Common use of Specific Releases Clause in Contracts

Specific Releases. So long as no Default or Event of Default has occurred and is continuing, if the Debtors shall sell, transfer, lease or otherwise dispose of any of the Collateral permitted by the terms of this Security Agreement, including, without limitation, Section 5(i) hereof, and the Credit Agreement, then the Secured Party shall deliver a release in respect of any Encumbrance created under this Security Agreement in such disposed Collateral that the Debtors may reasonably request.

Specific Releases. So long as no Default or Event of Default has occurred and is continuing, if the Debtors Debtor shall sell, transfer, lease or otherwise dispose of any of the Collateral permitted by the terms of this Security Agreement, including, without limitation, Section 5(i) hereof, and the Credit Agreement, then the Secured Party shall deliver a release in respect of any Encumbrance created under this Security Agreement in such disposed Collateral that the Debtors Debtor may reasonably request.

Specific Releases. So long as no Default or Event of Default has occurred and is continuing, if the Debtors Debtor shall sell, transfer, lease or otherwise dispose of any of the Collateral permitted by the terms of this Security Agreement, including, without limitation, Section 5(i) hereof, and the Credit Agreement, then the Secured Party shall deliver a release in respect of any Encumbrance Lien created under this Security Agreement in such disposed Collateral that the Debtors Debtor may reasonably request.