Examples of Agreement to Pledge in a sentence
Such delivery shall be made prior to inclusion of such Mortgage Loans in Collateral, other than for AP Mortgages identified in the Collateral Transmittal and covered by an Agreement to Pledge.
The Collateral Agent, upon receipt of a Collateral Transmittal describing the AP Mortgages to be covered by an AP Notice and an Agreement to Pledge as of that date, shall (subject to the eligibility requirements set forth in the Credit Agreement) include such AP Mortgages as Eligible Collateral in the Collateral Value Determination (as defined Paragraph 6(a) below).
Furthermore, each Agreement to Pledge shall create a security interest in favor of the Collateral Agent for the benefit of the Secured Parties in the AP Mortgages identified therein.
By delivering an Agreement to Pledge, the Company represents and warrants that each AP Mortgage identified therein constitutes an Eligible Mortgage Loan.
On any Business Day on which a Discretionary Loan remains outstanding as of 3:00 p.m. (Minneapolis time), the Company shall deliver to the Bank by no later than 5:00 p.m. (Minneapolis time) a list of the Firm Securities subject to the Agreement to Pledge that was delivered with the request for such Discretionary Loan, whether or not such Firm Securities have been delivered to the Bank, stating the Market Value thereof.