Common use of Release of Security Clause in Contracts

Release of Security. Subject to Section 9.4, the Agent will release and discharge (or cause to be released and discharged) at no cost to the Authority, and as soon as reasonably possible, all security in respect of each of the Material Contracts in respect of which any of Project Co’s rights or obligations thereunder are assumed, transferred or assigned by or to the Authority (or by or to a third party designated by the Authority) pursuant to a Material Project Contractor Collateral Agreement.

Release of Security. ‌ Subject to Section 9.4, the Agent will release and discharge (or cause to be released and discharged) at no cost to the Authority, and as soon as reasonably possible, all security in respect of each of the Material Contracts in respect of which any of Project Co’s rights or obligations thereunder are assumed, transferred or assigned by or to the Authority (or by or to a third party designated by the Authority) pursuant to a Material Project Contractor Collateral Agreement.

Release of Security. Subject to Section 9.4, the Collateral Agent will release and discharge (or cause to be released and discharged) at no cost to the Authority, and as soon as reasonably possible, all security in respect of each of the Material Project Contracts in respect of which any of Project Operations Co’s rights or obligations thereunder are assumed, transferred or assigned by or to the Authority (or by or to a third party designated by the Authority) pursuant to a Material Project Contractor Collateral Agreement.

Release of Security. Subject to Section 9.49.3, the Agent Indenture Trustee will release and discharge (or cause to be released and discharged) at no cost to the Authority, and as soon as reasonably possible, all security in respect of each of the Material Contracts in respect of which any of Project Co’s rights or obligations thereunder are assumed, transferred or assigned by or to the Authority (or by or to a third party designated by the Authority) pursuant to a Material Project Contractor Collateral Agreement.

Release of Security. Subject to Section 9.4, the Agent will release and discharge (or cause to be released and discharged) at no cost to the Authority, and as soon as reasonably possible, all security in respect of each of the Material Contracts in respect of which any of Project Co’s rights or obligations thereunder are assumed, transferred or assigned by or to the Authority (or by or to a third party designated by the Authority) pursuant to a Material Project Contractor Contract Party Collateral Agreement.

Release of Security. Subject to Section 9.4, the Agent will release and discharge (or cause to be released and discharged) at no cost to the AuthorityProvince, and as soon as reasonably possible, all security in respect of each of the Material Contracts in respect of which any of Project Co’s rights or obligations thereunder are assumed, transferred or assigned by or to the Authority Province (or by or to a third party designated by the AuthorityProvince) pursuant to a Material Project Contractor Contract Party Collateral Agreement.

Release of Security. Subject to Section 9.49.4 [Retention of Security for Deficiency], the Collateral Agent will release and discharge (or cause to be released and discharged) at no cost to the Authority, and as soon as reasonably possible, all security in respect of each of the Material Contracts in respect of which any of Project Co’s rights or obligations thereunder are assumed, transferred or assigned by or to the Authority (or by or to a third party designated by the Authority) pursuant to a Material Project Contractor Collateral Agreement.

Release of Security. Subject to Section 9.4, the Agent will release and discharge (or cause to be released and discharged) at no cost to the AuthorityOwner, and as soon as reasonably possible, all security in respect of each of the Material Contracts Design-Build Agreement in respect of which any of Project Co’s rights or obligations thereunder are assumed, transferred or assigned by or to the Authority Owner (or by or to a third party designated by the AuthorityOwner) pursuant to a Material Project Contractor the Design- Builder Collateral Agreement.

Release of Security. ‌ Subject to Section 9.4, the Agent will release and discharge (or cause to be released and discharged) at no cost to the Authority, and as soon as reasonably possible, all security in respect of each of the Material Contracts in respect of which any of Project Co’s rights or obligations thereunder are assumed, transferred or assigned by or to the Authority (or by or to a third party designated by the Authority) pursuant to a Material Project Contractor Contract Party Collateral Agreement.

Release of Security. Subject to Section 9.4, the Agent will release and discharge (or cause to be released and discharged) at no cost to the Authority, and as soon as reasonably possible, all security in respect of each of the Material Contracts in respect of which any of Project Co’s rights or obligations thereunder are assumed, transferred or assigned by or to the Authority (or by or to a third party designated by the Authority) pursuant to a Material Project Contractor Collateral Agreement.