Pledged Collateral definition
Examples of Pledged Collateral in a sentence
No Representative will have any obligation to any Secured Creditor to ensure that any Pledged Collateral is genuine or owned by any of the Obligors or to preserve rights or benefits of any Person.
Each Representative ▇▇▇▇▇▇ ▇▇▇▇▇▇ and releases each First Lien Representative from all claims and liabilities arising out of such First Lien Representative’s role under this Section 3.3 as bailee or agent with respect to any Pledged Collateral.
Each delivery of Pledged Securities or other Pledged Collateral shall be accompanied by a schedule describing such Pledged Securities or Pledged Collateral, as the case may be, which schedule shall be deemed to supplement Schedule IV and be made a part hereof; provided that failure to attach any such schedule hereto shall not affect the validity of such pledge of such Pledged Securities.
Without limiting the foregoing, BMO Bank N.A., in its capacity as Second Lien Agent and as depositary bank, agrees that its Lien on any Pledged Collateral in its possession or control, including any deposit accounts constituting Pledged Collateral for which it is the bank, shall be subject to Section 2.1 and the other provisions of this Agreement.
Until such delivery or transfer is complete, such Representative shall possess or control such Pledged Collateral as bailee or agent for perfection for the benefit of each other Representative as secured party, so as to satisfy the requirements of sections 8-106(d)(3), 8-301(a)(2), 9-104(a)(5) and 9-313(c) of the UCC, such Liens being subject to Section 2.1 and the other provisions of this Agreement.