Prior to full satisfaction. (a) Subject to the provisions of this Agreement, the Security Trustee is hereby authorised to execute on behalf of itself and each Bondholder, without the need for any further referral to or authority from such person, any release of the Relevant Security over that asset.
(b) Subject to the condition precedent (aufschiebende Bedingung) of the authorisation by the Administrator or the Security Trustee of the disposal of any Pledged Bonds from the Issuance Account (the "Disposed Bonds"), the Security Trustee hereby releases any pledge over such Disposed Bonds and re-assigns any rights and claims in connection therewith to the Issuer.
(c) Subject to the condition precedent (aufschiebende Bedingung) of the authorisation by the Administrator or the Security Trustee of the disposal of any Deposited Cryptocurrency from the Depositary Wallet, the Security Trustee hereby releases any security interest over such Deposited Cryptocurrency and re-assigns any rights and claims in connection therewith to the Issuer.
Prior to full satisfaction. (a) Subject to the provisions of this Agreement, the Security Trustee is hereby authorised to execute on behalf of itself and each Bondholder, without the need for any further referral to or authority from such person, any release of a Security Interest.
(b) Subject to the satisfaction of the condition precedent of the authorisation of the disposal of any Issuer-Owned Bonds from the Issuance Account (i) prior to the occurrence of an Event of Default, by the Administrator or (ii) after the occurrence of an Event of Default, the Security Trustee, each in accordance with the terms of this Agreement and the Issuance Account Control Agreement (the "Disposed Bonds"), the Security Interests over such Disposed Bonds, the Security Trustee hereby releases any rights and claims in connection therewith shall be re-assigned to the Issuer.
(c) Subject to the satisfaction of the condition precedent of the authorisation by the Administrator or the Security Trustee of the disposal of any Deposited Cryptocurrency from the Depositary Wallet, the Security Trustee hereby releases any security interest over such Deposited Cryptocurrency and re-assigns any rights and claims in connection therewith to the Issuer.
(d) Notwithstanding any other provision hereof, prior to the occurrence of an Event of Default, in respect of any Bonds which are redeemed or terminated in accordance with the Terms and Conditions, the Security granted pursuant to the Security Documents shall be automatically released without any further action from the Security Trustee.
