Stock Pledge definition

Stock Pledge the Pledge of Stock executed by Servico Operations Corporation pursuant to which Servico Operations Corporation pledges the Stock of the Borrower and each Related Party to secure the obligations of Borrower with respect to the Loan, the Other Borrower Loans and the Related Party Loans.

Stock Pledge means a security interest in the equity interests of Subsidiaries of FelCor and/or FelCor LP.

Stock Pledge means that certain Pledge and Security Agreement dated October 29, 1999, by Compressco in favor of Bank, affecting all outstanding shares of stock of Field Services and certain other collateral more fully described therein, as the same may be amended or modified from time to time.

Examples of Stock Pledge in a sentence

• The Holder has been granted a security interest (i) in certain assets of the Borrower and its Subsidiaries as more fully described in the Master Security Agreement dated as of the date hereof and (ii) pursuant to the Stock Pledge Agreement dated as of the date hereof.

• The Holder has been granted a security interest (i) in certain assets of the Companies as more fully described in the Security Agreement and (ii) pursuant to the Stock Pledge Agreement dated as of the date hereof.

• No delay by the Corporation in acting with respect to the terms of this Note or the Stock Pledge Agreement shall constitute a waiver of any breach, default, or failure of a condition under this Note, the Stock Pledge Agreement or the obligations secured thereby.

• All information supplied and statements made in any financial or credit statements or application for credit prior to the execution of this Stock Pledge are true and correct as of the date hereof in all material respects.

• The shares of stock of the Seller which have been pledged pursuant to the Stock Pledge Agreement constitute all of the issued and outstanding shares of the Seller.

More Definitions of Stock Pledge

Stock Pledge means the Security Agreement-Stock Pledge, of even date herewith, between Borrower and Agent.

Stock Pledge means a first priority security interest in the equity interests of Subsidiaries of the Company or Subsidiaries of the Parent.

Stock Pledge shall have the meaning given to it in Section 8.10(b).

Stock Pledge means the pledge of the equity interests in FinanceCo and Holdco pursuant to the Pledge Agreement to secure the Credit Agreement Debt and the Senior Notes.

Stock Pledge shall have the meaning given such term in the Agreement to Lease.

Stock Pledge means a Pledge, Assignment and Security Agreement executed by a Borrower or a Subsidiary of Borrower in favor of the Lender.

Stock Pledge means each of those certain Stock Pledge and Security Agreements (together with the attachments thereto and consents, certificates, powers and other materials referred to therein) dated the date hereof and relating to the pledges of stock to the Administrative Agent (on behalf of the Lenders) from Sunstone Hotel TRS as pledgor regarding its pledges of its 100% equity interests in each of the Operators.