RELEASE AND TRANSFER Sample Clauses
The RELEASE AND TRANSFER clause serves to formally relinquish and assign rights, claims, or interests from one party to another. In practice, this clause may be used when a party agrees to release any future claims against another party and to transfer ownership or control of certain assets, intellectual property, or contractual rights. Its core function is to ensure a clear and enforceable handover of rights or interests, thereby preventing future disputes and providing certainty regarding the parties' respective positions.
RELEASE AND TRANSFER. (a) The Security Trustee shall, upon the full performance and discharge of the Secured Obligations to the satisfaction of the Security Trustee and the Finance Parties, at the request and cost of the relevant Subordinated Lenders and in such form as the Security Trustee shall reasonably approve, release and transfer to the relevant Subordinated Lenders, the Secured Indebtedness then the subject of the Security Interest constituted by this Deed.
(b) Notwithstanding any discharge, release or settlement from time to time between the Security Trustee and/or any Finance Party and any Subordinated Lender or the Borrower, if any security, disposition or payment granted or made to the Security Trustee and/or any Finance Party in respect of the Secured Obligations by any Subordinated Lender, the Borrower or any other person is avoided or set aside or ordered to be surrendered, paid away, refunded or reduced by virtue of any provision, law or enactment relating to bankruptcy, insolvency, liquidation, winding-up, composition or arrangement for the time being in force or for any other reason, the Security Trustee shall be entitled thereafter to enforce this Deed as if no such discharge, release or settlement had occurred.
RELEASE AND TRANSFER. (a) The Security Trustee shall, upon the full performance and discharge of the Secured Obligations to the satisfaction of the Security Trustee and the Lenders, at the request and cost of the Mortgagors and in such form as the Security Trustee shall reasonably approve, release and transfer and reassign (as appropriate) to the Mortgagors the Collateral.
(b) Notwithstanding any discharge, release or settlement from time to time between the Security Trustee and any Mortgagor, if any security, disposition or payment granted or made to the Security Trustee in respect of the Secured Obligations by any Mortgagor or any other person is avoided or set aside or ordered to be surrendered, paid away, refunded or reduced by virtue of any provision, law or enactment relating to bankruptcy, insolvency, liquidation, winding-up, composition or arrangement for the time being in force or for any other reason, the Security Trustee shall be entitled thereafter to enforce this Deed as if no such discharge, release or settlement had occurred.
(c) For that Collateral which has been transferred and registered under the name of the Security Trustee (as trustee for the Finance Parties) or its nominee, the Security Trustee shall only be obliged to return the share certificate(s) then representing the Collateral not yet disposed of or realised by the Security Trustee pursuant to its powers under this Deed (but not the original share certificates [Group Share Mortgage] originally delivered to the Security Trustee by the relevant Mortgagor) with the instruments of transfer duly executed in favour of the relevant Mortgagor or such other person as that Mortgagor may direct.
RELEASE AND TRANSFER. (a) The Security Trustee shall, at the request and cost of the Chargor and in such form as the Security Trustee shall reasonably approve, release and transfer to the Chargor the Collateral upon the full performance and discharge of the Secured Obligations to the reasonable satisfaction of the Security Trustee and the Finance Parties.
(b) Notwithstanding any discharge, release or settlement from time to time between the Security Trustee and/or any other Finance Party and the Chargor, if any security, disposition or payment granted or made to the Security Trustee and/or any other Finance Party in respect of the Secured Obligations by the Chargor or any other person is avoided or set aside or ordered to be surrendered, paid away, refunded or reduced by virtue of any provision, law or enactment relating to bankruptcy, insolvency, liquidation, winding-up, composition or arrangement for the time being in force or for any other reason, the Security Trustee shall be entitled thereafter to enforce this Deed as if no such discharge, release or settlement had occurred.
RELEASE AND TRANSFER. (a) The Security Trustee shall, upon the full performance and discharge of the Secured Obligations to the satisfaction of the Security Trustee and the Finance Parties, at the request and cost of the Chargor and in such form as the Security Trustee shall reasonably approve, release and transfer to the Chargor, the Collateral then the subject of the Security Interest constituted by this Deed.
