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

• Category: Corporations - Public - Stocks
• State: Multi-State
• County: Hillsborough
• 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 Hillsborough Florida Stock Pledge Agreement by Tortola Company IV LLC for Tortola Packaging, Inc. is a legal document that secures the interests of Tortola Packaging, Inc. in the company's stock. This agreement serves as a means to guarantee repayment of any obligations or loans owed by Tortola Packaging, Inc. to Tortola Company IV LLC. By entering into this Stock Pledge Agreement, Tortola Packaging, Inc. pledges a specified number of shares of its stock as collateral for any debts or obligations it may have. These shares are located in Hillsborough County, Florida, and are held under the control of Tortola Company IV LLC until the obligations are fulfilled. The agreement outlines the terms and conditions under which the pledged stock may be sold or transferred. It also highlights the consequences of defaulting on repayment obligations, including the potential for Tortola Company IV LLC to exercise ownership rights over the pledged shares. Additionally, the Hillsborough Florida Stock Pledge Agreement may have different types depending on the specific arrangement between Tortola Company IV LLC and Tortola Packaging, Inc. For instance, variations may include: 1. Limited Pledge Agreement: This type of agreement may detail specific limitations or restrictions on the sale or transfer of the pledged stock. 2. Full Pledge Agreement: In contrast to a limited pledge agreement, this type encompasses the complete pledge of stock, granting Tortola Company IV LLC broader control over the pledged shares. 3. Renewal/Extension Agreement: This type of agreement is signed when the original agreement's term expires, extending the timeframe for fulfilling the obligations or renewing them. 4. Partial Pledge Agreement: In certain cases, only a portion of the stock may be pledged, potentially offering more flexibility to Tortola Packaging, Inc. In conclusion, the Hillsborough Florida Stock Pledge Agreement executed by Tortola Company IV LLC for Tortola Packaging, Inc. provides a legal framework to secure the company's obligations by pledging stock as collateral. Different types of this agreement, such as limited, full, renewal/extension, or partial pledge agreements, may exist, depending on the specific terms agreed upon by the parties involved.

The Hillsborough Florida Stock Pledge Agreement by Tortola Company IV LLC for Tortola Packaging, Inc. is a legal document that secures the interests of Tortola Packaging, Inc. in the company's stock. This agreement serves as a means to guarantee repayment of any obligations or loans owed by Tortola Packaging, Inc. to Tortola Company IV LLC. By entering into this Stock Pledge Agreement, Tortola Packaging, Inc. pledges a specified number of shares of its stock as collateral for any debts or obligations it may have. These shares are located in Hillsborough County, Florida, and are held under the control of Tortola Company IV LLC until the obligations are fulfilled. The agreement outlines the terms and conditions under which the pledged stock may be sold or transferred. It also highlights the consequences of defaulting on repayment obligations, including the potential for Tortola Company IV LLC to exercise ownership rights over the pledged shares. Additionally, the Hillsborough Florida Stock Pledge Agreement may have different types depending on the specific arrangement between Tortola Company IV LLC and Tortola Packaging, Inc. For instance, variations may include: 1. Limited Pledge Agreement: This type of agreement may detail specific limitations or restrictions on the sale or transfer of the pledged stock. 2. Full Pledge Agreement: In contrast to a limited pledge agreement, this type encompasses the complete pledge of stock, granting Tortola Company IV LLC broader control over the pledged shares. 3. Renewal/Extension Agreement: This type of agreement is signed when the original agreement's term expires, extending the timeframe for fulfilling the obligations or renewing them. 4. Partial Pledge Agreement: In certain cases, only a portion of the stock may be pledged, potentially offering more flexibility to Tortola Packaging, Inc. In conclusion, the Hillsborough Florida Stock Pledge Agreement executed by Tortola Company IV LLC for Tortola Packaging, Inc. provides a legal framework to secure the company's obligations by pledging stock as collateral. Different types of this agreement, such as limited, full, renewal/extension, or partial pledge agreements, may exist, depending on the specific terms agreed upon by the parties involved.