EFFECTING OF THE PLEDGE Sample Clauses

EFFECTING OF THE PLEDGE. For the purposes of effecting the Pledge under Clause 2.1, the Pledgor hereby pledges to the Pledgee the Shares, Dividends and (to the extent legally permitted) Related Assets in respect of, or derived from, the Shares. The Pledgee hereby accepts the Pledge. The number of Shares pledged pursuant to Clause 2.1 and this Clause 2.2 at signing of this Agreement is set out in Annex 1.0. The Pledgee shall have the right, but not the obligation, to notify Astra of the Pledge.
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EFFECTING OF THE PLEDGE. For the purposes of effecting the Pledge under Clause 2.1, the Pledgor hereby pledges to the Pledgee the Pledged Assets. The Pledgee hereby accepts the Pledge. The Pledgor undertakes to execute all such instruments or documents and to take all appropriate steps for the purpose of perfecting the Pledge over the Pledged Assets.
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EFFECTING OF THE PLEDGE. Pledgor hereby agrees to pledge, and grant a first priority security interest in, effective as of the date upon which Pledgor defaults on any of its Secured Obligations (the “Default Date”), all Pledged Assets to the Pledgee and the Pledgee hereby accepts such Pledge.
Sample 1
EFFECTING OF THE PLEDGE. For the purposes of effecting the Pledge under Clause 2.1 the Pledgor hereby pledges effective on and as from the date hereof all Pledged Assets as a first ranking security to the Pledgee and the Pledgee accepts such Pledge.
Sample 1

Related to EFFECTING OF THE PLEDGE

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

  • 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.

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

  • 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.

  • 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.

  • 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.

  • Voting Rights in Respect of the Pledged Collateral (i) So long as no Event of Default shall have occurred and be continuing, to the extent permitted by law, each Pledgor may exercise any and all voting and other consensual rights pertaining to the Pledged Collateral of such Pledgor or any part thereof for any purpose not inconsistent with the terms of this Pledge Agreement or the Credit Agreement; and

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

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

  • Stock Pledge To evidence and perfect the Liens of Collateral Agent in the Subsidiary Stock, the Company and the Subsidiaries owning other Subsidiaries or Unrestricted Sub- sidiaries shall execute and deliver the Stock Pledge Agreement and will execute and deliver related undated stock powers ex- ecuted in blank by the Company and shall deliver all original certificates representing the Subsidiary Stock to Collateral Agent and will cause all issuers of Subsidiary Stock to execute and deliver pledge acknowledgments pursuant to the Stock Pledge Agreement.

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