Examples of Pledge Law in a sentence
For the purpose of Article 28 of the Registered Pledge Law, the Secured Claim of the Pledgee, which is a foreign bank, must be satisfied by the Pledgor in the relevant foreign currency in which the respective portion of the Secured Claim is denominated on its due date.
Should the Bank decide to realise the securities, bills of exchange and other negotiable instruments, notice of three days in advance regarding the steps the Bank intends taking shall be deemed to be a reasonable time for purposes of Section 19(b) of the Pledge Law, 5727-1967, or any legal provision which may come in its stead; c.
Neither Xxxxx nor any third party (including a third party having a right which may be affected by the charges hereby created or the realization thereof) shall have any right under Section 13(b) of the Pledge Law or any similar rights under any statutory provisions, in addition to Section 13(b) of the Pledge Law or in substitution therefor.
The Pledgor, or anyone whose right is likely to be prejudiced by the giving of this Debenture, or the realisation hereof, will not have a right under Section 13(b) of the Pledge Law, 5727-1967, or any legal provision which may come in its stead.
In the event that the Bank should decide to realize securities, bills and other negotiable documents – three days advance notice of the steps that the Bank is about to take will be deemed as reasonable time for purposes of Section 19(b) of the Pledge Law, 5727 – 1967 or any legal provision that may replace it.
Should the Lender decide to realise securities, Bills and other negotiable instruments, in accordance with Section 4(2) of the Pledge Law 5727-1967, then ten (10) days' advance notice regarding the steps that the Lender intends to take shall be deemed to be reasonable advance notice for the purpose of Section 19(b) of the Pledge Law, 5727-1967 or any other statutory provisions in substitution therefor.
It is hereby agreed that the provisions of Section 12 of the Pledge Law do not derogate from the Pledgor’s undertakings vis-à-vis the Pledgee or from any other undertaking that the Pledgor has signed, including pursuant to a Guarantee Agreement dated August 7, 2014 between the Borrower, the Pledgor, subsidiaries of the Pledgor listed therein and the Pledgee.
If this deed of pledge shall be signed by a limited liability company, or by a cooperative society, then the pledge created pursuant to it shall be considered as it if was made pursuant to the Pledge Law 5727-1967 and pursuant to the Companies Ordinance (New Version) 5743-1983 and/or the Companies Law 5759-1999 or pursuant to the Cooperative Societies Ordinance from 1933 according to the event.
The Pledgor, Guaranteed Party, Additional Creditor, if any, or any other person whose right may be prejudiced by granting the Debenture or by its realization, or anyone on their behalf, shall not have any right under Section 13(b) of the Pledge Law, 5727- 1967, or any provision of law to replace it, and they may not redeem the Charge, in whole or in part, by way of repaying the Secured Amounts or any part thereof prior to the arrival of the agreed repayment date.
I agree that in the event that the Bank should decide to sell the Bills of Exchange itself, notice of seven days in advance with regard to the steps the Bank is about to take shall be deemed to be a reasonable period for purposes of Section 20(b) of the Pledge Law, 5727-1967, or any legal provision which may come in its stead.