge Agreement, dated as of the date hereof among the ▇▇▇▇▇ ▇▇▇▇▇▇▇, the Purchasers and the Pledge Holder.