Missouri Stock Pledge Agreement by Portola Company IV LLC for Portola Packaging, Inc.

• Category: Corporations - Public - Stocks
• State: Multi-State
• Control #: US-EG-9024
• Format: Word; Rich Text

Description

Amended and Restated Stock Pledge Agreement between Portola Company IV, LLC in favor of Portola Packaging, Inc. dated October 4, 1999. 11 pages Missouri Stock Pledge Agreement: A Comprehensive Overview of Tortola Company IV LLC's Agreement with Tortola Packaging, Inc. A Missouri Stock Pledge Agreement is a legal contract signed between Tortola Company IV LLC and Tortola Packaging, Inc., with the purpose of securing a debt or obligation owed by Tortola Packaging, Inc. to Tortola Company IV LLC. This agreement is specifically tailored to Missouri state laws and regulations. In this agreement, Tortola Packaging, Inc. pledges its stock shares as collateral to Tortola Company IV LLC. These stock shares act as a security interest and guarantee for the repayment of the debt or fulfillment of the obligation. By pledging its stock, Tortola Packaging, Inc. enables Tortola Company IV LLC to have recourse in case of default or non-compliance with the terms of the agreement. It is important to note that there can be variations or different types of Missouri Stock Pledge Agreements by Tortola Company IV LLC for Tortola Packaging, Inc., each tailor-made to serve specific purposes or address different obligations. However, the basic structure and functioning of these agreements remain similar. Key Features of the Missouri Stock Pledge Agreement: 1. Parties Involved: The agreement specifically names Tortola Company IV LLC as the pledge and Tortola Packaging, Inc. as the pledge. 2. Stock Pledge: Tortola Packaging, Inc. pledges a specific number of its stock shares to Tortola Company IV LLC as collateral. 3. Security Interest: The pledged stock shares act as a security interest, ensuring that Tortola Company IV LLC has a claim on them in case of default. 4. Obligations Covered: The agreement defines the obligations or debts to which the stock pledge applies. These obligations can include loans, financial investments, or any other contractual agreements. 5. Default Terms: The agreement outlines the conditions under which default or non-compliance occurs, specifying the actions Tortola Company IV LLC may take in such instances. 6. Remedies and Enforcement: In case of a default, the agreement outlines the rights of Tortola Company IV LLC to enforce the stock pledge, including the ability to sell the pledged shares to recover the outstanding obligations. 7. Representations and Warranties: Both parties provide assurances that they have the authority and capacity to enter into the agreement. They also confirm the ownership and valuation of the pledged stock shares. 8. Governing Law: The Missouri Stock Pledge Agreement is governed by the laws of the state of Missouri. Any disputes will be resolved according to the designated jurisdiction. Overall, the Missouri Stock Pledge Agreement serves as a vital legal document that protects the interests of Tortola Company IV LLC by providing a means of securing its debt or obligations through the pledging of stock shares owned by Tortola Packaging, Inc. This agreement outlines the terms, conditions, and rights of both parties, ensuring a clear and enforceable framework for their financial relationship.

Missouri Stock Pledge Agreement: A Comprehensive Overview of Tortola Company IV LLC's Agreement with Tortola Packaging, Inc. A Missouri Stock Pledge Agreement is a legal contract signed between Tortola Company IV LLC and Tortola Packaging, Inc., with the purpose of securing a debt or obligation owed by Tortola Packaging, Inc. to Tortola Company IV LLC. This agreement is specifically tailored to Missouri state laws and regulations. In this agreement, Tortola Packaging, Inc. pledges its stock shares as collateral to Tortola Company IV LLC. These stock shares act as a security interest and guarantee for the repayment of the debt or fulfillment of the obligation. By pledging its stock, Tortola Packaging, Inc. enables Tortola Company IV LLC to have recourse in case of default or non-compliance with the terms of the agreement. It is important to note that there can be variations or different types of Missouri Stock Pledge Agreements by Tortola Company IV LLC for Tortola Packaging, Inc., each tailor-made to serve specific purposes or address different obligations. However, the basic structure and functioning of these agreements remain similar. Key Features of the Missouri Stock Pledge Agreement: 1. Parties Involved: The agreement specifically names Tortola Company IV LLC as the pledge and Tortola Packaging, Inc. as the pledge. 2. Stock Pledge: Tortola Packaging, Inc. pledges a specific number of its stock shares to Tortola Company IV LLC as collateral. 3. Security Interest: The pledged stock shares act as a security interest, ensuring that Tortola Company IV LLC has a claim on them in case of default. 4. Obligations Covered: The agreement defines the obligations or debts to which the stock pledge applies. These obligations can include loans, financial investments, or any other contractual agreements. 5. Default Terms: The agreement outlines the conditions under which default or non-compliance occurs, specifying the actions Tortola Company IV LLC may take in such instances. 6. Remedies and Enforcement: In case of a default, the agreement outlines the rights of Tortola Company IV LLC to enforce the stock pledge, including the ability to sell the pledged shares to recover the outstanding obligations. 7. Representations and Warranties: Both parties provide assurances that they have the authority and capacity to enter into the agreement. They also confirm the ownership and valuation of the pledged stock shares. 8. Governing Law: The Missouri Stock Pledge Agreement is governed by the laws of the state of Missouri. Any disputes will be resolved according to the designated jurisdiction. Overall, the Missouri Stock Pledge Agreement serves as a vital legal document that protects the interests of Tortola Company IV LLC by providing a means of securing its debt or obligations through the pledging of stock shares owned by Tortola Packaging, Inc. This agreement outlines the terms, conditions, and rights of both parties, ensuring a clear and enforceable framework for their financial relationship.