Common use of Specified Releases of Collateral Clause in Contracts

Specified Releases of Collateral. Subject to Section 14.03, the Notes Collateral Agent’s Liens on the Collateral will no longer secure the Indenture Obligations, and the right of the Holders to the benefits and proceeds of the Notes Collateral Agent’s Liens on the Collateral will terminate and be discharged, in each case, automatically and without the need for any further action by any Person:

Appears in 6 contracts

Samples: Indenture (United Rentals North America Inc), Indenture (United Rentals North America Inc), Credit Agreement (United Rentals Highway Technologies Gulf, LLC)

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Specified Releases of Collateral. Subject to Section 14.031403, the Notes Collateral Agent’s Liens on the Collateral will no longer secure the Indenture ObligationsObligations under the Notes and the Guarantees, and the right of the Holders to the benefits and proceeds of the Notes Collateral Agent’s Liens on the Collateral will terminate and be discharged, in each case, automatically and without the need for any further action by any Person:

Appears in 1 contract

Samples: Indenture (Sally Beauty Holdings, Inc.)

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