Confirmation of Pledge Sample Clauses

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Confirmation of Pledge. Each Debtor hereby (a) consents and agrees to the execution and delivery of the Credit Agreement and the related Loan Papers (as defined in the Credit Agreement), (b) ratifies and confirms that the Pledge Agreement executed by such Debtor, as amended hereby, is not released, diminished, impaired, reduced, or otherwise adversely affected by the Credit Agreement and continues to secure the full payment and performance of the Secured Obligation, (c) acknowledges the continuing existence and priority of the Liens granted, conveyed, and assigned to Administrative Agent, for the benefit of Lenders, under the Pledge Agreement, and (d) agrees that the Secured Obligation includes, without limitation, the Obligation (as defined in the Credit Agreement).
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Confirmation of Pledge. Agreement dated as of January 28, 2005, executed by Vail Resorts, Inc., in favor of Bank of America, N.A., as Administrative Agent for the Lenders. Amended and Restated Pledge Agreement dated as of June 10, 2003, between Vail Resorts, Inc., and Bank of America, N.A., as Administrative Agent for the ratable benefit of the Lenders.
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Confirmation of Pledge. Each of the Securing Parties hereby confirms its prior pledge and grant to the Administrative Agent, for the benefit of the Lenders party to the Restated Credit Agreement, of a security interest in all of its right, title and interest in and to the Collateral.
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Confirmation of Pledge. Agreement dated as of January 28, 2005, executed by Beaver Creek Associates, Inc., in favor of Bank of America, N.A., as Administrative Agent for the Lenders. Amended and Restated Pledge Agreement dated as of June 10, 2003, between Beaver Creek Associates, Inc., and Bank of America, N.A., as Administrative Agent for the ratable benefit of the Lenders.
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Confirmation of Pledge. The Ownership Interests of certain of the Debtors (such Debtors, for purposes of this Section 15, being referred to collectively as the “Pledged Entities” and each individually as a “Pledged Entity”), whether certificated or otherwise, constitute Subsidiary Interests under this Agreement. By executing this Agreement, each Pledged Entity (in addition to any other covenants, representations and warranties it has made as a Debtor hereunder), acknowledges and agrees that: (a) during such times as are provided in this Agreement, the Administrative Agent may exercise the voting rights related to the Pledged Entity; (b) such Pledged Entity shall not challenge, dispute or take any action to prevent the Administrative Agent’s exercise of the voting rights with respect to such Pledged Entity provided such voting rights are exercised in accordance with this Agreement; (c) such Pledged Entity consents to the assignment of all or any portion of the Ownership Interests to the Administrative Agent or any of the Administrative Agent’s assignees upon any foreclosure of the Ownership Interests; (d) all parties required by the terms of the Pledged Entity’s Organization Documents to approve the assignment of all or any portion of the Ownership Interests to the Administrative Agent or any of the Administrative Agent’s assignees upon any foreclosure of the Ownership Interests have done so; (e) such Pledged Entity consents to the admission of the Administrative Agent or any of the Administrative Agent’s assignees as a member or partner of such Pledged Entity upon any foreclosure of the Ownership Interest without the taking of any further action by such Pledged Entity, any other Debtor, the Administrative Agent or any of the Administrative Agent’s assignees, all notwithstanding any provision or requirement to the contrary in such Pledged Entity’s Organization Documents; and (f) such Pledged Entity waives its rights, to the extent it has any, under its Organization Documents, to the extent such rights conflict with the provisions of and rights granted to the Administrative Agent and the Administrative Agent’s assignees to permit the Administrative Agent to exercise its rights under this Agreement. In Witness Whereof, each Debtor has caused this Security Agreement to be duly executed and delivered as of the date first above written. L▇▇▇▇▇▇ Facility Services LLC By /s/ J▇▇▇ ▇. ▇▇▇▇▇▇ ▇▇. Name J▇▇▇ ▇. ▇▇▇▇▇▇ ▇▇. Title Executive Vice President, Chief Financial Officer and Treasurer L...
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Confirmation of Pledge. The Original Borrowers and the other Credit Parties hereby confirm and agree that, both before and after giving effect to the ITT Stock Option Transaction, 100% of the Stock of ITT Corporation shall continue to be pledged to the Secured Creditors (and held by the Collateral Agent on their behalf) pursuant to the Pledge and Security Agreement and the other Credit Documents.
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Confirmation of Pledge. The Administrative Agent shall have received evidence of the notation in such entity’s corporate records as required by Mexican law of the pledge by Indian Industries, Inc. to Administrative Agent of 65% Equity Interests of Harvard California, S. DE R.L. C.V. in form and substance reasonably satisfactory to the Administrative Agent.
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Confirmation of Pledge. Agreement dated as of January 28, 2005, executed by Rockresorts International, LLC, in favor of Bank of America, N.A., as Administrative Agent for the Lenders. Amended and Restated Pledge Agreement dated as of June 10, 2003, between Rockresorts International, LLC, and Bank of America, N.A., as Administrative Agent for the ratable benefit of the Lenders. 1. [Pledge Agreement dated as of December 29, 2005, between SSV Holdings, Inc., and Bank of America, N.A., as Administrative Agent for the ratable benefit of the Lenders. 2. Pledge Agreement dated as of January 25, 2006, between Vail Associates Holdings, Ltd., and Bank of America, N.A., as Administrative Agent for the ratable benefit of the Lenders. 3. Pledge Agreement dated as of June 25, 2010, between All Media Holdings, Inc., and Bank of America, N.A., as Administrative Agent for the ratable benefit of the Lenders. 4. Pledge Agreement dated as of March 13, 2007, between National Park Hospitality Company, and Bank of America, N.A., as Administrative Agent for the ratable benefit of the Lenders. 5. Pledge Agreement dated as of September 13, 2010, between Heavenly Valley, Limited Partnership, and Bank of America, N.A., as Administrative Agent for the ratable benefit of the Lenders.]24
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Confirmation of Pledge. The Parent Companies, SLT RLP and the other Credit Parties hereby confirm that, both before and after giving effect to the Stock Sale, 100% of the Stock of ITT Corporation shall continue to be pledged to the Lenders pursuant to the Pledge and Security Agreement and the other Credit Documents.
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Related to Confirmation of Pledge

