Common use of Release of Assets Clause in Contracts

Release of Assets. (a) If at any time the Issuer, the Servicer or any Noteholder has actual knowledge (or if the Trustee has received notice) that a Release Event with respect to any particular Asset has occurred, the party discovering such event shall notify the other parties.

Appears in 5 contracts

Samples: Indenture (Iconix Brand Group, Inc.), Iconix Brand Group, Inc., Indenture (Iconix Brand Group, Inc.)

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Release of Assets. (a) If at any time the Issuer, any Co-Issuer, the Servicer Manager or any Noteholder the Agent has actual knowledge (or if the Trustee has received notice) that a Release Event with respect to any particular Asset has occurred, the party discovering such event shall notify the other parties.

Appears in 1 contract

Samples: Security Agreement (NexCen Brands, Inc.)

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