Pledged Amount definition

Pledged Amount. With respect to any Pledged Asset Loan, the amount of money remitted to Combined Collateral LLC, at the direction of or for the benefit of the related Mortgagor.

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Pledged Amount. With respect to any Pledged Asset Loan, the amount of money remitted to the related pledgor at the direction of or for the benefit of the related Mortgagor.

Pledged Amount on any date, means with respect to Eligible Securities, the aggregate principal amount of such Eligible Securities theretofore advanced thereon which remains unpaid on such date and pledged hereunder.

Examples of Pledged Amount in a sentence

• The Pledged Amount shall be paid to Ag Society (select one of the following options): when funds sufficient to complete the design and construction of the Building or the improvements to the Building have been pledged or received by the Ag Society; upon 4-H’s approval of the plans and specifications for the Building, which shall not be unreasonably withheld, conditioned or delayed; or upon completion of construction of or improvements to the Building.

• If Ag Society sells the Fairgrounds and a new fairgrounds is not built within two (2) years, Ag Society will pay to 4-H an amount equal to the unamortized portion of the Pledged Amount (e.g., if the pledge is $22,000, the amortization period is 30 years and the Fairgrounds are sold in 10 years, 4-H receives 20/30 x $22,000 = $14,667).

• The Pledged Amount shall be irrevocably pledged to the repayment of the amounts due under this Agreement and the TIF Note.

• Ag Society shall name University as a loss payee on such insurance policy in the Pledged Amount, as defined in the Pledge Agreement, and waive all rights of subrogation against University for any covered claim.

• The Required Lenders hereby waive the requirement to cash collateralize the Letters of Credit with the Net Cash Proceeds received from an Asset Sale Prepayment Event in an amount equal to $12,500,000 of such Net Cash Proceeds received prior to the date hereof (the “Pledged Amount”) and hereby consent to, direct, request and authorize the Administrative Agent to release the Pledged Amount to the Borrower immediately following the effectiveness of this Amendment.

• If Ag Society sells the Fairgrounds and a new fairgrounds is not built within two (2) years, Ag Society will pay to 4-H an amount equal to the unamortized value of the Pledged Amount (e.g., if the pledge is $22,000, the amortization period is 30 years and the Fairgrounds are sold in 10 years, 4-H receives 20/30 x $22,000 = $14,667).

• For underwriting, processing and supervising the Company's Accounts, the Company shall pay to Laurus a monthly amount equal to 0.7% (the "Specified Percentage") of the aggregate amount of all Eligible Accounts created during such month in excess of the Pledged Amount and against which Revolving Credit Advances have been made during such month.

• The Developer hereby acknowledges that the Pledged Amount may be insufficient to cover the payment of all principal and interest payable by the City under this Agreement.

• If the Pledged Amount is insufficient to pay all such principal and interest, the Developer hereby acknowledges that it shall have no recourse against the City provided that all Pledged Amounts required to be deposited in the TIF Funds from time to time pursuant to the TIF Act and this Agreement have been deposited into the TIF Funds and the amount equal to the Pledged Amount in each year has been used solely to pay amounts due under this Agreement and the TIF Notes.

• The Township explicitly agrees to make payment to the TID of the Township Pledged Amount in such corresponding amounts as set forth on Exhibit B, on or before the date of March 1 in each respective calendar year as identified and set forth on Exhibit B, so as to advance and not delay the Project Work, as well as the TID Project Management Fee amount on or before March 1, 2021.

More Definitions of Pledged Amount

Pledged Amount means Services and Activities Fees of $32.00 per academic quarter levied against each full-time student and $6.40 per academic quarter levied against each part- time student or such increased amount as shall be established pursuant to Section 7(h) of this resolution. In addition, the term "Pledged Amount" shall include any additional revenues and/or

Pledged Amount shall have the meaning set forth in Section 15.2(c).

Pledged Amount means the principal amount on deposit from time to time in one or more deposit accounts pledged by Kwok Li to Laurus pursuant to s▇▇▇ ▇▇▇umentation acceptable to Laurus, in its sole discretion, and with respect to which Laurus has a first priority perfected Lien. The parties hereto agree that as of the date hereof, the Pledge Amount is $2,000,000.

Pledged Amount is the aggregate of (a) the undrawn amount of the Letter of Credit, plus (b) the aggregate amount of cash in the Pledged Accounts.

Pledged Amount has the meaning given to it in Clause 8.5 (Margin Reset).

Pledged Amount. With respect to any Pledged Asset Loa▇, ▇▇▇ ▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇ ▇▇mitted to Combined Collateral LLC, at the direction of or for the benefit of the related Mortgagor.