EXTINCTION AND CANCELLATION OF THE PLEDGE Sample Clauses

EXTINCTION AND CANCELLATION OF THE PLEDGE. (a) Without prejudice to the provisions set forth in paragraph (b) below, at the expiration of the Guaranteed Period, the Pledge will lose effectiveness, all the rights connected with the Shares will revert to the Constituent and, at the request and expense of the latter, the Bank will sign a document of consent to the cancellation of the Pledge bearing a firm date, giving instructions to the Company and to the Depositary to make the due notations in the Blocked Account and shareholders' register. (b) After the full and unconditional fulfillment of the Guaranteed Obligations, at the written request of the Constituent for the full release of the Pledge, the Bank will consent to the full release of the Pledge and to the notation of the cancellation of the Pledge even before the expiration of the Guaranteed Period giving for this purpose instructions to the Depositary, on the condition that the Constituent has delivered to the Bank, in a form and content satisfactory to the Bank: (i) the last certified annual balance sheet, the last semiannual report and the last quarterly report of the Company, certified pursuant to the law, showing no fact or circumstance from which it can be inferred in good faith that the Constituent is in a state of insolvency; and (ii) a declaration issued by the legal representative of the Constituent, declaring that the Constituent, as of the date of the full and unconditioned fulfillment of the Guaranteed Obligations and at the time of the release of the declaration to the Bank: (A) it was not and it is not in the situations referred to in article 2446 and 2447 of the civil code; (B) was not and is not in a state of insolvency. (c) Upon written request by the Constituent to the Bank and the Depositary, and with the cost, expense and Fees paid by the Constituent, in the occurrence of the conditions established in article 7.8 (Voluntary Reduction of the Collateral) of the Financing Contract, in compliance with its provisions, or at the time of the transfer, following a Demerger, to Hopa or one of its Subsidiaries or a vehicle company incorporated ad hoc with the Transferred Debt, pursuant to article 27 (Coverage by Hopa) of the Financing Contract, in the presence of the conditions set forth in paragraph 27.3(c) of said article: (i) the Bank undertakes to partially release the Pledge on the Shares or on the Financial assets specified in the exceeding Certificate of Release or however the Coverage level, by means of the subscription of a...
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EXTINCTION AND CANCELLATION OF THE PLEDGE. 10.1.1 Notwithstanding the specifications below in paragraph (b), at the time of the expiry of the Guaranteed Period, the Pledge will no longer be effective, all the Related Rights with the Shares will return to the Pledgor and, at the request and the expense of the Pledgor, the Guaranteed Creditors will sign a deed of consent for the cancellation of the Pledge indicating a certain date, for these purposes providing the Company and the Depository with instructions so that the appropriate notes are added to the Security Account and to the Shareholders' Book. 10.1.2 After the full compliance with the Guaranteed Obligations, at the written request of the Pledgor for the release of the Pledge, the Guaranteed Creditors will provide their consent for the full release of the Pledge and the noting of the cancellation of the Pledge even before the expiry of the Guaranteed Period providing the Depository with instructions, for these purposes, provided the Pledgor has sent the Lead Bank, in a form and with content which are considered to be satisfactory by the Lead Bank itself, the following: (i) the last annual certified balance sheet and the last half-yearly report, if envisaged, of the Company, in which there is no fact or circumstance which must lead to the conclusion, in good faith, that the Pledgor is in a state of insolvency; (ii) a declaration issued by the legal representative of the Pledgor, in which it is declares that the Pledgor, as of the date of the full compliance with the Guaranteed Obligations and at the time of the issuing of the declaration itself to the Lead Bank: was not and is not in any of the situations specified by articles 2446 and 2447 of the Italian Civil Code.
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EXTINCTION AND CANCELLATION OF THE PLEDGE. 10 11. INDEMNITY, TAXES, COSTS AND EXPENSES..............................11 12. COMMUNICATIONS....................................................11 13.
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EXTINCTION AND CANCELLATION OF THE PLEDGE. 11 11. INDEMNITIES, FEES, COSTS AND EXPENSES...................................................................12 12. COMMUNICATIONS..........................................................................................13
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Related to EXTINCTION AND CANCELLATION OF THE PLEDGE

  • Termination and Cancellation 9. 1. Licences will expire after the period shown in Clause 3 (above). 9. 2. Licensee reserves the right to terminate the Licence in the event that payment is not received in full or if there has been a breach of this agreement by you. Appendix 1 — Acknowledgements: Reprinted by permission from [the Licensor]: [Journal Publisher (e.g. Nature/Springer/Palgrave)] [JOURNAL NAME] [REFERENCE CITATION (Article name, Author(s) Name), [COPYRIGHT] (year of publication) For Advance Online Publication papers: Reprinted by permission from [the Licensor]: [Journal Publisher (e.g. Nature/Springer/Palgrave)] [JOURNAL NAME] [REFERENCE CITATION (Article name, Author(s) Name), [COPYRIGHT] (year of publication), advance online publication, day month year (doi: 10.1038/sj.[JOURNAL ACRONYM].)

