Common use of Release of Liens on Collateral Clause in Contracts

Release of Liens on Collateral. (a) The Collateral Trustee’s Liens upon the Collateral will be automatically, and without the need for any consent or approval of any Secured Party or the Collateral Trustee (except as contemplated by clauses (5) and (6) below), released in any of the following circumstances:

Appears in 3 contracts

Samples: Collateral Trust Agreement (Endo International PLC), Collateral Trust Agreement (Endo International PLC), Collateral Trust Agreement (Endo International PLC)

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Release of Liens on Collateral. (a) The Collateral Trustee’s Liens upon on the Collateral will be automatically, released (automatically and without the need for any consent or approval requirement of any Secured Party or further action by the Collateral Trustee (except as contemplated by clauses (5) and (6) below), released in or any of the following circumstances:other Person):

Appears in 2 contracts

Samples: Collateral Trust Agreement (Primus Telecommunications Group Inc), Canadian Collateral Trust Agreement (Primus Telecommunications Group Inc)

Release of Liens on Collateral. (a) The Collateral Trustee’s Liens upon the Collateral will be automatically, and without the need for any consent or approval of any Secured Party or the Collateral Trustee (except as contemplated by clauses (56) and (67) below), released in any of the following circumstances:

Appears in 1 contract

Samples: Collateral Trust Agreement (Triumph Group Inc)

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Release of Liens on Collateral. (a) The Collateral Trustee’s Liens upon the Collateral will be automatically, and without the need for any consent or approval of any Secured Party or the Collateral Trustee (except as contemplated by clauses clause (5) and (63) below), released in any of the following circumstances:

Appears in 1 contract

Samples: Collateral Trust Agreement (Geo Group Inc)

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