Pledge and Assignment Clause Samples
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Pledge and Assignment. As security for the Secured Obligations (as defined below), the Company hereby irrevocably pledges, assigns and grants to the Trustee, for the equal and ratable benefit of the Holders of the Notes, a first priority continuing security interest in, and control of, all of the Company’s right, title and interest in and to all of the following whether now owned or existing or hereafter acquired or created (collectively, the “Collateral”):
(i) the Escrow Account, all security entitlements from time to time carried in the Escrow Account, all funds from time to time held in the Escrow Account, including, without limitation, the Escrow Funds and all certificates and instruments, if any, from time to time, representing or evidencing the Escrow Account or the Escrow Funds;
(ii) all investments of funds in the Escrow Account, all of which shall constitute Permitted Securities, and whether held by or registered in the name of the Escrow Agent or any nominee, all certificates and instruments, if any, from time to time representing or evidencing any such Permitted Securities and all security entitlements to such Permitted Securities;
(iii) all promissory notes, certificates of deposit, deposit accounts, checks and other instruments evidencing Permitted Securities from time to time hereafter delivered to or otherwise possessed by the Escrow Agent, for or on behalf of the Company, in substitution for or in addition to any or all of the then existing Collateral;
(iv) all interest, dividends, cash, instruments, securities and other properties from time to time received, receivable or otherwise distributed in respect of or in exchange for any or all of the then existing Collateral; and
(v) all proceeds of the foregoing. The Trustee hereby appoints the Escrow Agent to act as the Trustee’s agent, on behalf of the Holders of the Notes, for purposes of perfecting the foregoing pledge, assignment and security interest in the Collateral, and the Escrow Agent hereby accepts such appointment. For so long as the foregoing pledge, assignment and security interest remains in effect, the Escrow Agent hereby waives any right of set off or banker’s lien that it, in its individual capacity or in its capacity as an agent for Persons other than the Trustee and the Holders of the Notes, may have with respect to any or all of the Collateral.
Pledge and Assignment. The Pledgor hereby pledges and assigns to the Collateral Agent, for its benefit and the ratable benefit of the Administrative Agent, the Lenders and the LC Issuer, and grants to the Collateral Agent, for its benefit and the ratable benefit of the Administrative Agent, the Lenders and the LC Issuer, a security interest in, the following collateral (collectively, the “Collateral):
(i) the Account, all funds held therein and all certificates and instruments, if any, from time to time representing or evidencing the Account;
(ii) all Investments (as hereinafter defined) from time to time, and all certificates and instruments, if any, from time to time representing or evidencing the Investments;
(iii) all notes, certificates of deposit, deposit accounts, checks and other instruments from time to time hereafter delivered to or otherwise possessed by the Collateral Agent for or on behalf of the Pledgor in substitution for or in addition to any or all of the then existing Collateral;
(iv) all interest, dividends, cash, instruments and other property from time to time received, receivable or otherwise distributed in respect of or in exchange for any or all of the then existing Collateral; and
(v) all proceeds of any and all of the foregoing Collateral.
Pledge and Assignment. Any company which succeeds by purchase, merger, or consolidation to the properties, substantially as an entirety, of Shipper, or of Transporter, as the case may be, is entitled to the rights and is subject to the obligations of its predecessor in title under this Service Agreement; and either the Shipper or Transporter may assign or pledge this Service Agreement under the provisions of any mortgage, deed of trust, indenture, bank credit agreement, assignment or similar instrument which they have executed or may execute hereafter. Otherwise, neither ▇▇▇▇▇▇▇ nor Transporter may assign this Service Agreement or any of their rights hereunder unless they first obtain the consent in writing of the other party which consent will not be withheld unreasonably; provided further, however, that neither ▇▇▇▇▇▇▇ nor Transporter may be released from its obligations under this Service Agreement without the consent of the other, which consent will not be withheld unreasonably.
Pledge and Assignment. The School District hereby assigns and pledges to the Authority a sufficient portion of any and all public funds to be apportioned or otherwise to be made payable by the State to the School District to cover the payments required hereunder and directs and acknowledges that such amounts shall be paid directly to the Trustee as provided in the Act and the Memorandum of Understanding upon the occurrence of any Event of Default hereunder. Such assignment and pledge shall be irrevocable and shall continue until the date on which the liabilities of the Authority and the School District with respect to the Project have been discharged and the School District’s Proportionate Share of the Authority Bonds have been paid or otherwise discharged. The School District agrees that it will not create or suffer to be created any pledge or assignment of the public funds mentioned in this Section to be apportioned or otherwise payable by the State other than pledges or assignments to secure subsequent Series of Authority Bonds or to secure bonds issued by any agency or instrumentality of the United States of America or the State of New York or any authority, agency or political subdivision thereof, or as otherwise consented to in writing by the Authority.
Pledge and Assignment. Subject to the provisions of Article VI below, sell, transfer or pledge JV Member’s interests in the Company or any Subsidiary.
