Examples of Movable Assets in a sentence
The Pledgor undertakes to cooperate with the Pledgee and to perform all actions as may be necessary in order for the Pledge to be exercised successfully and with the highest possible proceeds, including submitting to the Pledgee all required records and documents related to the Movable Assets and the enforcement of the Pledge.
Upon registration of the Pledge in the Register, the Pledge shall become a first ranking pledge over the Movable Assets valid, effective and enforceable against the Pledgor and any third party in accordance with the terms and conditions of this Agreement and the applicable laws.
The Pledge over the Movable Assets shall be perfected upon valid and effective execution of this Agreement and upon registration of the Pledge in the Register.
The Pledgee shall be entitled to commence the enforcement of the Pledge over all or any of the Movable Assets or its part to satisfy all or any of the Secured Receivables.
The Pledgee does not hereby assume any of the obligations of the Pledgor arising out of the ownership of Movable Assets and the Pledgor remains at all times obliged from any and all obligations arising out of the ownership of Movable Assets.