Common use of Specified Releases of Collateral Clause in Contracts

Specified Releases of Collateral. (a) Collateral may be released from the Lien and security interest created by the Collateral Documents at any time or from time to time in accordance with the provisions of the Collateral Documents and the Intercreditor Agreement or as provided in this Indenture. Upon the request of the Company, whether prior to or after the Discharge of First Priority Claims, the Company and the Guarantors will be entitled to releases of assets included in the Collateral from the Liens securing the Obligations under the Notes and the Note Guarantees, and the Collateral Agent shall release the same from such Liens, under any one or more of the following circumstances:

Appears in 2 contracts

Samples: Intercreditor Agreement (CPM Holdings, Inc.), CPM Holdings, Inc.

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Specified Releases of Collateral. (a) Subject to Section 12.03, Collateral may be released from the Lien and security interest created by the Collateral Documents Agreements at any time or from time to time in accordance with the provisions of the Collateral Documents and the Intercreditor Agreement Agreements, or as provided in this Indenturehereby. Upon the request of the Company, whether prior Company pursuant to or after an Officers’ Certificate certifying that all conditions precedent hereunder have been met and without the Discharge consent of First Priority Claimsany Holder, the Company and the Guarantors will be entitled to releases of assets included in the Collateral from the Liens securing the Obligations obligations under the Notes and the Note Guarantees, and the Collateral Agent shall release the same from such Liens, Guarantees under any one or more of the following circumstances:

Appears in 2 contracts

Samples: Indenture (Edgen Louisiana CORP), Indenture, (Kratos Defense & Security Solutions, Inc.)

Specified Releases of Collateral. (a) Subject to Section 12.04, Collateral may be released from the Lien and security interest created by the Collateral Security Documents at any time or from time to time in accordance with the provisions of the Collateral Documents and Agreements, including the Intercreditor Agreement Agreement, or as provided in this Indenturehereby. Upon the request of the Company, whether prior Company pursuant to or after an Officers’ Certificate certifying that all conditions precedent hereunder have been met and without the Discharge consent of First Priority Claimsany Holder, the Company and the Guarantors will be entitled to releases of assets included in the Collateral from the Liens securing the Obligations obligations under the Notes and the Note Guarantees, and the Collateral Agent shall release the same from such Liens, Guarantees under any one or more of the following circumstances:

Appears in 2 contracts

Samples: Indenture, (BRPP LLC), Indenture, (Broadview Networks Holdings Inc)

Specified Releases of Collateral. (a) Subject to Section 12.04, Collateral may be released from the Lien and security interest created by the Collateral Documents Agreements at any time or from time to time in accordance with the provisions of the Collateral Documents and Agreements, the Intercreditor Agreement or as provided in this Indenturehereby. Upon the request of the Company, whether prior Company pursuant to an Officers’ Certificate certifying that all conditions precedent hereunder or after under the Discharge applicable Collateral Agreement have been met and without the consent of First Priority Claimsany Holder, the Company and the Guarantors will be entitled to releases of assets included in the Collateral from the Liens securing the Obligations obligations under the Notes and the Note Guarantees, and the Collateral Agent shall release the same from such Liens, Guarantees under any one or more of the following circumstances:

Appears in 2 contracts

Samples: McLeodUSA Holdings Inc, McLeodusa Inc

Specified Releases of Collateral. (a) Subject to Section 13.03, Collateral may be released from the Lien and security interest created by the Collateral Documents Agreements at any time or from time to time in accordance with the provisions of the Collateral Documents Agreements and the Intercreditor Agreement Agreement, or as provided in this Indenturehereby. Upon the request of the Company, whether prior Company pursuant to or after an Officers’ Certificate and an Opinion of Counsel certifying that all conditions precedent hereunder have been met and without the Discharge consent of First Priority Claimsany Holder, the Company and the Guarantors will be entitled to releases of assets included in the Collateral from the Liens securing the Obligations obligations under the Notes and the Note Guarantees, and the Collateral Agent shall release the same from such Liens, Guarantees under any one or more of the following circumstances:

Appears in 1 contract

Samples: North American (Griffiths Pile Driving Inc)

Specified Releases of Collateral. (a) Subject to Section 12.03, Collateral may be released from the Lien and security interest created by the Collateral Documents at any time or from time to time in accordance with the provisions of the Collateral Documents and the Intercreditor Agreement Documents, or as provided in this Indenturehereby. Upon the request of the Company, whether prior Company pursuant to or after an Officers’ Certificate certifying that all conditions precedent hereunder have been met and without the Discharge consent of First Priority Claimsany Holder, the Company and the Guarantors will be entitled to releases of assets included in the Collateral from the Liens securing the Obligations obligations under the Notes and the Note Guarantees, and the Collateral Agent shall release the same from such Liens, Guarantees under any one or more of the following circumstances:

Appears in 1 contract

Samples: Intercreditor Agreement (Green Field Energy Services, Inc.)

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Specified Releases of Collateral. (a) Subject to Section 12.03, Collateral may be released from the Lien and security interest created by the Collateral Security Documents at any time or from time to time in accordance with the provisions of the Collateral Documents and Agreements, including the Intercreditor Agreement Agreement, or as provided in this Indenturehereby. Upon the request of the Company, whether prior Company pursuant to or after an Officers’ Certificate certifying that all conditions precedent hereunder have been met and without the Discharge consent of First Priority Claimsany Holder, the Company and the Guarantors will be entitled to releases of assets included in the Collateral from the Liens securing the Obligations obligations under the Notes and the Note Guarantees, and the Collateral Agent shall release the same from such Liens, Guarantees under any one or more of the following circumstances:

Appears in 1 contract

Samples: Indenture, (Sand Springs Railway CO)

Specified Releases of Collateral. (a) Subject to Section 12.04, Collateral may be released from the Lien and security interest created by the Collateral Security Documents at any time or from time to time in accordance with the provisions of the Collateral Documents and Agreements, including the Intercreditor Agreement Agreement, or as provided in this Indenturehereby. Upon the request of the Company, whether prior Company pursuant to or after an Officers' Certificate certifying that all conditions precedent hereunder have been met and without the Discharge consent of First Priority Claimsany Holder, the Company and the Guarantors will be entitled to releases of assets included in the Collateral from the Liens securing the Obligations obligations under the Notes and the Note Guarantees, and the Collateral Agent shall release the same from such Liens, Guarantees under any one or more of the following circumstances:

Appears in 1 contract

Samples: Indenture (Eschelon Telecom Inc)

Specified Releases of Collateral. (a) Subject to Section 12.03, Collateral may be released from the Lien and security interest created by the Collateral Security Documents at any time or from time to time in accordance with the provisions of the Collateral Documents Agreements and the Intercreditor Agreement Agreement, or as provided in this Indenturehereby. Upon the request of the Company, whether prior Company pursuant to or after an Officers’ Certificate and an Opinion of Counsel certifying that all conditions precedent hereunder have been met and without the Discharge consent of First Priority Claimsany Holder, the Company and the Guarantors will be entitled to releases of assets included in the Collateral from the Liens securing the Obligations obligations under the Notes and the Note Guarantees, and the Collateral Agent shall release the same from such Liens, Guarantees under any one or more of the following circumstances:

Appears in 1 contract

Samples: Indenture (CitiSteel PA, Inc.)

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