Examples of Released Interests in a sentence
Upon compliance by the Company with the conditions in this Indenture or the Security Documents in respect of any sale, transfer or other disposition, including, without limitation, the Asset Sale provisions of Section 1(d) of the Debenture, the Trustee shall release the Released Interests from the Second Lien and reconvey the Released Interests to the Company or the grantor of the Second Lien on such property without any representations or warranties.
Upon satisfaction of the Amendment Condition (a) the Released Interests (and the Hydrocarbons produced therefrom) are hereby removed from the dedication and exclusivity obligations of the Agreement, and (b) the MRD Acquired Interests (and the Hydrocarbons produced therefrom) are hereby included within the AMI Interests.
The Parties further agree that, effective as of the release of the Released Interests, each Party is hereby fully released from any and all obligations and liabilities arising from or related to the Agreement, insofar and only insofar as such obligations and liabilities directly relate to the Released Interests.
The sole purpose of this Memorandum of Release is to give notice to third parties of the existence of the Agreement, the rights of Gatherer in and to Producer’s Gas from the Dedicated Area, and the release of the Released Interests from the dedication.
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.