Persons entitled
- Piraeus Bank S.A.
Brief description
Now therefore, as security for the due and full payment by the pledgor of all sums owing to the bank, whether consisting of principal, interest and default interest thereon, and default interest on unpaid interest, commissions, fees, expenses, charges, claims or other monies due by the pledgor and expenses of any nature plus interest thereon including legal expenses or otherwise (hereinafter the “secured indebtedness”) under (I) the loan agreement and (ii) any other security document as may have been or may from time to time be executed to secure the loan (together with the loan agreement, the “security documents”) and for the due fulfillment by the pledgor of all its obligations under the loan agreement and the other security documents, the pledgor does hereby constitute in favour of the bank, and the bank does hereby accept, a first priority right of pledge on the dollar deposit (the “deposit”) standing in the account (iban) x opened and maintained with the bank in the name of the pledgor (the “earnings account” or the “account”) I.E. on the balance of the deposit standing at any relevant time, including any interest accruing thereon from time to time, and on any amount that such deposit may reach in the future.