Secondary Pledge Agreement
Not all lenders receive separate share deposit contracts. Some lenders rely on the collateral interest created under their AA only if the shares themselves do not have a specific public market value. Other lenders benefit from separate share seizure agreements for the following reasons: with almost no exceptions, a borrower borrows a second loan at the same time as after obtaining a first loan secured by the deposit, and secured lenders limit the borrower`s ability to mortgage its assets or borrow additional secured debt. A: A share seizure agreement and a share seizure agreement with a correct description of the security rights may constitute an interest in all shares and other equity securities held by a borrower in a subsidiary or other entity set out in the document or its schedules (together, the “Shares”).