Cession and Pledge Sample Clauses

Cession and Pledge. 12.1. Insofar as is permitted in law, You hereby cede to and in our favour all of your rights, titles and interests in and to the Financial Products as a general continuing covering or collateral security for the due performance and discharge of any indebtedness arising towards us should your account become overdrawn, including specifically but without limitation default interest, finance charges, commissions, the cost of recovery and realisation. 12.2. You hereby authorise us, in our sole discretion, to do all such things as may be necessary to effect the cession in clause 11.1 through making the appropriate entries in the central securities account or securities account in which the Financial Products are held. 12.3. You hereby authorise and empower us to advise all other parties under the Financial Products of our rights hereunder. 12.4. Should your account become overdrawn and we accordingly become entitled to exercise our rights you hereby authorise us to: 12.4.1. instruct all other parties under the Financial Products to effect payment thereunder directly to us; 12.4.2. receive and grant receipts in our own name for all or any interest, dividends, income and benefits arising from or by virtue of the Financial Products ceded and/or pledged hereunder and to apply such sum(s) so recovered in reduction of your indebtedness to us or to pay the same over to the you as we may deem fit; FNBGF V2.0 30.10.23 MC.14261 12.4.3. without obtaining a court order and in our sole discretion, sell, call up, set-off, collect, otherwise realise or dispose of the Financial Products or any of them in such manner and on such conditions as we may deem necessary and to grant valid and effectual receipts for all sums of money paid to us in respect of any such sale, calling up, set-off, collection, realisation and/or disposal and to apply the proceeds of any such sale, calling up, set-off, collection or realisation after deducting all costs to settling the overdrawn account in full. FNB Share Investing. A business unit of FirstRand Bank Limited. An authorised Financial Services Provider (FSP 3071). Page 5 of 7
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Cession and Pledge. 10.1. You hereby cede to and in our favour all of your rights, titles and interests in and to the Financial Products as a general continuing covering or collateral security for the due performance and discharge of any indebtedness arising towards us should your account become overdrawn, including specifically but without limitation default interest, finance charges, commissions, the cost of recovery and realisation. 10.2. You hereby authorise us, in our sole discretion, to do all such things as may be necessary to effect the cession in clause 11.1 through making the appropriate entries in the central securities account or securities account in which the Financial Products are held. 10.3. You hereby authorise and empower us to advise all other parties under the Financial Products of our rights hereunder. 10.4. Should your account become overdrawn and we accordingly become entitled to exercise our rights you hereby authorise us to: 10.4.1. instruct all other parties under the Financial Products to effect payment thereunder directly to us, 10.4.2. receive and grant receipts in our own name for all or any interest, dividends, income and benefits arising from or by virtue of the Financial Products ceded and/or pledged hereunder and to apply such sum(s) so recovered in reduction of your indebtedness to us or to pay the same over to the you as we may deem fit; 10.4.3. without obtaining a court order and in our sole discretion, sell, call up, set-off, collect, otherwise realise or dispose of the Financial Products or any of them in such manner and on such conditions as we may deem necessary and to grant valid and effectual receipts for all sums of money paid to us in respect of any such sale, calling up, set-off, collection, realisation and/or disposal and to apply the proceeds of any such sale, calling up, set-off, collection or realisation after deducting all costs to settling the overdrawn account in full.
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Cession and Pledge. 9 5. WARRANTIES, REPRESENTATIONS AND UNDERTAKINGS BY THE PLEDGOR..........
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Cession and Pledge. With effect from the Effective Date, the Pledgor hereby pledges to Nedbank all of the ARM Shares and cedes in securitatem debiti to Nedbank all of the Rights and Interests, as a continuing general covering collateral security for the due, proper and timeous payment and performance in full of all of the Secured Obligations, on the terms and conditions set out in this Agreement, which pledge and cession Nedbank hereby accepts.
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Cession and Pledge. The Parent hereby pledges to the Lender all of the Pledged Shares and cedes in securitatem debiti to the Lender all of the Rights and Interests, as a continuing general covering collateral security for the due, proper and timeous payment and performance in full of all of the Secured Obligations, on the terms and conditions set out in this Agreement, which pledge and cession the Lender hereby accepts.
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Cession and Pledge. WARRANTIES AND REPRESENTATIONS IN RESPECT OF THE RIGHTS AND INTERESTS........................................................ 7 7. REALISATION.......................................................... 9 8.
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Cession and Pledge. With effect from the Effective Date, the Cedent hereby cedes in securitatem debiti to the South African Finance Parties jointly and severally the Rights and Interests as security for the due, proper and timeous payment and performance in full of all of the Secured Obligations, on the terms and conditions set out in this Agreement, which cession the South African Finance Parties hereby accept.
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Related to Cession and Pledge

  • Succession and Transfer Each and all of the provisions of this Agreement are binding upon and inure to the benefit of the Company and the Recipient and their permitted successors, assigns and legal representatives.

