PledgeAssignmentandSecurityAgreement抵押分配及担保协议doc文档格式.docx
- 文档编号:20965119
- 上传时间:2023-01-26
- 格式:DOCX
- 页数:8
- 大小:20.21KB
PledgeAssignmentandSecurityAgreement抵押分配及担保协议doc文档格式.docx
《PledgeAssignmentandSecurityAgreement抵押分配及担保协议doc文档格式.docx》由会员分享,可在线阅读,更多相关《PledgeAssignmentandSecurityAgreement抵押分配及担保协议doc文档格式.docx(8页珍藏版)》请在冰豆网上搜索。
WHEREAS,thePledgorhasbeengrantedcertainoptionstopurchasesharesofthePledgeescommonstock;
and
WHEREAS,ItisaconditionprecedenttotheeffectivenessoftheLoanAgreementthatthePledgorshallgrantthesecurityinterestcontemplatedbythisAgreement.
NOW,THEREFORE,inconsiderationofthepremisesandinordertoinducethePledgeetomaketheloancontemplatedbytheLoanAgreement,thePledgorherebyagreeswiththePledgeeasfollows:
Section1GrantofSecurity.ThePledgorherebyassigns,transfersandpledgestothePledgee,andherebygrantstothePledgeeasecurityinterestin,allofthePledgorsright,titleandinterestin,toandunderthefollowing,ineachcase,astoeachtypeofpropertydescribedbelow,whethernowownedorhereafteracquired,whereverlocatedandwhethernoworhereafterexisting(theCollateral):
(a)ThatcertainoptiongrantedtoPledgorbyPledgeedescribedonScheduleIhereto(theOption)topurchase_________sharesofBBB,Inc.commonstock,parvalue$,_________pershare(CommonStock),andallsharesofCommonStockacquireduponexerciseoftheOption(collectively,SecurityCollateral),andalldividends,cash,instrumentsandotherpropertyfromtimetotimereceiveduponthesaleof,orreceivableorotherwisedistributedinrespectoforinexchangefor,anyorallofsuchSecurityCollateral;
(b)ThatcertainStockOptionAgreement,totheextentthatitevidencestheOption,insubstantiallytheformsetforthonScheduleIIhereto(theAssignedAgreement),includingwithoutlimitationallrightsofthePledgorunderorwithrespecttotheAssignedAgreement(allsuchCollateralbeingtheAgreementCollateral);
(c)AllproceedsofanyandalloftheforegoingCollateral(including,withoutlimitation,anypropertyorcash)and,totheextentnototherwiseincluded,allpaymentsunderinsurance(whetherornotthePledgeeisthelosspayeethereof),oranyindemnity,warrantyorguaranty,payablebyreasonoflossordamagetoorotherwisewithrespecttoanyoftheforegoingCollateral;
(d)AnyotherpropertyorrightconstitutinganypartofthePledgedSecurity.
Section2SecurityforObligations.ThisAgreementsecuresthepaymentofallobligationsofthePledgornoworhereafterexistingundertheLoanDocuments(allsuchobligationsofthePledgorbeingtheObligations).Withoutlimitingthegeneralityoftheforegoing,thisAgreementsecuresthepaymentofallamountsthatconstitutepartoftheObligationsandwouldbeowedbythePledgortothePledgeeunderanyoftheLoanDocumentsbutforthefactthattheyareunenforceableornotallowableduetotheexistenceofabankruptcy,reorganizationorsimilarproceedinginvolvingthePledgor.
Section3ReleaseofSecurity
(a)AsofthedateoftherepaymentofanyLoanprincipalundertheLoanAgreement,thesecurityinterestgrantedherebyshallterminateandallrightstotheCollateralshallreverttothePledgorwithrespecttothatnumberofsharesofCommonStocksubjecttotheOption(oracquireduponexerciseoftheOption)equaltotheproductof(a)_________and(b)theratioof(i)theamountofLoanprincipalrepaidasofsuchdateto(ii)$,_________.
(b)AsofthedateofeachrepaymentofLoanprincipal,theterminationofthesecurityinterestasdescribedinSection3(a)shallapplyfirstwithrespecttoanysharesofCommonStockpurchasedbyPledgoruponexerciseoftheOptionpriortosuchrepaymentdate(oranyotherpropertyreceivedwithrespecttosuchshares)andthenwithrespecttosharesofCommonStocksubjecttotheOptionasofthedateofsuchrepayment.
Section4PledgorRemainsLiable.Anythinghereintothecontrarynotwithstanding,(a)thePledgorshallremainliableunderthecontractsandagreementsincludedintheCollateraltotheextentsetforththereintoperformallofitsdutiesandobligationsthereundertothesameextentasifthisAgreementhadnotbeenexecuted,(b)theexercisebythePledgeeofanyoftherightshereundershallnotreleasethePledgorfromanyofitsdutiesorobligationsunderthecontractsandagreementsincludedintheCollateral,and(c)thePledgeeshallhavenoobligationorliabilityunderthecontractsandagreementsincludedintheCollateralbyreasonofthisAgreement,norshallthePledgeebeobligatedtoperformanyoftheobligationsordutiesofthePledgorthereunderortotakeanyactiontocollectorenforceanyclaimforpaymentassignedhereunder.
