Return of Pledged Collateral Sample Clauses
The "Return of Pledged Collateral" clause outlines the obligation of a secured party to return collateral that was pledged by a borrower or counterparty once certain conditions are met, typically the full repayment of a loan or fulfillment of contractual obligations. In practice, this means that after the borrower has satisfied all outstanding debts or obligations, the lender must promptly release and return any assets, securities, or property that were held as collateral. This clause ensures that the borrower regains control over their assets and prevents the lender from retaining collateral longer than necessary, thereby protecting the borrower's interests and clarifying the process for concluding the secured transaction.
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Return of Pledged Collateral. So long as no Event of Default exists, the Collateral Agent shall promptly deliver to the applicable Grantor (without recourse and without any representation or warranty) any Pledged Collateral in its possession if requested to be delivered to the issuer or holder thereof in connection with any action or transaction that is permitted or not restricted by the Note.
Return of Pledged Collateral. The Administrative Agent shall promptly deliver to the applicable Grantor (without recourse and without any representation or warranty) any Pledged Collateral in its possession if requested to be delivered to the issuer or holder thereof in connection with any action or transaction that is permitted or not restricted by the Credit Agreement in accordance with Article 8 of the Credit Agreement.
Return of Pledged Collateral. The security interest granted to Creditor hereunder shall not terminate and Creditor shall not be required to return the Pledged Collateral to Pledgor unless and until (a) the Secured Obligations have been fully paid or performed, (b) all of Pledgor's obligations hereunder have been fully paid or performed, and (c) Pledgor has reimbursed Creditor for any expenses of returning the Pledged Collateral and filing such termination statements and other instruments as are required to be filed in public offices under applicable laws.
Return of Pledged Collateral. The security interest granted to the Company hereunder shall not terminate and the Company shall not be required to return the Pledged Collateral to Pledgor unless and until (a) the Secured Obligations have been fully paid or performed, (b) all of Pledgor's obligations hereunder have been fully paid or performed and (e) Pledgor has reimbursed the Company for any expenses of returning the Pledged Collateral and filing such termination statements and other instruments as are required to be filed in public offices under applicable laws.
Return of Pledged Collateral. So long as no Event of Default exists, the Noteholder shall promptly deliver to the applicable Grantor (without recourse and without any representation or warranty) any Pledged Collateral in its possession if requested to be delivered to the issuer or holder thereof in connection with any action or transaction that is permitted or not restricted by the Note.
Return of Pledged Collateral. Secured Party shall return the Pledged Collateral or the balance thereof, if any, in its possession to Pledgor upon payment in full of the Obligations.
Return of Pledged Collateral. Subject to the terms of the Equal Priority Intercreditor Agreement, so long as no Event of Default then exists, the Notes Collateral Agent shall promptly deliver to the applicable Grantor (without recourse and without any representation or warranty) any Pledged Collateral in its possession if requested to be delivered to the issuer or holder thereof in connection with any action or transaction that is permitted or not restricted by the Indenture in accordance with Sections 12.02 and 12.08 of the Indenture.
Return of Pledged Collateral. Upon payment in full of the Debentures, Secured Party shall immediately return and reassign the Pledged Collateral to the Debtor.
Return of Pledged Collateral. Upon the satisfaction in full of the Obligations, the Pledgors shall be entitled to the return, upon its request and at its expense, of such of the Pledged Collateral as shall not have been sold or otherwise applied pursuant to the terms hereof.
Return of Pledged Collateral. Upon payment in full and satisfaction of all Obligations, the Pledgee shall return to the Pledgor (or to whomsoever may be entitled thereto pursuant to the order of a court of competent jurisdiction) the Pledged Collateral and this Agreement will terminate.