Common use of Release of Collateral; Termination Clause in Contracts

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:

Appears in 3 contracts

Samples: First Lien Senior Pledge and Security Agreement (PostRock Energy Corp), Second Lien Senior Pledge and Security Agreement (PostRock Energy Corp), Pledge and Security Agreement (PostRock Energy Corp)

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Release of Collateral; Termination. (a) Upon any sale, lease, transfer or other disposition of any Collateral of Debtor in accordance with the Loan First Lien 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:

Appears in 1 contract

Samples: Pledge and Security Agreement (PostRock Energy Corp)

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