Section5DeliveryofCollateral.AllcertificatesorinstrumentsrepresentingorevidencingtheCollateralshallbedeliveredtoandshallbeheldbyoronbehalfofthePledgeepursuantheretoandshallbeinsuitableformfortransferbydelivery,orshallbeaccompaniedbydulyexecutedinstrumentsoftransferorassignmentinblank,allinformandsubstancesatisfactorytothePledgee.ThePledgeeshallhavetheright,atanytimeinitsdiscretionandwithoutnoticetothePledgor,totransfertoortoregisterinthenameofthePledgee(aspledgeehereunder)oranyofitsnomineesanyoralloftheCollateral.Inaddition,thePledgeeshallhavetherightatanytimetoexchangecertificatesorinstrumentsrepresentingorevidencingtheCollateralforcertificatesorinstrumentsofsmallerorlargerdenominations.
Section6RepresentationsandWarranties.ThePledgorrepresentsandwarrantsasfollows:
(a)AfullyexecutedoriginalcounterpartoftheAssignedAgreementhasbeendeliveredtothePledgee.
(b)ThePledgoristhelegalandbeneficialowneroftheCollateralfreeandclearofanylien,securityinterest,optionorotherchargeorencumbrance,exceptforthesecurityinterestscreatedbythisAgreement.NoeffectivefinancingstatementorotherdocumentsimilarineffectcoveringalloranypartoftheCollateralisonfileinanyrecordingoffice,exceptsuchasmayhavebeenfiledinfavorofthePledgeerelatingtothisAgreement.
(c)ThisAgreementhasbeendulyexecutedanddeliveredbythePledgorandisavalidandbindingobligationofthePledgor,enforceableagainstthePledgorinaccordancewithitsterms.
(d)TheexecutionanddeliverybythePledgorofthisAgreementandtheperformanceofitsobligationsthereunderarewithinthePledgorsauthorityandcapacityanddonotcontraveneanylaw,regulation,orderorcontractualrestrictionbindingonoraffectingthePledgor.
(e)ThePledgeandgrantoftheCollateralpursuanttothisPledgeAgreementcreatesavalidandperfectedfirstprioritysecurityinterestintheCollateralinfavorofthePledgee,securingthepaymentofalloftheObligations.
Section7FurtherAssurances
(a)ThePledgoragreesthatfromtimetotimethePledgorwillpromptlyexecuteanddeliverallfurtherinstrumentsanddocuments,andtakeallfurtheraction,thatmaybenecessaryordesirable,orthatthePledgeemayreasonablyrequest,inordertoperfectandprotectanypledge,assignmentorsecurityinterestgrantedorpurportedtobegrantedherebyortoenablethePledgeetoexerciseandenforceitsrightsandremedieshereunderwithrespecttoanyCollateral.Withoutlimitingthegeneralityoftheforegoing,thePledgorwill:
(i)deliverandpledgetothePledgeepromptlyuponreceiptthereofallinstrumentsorcertificatesrepresentingorevidencinganyoftheCollateraldulyendorsedandaccompaniedbydulyexecutedinstrumentsoftransferorassignment,allinformandsubstancesatisfactorytothePledgee;
and(ii)executeandfilesuchfinancingorcontinuationstatements,oramendmentsthereto,andsuchotherinstrumentsornotices,asmaybenecessaryordesirable,orasthePledgeemayrequest,inordertoperfectandpreservethepledge,assignmentandsecurityinterestgrantedorpurportedtobegrantedhereby.
(b)ThePledgorherebyauthorizesthePledgeetofileoneormorefinancingorcontinuationstatements,andamendmentsthereto,relatingtoalloranypartoftheCollateralwithoutthesignatureofthePledgorwherepermittedbylaw.AphotocopyorotherreproductionofthisAgreementoranyfinancingstatementcoveringtheCollateraloranypartthereofshallbesufficientasafinancingstatementwherepermittedbylaw.
(c)ThePledgorwillfurnishtothePledgeefromtimetotimestatementsandschedulesfurtheridentifyinganddescribingtheCollateralandsuchotherreportsinconnectionwiththeCollateralasthePledgeemayreasonablyrequest,allinreasonabledetail.
(d)ThePledgoragreestodefendthetitleoftheCollateralandthelienthereonofthePledgeeagainsttheclaimofanyotherpersonandtomaintainandpreservesuchlienuntilpaymentinfullofalloftheObligations.
Section8AssignedAgreement.ThePledgorshallatitsexpense(a)performandobserveallthetermsandprovisions,inallmaterialrespects,oftheAssignedAgreementtobeperformedorobservedbyit,enforcetheAssignedAgreementinaccordancewiththeirrespectiveterms,andtakeallsuchactiontosuchendasmaybefromtimetotimereasonablyrequestedbythePledgee,(b)furnishtothePledgeesuchinformationandreportsregardingtheCollateralasthePledgeemayreasonablyrequestand(c)uponrequestofthePledgeemaketoanyotherpartytotheAssignedAgreementsuchdemandsandrequestsforinformationandreportsorforactionasthePledg
- 配套讲稿:
如PPT文件的首页显示word图标,表示该PPT已包含配套word讲稿。双击word图标可打开word文档。
- 特殊限制:
部分文档作品中含有的国旗、国徽等图片,仅作为作品整体效果示例展示,禁止商用。设计者仅对作品中独创性部分享有著作权。
- 关 键 词:
- PledgeAssignmentandSecurityAgreement 抵押 分配 担保 协议 doc
链接地址:https://www.bdocx.com/doc/20965119.html