Pledged Membership Interest definition

Pledged Membership Interest has the meaning given to such term in the Security Trust Agreement.
Sample 1Sample 2Sample 3
Pledged Membership Interest means all of the membership interest in certain Grantors (other than the Borrower) described in the attached Schedule II or in any Collateral Supplement or Grantor Supplement.
Sample 1Sample 2
Pledged Membership Interest has the meaning given to the term “Membership Interests” in the Membership Interest Pledge Agreement.
Sample 1

Examples of Pledged Membership Interest in a sentence

  • The parties hereto expressly agree that, unless the Pledgee shall become the absolute owner of a Pledged Partnership Interest or a Pledged Membership Interest pursuant hereto, this Agreement shall not be construed as creating a partnership or joint venture among the Pledgee, any other Secured Creditor and/or any Pledgor.

  • The Issuer or an Issuer Subsidiary is the beneficial owner of the Pledged Shares, the Pledged Debt, the Pledged Beneficial Interest, the Pledged Membership Interest, the Agreement Collateral, the Non-Trustee Accounts and other Collateral, free from all Encumbrances and claims whatsoever other than Permitted Encumbrances.

  • The pledge of any Pledged Membership Interest made by a Grantor hereunder shall be a pledge not only of profits and losses of the Person having issued the Pledged Membership Interest (the “Pledged LLC Entity”), but also a pledge of all rights and obligations of the Pledged LLC Entity.

  • Provided that no Default or Event of Default has occurred and is continuing, upon the release of a Pool Property as set forth above, Administrative Agent will release from the liens and security interests of the Loan Documents the Pledged Membership Interest of the owner of such Pool Property pledged hereunder, provided any amounts due under Section 2.10 arising from such release are paid in accordance with the terms thereof.

  • In the case of any Pledged Membership Interests constituting such Collateral, all of such Pledged Membership Interests are duly authorized and validly issued, fully paid, and non-assessable, and constitute all of the Membership Interests of each Pledged Membership Interest Company.

  • Upon the termination of this Agreement as provided above (other than as a result of the sale of the Pledged Collateral), the Agent will release the security interest created hereunder and, if it then has possession of the Pledged Membership Interest or other Pledged Collateral, will deliver the Pledged Membership Interest and the Powers or such other Pledged Collateral to the Pledgor.

  • Upon the termination of this Agreement as provided above (other than as a result of the sale of the Pledged Collateral), the Trustee will release the security interest created hereunder and, if it then has possession of the Pledged Membership Interest, will deliver the Pledged Membership Interest and the Powers to Pledgor.

  • Concurrently with the execution of this Agreement, the Debtor shall deliver to Secured Party the certificates representing the Pledged Membership Interest and any other documents and instruments that Secured Party may reasonably request evidencing or constituting the Pledged Collateral.

  • It is hereby acknowledged by ------------------------------- each Member that certain Members have pledged all their right, title and interest in and to their interests as Members in the Company (such interests, the "Pledged Membership Interest") (specifically including a receiver or trustee appointed by a court of competent jurisdiction pursuant to the Pledge Agreement) (the "Receiver") to the Bank in connection with the Credit Facility.

  • The Assignment of Pledged Membership Interest shall be delivered to Secured Party to hold and to effectuate all such transfers and/or releases as are in accordance with the terms of this Agreement.


