Common use of Company Order Clause in Contracts

Company Order. A written request by the Issuer requesting release of Released Interests, such request (A) specifically describing the proposed Released Interests, (B) stating that the consideration to be received is at least equal to the Fair Market Value of the Released Interests on the date the agreement of sale was entered into ("Valuation Date"), (C) stating that either (i) the release of such Released Interests will not materially impair the value of the remaining Collateral or materially interfere with or impede Trustee's ability to realize the value of the remaining Collateral and will not materially impair the maintenance and operation of the remaining Collateral or (ii) the sale has been approved by 100% of the Issuer's Board of Directors, (D) confirming the sale of, or an agreement to sell, such Released Interests in a bona fide sale to a person that is not an Affiliate of Issuer, or in the event that such sale is to a person that is such an Affiliate, that such sale has been approved by 100% of the Issuer's Board of Directors, (E) certifying that such Permitted Asset Sale complies with the terms and conditions of this Indenture and (F) in the event that there is to be a substitution of property for the Collateral subject to the Permitted Asset Sale, specifying the property intended to be substituted for the Collateral to be disposed of;

Company Order. A written request by the Issuer requesting release of Released Interests, such request (A) specifically describing the proposed Released Interests, (B) stating that the consideration to be received is at least equal to the Fair Market Value of the Released Interests on the date the agreement of sale was is entered into ("Valuation Date"), (C) stating that either (i) the release of such Released Interests will not materially impair the value of the remaining Collateral or materially interfere with or impede Trustee's ability to realize the value of the remaining Collateral and will not materially impair the maintenance and operation of the remaining Collateral Collateral, or (ii) the sale has been approved by 100% of the Issuer's Board of Directors, (D) confirming the sale of, or an agreement to sell, such Released Interests in a bona fide sale to a person that is not an Affiliate of Issuer, or in the event that such sale is to a person that is such an Affiliate, that such sale has been approved by 100% of the Issuer's Board of Directors, (E) certifying that such Permitted Asset Sale complies with the terms and conditions of this Indenture and (F) in the event that there is to be a substitution of property for the Collateral subject to the Permitted Asset Sale, specifying the property intended to be substituted for the Collateral to be disposed of;