Subsidiary Pledgors definition

Subsidiary Pledgors shall have the meaning assigned to such term in the preamble hereto.

Subsidiary Pledgors shall have the meaning assigned to such term in the preamble to this Agreement.

Subsidiary Pledgors has the meaning specified for such term in the introductory paragraph hereto.

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.

• This Agreement and the rights and obligations of FMI, the Subsidiary Pledgors and the Agents hereunder shall be construed in accordance with and be governed by the law of the State of New York.

• Holdings and the Subsidiary Pledgors have agreed to guarantee, among other things, all the obligations of the Borrower under the Credit Agreement.

More Definitions of Subsidiary Pledgors

Subsidiary Pledgors means, collectively, the Borrower, each Subsidiary Guarantor and each other direct or indirect Subsidiary (other than any Excluded Subsidiary) that owns any Equity Interest in any Material Subsidiary (other than Material Subsidiaries that are Separately Financed Subsidiaries).

Subsidiary Pledgors shall have the meaning provided in the recitals to this Agreement.

Subsidiary Pledgors means the Subsidiaries named as pledgors in the Subsidiary Pledge Agreement.

Subsidiary Pledgors shall have the meaning provided in the third WHEREAS clause of this Agreement.

Subsidiary Pledgors. AGENTS PROCESSING SYSTEMS, INC By: /s/ Xxxxxx Xxxxx ---------------------------- Name: Title: RISK RETENTION ADMINISTRATORS, INC. By: /s/ Xxxxxx Xxxxx ---------------------------- Name: Title: GENERAL AGENTS PREMIUM FINANCE COMPANY By: /s/ Xxxxxx Xxxxx ---------------------------- Name: Title: MGA PREMIUM FINANCE COMPANY By: /s/ Xxxxxx Xxxxx ---------------------------- Name: Title: NATIONAL SPECIALTY LINES, INC. By: /s/ Xxxxxx Xxxxx ---------------------------- Name: Title: DLT INSURANCE ADJUSTERS, INC. By: /s/ Xxxxxx Xxxxx ---------------------------- Name: Title: LALANDE FINANCIAL GROUP, INC. By: /s/ Xxxxxx Xxxxx ---------------------------- Name: Title: MGA AGENCY, INC. By: /s/ Xxxxxxx Xxx ---------------------------- Name: Title:

Subsidiary Pledgors means Agents Processing Systems, Inc., Risk Retention Administrators, Inc., General Agents Premium Finance Company, MGA Premium Finance Company, National Specialty Lines, Inc., DLT Insurance Adjusters, Inc., Lalande Financial Group, Inc. and MGA Agency, Inc., together with any and all other or additional direct or indirect subsidiaries of the Borrowers that may, from time to time, (i) execute and deliver Security Agreements and/or other collateral documents pursuant to which such subsidiaries grant hens, security interests or other encumbrances, in favor of the Lender, covering certain of their respective properties, as security for the obligations, indebtedness and liabilities of the Borrowers under or in connection with the Credit Agreement and/or the other Loan Documents, and/or (ii) guarantee certain of the obligations, indebtedness and liabilities of the Borrowers under or in connection with the Credit Agreement and/or the other Loan Documents.

Subsidiary Pledgors means the Domestic Subsidiaries party to the Domestic Subsidiary Security Agreement.