Pledged Share definition
Examples of Pledged Share in a sentence
In the case of any Pledged Shares constituting such Collateral, all of such Pledged Shares are duly authorized and validly issued, fully paid, and non-assessable, and constitute all of the issued and outstanding shares of capital stock of each Pledged Share Issuer.
The Pledgor has no Subsidiaries other than the Pledged Share Issuers, except as set forth in Item C of Attachment 1.
The Pledged Shares are duly authorized and validly issued, fully paid, and non-assessable, and constitute all of the issued and outstanding shares of Capital Stock of each Pledged Share Issuer, except as otherwise described on Schedule 4.1.D to the Credit Agreement.
In the event that any Dividend is to be paid on any Pledged Share or any payment of principal or interest is to be made on any Pledged Note at a time when no Default of the nature referred to in Section 11.01(f) or 11.01(g) of the Credit Agreement or Event of Default has occurred and is continuing, such Dividend or payment may be paid directly to the Pledgor.
In the event that any Dividend is to be paid on any Pledged Share at a time when no Default has occurred and is continuing, such Dividend may be paid directly to the Pledgor.
The Pledgor will not, without the prior written consent of the Lender, (a) sell, assign, transfer, pledge, or encumber in any other manner Pledgor's interest in the Pledged Share Issuer, or (b) permit any of the assets of the Pledged Share Issuer to be sold, assigned, transferred, pledged, or encumbered in any other manner.
In the case of any Pledged Shares constituting such Collateral, all of such Pledged Shares are duly authorized and validly issued, fully paid, and non-assessable, and constitute all of the issued and outstanding shares of capital stock (or 65% of the issued and outstanding shares of capital stock of each Pledged Share Issuer that is organized in a jurisdiction outside of the United States) of each Pledged Share Issuer.
For Pledged Share Accounts, dividends will accrue daily and will be credited and transferred to your Regular Share Account quarterly.
In the case of any Pledged Share constituting such Collateral, all of such Pledged Shares are duly authorized and validly issued, fully paid, and non-assessable, and constitute 100% of the issued and outstanding voting capital stock and 100% of the non-voting shares of capital stock of each Securities Issuer thereof (or 100% of such lesser percentage as is permitted to be hereafter acquired pursuant to the terms of the Credit Agreement).
II.1.1 All issued and outstanding shares of capital stock of each Pledged Share Issuer identified in Attachment 1 hereto.