Pledge and Administration Agreement definition

Pledge and Administration Agreement means the Pledge and Administration Agreement, dated as of June 30, 2009, among Dexia, DCL, Dexia Bank Belgium SA, Financial Security Assurance Inc., Party B, FSA Portfolio Asset Limited, Dexia FP Holdings Inc., FSA Capital Markets Services LLC, FSA Capital Management Services LLC, FSA Capital Markets Services (Caymans) Ltd. and The Bank of New York Mellon Trust Company, National Association, as the same may be amended, supplemented or modified from time to time.
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Pledge and Administration Agreement means the Pledge and Administration Agreement, dated as of June 30, 2009, entered into among Dexia SA, Dexia Crédit Local S.A., Dexia Bank Belgium SA, Dexia FP Holdings Inc., Financial Security Assurance Inc. (“FSA”), FSA Asset Management LLC (“FSAM”), FSA Portfolio Asset Limited, FSA Capital Markets Services LLC, FSA Capital Markets Services (Caymans) Ltd., FSA Capital Management Services LLC and The Bank of New York Mellon Trust Company, National Association as Collateral Agent (the “Collateral Agent”), as amended, restated, supplemented or otherwise modified from time to time..
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Pledge and Administration Agreement shall have the meaning provided in the Separation Agreement.
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Examples of Pledge and Administration Agreement in a sentence

  • The obligations of Party B in relation to this Agreement and any Transaction hereunder are limited recourse obligations, payable solely from the proceeds of the FSAM Collateral (as defined in the Pledge and Administration Agreement) available under and applied in accordance with the Priority of Payments set forth in Section 11.1(b) of the Pledge and Administration Agreement.

  • Capitalized terms used but not defined herein have the meaning provided to them under the Pledge and Administration Agreement.

  • The first sentence (ending at the colon before subparagraph (a)) of Paragraph 11 of the Base Agreement (“Events of Default”) is hereby amended to read as follows: “In the event that a Dexia Event of Default as defined in the Pledge and Administration Agreement occurs (with respect to Buyer an “Event of Default”):” For the avoidance of doubt, no Events of Default shall apply to Seller and the provisions of Paragraph 11 referring to circumstances where the Seller is the defaulting party shall be disregarded.

  • Amounts received on a termination of a Transaction shall be applied in the order of priority set forth in Section 11.1(b)(viii) of the Pledge and Administration Agreement.

  • The obligations of Party B in relation to this Agreement and any Transaction hereunder are limited recourse obligations, payable solely from the proceeds of the FSAM Collateral (as defined in the Pledge and Administration Agreement) available under and applied in accordance with the Priority of Payments set forth in the Pledge and Administration Agreement.

  • This Amendment Agreement and the termination of the FSA Policy contemplated hereby will become effective upon (i) delivery to FSAM (with a copy to FSA) of an executed Guarantee, as contemplated by Section 1.1 of this Amendment Agreement, (ii) surrender of the FSA Policy terminated pursuant to Section 1.2 to FSA, and (iii) DCL’s confirmation to Party A that the Closing Date as defined in the Pledge and Administration Agreement has occurred (the date of such confirmation the “Amendment Effective Date”).

  • Capitalized terms used but not defined herein shall have meanings assigned such terms in the Guaranteed Put Confirmation, the Non-Guaranteed Put Confirmation or the Pledge and Administration Agreement.

  • Upon application of the FSAM Collateral and proceeds thereof available to satisfy the obligations of Party B hereunder in accordance with the Pledge and Administration Agreement, Dexia and DCL shall not be entitled to take any further steps against Party B to recover any sums due and shall not constitute a claim against Party B to the extent of any insufficiency.

  • Following delivery of such notice, such rights of FSAM under the FSAM Master Agreement may or shall be exercised by the Collateral Agent under the Pledge and Administration Agreement.

  • Upon application of the FSAM Collateral and proceeds thereof available to satisfy the obligations of Party B hereunder in accordance with the Pledge and Administration Agreement, Party A shall not be entitled to take any further steps against Party B to recover any sums due and shall not constitute a claim against Party B to the extent of any insufficiency.


More Definitions of Pledge and Administration Agreement

Pledge and Administration Agreement means the Pledge and Administration Agreement dated as of June 30, 2009 among, inter alia, Dexia, DCL, FSAM, FSA and The Bank of New York Mellon Trust Company, N.A. as Collateral Agent;
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