"Pledgee" Example Sentences
1. As a pledgee of the trust, I have certain rights and responsibilities.
2. The pledgee has the right to demand payment from the pledgor upon default.
3. The pledgor and pledgee entered into a binding agreement to transfer ownership of the property.
4. The pledger and pledgee signed a legal document outlining the terms of the pledge.
5. The bank acted as a pledgee to secure the loan.
6. The pledgor was required to provide collateral to the pledgee in order to obtain the loan.
7. The pledgee took possession of the property after the pledgor defaulted on the loan.
8. The pledgor and pledgee were both represented by legal counsel throughout the transaction.
9. The pledgee has the right to dispose of the pledged property upon default.
10. The pledger transferred ownership of the property to the pledgee as security for the loan.
11. The pledgor remains the legal owner of the property despite the pledge to the pledgee.
12. The pledgor and pledgee agreed to a specific repayment schedule for the loan.
13. The pledgor cannot sell the pledged property without the consent of the pledgee.
14. The pledgee has the right to foreclose on the property if the pledgor defaults on the loan.
15. The pledger surrendered possession of the property to the pledgee as part of the agreement.
16. The pledgee has the right to challenge any actions taken by the pledgor that could harm the pledged property.
17. The pledger and pledgee must both sign any documents related to the pledge.
18. The bank acted as a third-party pledgee to secure the loan on behalf of the borrower.
19. The pledgor must maintain the pledged property in good condition for the benefit of the pledgee.
20. The pledger cannot transfer ownership of the pledged property without the consent of the pledgee.
21. The pledger and pledgee agreed to a specific interest rate for the loan.
22. The pledger and pledgee both bear legal responsibility for fulfilling the terms of the pledge.
23. The pledgoee must provide the pledger with regular updates on the status of the pledged property.
24. The pledger and pledgee both agreed to arbitration in the event of a dispute.
25. The pledger and pledgee must both sign a release form once the loan is fully repaid.
26. The pledger and pledgee can modify the terms of the pledge if both parties agree.
27. The pledger and pledgee cannot modify the terms of the pledge without the consent of the bank.
28. The pledger and pledgee both agreed to submit to the jurisdiction of a specific court in the event of a legal dispute.
29. The pledger and pledgee worked together to create a comprehensive agreement that protected the interests of both parties.
30. The pledgee is entitled to receive all proceeds from the sale of the pledged property in the event of default.
Common Phases
1. The
pledgee must agree to the terms of the pledge;
2. The pledgor must transfer ownership of the pledged asset to the
pledgee;
3. In the event of default, the
pledgee has the right to sell the pledged asset;
4. The pledgor must maintain the pledged asset in good condition;
5. The
pledgee may require additional collateral if the value of the pledged asset decreases;
6. The pledgor may not use the pledged asset as collateral for another loan;
7. The
pledgee must release the pledged asset upon full repayment of the loan.