Retention of Deed Sample Clauses

Retention of Deed. If the SEOCH Participant requests SEOCH to release the Charged Property following any payment or discharge made or Security Interest or guarantee given in relation to the Secured Sums by a person other than the SEOCH Participant (a "Relevant Transaction"), SEOCH or SEOCH's nominee shall be entitled to retain this deed and shall not be obliged to release the Charged Property until the expiry of the Retention Period in relation to that Relevant Transaction. If at any time before the expiry of that Retention Period the Dissolution of such other person shall have commenced, SEOCH may continue to retain this deed and shall not be obliged to release the Charged Property for such further period as SEOCH may determine.
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Retention of Deed. If the Company requests the Security Trustee to release the Assigned Assets from the Assignment following any payment or discharge of the Secured Liabilities by a person other than the Company (a "RELEVANT TRANSACTION"), the Security Trustee shall at the cost of the Company execute such documents and deeds and do all such acts and things as may be necessary to release the Assigned Assets from the Assignment provided the Security Trustee is satisfied that the payment or discharge will not be avoided, reduced or invalidated. If the Security Trustee is not so satisfied, the Security Trustee shall be entitled to retain this Deed and shall not be obliged to release the Assigned Assets from the Assignment until the expiry of the Retention Period (being the period which commences on the date when that Relevant Transaction was made or given, and ends on the date falling one month after the expiration of the maximum period within which that Relevant Transaction can be avoided, reduced or invalidated by virtue of any applicable law or for any other reason whatsoever in relation to that Relevant Transaction). If at any time before the expiry of that Retention Period the Dissolution of such other person has commenced, the Security Trustee may continue to retain this Deed and shall not be obliged to release the Assigned Assets from the Assignment for such further period as the Security Trustee may determine.
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Retention of Deed. The Security Trustee may in its absolute discretion retain all or part of this Deed as a guarantee for the Guaranteed Liabilities for a period of 25 months after the Guaranteed Liabilities shall have been paid and discharged in full. If at any time within that period of 25 months a petition is presented to a competent court for a winding-up or administration order to be made in respect of any RRL Group Company or steps are taken to wind up any RRL Group Company voluntarily, then the Security Trustee may continue to retain all or part of this Deed for such further period as the Security Trustee in its absolute discretion shall determine.
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Retention of Deed. If the Chargor requests the Security Agent to release the Charged Property from the Charge following any payment or discharge made or Security or guarantee given in relation to the Secured Liabilities by a person other than the Chargor or the Borrower (a “Relevant Transaction”) and the Security Agent reasonably considers that the Relevant Transaction is capable of being avoided, reduced or invalidated by virtue of applicable law, the Security Agent shall be entitled to retain this Deed (and all stock and share certificates, documents of title and other documentary evidence of ownership in relation to the Charged Property deposited with the Security Agent pursuant to Clause 4 (Covenant to Deposit and Further Assurances)) and shall not be obliged to release the Charged Property from the Charge until the expiry of the Retention Period in relation to that Relevant Transaction. If at any time before the expiry of that Retention Period any material step has been taken for or with a view to the administration, liquidation or dissolution of such other person or any analogous proceeding in respect of such other person, the Security Agent may continue to retain this Deed (and all such stock and share certificates, documents of title and documentary evidence) and shall not be obliged to release the Charged Property from the Charge for such further period as the Security Agent may reasonably determine.
