Registered Pledge definition
Examples of Registered Pledge in a sentence
However, if there is a Registered Pledgee of such Certificate, then a replacement Certificate will be delivered to the Registered Pledgee if the Notice of Registered Pledge so provides.
With respect to any pledge of Certificates issued in connection with the conversion of the Titling Trust to the Company on the date hereof, the Member shall provide the Titling Company Registrar with a list of secured parties that are hereby deemed to be Registered Pledgees in form and substance reasonably acceptable to the Titling Company Registrar, and no Notice of Registered Pledge shall be required with respect to such pledge.
For the purpose of Article 28 of the Registered Pledge Law, the Secured Claim of the Pledgee, which is a foreign bank, must be satisfied by the Pledgor in the relevant foreign currency in which the respective portion of the Secured Claim is denominated on its due date.
The Financial Pledge shall expire and be released on 31 December 2014, however the Financial Pledge shall automatically expire when the decision on entry of the Registered Pledge to the Register becomes final and binding.
Upon registration in the Register, the Registered Pledge over the Shares will be perfected.
This Agreement is executed in 4 counterparts in Polish and 2 counterparts in English, one of each language version for each party, one Polish version for registration of the Registered Pledge in the Register and one Polish version to be sent to the Company with a notice substantially in the form of Schedule 1.
The Power of Attorney for New Pledges expires upon the termination of the Registered Pledge.
In exercising the rights and remedies set forth in this Agreement, the Collateral Agent (i) shall take no action with regard to any Dealer which is expressly prohibited by the related Dealer Agreement and (ii) acknowledges that, with respect to the Titling Subsidiary, the Non-Specified Interest and any Specified Interests, it shall be bound by the non-petition covenant contained in the Notice of Registered Pledge delivered by it to the Titling Subsidiary under Section 3.5 hereof.
No request for declaration of bankruptcy or opening of arrangement proceedings has been filed in respect of the Company as or for compulsory management referred to in Article 1062 of the Code of Civil Procedure and no receiver referred to in Article 27 of the Act on Registered Pledge has been established in respect of the Company’s business.
The Pledgor must not exercise the Voting Rights in a way that would (i) be aimed to impair the value of the Shares or (ii) result in breach of any provision of the Indenture or (iii) prejudice the Registered Pledge or the Financial Pledge or (iv) interfere with the rights of the Pledgee under Clause 8.5 (Exercise of Voting Rights by Pledgee).