Examples of Securities Pledge Agreements in a sentence
The Shares were pledged to the Company as security for the repayment of the Loan pursuant to one or more Securities Pledge Agreements by and between the Seller and the Company (collectively, the "Pledge").
As of the date of this Agreement, the Borrower has no Subsidiaries (including Excluded Subsidiaries) other than those specifically disclosed in Part (a) of Schedule 5.13, and all of the outstanding Equity Interests in such Subsidiaries have been validly issued, are fully paid and nonassessable and are owned by a Loan Party in the amounts specified on Part (a) of Schedule 5.13 free and clear of all Liens except for those created under the Securities Pledge Agreements.
The provisions of the Securities Pledge Agreements are effective to create in favor of the Administrative Agent for the benefit of itself and the Lenders a legal, valid and enforceable first priority Lien (subject to Liens permitted by Section 7.01) on all right, title and interest of the respective Loan Parties in the Collateral described therein.
It is the intention of the parties to this Agreement to preserve and continue the perfection and priority of all security interests and Liens securing the “Obligations” outstanding under and as defined in the Existing Credit Agreement, and that all Obligations outstanding under and as defined in this Agreement shall be secured by the security interests and Liens evidenced under the Securities Pledge Agreements.
The several Securities Pledge Agreements, dated or to be dated on or prior to the Closing Date, between certain of the Borrowers and the Administrative Agent and in form and substance satisfactory to the Lenders and the Administrative Agent.