Common use of Release of Security Clause in Contracts

Release of Security. (a) If a disposal of any asset subject to security created by a Security Document is made in the following circumstances:

Appears in 24 contracts

Samples: Junior Facility Agreement (Global Ship Lease, Inc.), Assignment Agreement (Pyxis Tankers Inc.), Facility Agreement (Navios Maritime Partners L.P.)

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Release of Security. (a) If a disposal of any asset subject to security created by a Security Document is made to a person (which is and will remain) outside the Group in the following circumstances:

Appears in 6 contracts

Samples: Coface Facility Agreement (Globalstar, Inc.), Operation and Maintenance Agreement (Globalstar, Inc.), Coface Facility Agreement (Globalstar, Inc.)

Release of Security. (a) If a disposal of any asset subject to security created by a Transaction Security Document is made in the following circumstances:

Appears in 5 contracts

Samples: Agreement (GDS Holdings LTD), Agreement (GDS Holdings LTD), Facility Agreement (GDS Holdings LTD)

Release of Security. (a) If a disposal of any asset subject to security created by a any Transaction Security Document is made in the following circumstances:

Appears in 4 contracts

Samples: Facilities Agreement (StarTek, Inc.), Facilities Agreement (StarTek, Inc.), Senior Facilities Agreement (StarTek, Inc.)

Release of Security. (a) If a disposal of any asset or part of an asset (including any Property) subject to security created by a Security Document is made to a person in the following circumstances:

Appears in 3 contracts

Samples: Propco Facility Agreement (Toys R Us Inc), Uk Propco Facility Agreement (Toys R Us Inc), Propco Facility Agreement (Toys R Us Inc)

Release of Security. (a) If a disposal of any asset subject to security owned by the Borrower over which Security has been created by a the Security Document is made in the following circumstancesis:

Appears in 1 contract

Samples: Vantage Drilling CO

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Release of Security. (a) If a disposal of any asset subject to security created by a Security Document is made in the following circumstancesto a person where:

Appears in 1 contract

Samples: Intercreditor Agreement (Patheon Inc)

Release of Security. (a) If a disposal or release of any asset subject to security created by a Security Document is made in the following circumstances:

Appears in 1 contract

Samples: Assignment Agreement (Taylor Maritime Investments LTD)

Release of Security. (a) If a disposal of any asset subject to security created by a Security Document is made to a person in the following circumstances:

Appears in 1 contract

Samples: Facility Agreement (Aquaventure Holdings LLC)

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