Common use of Collateral and Security Clause in Contracts

Collateral and Security. The Collateral Agent's Liens upon the Collateral shall no longer secure the Revolving Loan Obligations outstanding under this Agreement, and the right of the Lenders to the benefits and proceeds of the Collateral Agent's Liens on Collateral shall terminate and be discharged:

Appears in 2 contracts

Samples: Credit Agreement (Delta Energy Center, LLC), Credit Agreement (Calpine Corp)

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Collateral and Security. The Collateral Agent's Liens upon the Collateral shall no longer secure the Revolving First Priority Term Loan Obligations outstanding under this Agreement, and the right of the Lenders to the benefits and proceeds of the Collateral Agent's Liens on Collateral shall terminate and be discharged:

Appears in 2 contracts

Samples: Credit and Guarantee Agreement (Delta Energy Center, LLC), Credit and Guarantee Agreement (Calpine Corp)

Collateral and Security. The Collateral AgentTrustee's Liens upon the Collateral shall no longer secure the Revolving Term Loan Obligations outstanding under this Agreement, and the right of the Lenders to the benefits and proceeds of the Collateral AgentTrustee's Liens on Collateral shall terminate and be discharged:

Appears in 1 contract

Samples: Credit Agreement (Calpine Corp)

Collateral and Security. The Collateral Agent's Liens upon the Collateral shall no longer secure the Revolving Second Priority Term Loan Obligations outstanding under this Agreement, and the right of the Lenders to the benefits and proceeds of the Collateral Agent's Liens on Collateral shall terminate and be discharged:

Appears in 1 contract

Samples: Credit and Guarantee Agreement (Calpine Corp)

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Collateral and Security. The Collateral Agent's Liens upon the Collateral shall no longer secure the Revolving Term Loan Obligations outstanding under this Agreement, and the right of the Lenders to the benefits and proceeds of the Collateral Agent's Liens on Collateral shall terminate and be discharged:

Appears in 1 contract

Samples: Credit and Guarantee Agreement (Calpine Corp)

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