RELEASE OF THE PLEDGE Clause Samples
The 'Release of the Pledge' clause defines the conditions and procedures under which a pledged asset or collateral is returned to the pledgor, typically after the underlying obligation has been fulfilled or the secured debt has been repaid. In practice, this clause outlines the steps required for the formal release, such as providing evidence of payment or obtaining necessary approvals, and may specify timelines or documentation needed for the process. Its core function is to ensure that once the secured party's interest is satisfied, the pledgor regains full control over the pledged asset, thereby preventing unnecessary retention of collateral and clarifying the end of the security arrangement.
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RELEASE OF THE PLEDGE. Upon full and final satisfaction of the Secured Obligations, upon expiry of any hardening period which may be applicable to the relevant payments (as provided above under Paragraph 4.1), or if previously, at the occurrence of the circumstances as specified in Clause 5.3 (Release of Transaction Security on Discharge of Secured Obligations) and Clause 5.4 (Release of Transaction Security in Connection with Permitted Disposals) of the Security Trust and Intercreditor Deed, the pledge created by, and the obligations under, this Agreement will cease to be in full force and effect, all of the rights attached to the Pledged Shares will return to the Pledgor, and, at the request and cost of the Pledgor, the Security Trustee (in accordance with the terms and subject to the conditions and circumstances set out in the Security Trust and Intercrefitor Deed and without recourse to, or any representation or warranty by, the Security Trustee or any of its nominees) will consent to annotation of the cancellation of the pledge created by this Agreement in the Shareholders' Register of the Company by giving appropriate instructions to the Company, will return the share certificates relating to the Pledged Shares back to the Pledgor and will consent to the annotation of the release on the certificate representing the shares, provided that at the occurrence of the circumstances specified in Clause 5.4 (Release of Transaction Security in Connection with Permitted Disposal) of the Security Trust and Intercreditor Deed, the pledge created by, and the obligations under, this Agreement will cease to be in full force and effect only in respect of the Pledged Shares forming part of the Transaction Security (as defined in the Security Trust and Intercreditor Deed) so released pursuant to that clause and the Security Trustee's consent to the release of the pledge created by the Agreement will be limited to the assets so released.
RELEASE OF THE PLEDGE. The pledge of this Agreement shall be released after the Obligations are met. The expenses accrued shall be borne by the parties after negotiation.
RELEASE OF THE PLEDGE. Upon full and final satisfaction of the Secured Obligations, upon expiry of any hardening period which may be applicable to the relevant payments (as provided above under Paragraph 5.1), or if previously, at the occurrence of the circumstances as specified in Clause 5.3 (Release of Transaction Security on Discharge of Secured Obligations) and Clause 5.4 (Release of Transaction Security in Connection with Permitted Disposals) of the Security Trust and Intercreditor Deed, the pledge created by, and the obligations under, this Agreement will cease to be in full force and effect, and, at the request and cost of the Pledgor, the Security Trustee (in accordance with the terms and subject to the conditions and circumstances set out in the Security Trust and Intercreditor Deed and without recourse to, or any representation or warranty by, the Security Trustee or any of its nominees) will consent to the release of the pledge created by this Agreement, provided that at the occurrence of the circumstances specified in Clause 5.4 (Release of Transaction Security in Connection with Permitted Disposals) of the Security Trust and Intercreditor Deed, the pledge created by, and the obligations under, this Agreement will cease to be in full force and effect only in respect of the Accounts and all sums credited to the Accounts forming part of the Transaction Security (as defined in the Security Trust and Intercreditor Deed) so released pursuant to that clause and the Security Trustee's consent to the release of the pledge created by the Agreement will be limited to the assets so released.
RELEASE OF THE PLEDGE. Upon the expiry of the Security Period, the Pledge shall be, at the cost of the Pledgor promptly, discharged by the express release thereof granted by the Pledgee (i) acting on its own initiative or (ii) at the written request of the Pledgor (and at the cost) of the Pledgor taking into account the requested timescale for the release which release the Pledgee shall be obliged to grant (and in which respect it shall take all necessary actions) upon first request of the Pledgor, after the Obligations have been unconditionally and irrevocably paid and discharged in full. The Pledgee shall inform the Company of such release and instruct it to record the release of the Pledge in the Company’s shareholders register.
RELEASE OF THE PLEDGE. Upon delivery or payment of the Secured Liabilities to the Lender by Eurex Clearing AG in full on the Maturity Date (or any date thereafter), the Pledged Assets shall be automatically released from the Pledge. In addition, for each Particular Securities Lending Transaction, the Pledged Assets that secure such Particular Securities Lending Transaction shall be released from the Pledge and all relevant Non-Cash Principal Collateral including any relevant cash shall be transferred to an account designated by Eurex Clearing AG on the Maturity Date (as postponed, as the case may be, pursuant to Chapter IX, Numbers 2.6.4 and 2.6.5 of the Clearing Conditions), or prior to the Maturity Date further to Eurex Clearing AG providing relevant instructions to CBL, with matching instructions given by Eurex Clearing AG to CBL on behalf of the Lender, on the basis of a power of attorney granted by the Lender to Eurex Clearing AG for the purpose of issuing instructions on the Lender's behalf in order to satisfy the requirements of the preceding paragraph, in accordance with procedures and notifications provided in the Collateral Management Service Agreements.
RELEASE OF THE PLEDGE. The Pledge shall be released in accordance with the Master Pledge Agreement (IM).
RELEASE OF THE PLEDGE. 16.1 Subject to Article 16.2 hereunder, promptly after the expiry of the Security Period (but not otherwise, and, in any case, no later than 40 days thereafter), the Security Agent shall, at the cost of the Pledgors, release the Shares from the Pledge.
16.2 The Security Agent shall not be obliged to release the Shares from the Pledge if any payment received by them in respect of the Secured Obligations or any part thereof might be declared ineffective or invalid or repayable (to the Pledgors or any other person).
RELEASE OF THE PLEDGE. 当出质人和公司按期完全履行主协议项下的全部义务时，在质权人无异议的情形下，质权人应当配合出质人解除本协议项下股权的质押，并完成相应的解除股权质押工商登记程序。 The Pledgee shall cooperate with the Pledger on the release of the equity pledge under this Agreement, and fulfill corresponding business registration procedure for release of the pledge when the Pledger and the Company have fully performed all the obligations under major agreements on time and the Pledgee has no objection to the release.
RELEASE OF THE PLEDGE. 3.1 Upon sufficient and complete performance of all Contractual Obligations as well as discharge of all Secured Liabilities by the Pledgors and the Company, at the request of the Pledgors, the Pledgee will release the Pledged Equity Interests and assist the Pledgors in de-registering the Pledged Equity Interests from the share register of the Company and the industrial and commercial authority having jurisdiction over the Company. Any and all costs and expenses arising from the release of the Pledged Equity Interests will be payable by the Pledgee.
RELEASE OF THE PLEDGE. At the expiry of the Security Period, the Pledgee will promptly upon the written request (and at the cost) of the Pledgor do whatever is necessary to release the Pledge. The Pledgee shall in particular inform the Company in writing of such release and instruct it to record the release of the Pledge in the Company’s register of the shareholders.