Second Priority Pledge Agreement definition

Second Priority Pledge Agreement means the Collateral Pledge and Security Agreement dated as of the date hereof made by the Company in favor of The Bank of New York, as collateral agent for the holders of the Series A Preferred Stock and the Series B Preferred Stock in the form attached hereto as Exhibit B hereto.
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Second Priority Pledge Agreement means that certain Second Priority Pledge Agreement dated as of the date hereof among the Second Priority Collateral Agent, Holdco, the Company and certain of its Subsidiaries, as from time to time amended, restated, amended and restated, supplemented or otherwise modified.
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Second Priority Pledge Agreement means the Series B Pledge Agreement dated as of the date hereof, among the Company, the other Credit Parties and the Second Priority Agent, as amended, modified, extended, restated, replace or supplemented from time to time in accordance with its terms.
Sample 1

Examples of Second Priority Pledge Agreement in a sentence

  • In the event of any inconsistencies between the provisions of this Agreement and the provisions of the Second Priority Pledge Agreement relating to Pledged Collateral, the provisions of the Second Priority Pledge Agreement relating to the Pledged Collateral shall govern.

  • The Company shall not agree to -------------------------------- any material amendment, supplement or other modification to the terms of the Second Priority Pledge Agreement (it being agreed that any amendment, supplement or other modification to Section 2(b), Section 2(c) or Section 16 of the Second Priority Pledge Agreement shall be a material amendment, supplement or modification) without the prior written consent of the Collateral Agent.

  • Japanese law governed Agreement on release of pledge agreement executed on October 7, 2022; and · Japanese law governed Second- Priority Pledge Agreement for the Notes.

  • Xxxxx Title: Authorized Officer Schedule I to the Second Priority Pledge Agreement SUBSIDIARY PLEDGORS Name Address ---- ------- Pliant Solutions Corporation 0000 Xxxxxxxxx Xxxx, Xxxxx 000 Xxxxxxxxxx, XX 00000 Pliant Packaging of Canada, LLC 0000 Xxxxxxxxx Xxxx, Xxxxx 000 Xxxxxxxxxx, XX 00000 Pliant Corporation International 0000 Xxxxxxxxx Xxxx, Xxxxx 000 Xxxxxxxxxx, XX 00000 Pliant Film Products of Mexico, Inc.

  • Capitalized terms used but not defined herein have the meanings given them in the Second Priority Pledge Agreement.

  • If any amount payable under or in connection with any of the Collateral shall be or become evidenced by any promissory note or other instrument, such note or instrument shall be immediately pledged and delivered to the Credit Agent (or, if the First-Lien Termination Date has already occurred, the Collateral Agent) pursuant to the terms of the Pledge Agreement (as defined in the Credit Agreement) (or, if the First-Lien Termination Date has occurred, the Second Priority Pledge Agreement).

  • The undersigned, being a Pledgor pursuant to that certain Second Priority Pledge Agreement dated as of March [___], 2008 (the “Pledge Agreement”) in favor of Deutsche Bank Trust Company Americas, a New York banking corporation, as Collateral Agent (the “Second Priority Collateral Agent”), by executing this Addendum, hereby acknowledges that such Pledgor legally and beneficially owns Capital Stock as set forth below of ______, a ______ [corporation] (“Corporation”).


More Definitions of Second Priority Pledge Agreement

Second Priority Pledge Agreement means, collectively, that certain Pledge Agreement, dated as of June 20, 2012, between Eagle Bulk Shipping Inc. and Wilmington Trust (London) Limited, as successor security trustee and that certain Pledge Agreement, dated as of June 6, 2014, among Eagle Bulk Shipping Inc., Eagle Shipping International (USA) LLC, the Issuers listed on the signature pages thereof, and Wilmington Trust (London) Limited, as successor security trustee.
Sample 1
Second Priority Pledge Agreement means the Second Priority Pledge Agreement dated as of May 30, 2003, among the Company, the Pledgors (as defined therein) and the Collateral Agent, as such agreement may be amended, modified, supplemented or restated from time to time.
Sample 1
Second Priority Pledge Agreement shall have the meaning provided in Section 5.02(c).
Sample 1

Related to Second Priority Pledge Agreement

  • Company Pledge Agreement means the Company Pledge Agreement executed and delivered by Company on the Closing Date, substantially in the form of Exhibit ------- XIII annexed hereto, as such Company Pledge Agreement may thereafter be amended, ---- supplemented or otherwise modified from time to time.

  • Equity Pledge Agreement means the Equity Pledge Agreement dated as of the Issue Date, between the Equity Pledge Guarantors and the Collateral Agent, as amended, restated, modified, supplemented, extended or replaced from time to time.

  • U.S. Pledge Agreement means the pledge agreement substantially in the form of Exhibit 1.01C (it being understood that the pledgors party thereto and schedules thereto shall be reasonably satisfactory to the Administrative Agent), given by the Domestic Credit Parties, as pledgors, to the Collateral Agent to secure the Obligations, and any other pledge agreements that may be given by any Person pursuant to the terms hereof, in each case as the same may be amended and modified from time to time.

  • Borrower Pledge Agreement means the Pledge Agreement of even date herewith executed by Borrower in favor of Agent, on behalf of itself and Lenders, pledging all Stock of its Subsidiaries, if any, and all Intercompany Notes owing to or held by it.

  • Holdings Pledge Agreement means the Pledge Agreement of even date herewith executed by Holdings in favor of Agent, on behalf of itself and Lenders, pledging all Stock of Borrower.

