LEVY OF EXECUTION ON THE PLEDGED INTEREST Sample Clauses

LEVY OF EXECUTION ON THE PLEDGED INTEREST. СТАТЬЯ 3 - ОБРАЩЕНИЕ ВЗЫСКАНИЯ НА ЗАЛОЖЕННУЮ ДОЛЮ Section 3.1 Grounds and Procedure for Xxxx of Execution on the Pledged Interest Раздел 3.1 Основания и процедура для обращения взыскания на Заложенную долю (a) For the purposes of subparagraph 2 of Paragraph 1 of Article 339 and Paragraph 2 of Article 349 of the Civil Code, the Parties agree that the Pledgee shall have the right upon the occurrence of an Event of Default (as described in the Loan Agreement) which is continuing and subject to the requirements of Section 3.2 (Rights and obligations of the Pledgee) to levy execution on the Pledged Interest without initiating any court, arbitration or other proceedings or obtaining any court, arbitral or other order or judgment, on the grounds established by Russian law, by choosing any of the following procedures in its own discretion: (a) Для целей второго абзаца пункта 1 статьи 339 Гражданского кодекса и пункта 2 статьи 349 Гражданского кодекса, Стороны соглашаются, что Залогодержатель имеет право при наступлении События неисполнения (согласно положениям Договора займа), которое продолжается, и с учетом требований Раздела 3.2 (Права и обязанности Залогодержателя), обратить взыскание на Заложенную долю без возбуждения каких-либо судебных, арбитражных или иных разбирательств, или получения судебных, арбитражных или иных постановлений или решений, по основаниям, предусмотренным законодательством Российской Федерации, выбрав по своему усмотрению любой из следующих способов обращения взыскания: (i) acquiring ownership to all or any part of the Pledged Interest and setting off the value of the Pledged Interest, as determined pursuant to Section 3.3 (Price of the Pledged Interest) below, against the outstanding amount of the Secured Obligations; (i) оставление за собой всей или части Заложенной доли и зачет стоимости Заложенной доли, определенной согласно Разделу
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LEVY OF EXECUTION ON THE PLEDGED INTEREST. СТАТЬЯ 3 - ОБРАЩЕНИЕ ВЗЫСКАНИЯ НА ЗАЛОЖЕННУЮ ДОЛЮ

Related to LEVY OF EXECUTION ON THE PLEDGED INTEREST

  • Pledged Equity Interests; Stock Powers; Pledged Notes The Administrative Agent shall have received (i) the certificates representing the Equity Interests pledged pursuant to the Security Agreement, together with an undated stock power for each such certificate executed in blank by a duly authorized officer of the pledgor thereof and (ii) each promissory note (if any) pledged to the Administrative Agent pursuant to the Security Agreement endorsed (without recourse) in blank (or accompanied by an executed transfer form in blank) by the pledgor thereof.

  • Delivery of the Pledged Collateral (a) Each Grantor agrees to deliver or cause to be delivered as promptly as practicable to the Collateral Agent, for the benefit of the Secured Parties, any and all Pledged Securities (other than any uncertificated securities, but only for so long as such securities remain uncertificated) to the extent such Pledged Securities, in the case of promissory notes or other instruments evidencing Indebtedness, are required to be delivered pursuant to paragraph (b) of this Section 2.02. (b) Each Grantor will cause (i) any Indebtedness for borrowed money owed to such Grantor by any Person (other than intercompany Indebtedness between Grantors and intercompany Indebtedness referred to in the following clause (ii)) having an aggregate principal amount in excess of the Dollar Amount of $5,000,000, to be evidenced by a duly executed promissory note, and (ii) any intercompany Indebtedness made by such Grantor to a Subsidiary of the Company that is not a Grantor to be evidenced by (x) a duly executed global promissory note to which such Subsidiary of the Company that is not a Grantor is a signatory, or (y) at the option of the Grantor, to the extent such Indebtedness is in an aggregate principal amount in excess of the Dollar Amount of $15,000,000, a duly executed promissory note; in each case (i) and (ii) that is delivered to the Collateral Agent, for the benefit of the Secured Parties, pursuant to the terms hereof. (c) Upon delivery to the Collateral Agent, (i) any Pledged Securities shall be accompanied by stock or security powers duly executed in blank or other instruments of transfer reasonably satisfactory to the Collateral Agent and by such other instruments and documents as the Collateral Agent may reasonably request and (ii) all other property comprising part of the Pledged Collateral shall be accompanied by proper instruments of assignment or transfer duly executed by the applicable Grantor and such other instruments or documents as the Collateral Agent may reasonably request. Each delivery of Pledged Securities shall be accompanied by a schedule describing the securities, which schedule shall be attached hereto as Schedule I and made a part hereof; provided that failure to attach any such schedule hereto shall not affect the validity of such pledge of such Pledged Securities. Each schedule so delivered shall supplement any prior schedules so delivered.

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