Subsidiary Pledgors definition
Examples of Subsidiary Pledgors in a sentence
Notwithstanding the foregoing, the Issuer and the Subsidiary Pledgors may self-insure with respect to such risks with respect to which companies of established reputation in the same general line of business in the same general area usually self-insure.
If the proceeds of any sale or other disposition of the Pledged Collateral are insufficient to pay all the Secured Obligations, Pledgors shall be liable for the deficiency and the fees of any attorneys employed by Collateral Agent to collect such deficiency, subject in the case of the Subsidiary Pledgors to any limitations contained in the Guarantees.
Section 9.9 of the Credit Agreement and Section 8.12 of the Pledge Agreement provide that additional Subsidiaries may become Subsidiary Pledgors under the Pledge Agreement by execution and delivery of an instrument in the form of this Supplement or as otherwise provided in the Credit Agreement.
D▇▇▇▇ -------------------------------------- Name: Debo▇▇▇ ▇▇▇▇▇ Title: Vice President 16 Schedule I to the Pledge Agreement Subsidiary Pledgors -------------------------------------------------------------------------------- Guarantor Address --------- ------- -------------------------------------------------------------------------------- Knowles Intermediate Holding, Inc.
Section 24 of the Pledge Agreement provides that such Subsidiaries may become Subsidiary Pledgors under the Pledge Agreement by execution and delivery of an instrument in the form of this Supplement.