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Luxembourg law pledge: Difference between revisions
→=The Pledge
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**'''Related Assets''', meaning dividends, interest, proceeds — again, expect your counsel to go to town here. | **'''Related Assets''', meaning dividends, interest, proceeds — again, expect your counsel to go to town here. | ||
:'''Secured Obligations''': What does the pledge actually secure? | :'''Secured Obligations''': What does the pledge actually secure? | ||
====The Pledge=== | ====The Pledge==== | ||
A fairly simple statement, admittedly studded with a little bit of ''Français'', about what's going on: | A fairly simple statement, admittedly studded with a little bit of ''Français'', about what's going on: | ||
:''The [[Pledgor]] pledges the Pledged Assets in favour of the [[Pledgee]], who accepts, as first-priority pledge (''gage de premier rang'') for the due and punctual discharge in full of all of the Secured Obligations. | :''The [[Pledgor]] pledges the Pledged Assets in favour of the [[Pledgee]], who accepts, as first-priority pledge (''gage de premier rang'') for the due and punctual discharge in full of all of the Secured Obligations. | ||