Disposal. The Pledgor shall not, nor shall the Pledgor agree to, enter into a single transaction or a series of transactions (whether related or not and whether voluntary or involuntary) to sell, lease, transfer or otherwise dispose of the Relevant Pledged Assets, except as permitted by the Clearing Conditions and the Agreement and as long as no Event of Default has occurred. The Third Party Pledge Holder shall not permit any transfer of Relevant Pledged Assets from the credit of the GC Pooling Re-use Basic Clearing Member Pledged Securities Account, except as permitted by the Clearing Conditions and the Agreement and as long as no Event of Default has occurred. As of the occurrence of an Event of Default, the Pledgor may no longer dispose of the Relevant Pledged Assets and the Third Party Pledge Holder shall no longer permit that any transfer of Relevant Pledged Assets from the credit of the GC Pooling Re-use Basic Clearing Member Pledged Securities Accounts be made (except as otherwise agreed with the Pledgee) and the Pledgee is allowed to notify CBL of the occurrence of the Event of Default.
Appears in 3 contracts
Sources: Pledge Agreement, Pledge Agreement, Pledge Agreement
Disposal. The Pledgor shall not, nor shall the Pledgor agree to, enter into a single transaction or a series of transactions (whether related or not and whether voluntary or involuntary) to sell, lease, transfer or otherwise dispose of the any Relevant Pledged Assets, except as permitted by the Clearing Conditions and the Agreement and as long as no Event of Default has occurred. The Third Party Pledge Holder shall not permit any transfer of Relevant Pledged Assets from the credit of the GC Pooling Re-use CmaX Basic Clearing Member Pledged Securities AccountAccounts, except as permitted by the Clearing Conditions and the Agreement and as long as no Event of Default has occurred. As of the occurrence of an Event of Default, the Pledgor may no longer dispose of the Relevant Pledged Assets and the Third Party Pledge Holder shall no longer permit that any transfer of Relevant Pledged Assets from the credit of the GC Pooling Re-use CmaX Basic Clearing Member Pledged Securities Accounts be made (except as otherwise agreed with the Pledgee) and the Pledgee is allowed to notify CBL of the occurrence of the Event of Default.
Appears in 3 contracts
Sources: Pledge Agreement, Pledge Agreement, Pledge Agreement
Disposal. The Pledgor shall not, nor shall the Pledgor agree to, enter into a single transaction or a series of transactions (whether related or not and whether voluntary or involuntary) to sell, lease, transfer or otherwise dispose of the any Relevant Pledged Assets, except as permitted by the Clearing Conditions and the Agreement and as long as no Event of Default has occurred. The Third Party Pledge Holder shall not permit any transfer of Relevant Pledged Assets from the credit of the GC Pooling Re-use Luxembourg Basic Clearing Member Pledged Securities AccountAccounts, except as permitted by the Clearing Conditions and the Agreement and as long as no Event of Default has occurred. As of the occurrence of an Event of Default, the Pledgor may no longer dispose of the Relevant Pledged Assets and the Third Party Pledge Holder shall no longer permit that any transfer of Relevant Pledged Assets from the credit of the GC Pooling Re-use Luxembourg Basic Clearing Member Pledged Securities Accounts be made (except as otherwise agreed with the Pledgee) and the Pledgee is allowed entitled to notify CBL of the occurrence of the Event of Default.
Appears in 3 contracts
Sources: Pledge Agreement, Pledge Agreement, Pledge Agreement
Disposal. The Pledgor shall not, nor shall the Pledgor agree to, enter into a single transaction or a series of transactions (whether related or not and whether voluntary or involuntary) to sell, lease, transfer or otherwise dispose of the any Relevant Pledged Assets, except as permitted by the Clearing Conditions and the Agreement and as long as no Event of Default has occurred. The Third Party Pledge Holder shall not permit any transfer of Relevant Pledged Assets from the credit of the GC Pooling Re-use Basic Clearing Member Luxembourg ISA Direct Pledged Securities AccountAccounts, except as permitted by the Clearing Conditions and the Agreement and as long as no Event of Default has occurred. As of the occurrence of an Event of Default, the Pledgor may no longer dispose of the Relevant Pledged Assets and the Third Party Pledge Holder shall no longer permit that any transfer of Relevant Pledged Assets from the credit of the GC Pooling Re-use Basic Clearing Member Luxembourg ISA Direct Pledged Securities Accounts be made (except as otherwise agreed with the Pledgee) and the Pledgee is allowed entitled to notify CBL of the occurrence of the Event of Default.
