Common use of Over-securitization Clause in Contracts

Over-securitization. Prior to the satisfaction of the Secured Obligations in full, the Pledgee shall at the request of the Pledgor release the Pledged Rights from the Share Pledge created hereunder and, as the case may be, any other security provided by the Pledgor or by third parties for the Secured Obligations, if and to the extent the total value which can be expected to be realized in the event of an enforcement of all security provided for the Secured Obligations (realisierbarer ▇▇▇▇) exceeds hundred and ten (110) per cent. of the Secured Obligations not merely temporarily.