Common use of Release of Pledge Clause in Contracts

Release of Pledge. 10.1 The right of pledge created hereby will be released if, in the Security Trustee's reasonable opinion, it does no longer and will not in the future have any further claims (whether actual or contingent) against the CBC arising out of or in connection with any Security Trustee Secured Liabilities. The Security Trustee will not be obliged to release the right of pledge in any other circumstances, except as provided in Clause 10.2 hereof. 10.2 If and to the extent that any Transferor, or the Issuer on its behalf, requests reassignment of any of the Relevant Mortgage Receivables and such Mortgage Receivables and any Beneficiary Rights relating thereto shall be reassigned in accordance with the Guarantee Support Agreement or the CBC sells and assigns any of the Relevant Mortgage Receivables and any Beneficiary Rights relating thereto in accordance with Clauses 6 and 7 of the Asset Monitoring Agreement, the Security Trustee will be obliged to release the right of pledge created hereby on the Relevant Mortgage Receivables so repurchased by the relevant Transferor or, as the case may be, so sold and assigned by the CBC and any Beneficiary Rights relating to such Relevant Mortgage Receivables. 10.3 The release of the right of pledge as referred to above may be effected by the Security Trustee, to the extent not effected by operation of law, in whole or in part, by means of termination (opzegging) or waiver (afstand), in whole or in part, as the Security Trustee may determine.

Release of Pledge. 10.1 The right of pledge created hereby will be released if, in the Security Trustee's reasonable opinion, it does no longer and will not in the future have any further claims (whether actual or contingent) against the CBC arising out of or in connection with any Security Trustee Secured Liabilities. The Security Trustee will not be obliged to release the right of pledge in any other circumstances, except as provided in Clause 10.2 hereof. 10.2 If and to the extent that any the Transferor, or the Issuer on its behalf, requests reassignment of any of the Relevant relevant Mortgage Receivables and such Mortgage Receivables and any Beneficiary Rights relating thereto and NHG Advance Rights shall be reassigned assigned in accordance with the Guarantee Support Agreement or the CBC sells and assigns any of the Relevant Mortgage Receivables and Receivables, any Beneficiary Rights relating thereto and any NHG Advance Rights in accordance with Clauses 5 and 6 and 7 of the Asset Monitoring Agreement, the Security Trustee will be obliged to release the right of pledge created hereby on the Relevant relevant Mortgage Receivables so repurchased by retransferred to the relevant Transferor or, as the case may be, so sold transferred and assigned by the CBC and any Beneficiary Rights and NHG Advance Rights relating to such Relevant relevant Mortgage Receivables. 10.3 The release of the right of pledge as referred to above may be effected by the Security Trustee, to the extent not effected by operation of law, in whole or in part, by means of termination (opzegging) or waiver (afstand), in whole or in part, as the Security Trustee may determine.

Release of Pledge. ‌ 10.1 The right of pledge created hereby will be released if, in the Security Trustee's reasonable opinion, it does no longer and will not in the future have any further claims (whether actual or contingent) against the CBC arising out of or in connection with any Security Trustee Secured Liabilities. The Security Trustee will not be obliged to release the right of pledge in any other circumstances, except as provided in Clause 10.2 hereof. 10.2 If and to the extent that any Transferor, or the Issuer on its behalf, requests reassignment of any of the Relevant Mortgage Receivables and such Mortgage Receivables and any Beneficiary Rights relating thereto shall be reassigned in accordance with the Guarantee Support Agreement or the CBC sells and assigns any of the Relevant Mortgage Receivables and any Beneficiary Rights relating thereto in accordance with Clauses 6 and 7 of the Asset Monitoring Agreement, the Security Trustee will be obliged to release the right of pledge created hereby on the Relevant Mortgage Receivables so repurchased by the relevant Transferor or, as the case may be, so sold and assigned by the CBC and any Beneficiary Rights relating to such Relevant Mortgage Receivables. 10.3 The release of the right of pledge as referred to above may be effected by the Security Trustee, to the extent not effected by operation of law, in whole or in part, by means of termination (opzegging) or waiver (afstand), in whole or in part, as the Security Trustee may determine.

