Release Collateral definition

Release Collateral has the meaning set forth in Section 2.7.

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Release Collateral shall have the meaning set forth in Section 16(d) hereof.

Release Collateral means all of the following: (i) all letters patent of the United States or any other country or political subdivision thereof, and all applications for letters patent of the United States or any other country, that are listed on Schedule E-1 attached hereto; (ii) all re-issues, continuations, divisions, continuations-in-part, renewals or extensions of the patents and applications referred to in preceding clause (i); (iii) the inventions disclosed or claimed in preceding clauses (i) and (ii), including the right to make, use, practice and/or sell (or license or otherwise transfer or dispose of) the inventions disclosed or claimed in preceding clauses (i) and (ii); (iv) the right to make and prosecute applications for the patents and applications referred to in preceding clauses (i), (ii) and (iii); and (v) Proceeds of any property described in the preceding clauses of this definition of Release Collateral.

Examples of Release Collateral in a sentence

• The provisions of this Section 10 are solely for the benefit of the Agents, the Lenders and the Issuing Lender, and neither the Borrower nor any other Loan Party shall have rights as a third party beneficiary of any such provisions, except as set forth in Section 10.10 [Authorization to Release Collateral and Guarantors].

• The provisions of this Section 10 are solely for the benefit of the Agents, the Lenders and the Issuing Lender, and neither the Borrower nor any other Loan Party shall have rights as a third party beneficiary of any of such provisions, except as set forth in Section 10.10 [Authorization to Release Collateral and Guarantors].

• Release Collateral and ----------------------------------------------------------- Liens.

• The provisions of this Section 10 are solely for the benefit of the Administrative Agent, the Syndication Agent, the Lenders and the Issuing Lender, and neither the Borrower nor any other Loan Party shall have rights as a third party beneficiary of any of such provisions, except as set forth in Section 10.10 [Authorization to Release Collateral and Guarantors; Certain Amendments].

• Upon request by the Administrative Agent at any time, the Required Lenders will confirm in writing the Administrative Agent’s authority to release or subordinate its interest in particular types or items of property, or to release any Guarantor from its obligations under this Agreement and other Loan Documents pursuant to this Section 10.10 [Authorization to Release Collateral and Guarantors].

• At least 30 days in advance of the proposed Release, Borrower shall have delivered a written notice to Lender (the “Release Notice”) describing, by address and contract number, the Release Collateral to be released.

• If any portion of the Release Collateral is subject to lien securing a loan or other credit arrangement other than the Loan from Lender or one of its Affiliates made with respect to such Release Collateral (the “Other Loan”), the Release hereunder does not release such Release Collateral from the lien securing the Other Loan, and such Release Collateral will continue to be encumbered by such lien until such lien is released in accordance with the loan documents relating to the Other Loan.

• Any prepayment fees or other fees and costs of Lender shall be due and payable in addition to the Release Price and payments of such fees and costs shall be a further condition precedent to Lender’s obligation to release any Release Collateral.

• The parties agree to execute, deliver and record or file (as appropriate) partial releases, amendments or termination statements, as appropriate, to reflect the release of the Release Collateral.

• The provisions of this Section 10 are solely for the benefit of the Agents and the Lenders, and neither the Borrower nor any other Loan Party shall have rights as a third party beneficiary of any of such provisions, except as set forth in Section 10.6 [Resignation of Agents] or Section 10.10 [Authorization to Release Collateral and Guarantors].

More Definitions of Release Collateral

Release Collateral means (i) the Pledged Interests in FCMC, (ii) certain real property interests commonly known as ▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, Unit 6, New York, New York, (iii) certain real property interests commonly known as ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇, and (iv) up to $650,000 in cash collateral held as security for a credit facility to such Affiliates extended by Huntington and HF (and subject to a second Lien and security interest in favor of the Administrative Agent). In addition, FCMC executed and delivered to the Administrative Agent a certain Limited Recourse Guaranty, dated as of March 31, 2009 (the “FCMC Limited Recourse Guaranty”); and

Release Collateral means (i) the Pledged Interests in FCMC, (ii) certain real property interests commonly known as (A) ▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, Unit 6, New York, New York, and (B) ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ (together, the “FCMC Real Property”), and (iii) up to $650,000 in cash collateral held as security for a credit facility to such Affiliates extended by Huntington and HF (and subject to a second Lien and security interest in favor of the Administrative Agent). In addition, (i) FCMC executed and delivered to the Administrative Agent a certain Limited Recourse Guaranty, dated as of March 31, 2009 (the “FCMC Limited Recourse Guaranty”), and (ii) Holding executed and delivered to the Administrative Agent a certain Limited Recourse Guaranty, dated as of March 31, 2009 (the “Holding Limited Recourse Guaranty”); and

Release Collateral has the meaning set forth in Section 1.08 of the Participation Agreement. 2626 Appendix A Proprietary & Confidential