Agreement as to Single Secured Party and Single Pledgor Sample Clauses
The "Agreement as to Single Secured Party and Single Pledgor" clause establishes that only one party is recognized as the secured party and one as the pledgor under the agreement. This means that the rights and obligations related to the security interest are limited to these two specifically identified parties, excluding any additional or third-party secured parties or pledgors. By clearly defining the parties involved, this clause prevents confusion or disputes over who holds the security interest or who is responsible for the pledged assets, thereby ensuring clarity and simplifying enforcement of the agreement.
Agreement as to Single Secured Party and Single Pledgor. Party A and Party B hereby agree that, notwithstanding anything to the contrary in this Annex, (a) the term “Secured Party” as used in this Annex means only Party B, (b) the term “Pledgor” as used in this Annex means only Party A, (c) only Party A makes the pledge and grant in Paragraph 2, the acknowledgement in the final sentence of Paragraph 8(a) and the representations in Paragraph 9.
Agreement as to Single Secured Party and Single Pledgor. Cap Provider and Counterparty hereby agree that, notwithstanding anything to the contrary in the CSA Form, (a) the term “Secured Party” as used in the CSA Form means only Counterparty, (b) the term “Pledgor” as used in the CSA Form means only Cap Provider, (c) only Cap Provider makes the pledge and grant in Paragraph 2, the acknowledgement in the final sentence of Paragraph 8(a) and the representations in Paragraph 9.
Agreement as to Single Secured Party and Single Pledgor. Paragraph 1(b) of this Annex is amended by deleting it and restating it in full as follows: