EXTENT OF THE PLEDGE Sample Clauses

EXTENT OF THE PLEDGE. The Pledge constituted by this Agreement includes the present and future rights to receive
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EXTENT OF THE PLEDGE. The Pledge constituted by this Agreement includes the present and future rights of the Pledgor to receive
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EXTENT OF THE PLEDGE. 5.1 The first priority pledge created hereby extends to the Pledged Shares and all right, title and interest that may derive therefrom for the Shareholders, whether presently or in the future until this Agreement is terminated pursuant to Section 6.2.
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EXTENT OF THE PLEDGE. It is expressly agreed hereby that the Pledge over the Collateral referred to in the preceding Clause covers the following:
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EXTENT OF THE PLEDGE. The pledge and the restrictions and prohibitions made in this instrument include and extend ipso jure to any appreciation the shares might undergo, and include but are not limited to paid shares, preferential rights or options of any kind, whether of preferential subscription to shares, stock-convertible bonds or any other securities that confer future rights on the Corporation or on any successor or substitute corporation or entity. Likewise, in the case of issuance of new paid shares, any new securities that may be issued with respect to the pledge presently made are understood to be affected. The Pledge Debtors irrevocably authorize the Pledge Creditors, on behalf of whom the named representatives accept, to request from the Corporation or its successor corporation or substitute entity, and for withdrawing and receiving from such corporation, any new stock certificates or other securities that may be issued as a consequence of an issuance of paid shares or exchange of shares for the issuance of new shares for any reason, without having to be delivered by the Corporation or any successor or substitute corporation or entity to the Pledge Debtors, with the Pledge Creditors being obligated to immediately request a Notary Public to give notice of the pledge agreement to record said encumbrance on these new shares in the Registry of Shareholders of the Corporation or any successor or substitute corporation. With respect to the ownership rights pertaining to the Shares, these rights will belong to the Pledge Debtors, who may collect any distributions on the pledged Shares that relate to dividends declared on the net earnings for the last business year. Without prejudice to what is stated above, in the event of any non-performance of any of the obligations guaranteed under Clause Two hereof, the Pledge Creditors may immediately demand the enforcement of the pledge made in this instrument. Any non-performance by the Corporation will not require verification to the corporation issuing the Shares or any successor or replacement corporation, rather, a written notice of non-performance issued by the Notary of the corporation issuing the Shares or any successor or replacement corporation, with a copy to the Pledge Debtors will therefore suffice. This latter circumstance will not require verification to the corporation issuing the Shares or any successor or replacement corporation. Commencing from the date of said notice and on the merits of it alone, the Pledge Credi...
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Related to EXTENT OF 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.

  • 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.

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

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

  • 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

  • Covenants of the Pledgor 5.1 The Pledgor covenants to the Pledgee that he shall:

  • 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.

  • 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.

  • Exercise of Rights in Pledged Collateral (i) Without in any way limiting the foregoing and subject to clause (ii) below, such Grantor shall have the right to exercise all voting rights or other rights relating to the Pledged Collateral owned by it for all purposes not inconsistent with this Security Agreement, the Credit Agreement or any other Loan Document; provided however, that no vote or other right shall be exercised or action taken which would have the effect of impairing the rights of the Administrative Agent in respect of such Pledged Collateral.

  • SECURITY, ENFORCEMENT AND LIMITED RECOURSE (i) Party A agrees with Party B and the Note Trustee to be bound by the terms of the Current Issuer Deed of Charge and the Current Issuer Cash Management Agreement and, in particular, confirms that: (i) save as otherwise expressly set out in the Current Issuer Cash Management Agreement or, as applicable, the Current Issuer Deed of Charge, no sum shall be payable by or on behalf of Party B to it except in accordance with the Current Issuer Priority of Payments as set out in the Current Issuer Cash Management Agreement or, as applicable, the Current Issuer Deed of Charge (as the same may be amended from time to time); and (ii) it will not take any steps for the winding up, dissolution or reorganisation or for the appointment of a receiver, administrator, administrative receiver, trustee, liquidator, sequestrator or similar officer of Party B or of any or all of its revenues and assets nor participate in any ex parte proceedings nor seek to enforce any judgment against Party B except as provided in the Current Issuer Deed of Charge.

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