Right of Pledge definition

Right of Pledge means the security interest granted by the Pledgors to the Pledgee pursuant to Article 2 hereof, i.e., the Pledgee’s right to be paid in priority with the price at which the Equity is transferred, auctioned or sold.

Right of Pledge means all contents set forth in Article 2 hereof.

Right of Pledge means each right of pledge created by this Deed in accordance with Clause 3 (Pledge of Movable Assets).

Examples of Right of Pledge in a sentence

• The Right of Pledge shall not be affected by one or more but not all of the Secured Obligations being discharged or the Secured Obligations being amended.

• The Right of Pledge includes a right of pledge in respect of all accessory rights (afhankelijke rechten) and all ancillary rights (nevenrechten) attached to the Shares.

• The Pledgee accepts the Right of Pledge and all stipulations, covenants, undertakings, waivers, authorities and powers pursuant to this Deed.

• The Pledgor shall indemnify the Pledgee in respect of all losses, claims or liabilities (including reasonable expenses) incurred by the Pledgee in the connection with its acceptance of the Right of Pledge and the exercise by the Pledgee of any rights or powers vested in it hereunder, other than losses, claims or liabilities resulting from the willful misconduct or negligence of the Pledgee.

• The Right of Pledge means the priority right enjoyed by the Pledgee to claim the consulting and services fees, which the Pledgee is entitled to under the Service Agreement from funds obtained through conversion, auction or sale of the Equity Interests that the Pledgors pledge to the Pledgee.

More Definitions of Right of Pledge

Right of Pledge refers to the right owned by the Pledgee to be first compensated from the money converted from or the proceeds from the auction or sale of the Pledged Equity by the Pledgee in the event Pledgor and/or the Company fail to fulfill in whole the obligations specified under the Main Agreements, and such right shall cause the Pledgee to be entitled to the dividends arising from Pledged Equity.

Right of Pledge the fourth priority right of pledge (openbaar pandrecht vierde in rang) in respect of the Shares established in this Pledge Agreement;

Right of Pledge means the priority right of the Pledgee to be paid with the pledged Equity at an evaluated value or with the proceeds derived from auction or sale of the pledged Equity.

Right of Pledge means all those contained in Section 2;

Right of Pledge means each right of pledge created by this Deed in accordance with Clause 3 (Pledge of Charged Assets).

Right of Pledge means the rights conferred upon Party A pursuant to Section 2 hereunder.

Right of Pledge means each right of pledge created by this Deed in accordance with Clause 2 (Creation of security).