Common use of Release on Redemption Clause in Contracts

Release on Redemption. 4.1 Upon the Bank being satisfied that there has been a full and final payment and discharge by the Counterparty of the Secured Obligations, the Bank at the request and cost of the Counterparty shall release or discharge the Charged Property to the Counterparty or any other person entitled thereto.

Appears in 3 contracts

Samples: Framework Agreement, Framework Agreement, Framework Agreement

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Release on Redemption. 4.1 4.1. Upon the Bank being satisfied that there has been a full and final payment and discharge by the Counterparty of the Secured Obligations, the Bank at the request and cost of the Counterparty shall release or discharge the Charged Property to the Counterparty or any other person entitled thereto.

Appears in 1 contract

Samples: Framework Agreement

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Release on Redemption. 4.1 Upon the Bank being satisfied that there has been a full and final payment and discharge by the Counterparty of the Secured Obligations, the Bank at the request and cost of the Counterparty shall release or discharge the Charged Property to the Counterparty or any other person entitled thereto.

Appears in 1 contract

Samples: Framework Agreement

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