Termination of Transaction Liens; Release of Collateral. (a) The Transaction Liens granted by each Guarantor shall terminate when its Secured Guarantee is released pursuant to Section 2(c).
Appears in 31 contracts
Samples: Guarantee and Pledge Agreement, Guarantee and Pledge Agreement, Credit Agreement (Energizer Holdings, Inc.)
Termination of Transaction Liens; Release of Collateral. (a) The Transaction Liens granted by each Guarantor shall terminate when its Secured Transaction Guarantee is released pursuant to Section 2(c)terminates in accordance with the Credit Agreement.
Appears in 7 contracts
Samples: Revolving Credit Security Agreement, Abl Security Agreement, Revolving Credit Security Agreement (Tower International, Inc.)
Termination of Transaction Liens; Release of Collateral. (a) The Transaction Liens granted by each Subsidiary Guarantor shall terminate when its Secured Guarantee is released pursuant to Section 2(c).
Appears in 6 contracts
Samples: Guarantee and Security Agreement (CNO Financial Group, Inc.), Guarantee and Security Agreement (CNO Financial Group, Inc.), Guarantee and Security Agreement (Conseco Inc)
Termination of Transaction Liens; Release of Collateral. (a) The Transaction Liens granted by each Guarantor shall terminate when its Secured Transaction Guarantee is released pursuant to Section 2(c)terminates in accordance with the Loan Agreement.
Appears in 3 contracts
Samples: Term Loan Security Agreement (Tower International, Inc.), First Lien Term Loan Security Agreement (Tower Automotive, LLC), First Lien Term Loan Security Agreement (Tower Automotive, LLC)
Termination of Transaction Liens; Release of Collateral. (a) The Transaction Liens granted by each Guarantor shall terminate when upon the earlier of (i) the release of its Secured Transaction Guarantee is released pursuant to Section 2(c) of the Guarantee Agreement and (ii) the satisfaction of all of the Ratings Release Conditions (subject to reinstatement as set forth in Section 5.12 of the Credit Agreement).
Appears in 2 contracts
Samples: Bermuda Pledge Agreement (Marvell Technology Group LTD), Pledge Agreement (Marvell Technology Group LTD)
Termination of Transaction Liens; Release of Collateral. (a) The Transaction Liens granted by each Guarantor (other than the Borrowers) shall terminate when its Secured Guarantee is released pursuant to Section 2(c)5 of the Guarantee Agreement.
Appears in 2 contracts
Samples: Security Agreement, Security Agreement (LyondellBasell Industries N.V.)
Termination of Transaction Liens; Release of Collateral. (a) The Transaction Liens granted by each Subsidiary Guarantor shall terminate automatically and without any action by the Agent or any other Secured Party when its Secured Guarantee is released pursuant to Section 2(c).
Appears in 2 contracts
Samples: Credit Agreement (NMI Holdings, Inc.), Guarantee and Security Agreement (NMI Holdings, Inc.)
Termination of Transaction Liens; Release of Collateral. (a) The Transaction Liens granted by each a Guarantor shall automatically terminate when its Secured Guarantee is released pursuant to Section 2(c).
Appears in 2 contracts
Samples: Credit Agreement (Kinetic Concepts Inc), Guarantee and Security Agreement (Kinetic Concepts Inc)
Termination of Transaction Liens; Release of Collateral. (a) The Transaction Liens granted by each Subsidiary Guarantor shall terminate when its Secured Guarantee is released pursuant to Section 2(c)the Indenture.
Appears in 2 contracts
Samples: Security Agreement (CNO Financial Group, Inc.), Security Agreement (CNO Financial Group, Inc.)
Termination of Transaction Liens; Release of Collateral. (a) The Transaction Liens granted by each Guarantor shall terminate when its Secured Guarantee is released pursuant to Section 2(c).
Appears in 2 contracts
Samples: Guarantee and Collateral Agreement (Advanced Disposal Services, Inc.), Guarantee and Collateral Agreement (Retrophin, Inc.)
