Subsidiary Pledge definition

Subsidiary Pledge means, in relation to a Bareboat Charterer, the pledge of all of the issued stock of such company entered or (as the context may require) to be entered into by the Manager in favour of the Security Agent in an agreed form and "Subsidiary Pledges" means all of such pledges;

Subsidiary Pledge. Agreement is defined in the Revolving Credit Agreement.

Subsidiary Pledge means a first priority pledge, under the relevant jurisdiction, over the shares in any Restricted Group Company.

Examples of Subsidiary Pledge in a sentence

• No later than the time that any Receivables Documents are entered into, and no later than the time any capital is contributed or funds are advanced by the Borrower to the Receivables Subsidiary, the Borrower and each Participating Subsidiary shall execute and deliver to Collateral Agent for the benefit of the Secured Parties, the Receivables Subsidiary Pledge Agreement, accompanied, to the extent such Pledged Securities are certificated, by certificates representing the Pledged Securities.

• Notwithstanding the foregoing, no Immaterial Subsidiary or Foreign Subsidiary of the Borrower shall be required to execute a Subsidiary Guarantee or Subsidiary Pledge Agreement, and no more than 65% of the capital stock of or equity interests in any Foreign Subsidiary of the Borrower or any of its Subsidiaries if more than 65% of the assets of such Subsidiary are securities of foreign companies (such determination to be made on the basis of fair market value), shall be required to be pledged hereunder.

• Notwithstanding the foregoing, no Immaterial Subsidiary or Foreign Subsidiary of the Borrower shall be required to execute a Subsidiary Guarantee or Subsidiary Pledge Agreement, and no more than 65% of the Capital Stock of or equity interests in any Foreign Subsidiary of the Borrower or any of its Subsidiaries if more than 65% of the assets of such Subsidiary are securities of foreign companies (such determination to be made on the basis of fair market value), shall be required to be pledged hereunder.

• Sun Gro Canada is a party to the Canadian Subsidiary Security Agreement and the Canadian Subsidiary Pledge Agreement pursuant to which Sun Gro Canada has created liens in favor of Agent on certain Collateral to secure certain of the Obligations.

• TRC is a party to the Subsidiary Guaranty and the Subsidiary Pledge Agreement pursuant to which TRC has (i) guarantied the Obligations and (ii) pledged certain Collateral to Administrative Agent to secure the Obligations and to secure the obligations of TRC under the Subsidiary Guaranty.

More Definitions of Subsidiary Pledge

Subsidiary Pledge means all of those certain Pledge Agreements by all Subsidiaries marked with an asterisk on Exhibit E attached hereto, including the Subleasing Subsidiaries, together with any additional Subsidiaries permitted in paragraph 38(a) of this Lease, in favor of Landlord, dated as of November 10, 2004, pursuant to which each such Subsidiary has pledged one hundred percent (100%) of its assets to Landlord, including each such Subsidiary's right, title and interest in and under the Membership Contracts.

Subsidiary Pledge the meaning specified in paragraph (c) of Subsection 4.1.5.

Subsidiary Pledge means the Pledge Agreement, dated as of the Closing Date, made by SEHI xx favor of Agent.

Subsidiary Pledge the meaning specified in Section 7.26.

Subsidiary Pledge the U.S. Subsidiary Pledge and, if applicable, any other pledge agreement entered into by any Person who comes a Subsidiary Guarantor hereunder after the date hereof.

Subsidiary Pledge the meaning specified in Subsection 4.1.5(b) (Pledge Agreements).

Subsidiary Pledge means all of those certain Pledge Agreements by all Subsidiaries marked with an asterisk on Exhibit E hereto, including the Subleasing Subsidiaries, together with any additional Subsidiaries permitted in paragraph 38(a) of this Lease, in favor of Landlord, dated of even date herewith, pursuant to which each such Subsidiary has pledged one hundred percent (100%) of its assets to Landlord, including each such Subsidiary's right, title and interest in and under the Membership Contracts but excluding any such Subsidiary's right, title and interest in and to the land, equipment and improvements relating solely to any membership campground owned by such Subsidiary but which is not the subject of this Lease.