Retention of Deed Clause Samples

The Retention of Deed clause establishes that the original deed or legal document will be held by a specified party, typically until certain conditions are met, such as full payment or completion of obligations. In practice, this means that the seller, lender, or another stakeholder may retain physical or legal possession of the deed as security, ensuring the buyer or obligor fulfills their contractual duties. This clause primarily serves to protect the interests of the party holding the deed by providing leverage and reducing the risk of default or non-performance.
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Retention of Deed. The Security Trustee may in its absolute discretion retain all or part of this Deed as a guarantee for the Guaranteed Liabilities for a period of 25 months after the Guaranteed Liabilities shall have been paid and discharged in full. If at any time within that period of 25 months a petition is presented to a competent court for a winding-up or administration order to be made in respect of any RRL Group Company or steps are taken to wind up any RRL Group Company voluntarily, then the Security Trustee may continue to retain all or part of this Deed for such further period as the Security Trustee in its absolute discretion shall determine.
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Retention of Deed. If the Company requests the Security Trustee to release the Assigned Assets from the Assignment following any payment or discharge of the Secured Liabilities by a person other than the Company (a "RELEVANT TRANSACTION"), the Security Trustee shall at the cost of the Company execute such documents and deeds and do all such acts and things as may be necessary to release the Assigned Assets from the Assignment provided the Security Trustee is satisfied that the payment or discharge will not be avoided, reduced or invalidated. If the Security Trustee is not so satisfied, the Security Trustee shall be entitled to retain this Deed and shall not be obliged to release the Assigned Assets from the Assignment until the expiry of the Retention Period (being the period which commences on the date when that Relevant Transaction was made or given, and ends on the date falling one month after the expiration of the maximum period within which that Relevant Transaction can be avoided, reduced or invalidated by virtue of any applicable law or for any other reason whatsoever in relation to that Relevant Transaction). If at any time before the expiry of that Retention Period the Dissolution of such other person has commenced, the Security Trustee may continue to retain this Deed and shall not be obliged to release the Assigned Assets from the Assignment for such further period as the Security Trustee may determine.
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Retention of Deed. If the Chargor requests the Security Agent to release the Charged Property from the Charge following any payment or discharge made or Security or guarantee given in relation to the Secured Liabilities by a person other than the Chargor or the Borrower (a “Relevant Transaction”) and the Security Agent reasonably considers that the Relevant Transaction is capable of being avoided, reduced or invalidated by virtue of applicable law, the Security Agent shall be entitled to retain this Deed (and all stock and share certificates, documents of title and other documentary evidence of ownership in relation to the Charged Property deposited with the Security Agent pursuant to Clause 4 (Covenant to Deposit and Further Assurances)) and shall not be obliged to release the Charged Property from the Charge until the expiry of the Retention Period in relation to that Relevant Transaction. If at any time before the expiry of that Retention Period any material step has been taken for or with a view to the administration, liquidation or dissolution of such other person or any analogous proceeding in respect of such other person, the Security Agent may continue to retain this Deed (and all such stock and share certificates, documents of title and documentary evidence) and shall not be obliged to release the Charged Property from the Charge for such further period as the Security Agent may reasonably determine.
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Retention of Deed. If the SEOCH Participant requests SEOCH to release the Charged Property following any payment or discharge made or Security Interest or guarantee given in relation to the Secured Sums by a person other than the SEOCH Participant (a "Relevant Transaction"), SEOCH or SEOCH's nominee shall be entitled to retain this deed and shall not be obliged to release the Charged Property until the expiry of the Retention Period in relation to that Relevant Transaction. If at any time before the expiry of that Retention Period the Dissolution of such other person shall have commenced, SEOCH may continue to retain this deed and shall not be obliged to release the Charged Property for such further period as SEOCH may determine.
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Retention of Deed. If the Guarantor requests the Security Trustee to release its guarantee following any payment or discharge made or security or guarantee given in relation to the Guaranteed Liabilities by the Guarantor or any other person liable (a "Relevant Transaction"), the Security Trustee shall be entitled, if it is satisfied (acting reasonably) that the Guarantor or such other person (as relevant) is (or is as a consequence of that Relevant Transaction) Insolvent, to retain this Deed and shall not 159 be obliged to release the Guarantor from its guarantee until the expiry of the Retention Period (as hereinafter defined) in relation to that Relevant Transaction (as hereinafter defined). If at any time before the expiry of that Retention Period any event takes place in relation to the Guarantor or such other person which corresponds to any of the events set out in clauses 14.1(j) to 14.1(n) of the Agreement, the Security Trustee may continue to retain this Deed and shall not be obliged to release the guarantee for such further period as the Security Trustee may determine. For the purpose of clause 8.2:
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Retention of Deed. If the Chargor requests Laurus to release the Charged Property from the Charge following any payment or discharge made or Security or guarantee given in relation to the Secured Liabilities by a person other than the Chargor (a "Relevant Transaction"), Laurus shall be entitled to retain this deed (and all stock and share certificates, documents of title and other documentary evidence of ownership in relation to the Charged Property deposited with Laurus pursuant to clause 4) and shall not be obliged to release the Charged Property from the Charge until the expiry of the Retention Period in relation to that Relevant Transaction. If at any time before the expiry of that Retention Period any step has been taken for or with a view to the administration, liquidation or dissolution of such other person or any analogous proceeding in respect of such other person, Laurus may continue to retain this deed (and all such stock and share certificates, documents of title and documentary evidence) and shall not be obliged to release the Charged Property from the Charge for such further period as Laurus may determine.
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Retention of Deed. If the Pledgor requests the Administrative Agent to release reassign and discharge the Pledged Portfolio from the Pledge following any payment or discharge made or security or guarantee given in relation to the Secured Obligations by a person other than the Pledgor (a "Relevant Transaction"), the Administrative Agent shall be entitled to retain this Pledge (and all stock and share certificates, documents of title and other documentary evidence of ownership in relation to the Pledged Portfolio deposited with the Administrative Agent pursuant to clause 4) and shall not be obliged to release reassign and discharge the Pledged Portfolio from the Pledge until the expiry of the Retention Period in relation to that Relevant Transaction. If at any time before the expiry of that Retention Period the winding-up, dissolution, administration or re-organisation of such other person shall have commenced, the Administrative Agent may continue to retain this Pledge (and all such stock and share certificates, documents of title and documentary evidence) and shall not be obliged to release reassign and discharge the Pledged Portfolio from the Pledge for such further period as the Administrative Agent may reasonably determine.
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Retention of Deed. If the Assignor requests the Assignee to reassign the Deposit to the Assignor following any payment or discharge made in relation to the Secured Sums by a person other than the Assignor (a "Relevant Transaction"), the Assignee shall be entitled to retain this deed and shall not be obliged to reassign the Deposit until the expiry of the Retention Period in relation to that Relevant Transaction. If at any time before the expiry of that Retention Period the insolvency, winding up, liquidation, administration or occurrence of any analogous event in respect of such other person shall have commenced, the Assignee may continue to retain this deed and shall not be obliged to reassign the Deposit for such further period as the Assignee may determine.
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Related to Retention of Deed

