Pledged Assets definition
Examples of Pledged Assets in a sentence
For the avoidance of doubt, the Pledged Assets include also all rights of the Pledgor (as a shareholder in the Company), whether under law and/or under the amended and restated articles of association of the Company and/or under any shareholders’ agreement, which derive from the Shares or any Related Rights in respect thereof.
Once the Discharge Date has occurred the Secured Party shall, at the request and the reasonable cost of the Pledgor, promptly execute such documents and/or notices as the Pledgor may reasonably request in order to give effect to the release of the Pledged Assets from the security purported to be created hereby.
Without derogating from the foregoing, if any part of the security granted hereunder is determined to be, in any respect, invalid, illegal or unenforceable, either with respect to a particular item of the Pledged Assets or with respect to any of the Secured Obligations, then the validity, legality and enforceability of such security as against any other part of the Pledged Assets, or in respect of any other Secured Obligation, shall not in any way be affected or impaired thereby.