Shared Pledge Agreement definition

Shared Pledge Agreement means the Second Amended and Restated Shared Pledge Agreement dated as of the date hereof among Crown Holdings, CCSC, Crown Usco, Crown International and the domestic subsidiaries party thereto and DB, as collateral agent, as amended, amended and restated, supplemented, or otherwise modified from time to time.

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Shared Pledge Agreement means the Shared Pledge Agreement in the form of ------------------------ Exhibit J hereto dated as of February 26, 2003 among Parent, Crown Cork & Seal Americas, Inc., Crown International Holdings Inc., each other U.S. Subsidiary of Parent listed on Schedule I thereto and Citicorp North America, Inc., as Collateral Agent, as amended from time to time.

Shared Pledge Agreement means the Shared Pledge Agreement entered into by the Borrower, the other pledgors party thereto and the Collateral Trustee for the benefit of the Lenders, substantially in the form of Exhibit F-1, as the same may be amended, supplemented or otherwise modified from time to time.

Examples of Shared Pledge Agreement in a sentence

The ratio of (a) the current market value of the common stock of BLHC pledged to the Administrative Agent, for the benefit of the Banks, under the Borrower Non-Shared Pledge Agreement plus the current market value of the Collateral Percentage of the Banks of the common stock of BLHC pledged under the Borrower Shared Pledge Agreement to (b) the aggregate principal amount of the Tranche B Loans then outstanding is less than 1.5 to 1.0.
Notwithstanding anything to the contrary contained in this clause (a), to the extent any such Disposition relates to the Collateral pledged under the Borrower Shared Pledge Agreement or the Borrower Non-Shared Pledge Agreement, the Net Proceeds received by the Borrower from such Disposition shall be applied in the order set forth in Sections 6.2(a), (b) and (c).
O▇▇ ▇▇▇▇▇ ▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ Crown Holdings (PA), LLC O▇▇ ▇▇▇▇▇ ▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ Schedule II to the Shared Pledge Agreement Pledged Stock Issuer Number of Certificate Registered Owner Number and Class of Percentage of Shares/Type of Shares/Interest Interest Pledged ------ --------------------- ---------------- -------------------- ------------- Crown Cork & Seal 1 Crown Holdings, Inc.
New Pledgor and Collateral Agent have duly executed this Supplement to the Shared Pledge Agreement as of the day and year first above written.
Pledged Debt Securities Issuer Payee Principal Amount Date of Note Maturity Date ------ ----- ---------------- ------------ ------------- Each Pledgor Each Pledgor Variable February 26, 2003 N/A Annex I to the Shared Pledge Agreement SUPPLEMENT NO.
The shares of capital stock pledged by the Borrower pursuant to the Borrower Shared Pledge Agreement and the Borrower Non-Shared Pledge Agreement represent and will continue to represent all of the issued and outstanding capital stock of BLHC owned by the Borrower.
In addition, each of Chestnut, Crosstown, Figi's and Arizona, by its signature below hereby joins in and agrees to be bound by each and all of the provisions of the Shared Pledge Agreement, dated as of August 16, 2001, by certain Borrowers and Guarantors in favor of Agent and Lenders (the "Pledge Agreement"), and, in so doing, hereby becomes a Shared Subsidiary Pledgor under the Pledge Agreement.

More Definitions of Shared Pledge Agreement

Shared Pledge Agreement shall have the meaning assigned to such term in the Recitals of the Agreement.