SURRENDER OF CHARGED PROPERTY. The Grantor will, to the greatest extent permitted by applicable law, be deemed to have surrendered the Charged property which is in the possession of the Trustee, or of a third party on its behalf, if the Trustee has not, within the delays determined by law or by a tribunal to surrender, received written notice from the Grantor to the effect that it intends to contest the exercise of the hypothecary recourse set forth in the prior notice.
Appears in 4 contracts
Samples: SLM International Inc /De, SLM International Inc /De, SLM International Inc /De
SURRENDER OF CHARGED PROPERTY. The Grantor will, to the greatest extent permitted by applicable law, will be deemed to have surrendered the Charged property Property which is in the possession of the Trustee, or of a third party on its behalf, if the Trustee has not, within the delays determined by law or by a tribunal to surrender, received written notice from the Grantor to the effect that it intends to contest the exercise of the hypothecary recourse set forth in the prior notice.
Appears in 2 contracts
Samples: Note Purchase Agreement (BELLUS Health Inc.), Note Purchase Agreement (BELLUS Health Inc.)
SURRENDER OF CHARGED PROPERTY. The Grantor will, to the greatest extent permitted by applicable law, will be deemed to have surrendered the Charged property Property which is in the possession of the Trustee, Attorney or of a third party on its behalf, if the Trustee Attorney has not, within the delays determined by law Law or by a tribunal to surrender, received written notice from the Grantor to the effect that it intends to contest the exercise of the hypothecary recourse set forth in the prior notice.
Appears in 1 contract
Samples: Credit Agreement (Hd Supply, Inc.)
