Common use of Permitted Asset Dispositions; Release of Collateral Clause in Contracts

Permitted Asset Dispositions; Release of Collateral. After consummation of a Permitted Asset Disposition, upon request of the Co-Issuers, the Trustee, at the written direction of the Servicer, shall execute and deliver to the Co-Issuers any and all documentation reasonably requested and prepared by the Co-Issuers at their expense to effect or evidence the release by the Trustee of the Secured Parties’ security interest in the property disposed of in connection with such Permitted Asset Disposition.

Appears in 2 contracts

Samples: Base Indenture (DineEquity, Inc), Base Indenture (Dominos Pizza Inc)

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Permitted Asset Dispositions; Release of Collateral. After consummation of a Permitted Asset Disposition, upon request of the Co-Issuers, the Trustee, at the written direction of the Servicer, shall execute and deliver to the Co-Issuers any and all documentation reasonably requested and prepared by the Co-Issuers at their expense to effect or evidence the release by the Trustee of the Secured Parties' security interest in the property disposed of in connection with such Permitted Asset Disposition.

Appears in 1 contract

Samples: Base Indenture (Sonic Corp)

Permitted Asset Dispositions; Release of Collateral. After consummation of a Permitted Asset Assets Disposition, upon request of the Co-Issuers, the Trustee, at the written direction of the ServicerControl Party, shall execute and deliver to the Co-Issuers any and all documentation reasonably requested and prepared by the Co-Issuers at their expense to effect or evidence the release by the Trustee of the Secured Parties’ security interest in the property disposed of in connection with such Permitted Asset Disposition.

Appears in 1 contract

Samples: Base Indenture (Sonic Corp)

Permitted Asset Dispositions; Release of Collateral. After consummation of a Permitted Asset Disposition, upon request of the Co-Issuers, the Trustee, at the written direction of the ServicerControl Party, shall execute and deliver to the Co-Issuers Securitization Entities any and all documentation reasonably requested and prepared by the Co-Issuers Securitization Entities at their expense to effect or evidence the release by the Trustee of the Secured Parties’ security interest in the property disposed of in connection with such Permitted Asset Disposition.

Appears in 1 contract

Samples: Base Indenture (Dine Brands Global, Inc.)

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Permitted Asset Dispositions; Release of Collateral. After consummation of a Permitted Asset Assets Disposition, upon request of the Co-Issuers, the Trustee, at the written direction of the ServicerControl Party, shall execute and deliver to the Co-Co Issuers any and all documentation reasonably requested and prepared by the Co-Issuers at their expense to effect or evidence the release by the Trustee of the Secured Parties’ security interest in the property disposed of in connection with such Permitted Asset Disposition.

Appears in 1 contract

Samples: Base Indenture (Dominos Pizza Inc)

Permitted Asset Dispositions; Release of Collateral. After consummation of a Permitted Asset Disposition, upon request of the Co-Co- Issuers, the Trustee, at the written direction of the Servicer, shall execute and deliver to the Co-Co- Issuers any and all documentation reasonably requested and prepared by the Co-Issuers at their expense to effect or evidence the release by the Trustee of the Secured Parties’ security interest in the property disposed of in connection with such Permitted Asset Disposition.

Appears in 1 contract

Samples: Sixth Supplement to Amended and Restated Base Indenture (Dominos Pizza Inc)

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