THREE. All amounts obtained as a consequence of the judicial or extra-judicial payment of the Secured Obligations shall belong to the Pledgee under this Pledge, and shall be paid to Pledgee, after deducting all expenses and collection costs, according to the provisions set forth in the Shareholders’ Agreement and in this document. Subject to the provisions set forth in Section 23 hereof, it is expressly agreed that the pledge granted under this instrument is indivisible; therefore, the release thereof shall not be claimed until all the Secured Obligations have been repaid in full. Three.
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Samples: Shareholder Agreement (Saieh Bendeck Alvaro), Shareholders Agreement (Itau Unibanco Holding S.A.)
THREE. All amounts obtained received as a consequence of the judicial or extra-judicial extrajudicial payment of the Secured Obligations shall belong to the Pledgee under this Pledge, and shall be paid to Pledgee, after deducting all expenses and collection costs, according to the provisions set forth in the Shareholders’ Agreement and in this document. Subject to the provisions set forth in Section section 23 hereof, it is expressly agreed that the pledge granted under this instrument is indivisible; therefore, the release thereof shall not be claimed until the full payment of all the Secured Obligations have been repaid in full. Obligations.- Three.
Appears in 1 contract
Samples: Transaction Agreement (Corpbanca/Fi)
THREE. All amounts obtained as a consequence of the judicial or extra-judicial payment of the Secured Obligations shall belong to the Pledgee under this Pledge, and shall be paid to Pledgee, after deducting all expenses and collection costs, according to the provisions set forth in the Shareholders’ Agreement and in this document. Subject to the provisions set forth in Section 23 hereof, it is expressly agreed that the pledge granted under this instrument is indivisible; therefore, the release thereof shall not be claimed until all the Secured Obligations have been repaid in full. Three.under
Appears in 1 contract
THREE. Three.- All amounts obtained as a consequence of the judicial or extra-judicial payment of the Secured Obligations shall belong to the Pledgee under this Pledge, and shall be paid to Pledgee, after deducting all expenses and collection costs, according to the provisions set forth in the Shareholders’ Agreement and in this document. Subject to the provisions set forth in Section 23 hereof, it is expressly agreed that the pledge granted under this instrument is indivisible; therefore, the release thereof shall not be claimed until all the Secured Obligations have been repaid in full. Three.
Appears in 1 contract
Samples: Shareholders Agreement (Itau Unibanco Holding S.A.)
THREE. All amounts obtained as a consequence of the judicial or extra-judicial extrajudicial payment of the Secured Obligations shall belong to the Pledgee under this Pledge, and shall be paid to Pledgee, after deducting all expenses and collection costs, according to the provisions set forth in the Shareholders’ Agreement and in this document. Subject to the provisions set forth in Section section 23 hereof, it is expressly agreed that the pledge granted under this instrument is indivisible; therefore, the release thereof shall not be claimed until the full payment of all the Secured Obligations have been repaid in full. ThreeObligations.
Appears in 1 contract
Samples: Transaction Agreement (Corpbanca/Fi)