The Pledgor. (a) The Pledgor must preserve its corporate existence and except as permitted by the Indenture will not, in one transaction or a series of related transactions, merge into or consolidate with any other entity, or sell all or substantially all of its assets. (b) The Pledgor must not change the jurisdiction of its organization without providing the Collateral Agent with at least 30 days’ prior written notice. (c) The Pledgor must not change its name without providing the Collateral Agent with at least 30 days’ prior written notice. (d) The Pledgor must keep at its address indicated in Clause 17 (Notices) its corporate records and all records, documents and instruments constituting, relating to or evidencing Pledged Collateral, except for the Pledged Collateral delivered to the Collateral Agent in compliance with Clause 4.2 (Delivery of certificates). (e) The Pledgor permits the Collateral Agent and its agents and representatives, during normal business hours and upon reasonable notice, to inspect the Pledged Collateral, to examine and make copies of and abstracts from the records referred to in paragraph (d) above, and to discuss matters relating to the Pledged Collateral directly with the Pledgor’s officers and employees. (f) At the Collateral Agent’s request, the Pledgor must provide the Collateral Agent with any information concerning the Collateral that the Collateral Agent may reasonably request.
Appears in 2 contracts
Sources: Pledge Agreement (Vector Group LTD), Pledge Agreement (Vector Group LTD)
The Pledgor. (a) The Except as permitted under the Indenture, the Pledgor must preserve its corporate limited liability company existence and will not, except as permitted by the Indenture will notIndenture, in one transaction or a series of related transactions, merge into or consolidate with any other entity, or sell all or substantially all of its assets.
(b) The Pledgor must not change the jurisdiction of its organization without providing the Collateral Agent with at least 30 days’ prior written notice.
(c) The Pledgor must not change its name without providing the Collateral Agent with at least 30 days’ prior written notice.
(d) The Pledgor must keep at its address indicated in in, or otherwise notified to the Collateral Agent pursuant to, Clause 17 16 (Notices) its corporate records and all records, documents and instruments constituting, relating to or evidencing Pledged Collateral, except for the Pledged Collateral delivered to the Collateral Agent in compliance with Clause 4.2 (Delivery of certificates).
(e) The Pledgor permits will permit the Collateral Agent and its agents and representatives, during normal business hours and upon reasonable notice, to inspect the Pledged Collateral, to examine and make copies of and abstracts from the records referred to in paragraph (d) above, and to discuss matters relating to the Pledged Collateral directly with the Pledgor’s officers and employees.
(f) At the Collateral Agent’s request, the Pledgor must provide the Collateral Agent with any information concerning the Collateral that the Collateral Agent may reasonably request.
Appears in 1 contract
Sources: Pledge Agreement (Vector Group LTD)