Pledged Balance definition

Pledged Balance means in accordance with article 2360 of the French Code civil, the amounts, either provisory or final and subject to any current operations, standing to the credit of the Pledged Accounts (including any interest and other accessories) as at the day of enforcement of the Pledge.
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Examples of Pledged Balance in a sentence

  • The G▇▇▇▇▇▇▇▇ Business Entities have all necessary legal rights of entry and exit to and from the Real Property and the Marsing Leased Property as are reasonably necessary to carry on their Business upon the Real Property or the Marsing Leased Property, as applicable, substantially in the manner in which their Business is currently carried on upon the Real Property and the Marsing Leased Property.

  • Seller shall replenish funds in the Pledged Account, such that the Pledged Account is fully restored to the Minimum Pledged Balance, in the event Bank shall offset or apply funds from the Pledged Account in accordance with the terms of this Agreement.

  • As a condition precedent to the effectiveness of any Overline Facility Increase, Seller shall deposit into the Pledged Account good funds in such amount required in order to maintain therein the Minimum Pledged Balance set forth in the related Overline Confirmation.

  • During any Overline Period, the Maximum Participation Amount and Minimum Pledged Balance shall equal the respective amounts set forth on the Overline Confirmation and, upon the expiration of the Overline Period, the Maximum Participation Amount and Minimum Pledged Balance shall automatically be reduced to the respective amounts in effect prior to the commencement of any Overline Period.

  • Each Overline Confirmation shall set forth the terms on which Bank agrees to temporarily increase the Maximum Participation Amount, including: (a) the amount to which the Maximum Participation Amount will be temporarily increased; (b) the date on which such temporary increase in the Maximum Participation Amount shall commence and terminate (the “Overline Period”); and (c) the amount to which the Minimum Pledged Balance shall be increased in connection with such Overline Facility Increase.

  • Each Overline Confirmation shall set forth the terms on which Bank agrees to temporarily increase the Maximum Participation Amount, including: (a) the amount to which the Maximum Participation Amount will be temporarily increased; (b) the date on which such temporary increase in the Maximum Participation Amount shall commence and terminate (the "Overline Period"); and (c) the amount to which the Minimum Pledged Balance shall be increased in connection with such Overline Facility Increase.

  • In order to further ensure the full and punctual performance and discharge of the Liabilities owed by it, the Pledgor hereby pledges the Pledged Balance to the benefit of the Beneficiary, who accepts it, in accordance with article 2355 et seq.

  • In the event that Bank uses any funds in the Pledged Account or otherwise covered by the Pledge Agreement to satisfy such amounts payable to Bank, then Seller shall immediately deposit funds into the Pledged in the amount required to fully restore the Minimum Pledged Balance.

  • Bank shall have the right to offset amounts in the Pledged Account in order to effect the repurchase of any Participation Interest in a Mortgage Loan, and upon any such offset, Seller shall immediately deposit funds into the Pledged Account in the amount required to fully restore the Minimum Pledged Balance.

  • In the event that Bank offsets or applies any funds in the Pledged Account to satisfy amounts payable to Bank, then Seller shall immediately deposit funds into the Pledged Account in the amount required to fully restore the Minimum Pledged Balance.