Common use of Partial Release of Collateral Clause in Contracts

Partial Release of Collateral. Upon the disposition of any Collateral in accordance with the Credit Agreement, the Administrative Agent shall, upon the written request of (and at the sole cost and expense of) the Borrower, promptly execute and deliver to the Borrower such UCC termination statements and such other documentation as the Borrower may reasonably request to effect the termination and release of the Liens on such Collateral.

Appears in 2 contracts

Samples: Security and Pledge Agreement (Magnum Hunter Resources Corp), Security and Pledge Agreement (Carriage Services Inc)

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Partial Release of Collateral. Upon the disposition of any Collateral in accordance with the Credit Agreement, the Administrative Agent shall, upon the written request of (and at the sole cost and expense of) the Euro Borrower, promptly execute and deliver to the Euro Borrower such UCC termination statements and such other documentation as the Euro Borrower may reasonably request to effect the termination and release of the Liens on such Collateral.

Appears in 1 contract

Samples: Credit Agreement (Dynamic Materials Corp)

Partial Release of Collateral. Upon the disposition of any Collateral in accordance with the Credit Agreement, the Administrative Collateral Agent shall, upon the written request of (and at the sole cost and expense of) the Borrower, promptly execute and deliver to the Borrower such UCC termination statements and such other documentation as the Borrower may reasonably request to effect the termination and release of the its Liens on such the applicable Collateral.

Appears in 1 contract

Samples: Intercreditor Agreement (Magnum Hunter Resources Corp)

Partial Release of Collateral. Upon the disposition Disposition of any Collateral in accordance with the Credit Agreement, the Administrative Agent shall, upon the written request of (and at the sole cost and expense of) the US Borrower, promptly execute and deliver to the US Borrower such UCC termination statements and such other documentation as the US Borrower may reasonably request to effect the termination and release of the Liens on such Collateral.

Appears in 1 contract

Samples: Credit Agreement (Dynamic Materials Corp)

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Partial Release of Collateral. Upon the disposition Disposition of any Collateral permitted by or made in accordance with the Credit Agreement, the Administrative Agent shall, upon the written request of (and at the sole cost and expense of) the Borrower, promptly execute and deliver to the Borrower such UCC termination statements and such other documentation as the Borrower may reasonably request to effect the termination and release of the Liens on such Collateral.

Appears in 1 contract

Samples: Security and Pledge Agreement (Mitcham Industries Inc)

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