Examples of Collateral Giver in a sentence
The Collateral Giver is duly incorporated and validly existing under the laws of [●] and is not subject to any bankruptcy proceedings or proceedings for voluntary arrangements with its creditors, controlled management or suspension of payments or any similar insolvency or liquidation proceedings under the law and jurisdiction in which the Collateral Giver is established.
This Pledge Agreement has been duly and validly authorized, executed and delivered by the Collateral Giver and constitutes the legal, valid and binding obligations of the Collateral Giver, enforceable against the Collateral Giver in accordance with its terms.
Such assignment by the Collateral Receiver shall be enforceable towards the Collateral Giver and third parties pursuant to the provisions of article 1690 of the Luxembourg civil code.
Such assignment by the Collateral Giver shall be enforceable towards the Collateral Receiver and third parties pursuant to the provisions of article 1690 of the Luxembourg civil code.
To that effect, the Collateral Giver shall in particular execute all documents or instruments and give all notices, orders and directions and make all registrations which the Collateral Receiver may reasonably think expedient.
This Pledge Agreement may be terminated by the Collateral Giver with two weeks written notice.
This Pledge Agreement shall be binding upon, and inure to the benefit of, the respective successors and assigns of the Collateral Giver and the Collateral Receiver (provided, however, that the Collateral Giver shall not assign or transfer any of its rights or obligations hereunder without the prior written consent of the Collateral Receiver).
The terms of this Pledge Agreement may be waived, altered or amended only by an instrument in writing duly executed by the Collateral Giver and the Collateral Receiver.
Following the application of the monies as aforesaid, any surplus shall be immediately paid by the Collateral Receiver to the Collateral Giver.
The execution and delivery by the Collateral Giver of this Pledge Agreement does not, and the performance by the Collateral Giver of its obligations under this Pledge Agreement and the consummation of the transactions contemplated hereby will not conflict with or result in a violation or breach of any of the terms, conditions or provisions of the constitutive documents of the Collateral Giver or any provision of law applicable to the Collateral Giver.