APPLICABILITY PROVISIONS OF SECURITY TRUSTEE RIGHTS PLEDGE AGREEMENT Sample Clauses

APPLICABILITY PROVISIONS OF SECURITY TRUSTEE RIGHTS PLEDGE AGREEMENT. The provisions of the Security Trustee Rights Pledge Agreement entered into by, inter alia, the CBC and the Security Trustee are incorporated by reference into this Deed and to the pledge set out herein and the parties to this Deed are bound to the terms and conditions of the Security Trustee Rights Pledge Agreement as if they were a party to it including, but not limited to, (i) that the CBC on the date of this Deed represents and warrants to the Security Trustee the matters as set out in Clause [4] of the Security Trustee Rights Pledge Agreement in respect of the rights pledged herein and Clause [5] of the Security Trustee Rights Pledge Agreement, and (ii) that the Security Trustee Pledge Notification Events and the non-exercise set out in Clause [6.2] of the Security Trustee Rights Pledge Agreement shall be applicable to the rights pledged herein. (signature page follows) SIGNATURES VAN LANSCHOT XXXXXX XX COVERED BOND COMPANY B.V. by : by : title : title : STICHTING SECURITY TRUSTEE VAN LANSCHOT XXXXXX XX COVERED BOND COMPANY by : by : title : title : [NEW TRANSFEROR]/[SWAP COUNTERPARTY]/[CBC ACCOUNT BANK]/[INSERT NAME OTHER PARTY] by : by :
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APPLICABILITY PROVISIONS OF SECURITY TRUSTEE RIGHTS PLEDGE AGREEMENT. The provisions of the Security Trustee Rights Pledge Agreement entered into by, inter alia, the CBC and the Security Trustee are incorporated by reference into this Deed and to the pledge set out herein and the parties to this Deed are bound to the terms and conditions of the Security Trustee Rights Pledge Agreement as if they were a party to it including, but not limited to, (i) that the CBC on the date of this Deed represents and warrants to the Security Trustee the matters as set out in Clause 4 in respect of the rights pledged herein and Clause 5, and (ii) that the Security Trustee Pledge Notification Events and the non-exercise set out in Clause 6.2 shall be applicable to the rights pledged herein. (signature page follows) SIGNATURES ACHMEA SB COVERED BOND COMPANY B.V. by : title : STICHTING SECURITY TRUSTEE ACHMEA SB COVERED BOND COMPANY by : title : [NEW TRANSFEROR]/[SWAP COUNTERPARTY]/[CBC ACCOUNT BANK]/[CBC BACK-UP ACCOUNT BANK]/[CBC BACK-UP ACCOUNT AGENT]/[INSERT NAME OTHER PARTY] by : title : SCHEDULE 2 FORM OF NOTICE OF PLEDGE To Address : [Achmea Hypotheken Collection Hypotheken] : [•] Foundation/Achmea Fax number Attn. Email : [•] : [•] : [•] Date: [•] Ladies and Gentlemen, With this letter we notify you of the disclosed pledge (the "Pledge") that we created in favour of Stichting Security Trustee Achmea SB Covered Bond Company (the "Security Trustee") over the [Achmea Hypotheken Collection Foundation Documents Rights/CBC MPA Rights] for the due and punctual payment of all Secured Liabilities. The Pledge is created pursuant to the Security Trustee Rights Pledge Agreement, dated 7 June 2021 between, among others, the Security Trustee and the undersigned as pledgor (the "Pledge Agreement"). Under the Pledge Agreement, we are authorised to collect until the Security Trustee or we inform you that this authorisation has been terminated, at which time the Security Trustee or we will instruct you as to the bank account into which further payments are to be made. This letter is governed by and construed in accordance with Dutch law. By countersigning this letter you confirm receipt hereof and agree that the courts in Amsterdam, the Netherlands, have exclusive jurisdiction to settle any dispute arising out of or in connection with this letter. Thank you for your cooperation. Yours faithfully, ACHMEA SB COVERED BOND COMPANY B.V. by : by : title : title : For agreement and confirmation of receipt: [ACHMEA HYPOTHEKEN COLLECTION FOUNDATION] [ACHMEA HYPOTH...
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Related to APPLICABILITY PROVISIONS OF SECURITY TRUSTEE RIGHTS PLEDGE AGREEMENT

