Annotate Legal Delaware Pledge Forms For Free

A pledge is a bailment that conveys possessory title to property owned by a debtor (the pledgor) to a creditor (the pledgee) to secure repayment for some debt or obligation and to the mutual benefit of both parties. The term is also used to denote the property which constitutes the security.

This agreement is between a Dealer Member and another entity (including another Dealer Member) in which one party is the lender of securities and the other is the borrower of the securities and it requires that the borrower pledge collateral (money, securities or both) to the lender.

Pledge over Quotas means the pledge over the quotas of the Issuer, granted by the Shareholders to the Noteholders and the Second Issuance Noteholders. Pledge over Quotas means the pledge over 100% of the quotas of the Issuer in favour of the Noteholders, entered into on or about the Issue Date.

A type of security: the delivery of possession of an asset as security until payment. Possession may be actual or constructive, for example, handing over the keys to the store where the pledged goods are kept. Ownership remains with the pledgor.

A pledge and security agreement is a legal document that outlines an arrangement in which one party (the pledgor) unconditionally transfers the title to a specific property or asset to another person or entity (the pledgee), who accepts it for safekeeping, usually in return for some form of compensation.

Under the UCC, a pledge agreement is a security agreement. The nature of the pledged assets means that a pledge agreement may contain different representations and warranties and covenants than a security agreement over business assets (for example, voting rights).