Release of Pledge. 10.1 The right of pledge created hereby will be released if, in the Security Trustee's reasonable opinion, it does no longer and will not in the future have any further claims (whether actual or contingent) against the CBC arising out of or in connection with any Security Trustee Secured Liabilities. The Security Trustee will not be obliged to release the right of pledge in any other circumstances, except as provided in Clause 10.2 hereof. 10.2 If and to the extent that any the Transferor, or the Issuer on its behalf, requests reassignment of any of the Relevant relevant Mortgage Receivables and such Mortgage Receivables and any Beneficiary Rights relating thereto shall be reassigned assigned in accordance with the Guarantee Support Agreement or the CBC sells and assigns any of the Relevant Mortgage Receivables and any Beneficiary Rights relating thereto in accordance with Clauses 5 and 6 and 7 of the Asset Monitoring Agreement, the Security Trustee will be obliged to release the right of pledge created hereby on the Relevant relevant Mortgage Receivables so repurchased by the relevant Transferor or, as the case may be, so sold and assigned by the CBC and any Beneficiary Rights relating to such Relevant relevant Mortgage Receivables. 10.3 The release of the right of pledge as referred to above may be effected by the Security Trustee, to the extent not effected by operation of law, in whole or in part, by means of termination (opzegging) or waiver (afstand), in whole or in part, as the Security Trustee may determine.

Release of Pledge. ‌ 10.1 The right of pledge created hereby will be released if, in the Security Trustee's reasonable opinion, it does no longer and will not in the future have any further claims (whether actual or contingent) against the CBC arising out of or in connection with any Security Trustee Secured Liabilities. The Security Trustee will not be obliged to release the right of pledge in any other circumstances, except as provided in Clause 10.2 hereof. 10.2 If and to the extent that any Transferor, or the Issuer on its behalf, requests reassignment of any of the Relevant Mortgage Receivables and such Mortgage Receivables and any Beneficiary Rights relating thereto shall be reassigned assigned in accordance with the Guarantee Support Agreement or the CBC sells and assigns any of the Relevant Mortgage Receivables and any Beneficiary Rights relating thereto in accordance with Clauses 6 and 7 of the Asset Monitoring Agreement, the Security Trustee will be obliged to release the right of pledge created hereby on the Relevant Mortgage Receivables so repurchased by the relevant Transferor or, as the case may be, so sold and assigned by the CBC and any Beneficiary Rights relating to such Relevant Mortgage Receivables. 10.3 The release of the right of pledge as referred to above may be effected by the Security Trustee, to the extent not effected by operation of law, in whole or in part, by means of termination ("opzegging") or waiver ("afstand"), in whole or in part, as the Security Trustee may determine.

Release of Pledge. 10.1 The right of pledge created hereby will be released if, in the Security Trustee's reasonable opinion, it does no longer and will not in the future have any further claims (whether actual or contingent) against the CBC arising out of or in connection with any Security Trustee Secured Liabilities. The Security Trustee will not be obliged to release the right of pledge in any other circumstances, except as provided in Clause 10.2 hereof. 10.2 If and to the extent that any the Transferor, or the Issuer on its behalf, requests reassignment of any of the Relevant relevant Mortgage Receivables and such Mortgage Receivables and any Beneficiary Rights relating thereto shall be reassigned assigned in accordance with the Guarantee Support Agreement or the CBC sells and assigns any of the Relevant Mortgage Receivables and any Beneficiary Rights relating thereto in accordance with Clauses clauses 5 and 6 and 7 of the Asset Monitoring Agreement, the Security Trustee will be obliged to release the right of pledge created hereby on the Relevant relevant Mortgage Receivables so repurchased by retransferred to the relevant Transferor or, as the case may be, so sold transferred and assigned by the CBC and any Beneficiary Rights relating to such Relevant relevant Mortgage Receivables. 10.3 The release of the right of pledge as referred to above may be effected by the Security Trustee, to the extent not effected by operation of law, in whole or in part, by means of termination (opzegging) or waiver (afstand), in whole or in part, as the Security Trustee may determine.

