Release of Pledged Property. (a) The Indenture Trustee, when required by the Trust and the provisions of this Indenture, shall execute instruments provided to it in order to release property from the lien of this Indenture in a manner and under circumstances that are not inconsistent with the provisions of this Indenture and the Servicing Agreement. No party relying upon an instrument executed by the Indenture Trustee as provided in this Article IV 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 Property. The Indenture Trustee shall, on or after the Termination Date, release and cause the Trust Collateral Agent to release any remaining portion of the Pledged Property from the lien created by this Indenture and deposit in the Collection Account any funds then on deposit in any of the other Accounts. The Indenture Trustee shall release property from the lien created by this Indenture pursuant to this Section 2.11 only upon receipt of an Issuer Request and (if required by the TIA) Independent Certificates in accordance with TIA xx.xx. 314(c) and 314(d)(1) meeting the applicable requirements of Section 11.1.
Release of Pledged Property. The Pledged Property shall stand as one general, continuing collateral security for all Obligations to Lender and may be retained by Lender until all Obligations have been satisfied in full. Lender will release Pledged Loans at the request of the Borrowing Group so long as Aggregate Credit Balance immediately following such a release will not exceed 100% of the then current aggregate principal balance outstanding of the Pledged Loans.
Release of Pledged Property. If (i) the Borrower or its Subsidiary sells, transfers or disposes of any Pledged Property in a transaction permitted by this Agreement and (ii) no Default under Sections 7.01(b), Section 7.01(h) or Section 7.01(i) or Event of Default shall have occurred hereunder and be continuing (or would exist immediately after giving effect to the transactions contemplated by this Section 4A.09), the Administrative Agent shall release such Pledged Property from the Lien or security title of the Security Documents encumbering the same upon the written request of the Borrower, subject to and upon the following terms and conditions: 103
Release of Pledged Property. The Secured Party agrees that, upon effectiveness of a registration statement with the Securities and Exchange Commission registering for distribution in a spin off transaction (a “Spin Off”) of the common stock underlying any of the securities listed on Exhibit B hereto (the “Spin Off Shares”), it will deliver the Spin Off Shares to the Company and will terminate any security interest the Secured Party may have in such Spin Off Shares pursuant to this Agreement or any other agreement between the parties; provided, however, that the Company must receive the prior written consent of the Secured Party to declare any dividend with respect to (and distribute out) any Spin Off Shares that would be in excess of twenty-five percent (25%) of the aggregate number of shares of common stock the Company owns of any such entity being spun off.
Release of Pledged Property. (a) Subject to the payment of its fees and expenses and other amounts pursuant to Section 6.7, 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, 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 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 moneys.
Release of Pledged Property. After the Pledgors and the Company have fully fulfilled all Contractual Obligations and repaid all the Guaranteed Liabilities, the Pledgee shall, at the request of the Pledgors, release the Pledged Property hereunder, and cooperate with the Pledgors to deregister the Equity Pledge in the register of members of the Company and in the relevant industrial and commercial authority. All reasonable expenses arising from the release of the Pledged Property shall be borne by the Pledgors.
