Examples of Hypothecation Agreement in a sentence
Each of the Owners shall enter into a Hypothecation Agreement in a form satisfactory to Lender pursuant to which the Owners will agree to pledge their respective Parcels for the benefit of the Lender and pursuant to which the Owners will agree to account for the deposit of Rents into the Clearing Accounts in a manner which will insure that each Owner is properly credited for its respective share of the Rents.
Create or suffer to exist any mortgage, pledge, lien, security interest or other encumbrance with respect to any Collateral under the Hypothecation Agreement except Permitted Encumbrances.
No consent of, or filing with, any governmental authority is required on the part of any Loan Party in connection with the execution, delivery or performance of any Loan Documents, except for UCC financing statements required to be filed to perfect the security interests granted under the Hypothecation Agreement.
All other terms and conditions of the Letter of Credit and Hypothecation Agreement remain unchanged.
The Note shall be secured pursuant to the Hypothecation Agreement (the "Hypothecation Agreement") attached hereto as Exhibit B.
The parties hereto have agreed to amend certain provisions of each of the Credit Agreement and the Hypothecation Agreement as hereinafter set forth.
The value of the underlying investments of the limited partnership interests are assessed annually and are approximately equal to the original cost.
The TRUSTEE and its successors and assigns is hereby appointed to act as escrow agent for the purposes of this Hypothecation Agreement and the TRUSTEE hereby agrees to act as escrow agent in accordance with the terms and conditions of this AGREEMENT.
Letters of Credit shall be denominated in U.S. Dollars.Availability under the Facility will be subject to the Collateral Requirements (as defined in the Hypothecation Agreement) ascribed to the securities and other financial assets pledged by Greenlight as security under the Hypothecation Agreement referred to below.
For purposes of this letter agreement and the Hypothecation Agreement, “Cash Collateralization Date” shall mean the earliest of (i) the Facility Termination Date and (ii) the date of the termination of the Custody Agreement or the Control Agreement, other than as a result of (A) a discretionary termination of the Custody Agreement by the Custodian (as defined therein), or (B) a discretionary termination of the Control Agreement by the Securities Intermediary (as defined therein).