Common use of Release and Reinstatement of Collateral Clause in Contracts

Release and Reinstatement of Collateral. (a) Notwithstanding anything to the contrary contained in this Agreement or any Loan Document, if at any time (including after a Collateral Reinstatement Event shall have previously occurred) a Collateral Release Event shall have occurred and be continuing, then all Collateral (other than Cash Collateral) and the Security Documents (other than Security Documents entered into in connection with Cash Collateral) shall be released automatically and terminated without any further action. In connection with the foregoing, the Administrative Agent shall, at the Borrower’s sole expense and at the Borrower’s request, promptly (i) return to the Borrower all certificates and instruments evidencing pledged Collateral, (ii) terminate any control agreements with respect to deposit or securities accounts constituting Collateral, (iii) execute and file in the appropriate location and deliver to the Borrower such termination and full or partial release statements or confirmation thereof, as applicable, and (iv) do such other things as are reasonably necessary to release the Liens to be released pursuant hereto promptly upon the effectiveness of any such release.

Release and Reinstatement of Collateral. (a) Notwithstanding anything to the contrary contained in this Agreement Agreement, any Loan Document or any Loan Documentother document executed in connection herewith, if at any time (including after a Collateral Reinstatement Event shall have previously occurred) a Collateral Release Event shall have occurred and be continuing, so long as any Permitted Pari Passu Indebtedness provides for such a release (and the Administrative Agent is reasonably satisfied that such release is occurring substantially simultaneously therewith) then all Collateral (other than Cash Collateral) and the Security Documents Instruments (other than Security Documents Instruments entered into in connection with Cash Collateral) shall be released automatically and terminated without any further action. In connection with the foregoing, the Administrative Agent shall, at the BorrowerCompany’s sole expense and at the BorrowerCompany’s request, promptly (i) return to the Borrower all certificates and instruments evidencing pledged Collateral, (ii) terminate any control agreements with respect to deposit or securities accounts constituting Collateral, (iii) execute and file in the appropriate location and deliver to the Borrower Company such termination and full or partial release statements or confirmation thereof, as applicable, and (iv) do such other things as are reasonably necessary to release the Liens to be released pursuant hereto promptly upon the effectiveness of any such release.

Release and Reinstatement of Collateral. (a) Notwithstanding anything to the contrary contained in this Agreement Agreement, any Loan Document or any Loan Documentother document executed in connection herewith, if at any time (including after a Collateral and Guarantee Reinstatement Event shall have previously occurred) a Collateral and Guarantee Release Event shall have occurred and be continuing, then (i) all Collateral (other than Cash Collateral) and the Security Collateral Documents (other than Security Collateral Documents Instruments entered into in connection with Cash Collateral) shall be released automatically and terminated without any further action and (ii) all Guarantees of the Obligations by the Guarantors under the Loan Documents (other than the Unreleased Guarantees) shall, unless the Company otherwise requests that any such Person shall continue as a Guarantor at such time, be released automatically and terminated without any further action. In connection with the foregoing, the Administrative Agent shall, at the BorrowerCompany’s sole expense and at the BorrowerCompany’s request, promptly (i) return to the Borrower all certificates and instruments evidencing pledged Collateral, (ii) terminate any control agreements with respect to deposit or securities accounts constituting Collateral, (iii) execute and file in the appropriate location and deliver to the Borrower Company such termination and full or partial release statements or confirmation thereof, as applicable, and (iv) do such other things as are reasonably necessary to release the Liens liens to be released pursuant hereto promptly upon the effectiveness of any such release.. 216

Release and Reinstatement of Collateral. (a) Notwithstanding anything to the contrary contained in this Agreement Agreement, any Loan Document or any Loan Documentother document executed in connection herewith, if at any time (including after a Collateral Reinstatement Event shall have previously occurred) (i) a Level One Collateral Release Event shall have occurred and be continuingoccurred, then all Level One Collateral (other than Cash Collateral) and the Level One Security Documents Instruments (other than Security Documents Instruments entered into in connection with Cash Collateral) shall be released automatically and terminated without any further action or (ii) a Level Two Collateral Release Event shall have occurred, then all Level Two Collateral (other than Cash Collateral) and the Level Two Security Instruments (other than Security Instruments entered into in connection with Cash Collateral) shall be released and automatically terminated without any further action. In connection with the foregoing, the Administrative Agent shall, at the BorrowerCompany’s sole expense and at the BorrowerCompany’s request, promptly (i) return to the Borrower all certificates and instruments evidencing pledged Collateral, (ii) terminate any control agreements with respect to deposit or securities accounts constituting Collateral, (iii) execute and file in the appropriate location and deliver to the Borrower Company such termination and full or partial release statements or confirmation thereof, as applicable, and (iv) do such other things as are reasonably necessary to release the Liens to be released pursuant hereto promptly upon the effectiveness of any such release.