SECURITY TRUSTEE PLEDGE NOTIFICATION EVENTS. 6.1 The CBC shall immediately notify the Security Trustee of the occurrence of a Security Trustee Pledge Notification Event. 6.2 For so long as the Security Trustee has not made a written statement to the contrary, it shall refrain from exercising, from time to time, its right of pledge on the Security Trustee Pledged Rights vis-à-vis the relevant Transaction Party to the extent necessary to enable the relevant Transaction Party to honour the CBC's rights with respect to the Security Trustee Pledged Rights as if no right of pledge existed and the Security Trustee consents to the collection by the CBC of the Security Trustee Pledged Rights as referred to in Article 3:246(4)
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Samples: Security Trustee Rights Pledge Agreement, Security Trustee Rights Pledge Agreement, Security Trustee Rights Pledge Agreement
SECURITY TRUSTEE PLEDGE NOTIFICATION EVENTS.
6.1 The CBC shall immediately notify the Security Trustee of the occurrence of a Security Trustee Pledge Notification Event.
6.2 For so long as the Security Trustee has not made a written statement to the contrary, it shall refrain from exercising, from time to time, its right of pledge on the Security Trustee Pledged Rights vis-à-vis the relevant Transaction Party to the extent necessary to enable the relevant Transaction Party to honour the CBC's rights with respect to the Security Trustee Pledged Rights as if no right of pledge existed and the Security Trustee consents to the collection by the CBC of the Security Trustee Pledged Rights as referred to in Article 3:246(4)
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