Law on Pledge definition

Law on Pledge means the Law on Pledge of the Russian Federation No. 2872-1 dated 29 May 1992 and Articles 334-358 of the Civil Code of the Russian Federation dated 21 October 1994.
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Law on Pledge means the Law No. ▇▇▇▇-▇ "▇▇ ▇▇▇▇▇▇" dated 29th May, 1992 (as amended). "PARTICIPANTS" has the meaning ascribed to that term in the Charter, and "PARTICIPANT" means any one of them. "PLEDGED ASSETS" means the Shares and all rights, assets or property referred to in subclause 2(a) below. "SECURED LIABILITIES" means all present and future obligations and liabilities (whether actual or contingent and whether owed jointly or severally or in any other capacity whatsoever) of the Company to the Pledgee under each Financing Agreement to which it is a party. "SECURITY PERIOD" means the period beginning on the date of this Agreement and ending on the date when the Pledgee is satisfied that all the Secured Liabilities have been unconditionally and irrevocably paid in full. <PAGE> 9 "SHARES" means 34% of the total participation interests in the Company with a nominal value of 21,405,639 Roubles held by the Pledgor.
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Examples of Law on Pledge in a sentence

  • Without prejudice to any other terms and conditions of this Agreement, and solely for the purposes of Article 339 of the Civil Code and Article 5 of the Law on Pledge, the Shares owned by a Pledgor shall be deemed remaining in the possession of such Pledgor.

  • As security for the performance of its Secured Obligations and in accordance with the Civil Code and the Law on Pledge, each Pledgor hereby pledges such Pledgor’s Shares by way of first-ranking pledge in favour of the Pledgee.

  • As security for the prompt payment in full when due of the Secured Obligations, the Pledgor hereby pledges the Pledged Shares and all rights in, to and under the Pledged Shares (whether now owned by the Pledgor or hereinafter acquired and whether now existing or hereafter coming into existence) to the Lender in accordance with the Law on Pledge.

  • The Parties agree that, solely for the purposes of Article 339 of the Civil Code and Article 10 of the Law on Pledge and without prejudice to the provisions of Clause 4 (Enforcement of the pledge), as of the date of this Agreement, the value of the Shares is set out in Schedule 2 (The Shares) of this Agreement.

  • As a means of securing obligations of the Company to pay the Secured Amounts and to secure the Pledgor's obligations in favour of OPIC on the basis of this Contract and/or other agreements related to the Finance Agreement, the Pledgor pledges the Pledged Shares and all the rights under or in relation to the Pledged Shares to OPIC in accordance with the Law on Pledge No. 2872-1 of 29 May 1992 and the Civil Code of the Russian Federation of 21 October 1994.

  • Any costs and expenses incurred by the Pledgor associated with the actions contemplated in this Section 9, including any charges imposed by NRC and any applicable state duties payable under Article 15 of the Law on Pledge, shall be paid by the Pledgor.

  • For the purposes of Article 55 of the Law on Pledge (as defined below), the Company is the debtor of the Pledgor, i.e., bears certain obligations vis a vis the Pledgor by virtue of the Pledgor's ownership of the Participation Interest (as defined below).