Common use of Release of additional security Clause in Contracts

Release of additional security. It is agreed that where a Borrower or a third party has provided additional security pursuant to Clause 15.2, the Borrowers are entitled to request the release of such additional security at their expense at any time following a testing of compliance by the Borrowers of the minimum required security cover under Clause 15.1 where the Borrowers are shown to have been in compliance with such minimum required security cover for at least 90 consecutive days (without including the additional security within the calculation) and where the Borrowers are in compliance with the minimum required security cover under Clause 15.1, such additional security shall be released at the Borrowers' cost.

Release of additional security. It is agreed that where a the Borrower or a third party has provided additional security pursuant to Clause 15.214.2, the Borrowers are entitled to request the release of such additional security at their expense at any time following a testing of compliance by the Borrowers of the minimum required security cover under Clause 15.1 14.1 where the Borrowers are shown to have been be in compliance with such minimum required security cover for at least 90 consecutive days (without including the additional security within the such calculation) and where . Where the Borrowers are in compliance with the minimum required security cover under Clause 15.1clause 14.1, such additional security shall be released at the Borrowers' ’ cost.

Release of additional security. It is agreed that where a the Borrower or a third party has provided additional security pursuant to Clause 15.2, 15.2 the Borrowers are Borrower is entitled to request the release of such additional security at their its expense at any time following a testing of compliance by the Borrowers Borrower of the minimum required security cover under Clause 15.1 where the Borrowers are Borrower is shown to have been be in compliance with such minimum required security cover for at least 90 consecutive days (without including the additional security within the calculation) calculation and where the Borrowers are Borrower is in compliance with the minimum required security cover under Clause 15.1, such additional security shall be released at the Borrowers' Borrower’s cost.

Release of additional security. It is agreed that where a the Borrower or a third party has provided additional security pursuant to Clause 15.2, 15.2 the Borrowers are Borrower is entitled to request the release of such additional security at their its expense at any time following a testing of compliance by the Borrowers Borrower of the minimum required security cover under Clause 15.1 where 15.1. Where the Borrowers are Borrower is shown to have been be in compliance with such minimum required security cover for at least 90 consecutive days (without including the additional security within the calculation) calculation and where the Borrowers are Borrower is in compliance with the minimum required security cover under Clause 15.1, such additional security shall be released at the Borrowers' Borrower's cost.