Termination of Transaction Liens; Release of Collateral. (a) The Transaction Liens granted by each Guarantor shall terminate when its Secured Guarantee is released pursuant to Section 2(c) (it being understood that, in the case of any Person that continues to be a Borrower under the Credit Agreement following the release of its Secured Guarantee, this Section 13(a) shall not apply, and the Transaction Liens granted by such Person shall remain in effect until terminated in accordance with Section 13(b) or Section 13(c) below).
Appears in 1 contract
Termination of Transaction Liens; Release of Collateral. (a) The Transaction Liens granted by each Guarantor shall terminate when its Secured Guarantee is released pursuant to Section 2(c). 37 (NY) 07865/002/RECAPITALIZATION/AIG.Recap.GPA.doc
Appears in 1 contract
Samples: Intercompany Loan Agreement
Termination of Transaction Liens; Release of Collateral. (a) The Transaction Liens granted by each Guarantor shall terminate when its Secured Guarantee is released pursuant to Section 2(c)5 of the Guarantee Agreement.
Appears in 1 contract
Samples: Security Agreement (LyondellBasell Industries N.V.)
Termination of Transaction Liens; Release of Collateral. (a) The Transaction Liens granted by each Guarantor shall terminate when its Secured Guarantee is released pursuant to Section 2(c).. 37 (NY) 07865/002/RECAPITALIZATION/AIG Recap GPA doc
Appears in 1 contract
Samples: Master Transaction Agreement
Termination of Transaction Liens; Release of Collateral. (a) The Transaction Liens granted by each Guarantor shall automatically terminate when its Secured Facility Guarantee is released pursuant to Section 2(cthe Guarantee Agreement, including upon a “Sale of such Guarantor” (as defined therein).
Appears in 1 contract
Termination of Transaction Liens; Release of Collateral. (a) a The Transaction Liens granted by each Guarantor shall terminate when its Secured Guarantee is released pursuant to Section 2(c).
Appears in 1 contract
Termination of Transaction Liens; Release of Collateral. (a) The Transaction Liens granted by each Guarantor Lien Grantor to secure its Secured Guarantee shall terminate when its Secured Guarantee is released pursuant to Section 2(c)9.03 of the Revolver Credit Agreement or Section 9.03 of the Term Credit Agreement, as applicable.
Appears in 1 contract
Samples: Security and Pledge Agreement (Qwest Communications International Inc)
Termination of Transaction Liens; Release of Collateral. (a) The Transaction Liens granted by each Guarantor Guarantor| shall terminate when its Secured Guarantee is released pursuant to Section 2(c) (it being understood that, in the case of any Person that continues to be a Borrower under the Credit Agreement following the release of its Secured Guarantee, this Section 13(a) shall not apply, and the Transaction Liens granted by such Person shall remain in effect until terminated in accordance with Section 13(b) or Section 13(c) below).
Appears in 1 contract
Termination of Transaction Liens; Release of Collateral. (a) The Transaction Liens granted by each Guarantor shall terminate when its At the time the Secured Guarantee of a Guarantor is released pursuant to Section 2(c), (i) the Transaction Liens granted by such Guarantor automatically shall terminate and (ii) all Transaction Liens on the Equity Interests of such Guarantor automatically shall terminate.
Appears in 1 contract
Samples: Guarantee and Security Agreement (Cloud Peak Energy Inc.)
Termination of Transaction Liens; Release of Collateral. (a) The Transaction Liens granted by each Guarantor shall terminate when its Secured Guarantee is released pursuant to Section 2(c)terminates in accordance with the Credit Agreement.
Appears in 1 contract
Termination of Transaction Liens; Release of Collateral. (a) The Transaction Liens granted by each Grantor that is a Guarantor shall terminate when its Secured Guarantee is released pursuant to Section 2(c)in accordance with the Credit Agreement.
Appears in 1 contract
