Examples of Pledge Holder in a sentence
The Servicer shall notify the Master Servicer promptly in writing if the Pledge Holder does not renew a Letter of Credit.
Upon a default under the Letter of Credit by the Pledge Holder, the Company shall take possession of the assets securing the Letter of Credit and shall deposit such assets or the proceeds thereof in the Custodial Account and apply them as a prepayment of the related Pledged Asset Mortgage Loan.
The Company shall notify the Purchaser promptly in writing upon receipt of notice from the Pledge Holder of non-renewal of any Letter of Credit.
To this end, the Pledgor and the Third Party Pledge Holder shall in particular execute all documents or instruments and give all notices, orders and directions and make all registrations which the Pledgee may reasonably deem appropriate.
The Pledge Holder is responsible for managing the Pledge Account, which includes making a determination as to the types of assets or accounts the Mortgagor may pledge, as well as the Pledge Account Set-Up Value and Pledge Account Maintenance Value.