FR EA

Extract to table

Pull the structured facts out of a document: parties, dates, amounts, obligations.

Extract to table / security-pledge-agreement-draft.docx
security-pledge-agreement-draft.docx · 1022-00006

Parties

Northgate Telecommunications PLC
Harkness LLP
Delaware General Corp

Dates

April 7, 2025
March 10, 2025

Amounts

$500,000,000
$300,000,000
$200,000,000
$125,000,000
$100,000,000
$75,000,000
$82,600,000
$826,000
$187.4
$22

Obligations

01 — Defined Terms As used in this Agreement, the following terms shall have the meanings set forth below: "Administrative Agent" means Pinnacle Atlantic Bank, N
02 — Interpretation and Construction (a) Capitalized terms used but not otherwise defined in this Agreement shall have the meanings ascribed to such terms in the Credit Agreement
All terms defined in the UCC and used but not otherwise defined in this Agreement or the Credit Agreement shall have the respective meanings ascribed to such terms in the UCC, as in effect from time to time
(d) The headings and captions in this Agreement are for convenience of reference only and shall not define, limit, or otherwise affect the meaning or interpretation of any provision of this Agreement
03 — Credit Agreement Controls In the event of any conflict or inconsistency between the terms and provisions of this Agreement and the terms and provisions of the Credit Agreement, the terms and provisions of the Credit Agreement shall govern and control; provided, however, that the foregoing shall not be construed to limit or otherwise affect the grant, perfection, or priority of the Security Interest in the Collateral as set forth herein, and with respect to the definition, creation, perfection, and enforcement of the Security Interest and the rights and remedies of the Collateral Agent with respect to the Collateral, the terms and provisions of this Agreement shall govern and control to the extent not inconsistent with the express terms of the Credit Agreement
01, the Company Collateral shall not include the following assets (collectively, the "Excluded Assets"): (a) Any FCC license, FCC authorization (including the Borrower's international Section 214 authorization), state PUC certification, or other governmental permit, license, or authorization, in each case to the extent that the grant of a security interest therein is prohibited or restricted by applicable law, regulation, or rule (including, without limitation, rules and regulations of the FCC restricting the encumbrance of broadcast or common carrier licenses); provided that the grant of the Security Interest in any such Excluded Asset shall automatically attach, and such asset shall automatically become part of the Company Collateral, immediately upon any such prohibition or restriction ceasing to be applicable