Partial Release of Collateral. Provided that no Default or Event of Default shall then exist, the Issuer or a Guarantor may, in connection with any Disposition of any Collateral permitted under the Secured Note Agreement, obtain the release from the Lien of the Secured Note Documents of the portion of the Collateral sold, upon the satisfaction of the conditions set forth in the Secured Note Agreement.
Appears in 4 contracts
Samples: Guaranty and Security Agreement (General Motors Co), Guaranty and Security Agreement (General Motors Co), Guaranty and Security Agreement (General Motors Co)