Pledged Interest definition

Pledged Interest means the interests pledged pursuant to the Pledge Agreements described in Paragraph 3.1.

Pledged Interest has the meaning assigned to such term in the Pledge Agreement.

Pledged Interest means the limited liability company interest of the Pledgor in the Issuer, which represents a 100% ownership interest in the Issuer.

Examples of Pledged Interest in a sentence

• Upon the execution of this Note and Pledge, Pledgor shall deliver to Holder the certificate(s) representing the Pledged Interest (to the extent such Pledged Interest is certificated), together with duly executed forms of assignment sufficient to transfer title thereto to Holder.

• If an Event of Default occurs hereunder, Holder may exercise any and all rights, powers and remedies of any owner of the Pledged Interest (including the right to vote the Pledged Interest and receive distributions with respect to such Pledged Interest) and shall have and may exercise without demand any and all of the rights and remedies granted to a secured party upon default under the Uniform Commercial Code of the Commonwealth of Massachusetts or otherwise available to Holder under applicable law.

• Notwithstanding anything to the contrary contained herein, until such time as there exists an Event of Default hereunder, Pledgor shall be entitled to all voting rights (if any) with respect to the Pledged Interest and, shall be entitled to receive all distributions paid in respect of the Pledged Interest, if any.

• Upon payment in full of the indebtedness evidenced by this Note and Pledge, Holder shall take all necessary action required to release any security interests Holder has with respect to the Pledged Interest.

• To the extent that the Pledged Interest is not currently certificated but one or more certificates are issued in the future representing the Pledged Interest, Pledgor covenants and agrees to promptly deliver to Holder such certificate(s), together with duly executed forms of assignment sufficient to transfer title thereto to Holder.

More Definitions of Pledged Interest

Pledged Interest. ​ means all of the Partnership Interest lawfully owned by the Pledgors as of the effectiveness of this Agreement and to be pledged hereunder to the Pledgee as security for the performance by the Pledgors and the Partnership of their respective Contractual Obligations and increased capital contribution amounts and dividends under Sections 2.6 and 2.7 hereof.

Pledged Interest has the meaning given in Section 4.5(f).

Pledged Interest as defined in Section 7.4.1.

Pledged Interest means, as to each Pledgor, the Partnership Interests of such Pledgor and any other equity interest required to be pledged by such Pledgor.

Pledged Interest means, at any time of determination, all right, title and interest created hereunder in each and every then outstanding Receivable, (ii) all Related Security with respect to each such Receivable.

Pledged Interest shall have the meaning provided in Section 2.

Pledged Interest means, with respect to each Issuer, the Designated Number of Capital Stock identified as Pledged Interests of such Issuer on Annex A attached hereto of the Pledgor that is a holder of the Capital Stock of such Issuer (or any addendum or supplement thereto); (D) the term "Pledged Collateral" means the "Pledged Interests" and the "Future Rights" as defined in and acquired pursuant to Section 3.2 below, collectively, and (E) "Excluded Capital Stock" means, with respect to any Issuer that is a