Common use of Form and Sufficiency of Release Clause in Contracts

Form and Sufficiency of Release. In the event that the Company or any of its Subsidiaries have sold, exchanged or otherwise disposed of or proposes to sell, exchange or otherwise dispose of any portion of the Collateral that under the provisions of Section 12.5 or 12.6 may be sold, exchanged or otherwise disposed of by the Company or its Subsidiary, and the Company or its Subsidiary requests the Trustee to furnish a written disclaimer, release or quit-claim of any interest in such property under this Indenture and the Security Documents, the Trustee, in its capacity as Collateral Agent under the Security Documents, shall execute, acknowledge and deliver to the Company or its Subsidiary (in proper and recordable form) such an instrument promptly after satisfaction of the conditions set forth herein for delivery of any such release. Notwithstanding the preceding sentence, all purchasers and grantees of any property or rights purporting to be released herefrom shall be entitled to rely upon any release executed by the Trustee hereunder as sufficient for the purpose of this Indenture and as constituting a good and valid release of the property therein described from the Lien of this Indenture or of the Security Documents.

Form and Sufficiency of Release. In the event that the Company or any of its Subsidiaries have has sold, exchanged exchanged, or otherwise disposed of or proposes to sell, exchange or otherwise dispose of any portion of the Collateral that which under the provisions of Section 12.5 or 12.6 Sections 10.3 and 10.5 may be sold, exchanged or otherwise disposed of by the Company or its SubsidiaryCompany, and the Company or its Subsidiary requests the Trustee or the Collateral Agent to furnish a written disclaimer, release or quit-claim quitclaim of any interest in such property under this Indenture and any of the Security Documents, the Trustee, in its capacity as Collateral Agent under shall promptly execute (or, if so requested by the Security DocumentsCompany, shall promptly instruct the Trustee to execute, acknowledge and deliver to the Company or its Subsidiary (in proper and recordable form) such an instrument promptly after satisfaction of the conditions set forth herein for delivery of any such release. Notwithstanding the preceding sentence, all purchasers and grantees of any property or rights purporting to be released herefrom shall be entitled to rely upon any release executed by the Trustee hereunder as sufficient for the purpose purposes of this Indenture and as constituting a good and valid release of the property therein described from the Lien of this Indenture or of and the Security Documents. SECTION 10.12.

Form and Sufficiency of Release. In the event that the Company or any of its Subsidiaries have has sold, exchanged exchanged, or otherwise disposed of or proposes to sell, exchange or otherwise dispose of any portion of the Collateral that which under the provisions of Section 12.5 or 12.6 Sections 11.3 and 11.5 may be sold, exchanged or otherwise disposed of by the Company or its SubsidiaryCompany, and the Company or its Subsidiary requests the Trustee or the Collateral Agent to furnish a written disclaimer, release or quit-claim quitclaim of any interest in such property under this Indenture and any of the Security Documents, the Trustee, in its capacity as Collateral Agent under shall promptly execute (or, if so requested by the Security DocumentsCompany, shall promptly instruct the Trustee to execute, acknowledge and deliver to the Company or its Subsidiary (in proper and recordable form) such an instrument promptly after satisfaction of the conditions set forth herein for delivery of any such release. Notwithstanding the preceding sentence, all purchasers and grantees of any property or rights purporting to be released herefrom shall be entitled to rely upon any release executed by the Trustee hereunder as sufficient for the purpose purposes of this Indenture and as constituting a good and valid release of the property therein described from the Lien of this Indenture or of and the Security Documents.

Form and Sufficiency of Release. In the event that the Company or any of its Subsidiaries have applicable Subsidiary Guarantor has sold, exchanged exchanged, or otherwise disposed of or proposes to sell, exchange or otherwise dispose of any portion of the Collateral that under the provisions of Section 12.5 11.05 or 12.6 11.06 may be sold, exchanged or otherwise disposed of by the Company or its Subsidiaryany applicable Subsidiary Guarantor, and the Company or its such applicable Subsidiary Guarantor requests the Trustee to furnish a written disclaimer, release or quit-claim of any interest in such property under this Indenture and the Security Documents, the Trustee, in its capacity as Collateral Agent Trustee under the Security Documents, shall execute, acknowledge and deliver to the Company or its Subsidiary (in proper and recordable form) such an instrument promptly after satisfaction of the conditions set forth herein for delivery of any such release. Notwithstanding the preceding sentence, all purchasers and grantees of any property or rights purporting to be released herefrom shall be entitled to rely upon any release executed by the Trustee hereunder as sufficient for the purpose of this Indenture and as constituting a good and valid release of the property therein described from the Lien of this Indenture or of the Security Documents.

Form and Sufficiency of Release. In the event that the Company or any of its Subsidiaries have Issuer has sold, exchanged exchanged, or otherwise disposed of or proposes to sell, exchange or otherwise dispose of any portion of the Collateral in compliance with the terms of this Indenture that under the provisions of Section 12.5 or 12.6 may be sold, exchanged or otherwise disposed of by the Company or its SubsidiaryIssuer, and the Company or its Subsidiary Issuer requests the Trustee or the Collateral Agent to furnish a written disclaimer, release or quit-claim of any interest in such property under this Indenture and the Security DocumentsCollateral Agreements, the Collateral Agent and the Trustee, in its capacity as Collateral Agent under the Security DocumentsCollateral Agreements, shall execute, acknowledge and deliver to the Company or its Subsidiary Issuer (in proper and recordable form) such an instrument promptly after satisfaction of the conditions set forth herein for delivery of any such release. Notwithstanding the preceding sentence, all purchasers and grantees of any property or rights purporting to be released herefrom shall be entitled to rely upon any release executed by the Trustee hereunder as sufficient for the purpose of this Indenture and as constituting a good and valid release of the property therein described from the Lien of this Indenture or of the Security DocumentsCollateral Agreements.