Pledge and Security Interest Sample Clauses
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Pledge and Security Interest. The Pledgor hereby pledges and grants to the Collateral Agent, for the ratable benefit of the Secured Parties, a security interest in and to all of its presently owned or hereafter acquired or arising right, title and interest in, under and to the following, wherever located (collectively, the “Pledged Collateral”):
(i) the limited liability company interests in the Borrower identified in Annex 1 and all other membership interests or shares of capital stock of whatever class of the Borrower, in each case, now or hereafter owned by the Pledgor in the Borrower, and all certificates or instruments representing the same (collectively, the “Membership Interests”) and (ii) all options, warrants and rights to purchase Membership Interests in the Borrower and benefits of the Pledgor in each case associated with the Membership Interests and all rights and benefits of the Pledgor under the Borrower LLC Agreement, including (A) all of the Pledgor’s interest in the capital of the Borrower, and all rights of the Pledgor as the sole holder of limited liability company interests in the Borrower and, subject to Section 7.6 of the Credit Agreement, all rights of Pledgor to receive dividends, distributions, cash, instruments and other property from time to time receivable or otherwise distributable under the Borrower LLC Agreement in respect of the Membership Interests, (B) all other payments due or to become due to the Pledgor under the Borrower LLC Agreement in respect of the Membership Interests, including all rights of the Pledgor to receive proceeds of any insurance, indemnity, warranty or guaranty due to or with respect to its Membership Interests, (C) all claims of the Pledgor for damages arising out of or for breach of or default under the Borrower LLC Agreement, (D) the right of the Pledgor to terminate the Borrower LLC Agreement and to perform and exercise consensual or voting rights thereunder, including the right, if any, to manage the Borrower’s affairs, to make determinations, to exercise any election or option or to give or receive any notice, consent, amendment, waiver or approval, and the right, if any, to compel performance and otherwise exercise all remedies thereunder and (E) all rights of the Pledgor as the sole member and holder of limited liability company interests in the Borrower to all Property and assets of the Borrower (whether real property, inventory, equipment, contract rights, accounts, receivables, general intangibles, securities, instrument...
Pledge and Security Interest. Each Grantor hereby grants to the Collateral Agent, for the benefit of the Secured Parties, a security interest in and continuing lien on all of such Grantor’s right, title and interest in, to and under the following personal property of such Grantor, in each case whether now or hereafter owned or existing or in which any Grantor now has or hereafter acquires an interest and wherever the same may be located (subject to Section 2.2, all of which being hereinafter collectively referred to as the “Pledged Collateral”):
(i) all Pledged Equity Interests in the Gaming Entities and all additional shares of, or interests in, all Pledged Equity Interests of any of the Gaming Entities now or hereafter owned or acquired by the Grantor, and all other Pledged Equity Interests in any of the Gaming Entities now or hereafter owned or acquired by the Grantor, in each case, whether as a dividend or distribution or as a result of a stock split or otherwise, and all of the Grantor’s rights to acquire Pledged Equity Interests in any of the Gaming Entities in addition to or in exchange or substitution for the existing Pledged Equity Interests;
(ii) all of the Grantor’s rights, benefits, privileges, authority and powers under any Organizational Document of any of the Gaming Entities or voting trust agreement or similar agreement, including, without limitation, (A) all of the Grantor’s interest in the capital of any of the Gaming Entities, and all rights of the Grantor as an equityholder and all rights to receive dividends (including non-cash dividends), distributions, cash, securities, instruments and other property, assets or proceeds of any kind from time to time received, receivable or otherwise distributed or distributable in respect of the Pledged Equity Interests or pursuant to any Organizational Document of any of the Gaming Entities by way of distribution, return of capital or otherwise, (B) all other payments due or to become due to the Grantor in respect of the Pledged Equity Interests or any Organizational Document of any of the Gaming Entities, including but not limited to all rights of the Grantor to receive proceeds of any insurance, indemnity, warranty or guaranty due to or with respect to the Pledged Equity Interests or any Organizational Document of any of the Gaming Entities, (C) all claims of the Grantor for damages arising out of or for breach of or default under any Organizational Document of the Gaming Entities, (D) the right of the Grantor to terminate any...
Pledge and Security Interest. As collateral security for the due and punctual payment and performance by Borrower of all of its obligations under the Loan Agreement and the other Loan Documents (collectively, the “Obligations”), Pledgor hereby pledges and assigns to Lender a continuing first priority security interest in and to the Collateral.
Pledge and Security Interest. (a) As collateral for the full and timely compliance of any and all of Pledgor's obligations under the Loan Agreement and the Guarantee Agreement, including, without limitation, payment and/or reimbursement of principal, payment of interest due, default interest, disbursements, consultants' and attorneys' fees due and payable and all other additional charges and amounts owed by the Company to the Pledgee (the "Secured Obligations"), the Pledgor hereby grants to LoJack a pledge of, first lien on and security interest in, the Pledged Stock (the "Pledge").
