Common use of Dispositions of Collateral in Connection with Asset Sales Clause in Contracts

Dispositions of Collateral in Connection with Asset Sales. The Company and each of the Guarantors, as the case may be, shall be entitled to obtain a release of, and the Trustee and the Collateral Agent shall release, items of Collateral (other than Trust Monies, excluding Trust Monies constituting Net Proceeds from an Asset Sale, which Trust Monies are subject to release from the Lien of the Security Documents as provided under Article XI) (the “Released Collateral”) subject to an Asset Sale upon compliance with the conditions precedent that the Company shall have delivered to the Trustee the following:

Appears in 2 contracts

Samples: Ryerson Holding Corp, Ryerson International Material Management Services, Inc.

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Dispositions of Collateral in Connection with Asset Sales. The Company Issuer and each of the Guarantors, as the case may be, shall be entitled to obtain a release of, and the Trustee and the Collateral Agent shall release, Liens on items of Collateral securing the Note Obligations (other than Trust Monies, excluding Trust Monies constituting Net Cash Proceeds from an Asset Sale, which Trust Monies are subject to release from the Lien of the Security Documents as provided under Article XI) (the “Released Collateral”) subject to an Asset Sale upon compliance with the conditions precedent that the Company Parent shall have delivered to the Trustee the following:

Appears in 1 contract

Samples: Intercreditor Agreement (Ryerson Holding Corp)

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Dispositions of Collateral in Connection with Asset Sales. The --------------------------------------------------------- Company and each of the Subsidiary Guarantors, as the case may be, shall be entitled to obtain a release of, and the Trustee and the Collateral Agent shall release, items of Collateral (other than Trust Monies, excluding Trust Monies constituting Net Proceeds from an Asset Sale, which Trust Monies are subject to release from the Lien of the Security Collateral Documents as provided under Article XI11) (the "Released Collateral") subject to an Asset Sale upon compliance with the conditions precedent that the Company shall have delivered to the Trustee the following:

Appears in 1 contract

Samples: Indenture (Raceland Truck Plaza & Casino LLC)

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