Examples of Deed of Pledge in a sentence
Simultaneously, the Petitioners insisted on the execution of the following documents on 06.10.2016 as security for the said NCDs: i) Corporate Guarantee by the Corporate Debtor and PRA Realty Private limited in favor of the Debenture Trustee; ii) An Indenture of the Mortgage between the Issuer Company, PKR, Corporate Debtor, PRA, the Promoters and Debenture Trustee; and iii) A Deed of Pledge between the Promoters, the Issuer Company and the Debenture Trustee.
A Deed of Pledge, dated 06.10.2016, was also entered into between the Promoters, Issuer Company and the Debenture Trustee by which the Promoters of Issuer Company pledged 100% of the shares of the Corporate Debtor collectively held by the Promoters.
In addition, in respect of each Transaction, security over certain monetary rights of the Issuer arising out of the Series Documents will be granted by the Issuer in favour of the Representative of the Noteholders pursuant to the Series Deed of Pledge and the Series Deed of Charge (if any) for the benefit of the Noteholders of the relevant Series and the Other Issuer Creditors.