Pledgor’s Obligations Sample Clauses
The "Pledgor’s Obligations" clause defines the responsibilities and duties of the party providing collateral (the pledgor) under a pledge agreement. Typically, this clause requires the pledgor to maintain the pledged assets in good condition, avoid actions that could diminish their value, and provide necessary documentation or information to the secured party. For example, the pledgor may need to insure the collateral or refrain from selling or transferring it without consent. The core function of this clause is to protect the interests of the secured party by ensuring the collateral remains available and valuable throughout the term of the agreement.
Pledgor’s Obligations. The Pledgor hereby undertakes:
(a) to secure that all Movable Assets are located at the territory of the Slovak Republic at the time of execution of this Agreement and at the time of the registration of the Pledge in the Register;
(b) to secure that all Movable Assets are registered exclusively in the Slovak National Rolling Stock Registry and they are not and will not be registered in national rolling stock registries or similar registries in other jurisdictions;
(c) to refrain from anything that may, whether independently or in conjunction with any other actions or circumstances, diminish the value of the Movable Assets (except if permitted under the Finance Documents), and to refrain from anything that may be detrimental to the Pledge or the Pledgee’s rights under this Agreement;
(d) to take, at its own expense, any and all acts as may be reasonably requested by the Pledgee or as may be required in order to preserve, protect or enforce the Pledge in accordance with this Agreement, and in particular to sign any documents, deeds and agreements, to obtain any requisite consents, approvals and other authorisations, and to issue any instructions as the Pledgee may (acting reasonably) deem appropriate for the exercise of its rights under this Agreement or for the enforcement of the Pledge;
(e) to exercise all the rights to the Movable Assets in such a manner that the exercise of the rights or the result of the exercise of the rights does not contravene any provision of the Facilities Agreement, this Agreement or other Finance Documents to which the Pledgor is a party (unless required by mandatory (kogentné) provisions of applicable laws);
(f) to inform the Pledgee without undue delay, in any case within three Business Days, of the occurrence of any fact due to which:
(i) a third party acquired or may acquire any right to any Movable Assets except if allowed by the Finance Documents;
(ii) the existence of the Pledge in general has been or may be threatened; or
(iii) the enforcement of the Pledge by the Pledgee in general has been or may be restricted or prevented;
(g) to provide to the Pledgee without undue delay, in any case within seven Business Days, such further information as the Pledgee may reasonably require about the Pledgor, the Pledge, the Borrower or the Movable Assets, or information otherwise relevant to the relationship between the Pledgor and the Pledgee established under this Agreement;
(h) to enable the Pledgee to take any such acts with respe...
Pledgor’s Obligations. Pledgor agrees that, notwithstanding this Security Agreement, it will perform and discharge and remain liable for all its covenants, duties, and obligations arising in connection with the Collateral and any licenses and agreements related thereto except to the extent any failure to so perform, discharge or remain liable would not have a material impact on the overall value of all the Collateral or the enforcement, perfection or priority of the security interests therein. No Secured Party shall have any obligation or liability in connection with the Collateral or any licenses or agreements relating thereto by reason of this Security Agreement or any payment received by any Secured Party relating to the Collateral, nor shall any Secured Party be required to perform any covenant, duty or obligation of Pledgor arising in connection with the Collateral or any license or agreement related thereto or to take any other action regarding the Collateral or any such licenses or agreement.
Pledgor’s Obligations. Pledgor agrees that, notwithstanding this --------------------- Security Agreement, they will perform and discharge and remain liable for all their covenants, duties' and obligations arising in connection with the Collateral and any licenses and agreements related thereto. Pledgee shall have no obligation or liability in connection with the Collateral or any licenses or agreements relating thereto by reason of this Security Agreement or any payment received by Pledgee relating to the Collateral nor shall Pledgee be required to perform any covenant, duty or obligation of Pledgor arising in connection with the Collateral or any license or agreement related thereto or to take any other action regarding the Collateral or any such licenses or agreement.
Pledgor’s Obligations. The Pledgor shall:
3.1. Execute the pledge according to the laws of the Russian Federation. Within 11 (Eleven) Business Days from the signing hereof, provide the Pledgee acting as the Credit Agent under the Loan Agreement with an original extract from the EGRUL proving:
(a) registration of the pledge created hereunder in the EGRUL; and
(b) existence of Encumbrance of the Collateral created hereunder.
