Release of Pledged Property Sample Clauses

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Release of Pledged Property. (a) The Indenture Trustee, when required by the Trust and the provisions of this Indenture, shall execute instruments provided to it in order to release property from the lien of this Indenture in a manner and under circumstances that are not inconsistent with the provisions of this Indenture and the Servicing Agreement. No party relying upon an instrument executed by the Indenture Trustee as provided in this Article IV shall be bound to ascertain the Indenture Trustee's authority, inquire into the satisfaction of any conditions precedent or see to the application of any monies. (b) The Indenture Trustee shall, at such time as there are no Notes outstanding and all sums due the Indenture Trustee have each been paid, release any remaining portion of the Pledged Property that secured the Note from the lien of this Indenture and release to the Trust or any other Person entitled thereto any funds then on deposit in the Collection Account or any subaccounts thereof as may have been established pursuant to Sections 3.01 and 3.
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Release of Pledged Property. The Pledged Property shall stand as one general, continuing collateral security for all Obligations to Lender and may be retained by Lender until all Obligations have been satisfied in full. Lender will release Pledged Loans at the request of the Borrowing Group so long as Aggregate Credit Balance immediately following such a release will not exceed 100% of the then current aggregate principal balance outstanding of the Pledged Loans.
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Release of Pledged Property. The Indenture Trustee shall, on or after the Termination Date, release and cause the Trust Collateral Agent to release any remaining portion of the Pledged Property from the lien created by this Indenture and deposit in the Collection Account any funds then on deposit in any of the other Accounts. The Indenture Trustee shall release property from the lien created by this Indenture pursuant to this Section 2.11 only upon receipt of an Issuer Request and (if required by the TIA) Independent Certificates in accordance with TIA ▇▇.▇▇. 314(c) and 314(d)(1) meeting the applicable requirements of Section 11.1.
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Release of Pledged Property. If (i) the Borrower or its Subsidiary sells, transfers or disposes of any Pledged Property in a transaction permitted by this Agreement and (ii) no Default under Sections 7.01(b), Section 7.01(h) or Section 7.01(i) or Event of Default shall have occurred hereunder and be continuing (or would exist immediately after giving effect to the transactions contemplated by this Section 4A.09), the Administrative Agent shall release such Pledged Property from the Lien or security title of the Security Documents encumbering the same upon the written request of the Borrower, subject to and upon the following terms and conditions: 103
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Release of Pledged Property. The Secured Party agrees that, upon effectiveness of a registration statement with the Securities and Exchange Commission registering for distribution in a spin off transaction (a “Spin Off”)of the common stock underlying any of the securities listed on Exhibit B hereto (the “Spin Off Shares”), it will deliver the Spin Off Shares to the Company and will terminate any security interest the Secured Party may have in such Spin Off Shares pursuant to this Agreement or any other agreement between the parties; provided, however, that the Company must receive the prior written consent of the Secured Party to declare any dividend with respect to (and distribute out) any Spin Off Shares that would be in excess of twenty-five percent (25%) of the aggregate number of shares of common stock the Company owns of any such entity being spun off.
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Release of Pledged Property. (a) Subject to the payment of its fees and expenses and other amounts pursuant to Section 6.7, the Indenture Trustee may, and when required by the provisions of this Indenture shall, execute instruments to release property from the lien of this Indenture, in a manner and under circumstances that are not inconsistent with the provisions of this Indenture. No party relying upon an instrument executed by the Indenture Trustee as provided in this Article VIII shall be bound to ascertain the Indenture Trustee's authority, inquire into the satisfaction of any conditions precedent or see to the application of any moneys. (b) The Indenture Trustee shall, at such time as there are no Notes outstanding[, all amounts owing to the Note Insurer under the Basic Documents have been paid] and all sums due the Indenture Trustee pursuant to Section 6.7 have been paid, release the Pledged Property from the lien of this Indenture and release to the Issuer or any other Person entitled thereto any funds then on deposit in the Accounts. The Indenture Trustee shall release property from the lien of this Indenture pursuant to this Section 8.2(b) only upon receipt of an Issuer Request accompanied by an Officer's Certificate, an Opinion of Counsel and (if required by the TIA) Independent Certificates in accordance with TIA ▇▇.▇▇. 314(c) and 314(d)(1) meeting the applicable requirements of Section 11.1.
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Release of Pledged Property. After the Pledgors and the Company have fully fulfilled all Contractual Obligations and repaid all the Guaranteed Liabilities, the Pledgee shall, at the request of the Pledgors, release the Pledged Property hereunder, and cooperate with the Pledgors to deregister the Equity Pledge in the register of members of the Company and in the relevant industrial and commercial authority. All reasonable expenses arising from the release of the Pledged Property shall be borne by the Pledgors.
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Related to Release of Pledged Property

