Common use of Disposition of Collateral Without Release Clause in Contracts

Disposition of Collateral Without Release. (a) Notwithstanding the provisions of Section 12.04, so long as no Event of Default shall have occurred and be continuing, the Company, the Subsidiary Guarantors and the Pledgors, as the case may be, may, without any release or consent by the Trustee:

Appears in 2 contracts

Samples: Hallandale Commercial Corp., Indenture (Up Offshore (Holdings) Ltd.)

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Disposition of Collateral Without Release. (a) Notwithstanding the provisions of Section 12.0411.4, so long as no Event of Default shall have occurred and be continuing, the Company, the Subsidiary Guarantors Company and the Pledgors, as the case may be, Guarantors may, without any release or consent by the Trustee:

Appears in 1 contract

Samples: Pledge and Security Agreement (Continental Caribbean Containers Inc)

Disposition of Collateral Without Release. (a) Notwithstanding a)Notwithstanding the provisions of Section 12.0411.04, so long as no Event of Default shall have occurred and be continuing, the Company, the Subsidiary Guarantors Company and the PledgorsGuarantors, as the case may beappropriate, may, without any release or consent by the Collateral Agent or the Trustee:

Appears in 1 contract

Samples: Indenture (International Wire Group Inc)

Disposition of Collateral Without Release. (a) Notwithstanding the provisions of Section 12.0410.4, so long as no Event of Default shall have occurred and be continuing, the CompanyCompany (and any Restricted Subsidiaries, the Subsidiary Guarantors and the Pledgors, as the case may bewith respect to any Collateral pledged by Restricted Subsidiaries), may, without any release or consent by the Collateral Agent or the Trustee:

Appears in 1 contract

Samples: Section (Toms Foods Inc)

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Disposition of Collateral Without Release. (a) Notwithstanding the provisions of Section 12.0410.05 and subject to Sections 10.07 and 13.01 below, so long as no Default or Event of Default shall have occurred and be continuingcontinuing or would result therefrom, the Company, the Company or any Subsidiary Guarantors and the Pledgors, as the case may be, may, without any prior release or consent by the Trustee:

Appears in 1 contract

Samples: Indenture (Raceland Truck Plaza & Casino LLC)

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