Common use of Authority to Release Collateral and Liens Clause in Contracts

Authority to Release Collateral and Liens. Each Bank and Issuing Bank hereby authorizes Administrative Agent to release any collateral that is permitted to be sold or released pursuant to the terms of the Loan Documents. Each Bank and Issuing Bank hereby authorizes Administrative Agent to execute and deliver to Borrower, at Borrower's sole cost and expense, any and all releases of Liens, termination statements, assignments or other documents reasonably requested by Borrower in connection with any sale or other disposition of Property to the extent such sale or other disposition is permitted by the terms of Section 8.02 or is otherwise authorized by the terms of the Loan Documents.

Appears in 2 contracts

Samples: Credit Agreement (Stroud Energy Inc), Credit Agreement (Stroud Energy Inc)

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Authority to Release Collateral and Liens. Each Bank Lender and the Issuing Bank hereby authorizes the Administrative Agent to release any collateral that is permitted to be sold or released pursuant to the terms of the Loan Documents. Each Bank Lender and the Issuing Bank hereby authorizes the Administrative Agent to execute and deliver to Borrowerthe Borrowers, at Borrower's the Borrowers’ sole cost and expense, any and all releases of Liens, termination statements, assignments or other documents reasonably requested by Borrower the Borrowers in connection with any sale or other disposition of Property to the extent such sale or other disposition is permitted by the terms of Section 8.02 9.11 or is otherwise authorized by the terms of the Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (Sanchez Energy Corp)

Authority to Release Collateral and Liens. Each Bank Lender and each Issuing Bank hereby authorizes the Administrative Agent to release any collateral that is permitted to be sold or released pursuant to the terms of the Loan Documents. Each Bank Lender and each Issuing Bank hereby authorizes the Administrative Agent to execute and deliver to the Borrower, at the Borrower's ’s sole cost and expense, any and all releases of Liens, termination statements, assignments or other documents reasonably requested by the Borrower in connection with any sale or other disposition of Property to the extent such sale or other disposition is permitted by the terms of Section 8.02 ‎Section 9.11 or is otherwise authorized by the terms of the Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (Magnum Hunter Resources Corp)

Authority to Release Collateral and Liens. Each Bank Lender and the Issuing Bank hereby authorizes the Administrative Agent to release any collateral Collateral that is permitted to be sold or released pursuant to the terms of the Loan Documents. Each Bank Lender and the Issuing Bank hereby authorizes the Administrative Agent to execute and deliver to the Borrower, at the Borrower's ’s sole cost and expense, any and all releases of Liens, termination statements, assignments or other documents reasonably requested by the Borrower in connection with any sale or other disposition of Property to the extent such sale or other disposition is permitted by the terms of Section 8.02 9.11 or is otherwise authorized by the terms of the Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (Sanchez Energy Corp)

Authority to Release Collateral and Liens. Each Bank Lender and each Issuing Bank hereby authorizes the Administrative Agent to release any collateral that is permitted to be sold or released pursuant to the terms of the Loan Documents. Each Bank Lender and each Issuing Bank hereby authorizes the Administrative Agent to execute and deliver to Borrowerthe Borrowers, at Borrower's the Borrowers' sole cost and expense, any and all releases of Liens, termination statements, assignments or other documents reasonably requested by Borrower the Borrowers in connection with any sale or other disposition of Property to the extent such sale or other disposition is permitted by the terms of Section 8.02 9.12 or is otherwise authorized by the terms of the Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (Ellora Energy Inc)

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Authority to Release Collateral and Liens. Each Bank and Issuing Bank Lender hereby authorizes the Administrative Agent to release any collateral that is permitted to be sold or released pursuant to the terms of the Loan Documents. Each Bank and Issuing Bank Lender hereby authorizes the Administrative Agent to execute and deliver to the Borrower, at the Borrower's ’s sole cost and expense, any and all releases of Liens, termination statements, assignments or other documents reasonably requested by the Borrower in connection with any sale or other disposition of Property to the extent such sale or other disposition is permitted by the terms of Section 8.02 9.11 or is otherwise authorized by the terms of the Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (Magnum Hunter Resources Corp)

Authority to Release Collateral and Liens. Each Bank Lender and the Issuing Bank hereby authorizes the Administrative Agent to release any collateral Collateral that is permitted to be sold or released pursuant to the terms of the Loan Documents. Each Bank Lender and the Issuing Bank hereby authorizes the Administrative Agent to execute and deliver to Borrowerthe Borrowers, at Borrower's the Borrowers’ sole cost and expense, any and all releases of Liens, termination statements, 105 assignments or other documents reasonably requested by Borrower the Borrowers in connection with any sale or other disposition of Property to the extent such sale or other disposition is permitted by the terms of Section 8.02 9.11 or is otherwise authorized by the terms of the Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (Sanchez Energy Corp)

Authority to Release Collateral and Liens. Each Bank and Issuing Bank Lender hereby authorizes the Administrative Agent to release any collateral that is permitted to be sold or released pursuant to the terms of the Intercreditor Agreement and the other Loan Documents. Each Bank and Issuing Bank Lender hereby authorizes the Administrative Agent to execute and deliver to Borrowerthe Borrowers, at Borrower's the Borrowers’ sole cost and expense, any and all releases of Liens, termination statements, assignments or other documents reasonably requested by Borrower the Borrowers in connection with any sale or other disposition of Property to the extent such sale or other disposition is permitted by the terms of Section 8.02 9.11 or is otherwise authorized by the terms of the Loan Documents.

Appears in 1 contract

Samples: Second Lien Term Credit Agreement (Sanchez Energy Corp)

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