Pledged Deposit procure that, upon drawdown and at all times during the Security Period, the Borrower shall maintain in the Operating Account the amount of Dollars Five hundred thousand Dollars ($500,000), which amount shall remain pledged in favour of the Lender throughout the Security Period (such amount for the purpose of this Agreement shall be called herein the “Pledged Deposit”);
Pledged Deposit deposit in the Operating Account the Pledged Deposit referred to in Clause 8.1(k) (Pledged Deposit)on or prior to the Drawdown Date;
Pledged Deposit evidence that the Borrower has deposited or, as the case may be, will deposit concurrently with the drawdown of the Loan, the Pledged Deposit of Three hundred fifty thousand Dollars ($350,000) as provided in Clause 8.1(j) (Pledged Deposit);
Pledged Deposit. 3.14.1 Borrower B may deposit in the Pledged Deposit Account on the first day of an interest period an amount equal to (a) an Advance, or (b) the Loan or (c) either Balloon Instalment or (d) the aggregate of the Balloon Instalments.
Pledged Deposit ensure that from the date of this Agreement and throughout the Security Period the Borrower shall maintain in the Operating Account with the Lender, cash minimum liquidity in the amount of Three hundred fifty thousand Dollars ($350,000) pledged in favour of the Lender (herein, the “Pledged Deposit”);
Pledged Deposit ensure that on the Drawdown Date, an amount of eight hundred thousand Dollars (USD 800,000) (the “Pledged Deposit”) is deposited in the Earnings Account of the Borrower held with the Lender (or any other account of the Borrower held with the Lender and which is acceptable to the Lender). The Pledged Deposit shall remain blocked from the Drawdown Date and at all times thereafter and may only be released to the Borrower at any time after the repayment of the first four Repayment Instalments at the request of the Borrower provided that, at the time of such release, the LTV does not exceed sixty five per cent. (65%) and (ii) no Event of Default has occurred and is continuing.
Pledged Deposit evidence satisfactory to the Lender that the Pledged Deposit is standing to the credit of the Earnings Account (or any other account of the Borrower as approved and designated by the Lender) pursuant to Clause 8.1.24.
Pledged Deposit deposit in each Operating Account the part of the Pledged Deposit relative to the relevant Vessel on or prior to the Drawdown Date;
Pledged Deposit. 6.1 The Borrower hereby undertakes:
Pledged Deposit. 3.12.1 Oakland may deposit in the Pledged Deposit Account an amount equal to either (a) the Loan or (b) the Balloon Instalment.
