Common use of Authorization to Release Liens Clause in Contracts

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.

Appears in 47 contracts

Samples: Possession Credit Agreement (NBC Acquisition Corp), Credit Agreement (Nebraska Book Co), Credit Agreement (NBC Acquisition Corp)

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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.

Appears in 9 contracts

Samples: Credit Agreement (Sba Communications Corp), Credit Agreement (Sba Communications Corp), Credit Agreement (Sba Communications Corp)

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 Parent Borrower or any of its Subsidiaries that is the subject of a Disposition which is permitted by this Agreement or Agreement, which has been consented to in accordance with Section 10.110.1 or in accordance with Section 10.17.

Appears in 8 contracts

Samples: Credit Agreement (CONMED Corp), Credit Agreement (CONMED Corp), Credit Agreement (Conmed Corp)

Authorization to Release Liens. The Administrative Agent is hereby irrevocably authorized by each of the Lenders to release any Lien covering any Property of either of the Borrower Borrowers or any of its their respective 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.

Appears in 4 contracts

Samples: Credit Agreement (Regal Cinemas Corp), Credit Agreement (Regal Entertainment Group), Credit Agreement (Regal Entertainment Group)

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 10.19.1.

Appears in 3 contracts

Samples: Credit Agreement (Sba Communications Corp), Credit Agreement (Sba Communications Corp), Guarantee and Collateral Agreement (Birch Telecom Inc /Mo)

Authorization to Release Liens. The Administrative Agent is hereby irrevocably authorized by each of the Lenders to effect any release any Lien covering any Property of the Borrower or any of its Subsidiaries that is the subject of a Disposition which is permitted Liens contemplated by this Agreement or which has been consented to in accordance with Section 10.19.15.

Appears in 3 contracts

Samples: Credit Agreement (Inergy Holdings, L.P.), Credit Agreement (Weg Acquisitions Lp), Credit Agreement (Magellan Midstream Holdings Lp)

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.

Appears in 3 contracts

Samples: Credit Agreement (Nationwide Credit Inc), Credit Agreement (Nationwide Credit Inc), Credit Agreement (Alliance Laundry Holdings LLC)

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 10.112.1.

Appears in 2 contracts

Samples: Guarantee and Collateral Agreement (Grand Union Co /De/), Imperial Sugar Co /New/

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 Holdings 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.

Appears in 2 contracts

Samples: Credit Agreement (Sba Communications Corp), Credit Agreement (Sba Communications Corp)

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 Completion Guarantor, the Borrower or any of its Subsidiaries the other Loan Parties or any other Person that is the subject of a Disposition which is permitted by this Agreement or any other Loan Document or which has been consented to in accordance with Section 10.1.

Appears in 2 contracts

Samples: Credit Agreement (Wynn Resorts LTD), Credit Agreement (Wynn Las Vegas LLC)

Authorization to Release Liens. The Administrative ------------------------------ Agent is hereby irrevocably authorized by each of the Lenders to release release, or direct the applicable Trustee to release, any Lien created by any Security Document covering any Property of the Borrower 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 10.110.01. In addition, the Administrative Agent is hereby authorized by each of the Lenders to release, and to direct the applicable Trustee to release, the Liens on the Collateral on the Collateral Release Date.

Appears in 2 contracts

Samples: Federal Mogul Corp, Federal Mogul Corp

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 Borrowers or any of its their 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.

Appears in 2 contracts

Samples: Credit Agreement (Harvard Industries Inc), Credit Agreement (K&f Industries Inc)

Authorization to Release Liens. The Upon the consummation of an Asset Sale or other disposition of property permitted hereunder, 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 Administrative Agent in good faith believes to be permitted by this Agreement or which has to have been consented to in accordance with Section 10.110.1 or to be owned by any Subsidiary of the Borrower the Capital Stock of which was transferred, in any such Asset Sale, to a Person who is not an Affiliate of the Borrower.

Appears in 2 contracts

Samples: Credit Agreement (Spanish Broadcasting System Inc), Loan Agreement (Spanish Broadcasting System Inc)

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 Agreement, which has been consented to in accordance with Section 10.110.1 or in accordance with Section 10.13.

Appears in 2 contracts

Samples: Credit Agreement (Conmed Corp), Credit Agreement (Conmed Corp)

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 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 10.1.

Appears in 2 contracts

Samples: Credit Agreement (Details Inc), Credit Agreement (Details Inc)

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 the Borrower's 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.

Appears in 2 contracts

Samples: Credit Agreement (Williams Companies Inc), Credit Agreement (Williams Companies Inc)

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.

