Collateral Pledge. The Loan Parties shall have effectively and validly pledged and perfected the Collateral contemplated by the Security Documents.
Collateral Pledge. GMACM acknowledges the first lien security interest of Xxxxxx Xxx and the validity and enforceability of the pledge of the Collateral previously made by it to secure obligations to Xxxxxx Mae under the Pledge Agreement. In the event the Settlement Amount is ever challenged by any person or entity, including the GMACM Parties or any person or entity acting under or on behalf of the GMACM Parties, including any trustee in bankruptcy, as a fraudulent transfer, a preferential payment, or on any other basis seeking to invalidate the Settlement Amount or return of the funds paid, the funds accepted by Xxxxxx Xxx as the Settlement Amount shall be considered to have been subject to a perfected first lien security interest and held as Collateral for the Lender Obligations (as defined in the Pledge Agreement) and other obligations of GMACM under this Agreement and shall be returned to such status to the extent any return of funds is required and Xxxxxx Mae reserves and retains all rights to assert and collect all Single Family Repurchase Obligations and Recourse Obligations with respect to the Covered Mortgages to the extent of funds so returned, as if this Agreement had not been made.
Collateral Pledge. Bank may transfer Collateral into its name or that of its nominee and may receive the income and any distributions thereon and hold the same as Collateral for the obligations due under this Agreement or the other Loan Documents , or apply the same to any obligations due under this Agreement or the Loan Documents, whether or not a default or Event of Default has occurred.
Collateral Pledge. At any time after an Event of Default has occurred and is continuing, the Agent may transfer Pledged Collateral into its name or that of its nominee.
Collateral Pledge. Borrower and Commnet shall have effectively and validly pledged and perfected the Collateral contemplated by the Security Documents, including the pledge of all of the capital stock of Borrower in Commnet, Guyana Telephone & Telegraph Company Limited and Choice Communications, LLC.
Collateral Pledge. On the Closing Date, as further security for payment of the Obligations and satisfaction by Borrowers of all covenants and undertakings contained in this Agreement and the other Loan Documents, Lender shall receive a collateral pledge from RUSA of all of the capital stock of each of the other Borrowers, to the extent not currently pledged to Lender.
Collateral Pledge. The Payee hereby agrees to grant to the General Partner and the Limited Partners jointly for the benefit and account of the relevant Fund a right of pledge on its rights under this Note as collateral security for the financial obligations of the Payee or, if the Payee is not a Partner, the Partner affiliated with the Payee, to contribute to the Partnership certain amounts received as payments under this Note pursuant to Section 2.11(b), 6.02(b), 6.05(c), 6.05(f) or 6.05(g) of the Partnership Agreement (the “Secured Obligations”), in connection with the relevant Fund, the relevant Fund being the Fund to which the Subject Partnership Investment belongs. In furtherance of the immediately preceding sentence, in order to secure the Secured Obligations (whether present or future, actual or contingent) in connection with the relevant Fund, Payee hereby pledges to the General Partner and the Limited Partners all of its present and future rights, title and interest in and to this Note, including, without limitation, the right to enforce all remedies against the relevant Coop or Subsidiary of such Coop in connection with such Direct Loan, and to all amounts (including principal and accrued and unpaid interest) due and payable on the Loan pursuant to this Note (the “Collateral”). In order to effectuate the above agreement, the Payee hereby, as the case may be in advance, pledges the Collateral to the General Partner and the Limited Partners as security for the payment when due of the Secured Obligations. The General Partner and the Limited Partners, as the case may be in advance, hereby accept this right of pledge. The Obligor acknowledges and confirms that it has received notice of the pledge over the Collateral under this Note. The General Partner and Limited Partners are authorised to collect the Collateral and to enter into compromises, settlements and other agreements with the Obligor, to grant discharge in respect of the Collateral and to exercise all other rights of the Payee in connection with the Collateral (including calling in the Collateral). The Payee further agrees, upon request of the General Partner or any Annex-H-5 #10338536v8 Limited Partner, to deliver to the General Partner and each Limited Partner such information from time to time as is necessary to enforce such remedies and collect such amounts. Without limiting the generality of the foregoing, the General Partner and the Limited Partners hereby authorise the Payee to collect the Collateral and...
Collateral Pledge. Bank may transfer Collateral into its name or that of its nominee and may receive the income and any distributions thereon and hold the same as Collateral for the Obligations, or apply the same to any Obligation, whether or not a Default or any Event of Default has occurred.
(n) Section 10.1 shall be amended to by deleting "Wolff & Samson" anx xxx adxxxxx therefor and replacing it with: "Emmet, Marvin & Maxxxx, XXX, 007 Mxxxxxx Avenue, Xxxxxxxxxx, Xxx Xxxxxx; Xxxxxxxxx: Xxxxx D. Beidner, Xxx."
Collateral Pledge. A Holder may pledge shares of capital stock of the Company owned by such Holder as collateral security for a loan; provided any sale, transfer or other disposition of the stock so pledged upon foreclosure or otherwise shall be subject to the terms and conditions of this Agreement and the right of first refusal purchase option in favor of the Company and the other Holders as set forth herein.
Collateral Pledge. Upon
(i) the request of the Agent, (A) if the Issuing Bank has honored any full or partial drawing request on any Letter of Credit and such drawing has resulted in an L/C Borrowing hereunder, or (B) if, as of the Revolving Termination Date, any Letters of Credit may for any reason remain outstanding and partially or wholly undrawn, or (ii) the occurrence of the circumstances described in Section 2.07 requiring the Company to Cash Collateralize Letters of Credit, then, the Company shall within two Business Days Cash Collateralize the L/C Obligations in an amount equal to such L/C Obligations. The two Business Days provided for in this Section is not intended to be in addition to the two Business Days provided in Section 2.07.