  • Suspension and Cancellation Section 5.01. The following is specified as an additional event for suspension of the right of the Recipient to make withdrawals from the Grant Account for the purposes of Section 8.01(k) of the Grant Regulations or cancellation of the Grant pursuant to Section 8.02 of the Grant Regulations: the Recipient shall have failed to perform any of its obligations under the ADB Grant Agreement.

  • Prepayment and Cancellation 29 10. Interest........................................................ 31 11. Terms........................................................... 33 12.

  • Policy Cancellation Except for ten days notice for non-payment of premium, each insurance policy shall be endorsed to state that; without thirty (30) days prior written notice to the City, the policy shall not be canceled, non-renewed or coverage and/or limits reduced or materially altered, and shall provide that notices required by this paragraph shall be sent by certified mail to the address shown below.

  • Effect of Cancellation If the Student cancels the housing agreement during a semester, the Student may remain in residence until the end of the semester the cancellation was given to UCF DHRL. The Student’s cancellation fees will be determined based on the date the Student’s written or electronically reproducible notice of cancellation is received by UCF DHRL Rent for the semester the cancellation is submitted to UCF DHRL will be based upon the date the Student vacates the residence facility in compliance with move out procedures. Notwithstanding anything in this agreement, the Student is always responsible for the greater of the pro rata rent for the semester of cancellation or the cancellation fee for that semester. Residents who cancel this agreement will not be given any preference as a current or prior resident when submitting applications for future residence with UCF DHRL.

  • Amendment and Cancellation We may amend or change the terms and conditions of this Agreement at any time. You will be notified of any change in the manner provided by applicable law prior to the effective date of the change. However, if the change is made for security purposes, we can implement such change without prior notice. We may cancel or suspend your Card or this Agreement at any time. You may cancel this Agreement by returning the Card to us. Your termination of this Agreement will not affect any of our rights or your obligations arising under this Agreement prior to termination. In the event that your Card Account is cancelled, closed, or terminated for any reason, you may request the unused balance to be returned to you via a check to the mailing address we have in our records. There may be a fee for this service. Subject to applicable law, the Issuer reserves the right to refuse to return any unused balance amount less than $1.00.

  • Cancellation and Refunds If you cancel your reservation or change your plans, your right to receive a refund is limited, as set forth in the following schedule. All cancellations will become effective as of the date of the postmark or email receipt. All requests for refunds must be sent to Air Journey in writing via mail, fax or email. Refunds, if applicable, will be made within 14 days of receipt of your notice of cancellation.

  • Debt Cancellation Borrower shall not cancel or otherwise forgive or release any claim or debt (other than termination of Leases in accordance herewith) owed to Borrower by any Person, except for adequate consideration and in the ordinary course of Borrower’s business.

  • RIGHTS ON CANCELLATION 21.1 If this Agreement or Purchase Order is cancelled in whole or in part in terms of clause 20 [Total or Partial Failure to Perform], Transnet may execute or complete this Agreement with any other entity and do so on such terms as it may deem proper, or may procure other comparable Goods/Services in substitution for those neglected to be manufactured or supplied or rejected as aforesaid, and may recover from the Supplier the difference between the cost of such Goods/Services and the Price [if the latter was lower] as well as any costs and expenses [including any additional transport costs] which Transnet may have had to incur in consequence of the Supplier’s/Service Provider’s default. 21.2 Any amount which may be recoverable from the Supplier/Service Provider in terms of clause 21.1 above, without prejudice to any other legal remedies available to Transnet, may be deducted in whole or in part from any monies in the hands of Transnet and due for payment to the Supplier/Service Provider.

  • CANCELLATION AND REFUND 5.1. Registration fee is not refundable. 5.2. In the event that the Participant decided not to participate in the swim, the cost of additional services purchased by the participant in addition to the Registration fee can be partially refunded according to the following rules: 5.2.1. Any refunds are possible upon a written request of the participant, received not later than 1 month before the event.

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