Release of Bank Guarantee Sample Clauses

Release of Bank Guarantee. Upon the expiration of the Term and the vacation of the Premises by the Lessee in accordance with the terms of this Lease, provided the Lessee is not then in default, the Council must release the Bank Guarantee to the Lessee.
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Release of Bank Guarantee. (a) The Purchaser must procure the release of the Bank Guarantee provided in favour of the Company with effect from the Completion Date, including the provision of such reasonable guarantees, support or information as is reasonably required by the bank whose agreement is required for the release of the Bank Guarantee.
Sample 1
Release of Bank Guarantee. If, after payment in full has been made to ICI India pursuant to Clause 3 of the Indian Business Transfer Agreement of the Indian Business Consideration (together with interest on it), the Purchaser requests ICI India to release the Bank Guarantee and ICI India does not within five Business Days serve a notice on the relevant bank stating that those obligations have been satisfied so that the Bank Guarantee can be cancelled, then ICI shall indemnify the Purchaser against all charges and costs incurred in maintaining the Bank Guarantee from the end of that five Business Day period to the date on which ICI India subsequently serves that notice or the Bank Guarantee is otherwise cancelled or expires. Back to Contents Part 2: Pro Forma Net Asset Statement £m UK Business ex ACMA ACMA German Business Indian Business US Business Canadian Company Total £m Fixed Assets Tangible 35.1 9.9 14.7 1.3 0.5 0.0 61.5 Intangible 7.0 0.0 0.0 0.9 0.0 0.0 7.9 Net Current Operating Assets 16.0 3.1 7.5 1.2 9.1 (0.1 ) 36.8 Acquisition Creditors 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Provisions for Liabilities and Charges (0.8 ) 0.0 (1.0 ) 0.0 (0.5 ) 0.0 (2.3 ) Total Pro Forma Net Asset Value 57.3 13.0 21.2 3.4 9.1 (0.1 ) 103.9 Terms used in this Statement are defined in accordance with the accounting principles, policies, procedures and practices used in the preparation of the Special Purpose Accounts. For the purpose of this Statement only, to the extent of any inconsistency in any term defined under this Agreement (excluding this Part 2 of Schedule 11) and the Special Purpose Accounts the definitions applied under the Special Purpose Accounts shall prevail save and except to the extent specific provision is made pursuant to Paragraph 2 (Basis of Preparation) of Part 1 (the Net Asset Statement) of this Schedule 11 (Determination and Certification of Net Asset Adjustment). Back to Contents SCHEDULE 12 DEBT
Sample 1
Release of Bank Guarantee. (a) Subject to clauses 7.4(b) and 7.4(c), upon satisfaction of the Secured Obligations, the Planning Minister or Environment Minister (as applicable) will promptly return the Bank Guarantee to the Landowner.
Sample 1
Release of Bank Guarantee. Council agrees to release 1 bank guarantee or proportionate amount of the cash bond held by Council under this Agreement to the developer on payment of each instalment of the Monetary Contribution. For clarification, Council may retain at all times bank guarantees or cash bond equivalent to the balance of the Monetary Contribution payable after deducting any instalments already paid.
Sample 1
Release of Bank Guarantee. Not less than six (6) months after the expiration of the Term and the vacation of the Premises by the Lessee in accordance with this Lease, provided the Lessee is not then in default, the Lessor must release the Bank Guarantee to the Lessee.
Sample 1

Related to Release of Bank Guarantee

  • Release of Guaranty The Note Guaranty of a Guarantor will terminate upon

  • Release of Lender Borrower hereby releases, remises, acquits and forever discharges Lender, together with its employees, agents, representatives, consultants, attorneys, fiduciaries, servants, officers, directors, partners, predecessors, successors and assigns, subsidiary corporations, parent corporations, and related corporate divisions (all of the foregoing hereinafter called the “Released Parties”), from any and all actions and causes of action, judgments, executions, suits, debts, claims, demands, liabilities, obligations, damages and expenses of any and every character, known or unknown, direct and/or indirect, at law or in equity, of whatsoever kind or nature, whether heretofore or hereafter accruing, for or because of any matter or things done, omitted or suffered to be done by any of the Released Parties prior to and including the Effective Date, and in any way directly or indirectly arising out of or in any way connected to this Agreement or any of the Loan Documents or any of the transactions associated therewith, or the Mortgaged Property, including specifically but not limited to claims of usury.