  • Grant of Security Interest/Remedies To secure its obligations under this Agreement and to the extent Seller delivers the Collateral Requirement, as applicable, hereunder, Seller hereby grants to Buyer, as the secured party, a first priority security interest in, and lien on (and right of setoff against), and assignment of, all such Collateral Requirement posted with Buyer in the form of cash or Letter of Credit and any and all proceeds resulting therefrom or the liquidation thereof, whether now or hereafter held by, on behalf of, or for the benefit of, Buyer. Within thirty (30) days of the delivery of the Collateral Requirement, Seller agrees to take such action as Buyer reasonably requires in order to perfect a first-priority security interest in, and lien on (and right of setoff against), such Collateral Requirement and any and all proceeds resulting therefrom or from the liquidation thereof. Upon or any time after the occurrence of an Event of Default, an Early Termination Date or an occasion provided for in this Agreement where Buyer is authorized to retain all or a portion of the Collateral Requirement, Buyer may do any one or more of the following: (a) exercise any of the rights and remedies of a secured party with respect to the Collateral Requirement, as applicable, including any such rights and remedies under Law then in effect; (b) exercise its rights of setoff against any and all property of Seller in the possession of the Buyer or Buyer’s agent; (c) draw on any outstanding Letter of Credit issued for its benefit or retain any cash deposit; and (d) liquidate the Collateral Requirement then held by or for the benefit of Buyer free from any claim or right of any nature whatsoever of Seller, including any equity or right of purchase or redemption by Seller. Buyer shall apply the proceeds of the collateral realized upon the exercise of any such rights or remedies to reduce Seller’s obligations under the Agreement (Seller remaining liable for any amounts owing to Buyer after such application), subject to the Buyer’s obligation to return any surplus proceeds remaining after such obligations are satisfied in full.

  • Perfection of Security Interest Each Borrower shall take all action that may be necessary or desirable, or that Agent may request, so as at all times to maintain the validity, perfection, enforceability and priority of Agent’s security interest in and Lien on the Collateral or to enable Agent to protect, exercise or enforce its rights hereunder and in the Collateral, including, but not limited to, (i) immediately discharging all Liens other than Permitted Encumbrances, (ii) obtaining Lien Waiver Agreements, (iii) delivering to Agent, endorsed or accompanied by such instruments of assignment as Agent may specify, and stamping or marking, in such manner as Agent may specify, any and all chattel paper, instruments, letters of credits and advices thereof and documents evidencing or forming a part of the Collateral, (iv) entering into warehousing, lockbox and other custodial arrangements satisfactory to Agent, and (v) executing and delivering financing statements, control agreements, instruments of pledge, mortgages, notices and assignments, in each case in form and substance satisfactory to Agent, relating to the creation, validity, perfection, maintenance or continuation of Agent’s security interest and Lien under the Uniform Commercial Code or other Applicable Law. By its signature hereto, each Borrower hereby authorizes Agent to file against such Borrower, one or more financing, continuation or amendment statements pursuant to the Uniform Commercial Code in form and substance satisfactory to Agent (which statements may have a description of collateral which is broader than that set forth herein). All charges, expenses and fees Agent may incur in doing any of the foregoing, and any local taxes relating thereto, shall be charged to Borrowers’ Account as a Revolving Advance of a Domestic Rate Loan and added to the Obligations, or, at Agent’s option, shall be paid to Agent for its benefit and for the ratable benefit of Lenders immediately upon demand.

  • Consent of Securities Regulators to Amendment Except for amendments made under Part 3, the securities regulators with jurisdiction must approve any amendment to this Agreement and will apply mutual reliance principles in reviewing any amendments that are filed with them. Therefore, the consent of the Principal Regulator will evidence the consent of all securities regulators with jurisdiction.

  • Enforcement Provisions While Contractors and their Representatives are expected to self-monitor their compliance with this Contractor Code of Conduct, the provisions of this Code are enforceable by LAUSD. Enforcement measures can be taken by LAUSD’s Procurement Services Group or Facilities Contracts Branch in consultation with the Contract Sponsor, the Ethics Office, the Office of the General Counsel, and the Office of the Inspector General. The Office of the Inspector General may also refer matters to the appropriate authorities for further action.

  • ORDER OF PRIORITY In the case of any conflict between or within this Agreement, the following order of priority shall be utilized: 1) General Provisions, 2) Special Provisions, 3) Scope of Work, and, 4)

  • Grant of Security Interest All Cash Collateral (other than credit support not constituting funds subject to deposit) shall be maintained in blocked, non-interest bearing deposit accounts at Bank of America. The Borrower, and to the extent provided by any Lender, such Lender, hereby grants to (and subjects to the control of) the Administrative Agent, for the benefit of the Administrative Agent, the L/C Issuer and the Lenders (including the Swing Line Lender), and agrees to maintain, a first priority security interest in all such cash, deposit accounts and all balances therein, and all other property so provided as collateral pursuant hereto, and in all proceeds of the foregoing, all as security for the obligations to which such Cash Collateral may be applied pursuant to Section 2.14(c). If at any time the Administrative Agent determines that Cash Collateral is subject to any right or claim of any Person other than the Administrative Agent as herein provided, or that the total amount of such Cash Collateral is less than the applicable Fronting Exposure and other obligations secured thereby, the Borrower or the relevant Defaulting Lender will, promptly upon demand by the Administrative Agent, pay or provide to the Administrative Agent additional Cash Collateral in an amount sufficient to eliminate such deficiency.

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