Release of Pledged Assets. (a) Subject to the payment of its fees and expenses pursuant to Section 6.07, the Indenture Trustee may, and when required by the provisions of this Indenture shall, execute instruments to release property from the lien of this Indenture, or convey the Indenture Trustee's interest in the same, in a manner and under circumstances that are not inconsistent with the provisions of this Indenture. No party relying upon an instrument executed by the Indenture Trustee as provided in this Article shall be bound to ascertain the Indenture Trustee's authority, inquire into the satisfaction of any conditions precedent or see to the application of any monies.
Release of Pledged Assets. Subject to Section 13.01 and the terms of the Basic Documents, the Indenture Trustee shall release property from the lien of this Indenture only upon receipt of an Issuer Request accompanied by an Officer's Certificate, an Opinion of Counsel and Independent Certificates in accordance with Sections 314(c) and 314(d)(l) of the TIA or an Opinion of Counsel in lieu of such Independent Certificates to the effect that the TIA does not require any such Independent Certificates.
Release of Pledged Assets. Subject to Section 12.01 hereof and the terms of the Basic Documents, the Indenture Trustee shall release property from the lien of this Indenture only upon receipt by the Indenture Trustee of an Issuer Request accompanied by an Officer's Certificate, an Opinion of Counsel and Independent Certificates in accordance with Sections 314(c) of the Trust Indenture Act or an Opinion of Counsel in lieu of such Independent Certificates to the effect that the Trust Indenture Act does not require any such Independent Certificates.
Release of Pledged Assets. (a) The Indenture Trustee may, and when required by the provisions of this Indenture or the other Transaction Documents shall, execute instruments to release property from the lien of this Indenture, or convey the Indenture Trustee's interest in the same, in a manner and under circumstances that are not inconsistent with the provisions of this Indenture or the Transaction Documents. No party relying on an instrument executed by the Indenture Trustee as provided in this Article VIII shall be bound to ascertain the Indenture Trustee's authority, inquire into the satisfaction of any conditions precedent or see to the application of any monies.
Release of Pledged Assets. (a) Subject to the payment of its reasonable fees and expenses pursuant to Section 6.07 hereof, the Indenture Trustee may, and when required by the provisions of this Indenture shall, execute instruments to release property from the Lien of this Indenture, or convey the Indenture Trustee's interest in the same, in a manner and under circumstances that are not inconsistent with the provisions of this Indenture. No party relying upon an instrument executed by the Indenture Trustee as provided in this Article shall be bound to ascertain the Indenture Trustee's authority, inquire into the satisfaction of any conditions precedent or see to the application of any monies.
Release of Pledged Assets. The Pledgee shall release the Pledged Assets from the Pledge upon full and final discharge of the Secured Obligations upon receipt of a written request from the Pledgor. Any work performed by the Pledgee relating to the release of the Pledged Assets shall be at the cost and expense of the Pledgor. Upon complete and final discharge pursuant to the foregoing Clause 11(a) (Release of Pledged Assets), the Pledge created pursuant to this Agreement shall terminate and the Pledged Assets then remaining and not previously applied against the Secured Obligations held by the Pledgee shall be released and returned by the Pledgee to the Pledgor. Any Pledged Assets to be returned shall be delivered, net of any transfer taxes or other expenses in connection with such return or release. The Pledgee will not make or shall not be deemed to have made any representation or warranty, whether express or implied, with respect to any Pledged Assets so delivered, except that any such Pledged Assets shall be delivered to the Pledgor free and clear of any encumbrance or other third party right granted by the Pledgee.
Release of Pledged Assets. (a) Subject to the payment of amounts owing to it pursuant to Section 6.07, the Indenture Trustee may, and when required by the provisions of ------------ this Indenture or the other Transaction Documents shall, execute instruments to release property from the Lien of this Indenture, or convey the Indenture Trustee's interest in the same, in a manner and under circumstances that are not inconsistent with the provisions of this Indenture or the Transaction Documents. No party relying on an instrument executed by the Indenture Trustee as provided in this Article VIII shall be bound to ascertain the Indenture Trustee's ------------- authority, inquire into the satisfaction of any conditions precedent or see to the application of any monies.
Release of Pledged Assets. Upon full and final payment of the Secured Obligations, KP-XXXX shall promptly release and deliver the Pledged Assets to BSPI to the extent same has not been sold or otherwise disposed of pursuant to this Pledge Agreement.
Release of Pledged Assets. Subject to Section 12.01 hereof and the terms of the Basic Documents, the Indenture Trustee shall release property from the lien of this Indenture only upon receipt by the Indenture Trustee and the Insurer of an Issuer Request accompanied by an Officer’s Certificate, an Opinion of Counsel and Independent Certificates in accordance with Sections 314(c) and 314(d)(1) of the Trust Indenture Act or an Opinion of Counsel in lieu of such Independent Certificates to the effect that the Trust Indenture Act does not require any such Independent Certificates.
Release of Pledged Assets. (a) Upon satisfaction of each of the “Release Conditions” specified in Section 5.06(b) with respect to any proposed release of any Collateral constituting a Pledged Asset from the Lien created under this Agreement (each a “Release Transaction”), the release contemplated by such Release Transaction shall be effective automatically and without further action of any Person and:
