Common use of Permitted Asset Swaps Clause in Contracts

Permitted Asset Swaps. To the extent the Majority Lenders or all the Lenders, as applicable, waive the provisions of this Section 9.16 with respect to the sale of any Collateral, or any Collateral is sold as permitted by this Section 9.16, such Collateral (unless sold to Holdings, the Parent Borrower or any other Restricted Subsidiary) shall be sold free and clear of the Liens created by the Security Instruments, and, so long as the Parent Borrower shall have provided the Administrative Agent and/or the Collateral Agent such certifications or documents as any such Agent shall reasonably request in order to demonstrate compliance with this Section 9.16, such Agents shall take all actions necessary or reasonably requested by the Companies in order to effect the foregoing.

Permitted Asset Swaps. To the extent the Majority Lenders or all the Lenders, as applicable, waive the provisions of this Section Sec- tion 9.16 with respect to the sale of any Collateral, or any Collateral is sold as permitted by this Section 9.16, such Collateral (unless sold to Holdings, the Parent Borrower or any other Restricted Subsidiary) shall be sold free and clear of the Liens created by the Security Instruments, and, so long as the Parent Borrower shall have provided the Administrative Agent and/or the Collateral Agent such certifications or documents as any such Agent shall reasonably reasona- xxx request in order to demonstrate compliance with this Section 9.16, such Agents shall take all actions necessary or reasonably requested by the Companies in order to effect the foregoing.