Examples of Pledging Lender in a sentence
A Lender that makes a Pfandbrief Pledge is referred to herein as a “Pledging Lender.” Such Pfandbrief Trustee shall be permitted to fully exercise its rights and remedies against the Pledging Lender (including, but not limited to, foreclosing on the Pledging Lender’s Notes) and realize on any and all collateral granted by such Pledging Lender to the Pfandbrief Trustee in accordance with this Section.
Neither a Pfandbrief Transfer nor any Additional Transfer (except, in the case of any such Additional Transfer that complies with the terms and provisions of this Agreement pursuant to which the Pledging Lender (or its successor in interest as the case may be) would be released from its obligations accruing from and after the Additional Transfer) shall result in the release of the Pledging Lender (or its successor in interest as the case may be) from any of its obligations under the Loan Documents.
A Lender that makes a Pfandbriefe Pledge is referred to herein as a “Pledging Lender.” Such Pfandbriefe Trustee shall be permitted to fully exercise its rights and remedies against the Pledging Lender (including, but not limited to, foreclosing on the Pledging Lender’s Note) and realize on any and all collateral granted by such Pledging Lender to the Pfandbriefe Trustee.
The Pledging Lender shall promptly reimburse Administrative Agent for any and all out-of-pocket costs and expenses incurred by Administrative Agent in connection with any Pfandbrief Transfer or Additional Transfer.
Unless the Pledged Collateral is of a type customarily sold on a recognized market, the Collateral Agent will send or otherwise make available to the Pledging Lender to which any Pledged Collateral is payable reasonable notice of the time and place of any public sale or of the time on or after which any private sale of such Pledged Collateral is to be made.
Any Pfandbrief Pledging Lender that is a Defaulting Lender that is still permitted to participate during any period in the administration of the Loans and the Loan Documents pursuant to the foregoing sentence will be referred to hereinafter as a “Pfandbrief Defaulting Lender” for such period.
Neither a Pfandbriefe Transfer nor any Additional Transfer (except, in the case of any such Additional Transfer that complies with the terms and provisions of this Agreement pursuant to which the Pledging Lender would be released from its obligations accruing from and after the Additional Transfer) shall result in the release of the Pledging Lender from any of its obligations under the Loan Documents.
Without limitation, at the Collateral Agent's request, each Pledging Lender shall execute and deliver (or cause any third party to execute and deliver) to the Collateral Agent, at any time and from time to time, all Supplemental Documentation that the Collateral Agent reasonably may request, in form and substance acceptable to the Collateral Agent.
Each Pledging Lender hereby waives any right to receive notice of any public or private sale of any Pledged Collateral or other security for the Secured Obligations except as expressly provided for in this Section.
The Pledging Lender shall promptly reimburse Administrative Agent for any and all out-of-pocket costs and expenses incurred by Administrative Agent in connection with any Pfandbriefe Transfer or Additional Transfer.