Right of Pledge definition

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 all contents set forth in Article 2 hereof.

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

• Definition of the Right of Pledge 1.The right of pledge (hereinafter–pledge) is a property right of a pledgee with respect to property of the pledgor, which simultaneously is a means of ensuring the performance of a monetary or other obligation of the debtor to the pledgee.

• Public consumption grew by 5.9% (4Q 11: 22.9%) as a result of the continued expansion in Government spending on emoluments and supplies and services.

• The Right of Pledge includes a right of pledge in respect of all accessory rights (afhankelijke rechten) and all ancillary rights (nevenrechten) attached to the Shares.

• Legal Effect of the Right of Pledge Article 6The creditor whose right of pledge is registered in the Pledge Register has priority to other creditors in satisfying the secured claim, if his claims have not been settled by due date.

More Definitions of Right of Pledge

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 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 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).