Borrower Insurance Pledge definition

Borrower Insurance Pledge means a right of pledge (pandrecht) on the rights of the relevant Borrower/insured against the relevant Life Insurance Company under the relevant Life Insurance Policy securing the relevant Life Mortgage Receivable.
Borrower Insurance Pledge means a pledge (pandrecht) originally created in favour of the relevant Originator on the rights of the relevant pledgor against the Insurance Company under the relevant Insurance Policy securing the relevant Mortgage Receivable.
Borrower Insurance Pledge means a right of pledge (pandrecht) created in favour of the [relevant] [Originator / Seller] on the rights of the relevant pledgor against the relevant Insurance Company under the relevant Insurance Policy securing the relevant Mortgage Receivable;

Examples of Borrower Insurance Pledge in a sentence

  • In addition, the Borrower Insurance Pledge secures the same liabilities as the Bank Security Rights (and should therefore be regarded as Bank Pledges).

  • All rights of a Borrower under the Insurance Policies have been pledged to the relevant Transferor, or in respect of Mortgage Receivables acquired by such Transferor after origination, the relevant originator (the "Borrower Insurance Pledge").

  • It is uncertain whether such claim for restitution and/or supplementary damages would be pledged under the Borrower Insurance Pledge.

  • The Borrower Insurance Pledge secures the same liabilities as the Bank Security Rights (and should therefore be regarded as a Bank Pledge).

  • If not, the Borrower Insurance Pledge would not obstruct a right of set-off in respect of such claim by the Borrowers.

  • All rights of a Borrower under the Insurance Policies have been pledged to the Originator (the "Borrower Insurance Pledge").

  • All rights of a Borrower under the Insurance Policies have been pledged to the relevant Originator under a Borrower Insurance Pledge.

  • All rights of a Borrower under the Insurance Policies have been pledged to the Transferor under a Borrower Insurance Pledge.

  • Another objective was to learn about English speaking countries and their cultures.

  • All rights of a Borrower under the Life Insurance Policies or the Life Risk Insurance Policies (if any) have been pledged to the Transferor under a Borrower Insurance Pledge.

Related to Borrower Insurance Pledge