Common use of Release Notice Clause in Contracts

Release Notice. A notice (each, an “Asset Sale Release Notice”), which shall (A) refer to this Section 10.03, (B) attach all the documents referred to below, (C) describe with particularity the Released Asset, (D) specify the value of such Released Asset on a date within 60 days of the Asset Sale Release Notice (the “Valuation Date”), (E) certify that the purchase price received is equal to the Fair Market Value of the released Asset as of the date of such release, (F) state that the Released Asset will not interfere with or impede the Trustee’s ability to realize the value of the remaining Collateral and will not impair the maintenance and operation of the remaining Collateral, (G) confirm the sale of, or an agreement to sell, such Released Interest in a bona fide sale to a person that is not an Affiliate of the Company or of its Subsidiaries or, in the event that such sale is to an Affiliate, confirm that such sale is being made in accordance with Section 4.11 and (H) be accompanied by a counterpart of the instruments proposed to give effect to the release fully executed and acknowledged (if applicable) by all parties thereto other than the Collateral Agent;

Appears in 1 contract

Sources: Indenture (Doe Run Resources Corp)

Release Notice. A notice (each, an “"Asset Sale Release Notice”"), which shall (A) refer to this Section 10.03, (B) attach all the documents referred to below, (C) describe with particularity the Released Asset, (D) specify the value of such Released Asset on a date within 60 days of the Asset Sale Release Notice (the “"Valuation Date”"), (E) certify that the purchase price received is equal to the Fair Market Value of the released Released Asset as of the date of such release, (F) state that the Released Asset will not interfere with or impede the Trustee’s 's ability to realize the value of the remaining Collateral and will not impair the maintenance and operation of the remaining Collateral, (G) confirm the sale of, or an agreement to sell, such Released Interest in a bona fide sale to a person Person that is not an Affiliate of the Company or of its Subsidiaries or, in the event that such sale is to an Affiliate, confirm that such sale is being made in accordance with Section 4.11 and 4.11, (H) be accompanied by a counterpart of the instruments proposed to give effect to the release fully executed and acknowledged (if applicable) by all parties thereto other than the Collateral Agent;

Appears in 1 contract

Sources: Indenture (Wci Steel Inc)

Release Notice. A notice (each, an “"Asset Sale Release Notice”"), which shall (A) refer to this Section 10.03, (B) attach all the documents referred to below, (C) describe with particularity the Released Asset, (D) specify the value of such Released Asset on a date within 60 days of the Asset Sale Release Notice (the “"Valuation Date”"), (E) certify that the purchase price received is equal to the Fair Market Value of the released Released Asset as of the date of such release, (F) state that the Released Asset will not interfere with or impede the Trustee’s 's ability to realize the value of the remaining Collateral and will not impair the maintenance and operation of the remaining Collateral, (G) confirm the sale of, or an agreement to sell, such Released Interest in a bona fide sale to a person that is not an Affiliate of the Company or of its Subsidiaries or, in the event that such sale is to an Affiliate, confirm that such sale is being made in accordance with Section 4.11 and (H) be accompanied by a counterpart of the instruments proposed to give effect to the release fully executed and acknowledged (if applicable) by all parties thereto other than the Collateral Agent;

Appears in 1 contract

Sources: Indenture (Doe Run Resources Corp)