Nature of the Pledge Sample Clauses

Nature of the Pledge. It is expressly acknowledged by the Buyers that, notwithstanding any right or authority granted to the Buyers herein or in any other agreement or instrument to deal with the Collateral, it is the intention of the Buyers and the Secured Party that: (i) effective as of the date hereof, the Pledge will operate and be construed as a fixed and specific charge of all Collateral in respect of which the Buyers currently have rights, and as a fixed and specific charge of all after-acquired Collateral which will attach forthwith upon the Buyers acquiring rights therein, and (ii) the Pledge will neither operate nor be construed as a floating charge.
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Nature of the Pledge. 4.1 The illegality or invalidity of the whole or part of the Loan Agreement and Service Agreement, and all other guarantees for them shall not affect the validity of this Agreement and/or the obligations and responsibilities of Pledgors of this Agreement.
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Nature of the Pledge. 8.1 质押应不受质押权人持有的义务上的任何其他质押或担保权益的影响， 并且不影响其他质押和担保权益的效力。 This Pledge shall not be affected by any other pledge or security interest of the obligation held by the Pledgee, and shall not affect the effectiveness and validity of any other pledge and security interest.
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Related to Nature of the Pledge

  • Term of the Pledge shall refer to the term set forth in Section 3 of this Agreement.

  • The Pledge As collateral security for the timely and complete payment and performance when due (whether at stated maturity, by acceleration or otherwise) of any or all of the payments due by Party C, including without limitation the consulting and services fees payable to the Pledgee under the Business Cooperation Agreement, Pledgor hereby pledges to Pledgee a first security interest in all of Pledgor’s right, title and interest, whether now owned or hereafter acquired by Pledgor, in the Equity Interest of Party C.

  • Exercise of the Pledge 8.1 The Pledgee shall issue a written Notice of Default to the Pledgor when it exercises the Pledge.

  • ENFORCEMENT OF THE PLEDGE 6.1 If (i) an Enforcement Event has occurred and is continuing and (ii) the requirements set forth in Sections 1273 para 2, 1204 et seq. of the German Civil Code with regard to the enforcement of the Pledges are met (Pfandreife), in particular, if any of the Obligations have become due and payable, then in order to enforce the Pledges, the Collateral Agent (acting on the instructions of the Secured Parties) may at any time thereafter avail itself of all rights and remedies that a pledgee has against a pledgor under the laws of the Federal Republic of Germany.

  • of the Pledge Agreement Upon the occurrence of a Termination Event, the Company shall promptly but in no event later than two Business Days thereafter give written notice to the Agent, the Collateral Agent and to the Holders, at their addresses as they appear in the Register.

  • UNDERTAKINGS OF THE PLEDGOR Unless otherwise permitted by the Principal Finance Documents, during the term of this Agreement, the Pledgor undertakes to the Pledgee:

  • THE PLEDGEE AS AGENT The Pledgee will hold in accordance with this Agreement all items of the Collateral at any time received under this Agreement. It is expressly understood and agreed by each Secured Creditor that by accepting the benefits of this Agreement each such Secured Creditor acknowledges and agrees that the obligations of the Pledgee as holder of the Collateral and interests therein and with respect to the disposition thereof, and otherwise under this Agreement, are only those expressly set forth in this Agreement. The Pledgee shall act hereunder on the terms and conditions set forth herein and in Section 12 of the Credit Agreement.

  • Method of Realizing Upon the Pledged Property Other Remedies. Upon the occurrence of an Event of Default, in addition to any rights and remedies available at law or in equity, the following provisions shall govern the Secured Party's right to realize upon the Pledged Property:

  • Method of Realizing Upon the Pledged Property: Other Remedies Upon the occurrence of an Event of Default, in addition to any rights and remedies available at law or in equity, the following provisions shall govern the Secured Party’s right to realize upon the Pledged Property:

  • Delivery of the Pledged Collateral Each Pledgor hereby agrees that:

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