Creation of the Pledge Sample Clauses

Creation of the Pledge. (a) In order to secure the due and prompt satisfaction of any of the Obligations (including any obligations under the Hedging Agreements (as defined in the Credit Agreement)), each Pledgor, respectively, hereby grants in favor of the Pledgee for its own benefit and for the benefit of the Secured Parties, a first priority duly perfected pledge of, and security interest in, all of its rights and title in and to the Pledged Partnership Interests, the entry made in the partners’ registry book of the Company representing the Pledged Partnership Interests, and in and to all dividends, distributions (whether in cash, in kind, in other partnership interest or in any other form), cash, instruments, shares and other property from time to time received, receivable, payable or otherwise distributed in respect of or in exchange for any or all of each Pledgor’s interest in such Pledged Partnership Interests and all proceeds of the foregoing (collectively, the “Collateral”). (b) For purposes of perfecting the pledge and security interest created hereunder, as required by Article 334, Section III of the LGTOC, on the date hereof, each Pledgor delivers to the Pledgee, a copy of the entry in the partners’ registry book (libro de registro de socios) of the Company, containing a notation duly certified by the Secretary of the Board of Managers and a notary public stating that the Pledged Partnership Interests have been pledged in favor of the Pledgee hereunder. (c) Each Pledgor agrees to file this Agreement for registration with the Registry of Guaranties on Movable Assets (as defined below) within fifteen (15) business days after the date on which such registry starts operating (with such extensions as the Pledgee may grant in its sole discretion) and shall obtain and deliver to the Pledgee written confirmation, in terms satisfactory to the Pledgee, of the registration of this Agreement with the Registry of Guaranties on Movable Assets, within one hundred and twenty (120) calendar days from the date of its filing before the Registry of Guaranties on Movable Assets (with such extensions as the Pledgee may grant in its sole discretion). “Registry of Guaranties on Movable Assets” means the guaranty section in the public registry of commerce corresponding to the corporate domicile of the Pledgors, pursuant to the provisions of the amending decree upon which certain provisions to the Commerce Code are added (Decreto por el que se reforman y adicionan algunas disposiciones del Cód...

Creation of the Pledge. As continuing security for the full payment, discharge and performance of the Relevant Secured Liabilities, the Pledgor hereby pledges to the Pledgee all the Relevant Pledged Assets which are at present or are in the future deposited in the CBL GC Pooling Re-use Pledged Securities Account(s) and hereby grants to the Pledgee the Pledge (gage) over such Relevant Pledged Assets.

Creation of the Pledge. As continuing first ranking security for the due and full payment, discharge and performance of the Relevant Secured Liabilities, the Pledgor hereby pledges to the Pledgee all the Relevant Pledged Assets which are at present or are in the future deposited in the relevant CmaX ISA Direct Luxembourg Pledged Securities Account(s) and hereby grants to the Pledgee a first ranking security (“gage”) over such Relevant Pledged Assets.

Creation of the Pledge. As continuing security for the due and full payment, discharge and performance of the Relevant Secured Liabilities, the Pledgor hereby pledges to the Pledgee the Relevant Pledged Assets which are at present or are in the future deposited in the relevant Non- CmaX Pledged Account and hereby grants to the Pledgee a Pledge (gage) over such Relevant Pledged Assets. The Third-Party CM Account Holder hereby acknowledges the Pledge created by the Pledgor in favour of the Pledgee in relation to the Relevant Pledged Assets deposited from time to time to the credit of the relevant Non-CmaX Pledged Account pursuant to, and in accordance with, this Schedule 2, and hereby acknowledges and confirms to hold such Relevant Pledged Assets from time to time standing to the credit of the relevant Non-CmaX Pledged Account for the benefit of the Pledgor, as owner of the Relevant Pledged Assets and pledgor, and Eurex Clearing AG, as pledgee.

