GENERAL PLEDGE Sample Clauses

GENERAL PLEDGE. 7.1 Any and all of the Direct Clearing Client’s claims against the Clearinghouse as a result of Contracts which are recorded or which may be recorded, on the Direct Clearing Client’s Direct Clearing Account(s) with the Clearinghouse are hereby pledged to the Clearinghouse in accordance with the terms and conditions set forth in this agreement and under the Clearing Rules. 7.2 The general pledge under this Direct Clearing Client Agreement shall apply firstly to any and all obligations of the Direct Clearing Client towards the Clearinghouse under Contracts Recorded on the Direct Clearing Client’s Direct Clearing Account with the Clearinghouse and thereafter to obligations under Contracts which are Recorded on the Direct Clearing Client’s other Direct Clearing Accounts with the Clearinghouse. The general pledge shall not be utilised in such a manner so as to override the requirements of Article 39 of EMIR. 7.3 The Clearinghouse shall, to the extent possible, make use of collateral under the general pledge to the Clearinghouse before realising upon other collateral or prior to invoking any payment obligations of the Agent.
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GENERAL PLEDGE. Except where prohibited by law or regulation, as security for the payment of all your current and future obligations under these Cryptocurrency Terms, you hereby grant a pledge in favour of PayPal on all your claims against PayPal under these Cryptocurrency Terms including your current and future claims against PayPal under the fiduciary arrangement relating to your Cryptocurrencies. If you fail to make a payment to PayPal, you immediately authorise us to enforce the pledge and appropriate or sell the Cryptocurrencies in accordance with applicable legal provisions. PayPal may offset the claims you have pledged in its favour against claims PayPal has against you. PayPal may do so without informing you in advance.
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GENERAL PLEDGE. Under a general pledge, the terms and conditions of the principal debt may be changed without the pledgor’s consent. However, the pledge liability will not exceed the upper monetary limit specified in the third- party pledge agreement.
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GENERAL PLEDGE. That all goods, bills of exchange, shipping documents, bills of lading, warrants, delivery orders, documents of title and securities whatsoever which have been or shall be hereafter delivered into your possession or into the possession of any of your agents shall be pledged to you as security for my (our) liability to you hereunder and without any notice to me (us) you shall have full discretion to exercise your power of sale over the said goods and any property forming the subject matter of such bills of lading, shipping documents, warrants, delivery orders, documents of title or securities whatsoever. To furnish security. 3. That I (we) shall furnish upon demand such security in such form and value as may be required by you from time to time in amounts and values sufficient as all times in your opinion to secure any of my (our) obligations to you whether contingent, future or otherwise.
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GENERAL PLEDGE. Any and all of the Customer’s claims against the Clearing House as a result of Contracts which are Recorded or which may be Recorded, on the above stated Clearing Account with the Clearing House are hereby pledged to the Clearing House in accordance with the terms and conditions set forth on the reverse side.
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Related to GENERAL PLEDGE

  • Fifth Amended and Restated Limited Liability Company Operating Agreement Dated as of November 30, 2012

  • Amendment of Limited Liability Company Agreement (a) Except as otherwise provided in this Section 8.1, this Agreement may be amended, in whole or in part, with: (i) the approval of the Board (including the vote of a majority of the Independent Directors, if required by the ▇▇▇▇ ▇▇▇) without the Members approval; and (ii) if required by the 1940 Act, the approval of the Members by such vote as is required by the ▇▇▇▇ ▇▇▇. (b) Any amendment that would: (i) increase the obligation of a Member to make any contribution to the capital of the Company; (ii) reduce the Capital Account of a Member other than in accordance with Article V; or (iii) modify the events causing the dissolution of the Company; may be made only if (i) the written consent of each Member adversely affected thereby is obtained prior to the effectiveness thereof or (ii) such amendment does not become effective until (A) each Member has received written notice of such amendment and (B) any Member objecting to such amendment has been afforded a reasonable opportunity (pursuant to such procedures as may be prescribed by the Board) to tender its entire Interest for repurchase by the Company. (c) The power of the Board to amend this Agreement at any time without the consent of the other Members as set forth in paragraph (a) of this Section 8.1 shall specifically include the power to: (i) restate this Agreement together with any amendments hereto that have been duly adopted in accordance herewith to incorporate such amendments in a single, integrated document; (ii) amend this Agreement (other than with respect to the matters set forth in Section 8.1(b) hereof) to effect compliance with any applicable law or regulation or to cure any ambiguity or to correct or supplement any provision hereof that may be inconsistent with any other provision hereof; and (iii) amend this Agreement to make such changes as may be necessary or advisable to ensure that the Company will not be treated as an association or a publicly traded partnership taxable as a corporation as defined in Section 7704(b) of the Code for U.S. federal income tax purposes. (d) The Board shall cause written notice to be given of any amendment to this Agreement to each Member, which notice shall set forth (i) the text of the proposed amendment or (ii) a summary thereof and a statement that the text of the amendment thereof will be furnished to any Member upon request.

  • Agreement and Declaration of Trust These By-Laws shall be subject to the Agreement and Declaration of Trust, as from time to time in effect (the "Declaration of Trust"), of the above-captioned Massachusetts business trust established by the Declaration of Trust (the "Trust").

  • Amended and Restated Agreement and Declaration of Trust A copy of the Amended and Restated Agreement and Declaration of Trust for the Trust is on file with the Secretary of the Commonwealth of Massachusetts. The Amended and Restated Agreement and Declaration of Trust has been executed on behalf of the Trust by Trustees of the Trust in their capacity as Trustees of the Trust and not individually. The obligations of this Agreement shall be binding upon the assets and property of the Trust and shall not be binding upon any Trustee, officer, or shareholder of the Trust individually.

  • Opinion of Cayman Islands Counsel for the Company The Representatives shall have received an opinion of ▇▇▇▇▇▇ and Calder (Hong Kong) LLP, Cayman Islands counsel for the Company, dated such Closing Date, as the case may be, in form and substance reasonably satisfactory to the Representatives.