Required Pledge Amount definition

Required Pledge Amount means sixty-five percent (65%); provided that if the pledging of all of the equity interests in the applicable Foreign Subsidiary shall not cause any adverse tax consequences to any Borrower (which adverse consequences shall have been demonstrated to the reasonable satisfaction of the Bank), then the Required Pledge Amount shall mean one hundred percent (100%) of the equity interests.
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Required Pledge Amount means a sum equal to the Executive's monthly gross salary on the Effective Date hereof for a period of twelve months, less any lawful withholding.
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Required Pledge Amount means sixty-five percent (65%).
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Examples of Required Pledge Amount in a sentence

  • Pledgor covenants, acknowledges and agrees that Pledgor (i) shall deposit and maintain the Required Pledge Amount in the Account at all times until this Agreement and the Loan Agreement terminate and the Liabilities are paid in full, upon the terms and conditions herein set forth; and (ii) shall not, and shall not have the right to, withdraw any of the Collateral from the Account until the Liabilities are paid in full and this Agreement is terminated.

  • Pledgor covenants and agrees to deposit or otherwise maintain in the Account at all times the Required Pledge Amount.

  • The term “Required Pledge Amount” in this Agreement means an amount equal to $7,150,000; provided that, if no Unmatured Event of Default or Event of Default then exists or is caused thereby on a pro forma basis, the Required Pledge Amount shall reduce to $6,900,000 on January 1, 2022 and $6,000,000 on January 1, 2023.


More Definitions of Required Pledge Amount

Required Pledge Amount means either $1,600,000 or $550,000 as determined by the provisions of Section 8.2 of the Employment Agreement.
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Required Pledge Amount in this Agreement means an amount equal to $7,150,000; provided that, if no Unmatured Event of Default or Event of Default then exists or is caused thereby on a pro forma basis, the Required Pledge Amount shall reduce to $6,900,000 on January 1, 2022 and $6,000,000 on January 1, 2023. Pledgor covenants and agrees to deposit or otherwise maintain in the Account at all times the Required Pledge Amount.
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Required Pledge Amount means an amount not to exceed sixty‑five percent (65%).
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