Common use of Release of Pledge Clause in Contracts

Release of Pledge. 10.1 The right of pledge created hereby will be released if, in the Security Trustee's reasonable opinion, it does no longer and will not in the future have any further claims (whether actual or contingent) against the CBC arising out of or in connection with any Security Trustee Secured Liabilities. The Security Trustee will not be obliged to release the right of pledge in any other circumstances, except as provided in Clause 10.2 hereof. 10.2 If and to the extent that any Transferor, or the Issuer on its behalf, requests reassignment of any of the Relevant Mortgage Receivables and such Mortgage Receivables and any Beneficiary Rights relating thereto shall be reassigned in accordance with the Guarantee Support Agreement or the CBC sells and assigns any of the Relevant Mortgage Receivables and any Beneficiary Rights relating thereto in accordance with Clauses 6 and 7 of the Asset Monitoring Agreement, the Security Trustee will be obliged to release the right of pledge created hereby on the Relevant Mortgage Receivables so repurchased by the relevant Transferor or, as the case may be, so sold and assigned by the CBC and any Beneficiary Rights relating to such Relevant Mortgage Receivables. 10.3 The release of the right of pledge as referred to above may be effected by the Security Trustee, to the extent not effected by operation of law, in whole or in part, by means of termination (opzegging) or waiver (afstand), in whole or in part, as the Security Trustee may determine.

Release of Pledge. 10.1 The right of pledge created hereby will be released if, in the Security Trustee's reasonable opinion, it does no longer and will not in the future have any further claims (whether actual or contingent) against the CBC arising out of or in connection with any Security Trustee Secured Liabilities. The Security Trustee will not be obliged to release the right of pledge in any other circumstances, except as provided in Clause 10.2 hereof. 10.2 If and to the extent that any the Transferor, or the Issuer on its behalf, requests reassignment of any of the Relevant relevant Mortgage Receivables and such Mortgage Receivables and any Beneficiary Rights relating thereto and NHG Advance Rights shall be reassigned assigned in accordance with the Guarantee Support Agreement or the CBC sells and assigns any of the Relevant Mortgage Receivables and Receivables, any Beneficiary Rights relating thereto and any NHG Advance Rights in accordance with Clauses 5 and 6 and 7 of the Asset Monitoring Agreement, the Security Trustee will be obliged to release the right of pledge created hereby on the Relevant relevant Mortgage Receivables so repurchased by retransferred to the relevant Transferor or, as the case may be, so sold transferred and assigned by the CBC and any Beneficiary Rights and NHG Advance Rights relating to such Relevant relevant Mortgage Receivables. 10.3 The release of the right of pledge as referred to above may be effected by the Security Trustee, to the extent not effected by operation of law, in whole or in part, by means of termination (opzegging) or waiver (afstand), in whole or in part, as the Security Trustee may determine.

Release of Pledge. ‌ 10.1 The right of pledge created hereby will be released if, in the Security Trustee's reasonable opinion, it does no longer and will not in the future have any further claims (whether actual or contingent) against the CBC arising out of or in connection with any Security Trustee Secured Liabilities. The Security Trustee will not be obliged to release the right of pledge in any other circumstances, except as provided in Clause 10.2 hereof. 10.2 If and to the extent that any the Transferor, or the Issuer on its behalf, requests reassignment of any of the Relevant Mortgage Receivables and such Mortgage Receivables and any Beneficiary Rights relating thereto and NHG Advance Rights shall be reassigned assigned in accordance with the Guarantee Support Agreement or the CBC sells and assigns any of the Relevant Mortgage Receivables and any Beneficiary Rights relating thereto and NHG Advance Rights in accordance with Clauses 5 and 6 and 7 of the Asset Monitoring Agreement, the Security Trustee will be obliged to release the right of pledge created hereby on the Relevant Mortgage Receivables so repurchased by retransferred to the relevant Transferor or, as the case may be, so sold transferred and assigned by the CBC and any Beneficiary Rights and NHG Advance Rights relating to such Relevant Mortgage Receivables. 10.3 The release of the right of pledge as referred to above may be effected by the Security Trustee, to the extent not effected by operation of law, in whole or in part, by means of termination (opzegging) or waiver (afstand), in whole or in part, as the Security Trustee may determine.

Release of Pledge. 10.1 The right of pledge created hereby will be released if, in the Security Trustee's reasonable opinion, it does no longer and will not in the future have any further claims (whether actual or contingent) against the CBC arising out of or in connection with any Security Trustee Secured Liabilities. The Security Trustee will not be obliged to release the right of pledge in any other circumstances, except as provided in Clause 10.2 hereof. 10.2 If and to the extent that any the Transferor, or the Issuer on its behalf, requests reassignment of any of the Relevant relevant Mortgage Receivables and such Mortgage Receivables and any Beneficiary Rights relating thereto shall be reassigned assigned in accordance with the Guarantee Support Agreement or the CBC sells and assigns any of the Relevant Mortgage Receivables and any Beneficiary Rights relating thereto in accordance with Clauses 6 8 and 7 9 of the Asset Monitoring Agreement, the Security Trustee will be obliged to release the right of pledge created hereby on the Relevant relevant Mortgage Receivables so repurchased by the relevant Transferor or, as the case may be, so sold and assigned by the CBC and any Beneficiary Rights relating to such Relevant relevant Mortgage Receivables. 10.3 The release of the right of pledge as referred to above may be effected by the Security Trustee, to the extent not effected by operation of law, in whole or in part, by means of termination (opzegging) or waiver (afstand), in whole or in part, as the Security Trustee may determine.

