Pledged NITE Stock definition

Pledged NITE Stock means the NITE Stock pledged by the Borrower to the Agent under this Stock Pledge Agreement, as shown on Schedule A, including any additional NITE Stock pledged to the Agent, including without limitation, additional NITE Stock pledged in accordance with the provisions of Section 4.3 of this Stock Pledge Agreement.
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Pledged NITE Stock. The NITE Stock pledged to the Revolving Lenders under the Pledge Agreement.
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Examples of Pledged NITE Stock in a sentence

  • The Borrower shall provide to the Agent weekly a report showing the current fair market value of the Pledged NITE Stock.

  • Failure to provide such additional Pledged NITE Stock within three Business Days shall constitute a default under this Stock Pledge Agreement unless the total amount outstanding under the Notes does not exceed the Maximum Loan Availability.

  • The Borrower shall not be entitled to any Advance hereunder if, after the making of such Advance, the Principal Loan Amount would exceed the least of (w) the then current Base Revolving Credit Facility, or (x) one and one-half (1 1/2) times the Borrower's Annualized Modified Cash Flow, or (y) the number of Core Retail Accounts times $200, or (z) seventy percent (70%) of the then current fair market value of the Pledged NITE Stock, determined in each case after giving effect to the requested Advance.

  • In the event that the fair market value of the Pledged NITE Stock at any time is less than $36,000,000, the Borrower shall give notice of such deficiency to the Agent and, within three Business Days after the determination of the deficiency, deliver to the Agent, or transfer into the Pledged Account, as applicable, additional NITE Stock such that the fair market value of the Pledged NITE Stock again shall be at least $50,000,000.

  • The Pledged NITE Stock shall be marked to market daily to determine the fair market value of such Collateral.

  • The Borrower represents and warrants that the original Pledged NITE Stock has a market value of at least $50,000,000.

  • The Pledged NITE Stock shall be marked to market weekly to determine the fair market value of such Collateral.

  • This right is in addition to any rights the Agent may have as to Pledged NITE Stock held in the Pledged Account.

  • In the event that the fair market value of the Pledged NITE Stock (including any additional Pledged NITE Stock delivered to the Agent pursuant to this Stock Pledge Agreement) on any day is less than $85,715,000 or if, on any day, the Principal Loan Amount exceeds 70% of the fair market value of the Pledged NITE Stock on such day, the Borrower shall give notice of such deficiency to the Agent as soon as practicable, but in no event later than three Business Days after the occurrence of such event(s).

  • The Borrower represents and warrants that the current Pledged NITE Stock on the date hereof has a market value of at least $85,715,000.