Appears in 2 contracts

Samples: Credit Agreement (Friendlys Restaurants Franchise Inc), Credit Agreement (Friendly Ice Cream Corp)

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 Agreement, which has been consented to in accordance with Section 10.110.1 or in accordance with Section 10.16.

Appears in 2 contracts

Samples: Credit Agreement (Conmed Corp), Credit Agreement (Conmed Corp)

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 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 10.112.1.

Appears in 1 contract

Samples: Agent Agreement (Exide Corp)

Authorization to Release Liens. The Administrative Agent is hereby irrevocably authorized by each of the Lenders Banks to release (a) any Lien liens and security interests covering any Property of the Borrower Borrowers or any of its their Subsidiaries that is the subject of a Disposition sale or other disposition which is permitted by this Agreement or which has been consented to in accordance with Section 10.112.1, and (b) its security interest in 15/65 of the shares of capital stock of Choxxx Xxx xxedged to it and sold to Hungnong."

Appears in 1 contract

Samples: Credit Agreement (Seminis Inc)

Authorization to Release Liens. The Administrative Agent is hereby irrevocably authorized by each of the Lenders to to, and shall, release any Lien created or arising pursuant to any Security Document covering any Property Collateral of the Borrower or any of its Subsidiaries that is the subject of a Disposition an Asset Sale or any sale of equipment which is permitted by this Agreement or which has been consented to in accordance with Section subsection 10.1."

Appears in 1 contract

Samples: CSC Parent Corp

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 Holdings 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.

Appears in 1 contract

Samples: Credit Agreement (Cpi Aerostructures Inc)

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 CPI 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.

Appears in 1 contract

Samples: Credit Agreement (Cpi Aerostructures Inc)

Authorization to Release Liens. The Administrative Agent is hereby irrevocably authorized by each of the Lenders to release any Lien covering any Property property of the Borrower or any of its Subsidiaries that is the subject of a Disposition or to release the guarantee of any Subsidiary Guarantor which is the subject of a fundamental change permitted by Section 7.4, in either case, that is permitted by this Agreement or which that has been consented to in accordance with Section 10.1.. 73 68

Appears in 1 contract

Samples: Credit Agreement (Selfix Inc /De/)

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 Parent 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.

Appears in 1 contract

Samples: Credit Agreement (International Home Foods Inc)

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 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 10.111.1.

Appears in 1 contract

Samples: Credit Agreement (Ddi Corp)

Authorization to Release Liens. The Administrative Agent is hereby irrevocably authorized by each of the Lenders to release any Lien covering any Property property of the Borrower or any of its Subsidiaries that is the subject of a Disposition or to release the guarantee of any Subsidiary Guarantor which is the subject of a fundamental change permitted by Section 7.4, in either case, that is permitted by this Agreement or which that has been consented to in accordance with Section 10.1.

Appears in 1 contract

Samples: Credit Agreement (Home Products International Inc)

Authorization to Release Liens. The Administrative Agent is hereby irrevocably authorized by each of the Lenders to release any Lien covering any Property property or assets of any Credit Party or Subsidiary thereof which has been transferred, sold, sold and leased back or otherwise disposed of as permitted under the Borrower or any terms of its Subsidiaries that is the subject of a Disposition which is permitted by this Agreement Agreement, or which has been consented to in accordance with Section 10.112.12.

Appears in 1 contract

Samples: Credit Agreement (Intertan Inc)

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Authorization to Release Liens. The Administrative Agent is hereby irrevocably authorized by each of the Lenders to release any Lien covering any Property of Holdings, 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 by the requisite Lenders in accordance with Section 10.1.

Appears in 1 contract

Samples: Credit Agreement (Osullivan Industries Holdings Inc)

Authorization to Release Liens. The Administrative Agent is hereby irrevocably authorized by each of the Lenders to release any Lien covering any Property of Holdings, the Borrower 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 10.1.

Appears in 1 contract

Samples: Credit Agreement (Grove Investors Capital Inc)

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 other Person that is the subject of a Disposition which is permitted by this Agreement or any other Loan Document or which has been consented to in accordance with Section 10.19.1.

Appears in 1 contract

Samples: Credit Agreement (Wynn Resorts LTD)

Authorization to Release Liens. The Administrative ------------------------------ Agent is hereby irrevocably authorized by each of the Lenders to release release, or direct the Trustee to release, any Lien created by any Security Document covering any Property of the Borrower 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 10.113.01. In addition, the Administrative Agent is hereby authorized by each of the Lenders to release, and to direct the Trustee to release, the Liens on the Collateral on the Collateral Release Date.