  • Assignments and transfer by Obligors No Obligor may assign any of its rights or transfer any of its rights or obligations under the Finance Documents.

  • Prior Assignments; Pledges Except for the sale to the Assignee, the Assignor has not assigned or pledged any Mortgage Note or the related Mortgage or any interest or participation therein.

  • Merger, Consolidation, Succession or Assignment Any Person (a) into which the Administrator is merged or consolidated, (b) resulting from a merger or consolidation to which the Administrator is a party, (c) succeeding to the Administrator’s business or (d) that is an Affiliate of the Administrator to whom the Administrator has assigned this Agreement, will be the successor to the Administrator under this Agreement. Such Person will execute and deliver to the Issuer, the Owner Trustee and the Indenture Trustee an agreement to assume the Administrator’s obligations under this Agreement (unless the assumption happens by operation of law).

  • CESSION AND ASSIGNMENT The Service Provider shall not cede, assign, abandon or transfer any of its rights and/or obligations in terms of this Agreement (whether in part or in whole) or delegate any of its obligations in terms of this Agreement, without the prior written consent of the Fund.

  • Further Assurances; Financing Statements (a) The Borrower agrees that at any time and from time to time, at its expense and upon reasonable request of the Facility Agent or the Collateral Agent, it shall promptly execute and deliver all further instruments and documents, and take all reasonable further action, that is necessary or desirable to perfect and protect the assignments and security interests granted or purported to be granted by this Agreement or to enable the Collateral Agent or any of the Secured Parties to exercise and enforce its rights and remedies under this Agreement with respect to any Collateral. Without limiting the generality of the foregoing, the Borrower authorizes the filing of such financing or continuation statements, or amendments thereto, and such other instruments or notices as may be necessary or desirable or that the Collateral Agent (acting solely at the Facility Agent’s request) may reasonably request to protect and preserve the assignments and security interests granted by this Agreement. Such financing statements filed against the Borrower may describe the Collateral in the same manner specified in Section 12.1 or in any other manner as the Facility Agent may reasonably determine is necessary to ensure the perfection of such security interest (without disclosing the names of, or any information relating to, the Obligors thereunder), including describing such property as all assets or all personal property of the Borrower whether now owned or hereafter acquired. (b) The Borrower and each Secured Party hereby severally authorize the Collateral Agent, upon receipt of written direction from the Facility Agent, to file one or more financing or continuation statements, and amendments thereto, relating to all or any part of the Collateral. (c) It shall furnish to the Collateral Agent and the Facility Agent from time to time such statements and schedules further identifying and describing the Related Security and such other reports in connection with the Collateral as the Collateral Agent (acting solely at the Facility Agent’s request) or the Facility Agent may reasonably request, all in reasonable detail.

  • Successor Trustee by Consolidation, Merger, etc If the Trustee consolidates with, merges or converts into, or transfers all or substantially all of its corporate trust assets to, another entity, subject to Section 7.10, the successor entity without any further act shall be the successor Trustee; provided such entity shall be otherwise qualified and eligible under this Article Seven.

  • Financing Statements, Etc The Grantor hereby authorizes the Secured Party to file (with a copy thereof to be provided to the Grantor contemporaneously therewith), at any time and from time to time thereafter, all financing statements, financing statement assignments, continuation financing statements, and UCC filings, in form reasonably satisfactory to the Secured Party. The Grantor shall execute and deliver and shall take all other action, as the Secured Party may reasonably request, to perfect and continue perfected, maintain the priority of or provide notice of the security interest of the Secured Party in the Collateral (subject to the terms hereof) and to accomplish the purposes of this Agreement. Without limiting the generality of the foregoing, the Grantor ratifies and authorizes the filing by the Secured Party of any financing statements filed prior to the date hereof that accomplish the purposes of this Agreement.

  • Succession and Assignment This Agreement shall be binding upon and inure to the benefit of the Parties named herein and their respective successors and permitted assigns. No Party may assign either this Agreement or any of its rights, interests, or obligations hereunder without the prior written approval of the other Party.

  • Guaranties, Etc Assume, guaranty, endorse, or otherwise be or become directly or contingently responsible or liable, or permit any Subsidiary to assume, guaranty, endorse, or otherwise be or become directly or contingently responsible or liable (including, but not limited to, an agreement to purchase any obligation, stock, assets, goods, or services, or to supply or advance any funds, assets, goods, or services, or an agreement to maintain or cause such Person to maintain a minimum working capital or net worth, or otherwise to assure the creditors of any Person against loss) for obligations of any Person, except guaranties by endorsement of negotiable instruments for deposit or collection or similar transactions in the ordinary course of business.

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