Common use of Release of Liens Clause in Contracts

Release of Liens. (a) Subject to subsections (b) and (c) of this Section 11.04, Collateral may be released from the Lien and security interest created by the Security Documents at any time or from time to time in accordance with the provisions of the Security Documents, the Intercreditor Agreements or as provided hereby. Upon the request of the Issuer pursuant to an Officers’ Certificate and Opinion of Counsel certifying that all conditions precedent hereunder have been met, the Issuer and the Subsidiary Guarantors will be entitled to the release of assets included in the Collateral from the Liens securing the Securities, and the Collateral Agent and the Trustee (if the Trustee is not then the Collateral Agent) shall release the same from such Liens at the Issuer’s sole cost and expense, under any one or more of the following circumstances:

Appears in 7 contracts

Samples: Intercreditor Agreement (Berry Global Group, Inc.), Intercreditor Agreement (Berry Global Group, Inc.), Intercreditor Agreement (Berry Global Group, Inc.)

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Release of Liens. (a) Subject to subsections (b) and (c) of this Section 11.04, Collateral may be released from the Lien and security interest created by the Security Documents at any time or from time to time in accordance with the provisions of the Security Documents, the Intercreditor Agreements Documents or as provided hereby. Upon the request of the Issuer Issuers pursuant to an Officers’ Certificate and Opinion of Counsel certifying that all conditions precedent hereunder have been met, the Issuer Issuers and the Subsidiary Guarantors will be entitled to the a release of assets included in the Collateral from the Liens securing the Securities, and the Collateral Agent and the Trustee (if the Trustee is not then the Collateral Agent) shall release the same from such Liens at the Issuer’s Issuers’ sole cost and expense, under any one or more of the following circumstances:

Appears in 6 contracts

Samples: Agreement and Plan of Merger, Collateral Agreement (Verso Paper Holdings LLC), Collateral Agreement (NewPage Holdings Inc.)

Release of Liens. (a) Subject to subsections clauses (b) and (c) of this Section 11.0410.04, Collateral may be released from the Lien and security interest created by the Security Documents at any time or from time to time in accordance with the provisions of the Security Documents, the Intercreditor Agreements Agreement or as provided hereby. Upon the request of the Issuer pursuant to an Officers' Certificate and Opinion of Counsel certifying that all conditions precedent hereunder have been met, Parent, the Issuer and the Subsidiary Guarantors will be entitled to the release of assets included in the Collateral from the Liens securing the SecuritiesNotes, and the Collateral Second Lien Agent and the Trustee (if the Trustee is not then the Collateral Second Lien Agent) shall release the same from such Liens at the Issuer’s 's sole cost and expense, under any one or more of the following circumstances:

Appears in 4 contracts

Samples: Indenture (Swift Transportation Co Inc), Indenture (Swift Transportation Co Inc), Indenture (Swift Transportation Co Inc)

Release of Liens. (a) Subject to subsections (b) and (c) of this Section 11.04, Collateral may be released from the Lien and security interest created by the Security Documents at any time or from time to time in accordance with the provisions of the Security Documents, the Intercreditor Agreements Agreement or as provided hereby. Upon the request of the Issuer pursuant to an Officers’ Certificate and Opinion of Counsel certifying that all conditions precedent hereunder have been met, the Issuer and the Subsidiary Guarantors will be entitled to the release of assets included in the Collateral from the Liens securing the Securities, and the Collateral Agent and the Trustee (if the Trustee is not then the Collateral Agent) shall release the same from such Liens at the Issuer’s sole cost and expense, under any one or more of the following circumstances:

Appears in 2 contracts

Samples: Indenture (Berry Global Group Inc), Indenture (Berry Plastics Group Inc)

Release of Liens. (a) Subject to subsections (b) and (c) of this Section 11.04, Collateral may be released from the Lien and security interest created by the Security Documents at any time or from time to time in accordance with the provisions of the Security Documents, the Intercreditor Agreements Agreement or as provided hereby. Upon the request of the Issuer pursuant to an Officers’ Officer’s Certificate and Opinion of Counsel certifying that all conditions precedent hereunder have been met, the Issuer and the Subsidiary Guarantors will shall be entitled to the release of assets included in the Collateral from the Liens securing the Securities, and the Collateral Agent and the Trustee (if the Trustee is not then the Collateral Agent) shall release the same from such Liens at the Issuer’s sole cost and expense, under any one or more of the following circumstances:

Appears in 2 contracts

Samples: Indenture (Aeroways, LLC), Indenture (Cke Restaurants Inc)

