Pledged Borrower Stock definition

Pledged Borrower Stock has the meaning assigned to such term in Section 3.01.
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Pledged Borrower Stock means all of the Equity Interests in Borrower.
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Pledged Borrower Stock means Pledged Collateral constituting equity interests in Borrower pledged hereunder, rights described in Section 2.2(a)(iii) relating thereto and proceeds thereof.
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Examples of Pledged Borrower Stock in a sentence

  • For the avoidance of doubt and notwithstanding anything to the contrary in this Agreement, nothing in this paragraph shall limit the pledge of such Pledged Borrower Stock and other securities from securing the Secured Obligations (other than the relevant Series of Other First Lien Obligations) at all relevant times or from securing any Other First Lien Obligations that are not in respect of securities subject to regulation by the SEC.

  • To the extent any proceeds of any collection or sale of Pledged Borrower Stock deemed by this paragraph to no longer constitute part of the Pledged Collateral for the relevant Series of Other First Lien Obligations are to be applied by the Agent in accordance with Section 5.02 hereof, such proceeds shall, notwithstanding the terms of Section 5.02 and the First Lien Intercreditor Agreement, not be applied to the payment of such Series of Other First Lien Obligations.

  • Upon such termination, the Secured Party shall deliver to the Pledgor, at the Pledgor's sole expense, all certificates and instruments representing or evidencing the Pledged Borrower Stock to be released in accordance with the foregoing provisions, together with all Additional Pledged Securities and other Collateral (if any) related to the Pledged Borrower Stock to be released held by the Secured Party hereunder.

  • The capital stock of the Borrower as identified on Exhibit A hereto is hereby pledged (the "PLEDGED BORROWER STOCK") and, if any certificate evidences the Pledged Borrower Stock, it shall be held by the Secured Party, together with an assignment of the Pledged Borrower Stock duly executed in blank, until the Note is paid in full and all Obligations are satisfied.

  • Notwithstanding the foregoing, prior to the occurrence of any default in the payment or performance of Pledgor of the Obligations, subject to all applicable grace or cure periods, Pledgor shall not be required to cause any of the Pledged Borrower Stock to be registered on the books and records of the Borrower in the name of the Secured Party.

  • The Pledgor is and shall be the record owner of the Pledged Borrower Stock and any other securities that may be pledged hereunder from time to time.

  • The Collateral Agent shall be under no obligation to delay a sale of any of such Pledged Borrower Stock, Pledged Equity Interests or the Pledged Debt Securities for the period of time necessary to permit the Issuer thereof to register such securities for public sale under the Securities Act, or under applicable state securities laws, even if such Issuer would agree to do so.

  • Notwithstanding the pledge of the Pledged Borrower Stock hereunder, unless and until there shall have occurred a default in the payment or performance by the Pledgor of the Obligations, subject to all applicable grace or cure periods, the Pledgor shall exercise all rights and privileges as a stockholder of the Borrower with respect to the Collateral, including, but not limited to, voting, economic and management rights and privileges.

  • Jurisdiction; Consent to Service of Process 19 Schedule I Pledged Borrower Stock This HOLDINGS GUARANTEE AND PLEDGE AGREEMENT (ABL), dated and effective as of August 30, 2013 (as amended, renewed, extended, restated, supplemented or otherwise modified from time to time, this “Agreement”), is between XX XXXXXX ENTERPRISES, INC., a Delaware corporation (“Holdings”), and BMO XXXXXX BANK N.A. (“BMO”), as Collateral Agent for the benefit of the Secured Parties.

  • Schedule 4.07(a) hereto sets forth under the heading "Pledged Borrower Stock" all of the Equity Interests owned by Holdings in Borrower and the shares of such Pledged Borrower Stock pledged by Holdings hereunder constitute 100% of the issued and outstanding shares of stock of Borrower.


More Definitions of Pledged Borrower Stock

Pledged Borrower Stock has the meaning specified therefor in Section 5(a) hereof.
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Related to Pledged Borrower Stock

  • Foreign Subsidiary Borrower means each Borrower that is a Foreign Subsidiary.

  • Designated Borrower has the meaning specified in the introductory paragraph hereto.

  • Borrower/s means and refers to jointly and severally to the Applicants (more particularly described in the Application Form) who has/have been sanctioned/granted/disbursed the Loan by ABFL pursuant to the relevant Application Form submitted by such applicants to ABFL for availing of the Loan and depending upon the nature of the Borrower/s, shall, unless repugnant to the context or meaning thereof, be deemed to include his/her legal heirs, executors and administrators;

  • Domestic Subsidiary Borrower means any Subsidiary Borrower which is a Domestic Subsidiary.

  • U.S. Borrower means any Borrower that is a U.S. Person.

  • Designated Borrower Notice has the meaning specified in Section 2.14.

  • Foreign Borrower means any Borrower that is a Foreign Subsidiary.

  • Canadian Borrower as defined in the preamble hereto.

  • Domestic Borrower means the Company and each Designated Borrower that is a Domestic Subsidiary.

  • Foreign Borrowers means, as of any date of determination and individually or collectively (as the context may require), any Borrower not incorporated, formed or organized within the United States, and listed on Schedule A-2 attached hereto.

  • Qualified borrower means any borrower that is a sponsoring entity that has a controlling interest in the real property that is financed by a qualified loan. A controlling interest includes, but is not limited to, a controlling interest in the general partner of a limited partnership that owns the real property.

  • Subsidiary Borrower means any Eligible Subsidiary that becomes a Subsidiary Borrower pursuant to Section 2.23 and that has not ceased to be a Subsidiary Borrower pursuant to such Section.

  • Borrowing Subsidiary means any Subsidiary that has been designated as such pursuant to Section 2.18 and that has not ceased to be a Borrowing Subsidiary as provided in such Section.

  • Subsidiary Borrowers as defined in the preamble hereto.

  • Pledged Stock has the meaning assigned to such term in Section 3.01.

  • Pledged Equity Interest means an Equity Interest that is included in the Collateral at such time.

  • U.S. Borrowers shall have the meaning provided in the first paragraph of this Agreement.

  • Domestic Credit Party means any Credit Party that is organized under the laws of any State of the United States or the District of Columbia.

  • Pledged Funds means all of the Series Pledged Funds.

  • Domestic Loan Party means any Loan Party organized under the laws of any state of the United States of America or the District of Columbia.

  • Canadian Borrowers has the meaning specified in the preamble to this Agreement.

  • Pledged Equity Interests means all Pledged Stock, Pledged LLC Interests, Pledged Partnership Interests, Pledged Trust Interests and Pledged Alternative Equity Interests.

  • Co-Borrower shall have the meaning assigned to such term in the introductory paragraph of this Agreement.

  • Foreign Subsidiary means any Subsidiary that is not a Domestic Subsidiary.

  • UK Borrower means any Borrower (i) that is organized or formed under the laws of the United Kingdom or (ii) payments from which under this Agreement or any other Loan Document are subject to withholding Taxes imposed by the laws of the United Kingdom.

  • Canadian Credit Party means Borrower and each other Credit Party that (i) is organized under the laws of Canada or any province or territory thereof, (ii) carries on business in Canada, or (iii) has any title or interest in or to material property in Canada.