Authorized Officer of Pledgor definition

Authorized Officer of Pledgor and "Authorized Officer of Pledgee" shall refer in the singular to (i) with respect to the Pledgor, any Person who you are authorized to accept instruction from in writing by the Pledgor from time to time (a copy of which instruction shall be provided by the Pledgor to the Pledgee contemporaneously with such authorization) and (ii) with respect to the Pledgee, any Person who is a [vice president or managing director] of the Pledgee. In the event that the Pledgor shall find it advisable to designate a replacement of any of its Authorized Officers from time to time, written notice of any such replacement shall be given to you and the Pledgee. Except with respect to the obligations and duties as set forth herein, this Agreement shall not impose or create any obligations or duties upon you greater than or in addition to the customary and usual obligations and duties of yours to the Pledgor. As long as the Assets are pledged to the Pledgee: (i) you will not invade the Assets to cover margin debits or calls, if any, in any other accounts of the Pledgor and (ii) you agree that, except for liens resulting from customary commissions, fees or charges based upon transactions in the Account, you subordinate in favor of the Pledgee any security interest, lien or right of setoff that you may have. You acknowledge that you have not received notice of any other security interest in the Account or the Assets. In the event any such notice is received, you will promptly notify the Pledgee. The Pledgor hereby represents that the Assets are free and clear of any lien or encumbrances other than the lien in favor of the Pledgor resulting from the security interest granted to the Pledgee and agrees that, with the exception of the security interest granted to the Pledgee, no lien or encumbrance will be placed by it on the Assets without the express written consent of the Pledgee.
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Authorized Officer of Pledgor shall refer in the singular to GLENX XXXXX (xxo is, on the date hereof, the Pledgor) and "Authorized Officer of Secured Party" shall refer in the singular to John Xxxxxx (xxo is, on the date hereof, Chief Financial Officer of the Secured Party). If the Pledgor or Secured Party is a natural person then such term shall mean the Pledgor or Secured Party respectively and, if more than one natural person is the Pledgor or Secured Party, such Xxcept with respect to the obligations and duties as set forth herein, this Agreement shall not impose or create any obligations or duties upon Saloxxx Xxxxx Xxxney greater than or in addition to the customary and usual obligations and duties of Saloxxx Xxxxx Xxxnxx xx Pledgor. The Agreement shall be binding upon and inure to the benefit of the heirs, successors and assigns of the respective parties hereto and shall be construed in accordance with the laws of the State of New York without regard to its conflict of law principles and the rights and remedies of the parties shall be determined in accordance with such laws. Saloxxx Xxxxx Xxxney will treat all property at any time held by Saloxxx Xxxxx Xxxnxx xx the Account as financial assets. Saloxxx Xxxxx Xxxney acknowledges that this Agreement constitutes written notification to Saloxxx Xxxxx Xxxnxx, xxrsuant to Articles 8 and 9 of the Uniform Commercial Code of the State of New York and any applicable federal regulations for the Federal Reserve Book Entry System, of the Secured Party's security interest in the Assets. The Pledgor, Secured Party and Saloxxx Xxxxx Xxxney also are entering into this Agreement to provide for the Secured Party's control of the Assets and to perfect, and confirm the first and exclusive priority of the Secured Party's security interest in the Assets. Saloxxx Xxxxx Xxxnxx xxxees to promptly make and thereafter maintain all necessary entries or notations in it books and records to reflect the Secured Party's security interest in the Assets. If any term or provision of this of this Agreement is determined to be invalid or unenforceable, the remainder of this Agreement shall be construed in all respects as if the invalid or unenforceable term or provision were omitted. This Agreement may not be altered or amended in any manner without the express written consent of Pledgor, Secured Party and Saloxxx Xxxxx Xxxney. This Agreement may be executed in any number of counterparts, all of which shall constitute one original agreement. This Agreement may be te...
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Examples of Authorized Officer of Pledgor in a sentence

  • If on any Business Day Secured Party determines that no Default Event or failure by Pledgor to meet any of its obligations under Sections 4 or 5 hereof has occurred and is continuing, Pledgor may obtain the release from the Security Interests of any Collateral upon delivery to Secured Party of a written notice from an Authorized Officer of Pledgor indicating the items of Collateral to be released so long as, after such release, no Collateral Event of Default shall have occurred.

