Shares Pledge definition

Shares Pledge means the first priority pledge of the shares of and in each Borrower to be executed by the Shareholder in favour of the Security Trustee in such form as the Agent and the Majority Lenders may require in their sole discretion and in the plural means both of them;

Shares Pledge means a pledge of the Equity Interests of each of the Borrowers, in Agreed Form;

Shares Pledge means, in respect of the Required Shares, a pledge and security agreement in respect of such shares executed by the Borrower in favour of the Security Trustee pursuant to Clause 15.10 in such form as the Lenders may approve or require; and

Examples of Shares Pledge in a sentence

• The Lenders agree that upon the drawdown of the final Advance in respect of a Tranche, and receipt of a Negative Pledge in respect of the Owner of the Vessel financed by that Tranche, the Security Trustee shall (provided no Event of Default has occurred) release the Shares Pledge in respect of that Owner.

• The UC also had several discussions on the issue of key science projects.

• SAGA II is the holder of record and beneficially owns 7,000,000,000 IC Shares, which as of the date hereof are free and clear from any and all liens and encumbrances, other than the Shareholders Agreement and the IC Shares Pledge Agreements listed in Part A of Schedule 2.3 hereto, and on the Price Payment Date (and prior to the Price Payment) will be free and clear from any and all liens and encumbrances, other than the Shareholders Agreement.

• The Borrower shall within ten (10) Banking Days of the Drawdown Date procure that all the NNA Electronic Shares are issued in paper share certificate form and that the same are pledged to the Lender under the NNA Shares Pledge or and separate shares pledge in the same form, and the Borrower shall enter into and sign and deliver all such documentation as the Lender may reasonably require to obtain an Encumbrance over those shares.

• The reasonable expenses arising from the relief of the Shares Pledge shall be borne by the Pledgee.

More Definitions of Shares Pledge

Shares Pledge means the first priority pledge of the shares of and in each Borrower to be executed by the Shareholder in favour of the Security Trustee in such form as the Agent and the Majority Lenders may require in their sole discretion and in the plural means all of them;

Shares Pledge means a pledge of the Equity Interests of the Borrower and each Owner Guarantor, as the case may be, in Agreed Form.

Shares Pledge means, in relation to each Guarantor, a deed creating security in respect of the issued share capital of that Guarantor executed or to be executed by the Shareholder in favour of the Security Trustee in the Agreed Form and “Shares Pledges” means all of them;

Shares Pledge means, in relation to a Borrower, a deed creating security over the share capital of that Borrower in the Agreed Form and, in the plural, means both of them;

Shares Pledge means the first priority pledge of the shares of and in each Borrower to be executed by Aegean Sea in favour of the Security Trustee in such form as the Lenders may require in their sole discretion and in the plural means all of them;

Shares Pledge means the pledge of shares granted or to be granted by the Pledgor in favour of the Finance Parties over the forty eight percent (48%) shareholding in the Borrower owned by the Pledgor, referred to in Clause 10.1.6, together with a side letter in relation to, inter alia, pre-emption rights contained in the Shareholders Agreement, to be signed between the Borrower and the parties to the Shareholders Agreement.

Shares Pledge means the first priority pledge of (i) the shares of Navios Maritime Acquisition Corporation and (ii) the units of Navios Maritime Partners L.P. as set forth under Schedule 8, to be executed by Alpha Merit and Borrower in favour of the Lender in such form as the Lender may require in its reasonable discretion and in the plural means all of them;