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 all of them;

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

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.
Upon the terms and subject to the conditions of this Agreement, including a release of the Purchased Shares Pledge by Seller and the receipt of the Credit Facility Borrowings by the Company, at the Closing, Seller shall sell, assign, transfer and convey, or cause to be sold, assigned, transferred and conveyed, to the Company, and the Company shall purchase, acquire and accept, the Purchased Shares.
The Shares Pledge hereunder is a continuous guarantee, which will remain in force until all Contractual Obligations are fully performed or all Secured Debts are fully repaid.
SAGA III is the holder of record and beneficially owns 3,651,555,020 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 B 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 reasonable expenses arising from the relief of the Shares Pledge shall be borne by the Pledgee.

More Definitions of Shares Pledge

Shares Pledge means a pledge of the Equity Interests of each Borrower, in the form set out in Appendix K;

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 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;

Shares Pledge means the first priority pledge of the shares of and in each Owner required to be executed at any time under clause

Shares Pledge means the deed dated the same date as this Agreement creating security over the share capital of the Borrower executed by the Guarantor in favour of the Security Trustee;