Common use of After full satisfaction Clause in Contracts

After full satisfaction. (a) The Parties are aware that the Pledges are accessory rights and as such will expire automatically by operation of law once the Secured Obligations have been irrevocably repaid in full. (b) After the Secured Obligations having been irrevocably satisfied in full, the Security Trustee shall, at the request of the Issuer, arrange for the execution and delivery to the Issuer of a written acknowledgement of satisfaction of the Secured Obligations and termination of this Agreement (other than any indemnity referred to herein which shall survive such termination) and stating that the Pledges are released. This shall not apply to the extent that a third party is legally entitled to the Pledges (or any part thereof). The Issuer shall reimburse the Security Trustee for all reasonable out-of-pocket expenses (including legal fees), if any, incurred in connection with the acknowledgement referred to above. (c) The Cryptocurrency Security shall be released and relevant agreements terminated in accordance with relevant Cryptocurrency Security Documents.

Appears in 10 contracts

Sources: Security and Security Trust Agreement, Security and Security Trust Agreement, Security and Security Trust Agreement

After full satisfaction. (a) The Parties are aware that the Pledges are accessory rights and as such will expire automatically by operation of law once the Secured Obligations have been irrevocably repaid in full. (b) After the Secured Obligations having been irrevocably satisfied in full, the Security Collateral Trustee shall, at the request of the Issuer, arrange for the execution and delivery to the Issuer of a written acknowledgement of satisfaction of the Secured Obligations and termination of this Agreement (other than any indemnity referred to herein which shall survive such termination) and stating that the Pledges are released. This shall not apply to the extent that a third party is legally entitled to the Pledges (or any part thereof). The Issuer shall reimburse the Security Collateral Trustee for all reasonable out-of-pocket expenses (including legal fees), if any, incurred in connection with the acknowledgement referred to above. (c) The Cryptocurrency Security Crypto-Asset Collateral shall be released and relevant agreements terminated in accordance with relevant Cryptocurrency Security Crypto-Asset Collateral Documents.

Appears in 5 contracts

Sources: Collateral Trust Agreement, Collateral Trust Agreement, Collateral Trust Agreement

After full satisfaction. (a) The Parties are aware that the Pledges are accessory rights and as such will expire automatically by operation of law once the Secured Obligations have been irrevocably repaid in full. (b) After the Secured Obligations having been irrevocably satisfied in full, the Security Trustee shall, at the request of the Issuer, arrange for the execution and delivery to the Issuer of a written acknowledgement of satisfaction of the Secured Obligations and termination of this Agreement (other than any indemnity referred to herein which shall survive such termination) and stating that the Pledges are released. This shall not apply to the extent that a third party is legally entitled to the Pledges (or any part thereof). The Issuer shall reimburse the Security Trustee for all reasonable out-of-pocket expenses (including legal fees), if any, incurred in connection with the acknowledgement referred to above. (c) The Cryptocurrency BTC Security shall be released and relevant agreements terminated in accordance with relevant Cryptocurrency BTC Security Documents.

Appears in 1 contract

Sources: Security Agreement

After full satisfaction. (a) The Parties are aware that the Pledges Security Interests are accessory rights and as such will expire automatically by operation of law once the Secured Obligations have been irrevocably repaid in full. (b) After the Secured Obligations having been irrevocably satisfied in full, the Security Trustee shall, at the request of the Issuer, arrange for the execution and delivery to the Issuer of a written acknowledgement of satisfaction of the Secured Obligations and termination of this Agreement (other than any indemnity referred to herein which shall survive such termination) and stating which states that the Pledges Security Interests are released. This shall not apply to the extent that a third party is legally entitled to the Pledges Security Assets (or any part thereof). The Issuer shall reimburse the Security Trustee for all reasonable out-of-pocket expenses (including legal fees), if any, incurred in connection with the acknowledgement referred to above. (c) The Cryptocurrency Security shall be released and relevant agreements terminated in accordance with relevant Cryptocurrency Security Documents.

Appears in 1 contract

Sources: Security Trust Agreement