Release of third party security Clause Samples

The 'Release of third party security' clause defines the conditions under which security interests or guarantees provided by a third party in connection with an agreement are discharged or released. Typically, this clause specifies that once the underlying obligations—such as repayment of a loan or fulfillment of contractual duties—are satisfied, any collateral or guarantees given by a third party will be formally released by the beneficiary. This ensures that third parties are not indefinitely bound by security arrangements once their purpose has been fulfilled, thereby protecting their interests and clarifying the process for ending their obligations.
Release of third party security. If this Agreement is terminated, the Distributor must release any third party security, provided that the Trader has met all of the requirements set out in clause 10.26(f).
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  • Links to Third Party Sites The Bank website may contain links to other websites ("Linked Sites"). Such links are provided solely as a convenience for you. While the Bank will attempt to select and provide links to Linked Sites that it believes may be of interest to its customers, the Bank does not screen, approve, review or otherwise endorse any content or information contained in any Linked Sites. You acknowledge and agree that the Bank, its affiliates and partners are not responsible for the contents of any Linked Sites, including the accuracy or availability of information provided by Linked Sites, and make no representations or warranties regarding the Linked Sites or your use of them.

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