Pledged Companies definition
Examples of Pledged Companies in a sentence
The Pledged Share Collateral Guarantor and the Pledged Companies may change their respective addresses and transmission numbers by written notice to the Collateral Trustee.
The Pledged Share Collateral Guarantor waives diligence, presentment, protest, demand for payment and notice of default or nonpayment to or upon the Pledged Companies, the Pledged Share Collateral Guarantor or any other obligor with respect to the Obligations.
The result of the provisions was that the Guaranty Documents were only enforceable from the proceeds of the sale of the interests in the pledged companies, namely Deluxe, P.I.M., Venco, and their subsidiaries (collectively, the “Pledged Companies”), and the Lenders could not attempt to enforce the Guaranty Documents until they had made all reasonable efforts to exhaust the collateral aside from the interests in the Pledged Companies.
Notices by the Collateral Trustee to the Pledged Share Collateral Guarantor or the Pledged Companies may be given by mail or by facsimile transmission, addressed or transmitted to the Pledged Share Collateral Guarantor or the Pledged Companies at the address or transmission number set forth in Section 13.02 of the Indenture and shall be effective (a) in the case of mail, three Business Days after being deposited in the mail, postage prepaid, and (b) in the case of telecopy notice, when received.
The Pledgor waives diligence, presentment, protest, demand for payment and notice of default or non-payment to or upon the Pledgor, any of the Pledged Companies or any other Security Party with respect to the Obligations.