Common use of Release Documentation Clause in Contracts

Release Documentation. Upon compliance with the conditions to release of all or any portion of the Collateral set forth in Section 11.02, the Collateral Agent and the Trustee shall forthwith take all necessary action (at the written request of and the expense of the Company, accompanied by an Officers’ Certificate and Opinion of Counsel that the conditions precedent to such release have been satisfied) to release and re-convey to the applicable Collateral Grantor the applicable portion of the Collateral that is authorized to be released pursuant to Section 11.02, and shall deliver such Collateral in its possession to the applicable Collateral Grantor, including, without limitation, executing and delivering releases and satisfactions wherever required.

Appears in 10 contracts

Samples: Supplemental Indenture, Indenture, Indenture

AutoNDA by SimpleDocs

Release Documentation. Upon compliance with the conditions to release of all or any portion of the Collateral set forth in Section 11.0212.02, the Collateral Agent and the Trustee shall forthwith take all necessary action (at the written request of and the expense of the Company, accompanied by an Officers’ Certificate and Opinion of Counsel that the conditions precedent to such release have been satisfied) to release and re-convey to the applicable Collateral Grantor the applicable portion of the Collateral that is authorized to be released pursuant to Section 11.0212.02, and shall deliver such Collateral in its possession to the applicable Collateral Grantor, including, without limitation, executing and delivering releases and satisfactions wherever required.

Appears in 7 contracts

Samples: Indenture (Transocean Ltd.), Indenture (Transocean Ltd.), Indenture (Transocean Ltd.)

Release Documentation. Upon compliance with the conditions to release of all or any portion of the Collateral set forth in Section 11.0212.02, the Collateral Agent and the Trustee shall forthwith take all necessary action (at the written request of and the expense of the Company, accompanied by an Officers’ Officer’s Certificate and Opinion of Counsel that the conditions precedent to such release have been satisfied) to release and re-convey to the applicable Collateral Grantor the applicable portion of the Collateral that is authorized to be released pursuant to Section 11.0212.02, and shall deliver such Collateral in its possession to the applicable Collateral Grantor, including, without limitation, executing and delivering releases and satisfactions wherever required.

Appears in 3 contracts

Samples: Indenture (Transocean Ltd.), Indenture (Transocean Ltd.), Indenture (Transocean Ltd.)

Release Documentation. Upon compliance with the conditions to release of all or any portion of the Collateral set forth in Section 11.0211.03, the Collateral Agent and the Trustee shall forthwith take all necessary action (at the written request of and the expense of the Company, accompanied by an Officers’ Certificate and Opinion of Counsel that the conditions precedent to such release have been satisfied) to release and re-convey to the applicable Collateral Grantor Pledgor the applicable portion of the Collateral that is authorized to be released pursuant to Section 11.0211.03, and shall deliver such Collateral in its possession to the applicable Collateral GrantorPledgor, including, without limitation, executing and delivering releases and satisfactions wherever requiredrequired in form reasonably satisfactory to the Company, the Collateral Agent.

Appears in 1 contract

Samples: Indenture (Endeavor International Corp)

Release Documentation. Upon compliance with the conditions to release of all or any portion of the Collateral set forth in Section 11.0211.03, the Collateral Agent and the Trustee shall forthwith take all necessary action (at the written request of and the expense of the Company, accompanied by an Officers’ Certificate and Opinion of Counsel that the conditions precedent to such release have been satisfied) to release and re-convey to the applicable Collateral Grantor Pledgor the applicable portion of the Collateral that is authorized to be released pursuant to Section 11.0211.03, and shall deliver such Collateral in its possession to the applicable Collateral GrantorPledgor, including, without limitation, executing and delivering releases and satisfactions wherever requiredrequired in form reasonably satisfactory to the Company, the Collateral Agent and the Trustee.

Appears in 1 contract

Samples: Indenture (Endeavour International Corp)

AutoNDA by SimpleDocs

Release Documentation. Upon compliance with the conditions to release of all or any portion of the Collateral set forth in Section 11.0211.03, the Collateral Agent and the Trustee shall forthwith take all necessary action (at the written request of and the expense of the Company, accompanied by an Officers’ Certificate and Opinion of Counsel that the conditions precedent to such release have been satisfied) to release and re-convey to the applicable Collateral Grantor the applicable portion of the Collateral that is authorized to be released pursuant to Section 11.0211.03, and shall deliver such Collateral in its possession to the applicable Collateral Grantor, including, without limitation, executing and delivering releases and satisfactions wherever required.

Appears in 1 contract

Samples: Indenture (Pacific Drilling S.A.)

Release Documentation. Upon compliance with the conditions to release of all or any portion of the Collateral set forth in Section 11.0211.03, the Collateral Agent and the Trustee shall forthwith take all necessary action (at the written request of and the expense of the CompanyIssuer, accompanied by an Officers’ Certificate and Opinion of Counsel that the conditions precedent to such release have been satisfied) to release and re-convey to the applicable Collateral Grantor the applicable portion of the Collateral that is authorized to be released pursuant to Section 11.0211.03, and shall deliver such Collateral in its possession to the applicable Collateral Grantor, including, without limitation, executing and delivering releases and satisfactions wherever required.

Appears in 1 contract

Samples: Indenture (Pacific Drilling S.A.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!