Collateral Release Period. Notwithstanding anything to the contrary contained herein, no Permitted Credit Agreement Refinancing Indebtedness that is incurred at any time a Collateral Release Period is in effect shall be permitted to be secured, except to the extent that Liens are granted on any applicable collateral to secure the Obligations, subject to any intercreditor arrangements contemplated above.
Appears in 3 contracts
Samples: Credit Agreement (Kbr, Inc.), Syndicated Facility Agreement (Kbr, Inc.), Credit Agreement (Kbr, Inc.)
Collateral Release Period. Notwithstanding anything to the contrary contained herein, no any Permitted Credit Agreement Refinancing Indebtedness that is incurred at any time incurred, assumed or existing during a Collateral Release Period is in effect shall be permitted to be securedunsecured and shall not include provisions requiring the securing of such Indebtedness except upon the occurrence of a Collateral Reinstatement Event, except to and only after (or substantially simultaneously with) the extent that grant of Liens are granted on any applicable collateral to secure securing the Obligations, and subject to any intercreditor arrangements contemplated abovean Acceptable Intercreditor Agreement.
Appears in 3 contracts
Samples: Credit Agreement (Aecom), Syndicated Facility Agreement (Aecom), Credit Agreement (Aecom)
Collateral Release Period. Notwithstanding anything to the contrary contained herein, no any Permitted Credit Agreement Refinancing Indebtedness that is incurred at any time incurred, assumed or existing during a Collateral Release Period is in effect shall be permitted to be securedunsecured and shall not include provisions requiring the securing of such Indebtedness except upon the occurrence of a Collateral Reinstatement Event, except to and only after (or substantially simultaneously with) the extent that grant of Liens are granted on any applicable collateral to secure securing the Obligations, and subject to any intercreditor arrangements contemplated above.an Acceptable Intercreditor Agreement. β
Appears in 1 contract
Samples: Credit Agreement (Aecom)