Examples of Third Party Pledgor in a sentence
If a court order is entered against any Loan Party enjoining the conduct of all or part of such Person’s business and Borrower or such Third Party Pledgor fails to cause such injunction to be fully stayed, dissolved or removed within sixty (60) days after such order is entered.
There are no actions, suits, proceedings or investigations pending or to the best of Borrower’s knowledge, threatened against or affecting Borrower or any Third Party Pledgor in any court or before any other Governmental Authority which would be reasonably expected to have a material adverse effect on the ability of Borrower to perform its obligations under the Loan Documents, on the Collateral or on the business of the Loan Parties (taken as a whole).
Without limiting the generality of the immediately preceding sentence, such Attorneys’ Fee cost shall include all attorneys’ fees and costs incurred by Lender in connection with any federal or state bankruptcy, insolvency, reorganization, or other similar proceeding by or against Borrower or any Third Party Pledgor which in any way affects Lender’s exercise of its rights and remedies under the Loan Documents.
The Loan Documents are legal, valid and binding obligations of Borrower and each Third Party Pledgor, respectively, enforceable in accordance with their terms (except as enforcement may be limited by equitable principles and by bankruptcy, insolvency, reorganization, moratorium or similar laws relating to creditors’ rights generally).
Any pledge of or grant of a security interest to the Lender in any property or asset of any kind, now or hereafter executed by any Third Party Pledgor to secure any or all of the Obligations, and all extensions, renewals, modifications and replacements of any or all of such documents (collectively, the “Third Party Pledge Agreements”).
The Bank shall not be obliged, before exercising any of the rights, powers or remedies conferred upon it in respect of any Third Party Pledgor / Guarantor, by this Agreement or by law.
The Borrower and the Third Party Pledgor shall not create, assume, incur or suffer to exist any assignment, mortgage, pledge, security interest, lien, charge or other encumbrance whatsoever upon its interest in the Collateral or any of the Borrower’s other property, whether now owned or hereafter acquired, securing any indebtedness or obligation, except for the lien in favor of the Lender.
The Borrower and the Third Party Pledgor shall not sell, dispose of, lease, mortgage, assign, sublet or transfer any of its right, title or interest in or to any of its assets or the Collateral without the prior written consent of the Lender.
The Agent shall determine after consultation with the Facility A Banks what the highest aggregate credit limit (the "Credit Limit") would be so that each Facility A Bank's pro rata share thereof would not exceed such Facility A Bank's designated credit limit for such Third Party Pledgor.
The Borrower and the Third Party Pledgor shall pay and discharge all taxes, assessments and governmental charges or levies imposed upon them or upon its income or profits, or upon any of its assets or properties, prior to the date on which penalties attach thereto, and all lawful claims which, if unpaid, might become a lien or charge upon the Collateral or any other property of the Borrower or the Third Party Pledgor.