Pledge

Pledge. As defined in the Recitals.

Pledge. Shall mean this Stock Pledge Agreement (Security Agreement), as the same may from time to time be amended or supplemented.

Pledge. Shall mean, with respect to any GATE Universal Conforming Loan, the percentage amount shown in the School Pledge row in Exhibit B to this agreement or in any School-Specific GATE Universal Product Offering approved by Program Lender. The Pledges shown on Exhibit B represent, to the extent of the percentages shown thereon (a) a limited guaranty equal to the Guaranty Limit, which is equal to the sum of the pledge amounts for each tier of loans included in a Pool, such pledge amounts to be... calculated as the total gross principal amount (including financed fees) of GATE Universal Loans funded by Program Lender in the tier in the Pool Open Period times the Pledge percentage shown on Exhibit B for that tier; and (b) after the purchase of loans by a Purchaser Trust in which the Participating Institution has an equity interest, an obligation to fund mandatory capital contributions or otherwise reimburse a Purchaser Trust for defaults. View More

Pledge. Shall have the meaning set forth in the preamble to this Pledge.

Pledge. Means that certain Pledge and Security Agreement, dated of even date herewith, by and among Maker, Payee and Larry M. Wright.

Pledge. Means that certain Pledge and Security Agreement, dated of even date herewith, by and among Maker, Payee and Franklin M. Cantrell, Jr.

Pledge. Means the security interest created under Clause 2 (Pledge) in favour of the Pledgee.

Pledge. Shall have the meaning set forth in the Recitals.

Pledge. A continuing first priority pledge (gage de premier rang) over the Pledged Assets (the "Pledge") in accordance with articles 3 and following of the law on financial collateral dated 5 August 2005 (Loi de 5 août 2005 sur les contrats de garantie financière) (the "Financial Collateral Law"), and the Pledgee agrees to accept and hereby accepts such Pledge.

Pledge. Shall mean the security interest in the Collateral arising under this Agreement.