Subsidiary Pledge Agreements definition
Examples of Subsidiary Pledge Agreements in a sentence
Each Subsidiary Guarantor is a party to a Subsidiary Guaranty and certain Subsidiary Security Agreements, Subsidiary Pledge Agreements, Subsidiary Trademark Security Agreements and Mortgages pursuant to which such Subsidiary Guarantors have (i) guarantied the Obligations and (ii) created Liens in favor of Administrative Agent on certain Collateral to secure the obligations of such Subsidiary Guarantors under the Subsidiary Guaranty.
All certificates representing License Holding Subsidiary Shares listed on Schedule ___ hereto or otherwise delivered to the Collateral Agent by the Company pursuant hereto shall be accompanied by undated, duly executed stock powers in blank, and accompanied by any required transfer tax stamps, all in form and substance reasonably satisfactory to the Collateral Agent but subject to the terms and conditions of the License Holding License Holding Subsidiary Pledge Agreements.
Delivery to Collateral Agent of certificates (which certificates shall be accompanied by irrevocable undated stock powers, duly endorsed in blank and otherwise satisfactory in form and substance to Collateral Agent) representing all capital stock pledged pursuant to the Company Pledge Agreement and the Subsidiary Pledge Agreements.
Borrower will agree to such modifications to the form of the Continuing Guarantees, Security Agreement, Preferred Ship Mortgages, Subsidiary Pledge Agreements and the other Transaction Documents that are reasonably necessary to comply with applicable law or that Agent may otherwise reasonably require.
Such security interests are perfected so long as the Administrative Agent, as defined in the Intercreditor Agreement (as amended, restated or supplemented to the Closing Time), maintains physical possession of the pledged collateral pursuant to the terms of the Company Pledge Agreement, the Subsidiary Pledge Agreements and the Intercreditor Agreement (as amended, restated or supplemented to the Closing Time).