Appears in 1 contract

Samples: Credit Agreement (Federal Mogul Corp)

Authorization to Release Liens. The Administrative Agent is hereby irrevocably authorized by each of the Lenders and the Administrative Agent (a) to release any Lien covering any Property of the Borrower or any of its Subsidiaries Collateral that is sold, transferred, or otherwise disposed of in accordance with the subject terms and conditions of this Agreement (including a Disposition which is sale, transfer, or disposition permitted by this Agreement the terms of Section 4.5 or Section 8.10 hereof or which has otherwise been consented to in accordance with Section 10.113.12 hereof), and (b) release Liens on the Collateral following termination or expiration of the Commitments and payment in full in cash of the Obligations.

Appears in 1 contract

Samples: Credit Agreement (KCG Holdings, Inc.)

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 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 10.111.1.

Appears in 1 contract

Samples: Credit Agreement (Details Capital Corp)

Authorization to Release Liens. The Notwithstanding anything to the contrary contained herein or in any other Loan Document, the Administrative Agent is hereby irrevocably authorized by each of the Lenders (without requirement of notice to or consent of any Lender except as expressly required by Section 10.1) to take any action reasonably requested by the Borrowers to release any Lien covering any Property of any of the Borrower Borrowers or any of its their 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.

Appears in 1 contract

Samples: Abry Holdings Iii Inc

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 10.110.1 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 Second Securitization Arrangements so long as the requirements of Section 2.7(d) are complied with in connection therewith.

Appears in 1 contract

Samples: Credit Agreement (Sba Communications Corp)

Authorization to Release Liens. The Administrative Agent is hereby irrevocably authorized by each of the Lenders to release any Lien covering any Property property of the Borrower or any of its Subsidiaries Precision Group Members 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.

Appears in 1 contract

Samples: Security Agreement (General Automation Inc/Il)

Authorization to Release Liens. The Administrative Agent is hereby irrevocably authorized by each of the Lenders to release release, or direct the Trustee to release, any Lien created by any Security Document covering any Property of the Borrower 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 10.114.01. In addition, the Administrative Agent is hereby authorized by each of the Lenders to release, and to direct the Trustee to release, the Liens on the Collateral on the Collateral Release Date.

Appears in 1 contract

Samples: Credit Agreement (Federal Mogul Corp)

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 the Administrative Agent in good faith believes to be permitted by this Agreement or which has to have been consented to in accordance with Section 10.110.1 or to be owned by any Subsidiary of the Borrower the Capital Stock of which was transferred, in any such Disposition, to a Person who is not an Affiliate of the Borrower.

Appears in 1 contract

Samples: Credit Agreement (Spanish Broadcasting System of Puerto Rico Inc /Pr/)

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 Parent Borrower or any of its Subsidiaries that is the subject of a Disposition which is permitted by this Agreement or Agreement, which has been consented to in accordance with Section 10.110.1 or in accordance with Section 10.13.

Appears in 1 contract

Samples: Credit Agreement (Conmed Corp)

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 10.113.1.

Appears in 1 contract

Samples: Credit and Guarantee Agreement (Grand Union Co /De/)

Authorization to Release Liens. The Notwithstanding anything to the contrary contained herein or in any other Credit Document, the Administrative Agent is hereby irrevocably authorized by each of the Lenders (without requirement of notice to release or consent of any Lien covering Lender except as expressly required by Section 9.1) to take any Property of action requested by the Borrower having the effect of releasing any Collateral to the extent necessary to permit consummation of any transaction not prohibited by any Credit Document 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 10.19.1.

Appears in 1 contract

Samples: Credit Agreement (Cogentrix Energy Inc)

Authorization to Release Liens. The Notwithstanding anything to the contrary contained herein or in any other Credit Document, the Administrative Agent is hereby irrevocably authorized by each of the Lenders (without requirement of notice to release or consent of any Lien covering Lender except as expressly required by Section 10.1) to take any Property of action requested by the Borrower having the effect of releasing any Collateral to the extent necessary to permit consummation of any transaction not prohibited by any Credit Document 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 10.19.1.

Appears in 1 contract

Samples: Credit Agreement (Cogentrix Energy Inc)

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 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 10.1.

Appears in 1 contract

Samples: Credit Agreement (Ddi Capital Corp/Dynamic Details Inc)

Authorization to Release Liens. The Administrative Agent is hereby irrevocably authorized by each of the Lenders Banks to release (a) any Lien liens and security interests covering any Property of the Borrower Borrowers or any of its their Subsidiaries that is the subject of a Disposition sale or other disposition which is permitted by this Agreement or which has been consented to in accordance with Section 10.112.1, and (b) its security interest in 15% of the total issued and outstanding shares of capital stock of Choong Ang pledged to it and sold to Hungnong."

Appears in 1 contract

Samples: Seminis Inc

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