Itemised pledge Sample Clauses

Itemised pledge. If a change increasing the debtor’s liability is included in the terms and conditions of the principal debt, the bank must request the pledgor who has lodged a third-party pledge to give his/her written consent in order for such a change to bind on the pledgor. Without the consent of the third-party pledgor, it is, however, possible to agree on an extension of the payment term or other changes in the terms and conditions of the principal debt which have a minor effect on the pledgor’s liability and whose grounds are detailed in the agreement concerning the principal debt. Minor changes to which the pledgor’s consent is not required include deferring repayment instalments on the principal debt in such a way that the repayment holiday during the loan term totals a maximum of two (2) years, and/or changing the repayment period of the principal debt in such a way that the loan term is extended by a maximum of two (2) years if the principal debt’s original loan term is ten (10) years or more. If the original loan term of the principal debt is less than ten (10) years, the repayment holiday may total a maximum of one (1) year and/or the extension of the loan term a maximum of one (1) year without the pledgor’s permission. Changing the reference rate applicable to the principal debt is also regarded as a minor change in case the rate is changed to OP Prime or a Euribor rate.
Sample 1
AutoNDA by SimpleDocs

Related to Itemised pledge

  • Joint Pledge The City and the Lodge shall not discriminate against any member on the basis of the member's age, race, color, sex, creed, religion, ancestry, marital status, veteran's status, military status, political affiliation, national origin, disability, or sexual orientation as provided by law.

  • Transfer Upon Realization of Pledged, Mortgaged or Charged Escrow Securities (1) You may transfer within escrow to a financial institution the escrow securities you have pledged, mortgaged or charged under section 4.2 to that financial institution as collateral for a loan on realization of the loan.

  • What If I Pledge My Account? If you use (pledge) all or part of your Traditional IRA as security for a loan, then the portion so pledged will be treated as if distributed to you and will be taxable to you as ordinary income during the year in which you make such pledge. The 10% penalty tax on early distributions may also apply in addition to ordinary income taxes.

  • Negative Pledge Neither the Borrower nor any Subsidiary will create, assume or suffer to exist any Lien on any asset now owned or hereafter acquired by it, except:

  • NO STRIKE PLEDGE The Union agrees that during the life of this Agreement, its agents, or its members shall not authorize, instigate, aid, or engage in any work stoppage, slowdown, sick-out, refusal to work, picketing, or strike against the District. If, during the life of this Agreement, the employees, for whatever reason engage in the aforementioned provisions, the Union shall immediately publicly order the striking employees to discontinue such action through the local media. Failure of the Union to take such action shall be subject to enforcement by the ordinary process of law.

  • CESSION 23.1 Upon written notice to the Supplier/Service Provider, Transnet shall be entitled:

  • Pledge, Mortgage or Charge as Collateral for a Loan You may pledge, mortgage or charge your escrow securities to a financial institution as collateral for a loan, provided that no escrow securities or any share certificates or other evidence of escrow securities will be transferred or delivered by the Escrow Agent to the financial institution for this purpose. The loan agreement must provide that the escrow securities will remain in escrow if the lender realizes on the escrow securities to satisfy the loan.

  • PROMOTER SHALL NOT MORTGAGE OR CREATE A CHARGE After the Promoter executes this Agreement he shall not mortgage or create a charge on the Apartment/Plot/Building and if any such mortgage or charge is made or created then notwithstanding anything contained in any other law for the time being in force, such mortgage or charge shall not affect the right and interest of the Allottee who has taken or agreed to take such Apartment/Plot/Building.

  • Mutual Pledge of Accord Inherent in the relationship between the City and its employees is the obligation of the City to deal justly and fairly with its employees and of the employees to cooperate with their fellow employees and the City in the performance of their public service obligation. It is the purpose of this MOU to promote and ensure harmonious relations, cooperation and understanding between the City and the employees represented by the Association and to establish and maintain proper standards of wages, hours and other terms or conditions of employment.

  • Release of Escrow Securities to Depositary The Escrow Agent will release from escrow the tendered escrow securities when the Escrow Agent receives a declaration signed by the depositary or, if the direction identifies the depositary as acting on behalf of another person or company in respect of the business combination, by that other person or company, that:

Time is Money Join Law Insider Premium to draft better contracts faster.