Security Release. If the Security Value shall at any time exceed the Minimum Value, and the Borrowers shall previously have provided further security to the Security Agent pursuant to clause 23.12 (Security Shortfall), the Security Agent shall, as soon as reasonably practicable after notice from the Borrowers to do so and subject to being indemnified to its satisfaction against the cost of doing so, release any such further security specified by the Borrowers provided that the Agent is satisfied that, immediately following such release, the Security Value will equal or exceed the Minimum Value and no other Event of Default shall have occurred and be continuing.
Security Release. If the Security Value:
Security Release. The City may hold any required financial security until the proposed improvements or development are completed and a certificate of occupancy indicating compliance with the application approval and Building Code of the City has been issued by the City Building Official, or a certificate of completion has been issued by the City Engineer.
Security Release. If the Security Value shall at any time during the three year period starting from the date of this Agreement exceed one hundred and four per cent (104%) of the Security Requirement during that period or, at any time thereafter exceed one hundred and four point seventeen per cent (104.17%) of the Security Requirement during that period, and the Borrower shall previously have provided further security to the Bank pursuant to clause 9.2.1(b) or 9.2.1(c) the Bank shall, as soon as reasonably practicable after receiving a written request from the Borrower to do so, release any such further security specified by the Borrower provided that the Bank is satisfied that, immediately following such release, the Security Value will be equal to or in excess of the Security Requirement.
Security Release. 7.1 After the occurrence of all of: (a) the Secured Obligations have been unconditionally and irrevocably repaid and discharged in full, and (b) the Bank having no commitment or obligation to lend any further funds to the Borrower, the Bank shall immediately re-transfer all assigned Claims to Affimed and surrender all other financial collateral granted under this Agreement. The Bank shall, however, remain entitled to transfer any security to a third party, as long as it is legally obliged to do so, for example, if a guarantor has made payments to the Bank on behalf of Affimed.
Security Release. Sellers shall deliver to Purchaser no later than the Closing Date a security release with respect to any of the Loans that are subject to any security interest, pledge or hypothecation for the benefit of any Person, in such form as may be mutually agreeable to Purchaser, Sellers and the holder of such security interest, pledge or hypothecation.
Security Release. Purchaser shall have received a security release certification for each Related Mortgage Loan that is subject to a security interest (including any precautionary security interest) immediately prior to the Purchase Date that is duly executed by the related secured party and Seller, if necessary, and in form and substance satisfactory to Purchaser, and such secured party shall have filed Uniform Commercial Code termination statements in respect of any Uniform Commercial Code filings made in respect of such Related Mortgage Loan, if necessary, and each such release and Uniform Commercial Code termination statement has been delivered to Purchaser prior to each purchase of a Related Participation Certificate and to the Custodian as part of the Mortgage File; and
Security Release. A. Periodically, as payments are made by the Developer for the completion of portions of the Improvements, and when it is reasonably prudent, the Developer may request the City that the surety be proportionately reduced for the portion of the Municipal Improvements which have been fully completed and payment made. All such decisions shall be at the discretion of the City Council. The City’s cost for processing reduction request(s) shall be billed to the Developer. Such cost shall be paid to the City within thirty (30) days of the date of mailing of the billing.
Security Release. General securities outlined in Schedule “E” will be released upon the completion of all works, to the satisfaction of the Municipality of South Huron.
Security Release. If the Security Value shall at any time during the Security Period (as such term is defined in the Deed of Covenant) exceed one hundred and four per cent (104%) of the Security Requirement and the Borrower shall previously
