Security Release Sample Clauses

Security Release. The City may hold any required financial security until the proposed improvements or development are completed and a certificate of occupancy indicating compliance with the application approval and Building Code of the City has been issued by the City Building Official, or a certificate of completion has been issued by the City Engineer.

Security Release. 9.1 After the occurrence of all of: (a) the Secured Obligations have been unconditionally and irrevocably repaid and discharged in full and (b) the Bank having no commitment or obligation to lend any further funds to the Borrower, the Bank shall immediately re-transfer all Assets to Affimed and surrender all other financial collateral granted under this Agreement. The Bank shall, however, remain entitled to transfer any security to a third party, as long as it is legally obliged to do so, for example, if a guarantor has made payments to the Bank on behalf of Affimed. 9.2 The Bank shall be obliged – even prior to the unconditional and irrevocable repayment and discharge of all the Secured Obligations – to partially re-transfer the Assets and/or, at the Bank's discretion, to release any other collateral granted to the Bank by Affimed according to this Agreement in whole or in part if and to the extent that the realizable value of all collateral permanently exceeds 110% of the value of the Secured Obligations (plus any VAT). In case the total value of the collateral should permanently fall below the afore-mentioned threshold of 110%, Affimed shall be obliged to re-transfer such assigned Claims to the Bank or, at the Bank’s discretion, provide other collateral to the Bank which had been previously released pursuant to the provisions in this paragraph to the extent necessary to cover the deficit. Affimed shall bear any and all reasonable and proven costs incurred in connection with the re-transfer of the Assets or the release of any other collateral in accordance with this Section 8. 9.3 The realizable value of the Assets corresponds to the retail price (Verkaufspreis) which the Bank could realize in case of a potential insolvency of Affimed or – if such retail price is indeterminate – the wholesale price (Einkaufspreis) of the Assets in each case minus (i) a lump-sum deduction of 30% to cover a reduction due to a forced sale and (ii) the value of which the Assets are encumbered by any outstanding third party rights in relation to existing or potential claims asserted by landlords, stockholders, sellers and/or suppliers. In case the Parties have different views of the valuation of the assigned claims, the decision shall be made by a chartered accountant to be mutually appointed by the Parties or – if the Parties cannot agree on a person or an accounting firm – by an expert to be appointed by the Institute of Chartered Accountants in Germany (IDW), Dusseldorf. T...

Security Release. If the Security Value: (a) at any time during the period commencing on the date of this Agreement and ending on the Third Anniversary, exceeds one hundred and ten per cent (110%) of the aggregate of (i) the Loan (or the Equivalent Amount in Dollars when the Loan or part thereof is denominated in one or more Optional Currencies) and (ii) the cost (if any) (as certified by the Bank whose certificate shall in the absence of manifest error, be binding on the Borrower) of terminating any Transaction entered into pursuant to the Master Agreement; and (b) at any time after the Third Anniversary, exceeds one hundred and twenty per cent (120%) of the aggregate of (i) the Loan (or the Equivalent Amount in Dollars when the Loan or part thereof is denominated in one or more Optional Currencies) and (ii) the cost (if any) (as certified by the Bank whose certificate shall in the absence of manifest error, be binding on the Borrower) of terminating any Transaction entered into pursuant to the Master Agreement, and the Borrower shall previously have provided further security to the Bank pursuant to clause 9.2.1(b) then the Bank shall, as soon as reasonably practicable after receiving a written request from the Borrower to do so and subject to being indemnified to its satisfaction against the cost of doing so, release any such further security specified by the Borrower provided that the Bank is satisfied that, immediately following such release, the Security Value will be equal to or in excess of the Security Requirement.

Security Release if the Security Value shall at any time exceed the Security Requirement for a continuing period of at least six (6) months, and the Borrowers shall previously have provided further security for the Loan pursuant to clause 13.2.1(b), the Finance Parties shall, as soon as reasonably practicable after notice from the Borrowers to the Facility Agent to do so and subject to the Finance Parties being indemnified to their satisfaction against the cost of doing so, release any such further security specified by the Borrowers provided that the Facility Agent is satisfied that, immediately following such release, the Security Value will equal or exceed the Security Requirement.

Security Release. If the Security Value shall at any time during the Security Period (as such term is defined in the Deed of Covenant) exceeds one hundred and four per cent (104%) of the Security Requirement and the Borrower shall previously have provided further security to the Bank pursuant to clauses 9.2.1(b) or 9.2.1

Security Release. Sellers shall deliver to Purchaser no later than the Closing Date a security release with respect to any of the Loans that are subject to any security interest, pledge or hypothecation for the benefit of any Person, in such form as may be mutually agreeable to Purchaser, Sellers and the holder of such security interest, pledge or hypothecation.

Security Release. 20.1.4.1 If any Owner’s Proportionate Share is reduced to zero, Contractor will, subject to Section 20.24, return its Owner Guaranty to such Owner for cancellation within five (5) Business Days upon its receipt of one or more Owner Guaranties in substitution thereof. 20.1.4.2 If at any time an Owner that has furnished a Qualified Backup Guaranty to the Contractor (a) has closed on a Financing, the proceeds of which are sufficient (taking into account any equity contributions required by such Financing) to pay its Proportionate Share of the unpaid balance of the Compensation payable to Contractor for performance of the Work; or (b) reduces its Proportionate Share to zero in accordance with the provisions of this Section 20.1 and furnishes to Contractor the Owner Guaranties and/or Qualified Backup Guaranties required by this Section 20.1, or (c) provides to the Contractor a substitute Qualified Backup Guaranty, then, Contractor shall, subject to Section 20.24, surrender the applicable guaranty to Peabody Energy Corporation or other issuer of the Qualified Backup Guaranty for cancellation within five (5) Business Days.

Security Release each Company Securityholder, as applicable, shall provide the Purchaser with a No Interest Letter from any registered secured party authorizing the sale of the applicable Company Securities to the Purchaser free and clear of any Encumbrance;

Security Release. To provide the Campaigns, Client must provide Marketer with login or access credentials (“Credentials”) to password-protected services used by the Client, including but limited to, Client hosting services, cPanel, Social Media Accounts, Google Analytics, Google My Business and Google Adwords. Marketer requests that the Client provide unique Marketer Credentials before services commence. a. Client hereby releases, to the maximum extent allowed by law, Marketer, its officers, directors, employees, affiliates, and agents from claims, demands and damages of every kind and nature, known and unknown, suspected and unsuspected, disclosed and undisclosed, arising out of or in any way connected with Marketer access to, or a third-party hacking or intrusion of Client’s password-protected services. b. If you are a California resident, you waive California Civil Code §1542, which states: “A general release does not extend to claims which the creditor does not know or suspect to exist in his favor at the time of executing the release, which if known by him must have materially affected his settlement with the debtor.”