Security Interest and Guarantee. The Holder has been granted a security interest in (i) certain assets of the Companies as more fully described in the Security Agreement and the Master Security Agreement, (ii) the equity interests of certain Subsidiaries of the Parent pursuant to the Stock Pledge Agreement dated as of the date hereof and (iii) the equity interests of Star Scientific, Inc. held by The ▇▇▇▇▇▇▇ ▇. ▇’▇▇▇▇▇▇▇, ▇▇. Irrevocable Trust No. 1 pursuant to the ▇’▇▇▇▇▇▇▇ Stock Pledge Agreement dated as of the date hereof. The obligations of the Companies under this Note are guaranteed by certain Subsidiaries of the Parent pursuant to the Subsidiaries Guaranty dated as of the date hereof.
Appears in 3 contracts
Sources: Secured Convertible Minimum Borrowing Note (Accentia Biopharmaceuticals Inc), Secured Convertible Minimum Borrowing Note (Accentia Biopharmaceuticals Inc), Secured Convertible Minimum Borrowing Note (Accentia Biopharmaceuticals Inc)
Security Interest and Guarantee. The Holder has been granted a security interest in (i) certain assets of the Companies as more fully described in the Security Agreement and the Master Security Agreement, Agreement (ii) the equity interests of certain Subsidiaries of the Parent pursuant to the Stock Pledge Agreement dated as of the date hereof and (iii) the equity interests of Star Scientific, Inc. held by The ▇▇▇▇▇▇▇ ▇. ▇’▇▇▇▇▇▇▇, ▇▇. Irrevocable Trust No. 1 pursuant to the ▇’▇▇▇▇▇▇▇ Stock Pledge Agreement dated as of the date hereof. The obligations of the Companies under this Note are guaranteed by certain Subsidiaries of the Parent Parent, pursuant to the Subsidiaries Guaranty dated as of the date hereof.
Appears in 2 contracts
Sources: Secured Revolving Note (Accentia Biopharmaceuticals Inc), Secured Non Convertible Revolving Note (Accentia Biopharmaceuticals Inc)
Security Interest and Guarantee. The Holder has been granted a security interest in (i) certain assets of the Companies as more fully described in the Security Agreement and the Master Security Agreement, (ii) the equity interests of certain Subsidiaries of the Parent pursuant to the Stock Pledge Agreement dated as of the date hereof and (iii) the equity interests of Star Scientific, Inc. held by The ▇▇▇▇▇▇▇ ▇. ▇’▇▇▇▇▇▇▇, ▇▇. Irrevocable Trust No. 1 pursuant 1pursuant to the ▇’▇▇▇▇▇▇▇ Stock Pledge Agreement dated as of the date hereof. The obligations of the Companies under this Note are guaranteed by certain Subsidiaries of the Parent pursuant to the Subsidiaries Guaranty dated as of the date hereof.
Appears in 1 contract
Sources: Secured Convertible Minimum Borrowing Note (Accentia Biopharmaceuticals Inc)