Pledged Units definition

Pledged Units means any Units pledged by a Limited Partner to the Partnership or the General Partner, whether pursuant to this Agreement or by separate agreement.

Pledged Units means (a) the Common Units that have been pledged, or any Common Units that become pledged, to the Administrative Agent for the benefit of the Lenders and the other secured parties pursuant to the Security Instruments (as defined in the Credit Agreement) as security for the repayment of all obligations owing to the Administrative Agent and the Lenders pursuant to the Credit Agreement and the other Loan Documents (as defined in the Credit Agreement), including, without limitation, the Common Units described on Schedule 1 attached hereto, and (b) any security issued in respect of a Common Unit because of or in connection with any conversion, dividend, distribution or split, or in connection with a combination of shares, recapitalization, merger or consolidation.

Pledged Units has the meaning set forth in Section 10.8.

Examples of Pledged Units in a sentence

• The AMC and / or the ISC will note and record such Pledged Units.

• The AMC and / or the Registrar will note and record such Pledged Units.

• Business Days of such Collateral Release Date, request the release of Pledged HEP Units (including all Pledged Units related thereto) with a Fair Market Value of Pledged HEP Units (as determined on such Collateral Release Date) of up the Excess Collateral Amount by submitting a written request to Secured Party.

• The AMC and/or the ISC/Collection Centres will note and record such Pledged Units.

• If the Applicable ROFR is exercised, the Pledged Units shall be sold free and clear of the pledge and security interest, or any other right, obligation or encumbrance created by this Agreement and the Proceeds therefrom shall remain a part of the pledged Collateral hereunder, and shall be applied to the Secured Obligations.

More Definitions of Pledged Units

Pledged Units mean each unit or item of Pledged Equipment.

Pledged Units means the HEP Units described on Schedule 1 attached hereto (as such schedule may be supplemented or otherwise modified from time to time pursuant to a supplement hereto or other written agreement executed by Pledgor and Secured Party).

Pledged Units has the meaning set forth in Section 2.6.

Pledged Units means JJLP’s Equity Interest in Jupiter.

Pledged Units has the meaning given to such term in Section 3.1(a).

Pledged Units has the meaning set forth in Section 5.5(e)(i).

Pledged Units has the meaning specified in the Recitals.