Pledge and Security Sample Clauses

Pledge and Security. Agreement executed by the Loan Parties, together with pledged instruments and allonges, stock certificates, stock powers executed in blank, pledge instructions and acknowledgments, as appropriate.

Pledge and Security. SECTION 7.01.

Pledge and Security. Subject only to the right of the City, for and on behalf of its Department of Aviation, to pay Operating and Maintenance Expenses and to the obligations of the City in respect of Senior Bonds and Senior Obligations as provided by the General Bond Ordinance, the Gross Revenues and all moneys and securities paid or to be paid to, or held or to be held in the Subordinate Bond Fund and any other fund or account created and pledged for such purpose under the General Subordinate Bond Ordinance or any Supplemental Subordinate Bond Ordinance (except moneys and securities held in any Subordinate Bond Escrow Account and except as otherwise provided in the General Subordinate Bond Ordinance or any Supplemental Subordinate Bond Ordinance as being unavailable to secure the payment of Subordinate Bond Requirements) are hereby irrevocably pledged by the City, for and on behalf of its Department of Aviation, to secure the payment of its obligations under this Agreement, to the extent and with the priorities provided for herein and in the General Bond Ordinance, the General Subordinate Bond Ordinance and Supplemental Subordinate Bond Ordinance No. [ ]. This pledge shall be valid and binding from and after the Effective Date, and such moneys and securities, as received by the City, for and on behalf of its Department of Aviation, and hereby pledged, shall immediately be subject to the Lien of this pledge without any physical delivery, filing or further act. The Lien of this pledge and the contractual obligations hereby made shall have priority over any or all other liabilities and obligations of the City, for and on behalf of its Department of Aviation (except in respect of (i) Bonds and any the Senior Obligations with respect to which it shall be subordinate and (ii) except in respect of (i) Subordinate Bonds and any other Subordinate Obligations with respect to which it shall be pari passu ); and the Lien of this pledge shall be valid and binding against all Persons having claims of any kind in tort, contract or otherwise against the City, for and on behalf of its Department of Aviation (except as otherwise provided in the General Bond Ordinance or the General Subordinate Bond Ordinance), whether or not such Persons have notice thereof. Notwithstanding the foregoing, the provisions of this Section 8.13 shall not prohibit or otherwise restrict the ability of the City, for and on behalf of its Department of Aviation, to cause moneys to be disbursed from any fund or account ...

Pledge and Security. Each Pledgor hereby pledges all of its respective right, title, and interest in and to, and grants a first lien on, and security interest in, the Collateral to the Secured Party to secure the obligation of the Pledgors to make payments of Residual Excess Servicing to the Secured Party in accordance with Section 9(c) of the Securitization Access Agreement, which obligation is evidenced by the Synthetic Residual Certificate in the form of Exhibit I to the Securitization Access Agreement.

Pledge and Security. Pursuant to the Indenture, the Issuer has assigned to the Trustee all of its right, title and interest in and to the Promissory Note and substantially all of its right, title and interest in and to the Loan Agreement, including all rights to receive loan payments sufficient to pay the principal or Redemption Price, if any, of, Sinking Fund Installments for, Purchase Price, and interest and all other amounts due on the Bonds as the same become due, to be made by the Company pursuant to the Loan Agreement and the Promissory Note. The Bonds are further secured by a first lien in Facility Revenues and the remainder of the Pledged Collateral pursuant to a certain Pledge and Security Agreement, dated as of July 1, 2010, from the Company to the Trustee (as the same may be amended or supplemented, the “Pledge and Security Agreement”). Further, the completion of the Project has been guaranteed by the Company and by Acadia Strategic Opportunity Fund II LLC, a limited liability company organized and existing under the laws of the State of Delaware (the “Parent”, and, together with the Company, being collectively, the “Guarantors”), pursuant to a Project Completion Guaranty Agreement, dated as of July 1, 2010, from the Guarantors to the Trustee (as the same may be amended or supplemented, the “Project Completion Guaranty Agreement”). The Bonds are also secured by mortgage liens on and security interests in the Company’s leasehold interest under the Ground Lease in the Facility, and an assignment of Facility leases and rents, pursuant to a Mortgage and Security Agreement and Assignment of Leases and Rents (Acquisition Loan), a Mortgage and Security Agreement and Assignment of Leases and Rents (Building Loan) and a Mortgage and Security Agreement and Assignment of Leases and Rents (Indirect Loan), each dated as of July 1, 2010, and each from the Company to the Trustee (as each of the same may hereafter be amended or supplemented, collectively the “Mortgage”). The payment of the principal of, redemption premium, if any, Sinking Fund Installments for, Purchase Price, and the interest on the Bonds, and the payments, obligations, covenants and agreements of the Company under the Loan Agreement and under the Promissory Note, have been guaranteed by the Guarantors pursuant to a Bond Guaranty Agreement, dated as of July 1, 2010, from the Guarantors to the Trustee (as the same may hereafter be amended or supplemented, the “Bond Guaranty Agreement”). The Bonds are special limite...

Pledge and Security. Agreement (Warrants) between Borrower and LFSRI II Assisted Living LLC [for warrants to purchase 750,000 shares of ARV Assisted Living, Inc. at $3.00 per share].

Pledge and Security. The Borrower hereby pledges all of its right, title, and interest in, to and under and grants a first lien on, and security interest in, all of the following property, whether now owned or hereafter acquired, now existing or hereafter created and wherever located (collectively, the "Collateral") to the Lender to secure the repayment of principal and interest on the Loan and payment and performance of all other amounts or obligations owing to the Lender pursuant to this Agreement, the Secured Note and any Related Documents: (a) the Certificates; (b) the Fees and Release Amounts; (c) Collection Account; and (d) all proceeds, payments, income and profits of, and records and files relating to any and all of any of the foregoing.

Pledge and Security. Agreements executed by the Borrower or any Subsidiary, if any, granting to the Administrative Agent for the benefit of the Lenders and the Issuer a first and prior Lien, subject to Permitted Liens, on personal property of the Borrower or such Subsidiary, respectively, and (ii) Uniform Commercial Code Financing Statements (Form UCC 1) and such evidence of filing or arrangements for filing as may be acceptable to the Administrative Agent, naming Borrower or such Subsidiary as the debtor and the Administrative Agent as the secured party, or other similar instruments or documents, filed or to be under the Uniform Commercial Code of all jurisdictions as may be necessary or, in the opinion of the Administrative Agent, desirable to perfect the security interest of the Administrative Agent pursuant to such Pledge and Security Agreement.

Pledge and Security. Agreements and other collateral documents executed in connection with the Lucent financing referred to above.