More Definitions of Pledged Membership Interest

Pledged Membership Interest means (a) all of Borrower's present and future right, title and interest in its membership and ownership interest in the Company, (b) Borrower's general intangibles arising out of or related to Borrower's ownership interests in the Company, (c) the rights, powers, and obligations associated with Borrower's ownership interest in the Company under the Operating Agreement or otherwise, (d) profits, dividends, distributions, and all other rights to payment of Borrower arising out of or related to Borrower's ownership interest in the Company, whether in cash, in kind, or in any other form, and during its continuance and upon its dissolution, and (e) all of the proceeds of the foregoing in every form, including without limitation, cash, accounts, general intangibles, instruments, investment property and financial assets. "Pledged Note" means (a) all of Borrower's present and future right, title and interest, if any, in any promissory note made by the purchaser of the Scottsdale Property and payable to the order of Borrower, the possession of which note shall be delivered to U.S. Bank in the event of the receipt thereof by Borrower, as well as all amendments, replacements and renewals thereof, (b) Borrower's general intangibles arising out of or related to such promissory note, (c) the rights, powers, and obligations associated with Borrower's ownership interest such promissory note, (d) profits, dividends, distributions, and all other rights to payment of Borrower arising out of or related to Borrower's ownership interest in such promissory note, whether in cash, in kind, or in any other form, and (e) all of the proceeds of the foregoing in every form, including without limitation, cash, accounts, general intangibles, instruments, investment property and financial assets. "Secured Obligations" means (a) all past, present and future indebtedness and obligations of Borrower to U.S. Bank now existing or hereafter created under the Credit Agreement or the other Loan Documents, including any refinancings, renewals or extensions of, or substitutions thereof; (b) all liabilities and obligations of Borrower hereunder; (c) all costs, expenses and liabilities, including, without limitation, reasonable attorneys' fees, which may be incurred or advances which may be made by U.S. Bank in any way in connection with any of the obligations of Borrower and any security therefor. 1.2
Sample 1
Pledged Membership Interest means all of the membership interests and all other equity interests in the Borrower, including, without limitation, all its rights to participate in the operation or management of such Borrower, all economic rights, and all of its rights to properties, assets, member interests and distributions under the Limited Liability Company Agreement in respect of such membership interest, together with all certificates, options or rights of any nature whatsoever that may be issued or granted by the Borrower to the Pledgor in respect of the Pledged Membership Interest.
Sample 1
Pledged Membership Interest means the entire membership interest at any time owned by any Pledgor in any limited liability company (each such limited liability company, a "Pledged LLC").
Sample 1
Pledged Membership Interest means the limited liability company interests in the Company and all options, warrants and rights to purchase limited liability company interests in the Company and all dividends, distributions, cash, securities, instruments and other property from time to time paid, payable or otherwise distributed in respect of or in exchange for all or any part of its limited liability company interests in the Company and all proceeds thereof.
Sample 1Sample 2
Pledged Membership Interest means all of the membership interests and all other equity interests in the Seller, including, without limitation, all of Pledgor’s rights to participate in the operation or management of the Seller and all of Pledgor’s rights to properties, assets, member interests and distributions under the Limited Liability Company Agreement in respect of such membership interest, together with all certificates, options or rights of any nature whatsoever that may be issued or granted by the Seller to the Pledgor in respect of the Pledged Membership Interest while this Agreement is in effect.
Sample 1

Related to Pledged Membership Interest

  • Membership Interest means a Member’s entire interest in the Company including such Member’s right to receive allocations and distributions pursuant to this Agreement and the right to participate in the management of the business and affairs of the Company in accordance with this Agreement, including the right to vote on, consent to, or otherwise participate in any decision or action of or by the Members granted pursuant to this Agreement.

  • Pledged Partnership Interests means all interests in any general partnership, limited partnership, limited liability partnership or other partnership including, without limitation, all partnership interests listed on Schedule 4.4(A) under the heading “Pledged Partnership Interests” (as such schedule may be amended or supplemented from time to time) and the certificates, if any, representing such partnership interests and any interest of such Grantor on the books and records of such partnership or on the books and records of any securities intermediary pertaining to such interest and all dividends, distributions, cash, warrants, rights, options, instruments, securities and other property or proceeds from time to time received, receivable or otherwise distributed in respect of or in exchange for any or all of such partnership interests.

  • Membership Interests has the meaning set forth in the recitals.

  • Partnership Interest means an ownership interest in the Partnership representing a Capital Contribution by either a Limited Partner or the General Partner and includes any and all benefits to which the holder of such a Partnership Interest may be entitled as provided in this Agreement, together with all obligations of such Person to comply with the terms and provisions of this Agreement. A Partnership Interest may be expressed as a number of Partnership Units.

  • Pledged LLC Interests means all right, title and interest of any Grantor as a member of any LLC and all right, title and interest of any Grantor in, to and under any LLC Agreement to which it is a party.

  • Pledged Equity Interests means all Pledged Stock, Pledged LLC Interests, Pledged Partnership Interests and Pledged Trust Interests.

  • Limited Partnership Interest means the ownership interest of a Limited Partner in the Partnership at any particular time, including the right of such Limited Partner to any and all benefits to which such Limited Partner may be entitled as provided in this Agreement and in the Act, together with the obligations of such Limited Partner to comply with all the provisions of this Agreement and of such Act.

  • Ownership Interests means, with respect to any Person, all of the shares of Capital Stock of such Person and all debt securities of such Person that can be converted or exchanged for Capital Stock of such Person, whether voting or nonvoting, and whether or not such Capital Stock or debt securities are outstanding on any date of determination.

  • General Partnership Interest means a Partnership Interest held by the General Partner that is a general partnership interest.

  • Derivative Partnership Interests means any options, rights, warrants, appreciation rights, tracking, profit and phantom interests and other derivative securities relating to, convertible into or exchangeable for Partnership Interests.

  • Pledged Equity has the meaning specified in the Security Agreement.

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