Collateral Release definition

Collateral Release has the meaning specified in Section 7.09(a).

Collateral Release has the meaning set forth for that term in Section 2.12.

Collateral Release means (i) with respect to any Collateral owned by the Company or any Subsidiary, a release of the Liens securing the Secured Obligations on such asset or (ii) with respect to any Property that is directly owned by a Subsidiary of the Company and its Subsidiaries, the grant of any Lien on such Property that is a Permitted Lien, in each case of clause (i) and (ii), pursuant to a Release Trigger Event as a result of which such Collateral or Property, as applicable, continues to be owned by the Company or a Subsidiary.

Examples of Collateral Release in a sentence

• Other (explain): EXHIBIT FIVE ELECTRONIC RELEASE REQUEST (Excel) Collateral Release Tasks Required Field Header Description customer Value can be constant of '1018' poolnum pool number if available, can be left blank as well loanid EMC loan#, required field loc_code Codes must be mutually agreed upon with custodian.

• The Collateral Release Request shall not result in a termination of all or any part of the Credit Facility.

• At any time prior to the Collateral Release, amend or modify in any manner adverse to the Lenders (as reasonably determined by the Administrative Agent) the General and Refunding Mortgage Indenture.

• Notwithstanding such release of Collateral, the provisions of Section 6.13 hereof shall continue to apply on and after the Collateral Release Date.

• At any time prior to the Collateral Release, cause the Liens of the General and Refunding Mortgage Indenture and related security documents, upon any assets, to be released, except in connection with a disposition of such assets permitted by Section 5.02(c); provided that, within 180 days after any such release, the Borrower will either (i) dispose of such assets or (ii) subject such assets again to the Lien of the General and Refunding Mortgage Indenture.

More Definitions of Collateral Release

Collateral Release has the meaning assigned to such term in Section 9.02(e).

Collateral Release means a release of all Collateral following a Collateral Release Date.

Collateral Release means the release of the Liens granted to the Administrative Agent pursuant to the requirements of Section 6.20 and the Pledge Agreement.

Collateral Release means (i) with respect to any Collateral owned by the Company or any Subsidiary, a release of the Liens securing the Secured Obligations on such asset or (ii) with respect to any Property set forth in Category 3 or Category 4 of Annex I hereto that is directly owned by a Subsidiary of the Company and its Subsidiaries, a release of the requirement for such Properties to be subject to Section 4.06(a) or any Lien on such Property is deemed to be otherwise permitted under Section 4.06(a) as a result of a Release Trigger Event, as applicable, in each case of clause (i) and (ii), pursuant to a Release Trigger Event as a result of which such Collateral or Property, as applicable, continues to be owned by the Company or a Subsidiary.

Collateral Release means a release of all Collateral from the Liens created by the Security Agreement pursuant to Section 9.15(b).

Collateral Release has the meaning set forth in Section 11.4.

Collateral Release is defined in Section 9.10.