The Pledgee definition
Examples of The Pledgee in a sentence
The Pledgee shall not be liable for any loss incurred by its duly exercise of such rights and powers.
The Pledgee will hold in accordance with this Agreement all items of the Collateral at any time received under this Agreement.
The Pledgee shall not be obligated to make any such sale of Collateral regardless of whether any such notice of sale has theretofore been given.
The Pledgee shall only remain liable for diligently selecting and providing initial instructions to such delegate.
The Pledgee shall have full power to delegate (either generally or specifically) the powers, authorities and discretions conferred on it by this Agreement on such terms and conditions as it shall see fit.
The Pledgee shall have no duty as to the collection or protection of the Collateral or any income thereon nor any duty as to preservation of any rights pertaining thereto, except to apply the funds in accordance with the requirements of Section 10 hereof.
The Pledgee shall have the full power to enforce or to assign or contract is rights under this Agreement to a third party.
The Pledgee may give such notice only if an Enforcement Event has occurred and is continuing.
The Pledgee however, shall also be entitled to take action against the Pledgor in any other court of competent jurisdiction.
The Pledgee may adjourn any public or private sale from time to time by announcement at the time and place fixed therefor, and such sale may, without further notice, be made at the time and place to which it was so adjourned.