Release of Pledge. 10.1 The right Anything to the contrary herein notwithstanding, Lender shall release the Pledged Collateral from pledge hereunder upon full performance of pledge created hereby all the Pledge Obligations and the termination or expiration of the Note. Notwithstanding the foregoing, the Lender consents to any sale, transfer for fair value or redemption of any or all of the financial assets included in the Pledged Collateral so long as, subject to the final sentence of this Section 5, all proceeds from any such sale, transfer or redemption are first applied to the outstanding principal of and interest on the Note, whether or not such amounts are then due, and then to the satisfaction of each of the other Pledge Obligations. In the event that Pledgor's Securities Account is no longer maintained by Broker, the Lender consents to any sale or other disposition of such Pledged Collateral provided that (i), subject to the final sentence of this Section 5, all proceeds from any such sale or disposition of such Pledged Collateral will be released iffirst applied to the outstanding principal of and interest on the Note, whether or not such amounts are then due, and then to the satisfaction of each of the other Pledge Obligations, and (ii) in the Security Trustee's reasonable opinionevent that the sale or disposition does not occur, it does no longer such Pledged Collateral will be returned to the Lender and will not remain subject to pledge hereunder. Notwithstanding any other provision of this Agreement, if any sale, transfer, disposition or redemption results in the future have any further claims (whether actual or contingentimposition of Applicable Taxes(as defined in the Note) against on the CBC arising out of or in connection with any Security Trustee Secured Liabilities. The Security Trustee will not be obliged Borrower, an amount equal to release the right of pledge in any other circumstances, except as provided in Clause 10.2 hereof. 10.2 If and to the extent that any Transferor, or the Issuer on its behalf, requests reassignment of any of the Relevant Mortgage Receivables and such Mortgage Receivables and any Beneficiary Rights relating thereto Applicable Taxes shall be reassigned in accordance with released from the Guarantee Support Agreement or the CBC sells and assigns any of the Relevant Mortgage Receivables and any Beneficiary Rights relating thereto in accordance with Clauses 6 and 7 of the Asset Monitoring Agreement, the Security Trustee will be obliged to release the right of pledge created hereby on the Relevant Mortgage Receivables so repurchased by the relevant Transferor or, as the case may be, so sold and assigned by the CBC and any Beneficiary Rights relating to such Relevant Mortgage Receivables. 10.3 The release of the right of pledge as referred to above may be effected by the Security TrusteePledged Collateral, to the extent such amount constitutes part of the Pledged Collateral, to the Borrower and not effected by operation applied to the principal of law, in whole or in part, by means of termination (opzegging) interest on the note or waiver (afstand), in whole or in part, as used to satisfy the Security Trustee may determineother Pledge Obligations.

Release of Pledge. 10.1 The right of pledge created hereby will be released if, in the Security Trustee's reasonable opinion, it does no longer and will not in the future have any further claims (whether actual or contingent) against the CBC arising out of or in connection with any Security Trustee Secured Liabilities. The Security Trustee will not be obliged to release the right of pledge in any other circumstances, except as provided in Clause 10.2 hereof. 10.2 If and to the extent that any the Transferor, or the Issuer on its behalf, requests reassignment of any of the Relevant relevant Mortgage Receivables and such Mortgage Receivables and any Beneficiary Rights relating thereto shall be reassigned assigned in accordance with the Guarantee Support Agreement or the CBC sells and assigns any of the Relevant Mortgage Receivables and any Beneficiary Rights relating thereto in accordance with Clauses 5 and 6 and 7 of the Asset Monitoring Agreement, the Security Trustee will be obliged to release the right of pledge created hereby on the Relevant relevant Mortgage Receivables so repurchased by the relevant Transferor or, as the case may be, so sold and assigned by the CBC and any Beneficiary Rights relating to such Relevant relevant Mortgage Receivables. 10.3 The release of the right of pledge as referred to above may be effected by the Security Trustee, to the extent not effected by operation of law, in whole or in part, by means of termination (opzegging) or waiver (afstand), in whole or in part, as the Security Trustee may determine.

