Stock Pledge Clause Samples

Stock Pledge. 27 5.2. Guaranty......................................................................... 27

Stock Pledge. Agreements duly executed by each Subsidiary of the Borrower owing a Collateral Property.

Stock Pledge. As security for the full and timely payment and performance of all Obligations now existing or hereafter arising, the Borrower and each Domestic Subsidiary owning any Pledged Stock shall on or before the Closing Date deliver to the Agent, in form and substance reasonably acceptable to the Agent, the Stock Pledge Agreement together with certificates representing such Pledged Stock and such stock powers duly executed in blank as may be required by the Agent in accordance with the terms hereof and thereof. In addition to any Stock Pledge Agreement required to be delivered pursuant to Section 9.21 hereof, the Borrower and each Subsidiary hereby agrees to pledge to the Agent for the benefit of the Lenders (a) 100% of the capital stock and related interests and rights directly or indirectly owned by the Borrower of any Domestic Subsidiary or Domestic Control Subsidiary hereafter acquired or created, (b) 65% of the voting stock and related interests and rights directly or indirectly owned by the Borrower of any Direct Foreign Subsidiary or Direct Foreign Control Subsidiary hereafter acquired or created and (c) 100% of the capital stock and related interests and rights directly or indirectly owned by the Borrower of any Foreign Subsidiary or Foreign Control Subsidiary of the Borrower to the extent such action would not result in any material adverse tax impact on the Borrower and, in each case, to deliver to the Agent a Stock Pledge Agreement substantially in the form of Exhibit G hereto within thirty (30) days of the acquisition or creation of such Subsidiary.

Stock Pledge. To secure the full performance of Executive's ------------ obligation to the Company under the Promissory Note, Executive hereby grants to the Company a security interest in the Shares. Such security interest shall be evidenced by a stock pledge agreement in the identical form of the attached exhibit B.

Stock Pledge. As part of the consideration for the provisions of Paragraphs 1 and 2 above, and as new security for the Loan, upon execution hereof the Principals of the Company shall execute and deliver to the applicable escrow agent that certain Stock Pledge Agreement pledging as security for the Loan an aggregate of Three Hundred Thousand (300,000) shares of the Company’s Common Stock owned by them and all documents ancillary thereto required to “perfect” SB’s security. A copy of the Stock Pledge Agreement is attached hereto and incorporated herein as if set forth.

Stock Pledge. To secure the full performance of Shareholder's obligation to MRSC under the Promissory Note, Shareholder hereby grants to MRSC a security interest in the Shares.

Stock Pledge. To evidence and perfect the Liens of Collateral Agent in the Subsidiary Stock, Company and the Subsidiaries owning other Subsidiaries, Excluded Subsidiaries, or Unrestricted Subsidiaries have executed and delivered the Stock Pledge Agreement and have executed and delivered and will execute and deliver related undated stock powers executed in blank and have delivered and will deliver the original certificates representing the Subsidiary Stock to Collateral Agent and have caused and will cause all issuers of Subsidiary Stock to execute and deliver pledge acknowledgments pursuant to the Stock Pledge Agreement.

Stock Pledge stock pledge agreement from the Borrower covering all of the capital stock of the Guarantor.

Stock Pledge. Community Medical Transport, Inc., as pledgor ("Stock Pledgor") under separate Stock Pledge Agreements of even date herewith ("Stock Pledge Agreements") shall have executed and delivered the Stock Pledge Agreements, pledging in favor of FINOVA all of the issued and outstanding common capital stock of (i) Community Ambulette Service, Inc.; (ii) First Help Ambulance and Ambulette, Inc.; (iii) Empire Ambulance and Ambulete, Inc.; (iv) Century Ambulance and Ambulette, Inc.; (v) ▇▇▇▇▇▇▇▇/▇▇▇▇▇▇ Operating Company, Inc.; (vi) Elite Ambulance and Medical Coach, Inc.; (vii) ▇▇▇▇▇▇ Valley Meddtex, Inc.; (viii) Clove Professional Services, Inc.; (ix) Consolidated Collections, Inc.; and (x) ▇▇▇▇▇▇▇▇/▇▇▇▇▇▇ Payroll Company, Inc. FINOVA shall be in possession on the Closing Date of original stock certificates evidencing the shares of stock so pledged to FINOVA, and of undated stock Powers and Assignments Apart from Certificate, executed in blank by Stock Pledgors with respect to all such shares;