  • Release of Pledged Collateral The Administrative Agent may release any of the Pledged Collateral from this Pledge Agreement or may substitute any of the Pledged Collateral for other Pledged Collateral without altering, varying or diminishing in any way the force, effect, lien, pledge or security interest of this Pledge Agreement as to any Pledged Collateral not expressly released or substituted, and this Pledge Agreement shall continue as a first priority lien on all Pledged Collateral not expressly released or substituted.

  • Release of Pledge 3.1 After the Pledgors and the Company fully and completely perform all of the Contractual Obligations and discharge all of the Secured Liabilities, the Pledgee shall, upon the Pledgors’ request, release the Equity Pledge under this Agreement and cooperate with the Pledgors to cancel the registration of the Equity Pledge on the Company’s register of shareholders and with the administration of industry and commerce in charge of the Company. The Pledgee shall assume the reasonable expenses arising out of the release of the Equity Pledge.

  • Sale of Pledged Collateral Upon the occurrence of an Event of Default and during the continuation thereof, without limiting the generality of this Section and without notice, the Administrative Agent may, in its sole discretion, sell or otherwise dispose of or realize upon the Pledged Collateral, or any part thereof, in one or more parcels, at public or private sale, at any exchange or broker’s board or elsewhere, at such price or prices and on such other terms as the Administrative Agent may deem commercially reasonable, for cash, credit or for future delivery or otherwise in accordance with applicable law. To the extent permitted by law, any holder of the Secured Obligations may in such event bid for the purchase of such securities. Each Pledgor agrees that, to the extent notice of sale shall be required by law and has not been waived by such Pledgor, any requirement of reasonable notice shall be met if notice, specifying the place of any public sale or the time after which any private sale is to be made, is personally served on or mailed postage prepaid to such Pledgor in accordance with the notice provisions of Section 11.02 of the Credit Agreement at least ten (10) days before the time of such sale. The Administrative Agent shall not be obligated to make any sale of Pledged Collateral of such Pledgor regardless of notice of sale having been given. The Administrative Agent may adjourn any public or private sale from time to time by announcement at the time and place fixed therefor, and such sale may, without further notice, be made at the time and place to which it was so adjourned.

  • Delivery of Pledged Collateral All certificates and all promissory notes and instruments evidencing the Pledged Collateral shall be delivered to and held by or on behalf of Agent, for itself and the benefit of Lenders, pursuant hereto. All Pledged Shares shall be accompanied by duly executed instruments of transfer or assignment in blank, all in form and substance satisfactory to Agent and all promissory notes or other instruments evidencing the Pledged Indebtedness shall be endorsed by Pledgor.

  • Retention of Pledged Collateral In addition to the rights and remedies hereunder, upon the occurrence of an Event of Default and during the continuation thereof, the Administrative Agent may, after providing the notices required by Sections 9-620 and 9-621 of the UCC (or any successor sections of the UCC) or otherwise complying with the notice requirements of applicable law of the relevant jurisdiction, accept or retain all or any portion of the Pledged Collateral in satisfaction of the Secured Obligations. Unless and until the Administrative Agent shall have provided such notices, however, the Administrative Agent shall not be deemed to have retained any Pledged Collateral in satisfaction of any Secured Obligations for any reason.