  • If on any Business Day Secured Party determines that a Collateral Event of Default shall have occurred, Secured Party shall promptly notify Pledgor of such determination by telephone call to an Authorized Officer of Pledgor, followed by a written confirmation of such call.

  • For example, students of a religious school vandalize their own school, leaving anti-religious statements and symbols on its walls in the hope that they will be excused from attending class.Bias crimes can attract intense community interest and sensational publicity.

Related to Authorized Officer of Pledgor

  • Authorized Officer of a Person means any Person that is authorized to bind such Person.

  • Authorized Officers A managing director of the whole loan trading desk and a managing director in global markets.

  • Responsible Officer means, when used with respect to the Trustee, any officer within the corporate trust department of the Trustee, including any vice president, assistant vice president, assistant secretary, assistant treasurer, trust officer or any other officer of the Trustee who customarily performs functions similar to those performed by the Persons who at the time shall be such officers, respectively, or to whom any corporate trust matter is referred because of such person’s knowledge of and familiarity with the particular subject and who shall have direct responsibility for the administration of this Indenture.

  • Authorized Official , means any peace officer authorized in terms of section 334 of the Criminal Procedures Act, 1977 (Act No 51 of 1977), as amended, or any employee of the Theewaterskloof Municipality, who is authorized by the Theewaterskloof Municipality to enforce the provisions of this by-law;

  • Responsible Financial Officer means, with respect to any Person, the chief financial officer or treasurer of such Person or any other officer, partner or member having substantially the same authority and responsibility.

  • Solvency Certificate means a Solvency Certificate of the chief financial officer of Holdings substantially in the form of Exhibit G-2.

  • authorised officer means any person authorised by the Environment Agency under section 108(1) of The Environment Act 1995 to exercise, in accordance with the terms of any such authorisation, any power specified in section 108(4) of that Act.

  • Senior Officer means (a) the chief executive officer, (b) the president, (c) any executive vice president, (d) the chief financial officer or (e) the treasurer, in each case of Borrower.

  • Financial Officer Certification means, with respect to the financial statements for which such certification is required, the certification of the chief financial officer of the Borrower that such financial statements fairly present, in all material respects, the financial condition of the Borrower and its Subsidiaries as at the dates indicated and the results of their operations and their cash flows for the periods indicated, subject to changes resulting from audit and normal year-end adjustments.

  • Responsible Person means any person other than the registered owner of an immovable property who is legally responsible for the payment of municipal service charges.

  • Authorized Financial Officer means a chief executive officer, chief financial officer, chief accounting officer, treasurer or other qualified senior officer acceptable to the Administrative Agent.

  • Guarantor’s Officers’ Certificate means, with respect to any Guarantor, a certificate signed by any two of the following: a Chairman of the Board, a Chief Executive Officer, a President, a Vice President, a Treasurer, an Assistant Treasurer, a Secretary or an Assistant Secretary of such Guarantor, or any other officer or officers of such Guarantor designated in a writing by or pursuant to authority of such Guarantor’s Board of Directors and delivered to the Trustee from time to time.

  • Blanket Issuer Letter of Representations means the Blanket Issuer Letter of Representations between the City, the Registrar and DTC.

  • Responsible official means one of the following:

  • BD Officer means each officer or employee of BD designated as a "BD Officer" for purposes of this Agreement in a communication to the Auction Agent.

  • Incumbency Certificate has the meaning specified in Section 3(b) hereof.

  • Financial Officer means the chief financial officer, principal accounting officer, treasurer or controller of the Borrower.

  • Acknowledgement of Receipt means the procedure by which, on receipt of a Message, the logical presentation or form are checked, and a corresponding acknowledgement or rejection is sent by the receiver;

  • Authorised Signatory means, in relation to any Obligor, any person who is duly authorised and in respect of whom the Administrative Agent has received a certificate signed by a director or another Authorised Signatory of such Obligor setting out the name and signature of such person and confirming such person’s authority to act.

  • Authorised Signatories means any two authorised officers of the Issuer signing jointly.

  • Secretary’s Certificate has the meaning set forth in Section 2.2(a)(vi).

  • Certifying Officer has the meaning set forth in Section 5.01(c).

  • Fiscal Officer means, with respect to a regional transit authority, the secretary-treasurer thereof, and with respect to a county that is a transit authority, the fiscal officer of the county transit board if one is appointed pursuant to section 306.03 of the Revised Code or the county auditor if the board of county commissioners operates the county transit system.