Release of Collateral; Termination. (a) Upon any sale, lease, transfer or other disposition of any Collateral of Grantor in accordance with the Loan Documents, the Secured Party will, at Grantor’s expense, execute and deliver to Grantor such documents as Grantor shall reasonably request to evidence the release of such Collateral from the assignment and security interest granted hereby; provided that:
Release of Collateral; Termination. (a) Upon any sale, lease, transfer or other disposition of any Collateral of Debtor in accordance with the Loan Documents, Secured Party will, at Debtor’s expense, execute and deliver to Debtor such documents as Debtor shall reasonably request to evidence the release of such Collateral from the assignment and security interest granted hereby; provided that:
Release of Collateral; Termination. (a) Upon termination of the Commitment and payment and satisfaction in full of all Loans, Reimbursement Obligations and all other Obligations which have matured and which are then due and payable, the Collateral shall automatically be released from the Lien created hereby and this Agreement and all obligations (other than those expressly stated to survive such termination) of Lender and Grantor hereunder shall immediately terminate, all without delivery of any instrument or performance of any act by any party, and all rights to the Collateral shall revert to Grantor. At the request and sole expense of Grantor following any such termination, Lender shall deliver to Grantor any Collateral of Grantor held by Lender hereunder and execute and deliver to Grantor such documents as Grantor shall reasonably request to evidence such termination.
Release of Collateral; Termination. (a) Upon any sale, lease, transfer or other disposition of any Collateral of Grantor in accordance with the Second-Out Credit Documents, the Collateral Agent will, at Grantor’s expense, execute and deliver to Grantor such documents as Grantor shall reasonably request to evidence the release of such Collateral from the assignment and security interest granted hereby. Signature Page CALIFORNIA RESOURCES CORPORATION - Fifth Amendment
Release of Collateral; Termination. (a) Upon any disposition of property permitted under the Credit Documents or any disposition to which the Required Lenders have consented or upon any disposition in connection with any Event of Loss, the Lien on such property shall be released, and the Collateral Agent shall promptly execute and deliver, at the expense of the relevant Obligor, such release and/or other documents related thereto as reasonably requested by such Obligor.
Release of Collateral; Termination. (a) Upon the earlier of (i) the performance and payment in full of all Secured Obligations, (ii) prepayment by Seller to Secured Party of an amount equal to $50 million less the sum of all milestone payments earned by Seller to date pursuant to the Procurement Agreement, and (iii) the termination of the Procurement Agreement by the Secured Party pursuant to Article 17 thereof, this Agreement shall automatically terminate.
Release of Collateral; Termination. (a) With respect to any Aircraft and with respect to any date, after a mandatory repayment is made in accordance with clause (a), (c), (e) or (g) of Section 3.02 of the full Release Amount (including but not limited to a mandatory repayment of principal in the amount of the Prepayment Amount) with respect to such Aircraft on such date and after such amounts are applied in accordance with Section 3.03, the Agent shall release (or shall direct the release of): (v) such Aircraft, (w) the Lease relating to such Aircraft, (x) the Capital Stock of the Aircraft Subsidiaries that own or lease such Aircraft (unless any such Aircraft Subsidiary then owns or leases other Aircraft in the Portfolio), (y) Deposits in an amount and in a manner set forth in clause (b) below and (z) all other Collateral owned by such Aircraft Subsidiaries, from the Lien of the Security Documents; provided that no such release shall occur if (i) a payment Facility Default or Facility Event of Default shall then exist or would occur on such date after giving effect to all applications of 133 [Warehouse Loan Agreement] funds to be made on such date under Section 3.03 or (ii) a Collateral Deficiency shall then exist after giving effect to any payments or pledge of additional collateral pursuant to Section 3.02(f). Notwithstanding anything else to the contrary in the Loan Documents, the Borrower may cause to be wound up, liquidated or subject to examinership any Aircraft Subsidiary subject to a release under clause (x) of this Section 11.23(a).
Release of Collateral; Termination. (a) Upon any sale, transfer or other Disposition of any Collateral of Pledgor in accordance with and permitted by the Loan Documents, the Collateral Agent will execute and deliver to Pledgor such documents as Pledgor shall reasonably request to evidence the release of such Collateral from the assignment and security interest granted hereby and such Liens in favor of the Collateral Agent granted thereon; provided that (i) the Person to acquire such Collateral shall be become a party to this Agreement or otherwise pledge such Collateral to the Collateral Agent on terms substantially similar to those herein and acceptable to the Collateral Agent and (ii) Pledgor shall have delivered to the Collateral Agent, at least 5 Business Days prior to the date of the proposed release (or such later date as the Collateral Agent may approve), a written request for release describing the Collateral to be released, together with a certification by Pledgor stating that such transaction is in compliance with the terms of all of the Loan Documents and that the proceeds of such Collateral will be applied in accordance with the terms of the Loan Documents, if applicable (on which certification the Collateral Agent shall be entitled to rely without further inquiry).
Release of Collateral; Termination. (a) Upon any sale, lease, transfer or other Disposition of any Collateral of Grantor in accordance with and permitted by the Loan Documents, the Collateral Agent will, at Grantor’s expense, execute and deliver to Grantor such documents as Grantor shall reasonably request to evidence the release of such Collateral from the assignment and security interest granted hereby and such Liens in favor of the Collateral Agent granted thereon; provided that Grantor shall have delivered to the Collateral Agent, at least 5 Business Days prior to the date of the proposed release (or such later date as the Collateral Agent may approve), a written request for release describing the Collateral to be released, together with a certification by such Grantor stating that such transaction is in compliance with the terms of all of the Loan Documents and that the proceeds of such Collateral will be applied in accordance with the terms of the Loan Documents, if applicable (on which certification the Collateral Agent shall be entitled to rely without further inquiry).
Release of Collateral; Termination. PESC Eastern Equity Pledge
