Pledge Holder definition

Pledge Holder. The entity which issued a Letter of Credit.

Pledge Holder. With respect to a Pledged Asset Mortgage Loan, the entity that holds the Pledge Account, manages the Pledge Account and provides the Letter of Credit.

Pledge Holder. As defined in the Wells Fargo Bank Servicing Agreement.

Examples of Pledge Holder in a sentence

• The Servicer shall notify the Master Servicer promptly in writing if the Pledge Holder does not renew a Letter of Credit.

• Upon a default under the Letter of Credit by the Pledge Holder, the Company shall take possession of the assets securing the Letter of Credit and shall deposit such assets or the proceeds thereof in the Custodial Account and apply them as a prepayment of the related Pledged Asset Mortgage Loan.

• The Company shall notify the Purchaser promptly in writing upon receipt of notice from the Pledge Holder of non-renewal of any Letter of Credit.

• To this end, the Pledgor and the Third Party Pledge Holder shall in particular execute all documents or instruments and give all notices, orders and directions and make all registrations which the Pledgee may reasonably deem appropriate.

• In the event the Mortgagor is unable to comply with the Pledge Account Maintenance Value requirements, the Pledge Holder can perform a margin call.

More Definitions of Pledge Holder

Pledge Holder. As defined in the WFHM Servicing Agreement.

Pledge Holder. With respect to a Pledged Asset Mortgage Loan, the entity which issued a Letter of Credit.

Pledge Holder has the meaning set forth in Section 7(e)(ii).

Pledge Holder means an attorney or law firm duly licensed to practice law in the State of Nevada with offices in the State of Nevada.

Pledge Holder shall have the meaning set forth in Section 4.4.

Pledge Holder. As defined in the Xxxxx Fargo Bank Servicing Agreement.

Pledge Holder has the meaning set forth in Section 7.5.2.