Common use of Release of Security on enforcement Clause in Contracts

Release of Security on enforcement. If, pursuant to or for the purpose of any Enforcement Action taken or to be taken by the Security Agent in accordance with this Agreement, the Security Agent requires any release of any guarantee or Security granted by any member of the Group, each Party shall promptly enter into any release and/or other document and take any action which the Security Agent may reasonably require.

Appears in 4 contracts

Samples: Facilities Agreement (Marine Harvest ASA), Facilities Agreement (Marine Harvest ASA), Facilities Agreement (Marine Harvest ASA)

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