Common use of Release of Collateral Pool Property Clause in Contracts

Release of Collateral Pool Property. If no Default or Event of Default shall have occurred hereunder and be continuing (or would exist immediately after giving effect to the transactions contemplated by this Section 4A.04), the Administrative Agent shall release a Collateral Pool Property from the Lien or security title of the Security Documents encumbering the same upon the written request of the Borrower, subject to and upon the following terms and conditions:

Release of Collateral Pool Property. If Provided no Default or Event of Default shall have occurred hereunder and be continuing (or would exist immediately after giving effect to the transactions contemplated by this Section 4A.042.19), the Administrative Agent shall release a Collateral Pool Property from the Lien lien or security title of the Security Documents encumbering the same in connection with a sale, other permanent disposition or refinancing of such Collateral Pool Property as permitted by this Agreement upon the written request of the Borrower, Borrower subject to and upon the following terms and conditions:

Release of Collateral Pool Property. If Provided no Default or Event of Default shall have occurred hereunder and be continuing (or would exist immediately after giving effect to the transactions contemplated by this Section 4A.042.19), the Administrative Agent shall release a Collateral Pool Property and the Equity Interests pledged pursuant to the Pledge Agreement in the Subsidiary Guarantor owning such Collateral Pool Property from the Lien lien or security title of the Security Documents encumbering the same upon the written request of the Borrower, subject to and upon the following terms and conditions: