Pfandbrief Pledge definition

Pfandbrief Pledge shall have the meaning set forth in Section 11.26.
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Pfandbrief Pledge means, subject to the terms of Section 13.12, any assignment, pledge or other transfer of all or any portion of any Lender’s interest in the Loans to a trustee, administrator, receiver or any Person (or their respective nominees, agent or collateral agents or collateral trustees) (each a “Pfandbrief Trustee”) in each case in connection with the issuance of covered mortgage bonds under German Pfandbrief legislation, as such legislation may be amended and in effect from time to time, or any substitute or successor legislation with respect to a mortgage pool securing covered mortgage bonds issued by a German mortgage bank, or any other Person meeting the eligibility requirements to issue covered mortgage bonds under German Pfandbrief legislation, as such legislation may be amended and in effect from time to time, or any substitute or successor legislation.
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Pfandbrief Pledge shall have the meaning given to such term in Section 13.12(g).
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Examples of Pfandbrief Pledge in a sentence

  • Lender shall not be required to notify Borrower of any Central Bank Pledge or Pfandbrief Pledge.

  • In the event that the interest of any Lender that is assigned in connection with a Central Bank Pledge or Pfandbrief Pledge is foreclosed upon and transferred to the pledge thereof, such Lender shall have no further liability hereunder with respect to the interest that was the subject of such transfer and the assignee shall be such Lender with respect to such interest.

  • Each Lender shall not be required to notify Borrower of any Central Bank Pledge or Pfandbrief Pledge.

  • A Lender that makes a Pfandbrief Pledge is referred to herein as a “Pledging Lender.” Such Pfandbrief Trustee shall be permitted to fully exercise its rights and remedies against the Pledging Lender (including, but not limited to, foreclosing on the Pledging Lender’s Notes) and realize on any and all collateral granted by such Pledging Lender to the Pfandbrief Trustee in accordance with this Section.

  • This Section 7.5 shall not apply to any Central Bank Pledge or, unless it is an assignment or transfer, any Pfandbrief Pledge.


More Definitions of Pfandbrief Pledge

Pfandbrief Pledge has the meaning set forth in Section 7.1 hereof.
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Related to Pfandbrief Pledge

  • U.S. Pledge Agreement means a Pledge Agreement substantially in the form of Exhibit B-1 between the Borrower, the Subsidiary Guarantors and the Administrative Agent.

  • Canadian Pledge Agreement means a pledge agreement, in form and substance reasonably satisfactory to the Administrative Agent, executed by the Borrower and each Guarantor that is a Canadian Subsidiary, pursuant to which each such Person pledges to the Collateral Agent all of its right, title and interest in and to all Stock of each Subsidiary in which it has an interest, as the same may be amended, restated, supplemented or otherwise modified from time to time.

  • Sale or Pledge means a voluntary or involuntary sale, conveyance, mortgage, grant, bargain, encumbrance, pledge, assignment, grant of any options with respect to, or any other transfer or disposition of (directly or indirectly, voluntarily or involuntarily, by operation of law or otherwise, and whether or not for consideration or of record) of a legal or beneficial interest.