Examples of Pledge Agreements in a sentence
Borrower hereby ratifies, confirms and reaffirms, all and singular, the terms and conditions of a certain Negative Pledge Agreements each dated as of January 30, 2003 between Borrower and Bank, and acknowledges, confirms and agrees that said Negative Pledge Agreement shall remain in full force and effect.
The Collateral Custodian Agreement is the agreement relating to the Pledge Agreements described in (iii) above, under which the collateral provided by the Equity Contract Counterparty is held in custody accounts in the name of the Equity Contact Counterparty at The Bank of New York Mellon (Luxembourg) S.A.
The Collateral Custodian Agreement is the agreement relating to the Pledge Agreements described in (iii) above, under which the collateral provided by the Equity Contract Counterparty is held in custody accounts in the name of the Equity Contact Counterparty at The Bank of New York Mellon (Luxembourg) S.A. The securitised assets backing the issue have characteristics that demonstrate capacity to produce funds to service any payments due and payable on the securities.
This Agreement, the Revolving Credit Notes, the Guaranty Agreement and the Pledge Agreements shall each have been duly authorized, executed and delivered to the Administrative Agent by the parties thereto, shall be in full force and effect and no Default shall exist hereunder.
However, the CBC has been advised that a parallel debt, such as the Parallel Debt, creates a claim of the Security Trustee thereunder which can be validly secured by a right of pledge such as the rights of pledge created by the Pledge Agreements.