  • Release of Guarantee The Note Guarantees hereunder may be released in accordance with Section 10.2 of the Indenture.

  • Release of Guarantor A Guarantor shall be released from all of its obligations under its Guarantee if:

  • Release of a Guarantor (a) Upon (i) the sale or disposition of the Capital Stock of a Guarantor (other than the Company) by the Company in compliance with Section 4.16 or the consolidation or merger of a Guarantor with or into any Person in compliance with Article 5, in each case, (A) other than to the Company or a Restricted Subsidiary of the Company and (B) in a transaction following which the applicable Guarantor is no longer a Restricted Subsidiary or (ii) the liquidation or dissolution of any Guarantor (other than the Company) in accordance with this Indenture, such Guarantor’s Guarantee pursuant to this Article 10 shall be released, and such Guarantor shall be deemed released from all Obligations under this Indenture and the Securities without any further action required on the part of the Trustee or any Holder. Any Guarantor not so released or the entity surviving such Guarantor, as applicable, shall remain or be liable under its Guarantee as provided in this Article 10. Concurrently with the defeasance or satisfaction and discharge of the Securities under Article 8 hereof, the Guarantors shall be released from all of their obligations under this Indenture and the Securities. In addition, a Guarantor’s Guarantee will also be released and such Guarantor will also be released from all Obligations under this Indenture and the Securities (x)(1) if such Guarantor is released from any and all guarantees of Indebtedness of the Issuer and the Company and (2) if such Guarantor will remain a Subsidiary of the Company, it has no other outstanding Indebtedness other than Indebtedness which could be incurred by a Restricted Subsidiary that is not a Guarantor of the Securities on the date of the proposed release of such Guarantor’s Guarantee, (y) if the Company designates such Guarantor to be an Unrestricted Subsidiary in accordance with Section 4.03 and the definition of “Unrestricted Subsidiary” or (z) the Issuer exercises its Legal Defeasance option or Covenant Defeasance option as described in Section 8.02 or if the Issuer’s obligations under this Indenture are discharged in accordance with the terms hereof.

  • Release of Deposit If DSI does not receive Contrary Instructions from the Depositor, DSI is authorized to release the Deposit Materials to the Preferred Beneficiary or, if more than one beneficiary is registered to the deposit, to release a copy of the Deposit Materials to the Preferred Beneficiary. However, DSI is entitled to receive any fees due DSI before making the release. Any copying expense in excess of $300 will be chargeable to Preferred Beneficiary. This Agreement will terminate upon the release of the Deposit Materials held by DSI.

  • Release of Guaranties WCI shall use reasonable efforts to obtain the termination and release promptly after the Closing Date of the personal guaranties of the Shareholders listed on Schedule 6.2, all of which relate to indebtedness of the Corporation included in the Financial Statements as of the Balance Sheet Date or WCI shall indemnify the Shareholders and hold them harmless from and against all losses, expenses or claims by third parties to enforce or collect indebtedness owed by the Corporation as of the Closing Date which is personally guaranteed by the Shareholders pursuant to such guaranties. The Shareholders may notify the obligees under such guaranties that they have terminated their obligations under such guaranties. The Shareholders shall cooperate with WCI in obtaining such releases.

  • Release of Guarantees A Guarantee by a Guarantor shall be automatically and unconditionally released and discharged, and no further action by such Guarantor, the Issuer or the Trustee is required for the release of such Guarantor’s Guarantee, upon:

  • Release of Lien (a) The Issuer shall be entitled to obtain a release from the Lien of the Indenture for any Timeshare Loan purchased, repurchased or substituted under Section 4.6 hereof, (i) upon satisfaction of each of the applicable provisions of Section 4.6 hereof, (ii) in the case of any purchase or repurchase, after a payment by the Depositor of the Repurchase Price of the related Timeshare Loan, and (iii) in the case of any substitution, after payment by the Depositor of the applicable Substitution Shortfall Amounts, if any, pursuant to Section 4.6 hereof.

  • Release of Rights (1) In the event a sponsored research contractor has been offered the option to apply for the patent to an invention or other rights in an invention, the University will use its good offices in an effort to obtain the contractor's decision regarding the exercise of such rights within 120 days.

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