Release of Pledges. NAI shall cause the Selling Stockholder to cause the Shares to be released from any and all pledges and other liens, encumbrances, equities and claims under NAI’s existing debt instruments in accordance with the respective terms thereof such that the Shares may be delivered at the Closing Time and at any Settlement Time, as the case may be, in accordance with the terms hereof.
Release of Pledges. Notwithstanding the application (if relevant) of Sections 5.05(b) or (c), Buyer covenants and undertakes to each Seller that it shall take all such necessary action and execute and deliver any instruments and documents as may, at any time, be necessary under Applicable Law or otherwise reasonably requested by such Seller to ensure release of all of its Seller Shares (including, for the avoidance of doubt, any American Depositary Receipts or Global Depositary Receipts with respect to such Seller Shares) pledged pursuant to any Pledge Agreement immediately upon the termination of this Agreement for any reason whatsoever.
Release of Pledges. 6.1 Eurex Clearing AG will only release the pledges granted pursuant to Clauses 2.2 to 2.54 upon (i) a termination in respect of the Clearing Member pursuant to Chapter I Part 1 Number 13 of the Clearing Conditions or the completion of the default management process in respect of such Clearing Member, as the case may be, and (ii) the full and final discharge of all claims secured by such pledges.
Release of Pledges. It is understood and agreed that the pledges of stock identified on SCHEDULE 5.4 will be released on or before the Closing Date and all outstanding stock of the Company will be free and clear of all Liens.
Release of Pledges. Each Purchaser or its special counsel shall have received evidence satisfactory to such special counsel that each “Interest Rate Pledge” under and as defined in each relevant Material Credit Facility shall have been terminated and all security interests granted pursuant thereto shall have been released. Section 4.14.
Release of Pledges. The Seller shall obtain the release of all liens on the assets of the Company and pledges of the capital stock of the Company and the subsidiaries of the Company.
Release of Pledges. Effective upon the Consummation, (i) PLC is hereby released from its obligations under the General Partner Pledge Agreement dated as of September 21, 1999, (ii) each of Panda I and Panda II are hereby released from their respective obligations under the Partnership Interest Pledge Agreement dated as of September 21, 1999, and (iii) TPS II is hereby released from any obligations it may have pursuant to either of the foregoing.
