Pledgor definition

Pledgor shall have the meaning assigned to such term in the Preamble hereof.

Pledgor means either party, when that party (i) receives a demand for or is required to Transfer Eligible Credit Support under Paragraph 3(a) or (ii) has Transferred Eligible Credit Support under Paragraph 3(a).

Pledgor shall have the meaning set forth in the first paragraph hereof.

Examples of Pledgor in a sentence

• Pledgor and Secured Party acknowledge that Securities Intermediary may be required to disclose to securities issuers the name, address and securities positions with respect to Financial Assets credited to the Reserve Account, and hereby consent to such disclosures.

• The Pledgor intends to establish the Reserve Account, as described in Section 5.07 of the Sale and Servicing Agreement, and intends to pledge to and to grant “control” thereof (as such term is defined in the Uniform Commercial Code as in effect on the date hereof in New York (the “UCC”)) to the Indenture Trustee (as Secured Party) pursuant to the terms of this Agreement.

• Securities Intermediary shall notify the Pledgor promptly of any claim for which it may seek indemnity.

• Failure by Securities Intermediary to so notify the Pledgor shall not relieve the Pledgor of its obligations hereunder.

• The Pledgor need not reimburse any expense or indemnify against any loss, liability or expense incurred by Securities Intermediary through Securities Intermediary’s own willful misconduct, negligence or bad faith.

More Definitions of Pledgor

Pledgor as used in this Annex shall mean only Party A, (c) only Party A makes the pledge and grant in Paragraph 2, the acknowledgement in the final sentence of Paragraph 8(a) and the representations in paragraph 9 and (d) only Party A will be required to make Transfers of Eligible Credit Support hereunder.

Pledgor is defined in the preamble.

Pledgor shall have the meaning ascribed thereto in the preamble to this Agreement.

Pledgor has the meaning provided in the preamble hereto.

Pledgor means either party, when that party (i) receives a demand for or is required to Transfer Eligible Collateral or (ii) has Transferred Eligible Collateral under this CSA.

Pledgor means any Person providing Collateral.

Pledgor shall have the meaning set forth in the preamble.