  • Parent Pledge Agreement means the parent pledge agreement dated as of the Effective Date executed in favor of the Administrative Agent, for the benefit of the Secured Parties, by the Borrower, as amended or modified from time to time in accordance with the terms hereof.

  • Second Priority Documents means each Second Priority Agreement, each Second Priority Security Document and each Second Priority Guarantee.

  • Negative Pledge Agreement means the Negative Pledge Agreement(s) dated on or about April 6, 2010, executed by any Borrower in favor of Bank and any similar negative pledge financing statements covering Property of any Borrower, as the Negative Pledge Agreement may be amended, supplemented or otherwise modified from time to time.

  • Pledge Agreements means the Borrower Pledge Agreement, the Holdings Pledge Agreement, and any other pledge agreement entered into after the Closing Date by any Credit Party (as required by the Agreement or any other Loan Document).

  • Second Priority Debt Documents means the Initial Second Priority Debt Documents and, with respect to any series, issue or class of Second Priority Debt, the promissory notes, indentures, Collateral Documents or other operative agreements evidencing or governing such Indebtedness, including the Second Priority Collateral Documents.

  • Stock Pledge Agreement means a stock pledge agreement, in form and substance satisfactory to Agent, executed and delivered by each Borrower that owns Stock of a Subsidiary of Parent.

  • Canadian Pledge Agreement means a pledge agreement in a form to be agreed upon, and to be executed in favor of the Canadian Administrative Agent, for the benefit of the holders of the Canadian Borrower Obligations, by the Canadian Borrower and each Canadian Guarantor, as amended or modified from time to time in accordance with the terms hereof.

  • Stock Pledge Agreements means each Stock Pledge Agreement of the Borrower and any of its Subsidiaries in substantially the form of Exhibit 4.1B, as amended, restated or supplemented from time to time.

  • Credit Support Pledge Agreement The Credit Support Pledge Agreement, dated as of November 24, 1998, among the Master Servicer, GMAC Mortgage Corporation, Combined Collateral LLC and The First National Bank of Chicago (now known as Bank One, National Association), as custodian.

  • Foreign Pledge Agreement means a pledge or charge agreement granting a Lien on Equity Interests in a Foreign Subsidiary to secure the Obligations, governed by the law of the jurisdiction of organization of such Foreign Subsidiary and in form and substance reasonably satisfactory to the Administrative Agent.

  • First Priority Security Documents means each agreement or document granting or purporting to xxxxx x Xxxx on any Common Collateral to secure First Priority Obligations.

  • Subsidiary Pledge Agreement means that certain Subsidiary Pledge Agreement, dated as of the Agreement Date in favor of the Administrative Agent, for itself and on behalf of the Lenders and the Issuing Bank, substantially in the form of Exhibit N attached hereto, and shall include any similar agreements executed pursuant to Section 5.10 hereof.

  • Share Pledge Agreement has the meaning given such term in the definition of Collateral and Guaranty Requirements.

  • Second Priority Debt Parties means the Initial Second Priority Debt Parties and, with respect to any series, issue or class of Second Priority Debt, the holders of such Indebtedness, the Representative with respect thereto, any trustee or agent therefor under any related Second Priority Debt Documents and the beneficiaries of each indemnification obligation undertaken by the Borrower or any other Grantor under any related Second Priority Debt Documents.

  • Second Priority Debt means any Indebtedness of the Borrower or any other Grantor guaranteed by the Guarantors (and not guaranteed by any Subsidiary that is not a Guarantor), including the Initial Second Priority Debt, which Indebtedness and guarantees are secured by the Second Priority Collateral on a pari passu basis (but without regard to control of remedies, other than as provided by the terms of the applicable Second Priority Debt Documents) with any other Second Priority Debt Obligations and the applicable Second Priority Debt Documents which provide that such Indebtedness and guarantees are to be secured by such Second Priority Collateral on a subordinate basis to the Senior Debt Obligations (and which is not secured by Liens on any assets of the Borrower or any other Grantor other than the Second Priority Collateral or which are not included in the Senior Collateral); provided, however, that (i) such Indebtedness is permitted to be incurred, secured and guaranteed on such basis by each Senior Debt Document and Second Priority Debt Document and (ii) except in the case of the Initial Second Priority Debt hereunder, the Representative for the holders of such Indebtedness shall have become party to this Agreement pursuant to, and by satisfying the conditions set forth in, Section 8.09 hereof. Second Priority Debt shall include any Registered Equivalent Notes and Guarantees thereof by the Guarantors issued in exchange therefor.

  • First Priority Documents means the First Priority Agreement, each First Priority Security Document and each First Priority Guarantee.

  • Proceeds Account Pledge Agreement means the pledge agreement entered into between the Issuer and the Agent on or prior to the First Issue Date in respect of a first priority pledge over the Proceeds Account and all funds held on the Proceeds Account from time to time, granted in favour of the Agent and the Bondholders (represented by the Agent).

  • Foreign Pledge Agreements means each pledge agreement, charge or collateral security instrument creating a security interest in the Capital Stock of the Foreign Subsidiary Borrowers and certain other first-tier Foreign Subsidiaries of the Company, in each case, in form and substance reasonably satisfactory to the Administrative Agent, as such agreements may be amended, supplemented or otherwise modified from time to time.

  • Security and Pledge Agreement shall have the meaning set forth in Section 4.01(c).

  • Second Priority Liens means all Liens on the Second Lien Collateral to secure the Second Lien Obligations, whether created under the Second Lien Security Documents or acquired by possession, statute, operation of law, subrogation or otherwise.

  • ABL Security Agreement means the Security Agreement (as defined in the ABL Credit Agreement).