Common use of Pledged Deposit Clause in Contracts

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. procure that, upon drawdown ensure that as from the Drawdown Date and at all times during throughout the remainder of the Security Period, Period the Borrower shall maintain in the Borrower’s Operating Account with the Lender cash minimum liquidity in 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 herein, the “Pledged Deposit”);

Pledged Deposit. procure that, upon drawdown and at all times during the Security Period, the Borrower Borrowers shall maintain in the Operating Account Accounts the aggregate amount of Dollars Five Six hundred thousand Dollars ($500,000600,000) ($300,000 per Vessel), 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”);