Examples of Initial Lien in a sentence
Any Lien created for the benefit of the Holders of the Notes pursuant to the preceding paragraph shall provide by its terms that such Lien shall be automatically and unconditionally released and discharged upon the release and discharge of the Initial Lien.
For the avoidance of doubt, for the purposes of determining whether any Initial Lien is a Permitted Lien following a Suspension Period, any Incurrence of Liens securing Indebtedness shall be tested as though Section 4.03 was in effect at such time.
Section 14.06 Term Defined in Section Initial Lien.....................................................................................................................
Any Lien so created to secure the Notes, this Indenture or a Notes Guarantee will be automatically and unconditionally released and discharged upon the release and discharge of the Initial Lien to which it relates; and (b) in the case of any property or asset that constitutes Collateral, Permitted Collateral Liens.
Any Lien created for the benefit of the Holders pursuant to this Section 4.07 shall provide by its terms that such Lien shall be automatically and unconditionally released and discharged (a) upon the re- lease and discharge of the Initial Lien other than as a consequence of an enforcement action with respect to the assets subject to such Lien; or (b) as provided in Section 11.04.