Common use of Execution of Release by Trustee Clause in Contracts

Execution of Release by Trustee. In the event that the Company wishes the Trustee to execute a release of any Collateral from the Lien of the Collateral Documents in accordance with this Indenture and the Collateral Documents, it shall furnish the Trustee an Officers’ Certificate complying with Section 12.4(a) certifying that all conditions precedent have been met and that no consent of the Holders is required together with any documents required by Section 3.7, Section 11.8 or any other provision of this Indenture and deliver as required by this Indenture, an Opinion of Counsel to the effect that such accompanying documents constitute all the documents required by this Indenture and by Section 314(d) of the TIA or that no such documents are so required. Upon the receipt of such documents the Trustee shall execute a release of the Collateral. The Trustee, however, shall have no duty to confirm the legality or validity of such documents, its sole duty being to certify that it has received such documentation which on its face conforms to Section 314(d) of the TIA.

Execution of Release by Trustee. In the event that the Company wishes the Trustee to execute a release of any Collateral from the Lien of the Collateral Documents in accordance with this Indenture and the Collateral Documents, it shall furnish the Trustee an Officers’ Certificate complying with Section 12.4(a14.4(a) certifying that all conditions precedent have been met and that no consent of the Holders is required together with any documents required by Section 3.7, Section 11.8 13.8 or any other provision of this Indenture and deliver as required by this Indenture, an Opinion of Counsel to the effect that such accompanying documents constitute all the documents required by this Indenture and by Section 314(d) of the TIA or that no such documents are so required. Upon the receipt of such documents the Trustee shall execute a release of the Collateral. The Trustee, however, shall have no duty to confirm the legality or validity of such documents, its sole duty being to certify that it has received such documentation which on its face conforms to Section 314(d) of the TIA.