Examples of Senior Pledge Agreement in a sentence
Moreover, until the indebtedness evidenced by the Senior Note and/or the Senior Pledge Agreement is paid in full, Secured Party shall not, without the prior written consent of Senior Secured Party, exercise any of the remedies provided herein.
Notwithstanding anything contained in this Pledge Agreement to the contrary, unless the written consent of Senior Secured Party is first obtained, Debtor hereby agrees that it shall not make, and Secured Party agrees that it will not accept, any payment or distribution with respect to any indebtedness evidenced by the Note or the Pledge Agreement, until the indebtedness evidenced by the Senior Note and Senior Pledge Agreement is paid in full.
The Hale Shares shall be "Pledged Subsidiary Shares" under the Senior Pledge Agreement, the Hale Intercompany Note shall be a "Pledged Subsidiary Note" under the Senior Pledge Agreement and the Hale Shares and the Hale Intercompany Note shall be "Pledged Property" under the Senior Pledge Agreement.
The Micropump Shares shall be "Pledged Subsidiary Shares" under the Senior Pledge Agreement, the Micropump Intercompany Note shall be a "Pledged Subsidiary Note" under the Senior Pledge Agreement, and the Micropump Shares and the Micropump Intercompany Note shall each be "Pledged Property" under the Senior Pledge Agreement.
The Pledged Equity includes 94.7% of the membership interests in the LLC, and there are no outstanding warrants, options or other rights to purchase, or other agreements outstanding with respect to, or property that is now or hereafter convertible into, or that requires the issuance or sale of, any Pledged Equity other than the Company Agreement and the Senior Pledge Agreement.