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 a foreclosure, sale or other transfer of the Pledged Interest pursuant to a pledge agreement or security agreement, the successor Member may transfer its interests in the Company, subject to Section 14 hereof.

• The Company acknowledges that a pledge of the Pledged Interest made by the Member in connection with a pledge agreement or security agreement shall, to the fullest extent permitted by applicable law, be a pledge not only of its rights with respect to the profits and losses of the Company, but also a pledge of all rights and obligations of the Member hereunder, including voting rights.

• Protective Advances in excess of said sum during any calendar year for any Pledged Interest or Collateral Property shall require the consent of the Requisite Lenders.

• The Pledged Interest is subject to the applicable transfer restrictions which may be imposed under the operating agreement of Typenex Medical or other governing documents of Typenex Medical or applicable federal and state securities laws.

• The Pledgor is the sole owner of the Pledged Interest, having good and marketable title thereto; provided, however, that the Pledged Interest may be subject to other liens and encumbrances.

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 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 as defined in Section 7.4.1.

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 Equity Interests identified as Pledged Interests of such Issuer on Annex A attached hereto (or any addendum or supplement thereto); and (E) the term "Pledged Collateral" means the "Pledged Interests" and the "Future Rights" as defined in and acquired pursuant to Section 3.2 below, collectively. Annex A may be supplemented from time to time pursuant to Section 3.2 below. The Pledgor represents and warrants to the Pledgee for the benefit of the Pledgee and the Bank Product Providers that on the date hereof (a) Annex A attached hereto correctly identifies the Pledged Interests and the Pledged Collateral owned by the Pledgor with respect to Issuers; and (b) the Pledgor is the holder of record and sole beneficial and legal owner of such Pledged Interests and Pledged Collateral.