NOTIFICATION OF PLEDGE Sample Clauses

NOTIFICATION OF PLEDGE. 12.1 The Pledgor hereby individually and separately undertakes to notify by registered mail (return receipt requested (Einschreiben mit Rückschein) or similar means) the Account Bank and, if necessary, any other relevant third party referred to in paragraph 11.5 above within seven (7) Business Days after the date of this Agreement and within seven (7) Business Days after the opening of any new Account, in each case in substantially the form set out in Schedule 2 Part 1 hereto requesting it to acknowledge receipt of the notification and acceptance of the terms thereof to the relevant Pledgor and the Pledgee substantially in the form set out in Schedule 2 Part 2 hereto. The Pledgor will provide a copy of this notification (including the receipt of posting (Einlieferungsschein)) or similar evidence of posting and any corresponding return receipt received by it promptly to the Security Agent.
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NOTIFICATION OF PLEDGE. 8.1 The Pledgor hereby undertakes to notify the relevant Account Banks of the Pledges within 5 Business Days of the date of this Agreement in substantially the form set out in Schedule 2 attached to this Agreement requesting the Account Bank to acknowledge receipt of the notification and acceptance of the terms thereof to the Pledgee.
NOTIFICATION OF PLEDGE. Pursuant to Section 8-313(1)(h)(iv) of the Uniform Commercial Code as in effect in the State of Delaware (the "Notification Section"), this Agreement shall constitute written notification by the Pledgor to GE Capital, the registered pledgee of the Collateral under Section 8-313(1)(b) of the Uniform Commercial Code as in effect in the State of Delaware (the "Registered Pledgee"), of the security interest granted hereby to the Collateral Agent, for the benefit of the GP Lender. The signature of the Registered Pledgee on the signature page hereof shall constitute acknowledgement, pursuant to the Notification Section, by the Registered Pledgee of the transfer, to the Pledgee, of the security interest purported to be effected by this Agreement.
NOTIFICATION OF PLEDGE. Note: This Notification of Pledge may also be sent to the Account Bank(s) in a German translation of this form. [Registered mail with return receipt] From: [ ] To: [Account Bank] (the Account Bank) Copy: [ ] Date: [ ] Dear Sirs, We hereby give you notice that pursuant to Clause 8.2 of the account pledge agreement dated [ ] (the Account Pledge Agreement) [ ] has authorised us to notify you that [ ] has pledged in our favour as Security Agent and Pledgee and in favour of the other Lenders as Pledgees, the present and future credit balance on each of the Accounts (which shall include all sub-accounts) including all interest payable thereon, together with all ancillary rights and claims associated with such Accounts . A copy of the Account Pledge Agreement is attached hereto. It has been agreed that until notice to the contrary from ourselves, to be served on you as Account Bank [ ] may continue to operate the Account(s) and in particular may dispose of the amounts standing to the credit of the Account(s). Upon receipt of such aforesaid notice to the contrary you, as Account Bank, shall not allow any dispositions by [ ] of amounts standing to the credit of the Account(s). Please acknowledge receipt of this notice and your agreement to the terms hereof by signing the enclosed copy and returning the same to ourselves. Yours faithfully,
NOTIFICATION OF PLEDGE. On the date hereof, the Pledgor shall notify the Company of the Pledge and procure that the Company acknowledges receipt of such notice in the form set out in Schedule 1 (Form of Notice of Pledge).

Related to NOTIFICATION OF PLEDGE

  • NOTICE OF PLEDGE 4.1 Subject to Clause 4.3 below the Pledgor undertakes that it will without undue delay, but not later than twenty business days after the date of this Agreement, and, in relation to any Account opened after the date of this Agreement, within ten business days after such new Account has been opened, notify each Account Bank and any other relevant third party of the Pledges by delivering a notification substantially in the form set out in Schedule 3 (Form of Notice of Pledge) by registered mail (Einschreiben mit Rückschein). The Pledgor shall provide the Collateral Agent with a copy of each such notification and of the corresponding return receipt (Rückschein). In addition, the Pledgor shall use all reasonable efforts to procure that each Account Bank promptly acknowledges receipt of the respective notification, and acceptance of the terms thereof, to the Collateral Agent and to the Pledgor.

