Examples of Relevant Collateral in a sentence
Subject to any release of all or any part of the security interest created hereunder pursuant to and in accordance with Clause 10 (Release of Relevant Collateral) hereof, the Pledge shall remain in full force and effect until the Secured Obligations have been irrevocably repaid in full.
Upon successful appointment of a successor or replacement Collateral Trustee and the respective acceptance of such successor or replacement Collateral Trustee, the Collateral Trustee shall be discharged from its obligations under this Agreement, provided that the rights and obligations of the Collateral Trustee shall continue until the appointment of the successor or replacement Collateral Trustee has become effective and the Relevant Collateral has been transferred to the new Collateral Trustee.