Pledge Agent definition
Examples of Pledge Agent in a sentence
The Pledge Agent will do so notwithstanding any direction or statement of the Pledgor to the contrary.
The Company and the Trustee hereby appoint the Pledge Agent, and the Pledge Agent hereby accepts appointment, as Pledge Agent, under the terms and conditions of this Agreement.
The Pledge Agent shall be paid any such expenses owed to it directly by the Company and shall not disburse from the Pledge Account any such amounts.
A grievance shall mean an allegation by a teacher resulting in a dispute or disagreement between the teacher and the school district as to the interpretation or application of terms and conditions contained in this agreement.
The Pledge Agent shall notify the Trustee as soon as reasonably possible (but not later than two Business Days from the date of receipt of the Payment Notice and Disbursement Request) if any Payment Notice and Disbursement Request is rejected and the reason(s) therefor.
The Pledge Agent hereby acknowledges the Trustee's security interest and lien as set forth above.
At least 30 days prior to each Interest Payment Date, the Pledge Agent shall deliver to the Company and the Trustee a statement setting forth with reasonable particularity the balance of funds then in the Pledge Account and the manner in which such funds are invested.
The Pledge Agent hereby accepts such appointment, and agrees to perform its obligations set forth herein.
The Company shall pay to the Pledge Agent such compensation for services to be performed by it under this Agreement as the Company and the Pledge Agent may agree in writing from time to time.
On the Closing Date, the Company shall deliver the Initial Pledge Amount to the Pledge Agent for deposit into the Pledge Account against the Pledge Agent's written acknowledgment and receipt.