Common use of Collateral Releases Clause in Contracts

Collateral Releases. Banks hereby empower and authorize Administrative Agent to execute and deliver to Borrower on their behalf any agreements, documents or instruments as shall be necessary or appropriate to effect any releases of collateral which shall be permitted by the terms hereof or of any other Loan Paper or which shall otherwise have been approved by Required Banks (or, if required by the terms of Section 14.5, all of the Banks) in writing.

Appears in 4 contracts

Samples: Credit Agreement (Alliant Energy Corp), Credit Agreement (Delta Petroleum Corp/Co), Credit Agreement (Quest Resource Corp)

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Collateral Releases. Banks hereby empower and authorize Administrative Agent to execute and deliver to Parent and Borrower (as applicable) on their behalf any agreements, documents or instruments as shall be necessary or appropriate to effect any releases of collateral which shall be permitted by the terms hereof or of any other Loan Paper or which shall otherwise have been approved by Required Banks (or, if required by the terms of Section 14.515.5, all of the Banks) in writing.

Appears in 3 contracts

Samples: Credit Agreement (Denbury Resources Inc), Credit Agreement (Denbury Resources Inc), Credit Agreement (Denbury Resources Inc)

Collateral Releases. Banks hereby empower and authorize Administrative Agent to execute and deliver to Borrower on their behalf any agreements, documents or instruments as shall be necessary or appropriate to effect any releases of collateral which shall be permitted by the terms hereof or of any other Loan Paper or which shall otherwise have been approved by Required Banks (or, if required by the terms of Section 14.514.2, all of the Banks) in writing.

Appears in 3 contracts

Samples: Credit Agreement (GeoMet, Inc.), Credit Agreement (GeoMet, Inc.), Credit Agreement (GeoMet, Inc.)

Collateral Releases. Banks hereby empower and authorize Administrative Agent to execute and deliver to Borrower on their behalf any agreements, documents or instruments as shall be necessary or appropriate to effect any releases of collateral which shall be permitted by the terms hereof or of any other Loan Paper or which shall otherwise have been approved by Required Banks (or, if required by the terms of Section 14.515.5, all of the Banks) in writing.

Appears in 2 contracts

Samples: Credit Agreement (Patina Oil & Gas Corp), Credit Agreement (Denbury Resources Inc)

Collateral Releases. Banks hereby empower and authorize Administrative Agent to execute and deliver to Borrower Company and Pledgors on their behalf any agreements, documents or instruments as shall be necessary or appropriate to effect any releases of collateral Collateral which shall be permitted by the terms hereof or of any other Loan Paper Document or which shall otherwise have been approved by Required Banks (or, if required by the terms of Section 14.5herein, all of the Banks) in writing.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Tandycrafts Inc), Revolving Credit Agreement (Tandycrafts Inc)

Collateral Releases. Banks hereby empower and authorize Administrative Agent to execute and deliver to WPC and Borrower on their behalf any agreements, documents or instruments as shall be necessary or appropriate to effect any releases of collateral which shall be permitted by the terms hereof or of any other Loan Paper or which shall otherwise have been approved by Required Banks (or, if required by the terms of Section 14.515.5, all of the Banks) in writing.

Appears in 2 contracts

Samples: Credit Agreement (Whiting Petroleum Corp), Credit Agreement (Whiting Petroleum Corp)

Collateral Releases. Banks hereby empower and authorize Administrative Agent to execute and deliver to Borrower on their behalf any agreements, documents or instruments as shall be necessary or appropriate to effect any releases of collateral which shall be permitted by the terms hereof or of any other Loan Paper or which shall otherwise have been approved by Required Majority Banks (or, if required by the terms of Section 14.5, all of the Banks) in writing.

Appears in 1 contract

Samples: Credit Agreement (Delta Petroleum Corp/Co)

Collateral Releases. The Banks hereby empower and authorize Administrative the Agent to execute and deliver to the appropriate Borrower on their behalf of the Banks any agreements, documents or instruments as shall be necessary or appropriate to effect any releases of collateral which shall be permitted by the terms hereof or of any other Loan Paper Security Document or which shall otherwise have been approved by the Required Banks (or, if required by the terms of Section 14.5this Agreement, all of the Banks) in writing.

Appears in 1 contract

Samples: Credit Agreement (Asset Acceptance Capital Corp)

Collateral Releases. The Banks hereby empower and authorize Administrative the Agent to execute and deliver to Borrower the appropriate Borrowers and Guarantors on their behalf of the Banks any agreements, documents or instruments as shall be necessary or appropriate to effect any releases of collateral which shall be permitted by the terms hereof or of any other Loan Paper Security Document or which shall otherwise have been approved by the Required Banks (or, if required by the terms of Section 14.5this Agreement, all of the Banks) in writing.

Appears in 1 contract

Samples: Credit Agreement (Asset Acceptance Capital Corp)

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Collateral Releases. Banks hereby empower and authorize Administrative Agent to execute and deliver to Borrower on their behalf any agreements, documents or instruments as shall be necessary or appropriate to effect any releases of collateral which shall be permitted by the terms hereof or of any other Loan Paper (including, without limitation, pursuant to the terms of Section 9.5 hereof) or which shall otherwise have been approved by Required Banks (or, if required by the terms of Section 14.5, all of the Banks) in writing.

Appears in 1 contract

Samples: Credit Agreement (Par Petroleum Corp/Co)

Collateral Releases. The Banks hereby empower and authorize the Administrative Agent to execute and deliver to Borrower the Restricted Entities on their behalf of the Banks any agreements, documents or instruments as shall be necessary or appropriate to effect any releases of collateral Collateral which shall be permitted by the terms hereof or of any other Loan Paper Credit Document or which shall otherwise have been approved by Required the Majority Banks (or, if required by the terms of Section 14.5this Agreement, all of the Banks) in writing.

Appears in 1 contract

Samples: Credit Agreement (Integrated Electrical Services Inc)

Collateral Releases. Banks Each Bank and Letter of Credit Issuer hereby empower empowers and authorize authorizes Administrative Agent to execute and deliver to Borrower on their its behalf any agreements, documents or instruments as shall be necessary or appropriate to effect any releases of collateral which shall be permitted by the terms hereof or of any other Loan Paper or which shall otherwise have been approved by Required Majority Banks (or, if required by the terms of Section 14.5, all of the Banks) in writing.

Appears in 1 contract

Samples: Credit Agreement (Denbury Resources Inc)

Collateral Releases. The Banks hereby empower and authorize Administrative the Agent to execute and deliver to the Borrower on their behalf any agreements, documents or instruments as shall be necessary or appropriate to effect any releases of collateral Collateral which shall be permitted by the terms hereof or of any other Loan Paper Document or which shall otherwise have been approved by the Required Banks (or, if required by the their terms of Section 14.510.1, all of the Banks) in writing."

Appears in 1 contract

Samples: Credit Agreement (Champion Enterprises Inc)

Collateral Releases. The Banks hereby empower and authorize ------------------- the Administrative Agent to execute and deliver to the Borrower on their behalf any agreements, documents or instruments as shall be necessary or appropriate to effect any releases of collateral Collateral which shall be permitted by the terms hereof or of any other Loan Paper Credit Document or which shall otherwise have been approved by Required the Majority Banks (or, if required by the terms of Section 14.59.1, all of the ----------- Banks) in writing.

Appears in 1 contract

Samples: Credit Agreement (Varco International Inc /De/)

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