Common use of Security Release Clause in Contracts

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. If the Security Value shall at any time during the Security Period (as such term is defined in the Deed of Covenant) exceeds exceed 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 9.2.1previously