Common use of Permitted Release of Collateral Clause in Contracts

Permitted Release of Collateral. The Administrative Agent is hereby authorized to release its Lien on any Collateral which is the subject of a disposition permitted hereunder, and each Lender shall confirm upon request the authority of the Administrative Agent to make any such release of Collateral.

Appears in 3 contracts

Samples: Loan Agreement (Wheeling Island Gaming Inc), Loan Agreement (Wdra Food Service Inc), Loan Agreement (Wheeling Land Development Corp)

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Permitted Release of Collateral. The Administrative Agent is hereby authorized to release its Lien on any Collateral which is the subject of a disposition Disposition permitted hereunder, and each Lender shall confirm upon request the authority of the Administrative Agent to make any such release of Collateral.

Appears in 1 contract

Samples: Loan Agreement (Coast Resorts Inc)

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