Release of Charged Property Sample Clauses

Release of Charged Property. If SEOCH is satisfied that:- (i) all Secured Sums have been paid or discharged in full and the SEOCH Participantship of the SEOCH Participant has been terminated in accordance with the Clearing Rules; or (ii) a Security Interest or a guarantee for the Secured Sums, in each case acceptable to SEOCH, has been provided in substitution for this deed, then, subject to clause 18.2, SEOCH shall at the request and cost of the SEOCH Participant release, re-assign or discharge (as appropriate) the Charged Property from this Charge.

Release of Charged Property. At the time of the Closing of the transactions contemplated by the Purchase Agreement, whether on the Outside Closing Date, as the same may be extended by mutual agreement of Elegance and the Company Shareholder (with the Company Shareholder abstaining from any vote of the board of directors of Elegance or any shareholder vote by the shareholders of Elegance with respect to such extension) or if Elegance is satisfied that Security or a guarantee for the Secured Obligations, in its absolute discretion, has been provided in substitution for the Charges created pursuant this Deed) then, Elegance shall promptly execute such deeds and documents and do all such acts and things as may be necessary or reasonably requested to release the Charged Property from the Charges and terminate the Guaranty Agreement. In connection therewith, Elegance, at the request of the Company, shall execute and deliver to the Company such documents and take such other actions as the Company Shareholder shall reasonably request to effect or evidence such release

Release of Charged Property. 3.1 On Payment and Discharge of Secured Obligations Upon the irrevocable and unconditional payment and discharge of all the Secured Obligations in full to the satisfaction of the Bond Trustee, the Bond Trustee will, at the written request and cost of the Guarantor, release, reassign or discharge the Charged Property to, or to the order of, the Guarantor.

Release of Charged Property. If the Security Trustee is satisfied that:- (A) all the Obligations have been paid or discharged in full and the Loan and Security Agreement has been terminated; or (B) Security or a guarantee for the Obligations, in each case acceptable to the Security Trustee, has been provided in substitution for this deed, or upon the occurrence of any sale or disposition of the Charged Property permitted under the Loan and Security Agreement, the Security Trustee shall at the request and cost of the Chargor execute such deeds and do all such acts and things as may be necessary to release the Charged Property (or, in the case of a sale or disposition of the Charged Property, any relevant part thereof) from the Charge.

Release of Charged Property. If, in accordance with the KEL Intercreditor Agreement (or, if the KEL Intercreditor Agreement is not in force and effect, the RCF Agreement), the Security and Intercreditor Agent is satisfied that: (A) all Secured Liabilities have been irrevocably paid or discharged in full and the RCF Agreement and the HY Note Indenture have been terminated and the Security and Intercreditor Agent and the Secured Parties have no further actual or contingent obligations to make advances or provide other financial accommodation to the Borrower or any other person under the RCF Agreement or the HY Note Indenture; (B) Security or a guarantee for the Secured Liabilities, in each case acceptable to the Security and Intercreditor Agent, has been provided in substitution for this Deed; or

Release of Charged Property. If, in accordance with the Intercreditor Agreement, the Security Agent is satisfied that: (A) all Secured Liabilities have been irrevocably paid or discharged in full and the Facility Agreement have been terminated and the Security Agent and the Secured Parties having no further actual or contingent obligations to make advances or provide other financial accommodation to the Borrower or any other person under the Facility Agreement; (B) Security or a guarantee for the Secured Liabilities, in each case acceptable to the Security Agent, has been provided in substitution for this Deed; or

Release of Charged Property. If all Secured Liabilities have been paid or discharged in full and the Loan Facility Agreement has been terminated, the Lender shall at the request and cost of the Chargor execute such deeds and do all such acts and things as may be necessary to release the Charged Property from the Charge.

Release of Charged Property. If the Security Trustee is satisfied that:- (A) all the Security Obligations have been paid or discharged in full and the Indenture has been terminated; or (B) Security or a guarantee for the Security Obligations, in each case acceptable to the Security Trustee, has been provided in substitution for this deed, or in any of the circumstances referred to in section 11.04 of the Indenture, the Security Trustee shall at the request and cost of the Chargor execute such deeds and do all such acts and things as may be necessary to release the Charged Property (or the relevant part thereof) from the Charge.

Release of Charged Property. If, in accordance with the Intercreditor Agreement, the Security Agent is satisfied that: (A) all Secured Liabilities have been irrevocably paid or discharged in full and the Facility Agreement have been terminated and the Security Agent and the Secured Parties having no further actual or contingent obligations to make advances or provide other financial accommodation to the Borrower or any other person under the Facility Agreement; (B) Security or a guarantee for the Secured Liabilities, in each case acceptable to the Security Agent, has been provided in substitution for this Deed; or (C) the Chargor has entered into legally binding arrangements to transfer all or part of the Charged Property to a Permitted Transferee and such Permitted Transferee has entered into legally binding arrangements with the Security Agent to grant to the Security Agent security over all or such part of the Charged Property (as the case may be) on substantially the same terms as those contained in this Deed, then, the Security Agent shall, at the request and cost of the Chargor and subject to Clause 17.2 (Retention of Deed) execute such deeds and do all such acts and things as may be necessary to release the Charged Property (or, in the case of Clause 17.1(C), the relevant Charged Property) from the Charge.

Release of Charged Property. 5.1 Upon proof being given to the satisfaction of the Trustee of the irrevocable and unconditional payment or discharge by the Issuer of all the Issuer Obligations, the Trustee shall, at the request and cost of the Issuer, release, reassign or discharge the Charged Property to, or to the order of, the Issuer. 5.2 Upon the Issuer (or the Cash Manager on its behalf) making a disposal of an Eligible Investment charged pursuant to Clause 3.4, the Trustee shall, if so requested in writing by and at the sole cost and expense of the Issuer, but without being responsible for any Liability whatsoever occasioned by so acting upon such written request, release, reassign or discharge from the Security Interests constituted by or pursuant to this Deed the relevant Charged Property to the Issuer or to the order of the Issuer provided that the proceeds of such disposal are paid into an account charged pursuant to Clause 3.3 in accordance with the relevant provisions of the Cash Management Agreement. 5.3 From time to time, for the avoidance of doubt, there shall be deemed to be released from the Security Interests constituted by this Deed all amounts which the Issuer (in respect of the Dividend Accounts but only in accordance with Condition 4) and the Cash Manager on behalf of the Issuer (in respect of all Issuer Accounts), is permitted to withdraw from the Issuer Accounts, any such release to take effect immediately upon the relevant withdrawal being made provided that where the relevant amount is transferred to another Issuer Account, it shall thereupon become subject to the Security Interests constituted by this Deed in respect of such Issuer Account. 5.4 The Secured Creditors authorise the Trustee to release or reassign (as the case may be) on their behalf any charge created over any Eligible Investment or any assignment of a buy/sell back agreement or repurchase agreement under this Deed in order to allow the Cash Manager to liquidate the Eligible Investments free of any Security Interests.