Release of Pledge. 10.1 The right of pledge created hereby will be released if, in the Security Trustee's reasonable opinion, it does no longer and will not in the future have any further claims (whether actual or contingent) against the CBC arising out of or in connection with any Security Trustee Secured Liabilities. The Security Trustee will not be obliged to release the right of pledge in any other circumstances, except as provided in Clause 10.2 hereof. 10.2 If and to the extent that any the Transferor, or the Issuer on its behalf, requests reassignment of any of the Relevant relevant Mortgage Receivables and such Mortgage Receivables and any Beneficiary Rights relating thereto shall be reassigned assigned in accordance with the Guarantee Support Agreement or the CBC sells and assigns any of the Relevant Mortgage Receivables and any Beneficiary Rights relating thereto in accordance with Clauses 6 clauses 8 and 7 9 of the Asset Monitoring Agreement, the Security Trustee will be obliged to release the right of pledge created hereby on the Relevant relevant Mortgage Receivables so repurchased by retransferred to the relevant Transferor or, as the case may be, so sold transferred and assigned by the CBC and any Beneficiary Rights relating to such Relevant relevant Mortgage Receivables. 10.3 The release of the right of pledge as referred to above may be effected by the Security Trustee, to the extent not effected by operation of law, in whole or in part, by means of termination (opzegging) or waiver (afstand), in whole or in part, as the Security Trustee may determine.

Release of Pledge. ‌ 10.1 The right of pledge created hereby will be released if, in the Security Trustee's reasonable opinion, it does no longer and will not in the future have any further claims (whether actual or contingent) against the CBC arising out of or in connection with any Security Trustee Secured Liabilities. The Security Trustee will not be obliged to release the right of pledge in any other circumstances, except as provided in Clause 10.2 hereof. 10.2 If and to the extent that any Transferor, or the Issuer on its behalf, requests reassignment of any of the Relevant Mortgage Receivables and such Mortgage Receivables and any Beneficiary Rights relating thereto shall be reassigned assigned in accordance with the Guarantee Support Agreement or the CBC sells and assigns any of the Relevant Mortgage Receivables and any Beneficiary Rights relating thereto in accordance with Clauses 6 and 7 of the Asset Monitoring Agreement, the Security Trustee will be obliged to release the right of pledge created hereby on the Relevant Mortgage Receivables so repurchased by the relevant Transferor or, as the case may be, so sold and assigned by the CBC and any Beneficiary Rights relating to such Relevant Mortgage Receivables. 10.3 The release of the right of pledge as referred to above may be effected by the Security Trustee, to the extent not effected by operation of law, in whole or in part, by means of termination ("opzegging") or waiver ("afstand"), in whole or in part, as the Security Trustee may determine.

Release of Pledge. 10.1 The right of pledge created hereby will be released if, in the Security Trustee's reasonable opinion, it does no longer and will not in the future have any further claims (whether actual or contingent) against the CBC arising out of or in connection with any Security Trustee Secured Liabilities. The Security Trustee will not be obliged to release the right of pledge in any other circumstances, except as provided in Clause 10.2 hereof. 10.2 If and to the extent that any the Transferor, or the Issuer on its behalf, requests reassignment of any of the Relevant relevant Mortgage Receivables and such Mortgage Receivables and any Beneficiary Rights relating thereto shall be reassigned assigned in accordance with the Guarantee Support Agreement or the CBC sells and assigns any of the Relevant Mortgage Receivables and any Beneficiary Rights relating thereto in accordance with Clauses clauses 5 and 6 and 7 of the Asset Monitoring Agreement, the Security Trustee will be obliged to release the right of pledge created hereby on the Relevant relevant Mortgage Receivables so repurchased by retransferred to the relevant Transferor or, as the case may be, so sold transferred and assigned by the CBC and any Beneficiary Rights relating to such Relevant relevant Mortgage Receivables. 10.3 The release of the right of pledge as referred to above may be effected by the Security Trustee, to the extent not effected by operation of law, in whole or in part, by means of termination (opzegging) or waiver (afstand), in whole or in part, as the Security Trustee may determine.

Release of Pledge. ‌ 10.1 The right of pledge created hereby will be released if, in the Security Trustee's reasonable opinion, it does no longer and will not in the future have any further claims (whether actual or contingent) against the CBC arising out of or in connection with any Security Trustee Secured Liabilities. The Security Trustee will not be obliged to release the right of pledge in any other circumstances, except as provided in Clause 10.2 hereof. 10.2 If and to the extent that any Transferor, or the Issuer on its behalf, requests reassignment of any of the Relevant Mortgage Receivables and such Mortgage Receivables and any Beneficiary Rights relating thereto shall be reassigned in accordance with the Guarantee Support Agreement or the CBC sells and assigns any of the Relevant Mortgage Receivables and any Beneficiary Rights relating thereto in accordance with Clauses 6 and 7 of the Asset Monitoring Agreement, the Security Trustee will be obliged to release the right of pledge created hereby on the Relevant Mortgage Receivables so repurchased by the relevant Transferor or, as the case may be, so sold and assigned by the CBC and any Beneficiary Rights relating to such Relevant Mortgage Receivables. 10.3 The release of the right of pledge as referred to above may be effected by the Security Trustee, to the extent not effected by operation of law, in whole or in part, by means of termination (opzegging) or waiver (afstand), in whole or in part, as the Security Trustee may determine.