PERFECTION OF THE PLEDGE. For the perfection of the Pledge, for purposes of Article 5 (2) (a) of the Law on financial collateral arrangements, the Relevant Pledged Assets in the relevant CmaX Basic Clearing Member Pledged Securities Account shall be designated in CBL’s books as collectively pledged in favour of the Pledgee (the “Perfection Requirement”). For this purpose, on or around the execution of the Agreement, the Pledgor shall inform CBL by or through the execution of the Collateral Management Service Agreement for Collateral Giver, and notably by the completion of Appendix A thereunder (the “Appendix A”), of the existence of the Pledge and that any Relevant Pledged Assets standing to the credit of the CmaX Basic Clearing Member Pledged Securities Account(s) are to be pledged in favour of Eurex Clearing AG (altogether, the “Pledge Information”). For the avoidance of any doubt, the provision of the Pledge Information to CBL by the Pledgor through Appendix A will automatically entail compliance by CBL with the Perfection Requirement; no further notice or instruction by the Pledgor to CBL shall be required. Accordingly, pursuant to the collateral management services provided by CBL under the Collateral Management Services Agreements and CBL’s systems, following completion of Appendix A CBL will automatically xxxx any Relevant Pledged Assets deposited from time to time to the credit of the CmaX Basic Clearing Member Pledged Securities Account(s) as pledged in favour of the Pledgee. Except as provided and permitted otherwise in this Schedule 1, the Parties hereby agree that CBL shall act solely in accordance with the instructions of the Pledgee granted in accordance with the provisions of the Collateral Management Service Agreements.
PERFECTION OF THE PLEDGE. For the perfection of the Pledge, for purposes of Article 5 (2) (a) of the Law on financial collateral arrangements, the Relevant Pledged Assets in the relevant Luxembourg Basic Clearing Member Pledged Securities Account, shall be designated in CBL’s books as collectively pledged in favour of the Pledgee. For this purpose, upon the execution of the Agreement, the Pledgor and the Pledgee shall execute the notice of Pledge set out in Attachment 1 hereto, the original executed version of which shall then as soon as reasonably possible be sent by the Pledgor to CBL. The Pledgor shall ensure that CBL returns a duly acknowledged version of the notice of Pledge to the Pledgee. Except as provided and permitted otherwise in this Schedule 1, the Parties hereby agree that CBL shall act solely in accordance with the instructions of the Pledgee, as further set out in the notice to be served in accordance with Attachment 1 hereto.
PERFECTION OF THE PLEDGE. 4.1 The Pledgor hereby covenants to execute in good faith and to cause any other appropriate parties or individuals to execute all certificates, agreements, deeds, covenants, or notices required by the Beneficiary to perfect or exercise any of the Beneficiary’s rights under this Agreement.
PERFECTION OF THE PLEDGE. The Pledgor hereby covenants to execute in good faith and to cause any other appropriate parties or individuals to execute all certificates, agreements, deeds, covenants or notices required by the Beneficiary to perfect or exercise any of the Beneficiary’s rights under this Agreement.
PERFECTION OF THE PLEDGE. 3.1. The Pledgor shall (i) within ten (10) Business Days of the date of this Agreement, notify this Pledge to the Bank, such notice to be substantially in the form set out in Schedule 1, and (ii) use reasonable endeavours to obtain, within twenty (20) Business Days, a duly executed acknowledgement substantially in the form set out in Schedule 2 hereto duly executed by the Bank, provided that, if the Pledgor has not been able to obtain such acknowledgment, any obligation to obtain such acknowledgement shall cease on the expiry of the aforementioned twenty (20) Business Days.
PERFECTION OF THE PLEDGE. 4.1 Upon request of the Beneficiary, the Pledgor hereby undertakes to sign all certificates, agreements, covenants, undertakings or notices, and procure other Parties or individuals to sign all certificates, agreements, covenants, undertakings or notices requested by the Beneficiary, to facilitate the perfection or exercise of the Beneficiary’s rights provided in this Agreement.
PERFECTION OF THE PLEDGE. (a) By executing this Pledge Agreement as intervening party, the Company hereby acknowledges and expressly accepts the Pledge.
PERFECTION OF THE PLEDGE. 3.1. The Pledge shall, by virtue of the execution of this Agreement, be acknowledged and accepted by the Company and thereby perfected in accordance with article 5 of the Financial Collateral Law.
PERFECTION OF THE PLEDGE. (a) The Pledge shall, by virtue of the execution of this Agreement, be perfected in accordance with Luxembourg law, including the Collateral Law.
PERFECTION OF THE PLEDGE. (a) The Pledgor shall procure the registration (inscription) of the Pledge over the Shares in the Share Register of the Company in the name of the Collateral Agent and the delivery of a copy of the Share Register, certified by an authorised signatory of the Company, evidencing such registration on the date of execution of this Pledge Agreement.
