Examples of Pledged Security Collateral in a sentence
European courts also link this requirement to the characterization of acts as “confirmatory”, because“a letter that merely confirms an initial decision does not constitute a decision against which an action for annulment may be brought, for it does not bring about a distinct change in its addressee’s position” (judgment of 9 December 2004, case C-123/03 P Greencore v Commission, EU:C:2004:783, paragraph 26).
No property other than Pledged Security Collateral shall be deposited by the Pledge Custodian in the Custody Account.
The Sponsor shall not be liable for any deficiency, subject to Section 9.11(b) of this Agreement, which sets forth circumstances under which personal liability applies to the Sponsor, if the proceeds of any final sale or other disposition of the Pledged Security Collateral and any other security provided by the Sponsor for its Obligations hereunder is insufficient to pay the Obligations.
Notwithstanding any provisions of this Agreement, ownership by and release to the Sponsor (or any Class B Holder designated under Section 8.19) of any Pledged Security Collateral as described hereunder shall be in all respects subject to the provisions of any documents restricting or governing transfers and ownership of such Pledged Security Collateral.
So long as the internal procedures set forth in this Section are met by the Pledge Custodian, the Pledge Custodian may hold the Pledged Security Collateral in its vaults or in a commingled account (whether book-entry or otherwise) of the Pledge Custodian, as agent for its customers, with any bank, central depository or clearing organization as the Pledge Custodian’s subcustodian, in nominee name or otherwise.Section 8.12 Appointment and Powers of the Pledge Custodian.
Pledged Security Collateral for a total of $30,211,988.07 summary as follows: • Wells Fargo Bank $20,324,109.83 • 1st Financial Bank $ 9,887,878.24 All Voted AYE.
Pledged Security Collateral for a total of $36,163,497.56 summary as follows: • Wells Fargo Bank $28,123,905.06 • 1st Financial Bank $ 8,039,592.50 All Voted AYE.
The Pledge Custodian shall apply the cash proceeds actually received from any sale or other disposition of the Pledged Security Collateral following an Event of Default as provided in Section 7.2(b).
The Pledge Custodian shall not be liable for any loss with respect to any Pledged Security Collateral in its possession (except for any loss resulting from the Pledge Custodian’s willful misconduct or negligence), nor shall such loss diminish the Obligations.
Pledged Security Collateral for a total of $69,328,119.95 summary as follows: • Wells Fargo Bank $59,653,874.81 • 1st Financial Bank $ 9,674,245.14 All Voted AYE.