Pledged Interests

Pledged Interests. The term "Pledged Interests" shall mean and include, collectively, all Equity Interests owned by each Pledgor in any Subsidiary thereof which such Pledgor is required to pledge pursuant to the Loan Agreements (including, without limitation, each Subsidiary described in Schedule II hereof) (each, individually, an "Issuer" and, collectively, the "Issuers"), whether now existing or hereafter acquired or formed, as more particularly described in Schedule II hereof (including as such Schedule II may... be supplemented from time to time by virtue of any Joinder Agreement or other supplement or amendment to this Agreement), and all Equity Interests in any successor corporation or interests or certificates of any successor limited liability company, partnership or other entity owned by each Pledgor formed by or resulting from any consolidation or merger in which any such Subsidiary thereof is not the surviving entity; provided, however, that to the extent applicable, Pledged Interests shall not include Equity Interests possessing more than 65% of the voting power or control of all classes of interests entitled to vote of any CFC to the extent such pledge would result in a material adverse tax consequence to such Pledgor. View More

Pledged Interests. Means all right, title and interest of Pledgor, whether now owned or hereafter acquired, as the beneficial owner and holder of forty-nine percent (49%) of the membership interests in the Pledged Entities, together with all interests, certificates, options or rights of any nature whatsoever which may be issued or granted to Pledgor by any Pledged Entity in respect thereof.