Oregon 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 The Oregon Stock Pledge Agreement by Tortola Company IV LLC for Tortola Packaging, Inc. is a legally binding document that outlines the terms and conditions of a stock pledge arrangement between the two entities. This agreement serves as a security measure for Tortola Packaging, Inc., providing Tortola Company IV LLC the right to seize and sell the pledged stock in the event of default or breach by Tortola Packaging, Inc. The Oregon Stock Pledge Agreement protects the interests of Tortola Company IV LLC by securing a collateral against any potential losses resulting from loans or other financial obligations owed by Tortola Packaging, Inc. The agreement establishes the framework for the stock pledge, including the number of shares, their value, and the rights and responsibilities of both parties involved. By pledging its stock, Tortola Packaging, Inc. demonstrates its commitment to fulfilling its financial obligations, as failure to do so may result in the seizure and sale of the pledged shares. This agreement ensures that Tortola Company IV LLC has a means of recouping any potential losses in the event of default or non-compliance. Different types of Oregon Stock Pledge Agreements can exist based on various factors such as the number of shares being pledged, the duration of the pledge, and any additional clauses or conditions included. For example, there may be variations based on whether the agreement is for a specific loan or if it covers multiple financial obligations. Furthermore, the agreement may include provisions specifying whether the pledged stock can be transferred, redeemed, or otherwise dealt with during the term of the agreement. These variations are tailored to the specific needs and circumstances of the parties involved. In summary, the Oregon Stock Pledge Agreement by Tortola Company IV LLC for Tortola Packaging, Inc. serves as a safeguard for both parties by establishing a legally enforceable arrangement that allows Tortola Company IV LLC to seize and sell the pledged stock in the event of non-compliance or default on financial obligations by Tortola Packaging, Inc.

The Oregon Stock Pledge Agreement by Tortola Company IV LLC for Tortola Packaging, Inc. is a legally binding document that outlines the terms and conditions of a stock pledge arrangement between the two entities. This agreement serves as a security measure for Tortola Packaging, Inc., providing Tortola Company IV LLC the right to seize and sell the pledged stock in the event of default or breach by Tortola Packaging, Inc. The Oregon Stock Pledge Agreement protects the interests of Tortola Company IV LLC by securing a collateral against any potential losses resulting from loans or other financial obligations owed by Tortola Packaging, Inc. The agreement establishes the framework for the stock pledge, including the number of shares, their value, and the rights and responsibilities of both parties involved. By pledging its stock, Tortola Packaging, Inc. demonstrates its commitment to fulfilling its financial obligations, as failure to do so may result in the seizure and sale of the pledged shares. This agreement ensures that Tortola Company IV LLC has a means of recouping any potential losses in the event of default or non-compliance. Different types of Oregon Stock Pledge Agreements can exist based on various factors such as the number of shares being pledged, the duration of the pledge, and any additional clauses or conditions included. For example, there may be variations based on whether the agreement is for a specific loan or if it covers multiple financial obligations. Furthermore, the agreement may include provisions specifying whether the pledged stock can be transferred, redeemed, or otherwise dealt with during the term of the agreement. These variations are tailored to the specific needs and circumstances of the parties involved. In summary, the Oregon Stock Pledge Agreement by Tortola Company IV LLC for Tortola Packaging, Inc. serves as a safeguard for both parties by establishing a legally enforceable arrangement that allows Tortola Company IV LLC to seize and sell the pledged stock in the event of non-compliance or default on financial obligations by Tortola Packaging, Inc.