Common use of Collateral Release Period Clause in Contracts

Collateral Release Period. Notwithstanding anything to the contrary contained herein, no Permitted Credit Agreement Refinancing Indebtedness that is incurred at any time a Collateral Release Period is in effect shall be permitted to be secured, except to the extent that Liens are granted on any applicable collateral to secure the Obligations, subject to any intercreditor arrangements contemplated above.

Collateral Release Period. Notwithstanding anything to the contrary contained herein, no any Permitted Credit Agreement Refinancing Indebtedness that is incurred at any time incurred, assumed or existing during a Collateral Release Period is in effect shall be permitted to be securedunsecured and shall not include provisions requiring the securing of such Indebtedness except upon the occurrence of a Collateral Reinstatement Event, except to and only after (or substantially simultaneously with) the extent that grant of Liens are granted on any applicable collateral to secure securing the Obligations, and subject to any intercreditor arrangements contemplated abovean Acceptable Intercreditor Agreement.

Collateral Release Period. Notwithstanding anything to the contrary contained herein, no any Permitted Credit Agreement Refinancing Indebtedness that is incurred at any time incurred, assumed or existing during a Collateral Release Period is in effect shall be permitted to be securedunsecured and shall not include provisions requiring the securing of such Indebtedness except upon the occurrence of a Collateral Reinstatement Event, except to and only after (or substantially simultaneously with) the extent that grant of Liens are granted on any applicable collateral to secure securing the Obligations, and subject to any intercreditor arrangements contemplated above.an Acceptable Intercreditor Agreement. ​