Euroclear Pledge Agreement definition

Euroclear Pledge Agreement means a Euroclear pledge agreement dated on or about the Closing Date between the Issuer, the Trustee and the Custodian.

Euroclear Pledge Agreement means the Belgian law pledge agreement which may be entered into between (possibly amongst others) the Issuer, the Trustee and the Custodian (at any time after the Issue Date pursuant to the terms of the Trust Deed).

Euroclear Pledge Agreement means a Euroclear pledge agreement dated on or about the Issue Date between the Issuer and the Trustee comprising the master pledge terms dated 27 June 2006 (the “Master Pledge Terms”) as constituted and amended and/or supplemented by the Issue Deed.

Examples of Euroclear Pledge Agreement in a sentence

• The Euroclear Pledge Agreement does not entitle the Trustee to require delivery of the relevant securities from the depositary or depositaries that have physical custody of such securities or allow the Trustee to dispose of such securities directly other than on enforcement.

• The Euroclear Pledge Agreement will not entitle the Trustee to require delivery of the relevant securities from the depositary or depositories that have physical custody of such securities or allow the Trustee to rehypothecate such securities.

• However, the charge created pursuant to the Trust Deed and the security created by the Euroclear Pledge Agreement may be insufficient or ineffective to secure the Collateral Debt Obligations which are securities for the benefit of Noteholders, particularly in the event of any insolvency or liquidation of the Custodian or any sub-custodian that has priority over the right of the Issuer to require delivery of such assets from the Custodian in accordance with the terms of the Agency Agreement.

• The Euroclear Pledge Agreement does not entitle the Trustee to require delivery of the relevant securities from the depositary or depositaries that have physical custody of such securities or allow the Trustee to dispose of such securities directly other than on enforcement.In addition, custody and clearance risks may be associated with assets comprising the Portfolio which are securities that do not clear through DTC, Euroclear or Clearstream, Luxembourg.

• The Euroclear Pledge Agreement will not entitle the Trustee to require delivery of the relevant securities from the depositary or depositaries that have physical custody of such securities or allow the Trustee to rehypothecate such securities.

More Definitions of Euroclear Pledge Agreement

Euroclear Pledge Agreement means the Belgian law pledge agreement whereby the Issuer will grant security to the Trustee in respect of the Euroclear Collateral and the Euroclear Entitlements;

Euroclear Pledge Agreement means the pledge agreement dated on or about the Issue Date entered into between the Issuer as pledgor and the Trustee as pledgee.

Euroclear Pledge Agreement means the pledge agreement dated on or about the Issue Date and entered into between the Issuer and the Trustee as the same may from time to time be amended, supplemented, replaced or novated;

Euroclear Pledge Agreement means each Belgian law pledge agreement given by the Issuer or a Sub-SPV at the request of and in favour of the Trustee or Sub-SPV Trustee (as the case may be) in respect of its right, title and interest to any of its Investments from time to time held in Euroclear.

Euroclear Pledge Agreement means any pledge agreement governed by Belgian law between the Issuer and the Trustee in respect of Collateral Debt Obligations, Collateral Enhancement Obligations, Eligible Investments and Exchanged Equity Securities held in Euroclear.

Euroclear Pledge Agreement means the Belgian law pledge agreement dated 25 November 2014 entered into between the Issuer, the Trustee and the Custodian pursuant to the terms of the Trust Deed.

Euroclear Pledge Agreement means a Belgian law pledge agreement with respect to securities held in Euroclear from time to time dated on or about the Closing Date between the Issuer and the Trustee.