Release of Pledge. Promptly after the occurrence of the Termination Date, or (ii) as soon as reasonably practicable after the receipt by the Pledgee of a written notice from the Borrower stating that an Investment Grade Period (as defined in the Credit Agreement) has commenced and provided that no Event of Default (as defined in the Credit Agreement) shall have occurred and be continuing, the Pledgee agrees to execute any documents that are necessary in order to release the pledge created hereunder, at the cost and expense of the Pledgors. The Pledgee shall not be required to make any representations or warranties in any such release documents.
Appears in 7 contracts
Sources: Asset Pledge Agreement (Kansas City Southern), Stock Pledge Agreement (Kansas City Southern De Mexico, S.A. De C.V.), Partnership Interest Pledge Agreement (Kansas City Southern De Mexico, S.A. De C.V.)