Released Interest definition
Examples of Released Interest in a sentence
Upon compliance by Issuer with the conditions precedent set forth above, Trustee shall cause to be released and reconveyed to Issuer the Released Interest without recourse by executing a release in the form provided by Issuer.
INDENTURE (15% Senior Subordinated) Upon compliance by Issuer with the conditions precedent set forth above, Trustee shall cause to be released and reconveyed to Issuer the Released Interest without recourse by executing a release in the form provided by Issuer.
Upon compliance by the Company with the conditions set forth in this paragraph (c), the Trustee will instruct the Collateral Agent to release the Released Interest from the Lien in favor of the Collateral Agent for the benefit of the Notes Secured Creditors.
In addition, so long as no Default or Event of Default exists (with respect to a Released Interest other than in connection with the immediately preceding sentence), the Collateral Agent, at the request and sole expense of any Subsidiary Guarantor, will execute and deliver to such Subsidiary Guarantor the proper instruments to effect the release of the Released Interests in compliance with Section 10.05 of the Indenture.
In addition, so long as no Default or Event of Default exists (with respect to a Released Interest other than in connection with the immediately preceding sentence), the Collateral Agent, at the request and sole expense of the Company, will execute and deliver to the Company the proper instruments to effect the release of the Released Interests in compliance with Section 10.05 of the Indenture.
Upon request by the Company and compliance by the Company with the conditions set forth in this paragraph (c), the Trustee will instruct the Collateral Agent to release the Released Interest identified by the Company from the Lien in favor of the Collateral Agent for the benefit of the Notes Secured Creditors.
In addition, so long as no Default or Event of Default is continuing (with respect to a Released Interest other than in connection with the immediately preceding sentence), the Collateral Agent, at the request and sole expense of the Company, will execute and deliver to the Company the proper instruments to effect the release of the Released Interests in compliance with Section 12.4 of the Indenture.