  • Release of Pledge 3.1 After the Pledgors and the Company fully and completely perform all of the Contractual Obligations and discharge all of the Secured Liabilities, the Pledgee shall, upon the Pledgors’ request, release the Equity Pledge under this Agreement and cooperate with the Pledgors to cancel the registration of the Equity Pledge on the Company’s register of shareholders and with the administration of industry and commerce in charge of the Company. The Pledgee shall assume the reasonable expenses arising out of the release of the Equity Pledge.

  • Termination of Pledge Agreement This Agreement and the rights hereby granted by Pledgor in the Collateral shall cease, terminate and be void upon fulfillment of all of the obligations of Pledgor under the Securities Contract and hereunder. Any Collateral remaining at the time of such termination shall be fully released and discharged from the Security Interests and delivered to Pledgor by Secured Party, all at the request and expense of Pledgor.

  • Rate of Pledge and Term of Pledge 3.1 The Rate of Pledge: The Rate of Pledge shall be 100% under this Agreement.

  • Authorization of Pledged Equity All Pledged Equity is duly authorized and validly issued, is fully paid and, to the extent applicable, nonassessable and is not subject to the preemptive rights of any Person.

  • Term of Pledge 3.1 The Pledge shall become effective on such date when the pledge of the Equity Interest contemplated herein is registered with relevant administration for industry and commerce (the “AIC”). The Pledge shall remain effective until all Contract Obligations have been fully performed and all Secured Indebtedness have been fully paid. Pledgor and Party C shall (1) register the Pledge in the shareholders’ register of Party C within 3 business days following the execution of this Agreement, and (2) submit an application to the AIC for the registration of the Pledge of the Equity Interest contemplated herein within 15 business days following the execution of this Agreement. The parties covenant that for the purpose of registration of the Pledge, the parties hereto and all other shareholders of Party C shall submit to the AIC this Agreement or an equity interest pledge contract in the form required by the AIC at the location of Party C which shall truly reflect the information of the Pledge hereunder (the “AIC Pledge Contract”). For matters not specified in the AIC Pledge Contract, the parties shall be bound by the provisions of this Agreement. Pledgor and Party C shall submit all necessary documents and complete all necessary procedures, as required by the PRC laws and regulations and the relevant AIC, to ensure that the Pledge of the Equity Interest shall be registered with the AIC as soon as possible after submission for filing.

  • Authorization of Pledged Shares The Pledged Shares are duly authorized and validly issued, are fully paid and nonassessable and are not subject to the preemptive rights of any Person.

  • Retention of Pledged Collateral To the extent permitted under applicable law, in addition to the rights and remedies hereunder, upon the occurrence of an Event of Default, the Administrative Agent may, after providing the notices required by Sections 9-620 and 9-621 of the UCC or otherwise complying with the requirements of applicable law of the relevant jurisdiction, accept or retain all or any portion of the Pledged Collateral in satisfaction of the Secured Obligations. Unless and until the Administrative Agent shall have provided such notices, however, the Administrative Agent shall not be deemed to have accepted or retained any Pledged Collateral in satisfaction of any Secured Obligations for any reason.

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

  • Disposition of Pledged Interests by Agent None of the Pledged Interests existing as of the date of this Agreement are, and none of the Pledged Interests hereafter acquired on the date of acquisition thereof will be, registered or qualified under the various federal or state securities laws of the United States and disposition thereof after an Event of Default may be restricted to one or more private (instead of public) sales in view of the lack of such registration. Each Grantor understands that in connection with such disposition, Agent may approach only a restricted number of potential purchasers and further understands that a sale under such circumstances may yield a lower price for the Pledged Interests than if the Pledged Interests were registered and qualified pursuant to federal and state securities laws and sold on the open market. Each Grantor, therefore, agrees that: (a) if Agent shall, pursuant to the terms of this Agreement, sell or cause the Pledged Interests or any portion thereof to be sold at a private sale, Agent shall have the right to rely upon the advice and opinion of any nationally recognized brokerage or investment firm (but shall not be obligated to seek such advice and the failure to do so shall not be considered in determining the commercial reasonableness of such action) as to the best manner in which to offer the Pledged Interest or any portion thereof for sale and as to the best price reasonably obtainable at the private sale thereof; and (b) such reliance shall be conclusive evidence that Agent has handled the disposition in a commercially reasonable manner.

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