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Retention of Deed. If the Guarantor requests the Security Trustee to release its guarantee following any payment or discharge made or security or guarantee given in relation to the Guaranteed Liabilities by the Guarantor or any other person liable (a "Relevant Transaction"), the Security Trustee shall be entitled, if it is satisfied (acting reasonably) that the Guarantor or such other person (as relevant) is (or is as a consequence of that Relevant Transaction) Insolvent, to retain this Deed and shall not 159 be obliged to release the Guarantor from its guarantee until the expiry of the Retention Period (as hereinafter defined) in relation to that Relevant Transaction (as hereinafter defined). If at any time before the expiry of that Retention Period any event takes place in relation to the Guarantor or such other person which corresponds to any of the events set out in clauses 14.1(j) to 14.1(n) of the Agreement, the Security Trustee may continue to retain this Deed and shall not be obliged to release the guarantee for such further period as the Security Trustee may determine. For the purpose of clause 8.2:
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Retention of Deed. If the Chargor requests Laurus to release the Charged Property from the Charge following any payment or discharge made or Security or guarantee given in relation to the Secured Liabilities by a person other than the Chargor (a "Relevant Transaction"), Laurus shall be entitled to retain this deed (and all stock and share certificates, documents of title and other documentary evidence of ownership in relation to the Charged Property deposited with Laurus pursuant to clause 4) and shall not be obliged to release the Charged Property from the Charge until the expiry of the Retention Period in relation to that Relevant Transaction. If at any time before the expiry of that Retention Period any step has been taken for or with a view to the administration, liquidation or dissolution of such other person or any analogous proceeding in respect of such other person, Laurus may continue to retain this deed (and all such stock and share certificates, documents of title and documentary evidence) and shall not be obliged to release the Charged Property from the Charge for such further period as Laurus may determine.
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Retention of Deed. If the Pledgor requests the Administrative Agent to release reassign and discharge the Pledged Portfolio from the Pledge following any payment or discharge made or security or guarantee given in relation to the Secured Obligations by a person other than the Pledgor (a "Relevant Transaction"), the Administrative Agent shall be entitled to retain this Pledge (and all stock and share certificates, documents of title and other documentary evidence of ownership in relation to the Pledged Portfolio deposited with the Administrative Agent pursuant to clause 4) and shall not be obliged to release reassign and discharge the Pledged Portfolio from the Pledge until the expiry of the Retention Period in relation to that Relevant Transaction. If at any time before the expiry of that Retention Period the winding-up, dissolution, administration or re-organisation of such other person shall have commenced, the Administrative Agent may continue to retain this Pledge (and all such stock and share certificates, documents of title and documentary evidence) and shall not be obliged to release reassign and discharge the Pledged Portfolio from the Pledge for such further period as the Administrative Agent may reasonably determine.
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Retention of Deed. If the Assignor requests the Assignee to reassign the Deposit to the Assignor following any payment or discharge made in relation to the Secured Sums by a person other than the Assignor (a "Relevant Transaction"), the Assignee shall be entitled to retain this deed and shall not be obliged to reassign the Deposit until the expiry of the Retention Period in relation to that Relevant Transaction. If at any time before the expiry of that Retention Period the insolvency, winding up, liquidation, administration or occurrence of any analogous event in respect of such other person shall have commenced, the Assignee may continue to retain this deed and shall not be obliged to reassign the Deposit for such further period as the Assignee may determine.
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Related to Retention of Deed