Appears in 3 contracts
Sources: Pledge Agreement, Pledge Agreement, Pledge Agreement
Disposal. The Pledgor shall not, nor shall the Pledgor agree to, enter into a single transaction or a series of transactions (whether related or not and whether voluntary or involuntary) to sell, lease, transfer or otherwise dispose of the any Relevant Pledged Assets, except as permitted by the Clearing Conditions and the Agreement and as long as no Event of Default has occurred. The Third Party Pledge Holder shall not permit any transfer of Relevant Pledged Assets from the credit of the GC Pooling Re-use Basic Clearing Member CmaX ISA Direct Luxembourg Pledged Securities AccountAccounts, except as permitted by the Clearing Conditions and the Agreement and as long as no Event of Default has occurred. As of the occurrence of an Event of Default, the Pledgor may no longer dispose of the Relevant Pledged Assets and the Third Party Pledge Holder shall no longer permit that any transfer of Relevant Pledged Assets from the credit of the GC Pooling Re-use Basic Clearing Member CmaX ISA Direct Luxembourg Pledged Securities Accounts be made (except as otherwise agreed with the Pledgee) and the Pledgee is allowed to notify CBL of the occurrence of the Event of Default.
Appears in 3 contracts
Sources: Pledge Agreement, Pledge Agreement, Pledge Agreement
Disposal. The Pledgor shall not, nor shall the Pledgor agree to, enter into a single transaction or a series of transactions (whether related or not and whether voluntary or involuntary) to sell, lease, transfer or otherwise dispose of the Relevant Pledged Assets, except as permitted by the Clearing Conditions and the Agreement and as long as no Event of Default has occurred. The Third Party Pledge Holder shall not permit any transfer of Relevant Pledged Assets from the credit of the GC Pooling Re-use Basic Clearing Member ISA Direct Luxembourg Pledged Securities Account, except as permitted by the Clearing Conditions and the Agreement and as long as no Event of Default has occurred. As of the occurrence of an Event of Default, the Pledgor may no longer dispose of the Relevant Pledged Assets and the Third Party Pledge Holder shall no longer permit that any transfer of Relevant Pledged Assets from the credit of the GC Pooling Re-use Basic Clearing Member ISA Direct Luxembourg Pledged Securities Accounts be made (except as otherwise agreed with the Pledgee) and the Pledgee is allowed to notify CBL of the occurrence of the Event of Default.
Appears in 3 contracts
Sources: Pledge Agreement, Pledge Agreement, Pledge Agreement
Disposal. The Pledgor shall not, nor shall the Pledgor agree to, enter into a single transaction or a series of transactions (whether related or not and whether voluntary or involuntary) to sell, lease, transfer or otherwise dispose of the any Relevant Pledged Assets, Assets except as permitted by the Clearing Conditions and Conditions, the Collateral Management Service Agreements, the Agreement (including this Schedule 2) or the arrangements governing a Previous Pledge or a Permitted Pledge, and as long as no Event of Default has occurred. The Third Third-Party Pledge CM Account Holder shall not permit any transfer of Relevant Pledged Assets from the credit of the GC Pooling Re-use Basic Clearing Member CmaX Pledged Securities AccountAccounts, except as permitted by the Clearing Conditions and the Agreement and as long as no Event of Default has occurred. As of the occurrence of an Event of Default, the Pledgor may no longer dispose of the Relevant Pledged Assets and the Third Third-Party Pledge CM Account Holder shall no longer permit that any transfer of Relevant Pledged Assets from the credit of the GC Pooling Re-use Basic Clearing Member CmaX Pledged Securities Accounts be made (except as otherwise agreed with the Pledgee) and the ). The Pledgee is allowed entitled to notify CBL of the occurrence of the Event of DefaultDefault so as to block the operation of the relevant CmaX Pledged Account(s) and ensure CBL solely complies with the instructions of the Pledgee.
Appears in 2 contracts
Sources: Pledge Agreement, Pledge Agreement