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pledge |
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pledge 1. Law a person who binds himself, as by becoming bail or surety for another 2. take or sign the pledge to make a vow to abstain from alcoholic drink How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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The agreement assigns the dividend and voting rights on the pledged stock to the pledgor (not A), as long as there is no default on the note. The terms of the perpetual notes prohibit the issuer (National Steel), the guarantor (Acos), and Pledgor (Vicunha) from incurring material additional indebtedness. E[acute accent]The terms of the perpetual notes prohibit the issuer (National Steel), the guarantor (Acos), and Pledgor (Vicunha) from incurring material additional indebtedness. |
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