Common use of Release of Pledged Bonds Clause in Contracts

Release of Pledged Bonds. Pledged Bonds, or such portion thereof, shall be released from the security interest created under this Agreement to the extent of and upon satisfaction in accordance with this Agreement of the Tender Advance Revolving Loans and amounts related thereto with respect to such Pledged Bonds.

Appears in 4 contracts

Samples: Credit Agreement (South Jersey Gas Co/New), Revolving Credit Agreement (South Jersey Industries Inc), Credit Agreement (South Jersey Industries Inc)

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Release of Pledged Bonds. Pledged Bonds, or such portion thereof, Bonds shall be released from the security interest created under this Agreement to the extent of and hereunder upon satisfaction in accordance with this Agreement of the Tender Advance Revolving Loans and amounts related thereto Reimbursement Obligations with respect to such Pledged BondsBonds as provided in Section 2.8 of the Indenture.

Appears in 3 contracts

Samples: Reimbursement and Security Agreement (Atlantic American Corp), Reimbursement and Security Agreement (Open Plan Systems Inc), Reimbursement and Security Agreement (Culp Inc)

Release of Pledged Bonds. Pledged Bonds, or such portion thereof, Bonds shall be released from the security interest created under this Agreement to the extent of and hereunder upon satisfaction in accordance with this Agreement of the Tender Advance Revolving Loans and amounts related thereto Reimbursement Obligations with respect to such Pledged BondsBonds as provided herein.

Appears in 2 contracts

Samples: Letter of Credit and Security Agreement (Agl Resources Inc), Letter of Credit and Security Agreement (Agl Resources Inc)

Release of Pledged Bonds. Pledged Bonds, or such portion thereof, Bonds shall be released from the security interest created under this Agreement to the extent of and hereunder upon satisfaction in accordance with this Agreement of the Tender Advance Revolving Loans and amounts related thereto Reimbursement Obligations with respect to such Pledged BondsBonds as provided in SECTION 2.8 of the Indenture.

Appears in 1 contract

Samples: Reimbursement and Security Agreement (Culp Inc)

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Release of Pledged Bonds. Pledged Bonds, or such portion thereof, Bonds shall be released from the security interest created under this Agreement to the extent of and hereunder upon satisfaction in accordance with this Agreement of the Tender Advance Revolving Loans and amounts related thereto Obligations with respect to such Pledged Bonds.

Appears in 1 contract

Samples: First Supplemental Trust Indenture (Tj International Inc)

Release of Pledged Bonds. Pledged Bonds, or such portion thereof, shall be released from the security interest created under this Agreement to the extent of of, and upon satisfaction in accordance with of the Obligors' reimbursement obligations under, this Agreement of the Tender Advance Revolving Loans and amounts related thereto with respect to such Pledged Bonds.

Appears in 1 contract

Samples: Letter of Credit and Reimbursement Agreement (South Jersey Industries Inc)

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