Common use of Deletion of Pledge Clause in Contracts

Deletion of Pledge. Without undue delay following the termination of the Pledge in accordance with Clause 4.1 (Termination of Pledge), the Pledgor undertakes to file an application for the deletion of the Pledge from the Register. Any costs (other than the Pledgee’s internal costs) related to the deletion of the Pledge from the Register, including the deletion as a result of a waiver of the Pledge by the Pledgee, shall be borne by the Pledgor (whereas such costs, if paid by the Pledgee, must be reimbursed by the Pledgor only if documented to the Pledgor). The Pledgee shall provide to the Pledgor upon the Pledgor’s request all necessary cooperation and supply to the Pledgor all relevant documents relating to the Pledgee necessary for the Pledgor to be able to apply for deletion of the Pledge from the Register.

Deletion of Pledge. Without undue delay following the termination of the Pledge in accordance with Clause 4.1 (Termination of Pledge), the Pledgor undertakes to file an application for the deletion of the Pledge from the Register. Any costs (other than the Pledgee’s Pledgee´s internal costs) related to the deletion of the Pledge from the Register, including the deletion as a result of a waiver of the Pledge by the Pledgee, shall be borne by the Pledgor (whereas such costs, if paid by the Pledgee, must be reimbursed by the Pledgor only if documented to the Pledgor). The Pledgee shall provide to the Pledgor upon the Pledgor’s request all necessary cooperation and supply to the Pledgor all relevant documents relating to the Pledgee necessary for the Pledgor to be able to apply for deletion of the Pledge from the Register.