(b) Notwithstanding any discharge, release or settlement from time to time between the Security Trustee and/or any other Finance Party and the Chargor, if any security, disposition or payment granted or made to the Security Trustee and/or any other Finance Party in respect of the Secured Obligations by the Chargor or any other person is avoided or set aside or ordered to be surrendered, paid away, refunded or reduced by virtue of any provision, law or enactment relating to bankruptcy, insolvency, liquidation, winding-up, composition or arrangement for [Asia Netcom Corporation Debenture] the time being in force or for any other reason, the Finance Parties shall be entitled thereafter to enforce this Deed as if no such discharge, release or settlement had occurred.
RELEASE AND TRANSFER. [Security Assignment]
(a) The Security Trustee shall, at the request and cost of the Assignor and in such form as the Security Trustee shall reasonably approve, release and transfer to the Assignor, the Collateral then the subject of the Security Interest constituted by this Deed upon the full performance and discharge of the Secured Obligations to the satisfaction of the Security Trustee and the Finance Parties.
(b) Notwithstanding any discharge, release or settlement from time to time between the Security Trustee and/or any other Finance Party and the Assignor, if any security, disposition or payment granted or made to the Security Trustee and/or any other Finance Party in respect of the Secured Obligations by the Assignor or any other person is avoided or set aside or ordered to be surrendered, paid away, refunded or reduced by virtue of any provision, law or enactment relating to bankruptcy, insolvency, liquidation, winding-up, composition or arrangement for the time being in force or for any other reason, the Finance Parties shall be entitled thereafter to enforce this Deed as if no such discharge, release or settlement had occurred.
RELEASE AND TRANSFER. The Secured Party shall release this Security Agreement and the security interest granted hereby by proper instrument or instruments upon presentation of satisfactory evidence that the Secured Obligations have been fully paid or discharged and shall assign, transfer and deliver its rights in any remaining Collateral and money received in respect thereof, to or on the order of Purchaser. The Secured Party shall also execute and deliver to Purchaser upon such termination such Uniform Commercial Code termination statements and such other documentation as shall reasonably be requested by Purchaser to effect the termination and release of the Secured Party's lien on the Collateral.
RELEASE AND TRANSFER. The ICE detainee shall be released from custody with appropriate transportation assistance, and if applicable, accommodations for disabilities. The Service Provider shall coordinate the ICE detainee’s release with the local ICE/ERO field office to ensure the safety of all involved. The ICE detainee shall be notified of the upcoming release and provided an opportunity to make a no-cost phone call to facilitate personal arrangements. The Service Provider shall ensure the ICE detainee has temperature-appropriate clothing upon release and return all previously stored personal property. The ICE detainee shall be notified of an upcoming transfer without specific details until the time of or after transfer. The ICE detainee’s personal property and medical information shall accompany the detainee to the destination facility.
RELEASE AND TRANSFER. 10.1. Upon the Outstanding Indebtedness having been paid and performed in full to the Pledgee’s complete satisfaction, the Pledgee will release its rights and claims under this Pledge Agreement.
10.2. Prior to the full discharge of the Outstanding Indebtedness, the Pledgee is only obliged to release the granted security, if so requested, if such obligation exists irrespective of Section 1222 German Civil Code (BGB).
10.3. In the case of a release pursuant to clause 10.2. above, the Pledgee will assign and transfer such security to a third party if it is by law obliged to do so. The pledge shall be free to select the securfity items to be released under Clase 10.2 above and, to the extent an obligation of the Pledgee to release any security provided for the Outstanding Indebtedness (or any part therof) also exists under or in connection with any other secdurity agreement or under any other security document. In selecting security items to be released under clause 10.2. above, the Pledgee shall duly consider the Pledgor’s legitimate interests and the legitimate interest of other parties providing additional security.
RELEASE AND TRANSFER. The Security Agent shall, upon the full performance and discharge of the Secured Obligations to the satisfaction of the Security Agent, at the request and cost of the Subordinated Lenders and in such form as the Security Agent shall reasonably approve, release, re-assign and transfer to the Subordinated Lenders, the Subordinated Indebtedness then the subject of the Security constituted by this Deed.
RELEASE AND TRANSFER. RCDF shall notify a QMS prior to the release or transfer of a prisoner with mental health needs from RCDF custody as soon as information relating to his or her release or transfer becomes available.