Common use of Partial Release of Collateral Clause in Contracts

Partial Release of Collateral. The Noteholder shall, in connection with any Disposition of Collateral permitted under the Secured Note Agreement, release from the Lien created hereby on such Collateral the portion of the Collateral Disposed of, upon the related Grantor’s satisfaction of any applicable conditions set forth in the Secured Note Agreement. In connection therewith, the Noteholder, at the request and sole cost and expense of the Grantor, shall execute and deliver to the Grantor all releases or other documents including, without limitation, UCC termination statements reasonably necessary for the release of the Lien created hereby on such Collateral. For the avoidance of doubt, the Lien of the Noteholder on Collateral shall not be released in connection with the Disposition of Collateral between and among the Grantors.

Partial Release of Collateral. The Noteholder Each Lender shall, in connection with any Disposition of Collateral permitted under the Secured Note Credit Agreement, release from the Lien created hereby on such Collateral the portion of the Collateral Disposed of, upon the related Grantor’s satisfaction of any applicable conditions set forth in the Secured Note Credit Agreement. In connection therewith, the NoteholderLenders, at the request and sole cost and expense of the Grantor, Grantor shall execute and deliver to the Grantor all releases or other documents including, without limitation, UCC termination statements reasonably necessary for the release of the Lien created hereby on such Collateral. For the avoidance of doubt, the Lien of the Noteholder Lenders on Collateral shall not be released in connection with the Disposition of Collateral between and among the Grantors.