Common use of PERFECTION OF THE PLEDGE Clause in Contracts

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, the Third Party Pledge Holder 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 Collateral Giver to CBL. The Collateral Giver 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 2, 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. 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, the Third Party Pledge Holder 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 Collateral Giver Pledgor to CBL. The Collateral Giver 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 21, the Parties hereby agree that CBL, 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. For the perfection of the Pledge, for purposes of Article 5 (2) (a) (iv) of the Law on financial collateral arrangements, the Relevant Pledged Assets in the relevant Luxembourg Basic Clearing Member ISA Direct Pledged Securities Account shall, as and when they are credited to the Luxembourg ISA Direct Pledged Securities Account, shall be designated in CBL’s books books, collectively by reference to the relevant Luxembourg ISA Direct Pledged Securities Account, as collectively pledged in favour of the Pledgee. For this purpose, upon the execution of the Agreement, the Pledgor, the Third Party Pledge Holder 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 Collateral Giver and send it to CBL. The Collateral Giver shall shall, directly or via the Third-Party Pledge Holder, 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 2, the Parties hereby agree that CBL, 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. For the perfection of the Pledge, for purposes of Article 5 (2) (a) (iv) of the Law on financial collateral arrangements, the Relevant Pledged Assets in shall, as and when they are credited to the relevant Luxembourg Basic Clearing Member ISA Direct Pledged Securities Account, shall be designated in CBL’s books books, collectively by reference to the Luxembourg ISA Direct Pledged Securities Account, as collectively pledged in favour of the Pledgee. Pledgee For this purpose, upon the execution of the Agreement, the Pledgor, the Third Party Pledge Holder 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 Collateral Giver to this Schedule 1 and send it to CBL. The Collateral Giver 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 21, the Parties hereby agree that CBL, 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.