Pledged Interests definition

Pledged Interests shall have the meaning ascribed to such term in Section 4(j).

Pledged Interests means, collectively, (a) the Pledged Debt, (b) the Pledged Shares and (c) all security entitlements in any and all of the foregoing.

Pledged Interests means all of each Grantor’s right, title and interest in and to all of the Equity Interests now owned or hereafter acquired by such Grantor, regardless of class or designation, including in each of the Pledged Companies, and all substitutions therefor and replacements thereof, all proceeds thereof and all rights relating thereto, also including any certificates representing the Equity Interests, the right to receive any certificates representing any of the Equity Interests, all warrants, options, share appreciation rights and other rights, contractual or otherwise, in respect thereof and the right to receive all dividends, distributions of income, profits, surplus, or other compensation by way of income or liquidating distributions, in cash or in kind, and all cash, instruments, and other property from time to time received, receivable, or otherwise distributed in respect of or in addition to, in substitution of, on account of, or in exchange for any or all of the foregoing.

Examples of Pledged Interests in a sentence

• Each Pledgor further hereby expressly waives any and all rights under any Operating Agreement of a Pledged Entity in which such Pledgor owns Pledged Interests which, whether exercised by such Pledgor or not, would prevent, inhibit or interfere with the granting of a security interest in the Collateral, the foreclosure of such security interest in the Collateral by Administrative Agent or the full realization by Administrative Agent of any of its other rights under this Pledge Agreement.

• Unless an Event of Default shall have occurred and be continuing, each Pledgor shall be permitted to exercise all voting and company rights with respect to the Pledged Interests owned by such Pledgor; provided, however, that no vote shall be cast or company right exercised or other action taken which, in Administrative Agent’s reasonable judgment, would impair the Collateral or which would be inconsistent with or result in any violation of any provision of the Loan Documents.

• In order to further effect the foregoing grant of rights in favor of the Administrative Agent, Administrative Agent shall have the right, upon the occurrence and during the continuance of an Event of Default, to present to any issuer of Pledged Interests (or any other Collateral, as may be applicable) an irrevocable proxy, registration page, and/or stock ledger.

• Each Pledgor agrees that any assignee of the Pledged Interests shall not be liable for the obligations and liabilities of such Pledgor with respect to any Pledged Entity owned by such Pledgor arising before such assignee’s admission to such Pledged Entity, except to the extent required by law.

• To secure each Pledgor’s obligations under the Loan Agreement, each Pledgor as the legal and beneficial owner of the Pledged Interests (as hereinafter defined), has agreed to execute and deliver this Pledge Agreement.

More Definitions of Pledged Interests

Pledged Interests has the meaning specified in the Security Agreement.

Pledged Interests means “Pledged Interests” (or similar term) as defined in the Security Agreement and each other applicable Collateral Document.

Pledged Interests means all of each Grantor’s right, title and interest in and to all of the Stock now or hereafter owned by such Grantor, regardless of class or designation, including all substitutions therefor and replacements thereof, all proceeds thereof and all rights relating thereto, also including any certificates representing the Stock, the right to receive any certificates representing any of the Stock, all warrants, options, share appreciation rights and other rights, contractual or otherwise, in respect thereof, and the right to receive dividends, distributions of income, profits, surplus, or other compensation by way of income or liquidating distributions, in cash or in kind, and cash, instruments, and other property from time to time received, receivable, or otherwise distributed in respect of or in addition to, in substitution of, on account of, or in exchange for any or all of the foregoing.

Pledged Interests means the Subsidiary Securities heretofore pledged to the Collateral Agent and the Subsidiary Securities required to be pledged as Collateral pursuant to this Agreement or the terms of any Security Instrument.

Pledged Interests shall have the meaning set forth in Section 2.1.

Pledged Interests means all of each Grantor’s right, title and interest in and to all of the Stock now or hereafter owned by such Grantor, regardless of class or designation, including, without limitation, in each of the Pledged Companies, and all substitutions therefor and replacements thereof, all proceeds thereof and all rights relating thereto, including, without limitation, any certificates representing the Stock, the right to request after the occurrence and during the continuation of an Event of Default that such Stock be registered in the name of Agent or any of its nominees, the right to receive any certificates representing any of the Stock and the right to require that such certificates be delivered to Agent together with undated powers or assignments of investment securities with respect thereto, duly endorsed in blank by such Grantor, all warrants, options, share appreciation rights and other rights, contractual or otherwise, in respect thereof and of all dividends, distributions of income, profits, surplus, or other compensation by way of income or liquidating distributions, in cash or in kind, and cash, instruments, and other property from time to time received, receivable, or otherwise distributed in respect of or in addition to, in substitution of, on account of, or in exchange for any or all of the foregoing.

Pledged Interests means, collectively, the Initial Pledged Interests and the Additional Pledged Interests.