Common use of Collateral Trustee not Required to Serve, File or Record Clause in Contracts

Collateral Trustee not Required to Serve, File or Record. The Collateral Trustee is not required to serve, file, register or record any instrument releasing or subordinating its Liens on any Collateral; provided, however, that if the Borrower or any Guarantor shall make a written demand for a termination statement under Section 9-513(c) of the UCC, the Collateral Trustee shall comply with the written request of the Borrower or such Guarantor to comply with the requirements of such UCC provision; provided, further, that the Collateral Trustee must first confirm with the Secured Debt Representatives that the requirements of such UCC provisions have been satisfied.

Collateral Trustee not Required to Serve, File or Record. The Subject to Section 3.2, the Collateral Trustee is not required to serve, file, register or record any instrument releasing or subordinating its Liens on any Collateral; provided, however, provided that if the Borrower Company or any Guarantor other Grantor shall make a written demand for a termination statement under Section 9-513(c) of the UCC, the Collateral Trustee shall comply with the written request of the Borrower Company or such Guarantor Grantor to comply with the requirements of such UCC provision; provided, further, that the Collateral Trustee must first confirm with the Secured Debt Parity Lien Representatives that the requirements of such UCC provisions have been satisfied.

Collateral Trustee not Required to Serve, File or Record. The Subject to Section 3.2, the Collateral Trustee is not required to serve, file, register or record any instrument releasing or subordinating its Liens on any Collateral; provided, however, provided that if the Borrower Company or any Guarantor other Grantor shall make a written demand for a termination statement under Section 9-513(c) of the UCC, the Collateral Trustee shall comply with the written request of the Borrower Company or such Guarantor Grantor to comply with the requirements of such UCC provisionprovision (which written request must be accompanied by an Officers’ Certificate relating to the same); provided, further, that the Collateral Trustee must first confirm with the Secured Debt Parity Lien Representatives that the requirements of such UCC provisions have been satisfied.

Collateral Trustee not Required to Serve, File or Record. The Subject to Section 3.2, the Collateral Trustee is not required to serve, file, register or record any instrument releasing or subordinating its Liens on any Collateral; provided, however, provided that if the Borrower Company or any Guarantor other Grantor shall make a written demand for a termination statement under Section 9-513(c) of the UCC, the Collateral Trustee shall comply with the written request of the Borrower Company or such Guarantor Grantor to comply with the requirements of such UCC provisionprovision (at the sole cost and expense of the Company or such Grantor and which written request must be accompanied by an Officers’ Certificate relating to the same); provided, further, that the Collateral Trustee must first confirm with the Secured Debt Parity Lien Representatives that the requirements of such UCC provisions have been satisfied.

Collateral Trustee not Required to Serve, File or Record. The Collateral Trustee is not required to serve, file, register or record any instrument releasing or subordinating its Liens on any Collateral; provided, however, that if the Borrower IGN or any Guarantor other Pledgor shall make a written demand for a termination statement under Section 9-513(c) of the UCC, the Collateral Trustee shall comply with the written request of the Borrower IGN or such Guarantor Pledgor to comply with the requirements of such UCC provision; provided, further, that the Collateral Trustee must first confirm with the Secured Debt First Lien Representatives that the requirements of such UCC provisions have been satisfied.

Collateral Trustee not Required to Serve, File or Record. The Subject to the terms of the Security Documents, the Collateral Trustee is not required to serve, file, register or record any instrument releasing or subordinating its Liens on any Collateral; provided, however, that if the Borrower Issuer, Co-Issuer or any Guarantor other Grantor shall make a written demand for a termination statement under Section 9-513(c) of the UCC, the Collateral Trustee shall comply with the written request of the Borrower such Issuer, Co-Issuer or such Guarantor Grantor to comply with the requirements of such UCC provisionprovision (at the Issuer’s cost or expense); provided, further, that the Collateral Trustee must first confirm with the Secured Debt Authorized Representatives that the requirements of such UCC provisions have been satisfied.

Collateral Trustee not Required to Serve, File or Record. The Collateral Trustee is not required to serve, file, register or record any instrument releasing or subordinating its Liens on any Collateral; provided, however, that if the Borrower or any Guarantor shall make a written demand for a termination statement under Section 9-513(c) of the UCC, the Collateral Trustee shall comply with the written request of the such Borrower or such Guarantor to comply with the requirements of such UCC provision; provided, further, that the Collateral Trustee must first confirm with the Secured Debt Pari Passu Lien Representatives that the requirements of such UCC provisions have been satisfied.

Collateral Trustee not Required to Serve, File or Record. The Collateral Trustee is not required to serve, file, register or record any instrument releasing or subordinating its Liens on any Collateral; provided, however, that if the Borrower or any Guarantor Company shall make a written demand for a termination statement under Section 9-513(c) of the UCC, the Collateral Trustee shall shall, at the expense of the Company, comply with the written request of the Borrower or such Guarantor Company to comply with the requirements of such UCC provision; provided, further, that the Collateral Trustee must has first confirm with the Secured Debt Representatives confirmed that the requirements of such UCC provisions have been satisfied.

Collateral Trustee not Required to Serve, File or Record. The Subject to Section 3.2, the Collateral Trustee is not required to serve, file, register or record any instrument releasing or subordinating its Liens on any Collateral; provided, however, provided that if the Borrower Company or any Guarantor other Grantor shall make a written demand for a termination statement under Section 9-513(c) of the UCC, the Collateral Trustee shall comply with the written request of the Borrower Company or such Guarantor Grantor to comply with the requirements of such UCC provision; provided, further, that the Collateral Trustee must first confirm with the Secured Debt Third Lien Representatives that the requirements of such UCC provisions have been satisfied.

