What Is An Account Pledge Agreement

Or, if these certificates are not securities, this grantor has informed the administrative officer so that the administrator can take steps to enhance his security interest as a general intangible interest, and (iii) to the extent that these guarantees are held by a securities intermediary in a controlled securities account. , this account is covered by a title account control agreement, to the extent necessary in accordance with Section 5.09 (c) of the credit agreement. A mortgaged asset is a valuable asset transferred to a lender to insure a debt or credit. A mortgaged asset is a guarantee held by a lender in exchange for credit funds. Mortgaged assets can reduce the down payment normally required for a loan and reduce the interest rate. Mortgaged assets may include cash, stocks, bonds and other stocks or securities. The agent`s exclusive discretion153, the perfection and priority of the administrative officer`s security interest153 for warranties, (ii) in the event and during the pursuit of a delay, to perfect and maintain the collection and recovery of security money; (iii) submit a carbon, photo or other reproduction of this security agreement or funding statement regarding security as a funding statement and submit any other funding statement or other change to a funding statement (which does not include a funding statement or other funding statement (which does not include a funding statement or a change in a funding statement). or desirable, at its sole discretion, to perfect and maintain the perfection and priority of the interest of the 153 securities management officer for collateral, (iv) on and during the pursuit of a default, one or more agreements with issuers of non-certified securities held by collateral and held by financial intermediaries who hold other assets , to the extent necessary or advisable, to transfer control of these securities or other assets to the administrative officer, (v) during and during the continuation of a late or acceleration payment event and, subject to the provisions of Section 4.1.5, to ensure payment of instruments, accounts and receivables on behalf of the administrative officer or donor; (vi) the proceeds of the warranty; that the administrator receives on the guarantees received in Articles VII and vii) in order to reduce taxes, charges, taxes, royalties or outstanding security links (excluding Links, which are expressly authorized in this document or as part of another loan document), and each grantor agrees to ask the administrative officer, within fifteen (15) days after requesting a reasonable payment or reasonable cost. who are subject to the administrative headquarters, the agent in connection with the office, provided that this authorization does not exempt Grantor from any of its obligations under this guarantee agreement or credit contract. These rights and remedies are open to a party insured under the UCC (whether or not the UCC applies to the guarantees concerned) or to any other applicable law (including, but not limited, to a bank privilege law153 or to a bank lender153) when a debtor is in default under a security agreement.

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