Extract to table

As used in this Agreement, the following terms shall have the following meanings: "Collateral Agent" WJA Draft: "Collateral Agent" means Pinnacle Trust & Agency Services Inc

Third, the distinction between a security interest and a transfer of title is fundamental to the characterization of this transaction under applicable law and must be clearly stated to avoid recharacterization risk

WJA Draft: Each Pledgor shall cause the pledge to be registered or noted in the books and records of each Pledged Entity

113, charges on the shares of a Cyprus company must be registered with the Registrar within 42 days of the date of creation

This is a critical perfection step that must be specifically addressed in the Agreement

Any such existing share pledges must be released at or prior to the closing of the Facility in order for the representation in this Section 3