  • Severance Agreement Any payments of compensation made pursuant to Articles 4 and 5 are contingent on Executive executing the Company’s standard severance agreement, including a general release of the Company, its owners, partners, stockholders, directors, officers, employees, independent contractors, agents, attorneys, representatives, predecessors, successors and assigns, parents, subsidiaries, affiliated entities and related entities, and on Executive’s continued compliance with Section 6. Executive must execute the standard severance agreement and release within 45 days of being provided with the document to sign or the severance agreement offer will expire.

  • Letter Agreement The Company shall have entered into the Letter Agreement on terms satisfactory to the Company.

  • Amendment to Rights Agreement The Rights Agreement is hereby amended to add the following new Section 35 as follows:

  • Amendment to Employment Agreement 2 of the Employment Agreement is amended and restated in its entirety to read as follows:

  • Terms of the Agreement Each Party shall treat the terms of this Agreement as the Confidential Information of other Party, subject to the exceptions set forth in Section 7.2. Notwithstanding the foregoing, each Party acknowledges that the other Party may be obligated to file a copy of this Agreement with the SEC, either as of the Effective Date or at some point during the Term. Each Party shall be entitled to make such a required filing, provided that it requests confidential treatment of certain commercial terms and sensitive technical terms hereof to the extent such confidential treatment is reasonably available to it. In the event of any such filing, the filing Party shall provide the other Party with a copy of the Agreement marked to show provisions for which the filing Party intends to seek confidential treatment and shall reasonably consider and incorporate the other Party’s comments thereon to the extent consistent with the legal requirements governing redaction of information from material agreements that must be publicly filed. The other Party shall promptly provide any such comments.