Security and Pledge Agreement definition
Examples of Security and Pledge Agreement in a sentence
The obligations of the Borrower under this Note are secured pursuant to the Security and Pledge Agreement attached hereto.
This Trademark Collateral Security and Pledge Agreement, as amended and in effect from time to time.
The Borrower and each of the Guarantors shall have duly executed and delivered to the Agent a Security and Pledge Agreement in substantially the form of Exhibit B (the "Security and Pledge Agreement").
Borrower, or the relevant related party, as the case may be, breaches any material covenant, post-closing obligation or other material term or condition contained in this Note, or in the related Warrants, Purchase Agreement, Security and Pledge Agreement, Term Sheet or any other collateral documents (together, the “Transaction Documents”) and breach continues for a period of ten (10) days.
Subject to Section 8.7 of the Security and Pledge Agreement, the Banks irrevocably authorize the Collateral Agent to, and the Collateral Agent shall, release any Clearing Member from its obligations under the Loan Documents if such Person ceases to be a Clearing Member (which obligations shall be automatically released upon such Person ceasing to be a Clearing Member).