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

• Category: Corporations - Public - Stocks
• State: Multi-State
• County: Fairfax
• 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 Fairfax Virginia 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. This agreement is specific to Tortola Company IV LLC, an entity based in Fairfax, Virginia, and its stock holding in Tortola Packaging, Inc. Tortola Company IV LLC is pledging its stock in Tortola Packaging, Inc. as collateral for a loan or as security for a contractual obligation. This stock pledge agreement provides lenders or other parties with assurance that they will have a claim on the pledged stock in case of default or breach of the loan or obligation. Through this agreement, Tortola Company IV LLC agrees to grant a security interest in its stock of Tortola Packaging, Inc. to the lender or creditor. Moreover, it specifies the conditions and restrictions under which the pledged stock can be transferred, sold, or otherwise disposed of by Tortola Company IV LLC. There may be different types of Fairfax Virginia Stock Pledge Agreements by Tortola Company IV LLC for Tortola Packaging, Inc., such as: 1. Standard Stock Pledge Agreement: This is a typical agreement used when Tortola Company IV LLC pledges its stock in Tortola Packaging, Inc. as collateral for a loan from a financial institution. 2. Security Agreement: In certain cases, this agreement may be combined with a broader security agreement that covers additional collateral or assets apart from the stock. 3. Restricted Stock Pledge Agreement: This type of agreement might be applicable when the pledged stock is subject to certain restrictions, such as being unregistered or subject to lock-up provisions. 4. Subordination Agreement: If there are multiple creditors or lenders involved, a subordination agreement may be executed to establish the priority of the stock pledge in relation to other debts or obligations. In summary, the Fairfax Virginia Stock Pledge Agreement by Tortola Company IV LLC for Tortola Packaging, Inc. is a legally binding contract that outlines the terms and conditions of pledging stock as collateral. It serves as a means of securing a loan or fulfilling a contractual obligation while ensuring the rights and claims of lenders or creditors.

The Fairfax Virginia 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. This agreement is specific to Tortola Company IV LLC, an entity based in Fairfax, Virginia, and its stock holding in Tortola Packaging, Inc. Tortola Company IV LLC is pledging its stock in Tortola Packaging, Inc. as collateral for a loan or as security for a contractual obligation. This stock pledge agreement provides lenders or other parties with assurance that they will have a claim on the pledged stock in case of default or breach of the loan or obligation. Through this agreement, Tortola Company IV LLC agrees to grant a security interest in its stock of Tortola Packaging, Inc. to the lender or creditor. Moreover, it specifies the conditions and restrictions under which the pledged stock can be transferred, sold, or otherwise disposed of by Tortola Company IV LLC. There may be different types of Fairfax Virginia Stock Pledge Agreements by Tortola Company IV LLC for Tortola Packaging, Inc., such as: 1. Standard Stock Pledge Agreement: This is a typical agreement used when Tortola Company IV LLC pledges its stock in Tortola Packaging, Inc. as collateral for a loan from a financial institution. 2. Security Agreement: In certain cases, this agreement may be combined with a broader security agreement that covers additional collateral or assets apart from the stock. 3. Restricted Stock Pledge Agreement: This type of agreement might be applicable when the pledged stock is subject to certain restrictions, such as being unregistered or subject to lock-up provisions. 4. Subordination Agreement: If there are multiple creditors or lenders involved, a subordination agreement may be executed to establish the priority of the stock pledge in relation to other debts or obligations. In summary, the Fairfax Virginia Stock Pledge Agreement by Tortola Company IV LLC for Tortola Packaging, Inc. is a legally binding contract that outlines the terms and conditions of pledging stock as collateral. It serves as a means of securing a loan or fulfilling a contractual obligation while ensuring the rights and claims of lenders or creditors.