Release of Collateral. Subject to Section 11.01 and the terms of the Basic Documents, the Indenture Trustee shall release property from the lien of this Indenture only upon receipt by it of an Issuer Request accompanied by an Officer’s Certificate, an Opinion of Counsel and Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) or an Opinion of Counsel in lieu of such Independent Certificates to the effect that the TIA does not require any such Independent Certificates.
Release of Collateral. Any release, surrender, exchange, subordination, deterioration, waste, loss or impairment (including without limitation negligent, willful, unreasonable or unjustifiable impairment) of any collateral, property or security at any time existing in connection with, or assuring or securing payment of, all or any part of the Guaranteed Obligations.
Release of Collateral. Subject to Section 11.1 and the terms of the Transaction Documents, the Indenture Trustee shall release property from the lien of this Indenture only upon receipt of an Issuer Request (which shall include delivery instructions and other relevant information) accompanied by an Issuer’s Certificate, an Opinion of Counsel and Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) or an Opinion of Counsel in lieu of such Independent Certificates to the effect that the TIA does not require any such Independent Certificates. If the Commission shall issue an exemptive order under TIA Section 304(d) modifying the Indenture Trustee’s obligations under TIA Sections 314(c) and 314(d)(1), the Indenture Trustee shall release property from the lien of this Indenture in accordance with the conditions and procedures set forth in such exemptive order.
Release of Collateral. (a) Subject to the payment of its fees and expenses pursuant to Section 6.07, the Indenture Trustee may, and when required by the provisions of this Indenture or the Sale and Servicing Agreement shall, execute instruments to release property from the lien of this Indenture, or convey the Indenture Trustee’s interest in the same, in a manner and under circumstances that are not inconsistent with the provisions of this Indenture. No party relying upon an instrument executed by the Indenture Trustee as provided in this Article shall be bound to ascertain the Indenture Trustee’s authority, inquire into the satisfaction of any conditions precedent or see to the application of any moneys.
Release of Collateral. Upon payment by a Fund, on behalf of one of its Portfolios, of any Overdraft Obligation secured by the pledge of Collateral, the Custodian shall promptly deliver to such Fund a Release Certificate pursuant to which the Custodian shall release Collateral from the lien under the applicable Pledge Certificate or Written Notice pursuant to Section 3 having a fair market value equal to the amount paid by such Fund on account of such Overdraft Obligation. In addition, if at any time a Fund shall notify the Custodian by Written Notice that such Fund desires that specified Collateral be released and: (a) that the fair market value of the Collateral securing any Overdraft Obligation shall exceed the amount of such Overdraft Obligation; or (b) that the Fund has delivered a Pledge Certificate substituting Collateral for such Overdraft Obligation, the Custodian shall deliver to such Fund, within one (1) Business Day following the Custodian's receipt of such Written Notice, a Release Certificate relating to the Collateral specified in such Written Notice.
Release of Collateral. The Indenture Trustee will release property from the Lien of this Indenture only according to Sections 8.4 and 10.1.
Release of Collateral. Subject to Sections 4.04, 8.04 and 11.01 and the terms of the Transaction Documents, the Indenture Trustee shall release property from the lien of this Indenture only upon receipt of an Issuer Request accompanied by an Officer’s Certificate.
Release of Collateral. Subject to any applicable contrary rules under Regulation G, there shall be released from this pledge a portion of the pledged Shares held by Pledgeholder hereunder upon payments of the principal of the Note. The number of the pledged Shares which shall be released shall be that number of full Shares which bears the same proportion to the initial number of Shares pledged hereunder as the payment of principal bears to the initial full principal amount of the Note.
Release of Collateral. (a) Upon satisfaction and discharge of this Indenture pursuant to Section 4.01 and otherwise as permitted by this Indenture, the Indenture Trustee shall execute instruments to release property from the lien of this Indenture, or convey the Indenture Trustee's interest in the property, in a manner and under circumstances that are not inconsistent with this Indenture. No party relying on an instrument executed by the Indenture Trustee as provided in this Section shall be bound to ascertain the Indenture Trustee's authority, inquire into the satisfaction of any conditions precedent, or see to the application of any moneys.
Release of Collateral. Provided that no Event of Default has occurred and is continuing, the Trustee, upon receipt of at least five Business Days written notice from the Company delivered in connection with a proposed sale of all or any portion of the Collateral, shall take all action necessary to release such portion of the Collateral as is proposed to be sold from the Lien created under this Agreement and deliver such Collateral to the Company free and clear of such Lien at the time and place specified by the Company in such notice, against receipt by the Trustee or the Paying Agent of (i) an amount at least equal to the lesser of (A) the Net Value on the Exchange Closing (or such later date as the asset was added to the Security Pool) of the Collateral which is to be released, (B) the Net Proceeds received by the company from the sale of such Collateral, or (C) the Net Proceeds remaining after the satisfaction of all prior and senior Liens to which such asset is subject (such lesser amount, the "Released Amount"), which amount shall be applied by the Trustee or Paying Agent to the simultaneous redemption of Securities at 100% of the principal amount thereof, plus accrued interest thereon to the Redemption Date, (ii) the consideration received from the sale of any Collateral released pursuant to this Section (less a portion of such consideration, the Fair Value of which is equal to the sum of the items described in clauses (A), (B) and (C) of the definition of Net Proceeds set forth in the indenture), or cash or cash equivalents (including Investment Grade Securities) in an amount at least equal to the Release Amount, which shall be deposited by the Trustee into the Cash Collateral Account and be Collateral subject to the Lien granted and created under this Agreement, or (iii) evidence reasonably satisfactory to the Trustee that Securities are substantially simultaneously being repurchased by the Company in the open market or in private transactions for an aggregate consideration, at least equal to the Release Amount. The Trustee agrees to deliver such documents or instruments as the Company may reasonably request in connection with the release of any Lien or delivery of any Collateral as contemplated by this Section. In the case of clause (i) above, it shall be a condition of the release of such Collateral from such Lien that the Company shall have taken all action necessary to cause the Redemption Date to occur simultaneously with such release. The Trustee shall take all ste...
