Examples of Stock Pledges in a sentence
As mentioned, following the filing of the Initial Plan, the Minority Lenders asserted for the first time their contention that the Stock Pledges entitled the Lender Group to potentially the entirety of the FHS Recovery as well as all payments to the Litigation Trust in respect of the EON (as described below) as the "proceeds" of the Stock Pledge in respect of SNTLHC.
Agent shall have received duly executed copies of this Agreement and the other Loan Documents, including without limitation, the Notes and the Stock Pledges, together with such additional documents, instruments and certificates as Agent shall require in connection therewith from time to time.
On or prior to the date of this Agreement, Borrower shall have provided for the termination of all UCC filings against the Borrower or any Subsidiary and the delivery to Administrative Agent's possession of all stock certificates encumbered by the Stock Pledges, together with duly completed stock powers, and any other documentation required by the Stock Pledges.
The Loans shall be secured by inter alia (1) the Mortgage creating a first priority lien on each Individual Property, (2) the Assignment of Leases and Rents creating a first priority lien on such Leases and Rents with respect to each Individual Property, (3) the Stock Pledges and Membership Pledges, (4) the assignment by the Borrowers to the Administrative Agent of the Interest Rate Cap Agreement pursuant to the Collateral Assignment of Interest Rate Cap Agreement, and (5) the other Loan Documents.
Additional Guaranties, Stock Pledges and Further Assurances............................................52 Section 6.14.