(b) Pursuant to Section 3217 of the Argentine Civil Code, the Secured Obligations amount to an estimated US$ 1,750,000 (U.S. dollars One Million Seven Hundred Fifty Thousand) on account of principal, plus any compensatory and late interest and any other additional charges and/or any other amount of money payable by the Pledgor and/or the Company to the Pledgee under the Loan Agreement and the Guarantee Agreement as well as all other obligations of undetermined and/or contingent value accrued thereunder.
(c) The Pledge shall be perfected on the date of this Agreement, by:
(i) providing notice thereof to the President of the Board of the Company on the terms contemplated in Exhibit II hereto;
(ii) the annotation in the Stock Registry Book of the Company of the Pledge on the Pledged Stock; and
(iii) delivery of the Certificates by the Pledgor to LoJack, with a legend, on the reverse of each Certificate, stating that the Pledged Stock is pledged and encumbered pursuant to the terms of this Agreement.
Pledge and Security Interest. Each Pledgor hereby unconditionally and irrevocably pledges, grants and hypothecates to the Pledgee, and grants to the Pledgee a continuing first priority security interest in, a first lien upon and a right of set-off against, all of its respective rights, titles and interests of whatsoever kind and nature in (the “Security Interest”), and to secure the complete and timely payment, performance and discharge in full, as the case may be, of all of the obligations pursuant to the Debentures, the following (collectively, the “Pledged Collateral”):
(a) 270,262 shares of Preferred Stock owned by such Pledgor and set forth on Schedule A attached hereto (the “Pledged Shares”), and all 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 Pledged Shares; and
(b) all proceeds of any and all of the foregoing Pledged Collateral, in whatever form (including, without limitation, proceeds that constitute property of the types described above).
Pledge and Security Interest. To secure the full and punctual payment and discharge of the Obligations, the Pledgor hereby pledges the Collateral to the Pledgee and grants to the Pledgee a continuing security interest in the Collateral. Such security interest of the Pledgee is junior to the security interest previously granted to the Koyah Collateral Agent, and subject to the terms and conditions of the Intercreditor Agreement (as defined below).
Pledge and Security Interest. In consideration of any extensions(s) of credit or other financial accommodations(s) now or hereafter given or continued by us, or any of its branches, agencies, offices, subsidiaries, or other affiliates (all of the foregoing, including us, being the “Secured Parties”) to you or any of you, and as security for the payment of all indebtedness, obligations and liabilities (whether direct or indirect, several or joint, matured or unmatured, liquidated or unliquidated, absolute or contingent, original or arising by purchase or assignment, and whether for principal, interest, attorney’s fees, other expenses, or any other amounts) which are now or hereafter owing to any of the Secured Parties by you or any of you (with or without other obligors) (all of such obligations and liabilities being the “Indebtedness”), you hereby assign transfer and pledge to the Secured Parties and grant the Secured Parties a security interest in all of the following, whether now or hereafter existing (the “Collateral”): (a) all Accounts (whether general or special, including without limitation deposits owned jointly or by the entireties), interest thereon, and balances and credits maintained with us or with any other Secured Party by you or any of you, (b) any and all other assets (including without limitation all notes, instruments, bonds, and securities) held at or in the possession and/or control of us or with any other Secured Party on behalf of you or any of you;
Pledge and Security Interest. To secure Pledgor's obligations to Pledgee to assume and fully discharge when due all of the Obligations and Pledgor's other obligations hereunder, Pledgor hereby pledges the Collateral to Pledgee and grants to Pledgee a continuing security interest in the Collateral.
Pledge and Security Interest. (a) As collateral security for the prompt payment and performance in full of the Obligations (as defined below), each Pledgor hereby delivers, pledges and grants to the Pledgee an irrevocable, first priority security interest in (i) all the securities, membership, partnership or other ownership interests or rights to purchase set forth on Schedule I attached hereto, and (ii) all securities, membership, partnership or other ownership interests obtained in the future by a Pledgor (collectively, the “Pledged Securities”), including, without limitation: (A) all of the Pledgors’ interests in respect of the Pledged Securities and Pledgors’ interests in all profits and distributions to which the Pledgors shall at any time be entitled in respect of such Pledged Securities and (B) to the extent not otherwise included, all proceeds, dividends, warrants, options, rights, instruments, and other property from time to time received or otherwise distributable in respect of or in exchange of any or all of the foregoing (collectively, the “Pledged Collateral”).
Pledge and Security Interest. Each Pledgor hereby unconditionally and irrevocably pledges, grants and hypothecates to the Pledgees, and grants to the Pledgees a continuing first priority security interest in, a first lien upon and a right of set-off against, all of its respective rights, titles and interests of whatsoever kind and nature in (the “Security Interest”), and to secure the complete and timely payment, performance and discharge in full, as the case may be, of all of the obligations pursuant to the Notes, the following (collectively, the “Pledged Collateral”):
(a) the Notes owned by such Pledgor and set forth on Schedule A attached hereto, and all interests, 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 Pledged Collateral; and
(b) all proceeds of any and all of the foregoing Pledged Collateral, in whatever form (including, without limitation, proceeds that constitute property of the types described above).