Common use of Creation of the Pledge Clause in Contracts

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 Third Party Pledge 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 GC Pooling Re-use Basic Clearing Member Pledged Securities 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 GC Pooling Re-use Basic Clearing Member Pledged Securities Account for the benefit of the Pledgor, as owner of the Relevant Pledge Assets and pledgor, and Eurex Clearing AG, as pledgee. 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).

Appears in 3 contracts

Sources: Pledge Agreement, Pledge Agreement, Pledge Agreement

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 GC Pooling Re- use 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 Third Party Pledge 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 GC Pooling Re-use Luxembourg Basic Clearing Member Pledged Securities Account pursuant to and in accordance with this Schedule 2 2, and hereby acknowledges and confirms to hold such Relevant Pledged Assets from time to time standing to the credit of the relevant GC Pooling Re-use Luxembourg Basic Clearing Member Pledged Securities Account for the benefit of the Pledgor, as owner of the Relevant Pledge Assets and pledgor, and Eurex Clearing AG, as pledgee. The Parties hereby agree that each GC Pooling Re-use Luxembourg Basic Clearing Member Pledged Securities Account shall be subject to an account control mechanism as further set out in Clause 4.2 2.2 (Perfection of the Pledge).

Appears in 3 contracts

Sources: Pledge Agreement, Pledge Agreement, Pledge Agreement

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 GC Pooling Re- use relevant CmaX Basic Clearing Member Pledged Securities Account(s) and hereby grants to the Pledgee a first ranking security (“gage”) over such Relevant Pledged Assets. The Third Party Pledge 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 GC Pooling Re-use CmaX Basic Clearing Member Pledged Securities 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 GC Pooling Re-use CmaX Basic Clearing Member Pledged Securities Account for the benefit of the Pledgor, as owner of the Relevant Pledge Assets and pledgor, and Eurex Clearing AG, as pledgee. The Parties hereby agree that each GC Pooling Re-use CmaX Basic Clearing Member Pledged Securities Account shall be subject to an account control mechanism as further set out in Clause 4.2 3.2 (Perfection of the Pledge).

Appears in 3 contracts

Sources: Pledge Agreement, Pledge Agreement, Pledge Agreement

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 CBL GC Pooling Re- Re-use Basic Clearing Member Pledged Securities Account(s) and hereby grants to the Pledgee a first ranking security the Pledge (gage) over such Relevant Pledged Assets. The Third Third-Party Pledge 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 CBL GC Pooling Re-use Basic Clearing Member Pledged Securities Account pursuant to to, and in accordance with 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 CBL GC Pooling Re-use Basic Clearing Member Pledged Securities Account for the benefit of the Pledgor, as owner of the Relevant Pledge Pledged Assets and pledgor, and Eurex Clearing AG, as pledgee. 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).

Appears in 2 contracts

Sources: Pledge Agreement, Pledge Agreement

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 ISA Direct Luxembourg Pledged Securities Account(s) and hereby grants to the Pledgee a first ranking security (“gage”) over such Relevant Pledged Assets. The Third Party Pledge 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 GC Pooling Re-use Basic Clearing Member ISA Direct Luxembourg Pledged Securities Account pursuant to to, and in accordance with 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 GC Pooling Re-use Basic Clearing Member ISA Direct Luxembourg Pledged Securities Account for the benefit of the Pledgor, as owner of the Relevant Pledge Pledged Assets and pledgor, and Eurex Clearing AG, as pledgee. 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).

Appears in 2 contracts

Sources: Pledge Agreement, Pledge Agreement

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 GC Pooling Re- use Basic Clearing Member 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. The Third Party Pledge 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 GC Pooling Re-use Basic Clearing Member CmaX ISA Direct Luxembourg Pledged Securities Account pursuant to to, and in accordance with 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 GC Pooling Re-use Basic Clearing Member CmaX ISA Direct Luxembourg Pledged Securities Account for the benefit of the Pledgor, as owner of the Relevant Pledge Pledged Assets and pledgor, and Eurex Clearing AG, as pledgee. 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).

Appears in 2 contracts

Sources: Pledge Agreement, Pledge Agreement

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 CBL GC Pooling Re- Re-use Basic Clearing Member Pledged Securities Account(s) and hereby grants to the Pledgee a first ranking security the Pledge (gage) over such Relevant Pledged Assets. The Third Third-Party Pledge 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 CBL GC Pooling Re-use Basic Clearing Member Pledged Securities Account pursuant to to, and in accordance with 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 CBL GC Pooling Re-use Basic Clearing Member Pledged Securities Account for the benefit of the Pledgor, as owner of the Relevant Pledge Pledged Assets and pledgor, and Eurex Clearing AG, as pledgee. 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).

Appears in 1 contract

Sources: Pledge Agreement

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 GC Pooling Re- use Basic Clearing Member 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. The Third Party Pledge 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 GC Pooling Re-use Basic Clearing Member CmaX ISA Direct Luxembourg Pledged Securities Account pursuant to to, and in accordance with 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 GC Pooling Re-use Basic Clearing Member CmaX ISA Direct Luxembourg Pledged Securities Account for the benefit of the Pledgor, as owner of the Relevant Pledge Assets and pledgor, and Eurex Clearing AG, as pledgee. 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).

Appears in 1 contract

Sources: Pledge Agreement

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 ISA Direct Luxembourg Pledged Securities Account(s) and hereby grants to the Pledgee a first ranking security (“gage”) over such Relevant Pledged Assets. The Third Party Pledge 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 GC Pooling Re-use Basic Clearing Member ISA Direct Luxembourg Pledged Securities Account pursuant to to, and in accordance with 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 GC Pooling Re-use Basic Clearing Member ISA Direct Luxembourg Pledged Securities Account for the benefit of the Pledgor, as owner of the Relevant Pledge Assets and pledgor, and Eurex Clearing AG, as pledgee. 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).

Appears in 1 contract

Sources: Pledge Agreement