Release of Liens. (a) Subject to subsections (b) and (c) of this Section 11.04, Collateral may be released from the Lien and security interest created by the Security Documents at any time or from time to time in accordance with the provisions of the Security Documents, the Intercreditor Agreements Agreement or as provided hereby. Upon the request of the Issuer Issuers pursuant to an Officers’ Certificate and Opinion of Counsel certifying that all conditions precedent hereunder have been met, the Issuer Issuers and the Subsidiary Guarantors will be entitled to the a release of assets included in the Collateral from the Liens securing the Securities, and the Collateral Agent and the Trustee (if the Trustee is not then the Collateral Agent) shall release the same from such Liens at the Issuer’s Issuers’ sole cost and expense, under any one or more of the following circumstances:

Appears in 2 contracts

Samples: Supplemental Indenture (Verso Paper Holdings LLC), Indenture (Verso Paper Corp.)

Release of Liens. (a) Subject to subsections (b) and (c) of this Section 11.04, Collateral may be released from the Lien and security interest created by the Security Documents at any time or from time to time in accordance with the provisions of the Security Documents, the Intercreditor Agreements Agreement or as provided hereby. Upon the request of the Issuer pursuant to an Officers’ Certificate and Opinion of Counsel certifying that all conditions precedent hereunder have been met, the Issuer and the Subsidiary Guarantors will be entitled to the release of assets included in the Collateral from the Liens securing the Securities, and the Collateral Agent and the Trustee (if the Trustee is not then the Collateral Agent) shall release the same from such Liens at the Issuer’s sole cost and expense, under any one or more of the following circumstances:

Appears in 2 contracts

Samples: Indenture (Berry Plastics Corp), Indenture (Berry Plastics Corp)

Release of Liens. (a) Subject to subsections (b) and (c) of this Section 11.04, Collateral may be released from the Lien and security interest created by the Security Documents at any time or from time to time in accordance with the provisions of the Security Documents, the Intercreditor Agreements Agreement or as provided hereby. Upon the request of the Issuer Issuers pursuant to an Officers’ Certificate and Opinion of Counsel certifying that all conditions precedent hereunder have been met, the Issuer Issuers and the Subsidiary Guarantors will be entitled to the a release of assets included in the Collateral from the Liens securing the SecuritiesNotes, and the Collateral Agent and the Trustee (if the Trustee is not then the Collateral Agent) shall release the same from such Liens at the Issuer’s Issuers’ sole cost and expense, under any one or more of the following circumstances:

Appears in 1 contract

Samples: Supplemental Indenture (Verso Sartell LLC)

Release of Liens. (a) Subject to subsections (b) and (c) of this Section 11.04, Collateral may be released from the Lien and security interest created by the Security Documents at any time or from time to time in accordance with the provisions of the Security Documents, the Intercreditor Agreements or as provided hereby. Upon the request of the Issuer pursuant to an Officers’ Certificate and Opinion of Counsel certifying that all conditions precedent hereunder have been met, the Issuer and the Subsidiary Note Guarantors will be entitled to the release of assets included in the Collateral from the Liens securing the Securities, and the Notes Collateral Agent and the Trustee (if the Trustee is not then the Notes Collateral Agent) shall release the same from such Liens at the Issuer’s sole cost and expense, under any one or more of the following circumstances:

Appears in 1 contract

Samples: Indenture (Kerr Group Inc)

Release of Liens. (axviii) Subject to subsections (b) and (c) of this Section 11.04, Collateral may be released from the Lien and security interest created by the Security Documents at any time or from time to time in accordance with the provisions of the Security Documents, the Intercreditor Agreements Agreement or as provided hereby. Upon the request of the Issuer pursuant to an Officers’ Certificate and Opinion of Counsel certifying that all conditions precedent hereunder have been met, the Issuer and the Subsidiary Guarantors will be entitled to the release of assets included in the Collateral from the Liens securing the Securities, and the Collateral Agent and the Trustee (if the Trustee is not then the Collateral Agent) shall release the same from such Liens at the Issuer’s sole cost and expense, under any one or more of the following circumstances:

Appears in 1 contract

Samples: Indenture (Berry Plastics Holding Corp)

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Release of Liens. (a) Subject to subsections subsection (b) and (c) of this Section 11.04, Collateral may be released from the Lien and security interest created by the Security Documents at any time or from time to time in accordance with the provisions of the Security Documents, the Intercreditor Agreements or as provided hereby. Upon the request of the Issuer pursuant to an Officers’ Officer’s Certificate and Opinion of Counsel certifying that all conditions precedent hereunder have been met, the Issuer and the Subsidiary Guarantors will shall be entitled to the release of assets included in the Collateral from the Liens securing the SecuritiesNotes, and the Collateral Agent and the Trustee (if the Trustee is not then the Collateral Agent) shall release the same from such Liens at the Issuer’s sole cost and expense, under any one or more of the following circumstances:

