Authorization to Release Liens. The Administrative Agent is hereby irrevocably authorized by each of the Lenders to release any Lien covering any Property of the Borrower or any of its Subsidiaries that is the subject of a Disposition which is permitted by this Agreement or which has been consented to in accordance with Section 10.1.
Authorization to Release Liens. The Administrative Agent is hereby irrevocably authorized by each of the Lenders to release any Lien covering any Property of the Packard or any of its Subsidiaries that is the subject of a Disposition which is permitted by this Agreement or which has been consented to in accordance with Section 13.1.
Authorization to Release Liens. The Administrative Agent is hereby irrevocably authorized by each of the Lenders to release any Lien covering any Property of the Borrower or any of its Restricted Subsidiaries that is the subject of a Disposition which is permitted by this Agreement, which has been consented to in accordance with Section 10.1 or in accordance with Section 10.17. In furtherance of the foregoing and not in limitation thereof, no Hedging Agreement or Cash Management Agreement the obligations under which constitute Secured Hedging Obligations or Secured Cash Management Obligations, respectively, will create (or be deemed to create) in favor of any Secured Party that is a party thereto any rights in connection with the management or release of any Collateral or of the obligations of any Loan Party under this Agreement or any other Loan Document. By accepting the benefits of the Collateral, each Secured Party that is a party to any such Hedging Agreement or Cash Management Agreement shall be deemed to have appointed the Administrative Agent to serve as administrative agent and collateral agent under the Loan Documents and agreed to be bound by the Loan Documents as a Secured Party thereunder, subject to the limitations set forth in this Section.
Authorization to Release Liens. The Collateral Agent is hereby irrevocably authorized by each of the Lenders to release any lien covering any Collateral that is the subject of a sale or other disposition which is permitted by this Agreement or the other Loan Documents.
Authorization to Release Liens. The Administrative Agent is hereby irrevocably authorized by each of the Lenders to release any Lien covering any Property of the Borrower or any of its Subsidiaries that is the subject of a Disposition which is permitted by this Agreement or which has been consented to in accordance with Section 10.1 and to release any obligations under any Loan Document of any Person being Disposed of in such Disposition or which has been consented to in accordance with Section 10.1 or which is converted to a special purpose entity pursuant to the Additional Securitization Arrangements so long as the requirements of Section 2.7(d) are complied with in connection therewith.
Authorization to Release Liens. The Administrative --------------------------------------------- Agent is hereby irrevocably authorized by each of the Lenders to release, or direct the relevant Trustee to release, (i) any Lien created by any Security Document covering any Property of the Company or any of its Subsidiaries that is the subject of a Disposition which is permitted by this Agreement or which has been consented to in accordance with Section 15.1 and (ii) any Guarantor from its obligations under a Subsidiary Guarantee if the Capital Stock of such Guarantor has been Disposed of in a transaction permitted by this Agreement or which has been consented to in accordance with Section 15.1.
Authorization to Release Liens. Each of the Lenders party hereto hereby authorizes the Administrative Agent to execute and deliver one or more releases of Liens created under the Security Documents with respect to the Permian Properties, which releases shall be in form and substance reasonably satisfactory to the Administrative Agent.
Authorization to Release Liens. Each Lender party hereto hereby authorizes and directs the Administrative Agent to execute and deliver such collateral releases as the Administrative Agent determines with respect to Oil and Gas Properties and other assets of the Borrowers that are the subject of the El Halcon Disposition.
Authorization to Release Liens. The Agent may release any lien covering any Collateral that is the subject of a sale or other disposition upon consent of the Secured Parties holding fifty-one percent (51%) of the outstanding principal amount of the Notes. .
Authorization to Release Liens. Subject to Section 9.5, the Collateral Agent may, without further written consent or authorization from any Lender, (a) execute any documents or instruments necessary to release any Lien encumbering any item of Collateral that is the subject of a sale or other disposition of assets permitted hereby or to which the Lenders or the Administrative Agent has otherwise consented and (b) release Liens on the Collateral following termination or expiration of the Revolving Commitments and payment in full in cash of the Obligations (other than contingent indemnification obligations for which no claim, demand or notice has been made) and, if then due, Bank Product Obligations. Upon the request of the Collateral Agent, the Required Lenders will confirm in writing such Agent’s authority to release its interest in particular types or items of Collateral.
