Common use of CONTINUING SECURITY; RELEASE OF THE PLEDGED ASSETS Clause in Contracts

CONTINUING SECURITY; RELEASE OF THE PLEDGED ASSETS. (a) The Pledge constitutes a continuing security interest. The security created hereby shall only terminate and the Pledgee shall, subject to Clause 2.4 and to this Clause 8, only be obliged to release the Pledged Assets or the remainder thereof if and once the Pledgee is satisfied that all the Secured Debt has been irrevocably paid in full and that all the agreements which might give rise to Secured Debt have been terminated.

CONTINUING SECURITY; RELEASE OF THE PLEDGED ASSETS. (a) The Pledge constitutes a continuing security interest. The security created hereby shall only terminate and the Pledgee shall, subject to Clause 2.4 and to this Clause 83, only be obliged to release the Pledged Assets or the remainder thereof if and once the Pledgee is satisfied that all the Secured Debt has been irrevocably paid in full and that all the agreements which might give rise to Secured Debt have been terminated.

CONTINUING SECURITY; RELEASE OF THE PLEDGED ASSETS. (a) The Pledge constitutes a continuing security interest. The security created hereby shall only terminate and the Pledgee shall, subject to Clause 2.4 3 and to this Clause 87, only be obliged to release the Pledged Assets or the remainder thereof if and once the Pledgee is satisfied that all the Secured Debt has been irrevocably paid in full and that all the agreements which might give rise to Secured Debt have been terminated.