Pledge loan definition

Pledge loan means a loan that a pawnbroker makes to a pledgor and that is secured by a pledge. [Amended by 1971 c.168 §1;
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Pledge loan means a loan made by a pawnbroker to a pledgor and secured by a pledge. [Amended by 1971 c.168 §1; 1985 c.762 §135; 1987 c.373 §71; 1993 c.744 §27]
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Pledge loan. The loan made the date hereof from the Pledge Lender ----------- to Odyssey and Odyli in the principal amount of $16,990,000.
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Examples of Pledge loan in a sentence

  • Pledge loan is the bailment of the goods as security for payment of a debt or performance of a promise.

  • Directorate of Agricultural Marketing & Agri-business, Tamil Nadu has been implementing Pledge loan scheme to farmers through their Regulated markets.

  • Pledge loan scheme The State of Karnataka has implemented the pledge loan scheme under which the loan is distributed to the farmers through market committees against the pledge of agricultural commodities.

  • Pledge loan interest rate is the refinancing interest rate applied and announced for each period by the State Bank to pledge loans it grants to credit institutions.

  • Pledge loan of Rs. 10 Crores has been availed from Union Bank of India which is secured by way of Pledge against warehouse receipts of approved warehouses covering Agricultural Commodities.

  • Pledge loan facility helps the farmers to avoid distress sale of agricultural produce during harvest season by storing their produce in the godowns of regulated markets and also to meet their immediate requirements and preparations for next cropping season.

  • Pledge loan to the RM stakeholders Availability of the loan facilities will encourage the farmers to store their products until they get remunerative price.

  • Long-term loan (1) Category of long-term loan ItemsBalance year-endYear-beginning balancePledge loan199,000,000.00199,000,000.00Guaranteed loans750,000,000.001,125,000,000.00Credit loans3,442,170,000.003,420,170,000.00Total4,391,170,000.004,744,170,000.00 Notes : The Pledge loan rate is 4.275%-4.35%; the guaranteed loan interest rate is 5.6%; the credit interest rate is 4.20%-4.90%.

  • Post-harvest / Pledge loan systemThe mechanism of pledge finance to the farmers is to enable them to avail credit, when the prices are low and to sell their produce, when the prices are favourable.

  • Finally, using∇zt × ∇zb = —∇((zt + zb)/2) × ∇h,2^v = [Ω — ∇ 1 (zt + zb)] × ∇P = Pr(h) t, (3.19):= ∇[ — + ] × ∇where t z (zt zb)/2 h is tangent to the streamlines of v.

Related to Pledge loan

  • Borrower Pledge Agreement means the Pledge Agreement of even date herewith executed by Borrower in favor of Agent, on behalf of itself and Lenders, pledging all Stock of its Subsidiaries, if any, and all Intercompany Notes owing to or held by it.

  • Pledge Certificate means a Pledge Certificate in the form attached to this Appendix "C" as Schedule 1 executed by a duly authorized officer of the applicable Fund and delivered by such Fund to the Custodian by facsimile transmission or in such other manner as the applicable Fund and the Custodian may agree in writing.

  • Canadian Pledge Agreement means a pledge agreement, in form and substance reasonably satisfactory to the Administrative Agent, executed by the Borrower and each Guarantor that is a Canadian Subsidiary, pursuant to which each such Person pledges to the Collateral Agent all of its right, title and interest in and to all Stock of each Subsidiary in which it has an interest, as the same may be amended, restated, supplemented or otherwise modified from time to time.

  • U.S. Pledge Agreement shall have the meaning provided in Section 6.01(f).

  • Proceeds Account Pledge Agreement means the pledge agreement entered into between the Issuer and the Agent on or prior to the First Issue Date in respect of a first priority pledge over the Proceeds Account and all funds held on the Proceeds Account from time to time, granted in favour of the Agent and the Bondholders (represented by the Agent).

  • Pledge Agreement Collateral means all "Collateral" as defined in the Pledge Agreement.

  • Pledge Amendment shall have the meaning assigned to such term in Section 5.1 hereof.

  • Pledge Subsidiary means (i) each Domestic Subsidiary and (ii) each First Tier Foreign Subsidiary which is a Material Foreign Subsidiary.

  • Borrower Security Agreement means the Security Agreement, dated as of the date hereof, between Borrower and the Agent.

  • Pledge Agreements means the Holdings Pledge Agreement, the Borrower Pledge Agreement and any other pledge agreement entered into after the Closing Date by any Credit Party (as required by the Agreement or any other Loan Document).

  • Foreign Pledge Agreement means a pledge or charge agreement granting a Lien on Equity Interests in a Foreign Subsidiary to secure the Secured Obligations, governed by the law of the jurisdiction of organization of such Foreign Subsidiary and in form and substance reasonably satisfactory to the Administrative Agent.

  • Escrow Account Pledge Agreement means the pledge agreement entered into between the Issuer and the Agent in respect of a first priority pledge over the Escrow Account and all funds held on the Escrow Account from time to time, granted in favour of the Noteholders.

  • Pledge Agreement means the pledge agreement dated as of the Closing Date executed in favor of the Administrative Agent, for the benefit of the holders of the Obligations, by each of the Loan Parties, as amended or modified from time to time in accordance with the terms hereof.

  • UK Security Agreement means each of the security documents expressed to be governed by the laws of England (as modified, supplemented, amended or amended and restated from time to time) covering certain of such UK Loan Party’s present and future UK Collateral.

  • Pledge Instruments With respect to each Cooperative Loan, the Stock Power, the Assignment of Proprietary Lease and the Security Agreement.

  • Stock Pledge Agreement means a stock pledge agreement, in form and substance satisfactory to Agent, executed and delivered by each Borrower that owns Stock of a Subsidiary of Parent.

  • Term Loan Security Documents means the “Security Documents” as defined in the Term Loan Credit Agreement.

  • Collateral Loan means a loan, debt obligation, debt security or participation therein acquired by the Borrower.

  • Security and Pledge Agreement shall have the meaning set forth in Section 4.01(c).

  • Pledged Asset Mortgage Loan A Mortgage Loan as to which, at the time of origination, a Letter of Credit was issued in favor of the initial holder of such Mortgage Loan.

  • Borrower Note means the “Borrower Note” as defined in the Borrower Loan Agreement.

  • Parent Pledge Agreement means that certain Pledge Agreement, dated of the date hereof, made by Parent in favor of Agent.

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

  • Subsidiary Security Agreement each Security Agreement made by each of the Subsidiary Guarantors (including any security agreement executed and delivered pursuant to subsection 8.17) in favor of the Administrative Agent for the benefit of the Lenders, substantially in the form of Exhibit K hereto, as the same may be amended, supplemented or otherwise modified from time to time.

  • Credit Support Pledge Agreement The Credit Support Pledge Agreement, dated as of November 24, 1998, among the Master Servicer, GMAC Mortgage Corporation, Combined Collateral LLC and The First National Bank of Chicago (now known as Bank One, National Association), as custodian.

  • Stock Pledge Agreements means one or more stock pledge agreements, in form and substance satisfactory to Agent, executed and delivered by Borrower and the Guarantors to Agent.