Release of Pledge. 10.1 The right of pledge created hereby will be released if, in the Security Trustee's reasonable opinion, it does no longer and will not in the future have any further claims (whether actual or contingent) against the CBC arising out of or in connection with any Security Trustee Secured Liabilities. The Security Trustee will not be obliged to release the right of pledge in any other circumstances, except as provided in Clause 10.2 hereof. 10.2 If and to the extent that any the Transferor, or the Issuer on its behalf, requests reassignment of any of the Relevant relevant Mortgage Receivables and such Mortgage Receivables and any Beneficiary Rights relating thereto shall be reassigned assigned in accordance with the Guarantee Support Agreement or the CBC sells and assigns any of the Relevant Mortgage Receivables and any Beneficiary Rights relating thereto in accordance with Clauses 6 8 and 7 9 of the Asset Monitoring Agreement, the Security Trustee will be obliged to release the right of pledge created hereby on the Relevant relevant Mortgage Receivables so repurchased by the relevant Transferor or, as the case may be, so sold and assigned by the CBC and any Beneficiary Rights relating to such Relevant relevant Mortgage Receivables. 10.3 The release of the right of pledge as referred to above may be effected by the Security Trustee, to the extent not effected by operation of law, in whole or in part, by means of termination (opzegging) or waiver (afstand), in whole or in part, as the Security Trustee may determine.

Release of Pledge. 10.1 The right of pledge created hereby will be released if, in the Security Trustee's reasonable opinion, it does no longer and will not in the future have any further claims (whether actual or contingent) against the CBC arising out of or in connection with any Security Trustee Secured Liabilities. The Security Trustee will not be obliged to release the right of pledge in any other circumstances, except as provided in Clause 10.2 hereof. 10.2 If and to the extent that any the Transferor, or the Issuer on its behalf, requests reassignment of any of the Relevant relevant Mortgage Receivables and such Mortgage Receivables and any Beneficiary Rights relating thereto shall be reassigned assigned in accordance with the Guarantee Support Agreement or the CBC sells and assigns any of the Relevant Mortgage Receivables and any Beneficiary Rights relating thereto in accordance with Clauses 6 clauses 8 and 7 9 of the Asset Monitoring Agreement, the Security Trustee will be obliged to release the right of pledge created hereby on the Relevant relevant Mortgage Receivables so repurchased by retransferred to the relevant Transferor or, as the case may be, so sold transferred and assigned by the CBC and any Beneficiary Rights relating to such Relevant relevant Mortgage Receivables. 10.3 The release of the right of pledge as referred to above may be effected by the Security Trustee, to the extent not effected by operation of law, in whole or in part, by means of termination (opzegging) or waiver (afstand), in whole or in part, as the Security Trustee may determine.

Release of Pledge. ‌ 10.1 The right of pledge created hereby will be released if, in the Security Trustee's reasonable opinion, it does no longer and will not in the future have any further claims (whether actual or contingent) against the CBC arising out of or in connection with any Security Trustee Secured Liabilities. The Security Trustee will not be obliged to release the right of pledge in any other circumstances, except as provided in Clause 10.2 hereof. 10.2 If and to the extent that any the Transferor, or the Issuer on its behalf, requests reassignment of any of the Relevant Mortgage Receivables and such Mortgage Receivables and any Beneficiary Rights relating thereto and NHG Advance Rights shall be reassigned assigned in accordance with the Guarantee Support Agreement or the CBC sells and assigns any of the Relevant Mortgage Receivables and any Beneficiary Rights relating thereto and NHG Advance Rights in accordance with Clauses 5 and 6 and 7 of the Asset Monitoring Agreement, the Security Trustee will be obliged to release the right of pledge created hereby on the Relevant Mortgage Receivables so repurchased by retransferred to the relevant Transferor or, as the case may be, so sold transferred and assigned by the CBC and any Beneficiary Rights and NHG Advance Rights relating to such Relevant Mortgage Receivables. 10.3 The release of the right of pledge as referred to above may be effected by the Security Trustee, to the extent not effected by operation of law, in whole or in part, by means of termination (opzegging) or waiver (afstand), in whole or in part, as the Security Trustee may determine.