Conditional Release Documents definition

Conditional Release Documents means with respect to each Facilities Agreement an executed release agreement (or equivalent documents under relevant law) providing for an irrevocable and final release, conditional upon of performance of the Purchaser’s obligation pursuant to clause 2.3(b), of all Encumbrances over shares in or of or assets of a Target Company (including, but not limited to, bank accounts, loan receivables, Owned IP and accounts receivable) granted in favour of (a) the Security Agent (as defined in each Facilities Agreement) and/or any other Finance Party under (and as defined in) the Facilities Agreements in respect of the Facilities Agreements or (b) any third party in respect of any related hedging agreements;
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Examples of Conditional Release Documents in a sentence

  • Subject to Encumbrances released by the Conditional Release Documents upon Purchaser’s compliance with its obligations under paragraph (f) (iii) of Schedule 4 and the Permitted Encumbrances, each Target Company owns or is entitled to use all the Material Assets necessary to carry on its business as currently carried on.

Related to Conditional Release Documents

  • Conditional release means a revocable modification of a

  • Lease Documents has the meaning set forth in the Basic Servicing Agreement; provided that such definition shall refer only to lease documents related to Leases allocated to the 2016-A Lease SUBI.

  • Release Agreement means an agreement, substantially in a form approved by the Company, pursuant to which Executive releases all current or future claims, known or unknown, arising on or before the date of the release against the Company, its subsidiaries and its officers.

  • Environmental Releases means releases as defined in CERCLA or under any applicable state or local environmental law or regulation.

  • General Release has the meaning stated in Section 6.03.