Pledge and Assignment. The Pledgor hereby pledges and assigns to the Collateral Agent for its benefit and the ratable benefit of the Lenders, and grants to the Collateral Agent for its benefit and the ratable benefit of the Lenders a security interest in, the following collateral (the "COLLATERAL"):
(i) the Account, all funds held therein and all certificates and instruments, if any, from time to time representing or evidencing the Account;
(ii) all Investments (as hereinafter defined) from time to time, and all certificates and instruments, if any, from time to time representing or evidencing the Investments;
(iii) all notes, certificates of deposit, deposit accounts, checks and other instruments from time to time hereafter delivered to or otherwise possessed by the Collateral Agent for or on behalf of the Pledgor in substitution for or in addition to any or all of the then existing Collateral;
(iv) all interest, dividends, cash, instruments and other property from time to time received, receivable or otherwise distributed in respect of or in exchange for any or all of the then existing Collateral; and
(v) all proceeds of any and all of the foregoing Collateral.
Pledge and Assignment. The Authority hereby pledges the Support Agreement Revenues to the repayment of the Bond and all other amounts due and payable to the Lender hereunder. As further security for the repayment of the Bond and all other amounts due and payable to the Lender hereunder, the Authority hereby assigns to the Lender all of the Authority’s rights, title and interests in the Support Agreement. Except for amounts that have been appropriated by the Board of Supervisors in the then current fiscal year as Support Agreement Revenues, the Lender shall not enforce or attempt to enforce any deficiency or other personal money judgment against the Authority or the County with respect to their obligations under the Financing Instruments to which they are a party. THE UNDERTAKING BY THE COUNTY TO MAKE PAYMENTS UNDER THE SUPPORT AGREEMENT CONSTITUTES NEITHER A DEBT OF THE COUNTY WITHIN THE MEANING OF ANY CONSTITUTIONAL OR STATUTORY LIMITATION NOR A LIABILITY OF OR A LIEN OR CHARGE UPON FUNDS OR PROPERTY OF THE COUNTY BEYOND ANY FISCAL YEAR FOR WHICH THE BOARD OF SUPERVISORS HAS APPROPRIATED MONEYS TO PROVIDE FOR THE SUPPORT AGREEMENT REVENUES. THE COUNTY HAS COVENANTED IN THE SUPPORT AGREEMENT THAT THE COUNTY ADMINISTRATOR SHALL INCLUDE IN THE COUNTY’S ANNUAL BUDGET PRESENTED TO THE BOARD OF SUPERVISORS AN APPROPRIATION OF THE AMOUNTS NECESSARY TO FUND THE AUTHORITY’S OBLIGATIONS UNDER THIS AGREEMENT AND THE BOND, BUT THE COUNTY IS NOT OBLIGATED TO MAKE APPROPRIATIONS FOR SUCH PURPOSE. THE AUTHORITY SHALL HAVE NO OBLIGATION OR LIABILITY TO THE LENDER WITH RESPECT TO THE COUNTY’S OBLIGATIONS TO MAKE PAYMENTS UNDER THE SUPPORT AGREEMENT OR WITH RESPECT TO THE PERFORMANCE BY THE COUNTY OF ANY OTHER UNDERTAKING CONTAINED THEREIN.
Pledge and Assignment. In addition to, and consistent with, the provisions of Section 2.3 hereof, the Grantor pledges, assigns to the Custodian, and grants a continuing security interest in, all of the Grantor’s right, title and interest in and to the following collateral (collectively, the “Collateral”) to the Custodian for the benefit of ▇▇▇▇▇▇ Mae:
(i) the Initial Deposit and all future Deposits made pursuant to the Master Agreement and this Cash Collateral Agreement;
(ii) the Cash Collateral Account, and all funds held therein including all certificates and instruments, if any, from time to time representing, evidencing or otherwise relating to the Cash Collateral Account;
(iii) all investments made from time to time with funds held in the Cash Collateral Account and all certificates and instruments, if any, from time to time representing or evidencing such investments;
(iv) all present and future securities, investment securities, notes, certificates of deposit, treasury obligations, investment agreements, guaranteed investment contracts, negotiable instruments, general intangibles, cash, bank deposit accounts, checks and other instruments from time to time hereafter resulting from the investment and/or reinvestment of Collateral pursuant to Section 4 of this Cash Collateral Agreement; and
(v) all cash and non-cash proceeds of any of the foregoing, including, without limitation, interest, dividends, cash, instruments and other property from time to time received, receivable or otherwise distributed or distributable in respect of or in exchange for any or all of the other Collateral.
Pledge and Assignment. Grantors hereby grant and make a common-law pledge and assignment to the Beneficiary of all Refinery Accounts (defined below) and all credit balances therein from time to time. “Refinery Accounts” means any account or allocation, and the credit balances in dollars or Minerals therein, of or for the benefit of a Grantor at or with any refinery, smelter or processing facility to which Minerals severed from or attributable to the Lands are delivered or held.
Pledge and Assignment. The Company hereby irrevocably pledges, assigns and sets over to the Trustee, and grants to the Trustee, for the benefit of the Holders of the Notes, a first priority continuing security interest in all of the Company's right, title and interest to all of the following, whether now owned or existing or hereafter acquired or created (collectively, the "Collateral"):