Salt Lake Utah Stock Pledge Agreement by Portola Company IV LLC for Portola Packaging, Inc.

• Category: Corporations - Public - Stocks
• State: Multi-State
• County: Salt Lake
• 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 Salt Lake Utah 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 agreement between Tortola Company IV LLC and Tortola Packaging, Inc. This agreement pertains specifically to the Salt Lake Utah stock held by Tortola Company IV LLC. The primary purpose of this agreement is to establish a collateral for a loan or other financial transaction. By pledging their Salt Lake Utah stock, Tortola Company IV LLC provides a form of security to the lender, Tortola Packaging, Inc., to protect their investment in the event of default or non-payment. The agreement outlines the details of the pledged stock, including the number of shares held, their par value, and any restrictions or limitations on the stock. It also specifies the duration of the pledge, which may be for a specific period or until the fulfillment of certain conditions. Additionally, the agreement will include provisions regarding the rights and responsibilities of both parties. This can cover matters such as dividend payments, stockholder voting rights, and transferability of the pledged stock. The agreement may also address procedures for stock redemption or sale, in case of default or other triggering events. It is important to note that while this description pertains to a specific Salt Lake Utah Stock Pledge Agreement by Tortola Company IV LLC for Tortola Packaging, Inc., there may be variations or additional types of stock pledge agreements depending on the specific circumstances or requirements of the parties involved. These variations could include agreements for different stocks held in other locations or by different entities within the Tortola corporate structure.

Salt Lake Utah 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 agreement between Tortola Company IV LLC and Tortola Packaging, Inc. This agreement pertains specifically to the Salt Lake Utah stock held by Tortola Company IV LLC. The primary purpose of this agreement is to establish a collateral for a loan or other financial transaction. By pledging their Salt Lake Utah stock, Tortola Company IV LLC provides a form of security to the lender, Tortola Packaging, Inc., to protect their investment in the event of default or non-payment. The agreement outlines the details of the pledged stock, including the number of shares held, their par value, and any restrictions or limitations on the stock. It also specifies the duration of the pledge, which may be for a specific period or until the fulfillment of certain conditions. Additionally, the agreement will include provisions regarding the rights and responsibilities of both parties. This can cover matters such as dividend payments, stockholder voting rights, and transferability of the pledged stock. The agreement may also address procedures for stock redemption or sale, in case of default or other triggering events. It is important to note that while this description pertains to a specific Salt Lake Utah Stock Pledge Agreement by Tortola Company IV LLC for Tortola Packaging, Inc., there may be variations or additional types of stock pledge agreements depending on the specific circumstances or requirements of the parties involved. These variations could include agreements for different stocks held in other locations or by different entities within the Tortola corporate structure.