EIP Assets definition
Examples of EIP Assets in a sentence
In connection with the release of the Lien on the EIP Assets contemplated above in the foregoing sentence, the Administrative Agent and the Lenders hereby authorize Parent and ▇▇▇▇▇ to file financing statements, termination statements (Form UCC-3) and any other relevant filings necessary to evidence the release of such Lien and other rights of the Administrative Agent and the Lenders previously granted by Parent and ▇▇▇▇▇, as applicable, in the EIP Assets.
Upon the sale of the EIP Assets under the EIP Transaction Documents, the Lien previously granted under the Security Documents to the Administrative Agent with respect to the EIP Assets shall be automatically and unconditionally released and all of the Administrative Agent’s and Lenders’ right, title and interest in, to and under the EIP Assets acquired or arising pursuant to such Lien shall be automatically and without further action terminated.