Creation of the Pledge. (1) The Pledgor shall establish the Pledge upon the Pledged Shares in favor of the Pledgee under the terms of this Agreement to secure the Secured Obligations, and the Pledgee shall be granted with the Pledge upon the Pledged Shares in accordance with this Agreement. (2) In furtherance of the establishment of the Pledge, the Pledgor shall, on the Execution Date: 1. indicate the name of the Pledgee as the pledgee on the share certificates representing the Pledged Shares and deliver the said share certificates to the Pledgee; 2. cause the Company to record the Pledgee’s name and address, along with the fact that the Pledge upon the Pledged Shares has been established, in the shareholder registry of the Company and provide the Pledgee with a certified true copy of the original shareholder registry reflecting such recordation; and 3. execute and deliver to the Pledgee a written (i) letter of consent for disposal in the form attached to this Agreement as Exhibit 1, and (ii) certificate of transfer in the form attached to this Agreement as Exhibit 2, each affixed with the registered personal seal of the Pledgor, and provide two (2) copies of the certificate of the registered personal seal to the Pledgee. (3) In addition to those specified in Section 2(2), the Pledgor shall take all necessary actions, including the preparation of documents and other necessary measures as reasonably requested by the Pledgee to establish, maintain and perfect the Pledge.

Creation of the Pledge. As continuing first ranking security for the due and full payment and discharge of the Obligations, the Pledgor agrees to pledge and hereby pledges the PECs and its present and future claims, rights, title and interest in the PECs to, and in favour of, the Pledgee, who accepts the Pledge.

Creation of the Pledge. 1.1. - Subject to the provisions of the Intercreditor Agreement and this Agreement, and as security for full performance of all pecuniary obligations assumed in the Debt Instruments, including full payment of the amount of principal, interest, and any and all other charges due by the NET Companies and/or the companies controlled by Net Serviços under the Debt Instruments, including reimbursement of any and all amounts provenly and justifiably disbursed by the Collateral Agent by virtue of the creation, maintenance and/or enforcement of the pledge hereunder (collectively, the “Secured Obligations”), based on the general provisions of Articles 1419 et seq. of the Brazilian Civil Code in force (the “Civil Code”), by this Agreement and in the best form of law, irrevocably and irreversibly, each of the NET Companies hereby pledges (and, in the case of Dabny, L.L.C. and Jonquil Ventures Limited, grants a security interest) to the Creditors the assets owned by them, as listed and identified in “Schedule 5” of this Agreement (the “Assets” or “Pledge”), which represent the entirety of the assets that on September 30, 2004 compose the transmission network of Net Companies for the provision of services of any nature (the “Transmission Network”). 1.1.1. The Assets shall correspond to the entirety of the assets that compose the Transmission Network of the NET Companies, including, but not limited to, the following equipment: (i) trunk coaxial cables; (ii) distribution coaxial cables; (iii) fiber optic cables; (iv) divisors; (v) couplings; (vi) power sources; (vii) trunk amplifiers; (viii)

Creation of the Pledge. As continuing first ranking security for the due and full payment, discharge and performance of the Relevant Secured Liabilities, the Pledgor hereby pledges to the Pledgee all the Relevant Pledged Assets which are at present or are in the future deposited in the relevant Luxembourg Basic Clearing Member Pledged Securities Account(s) and hereby grants to the Pledgee a first ranking security (“gage”) over such Relevant Pledged Assets. The Parties hereby agree that each Luxembourg Basic Clearing Member Pledged Securities Account shall be subject to an account control mechanism as further set out in Clause 2.2 (Perfection of the Pledge).

Creation of the Pledge. As continuing first ranking security for the full payment, discharge and performance of the Relevant Secured Liabilities, the Pledgor hereby pledges to the Pledgee all the Relevant Pledged Assets which are at present or are in the future deposited in the GC Pooling Re- use Basic Clearing Member Pledged Securities Account(s) and hereby grants to the Pledgee a first ranking security (“gage”) over such Relevant Pledged Assets. The Parties hereby agree that each GC Pooling Re-use Basic Clearing Member Pledged Securities Account shall be subject to an account control mechanism as further set out in Clause 4.2 (Perfection of the Pledge).