Common use of Registered Pledge Clause in Contracts

Registered Pledge. In the case of a pledge of a Series Interest on or after the date of this Agreement, the Holder will deliver to the Titling Company Registrar (with a copy to the Administrator) a notice of registered pledge substantially in the form of Exhibit C (a “Notice of Registered Pledge”), an executed copy of the related security agreement and any agreements governing the exercise by the pledgee of the rights of a Holder with respect to the applicable Series Interest (any such pledge, a “Registered Pledge”). Each Notice of Registered Pledge will be executed by the Holder of the Certificate evidencing the related Series Interest and each Registered Pledgee of such Certificate and will set forth the following information:

Appears in 4 contracts

Samples: Limited Liability Company Agreement (Nissan Auto Leasing LLC Ii), Titling Company Agreement (Nissan Auto Leasing LLC Ii), Limited Liability Company Agreement (Nissan Auto Leasing LLC Ii)

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