Examples of GC in a sentence
As continuing security for the full payment, discharge and performance of the Relevant Secured Liabilities, the Pledgor hereby pledges to the Pledgee all the Relevant Pledged Assets which are at present or are in the future deposited in the CBL GC Pooling Re-use Pledged Securities Account(s) and hereby grants to the Pledgee the Pledge (gage) over such Relevant Pledged Assets.
After the occurrence of an Event of Default notified to CBL, if any Distributions stand to the credit of a CBL GC Pooling Re-use Pledged Securities Account, the Pledgor shall be entitled to request the Pledgee to instruct CBL to transfer such Distributions out of the CBL GC Pooling Re-use Pledged Securities Account(s).
The Pledgee is entitled to notify CBL of the occurrence of the Event of Default so as to block the operation of the CBL GC Pooling Re-use Pledged Securities Account(s) and ensure CBL solely complies with the instructions of the Pledgee.
For the perfection of the Pledge, for purposes of Article 5 (2) a) (iv) of the Luxembourg Law on Financial Collateral Arrangements, the Relevant Pledged Assets shall, as and when they are credited to the CBL GC Pooling Re-use Pledged Securities Account(s), be designated in CBL’s books, collectively by reference to the relevant CBL GC Pooling Re- use Pledged Securities Account, as pledged in favour of the Pledgee (the “Perfection Requirement”).
The Third-Party CM Account Holder shall not permit to create any security over the Relevant Pledged Assets and to the extent that the Third-Party CM Account Holder is not the Collateral Giver, ensure that CBL waives any security created pursuant to the CBL Governing Documents over the CBL GC Pooling Re-Use Pledged Securities Accounts in accordance with Attachment 2 hereto.