  • Retention of Data With regard to business transactions covered by this Agreement, Licensee must retain any records for a period of ten years starting on 1th of January of the year following the year during which the data were transmitted or otherwise transferred, or for the minimum period prescribed by applicable law, whichever is longer. In addition, Licensee must maintain current, complete and accurate reports on all of SAP’s Confidential Information in its possession or in the possession of its representatives.

  • RETENTION OF ULTIMUS The Trust hereby retains Ultimus to act as the fund accountant of the Trust and to furnish the Trust with the services as set forth below. Ultimus hereby accepts such employment to perform such duties.

  • Retention of Rights 36.1 Clauses 5.2(b),6,7,8,9,11,12, 13, 14, 15 16, 22, 23, 35.1, 37 and 38 of this Section 2 and any relevant clauses listed under Section 4 shall continue in force following the termination of this Contract.

  • Retention of Documents The Registrar shall retain copies of all letters, notices and other written communications received pursuant to this Article II. The Company shall have the right to inspect and make copies of all such letters, notices or other written communications at any reasonable time upon the giving of reasonable written notice to the Registrar.

  • Retention of Consultant The Company hereby retains the Consultant, and Consultant agrees to be retained by the Company, upon the terms in, and subject to the conditions of, this Agreement.

  • Retention of Funds Consultant hereby authorizes City to deduct from any amount payable to Consultant (whether or not arising out of this Agreement) (i) any amounts the payment of which may be in dispute hereunder or which are necessary to compensate City for any losses, costs, liabilities, or damages suffered by City, and (ii) all amounts for which City may be liable to third parties, by reason of Consultant’s acts or omissions in performing or failing to perform Consultant’s obligation under this Agreement. In the event that any claim is made by a third party, the amount or validity of which is disputed by Consultant, or any indebtedness shall exist which shall appear to be the basis for a claim of lien, City may withhold from any payment due, without liability for interest because of such withholding, an amount sufficient to cover such claim. The failure of City to exercise such right to deduct or to withhold shall not, however, affect the obligations of the Consultant to insure, indemnify, and protect City as elsewhere provided herein.

  • Retention of Records The Contractor and its subcontractors shall maintain all records pertinent to this Agreement, and all other financial, statistical, property, participant records, and supporting documentation for a period of no less than seven (7) years from the later of the date of acceptance of the final payment or until all audit findings have been resolved. If any litigation, claim, negotiation, audit or other action involving the records has been started before the expiration of the retention period, the records shall be retained until completion of the action and resolution of all issues which arise from it, or until the end of the seven (7) years, whichever is later, and until any outstanding litigation, audit, or claim has been fully resolved.

  • Retention of Legal Obligations 22.5.1 Notwithstanding the Supplier's right to sub-contract pursuant to this Clause 22, the Supplier shall remain responsible for all acts and omissions of its Sub-Contractors and the acts and omissions of those employed or engaged by the Sub-Contractors as if they were its own.

  • Retention of Benefits Union leave under the following four (4) sections will be unpaid. The Employer will maintain regular pay and xxxx the Union for the costs of the employee’s salary and benefits. If the Union member is part-time or casual, and the leave is greater than their normal work hours, the Employer will pay the employee for the full length of the leave requested by the Union. The Employer will xxxx the Union for these days as noted above. The Union will pay these invoices within twenty-eight (28) days. Union leave is not unpaid leave for the purposes of Article 22.02 [i.e. such leave will not affect the employee’s benefits, seniority or increment anniversary date].

  • Retention of Counsel In any dispute or proceeding arising under or in connection with this Agreement, including, without limitation, Sections 2.3 and 11.1 hereof, Sellers shall have the right, at their election, to retain the firm of Drinker Xxxxxx & Xxxxx LLP and Xxxxx, Xxxxx & Xxxxxx LLP to represent them in such matter and Buyer, for itself and the Eldorado Entities and for its and the Eldorado Entities' successors and assigns, hereby irrevocably waives and consents to any such representation in any such matter and the communication by such counsel to Sellers in connection with any such representation of any fact known to such counsel arising by reason of such counsel's prior representation of Sellers or the Eldorado Entities. Buyer, for itself and the Eldorado Entities, and its and the Eldorado Entities' successors and assigns, hereby irrevocably acknowledges and agrees that all communications between Sellers and their counsel, including, without limitation, Drinker Xxxxxx & Xxxxx LLP and Xxxxx, Xxxxx & Xxxxxx LLP, made in connection with the negotiation, preparation, execution, delivery and closing under, or any dispute or proceeding arising under or in connection with this Agreement which, immediately prior to the Closing, would be deemed to be privileged communications of the Sellers and their counsel and would not be subject to disclosure to the Buyer in connection with any process relating to a dispute arising under or in connection with this Agreement or otherwise, shall continue after the Closing to be communications between Sellers and such counsel and neither Buyer nor any Person purporting to act on behalf of or through Buyer, shall seek to obtain the same by any process on the grounds that the privilege attaching to such communications belongs to the Eldorado Entities and not the Sellers. Other than as explicitly set forth in this Section 13.14, the parties acknowledge that any attorney-client privilege attaching as a result of legal counsel representing the Eldorado Entities prior to the Closing shall survive the Closing and continue to be a privilege of the Eldorado Entities, and not the Sellers, after the Closing.

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