3.2. Execute the pledge according to the laws of the Republic of Cyprus.
3.2.1. The Pledgor shall, within 10 (Ten) Business Days from the date of this Agreement, provide the Pledgee acting as the Credit Agent under the Loan Agreement with a certified copy of the register of mortgages and other pledges of the Pledgor; such register shall prove making an entry on this Agreement under Clause 99(1) of Companies Act, Cap. 113, as amended.
3.2.2. Within 15 (Fifteen) Business Days from the date of this Agreement, the Pledgor shall provide the Pledgee acting as the Credit Agent under the Loan Agreement with an original pledge registration certificate issued by the Registrar of Companies in Cyprus proving that this Agreement has been registered within due time limits by the Registrar of Companies in Cyprus under Clause 90 of Companies Act, Cap. 113, as amended.
Pledgor’s Obligations. The provisions of this Clause do not release the Pledgor from its obligations under this Deed.
Pledgor’s Obligations. 11.1 The obligations and responsibilities of the Pledgor and the Collateral Rights shall not be discharged, impaired or otherwise affected by:
(a) any winding-up, dissolution, liquidation, administration, rehabilitation or re-organisation of or other change in the Pledgor or any other company, corporation, partnership or other person;
(b) any of the Obligations being at any time illegal, invalid, unenforceable or ineffective;
(c) any time or other indulgence being granted to the Pledgor or any other company, corporation, partnership or other person;
(d) any amendment, variation, waiver or release of any of the Obligations;
(e) any failure to take or failure to realise the value of any other collateral in respect of the Obligations or any release, discharge, exchange or substitution of any such collateral; or
(f) any other act, event or omission which but for this provision would or might operate to impair, discharge or otherwise affect the obligations of the Pledgor under this Agreement.
Pledgor’s Obligations. The Pledgor shall:
Pledgor’s Obligations. 4.1 The Pledgor shall cause the Company to (i) record the names of the Pledgees in all share certificates representing the Subject Shares as the pledgees of the Subject Shares and deliver the same to the Pledgees and (ii) record the names and addresses of the Pledgees in the shareholders registry of the Company as the pledgees of the Subject Shares and deliver a certified copy of such shareholders registry to the Pledgees.
4.2 The Pledgor shall do all such acts as may be reasonably necessary in order for the Pledgees to be able to enforce the pledge over the Subject Shares without any further consent, authorization or action by the Pledgor, including, but not limited to, executing and delivering to the Pledgees the consent or any other document necessary for disposal of the Subject Shares.
4.3 The Pledgor shall do all such acts as may be necessary to preserve the Pledge of the Subject Shares including, causing the Company to indicate in its shareholder’s registry that all of the Subject Shares have been pledged to the Pledgees and to ensure that such indication is not removed, except with the prior consent of the Pledgees. The Pledgor shall not assign, transfer, sell, further pledge or otherwise encumber the Subject Shares except as provided herein.
Pledgor’s Obligations. Each Pledgor agrees that, notwithstanding this Agreement, it will perform and discharge and remain liable for all its covenants, duties, and obligations arising in connection with the Collateral and any licenses and agreements related thereto. Pledgee shall have no obligation or liability in connection with the Collateral or any licenses or agreements relating thereto by reason of this Agreement or any payment received by Pledgee or any Lender relating to the Collateral, nor shall Pledgee or any Lender be required to perform any covenant, duty, or obligation of each Pledgor arising in connection with the Collateral or any license or agreement related thereto or to take any other action regarding the Collateral or any such licenses or agreement.
Pledgor’s Obligations. This Security Agreement creates a legal, valid and binding lien in and to the Security in favor of Secured Party and enforceable against Borrower and Pledgor. Once perfected, the Security Interest will constitute a first and prior lien on the Security. The creation of this Security Interest does not require the consent of any third party, other than St. Jame▇, ▇▇ich consent has been obtained. Debtor has not executed any prior transfer, assignment, pledge, security interest or hypothecation covering the Security or any interest in the Security, other than as acknowledged in the Intercreditor Agreement.