Common use of No Re-Use Right of Relevant Pledged Assets Clause in Contracts

No Re-Use Right of Relevant Pledged Assets. The Pledgee and the Pledgor agree, and the Third Party Pledge Holder acknowledge, that the Pledgee shall have no right to use the Relevant Pledged Assets standing to the credit of the Collateral Accounts during the term of the Pledge. This Clause shall supersede any existing arrangement in this regard and, to the extent applicable and between the Parties only, shall prevail on any provision of the Collateral Management Service Agreements in this regard.

No Re-Use Right of Relevant Pledged Assets. The Pledgee and the Pledgor agree, and the Third Party Pledge Holder acknowledge, agree that the Pledgee shall have no right to use the Relevant Pledged Assets standing to the credit of the Collateral Accounts during the term of the Pledge. This Clause shall supersede any existing arrangement in this regard and, to the extent applicable and between the Parties only, shall prevail on any provision of the Collateral Management Service Agreements in this regard.

No Re-Use Right of Relevant Pledged Assets. The Pledgee and the Pledgor agree, and the Third Party Pledge Holder acknowledge, agree that the Pledgee shall have no right to use the Relevant Pledged Assets standing to the credit of the Collateral Pledged Securities Accounts during the term of the PledgeAgreement. This Clause shall supersede any existing arrangement in this regard and, to the extent applicable and between the Parties only, shall prevail on any provision of the Collateral Management Service Agreements in this regard.