Pledge, Mortgage or Charge as Collateral for a Loan. Subject to Exchange acceptance, you may pledge, mortgage or charge your escrow securities to a financial institution as collateral for a loan, provided that no escrow securities or any share certificates or other evidence of escrow securities will be transferred or delivered by the Escrow Agent to the financial institution for this purpose. The loan agreement must provide that the escrow securities will remain in escrow if the lender realizes on the escrow securities to satisfy the loan.
Appears in 14 contracts
Samples: Escrow Agreement (Alpha Cognition Inc.), Escrow Agreement (Alpha Cognition Inc.), Escrow Agreement (Premium Nickel Resources Ltd.)
Pledge, Mortgage or Charge as Collateral for a Loan. Subject to Exchange acceptance, you You may pledge, mortgage or charge your escrow securities to a financial institution as collateral for a loan, provided that no escrow securities or any share certificates or other evidence of escrow securities will be transferred or delivered by the Escrow Agent to the financial institution for this purpose. The loan agreement must provide that the escrow securities will remain in escrow if the lender realizes on the escrow securities to satisfy the loan.
Appears in 13 contracts
Samples: Escrow Agreement (SolarBank Corp), Escrow Agreement (SolarBank Corp), Unit Contribution and Sale Agreement
Pledge, Mortgage or Charge as Collateral for a Loan. Subject to Exchange acceptanceAcceptance, you may pledge, mortgage or charge your escrow securities to a financial institution as collateral for a loan, provided that no escrow securities or any share certificates or other evidence of escrow securities will be transferred or delivered by the Escrow Agent to the financial institution for this purpose. The loan agreement must provide that the escrow securities will remain in escrow if the lender realizes on the escrow securities to satisfy the loan.
Appears in 4 contracts
Samples: Escrow Agreement (KWESST Micro Systems Inc.), CPC Escrow Agreement (Zomedica Pharmaceuticals Corp.), CPC Escrow Agreement (Zomedica Pharmaceuticals Corp.)
Pledge, Mortgage or Charge as Collateral for a Loan. Subject to Exchange acceptance, you may pledge, mortgage or charge your escrow securities to a financial institution as collateral for a loan, provided that no escrow securities or any share certificates or other evidence of escrow securities will be transferred or delivered by the Escrow Agent to the financial institution for this purpose. 3 The loan agreement must provide that the escrow securities will remain in escrow if the lender realizes on the escrow securities to satisfy the loan.
Appears in 1 contract
Samples: Escrow Agreement (Vuzix Corp)