Appears in 1 contract

Samples: Intercreditor Agreement (Claires Stores Inc)

Release of Liens. (a) Subject to subsections (b) and (c) of this Section 11.0411.04 and to Section 11.05, Collateral may be released from the Securities Lien and security interest created by the Security Documents at any time or from time to time in accordance with the provisions of the Security Documents, the Intercreditor Agreements Subordination Agreement or as provided hereby. Upon the request of the Issuer pursuant to an Officers’ Officer’s Certificate and Opinion of Counsel certifying that all conditions precedent hereunder have been met, the Issuer and the Subsidiary Guarantors will be entitled to the a release of assets included in the Collateral from the Securities Liens securing the Securities, and the Collateral Agent and the Trustee (if the Trustee is not then the Collateral Agent) shall release the same from such Securities Liens at the Issuer’s sole cost and expense, under any one or more of the following circumstances:

Appears in 1 contract

Samples: Indenture (New Holding, Inc.)

Release of Liens. (a) Subject to subsections (b) and (c) of this Section 11.0411.04 and to Section 12.05 hereof, Collateral may be released from the Second Priority Lien and security interest created by the Security Documents at any time or from time to time in accordance with the provisions of the Security Documents, the Intercreditor Agreements Agreement or as provided hereby. Upon the request of the Issuer pursuant to an Officers’ Officer’s Certificate and Opinion of Counsel certifying that all conditions 41 precedent hereunder have been met, the Issuer and the Subsidiary Guarantors will be entitled to the a release of assets included in the Collateral from the Second Priority Liens securing the Securities, and the Collateral Agent and the Trustee (if the Trustee is not then the Collateral Agent) shall release the same from such Second Priority Liens at the Issuer’s sole cost and expense, under any one or more of the following circumstances:

Appears in 1 contract

Samples: Indenture (New Holding, Inc.)

Release of Liens. (a) Subject to subsections (b) and (c) of this Section 11.04, Collateral may be released from the Lien and security interest created by the Security Documents at any time or from time to time in accordance with the provisions of the Security Documents, the Secured Notes Intercreditor Agreements Agreement or as provided hereby. Upon the request of the Issuer Issuers pursuant to an Officers’ Certificate and Opinion of Counsel certifying that all conditions precedent hereunder have been met, the Issuer Issuers and the Subsidiary Guarantors will be entitled to the a release of assets included in the Collateral from the Liens securing the Securities, and the Collateral Agent and the Trustee (if the Trustee is not then the Collateral Agent) shall release the same from such Liens at the Issuer’s Issuers’ sole cost and expense, under any one or more of the following circumstances:

Appears in 1 contract

Samples: Indenture (Verso Paper Corp.)

Release of Liens. (a) Subject to subsections (b) and (c) of this Section 11.0412.04 and to Section 12.05 hereof, Collateral may be released from the Second Priority Lien and security interest created by the Security Documents at any time or from time to time in accordance with the provisions of the Security Documents, the Intercreditor Agreements Agreement or as provided hereby. Upon the request of the Issuer Company pursuant to an Officers’ Officer’s Certificate and Opinion of Counsel certifying that all conditions precedent hereunder have been met, the Issuer Company and the Subsidiary Guarantors will be entitled to the a release of assets included in the Collateral from the Second Priority Liens securing the SecuritiesNotes, and the Collateral Agent and the Trustee (if the Trustee is not then the Collateral Agent) shall release the same from such Second Priority Liens at the IssuerCompany’s sole cost and expense, under any one or more of the following circumstances:

Appears in 1 contract

Samples: Note Purchase Agreement (Moneygram International Inc)

Release of Liens. (a) Subject to subsections clauses (b) and (c) of this Section 11.0410.04, Collateral may be released from the Lien and security interest created by the Security Documents at any time or from time to time in accordance with the provisions of the Security Documents, the Intercreditor Agreements Agreement or as provided hereby. Upon the request of the Issuer Company pursuant to an Officers’ Certificate and Opinion of Counsel certifying that all conditions precedent hereunder have been met, Parent, the Issuer Company and the Subsidiary Guarantors will be entitled to the release of assets included in the Collateral from the Liens securing the SecuritiesNotes, and the Collateral Agent and the Trustee (if the Trustee is not then the Collateral Agent) shall release the same from such Liens at the IssuerCompany’s sole cost and expense, under any one or more of the following circumstances:

Appears in 1 contract

Samples: Indenture (Swift Transportation Co)

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