Property pledge agreement means the pledge over the Existing Property Mortgages entered into between the Property Companies and the Agent (acting on its own behalf and in its capacity as agent and security agent representing the Bondholders).
Property pledge agreement means any written bailment or similar agreement whereby a title pledge lender agrees to make a loan of money to a pledgor, and the pledgor agrees for the title pledge lender to take physical possession of unencumbered titled personal property owned by the pledgor, and to take possession of the personal property certificate of title. The pledgor shall have the exclusive right to redeem the titled personal property by repaying the loan of money in full and by complying with the property pledge agreement. When the titled personal property is redeemed, the title pledge lender shall return the titled personal property and the certificate of title to the pledgor. The property pledge agreement shall provide that upon failure by the pledgor to redeem the titled personal property at the end of the original thirty-day agreement period, or the end of any subsequent thirty-day renewal or renewals thereof, the title pledge lender shall be allowed to sell or otherwise dispose of the titled personal property;
Property pledge agreement means any written bailment or similar agreement whereby a title pledge lender agrees to make a loan of money to a
Examples of Property pledge agreement in a sentence
Property pledge agreement" means any written bailment or similar agreement whereby a title pledge lender agrees to make a loan of money to a pledgor, and the pledgor agrees for the title pledge lender to take physical possession of unencumbered titled personal property owned by the pledgor, and to take possession of the personal property certificate of title.