To Pledgor Clause Samples

The "To Pledgor" clause specifies the rights, obligations, or actions directed toward the pledgor, who is the party providing collateral in a secured transaction. In practice, this clause may outline the procedures for returning collateral, the conditions under which the pledgor may reclaim their assets, or the notifications the pledgor must receive. Its core function is to ensure that the pledgor's interests are clearly defined and protected within the agreement, thereby promoting transparency and reducing the risk of disputes regarding the handling of pledged assets.
To Pledgor after receipt by Escrow Agent of (i) written notice purportedly signed by the President of the Pledgor subsequent to November 15, 2008 that there is no pending and/or unsatisfied Event of Default as defined in the Pledge Agreement, and (ii) evidence that Secured Party received a copy of such notice prior to or simultaneously with receipt thereof by Escrow Agent, unless the Secured Party, on or before ten (10) days after receipt of such letter, delivers to Escrow Agent a written notice contesting the issue of whether there exists a pending and/or unsatisfied Event of Default.
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To Pledgor. If Pledgeholder receives an affidavit sworn ----------- (or affirmed) by Pledgor stating that all Obligations have been fully paid, performed and otherwise satisfied, then Pledgeholder shall forthwith deliver a copy of the affidavit to Secured Parties. Upon the fifteenth (15th) day following delivery of such copy to Secured Parties, Pledgeholder shall deliver the Escrowed Documents to Pledgor, unless, on or before such fifteenth (15th) day, (a) Pledgeholder has been prohibited by order of a court of competent jurisdiction from delivering such Escrowed Documents to Pledgor or (b) Pledgeholder has received notice from any Secured Party objecting to Pledgor's affidavit and stating with particularity those certain Obligations remaining unpaid, unperformed or otherwise unsatisfied.
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To Pledgor. Denbury Resources Inc. ▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇ Attn: ▇▇▇▇ ▇▇▇▇▇▇▇ Fax No.: (▇▇▇) ▇▇▇-▇▇▇▇ To Pledgee: JPMorgan Chase Bank, N.A., as Administrative Agent for Banks ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, 3rd Floor Mail Code TX1-2911 ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇ Attn: ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇ Fax No.: (▇▇▇) ▇▇▇-▇▇▇▇ or to such other address or to the attention of such other individual as hereafter shall be designated in writing by the applicable party sent in accordance herewith. Any such notice or communication shall be deemed to have been given (a) in the case of personal delivery or delivery service, as of the date of first attempted delivery at the address or in the manner provided herein, (b) in the case of telecopy, upon receipt, or (c) in the case of registered or certified United States mail, three (3) days after deposit in the mail.
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To Pledgor. Except as specifically amended hereby, the Agreement shall remain in full force and effect. Notwithstanding anything contained herein, the terms of this Amendment are not intended to and do not effect a novation of the Agreement. Pledgor hereby ratifies and reaffirms each of the terms and conditions of the Agreement and all of its obligations thereunder. Pledgor hereby agrees that all liens and security interest securing payment of the Obligations are hereby renewed, ratified and brought forward as security for the payment and performance of the Obligations.
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To Pledgor. Ronald J. Naples 411 Wister Road Wynnewood, PA 1909▇
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To Pledgor. Av. Paseo de la Reforma No. 243, piso 26 Colonia ▇▇▇▇▇▇▇▇▇▇, código postal 06500 Mexico City, Mexico Telephone: [***]
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To Pledgor. The Mortgage Loan is evidenced by that certain Promissory Note in the original principal amount of Fifteen Million Eight Hundred Fifty Thousand and No/100 Dollars ($15,850,000.00), dated as of October 9, 2002 (the "Mortgage Note"), made by Pledgor in favor of Deutsche Banc Mortgage Capital, L.L.C., a Delaware limited liability company ("Original Lender"), secured by a Mortgage and Security Agreement, dated as of the date of the Mortgage Note (the "Mortgage") granting a security interest in the Real Property. The Mortgage Note and Mortgage have been assigned by Original Lender to Mortgage Lender. Pledgor represents, warrants and covenants that the Defeasance Note is identical in all material respects to the Mortgage Note, and each of Pledgor and Successor Borrower intend to report and treat, and shall report and treat, the Defeasance Note as a continuation of the Mortgage Note, and not as new indebtedness for all federal, state and local income tax purposes. Subject to the Waiver, Pledgor represents, warrants and covenants that it has satisfied the conditions set forth in the defeasance provisions of the Loan Documents to effectuate the assignment of the lien of the Mortgage and the defeasance of the Mortgage Loan on the date hereof, or such conditions have been waived in writing by Mortgage Lender. Pledgor will deliver on the date hereof a Certificate of Borrower in form and substance acceptable to Mortgage Lender, and Pledgor acknowledges that Successor Borrower will rely on such Certificate of Borrower and on the representations set forth herein as a condition to entering into this Agreement. Pledgor further acknowledges and agrees that all proceeds from the Pledged Collateral in excess of amounts due under the Defeasance Documents will be used to pay the reasonable expenses of Successor Borrower in making the payments due under the Defeasance Documents and managing its obligations under the Defeasance Documents and any balance will be the sole property of Successor Borrower.
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Related to To Pledgor

