Common use of Pledges and Assignments Clause in Contracts

Pledges and Assignments. (a) The Issuer hereby pledges (verpfändet) as security all Pledged Bonds together with all ancillary rights and claims associated with such bonds to the Trustee, who hereby accepts such pledge. (b) The pledge created in accordance with paragraph (a) above shall attach to the pertinent co-ownership interests (Miteigentumsanteile) of the Issuer in the collective custody holdings as booked to the Issuance Account of the Issuer with respect to the Pledged Bonds. (c) The Issuer hereby irrevocably assigns to the Trustee all its present and future claims against the Depo Bank and, if any, against Clearstream for delivery of the Global Note representing the Pledged Bonds (Abtretung des Herausgabeanspruchs) pursuant to (including but without limitation) sections 870 and 871 of the BGB and sections 7 and 8 of the DepotG. (d) In addition to the pledges created in accordance with paragraphs (a) to (c) (inclusive) above, the Issuer hereby grants a pledge over all Pledged Bonds by way of additionally pledging the Issuer's claims arising from such Pledged Bonds in accordance with sections 1274, 413, 398 of the BGB to the Security Trustee, who hereby accepts such pledge. (e) The pledges created in accordance with paragraphs (a) to (d) (inclusive) shall extend automatically to any newly issued certificates representing, replacing or supplementing any of the Pledged Bonds which shall forthwith be credited to (verbucht auf) or, to the extent such certificates will not be held in collective safe custody (Sammelverwahrung), deposited with and held in the Issuance Accounts without the Issuer taking possession of them at any time.

Pledges and Assignments. (a) The Issuer hereby pledges (verpfändet) as security all Pledged Bonds together with all ancillary rights and claims associated with such bonds to the Collateral Trustee, who hereby accepts such pledge. (b) The pledge created in accordance with paragraph (a) above shall attach to the pertinent co-ownership interests (Miteigentumsanteile) of the Issuer in the collective custody holdings as booked to the Issuance Account of the Issuer with respect to the Pledged Bonds. (c) The Issuer hereby irrevocably assigns to the Collateral Trustee all its present and future claims against the Depo Custodian Bank and, if any, against Clearstream for delivery of the Global Note representing the Pledged Bonds (Abtretung des Herausgabeanspruchs) pursuant to (including but without limitation) sections 870 and 871 of the BGB and sections 7 and 8 of the DepotG. (d) In addition to the pledges created in accordance with paragraphs (a) to (c) (inclusive) above, the Issuer hereby grants a pledge over all Pledged Bonds by way of additionally pledging the Issuer's claims arising from such Pledged Bonds in accordance with sections 1274, 413, 398 of the BGB to the Security Collateral Trustee, who hereby accepts such pledge. (e) The pledges created in accordance with paragraphs (a) to (d) (inclusive) shall extend automatically to any newly issued certificates representing, replacing or supplementing any of the Pledged Bonds which shall forthwith be credited to (verbucht auf) or, to the extent such certificates will not be held in collective safe custody (Sammelverwahrung), deposited with and held in the Issuance Accounts without the Issuer taking possession of them at any time.

Pledges and Assignments. (a) The Issuer hereby pledges (verpfändet) as security all Pledged Bonds together with all ancillary rights and claims associated with such bonds to the Trustee, who hereby accepts such pledge. (b) The pledge created in accordance with paragraph (a) above shall attach to the pertinent co-ownership interests (Miteigentumsanteile) of the Issuer in the collective custody holdings as booked to the Issuance Account of the Issuer with respect to the Pledged Bonds. (c) The Issuer hereby irrevocably assigns to the Trustee all its present and future claims against the Depo Bank and, if any, against Clearstream for delivery of the Global Note representing the Pledged Bonds (Abtretung des Herausgabeanspruchs) pursuant to (including but without limitation) sections 870 and 871 of the BGB and sections 7 and 8 of the DepotG. (d) In addition to the pledges created in accordance with paragraphs (a) to (c) (inclusive) above, the Issuer hereby grants a pledge over all Pledged Bonds by way of additionally pledging the Issuer's ’s claims arising from such Pledged Bonds in accordance with sections 1274, 413, 398 of the BGB to the Security Trustee, who hereby accepts such pledge. (e) The pledges created in accordance with paragraphs (a) to (d) (inclusive) shall extend automatically to any newly issued certificates representing, replacing or supplementing any of the Pledged Bonds which shall forthwith be credited to (verbucht auf) or, to the extent such certificates will not be held in collective safe custody (Sammelverwahrung), deposited with and held in the Issuance Accounts without the Issuer taking possession of them at any time.

Pledges and Assignments. (a) The Issuer hereby pledges (verpfändet) as security all Pledged Bonds together with all ancillary rights and claims associated with such bonds to the Trustee, who hereby accepts such pledge. (b) The pledge created in accordance with paragraph (a) above shall attach to the pertinent co-ownership interests (Miteigentumsanteile) of the Issuer in the collective custody holdings as booked to the Issuance Account of the Issuer with respect to the Pledged Bonds. (c) The Issuer hereby irrevocably assigns to the Trustee all its present and future claims against the Depo Bank and, if any, against Clearstream for delivery of the Global Note representing the Pledged Bonds (Abtretung des Herausgabeanspruchs) pursuant to (including but without limitation) sections 870 and 871 of the BGB and sections 7 and 8 of the DepotG. (d) In addition to the pledges created in accordance with paragraphs (a) to (c) (inclusive) above, the Issuer hereby grants a pledge over all Pledged Bonds by way of additionally pledging the Issuer's claims arising from such Pledged Bonds in accordance with sections 1274, 413, 398 of the BGB to the Security Trustee, who hereby accepts such pledge. (e) The pledges created in accordance with paragraphs (a) to (d) (inclusive) shall extend automatically to any newly issued certificates representing, replacing or supplementing any of the Pledged Bonds which shall forthwith be credited to (verbucht auf) or, to the extent such certificates will not be held in collective safe custody (Sammelverwahrung), deposited with and held in the Issuance Accounts Account without the Issuer taking possession of them at any time.