Collateral Trustee not Required to Serve, File or Record. The Collateral Trustee is not required to serve, file, register or record any instrument releasing or subordinating its Liens on any Collateral; provided, however, that if the Borrower Company or any Guarantor other Pledgor shall make a written demand for a termination statement under Section 9-513(c) of the UCC, the Collateral Trustee shall shall, at the expense of the Company, comply with the written request of the such Borrower or such Guarantor Pledgor to comply with the requirements of such UCC provision; provided, further, that the Collateral Trustee must first confirm with the Secured Debt Representatives that the requirements of such UCC provisions have been satisfied.

Collateral Trustee not Required to Serve, File or Record. The Subject to Section 3.2, the Collateral Trustee is not required to serve, file, register or record any instrument releasing or subordinating its Liens on any Collateral; provided, however, provided that if the Borrower Company or any Guarantor other Grantor shall make a written demand for a termination statement under Section 9-513(c) of the UCC, the Collateral Trustee shall comply with the written request of the Borrower Company or such Guarantor any other Grantor to comply with the requirements of such UCC provisionprovision (which written request must be accompanied by an Officers’ Certificate relating to the same); provided, further, that the Collateral Trustee must may first confirm with the Secured Debt Parity Lien Representatives that the requirements of such UCC provisions have been satisfied.

Collateral Trustee not Required to Serve, File or Record. The Collateral Trustee is not required to prepare, serve, file, register or record any instrument releasing or subordinating its Liens on any Collateral; provided, however, that if the Borrower any Issuer or any Guarantor shall make a written demand for a termination statement under Section 9-513(c) of the UCC, the Collateral Trustee shall comply with the written request of the Borrower such Issuer or such Guarantor to comply with the requirements of such UCC provision; provided, further, that the Collateral Trustee must first confirm with the Secured Debt Representatives that the requirements of such UCC provisions have been satisfied (and the Secured Debt Representatives shall promptly provide such confirmation in the event that the requirements of such UCC provisions have been satisfied).

Collateral Trustee not Required to Serve, File or Record. The Collateral Trustee is not required to serve, file, register or record any instrument releasing or subordinating its Liens on any Collateral; provided, however, that if the Borrower Company or any Guarantor other Pledgor shall make a written demand for a termination statement under Section 9-513(c) of the UCC, the Collateral Trustee shall comply with the written request of the Borrower such Company or such Guarantor Pledgor to comply with the requirements of such UCC provision; provided, further, that the Collateral Trustee must first confirm with the applicable Secured Debt Representatives that the requirements of such UCC provisions have been satisfied.

Collateral Trustee not Required to Serve, File or Record. The Subject to Section 3.2, the Collateral Trustee is not required to serve, file, register or record any instrument releasing or subordinating its Liens on any Collateral; provided, however, provided that if the Borrower Company or any Guarantor other Grantor shall make a written demand for a termination statement under Section 9-513(c) of the UCC, the Collateral Trustee shall comply with the written request of the Borrower Company or such Guarantor any other Grantor to comply with the requirements of such UCC provision; provided, further, that the Collateral Trustee must first confirm with the Secured Debt Parity Lien Representatives that the requirements of such UCC provisions have been satisfied.

Collateral Trustee not Required to Serve, File or Record. The Collateral Trustee is not required to serve, file, register or record any instrument releasing or subordinating its Liens on any Collateral; provided, however, that if the Borrower Satmex or any Guarantor shall make a written demand for the execution, if required, of a termination statement under Section 9-513(c) of the UCC, the Collateral Trustee shall comply with the such written request of the Borrower Satmex or such Guarantor to comply with the requirements of such UCC provision; provided, further, that if the applicable Secured Debt Representative(s) have confirmed in writing to the Collateral Trustee must first confirm with the Secured Debt Representatives that the requirements of such UCC provisions have been satisfied.

Collateral Trustee not Required to Serve, File or Record. The Subject to Section 3.2, the Collateral Trustee is not required to serve, file, register or record any instrument releasing or subordinating its Liens on any Collateral; provided, however, provided that if the Borrower Company or any Guarantor other Mortgagor shall make a written demand for a termination statement under Section 9-513(c) of the UCC, the Collateral Trustee shall comply with the written request of the Borrower Company or such Guarantor Mortgagor to comply with the requirements of such UCC provisionprovision (which written request must be accompanied by an Officers’ Certificate relating to the same); provided, further, that the Collateral Trustee must first confirm with the Secured Debt Parity Lien Representatives that the requirements of such UCC provisions have been satisfied.

Collateral Trustee not Required to Serve, File or Record. The Subject to Section 3.2, the Collateral Trustee is not required to serve, file, register or record any instrument releasing or subordinating its Liens on any Collateral; provided, however, provided that if the Borrower or any Guarantor Obligor shall make a written demand for a termination statement under Section 9-513(c) of the UCC, the Collateral Trustee shall comply with the written request of the Borrower or such Guarantor Obligor to comply with the requirements of such UCC provisionprovision (which written request must be accompanied by an Officers’ Certificate relating to the same); provided, further, that the Collateral Trustee must first confirm with the Secured Debt Parity Lien Representatives that the requirements of such UCC provisions have been satisfied.