Examples of Secured Obligations in a sentence
If any payments received in relation to the Secured Obligations are set aside in the event of bankruptcy, the Secured Obligations will be restored to also include such payments, and this Pledge Agreement will remain in force notwithstanding any termination of this Pledge Agreement and/or the fulfil- ment of the Secured Obligations.
For as long as any part of the Secured Obligations remains outstanding, in case of bankruptcy of the Company or any other Debtor, the Security Agent on behalf of the Secured Parties is entitled to receive all payments by way of dividends or otherwise due from the Company’s or any other Debtor's bankruptcy estate to the Pledgor.
The Pledgor will have no right to subro- gate, wholly or partly, in any security provided to the Secured Parties for fulfilment of the Secured Obligations until all of the Secured Obligations have been fully and finally paid.
This Pledge Agreement takes effect on the date hereof and will remain effective until the Secured Obligations have been fully and finally discharged to the satisfaction of the Security Agent and confirmed in writ- ing, whether or not as the result of an enforcement, and no Secured Party is subject to any further obligation to provide financial accommodation to any Debtor under any Debt Documents.
As security for the fulfilment of the Secured Obligations, the Pledgor hereby pledges with first priority (in Danish: første prioritet) to the Security Agent as agent and representative (in Danish: fuldmægtig og repræsentant) on behalf of itself and the Secured Parties all its rights, title and interest in and to the Shares.