Pledged LLC Interest definition

Pledged LLC Interest means at any time any membership interest or similar interest in a limited liability company that is included in the Pledged Equity Interests at such time.

Pledged LLC Interest any and all of each Pledgor’s interests, including units of membership interest, in the Limited Liability Companies as set forth in Schedule I attached hereto and any Additional Pledged LLC Interest at any time pledged pursuant to Section 5(e), including, without limitation, all its rights to participate in the operation or management of the Limited Liability Companies and all its rights to properties, assets, member interests and distributions (except as otherwise provided herein) under the Limited Liability Company Agreements in respect of such membership interests, together with all certificates, options or rights of any nature whatsoever which may be issued or granted by any of the Issuers to any of the Pledgors in respect of the Pledged LLC Interests while this Pledge Agreement is in effect.

Pledged LLC Interest means any and all of Pledgor’s interests, including units of membership interest, in the Limited Liability Companies as set forth in Schedule I attached hereto and any Additional Pledged LLC Interest at any time pledged pursuant to Section 5(e), including, without limitation, all its rights to participate in the operation or management of the Limited Liability Companies and all its rights to properties, assets, member interests and distributions (except as otherwise provided herein) under the Limited Liability Company Agreements in respect of such member interests.

Examples of Pledged LLC Interest in a sentence

• Unless an Event of Default shall have occurred and be continuing, the Applicable Agent will have no right to take any action which the owner of a Pledged Partnership Interest or Pledged LLC Interest is entitled to take with respect thereto, except the right to receive payments and other distributions to the extent provided herein.

• Unless an Event of Default shall have occurred and be continuing, the Collateral Agent will have no right to take any action which the owner of a Pledged Partnership Interest or Pledged LLC Interest is entitled to take with respect thereto, except the right to receive payments and other distributions to the extent provided herein.

• Unless an Event of Default shall have occurred and be continuing, no Secured Party will have any right to take any action which the owner of a Pledged Partnership Interest or Pledged LLC Interest is entitled to take with respect thereto, except the right to receive payments and other distributions to the extent provided herein.

• Unless an Event of Default shall have occurred and be continuing, the Secured Party will have no right to take any action which the owner of a Pledged Partnership Interest or Pledged LLC Interest is entitled to take with respect thereto, except the right to receive payments and other distributions to the extent provided herein.

• Concurrently with the delivery to the Administrative Agent of each certificate representing one or more shares of the Pledged Stock, Pledged LLC Interest or Pledged Partnership Interest which is a Security, each Pledgor shall deliver an undated stock power or transfer power covering such certificate, duly executed in blank with, if the Administrative Agent so requests, signature guaranteed.

More Definitions of Pledged LLC Interest

Pledged LLC Interest means, with respect to any Seller Subsidiary, any and all of the related Pledgor’s limited liability company membership interest or economic interest therein, including units of membership interest, as set forth in the related Confirmation, in such Seller Subsidiary, including, without limitation, all its rights to participate in the operation or management of such Seller Subsidiary and all its rights to properties, assets, member interests and distributions under the limited liability company agreement in respect of such membership interests, together with all certificates, options or rights of any nature whatsoever that may be issued or granted by the applicable Seller Subsidiary to Pledgor in respect of the Pledged LLC Interest while this Agreement is in effect. To the extent that a Pledged LLC Interest is subject to a Transaction hereunder, the related Confirmation shall set forth the related Seller Subsidiary and Pledgor.

Pledged LLC Interest means any and all of Borrower's interests, including units of membership interest, in the Limited Liability Companies as set forth in Schedule I attached hereto and any Additional Pledged LLC Interest at any time pledged pursuant to Section 5(f), including, without limitation, all its rights to participate in the operation or management of the Limited Liability Companies and all its rights to properties, assets, member interests and distributions under the Limited Liability Company Agreements in respect of such member interests. "Pledged LLC Interest" also includes (i) all accounts receivable arising out of the applicable Limited Liability Company Agreements in respect of such Pledged LLC Interests ("Accounts"); (ii) all general intangibles arising out of the applicable Limited Liability Company Agreements in respect of, or constituted by, such Pledged LLC Interest ("General Intangibles"); and (iii) to the extent not otherwise included, all Proceeds of any and all of the foregoing (including within Proceeds, whether or not otherwise included therein, and any and all contractual rights of the Borrower under any revenue sharing or similar agreement to receive all or any portion of the revenues or profits of the Issuer of any Pledged LLC Interest).

Pledged LLC Interest also includes (i) all accounts receivable arising out of the applicable Limited Liability Company Agreements in respect of such Pledged LLC Interests ("Accounts"); (ii) all general intangibles arising out of the applicable Limited Liability Company Agreements in respect of, or constituted by, such Pledged LLC Interest ("General Intangibles"); and (iii) to the extent not otherwise included, all Proceeds of any and all of the foregoing (including within Proceeds, whether or not otherwise included therein, and any and all contractual rights of the Borrower under any revenue sharing or similar agreement to receive all or any portion of the revenues or profits of the Issuer of any Pledged LLC Interest).

Pledged LLC Interest means any and all of any Pledgor's interests in a limited liability company, including units of any LLC Interest in each Limited Liability Company set forth on Part B of Schedule I hereto and any Additional Pledged LLC Interest listed on Part B of Schedule I to any supplement to this Pledge Agreement delivered pursuant to Section 5(e) and any Additional Pledged LLC Interests pledged to the Collateral Agent pursuant to Section 5(a), including, without limitation, all its rights to participate in the operation or management of the Limited Liability Companies and all its rights to properties, assets, member interests and distributions (except as otherwise provided herein) under the Limited Liability Company Agreements in respect of such member interests.

Pledged LLC Interest shall have the meaning ascribed thereto in -------------------- Section 4(a) hereof.

Pledged LLC Interest means all of the Pledgor’s right, title and interest as a member of Nuclear Energy Holdings, L.L.C. a Delaware limited liability company and all of the Pledgor’s right, title and interest in, to and under the LLC Agreement.

Pledged LLC Interest any and all of Pledgor's interests, including units of membership interest, in the Limited Liability Companies as set forth in Schedule I attached hereto, including, without limitation, all its rights to participate in the operation or management of the Limited Liability Companies and all its rights to properties, assets, member interests and distributions (except as otherwise provided herein) under the Limited Liability Company Agreements in respect of such membership interests, together with all certificates, options or rights of any nature whatsoever that may be issued or granted by Seller to Pledgor in respect of the Pledged LLC Interests while this Pledge Agreement is in effect.