Common use of Release of Amounts Clause in Contracts

Release of Amounts. (a) So long as no Default under Section 8.01(a), (f) or (k) of the Credit Agreement or an Event of Default shall have occurred and be continuing, the Collateral Agent will pay and release, or direct the applicable Pledged Account Bank to pay and release, to the Borrower or at its order such amount, if any, as is then on deposit in the Pledged Deposit Accounts, in each case to the extent permitted to be released under the terms of the Credit Documents. (b) The following provisions shall apply to withdrawals from the Lock-Up Account:

Release of Amounts. (a) So long as no Default under Section 8.01(a), (f) or (kf) of the Credit Agreement or an Event of Default shall have occurred and be continuing, the Collateral Agent will pay and release, or direct the applicable Pledged Account Bank to pay and release, to the Borrower or at its order or, at the request of the Borrower, to the Administrative Agent to be applied to the Obligations of the Borrower under the Loan Documents, such amount, if any, as is then on deposit in the Pledged Deposit Accounts, in each case any Cash Collateral Account to the extent permitted to be released under the terms of the Credit DocumentsAgreement. (b) The following provisions shall apply to withdrawals from the Lock-Up Account: