Common use of Release of Security Clause in Contracts

Release of Security. If a disposal of any asset subject to security created by a Security Document is made in the following circumstances:

Appears in 9 contracts

Samples: Term Loan Facility (Okeanis Eco Tankers Corp.), Facility Agreement (Navios Maritime Partners L.P.), Term Loan Facility (Navios Maritime Partners L.P.)

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Release of Security. If a disposal of any asset subject to security created by a Transaction Security Document is made in the following circumstances:

Appears in 2 contracts

Samples: Term Loan Facility Agreement (GDS Holdings LTD), Term Loan Facility Agreement (GDS Holdings LTD)

Release of Security. (a) If a disposal of any asset subject to security created by a Security Document is made to a person (which is and will remain) outside the Group in the following circumstances:

Appears in 2 contracts

Samples: Coface Facility Agreement (Globalstar, Inc.), Coface Facility Agreement (Globalstar, Inc.)

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Release of Security. (a) If a disposal of any asset subject to security created by a Security Document is made in the following circumstances:

Appears in 1 contract

Samples: Term Loan Facility Agreement (Castor Maritime Inc.)

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