Pledge Agreement definition
Examples of Pledge Agreement in a sentence
Notwithstanding one or more partial foreclosures, the applicable Property shall remain subject to the applicable Security Instrument and/or the Pledge Agreement to secure payment of sums secured by such Security Instrument and/or the Pledge Agreement and not previously recovered.
Seller shall not take any direct or indirect action inconsistent with the Pledge Agreement or the security interest granted thereunder to Buyer in the Pledged Collateral.
The Parties shall execute and deliver the Pledge Agreement simultaneous with the execution of this Agreement.
The Parties intend that this Agreement, the Guarantee Agreement and the Pledge Agreement constitutes a “master netting agreement” as defined in Section 101(38A) of the Bankruptcy Code.
Upon an uncured Event of Default, ▇▇▇▇▇▇’▇ sole and exclusive remedy shall be to exercise rights against the Pledged Interest in accordance with the Pledge Agreement; ▇▇▇▇▇▇ waives any right to accelerate the Settlement Sum except as expressly provided herein.