  • Secured Party and Pledgor All references in this Annex to the “Secured Party” will be to either party when acting in that capacity and all corresponding references to the “Pledgor” will be to the other party when acting in that capacity; provided, however, that if Other Posted Support is held by a party to this Annex, all references herein to that party as the Secured Party with respect to that Other Posted Support will be to that party as the beneficiary thereof and will not subject that support or that party as the beneficiary thereof to provisions of law generally relating to security interests and secured parties.

  • Sale of Pledged Collateral Upon the occurrence of an Event of Default and during the continuation thereof, without limiting the generality of this Section and without notice, the Administrative Agent may, in its sole discretion, sell or otherwise dispose of or realize upon the Pledged Collateral, or any part thereof, in one or more parcels, at public or private sale, at any exchange or broker’s board or elsewhere, at such price or prices and on such other terms as the Administrative Agent may deem commercially reasonable, for cash, credit or for future delivery or otherwise in accordance with applicable law. To the extent permitted by law, any holder of the Secured Obligations may in such event bid for the purchase of such securities. Each Pledgor agrees that, to the extent notice of sale shall be required by law and has not been waived by such Pledgor, any requirement of reasonable notice shall be met if notice, specifying the place of any public sale or the time after which any private sale is to be made, is personally served on or mailed postage prepaid to such Pledgor in accordance with the notice provisions of Section 11.02 of the Credit Agreement at least ten (10) days before the time of such sale. The Administrative Agent shall not be obligated to make any sale of Pledged Collateral of such Pledgor regardless of notice of sale having been given. The Administrative Agent 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.

  • Release of Pledged Collateral The Administrative Agent may release any of the Pledged Collateral from this Pledge Agreement or may substitute any of the Pledged Collateral for other Pledged Collateral without altering, varying or diminishing in any way the force, effect, lien, pledge or security interest of this Pledge Agreement as to any Pledged Collateral not expressly released or substituted, and this Pledge Agreement shall continue as a first priority lien on all Pledged Collateral not expressly released or substituted.

  • Retention of Pledged Collateral In addition to the rights and remedies hereunder, upon the occurrence of an Event of Default and during the continuation thereof, the Administrative Agent may, after providing the notices required by Sections 9-620 and 9-621 of the UCC (or any successor sections of the UCC) or otherwise complying with the notice requirements of applicable law of the relevant jurisdiction, accept or retain all or any portion of the Pledged Collateral in satisfaction of the Secured Obligations. Unless and until the Administrative Agent shall have provided such notices, however, the Administrative Agent shall not be deemed to have retained any Pledged Collateral in satisfaction of any Secured Obligations for any reason.

  • Covenants of Pledgor Until the final and indefeasible payment to Secured Party in cash and performance of the Pledgor Obligations in full, Pledgor: (a) will defend the Pledged Collateral against the claims and demands of all other parties; will keep the Pledged Collateral free from all security interests or other encumbrances, except the security interests, liens, charges and encumbrances granted to Secured Party pursuant to this Agreement; and except as specifically permitted herein will not sell, transfer, assign, deliver or otherwise dispose of any Pledged Collateral or any interest therein without the prior written consent of Secured Party; (b) will notify Secured Party promptly in writing of any change in Pledgor’s address, specified on the attached Disclosure Schedule; (c) in connection herewith, will execute and deliver to Secured Party such financing statements, assignments and other documents and do such other things reasonably necessary that relate to the Pledged Collateral and the Security Interest as Secured Party may request, and pay all costs of title searches and filing financing statements, assignments and other documents in all public offices requested by Secured Party; (d) will pay all taxes, assessments and other charges of every nature which may be imposed, levied or assessed against the Pledged Collateral, except for taxes that are being diligently contested in good faith; (e) with respect to any Pledged Collateral that is a “Financial Asset” or “Security Entitlement” (as such terms are defined in Article 8 of the UCC), equity security, stock (common or preferred), a security convertible into stock, a stock warrant, a right to subscribe for, or an option to purchase any stock or any security convertible into or exchangeable for stock, a partnership interest or profit interest in any partnership (general or limited), an interest in a limited liability company, joint venture or other common enterprise (individually and collectively, “Ownership Interests”), will not take any action, directly or indirectly, to consent to, authorize or elect to (including, but not limited to, affirmatively voting any of the Pledged Collateral consisting of Ownership Interests), or permit the issuer of such Ownership Interest to elect to (including, but not limited to, by amending or otherwise modifying the formation documents of such issuer), treat any of the Collateral consisting of Ownership Interests as a Financial Asset or