  • Release of Pledge 3.1 After the Pledgors and the Company fully and completely perform all of the Contractual Obligations and discharge all of the Secured Liabilities, the Pledgee shall, upon the Pledgors’ request, release the Equity Pledge under this Agreement and cooperate with the Pledgors to cancel the registration of the Equity Pledge on the Company’s register of shareholders and with the administration of industry and commerce in charge of the Company. The Pledgee shall assume the reasonable expenses arising out of the release of the Equity Pledge.

  • Exercise of Pledge 8.1 Pledgee shall issue a written Notice of Default to Pledgor when it exercises the Pledge. 8.2 Subject to the provisions of Section 7.3, Pledgee may exercise the right to enforce the Pledge at any time after the issuance of the Notice of Default in accordance with Section 8.1. Once Pledgee elects to enforce the Pledge, Pledgor shall cease to be entitled to any rights or interests associated with the Equity Interest. 8.3 After Pledgee issues a Notice of Default to Pledgor in accordance with Section 8.1, Pledgee may exercise any remedy measure under applicable PRC laws, the Transaction Documents and this Agreement, including but not limited to being paid in priority with the Equity Interest based on the monetary valuation that such Equity Interest is converted into or from the proceeds from auction or sale of the Equity Interest. The Pledgee shall not be liable for any loss incurred by its duly exercise of such rights and powers. 8.4 The proceeds from exercise of the Pledge by Pledgee shall be used to pay for tax and expenses incurred as result of disposing the Equity Interest and to perform Contract Obligations and pay the Secured Indebtedness to the Pledgee prior and in preference to any other payment. After the payment of the aforementioned amounts, the remaining balance shall be returned to Pledgor or any other person who have rights to such balance under applicable laws or be deposited to the local notary public office where Pledgor resides, with all expense incurred being borne by Pledgor. To the extent permitted under applicable PRC laws, Pledgor shall unconditionally donate the aforementioned proceeds to Pledgee or any other person designated by Pledgee. 8.5 Pledgee may exercise any remedy measure available simultaneously or in any order. Pledgee may exercise the right to being paid in priority with the Equity Interest based on the monetary valuation that such Equity Interest is converted into or from the proceeds from auction or sale of the Equity Interest under this Agreement, without exercising any other remedy measure first. 8.6 Pledgee is entitled to designate an attorney or other representatives to exercise the Pledge on its behalf, and Pledgor or Party C shall not raise any objection to such exercise. 8.7 When Pledgee disposes of the Pledge in accordance with this Agreement, Pledgor and Party C shall provide necessary assistance to enable Pledgee to enforce the Pledge in accordance with this Agreement.

  • Term of Pledge 3.1 The Pledge shall become effective on such date when the pledge of the Equity Interest contemplated herein is registered with relevant administration for industry and commerce (the “AIC”). The Pledge shall remain effective until all Contract Obligations have been fully performed and all Secured Indebtedness have been fully paid. Pledgor and Party C shall (1) register the Pledge in the shareholders’ register of Party C within 3 business days following the execution of this Agreement, and (2) submit an application to the AIC for the registration of the Pledge of the Equity Interest contemplated herein within 30 business days following the execution of this Agreement. The parties covenant that for the purpose of registration of the Pledge, the parties hereto and all other shareholders of Party C shall submit to the AIC this Agreement or an equity interest pledge contract in the form required by the AIC at the location of Party C which shall truly reflect the information of the Pledge hereunder (the “AIC Pledge Contract”). For matters not specified in the AIC Pledge Contract, the parties shall be bound by the provisions of this Agreement. Pledgor and Party C shall submit all necessary documents and complete all necessary procedures, as required by the PRC laws and regulations and the relevant AIC, to ensure that the Pledge of the Equity Interest shall be registered with the AIC as soon as possible after submission for filing. 3.2 During the Term of Pledge, in the event Pledgor and/or Party C fails to perform the Contract Obligations or pay Secured Indebtedness, Pledgee shall have the right, but not the obligation, to exercise the Pledge in accordance with the provisions of this Agreement.

  • Retention of Pledged Collateral In addition to the rights and remedies hereunder, upon the occurrence of an Event of Default and during the continuation thereof, the Administrative Agent may, after providing the notices required by Sections 9-620 and 9-621 of the UCC (or any successor sections of the UCC) or otherwise complying with the notice requirements of applicable law of the relevant jurisdiction, accept or retain all or any portion of the Pledged Collateral in satisfaction of the Secured Obligations. Unless and until the Administrative Agent shall have provided such notices, however, the Administrative Agent shall not be deemed to have retained any Pledged Collateral in satisfaction of any Secured Obligations for any reason.

  • Release of Pledged Collateral The Administrative Agent may release any of the Pledged Collateral from this Pledge Agreement or may substitute any of the Pledged Collateral for other Pledged Collateral without altering, varying or diminishing in any way the force, effect, lien, pledge or security interest of this Pledge Agreement as to any Pledged Collateral not expressly released or substituted, and this Pledge Agreement shall continue as a first priority lien on all Pledged Collateral not expressly released or substituted.