Common use of Collateral Trustee not Required to Serve, File or Record Clause in Contracts

Collateral Trustee not Required to Serve, File or Record. Subject to Section 3.2 and this Article 4, the Collateral Trustee is not required to serve, file, register or record any instrument releasing or subordinating its Liens on any Collateral; provided that if any Obligor shall make a written demand for a termination statement under Section 9-513(c) of the UCC, the Collateral Trustee shall comply with the written request of any Obligor to comply with the requirements of such UCC provision (which written request must be accompanied by an Officers’ Certificate relating to the same).

Appears in 3 contracts

Samples: Collateral Trust Agreement (Calumet Specialty Products Partners, L.P.), Collateral Trust Agreement (Calumet Specialty Products Partners, L.P.), Collateral Trust Agreement (Calumet Specialty Products Partners, L.P.)

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Collateral Trustee not Required to Serve, File or Record. Subject to Section 3.2 and this Article 43.2, the Collateral Trustee is not required to serve, file, register or record any instrument releasing or subordinating its Liens on any Collateral; provided that if the Company or any Obligor other Grantor shall make a written demand in the form of an Officers’ Certificate for a termination statement under Section 9-513(c) of the UCC, the Collateral Trustee shall comply with the written request of any Obligor the Company or Grantor to comply with the requirements of such UCC provision (which written request must be accompanied as determined by an Officers’ Certificate relating to the same)Company or Grantor.

Appears in 3 contracts

Samples: Intercreditor Agreement (CONSOL Mining Corp), Collateral Trust Agreement (Vanguard Natural Resources, Inc.), Collateral Trust Agreement (Vanguard Natural Resources, LLC)

Collateral Trustee not Required to Serve, File or Record. Subject to Section 3.2 and this Article 43.2, the Collateral Trustee is not required to serve, file, register or record any instrument releasing or subordinating its Liens on any Collateral; provided that if the Company or any Obligor other Grantor shall make a written demand for a termination statement under Section 9-513(c) of the UCC, the Collateral Trustee shall comply with the written request of any Obligor the Company or Grantor to comply with the requirements of such UCC provision (which written request must be accompanied as determined and prepared by an Officers’ Certificate relating to the same)Company or Grantor.

Appears in 2 contracts

Samples: Collateral Trust Agreement (Exco Resources Inc), Collateral Trust Agreement (Exco Resources Inc)

Collateral Trustee not Required to Serve, File or Record. Subject to Section 3.2 and this Article 4, the The Collateral Trustee is not required to serve, file, register or record any instrument releasing or subordinating its Liens on any Collateral; provided provided, however, that if the Borrower or any Obligor other Grantor shall make a written demand for a termination statement under Section 9-513(c) of the UCC, the Collateral Trustee shall comply with the written request of any Obligor such Borrower or other Grantor to comply with the requirements of such UCC provision (which written request must be accompanied by an Officers’ Certificate relating to if the same)Collateral Trustee has received the documents contemplated in Section 4.01.

Appears in 2 contracts

Samples: Collateral Trust Agreement (Seadrill LTD), Collateral Trust Agreement (Valaris LTD)

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Collateral Trustee not Required to Serve, File or Record. Subject to Section 3.2 and this Article 43.2, the Collateral Trustee is not required to serve, file, register or record any instrument releasing or subordinating its Liens on any Collateral; provided that if the Company or any Obligor other Grantor shall make a written demand for a termination statement under Section 9-513(c) of the UCC, the Collateral Trustee shall comply with the written request of any Obligor the Company or Grantor to comply with the requirements of such UCC provision (which written request must be accompanied as determined by an Officers’ Certificate relating to the same)Company or Grantor.

Appears in 1 contract

Samples: Collateral Trust Agreement (Exco Resources Inc)

Collateral Trustee not Required to Serve, File or Record. Subject to Section 3.2 and this Article 4, the The Collateral Trustee is not required to serve, file, register or record any instrument releasing or subordinating its Liens on any Collateral; provided provided, however, that if the Borrower or any Obligor other Pledgor shall make a written demand for a termination statement under Section 9-513(c) of the UCC, the Collateral Trustee shall comply with the written request of any Obligor such Borrower or Pledgor to comply with the requirements of such UCC provision (which written request must be accompanied by an Officers’ Certificate relating to the same)provision.

Appears in 1 contract

Samples: Collateral Trust Agreement (NewPage Energy Services LLC)

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