Right of Pledge definition

Right of Pledge means all contents set forth in Article 2 hereof.

Right of Pledge means the security interest granted by the Pledgors to the Pledgee pursuant to Article 2 hereof, i.e., the Pledgee’s right to be paid in priority with the price at which the Equity is transferred, auctioned or sold.

Right of Pledge means each right of pledge created by this Deed and any Supplemental Deed of Pledge in accordance with Clause 3 (Pledge of Receivables).

Examples of Right of Pledge in a sentence

• The Right of Pledge shall not be affected by one or more but not all of the Secured Obligations being discharged or the Secured Obligations being amended.

• The Right of Pledge, including all provisions of this deed, shall be governed by the laws of the Netherlands.

• The Right of Pledge shall terminate if and when (a) any and all Secured Obligations have been irrevocably and unconditionally fulfilled, or (b) any and all Secured Obligations have been otherwise terminated or cancelled.

• The Pledgee accepts the Right of Pledge and all stipulations, covenants, undertakings, waivers, authorities and powers pursuant to this Deed.

• In the event the Pledgee enforces execution of the Right of Pledge, the Pledgee shall, with due regard to the relevant provisions of the Existing Rights of Pledge, following payment of the enforcement costs from the proceeds, allocate the net proceeds to fulfill the Secured Obligations.

More Definitions of Right of Pledge

Right of Pledge refers to the right owned by the Pledgee to be first compensated from the money converted from or the proceeds from the auction or sale of the Pledged Equity by the Pledgee in the event Pledgor and/or the Company fail to fulfill in whole the obligations specified under the Main Agreements, and such right shall cause the Pledgee to be entitled to the dividends arising from Pledged Equity.

Right of Pledge the sixth priority right of pledge (openbaar pandrecht zesde in rang) in respect of the Shares established in this Pledge Agreement;

Right of Pledge means all those contained in Section 2;

Right of Pledge means the priority right of the Pledgee to be paid with the pledged Equity at an evaluated value or with the proceeds derived from auction or sale of the pledged Equity.

Right of Pledge means each right of pledge created by this Deed in accordance with Clause 3 (Pledge of Charged Assets).

Right of Pledge means the rights conferred upon Party A pursuant to Section 2 hereunder.

Right of Pledge means each right of pledge created by this Deed in accordance with Clause 2 (Creation of security).