Loan Pledgor definition
Examples of Loan Pledgor in a sentence
As a material inducement to Lender’s making the Loan, Pledgor hereby absolutely and unconditionally release and waive all claims against Lender arising out of Lender’s exercise of its rights and remedies provided in this Section other than claims arising out of the fraud, illegal acts, gross negligence or willful misconduct of Lender.
Pledgor acknowledges that, with respect to the Loan, Pledgor shall rely solely on its own judgment and advisors in entering into the Loan without relying in any manner on any statements, representations or recommendations of Lender or any parent, subsidiary or Affiliate of Lender.
At all times throughout the term of the Loan, Pledgor, Mortgage Borrower, Guarantor, and their respective Affiliates shall be in full compliance with all applicable orders, rules, regulations and recommendations of The Office of Foreign Assets Control of the U.S. Department of the Treasury.
Loan Pledgee shall be permitted to fully exercise its rights and remedies against Loan Pledgor, and realize on all collateral granted by Loan Pledgor to Loan Pledgee (and accept an assignment in lieu of foreclosure as to such collateral), in accordance with applicable law.
Upon the indefeasible payment in full or performance of the Loan, Pledgor shall be entitled to the return at its out-of-pocket expense, if any, of such of the Pledged Collateral as shall not have been sold or otherwise applied pursuant to the terms of this Agreement and/or applicable law.
Loan Pledgee shall be permitted to fully exercise its rights and remedies against Loan Pledgor, and realize on any and all collateral granted by Loan Pledgor to Loan Pledgee (and accept an assignment in lieu of foreclosure as to such collateral), in accordance with applicable law, provided such Loan Pledgee is an Eligible Assignee and otherwise complies with the terms of the Intercreditor Agreements.
The relevant Loan Pledgor hereby unconditionally and absolutely releases Agent and the other Lenders from any liability to the such Loan Pledgor on account of Agent's or any Lender's compliance with any Redirection Notice reasonably believed by Agent or the Lenders to have been delivered in good faith.
None of Amenities Owner, Loan Pledgor, Manager or any other Person has given or received any notice of default under any of the Amenities Loan Documents that remains uncured or in dispute, or has not been waived.
In consideration of the --------------------------------------------- Loan, Pledgor, pursuant to the Commercial Code of the State of California, hereby pledges to Pledgee all of Pledgee's capital stock (or any proceeds therefrom) now owned or hereafter acquired by Pledgor (herein sometimes referred to as the "Shares").
Borrower shall, and shall cause Loan Pledgor to, apply any Cash Flow (as defined in the Amenities Loan Agreement) and Capital Event Proceeds (as defined in the Amenities Loan Agreement) in accordance with Section 2.8 of the Amenities Loan Agreement.