Payments by Pledgor Sample Clauses
The "Payments by Pledgor" clause requires the pledgor—the party offering collateral—to make specific payments as outlined in the agreement. Typically, this includes obligations such as covering interest, fees, or other amounts due in connection with the secured obligations or the maintenance of the pledged collateral. For example, the pledgor may need to pay taxes, insurance premiums, or administrative costs related to the collateral. The core function of this clause is to ensure that all necessary payments are made to protect the value of the collateral and fulfill the pledgor's financial responsibilities, thereby reducing the risk of default or loss to the secured party.
Payments by Pledgor. Any amounts required to be paid pursuant to this Agreement by the Pledgor shall be paid or caused to be paid by the Pledgor to the applicable Person on the Distribution Date following such Person’s demand therefor in accordance with Section 8.3 of the Loan Agreement, provided that such demand is made no later than two (2) Business Days prior to the applicable Distribution Date, and the Securities Intermediary shall be considered the Collateral Custodian for such purposes.