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

Collateral Trustee not Required to Serve, File or Record. 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 that if the Company or any other Grantor shall make a written demand in the form of an Officers’ Certificate for a termination statement under Section 9-513(c) of the UCC, the Collateral Trustee shall comply with the written request of the Company or Grantor to comply with the requirements of such UCC provision as determined by the Company or Grantor.

Appears in 3 contracts

Samples: Intercreditor Agreement (CONSOL Mining Corp), Collateral Trust Agreement (Vanguard Natural Resources, Inc.), Collateral Trust Agreement (Vanguard Natural Resources, LLC)

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Collateral Trustee not Required to Serve, File or Record. Subject to Section 3.23.2 and this Article 4, the Collateral Trustee is not required to serve, file, register or record any instrument releasing or subordinating its Liens on any Collateral; provided that if the Company or any other Grantor Obligor shall make a written demand in the form of an Officers’ Certificate for a termination statement under Section 9-513(c) of the UCC, the Collateral Trustee shall comply with the written request of the Company or Grantor any Obligor to comply with the requirements of such UCC provision as determined (which written request must be accompanied by an Officers’ Certificate relating to the Company or Grantorsame).

Appears in 3 contracts

Samples: Collateral Trust Agreement (Calumet Specialty Products Partners, L.P.), Collateral Trust Agreement (Calumet Specialty Products Partners, L.P.), Collateral Trust Agreement (Calumet Specialty Products Partners, L.P.)

Collateral Trustee not Required to Serve, File or Record. 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 that if the Company or any other Grantor shall make a written demand in the form of an Officers’ Certificate for a termination statement under Section 9-513(c) of the UCC, the Collateral Trustee shall comply with the written request of the Company or Grantor to comply with the requirements of such UCC provision as determined and prepared by the Company or Grantor.

Appears in 2 contracts

Samples: Collateral Trust Agreement (Exco Resources Inc), Collateral Trust Agreement (Exco Resources Inc)

Collateral Trustee not Required to Serve, File or Record. Subject to Section 3.2, the The Collateral Trustee is not required to serve, file, register or record any instrument releasing or subordinating its Liens on any Collateral; provided provided, however, that if the Company Borrower or any other Grantor shall make a written demand in the form of an Officers’ Certificate for a termination statement under Section 9-513(c) of the UCC, the Collateral Trustee shall comply with the written request of the Company such Borrower or other Grantor to comply with the requirements of such UCC provision as determined by if the Company or GrantorCollateral Trustee has received the documents contemplated in Section 4.01.

Appears in 2 contracts

Samples: Collateral Trust Agreement (Seadrill LTD), Collateral Trust Agreement (Valaris LTD)

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Collateral Trustee not Required to Serve, File or Record. 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 that if the Company or any other Grantor shall make a written demand in the form of an Officers’ Certificate for a termination statement under Section 9-513(c) of the UCC, the Collateral Trustee shall comply with the written request of the Company or Grantor to comply with the requirements of such UCC provision as determined by the Company or Grantor.

Appears in 1 contract

Samples: Collateral Trust Agreement (Exco Resources Inc)

Collateral Trustee not Required to Serve, File or Record. Subject to Section 3.2, the The Collateral Trustee is not required to serve, file, register or record any instrument releasing or subordinating its Liens on any Collateral; provided provided, however, that if the Company Borrower or any other Grantor Pledgor shall make a written demand in the form of an Officers’ Certificate for a termination statement under Section 9-513(c) of the UCC, the Collateral Trustee shall comply with the written request of the Company such Borrower or Grantor Pledgor to comply with the requirements of such UCC provision as determined by the Company or Grantorprovision.

Appears in 1 contract

Samples: Collateral Trust Agreement (NewPage Energy Services LLC)

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