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Denizbank Pledges
Denizbank Pledges contract clause examples

Signature Page to Amended & Restated Loan Agreement Only in the event that Denizbank A.S. enforces the Denizbank Pledges pursuant to and in accordance with the terms thereof and of the Denizbank Credit Agreement (including after giving effect to all applicable grace periods), each Denizbank Pledgor may exercise all rights and remedies with respect to the Collateral.

Denizbank Pledges. The Denizbank Pledges shall be in effect on the Maturity Date or less than three (3) Business Days prior to the Maturity Date.

At such time as the Denizbank Pledges are no longer in effect, and the Denizbank Pledgor Rights shall have been irrevocably satisfied in full, # the Collateral shall be released from the Lien created by the Agreement in favor of the Denizbank Pledgors, and all obligations of Borrower to the Denizbank Pledgors shall terminate, all without delivery of any instrument or any further action by any Person, and all rights of the Denizbank Pledgors to the Collateral shall revert to Borrower, all without delivery of any instrument or any further action by any Person. At the request and sole expense of Borrower following any such termination, each Denizbank Pledgor shall deliver to Borrower any Collateral held by it, and execute and deliver such documents as Borrower shall reasonably request to evidence such termination.

. As collateral security for the prompt payment and performance in full when due of the Debt, Borrower hereby pledges to and grants to Lender a security interest in all of Borrower’s right, title and interest in the Collateral. Subject to, and upon, the extension of the effectiveness of the Denizbank Pledges beyond February 29, 2021, as collateral security for the prompt payment and performance in full when due of the Denizbank Pledgor Rights, Borrower hereby pledges to and grants to the Denizbank Pledgors a security interest in all of Borrower’s right, title and interest in the Collateral.

At such time as the Denizbank Pledges are no longer in effect, and the Denizbank Pledgor Rights shall have been irrevocably satisfied in full, # the Collateral shall be released from the Lien created by the Agreement in favor of the Denizbank Pledgors, and all obligations of Borrower to the Denizbank Pledgors shall terminate, all without delivery of any instrument or any further action by any Person, and all rights of the Denizbank Pledgors to the Collateral shall revert to Borrower, all without delivery of any instrument or any further action by any Person. At the request and sole expense of Borrower following any such termination, each Denizbank Pledgor shall deliver to Borrower any Collateral held by it, and execute and deliver such documents as Borrower shall reasonably request to evidence such termination.

Denizbank Pledges: the pledges by # N. Malone Mitchell 3rd and Selami Erdem Uras of their ownership interests in the Diyarbakir real estate, and # Gundem Turizm Yatirim Ve Isletmeleri A.S., a Turkish Joint stock company, of its ownership interests in the Gundem Resort Hotel, Asarlik Mevkii Gumbet, Borrum Turkey and the Muratli real estate, each as collateral for the Denizbank Loan Agreement.

. As collateral security for the prompt payment and performance in full when due of the Debt, Borrower hereby pledges to and grants to Lender a security interest in all of Borrower’s right, title and interest in the Collateral. Subject to, and upon, the extension of the effectiveness of the Denizbank Pledges beyond February 29, 2021, as collateral security for the prompt payment and performance in full when due of the Denizbank Pledgor Rights, Borrower hereby pledges to and grants to the Denizbank Pledgors a security interest in all of Borrower’s right, title and interest in the Collateral.

Denizbank Pledges: the pledges by # N. Malone Mitchell 3rd and Selami Erdem Uras of their ownership interests in the Diyarbakir real estate, and # Gundem Turizm Yatirim Ve Isletmeleri A.S., a Turkish Joint stock company, of its ownership interests in the Gundem Resort Hotel, Asarlik Mevkii Gumbet, Borrum Turkey and the Muratli real estate, each as collateral for the Denizbank Loan Agreement.

Signature Page to Amended & Restated Loan Agreement Only in the event that Denizbank A.S. enforces the Denizbank Pledges pursuant to and in accordance with the terms thereof and of the Denizbank Credit Agreement (including after giving effect to all applicable grace periods), each Denizbank Pledgor may exercise all rights and remedies with respect to the Collateral.

Denizbank Pledges. The Denizbank Pledges shall be in effect on the Maturity Date or less than three (3) Business Days prior to the Maturity Date.

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