Shared Collateral Pledge Agreement definition

Shared Collateral Pledge Agreement means the Amended and Restated Shared Collateral Pledge Agreement, substantially in the form of Exhibit H, among BFI, Subsidiaries of BFI that are Subsidiary Loan Parties and the Collateral Trustee for the benefit of the Shared Collateral Secured Parties, as amended, supplemented or otherwise modified from time to time in accordance with the provisions of this Agreement.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Shared Collateral Pledge Agreement has the meaning specified in the Original Agreement.

Shared Collateral Pledge Agreement means that certain Shared Collateral Pledge Agreement dated as of April 24, 2008, between the Borrower and the Collateral Agent (for the benefit of the Secured Parties), as such agreement may be amended, amended and restated, supplemented or otherwise modified, renewed or replaced from time to time.”

Examples of Shared Collateral Pledge Agreement in a sentence

The Borrower is the sole legal, record and beneficial owner of, and has good and valid title to, all such capital stock, free and clear of all Liens other than the Liens created pursuant to the Shared Collateral Pledge Agreement and the Pledge Agreement.
Attached hereto as Schedule 10 is (a) a true and correct list of all advances made by any Subsidiary Grantor to any other Subsidiary Grantor (other than those identified in Schedule 8), which advances will be on and after the date hereof evidenced by one or more intercompany notes pledged to the Collateral Trustee under the Shared Collateral Pledge Agreement, and (b) a true and correct list of all unpaid intercompany transfers of goods sold and delivered by or to any Subsidiary Grantors.
Except to the extent otherwise provided under the Shared Collateral Pledge Agreement, if any Subsidiary Grantor shall at any time hold or acquire any Certificated Securities, such Subsidiary Grantor shall forthwith endorse, assign and deliver the same to the Collateral Trustee, accompanied by such instruments of transfer or assignment duly executed in blank as the Collateral Trustee may from time to time specify.
Nothing herein shall be deemed to entitle AWNA or the Subsidiary Pledgors to a consent to, or a waiver, amendment, modification or other change of, any of the terms, conditions, obligations, covenants or agreements contained in the Shared Collateral Pledge Agreement, the Credit Agreement or any other Loan Document in similar or different circumstances.
Each Subsidiary Grantor further agrees that it will not take any action or permit any action to be taken that would cause any membership interest in a limited liability company or partnership interest pledged hereunder to become a "security" as defined in Article 8 of the Uniform Commercial Code of any State or the District of Columbia, unless such membership interest or partnership interest has been certificated and pledged to the Collateral Trustee pursuant to the Shared Collateral Pledge Agreement.
This Amendment shall apply and be effective only with respect to the provisions of the Shared Collateral Pledge Agreement specifically referred to herein.
Attached hereto as Schedule 9 is a true and correct list of all promissory notes and other evidences of indebtedness held by each Subsidiary Grantor that are required to be pledged under the Shared Collateral Pledge Agreement, including all intercompany notes between Subsidiary Grantors.

More Definitions of Shared Collateral Pledge Agreement

Shared Collateral Pledge Agreement. Shared Collateral Security Agreement" and "Subsidiary Guarantee Agreement" in Section 1.01 of the Credit Agreement is hereby amended by inserting the following phrase at the end of each such definition: ", as amended, supplemented or otherwise modified from time to time in accordance with the provisions of this Agreement".

Shared Collateral Pledge Agreement means the Pledge Agreement dated as of October 1, 1993, among the Borrower, ▇▇▇▇▇▇▇▇ Communications of the Northwest, Inc., ▇▇▇▇▇▇▇▇ Communications of Georgia, Inc., ▇▇▇▇▇▇▇▇ Communications of Massachusetts, Inc., Adshelters, Incorporated, KVOS TV, Inc., ▇▇▇▇▇▇▇▇ Radio of Florida, Inc., and First Trust of California, National Association, as amended.

Shared Collateral Pledge Agreement means a pledge agreement, in form and substance satisfactory to the Administrative Agent and the Required Lenders in their sole and absolute discretion, to be entered into between the Borrower and the Collateral Agent, pursuant to which the Borrower will grant a first priority Lien on all of its right, title and interest in and to the Capital Stock of PMI Insurance and related collateral described therein in favor of the Collateral Agent (for the benefit of the Secured Parties), as such agreement may be amended, amended and restated, supplemented or otherwise modified, renewed or replaced from time to time. ‘Total Capitalization’ means, as of any date of determination, without duplication, the sum of (a) total shareholders’ equity plus (b) Total Debt, in each case as reflected on the consolidated balance sheet of the Borrower and its consolidated Subsidiaries as of the most recently completed fiscal quarter prepared in accordance with GAAP and as provided in Section 7.06.