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 has the meaning set forth in Section 10.8.

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.

Examples of Pledged Units in a sentence

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

• In addition, in no event shall more than 30% of the Units, the Other Units and the Pledged Units in the aggregate (as determined by mileage records and measured at the end of each calendar quarter for the 12 month period ending on the last day of the calendar quarter immediately preceding such calendar quarter) be used in Mexico.

• The sale of the Units described on Schedule 1-A hereto and the Existing Equipment Subleases, the Pledged Units and the Existing Pledged Equipment Leases by TRLTII contemplated hereby is intended for all purposes to be a true sale of all of TRLTII's right, title and interest in and to such Units, the Existing Equipment Subleases, the Pledged Units and the Existing Pledged Equipment Leases to the Lessee, which shall be the legal owner thereof upon such sale.

• No security interest in the Pledged Units has been registered on the records of the Down REIT Sub (or its transfer agent).

• Pledgor agrees that nothing set forth herein shall alter, diminish or otherwise affect its obligations under the LLC Agreement or any other agreement between Pledgor and HCPI or the Down REIT Sub relating to the Pledged Units or Pledged Shares.

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 shall have the meaning as set forth in Section 6.16 hereof. Ashford Hospitality Limited Partnership/Marriott Crystal City Gateway Agreement of Purchase and Sale

Pledged Units has the meaning specified in the Recitals.

Pledged Units means, as of any date of determination, the Initial Units and, following any exercise of the Pledged Warrants, the Underlying Units included in the Collateral as of such date.

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

Pledged Units means Common Units that are the subject of a Permitted Pledge.