Common use of Release of Liens and Guarantees Clause in Contracts

Release of Liens and Guarantees. In the event that ------------------------------- Holdings, the Borrower or any Subsidiary conveys, sells, leases, assigns, transfers or otherwise disposes of all or any portion of any of the capital stock, assets or property of Holdings, the Borrower or any of the Subsidiaries in a transaction not prohibited by this Agreement or any other Credit Document, the Agent and the Collateral Agent shall promptly (and the Lenders hereby authorize the Agent and the Collateral Agent to) take such action and execute any such documents as may be reasonably requested by the Borrower and at the Borrower's expense to release any Liens created by any Credit Document in respect of such capital stock, assets, property, including the release and satisfaction of record of any mortgage or deed or trust granted in connection herewith, and, in the case of a disposition of all or substantially all the capital stock or assets of any Subsidiary Guarantor, terminate such Subsidiary Guarantor's obligations under the Subsidiary Guarantee and release all Liens on the assets of such Subsidiary Guarantor. In addition, the Agent and the Collateral Agent agree to take such actions as are reasonably requested by the Borrower and at the Borrower's expense to terminate the Liens and security interests created by the Credit Documents when all the Obligations are paid in full and all Letters of Credit and Commitments are terminated. Any representation, warranty or covenant contained in any Credit Document relating to any such capital stock, assets, property or Subsidiary shall no longer be deemed to be made once such Capital Stock, assets or property is conveyed, sold, leased, assigned, transferred or disposed of.

Release of Liens and Guarantees. In the event that ------------------------------- Holdings, the Borrower or any Subsidiary conveys, sells, leases, assigns, transfers or otherwise disposes of all or any portion of any of the capital stockCapital Stock, assets or property of Holdings, the Borrower or any of the Subsidiaries in a transaction not prohibited by this Agreement Section 6.05 or any other Credit DocumentSection 6.13, the Administrative Agent and the Collateral Agent shall promptly (and the Lenders hereby authorize the Administrative Agent and the Collateral Agent to) take such action and execute any such documents as may be reasonably requested by the Borrower and at the Borrower's expense to release any Liens created by any Credit Loan Document in respect of such capital stockCapital Stock, assets, assets or property, including the release and satisfaction of record of any mortgage or deed or trust granted in connection herewith, and, in the case of a disposition of all or substantially all the capital stock Capital Stock or assets of any Subsidiary Guarantor, terminate such Subsidiary Guarantor's obligations under the Subsidiary Guarantee and release all Liens on the assets of such Subsidiary GuarantorAgreement. In addition, the Administrative Agent and the Collateral Agent agree to take such actions as are reasonably requested by the Borrower and at the Borrower's expense to terminate the Liens and security interests created by the Credit Loan Documents when all the Obligations are paid in full and all Letters of Credit and Commitments are terminated. Any representation, warranty or covenant contained in any Credit Loan Document relating to any such capital stockCapital Stock, assets, property or Subsidiary shall no longer be deemed to be made once such Capital Stock, assets or property is conveyed, sold, leased, assigned, transferred or disposed of.

Release of Liens and Guarantees. In the event that ------------------------------- HoldingsCommNet, the Borrower or any Subsidiary conveys, sells, leases, assigns, transfers or otherwise disposes of all or any portion of any of the capital stockCapital Stock, assets or property of HoldingsCommNet, the Borrower or any of the Subsidiaries in a transaction not prohibited by this Agreement Section 6.05 or any other Credit DocumentSection 6.13, the Administrative Agent and the Collateral Agent shall promptly (and the Lenders hereby authorize the Administrative Agent and the Collateral Agent to) take such action and execute any such documents as may be reasonably requested by the Borrower and at the Borrower's expense to release any Liens created by any Credit Loan Document in respect of such capital stockCapital Stock, assets, assets or property, including the release and satisfaction of record of any mortgage or deed or trust granted in connection herewith, and, in the case of a disposition of all or substantially all the capital stock Capital Stock or assets of any Subsidiary that is a Guarantor, terminate such Subsidiary Guarantor's obligations under the Subsidiary Guarantee and release all Liens on the assets of such Subsidiary GuarantorAgreement. In addition, the Administrative Agent and the Collateral Agent agree to take such actions as are reasonably requested by the Borrower and at the Borrower's expense to terminate the Liens and security interests created by the Credit Loan Documents when all the Obligations are paid in full and all Letters of Credit and Commitments are terminated. Any representation, warranty or covenant contained in any Credit Loan Document relating to any such capital stockCapital Stock, assets, property or Subsidiary shall no longer be deemed to be made once such Capital Stock, assets or property is conveyed, sold, leased, assigned, transferred or disposed of.

Release of Liens and Guarantees. In the event that ------------------------------- Holdings, the Borrower or any Subsidiary conveys, sells, leases, assigns, transfers or otherwise disposes of all or any portion of any of the capital stock, assets or property of Holdings, the Borrower or any of the Subsidiaries in a transaction not prohibited by this Agreement or any other Credit Document, the Agent and the Collateral Administrative Agent shall promptly (and the Lenders hereby authorize the Agent and the Collateral Administrative Agent to) take such action and execute any such documents as may be reasonably requested by the Borrower and at the Borrower's ’s expense to release any Liens created by any Credit Document in respect of such capital stock, assets, property, including the release and satisfaction of record of any mortgage or deed or trust granted in connection herewith, and, in the case of a disposition of all or substantially all the capital stock or assets of any Subsidiary Guarantor, terminate such Subsidiary Guarantor's ’s obligations under the Subsidiary Guarantee and Collateral Agreement and release all Liens on the assets of such Subsidiary Guarantor. In addition, the Administrative Agent and the Collateral Agent agree agrees to take such actions as are reasonably requested by the Borrower and at the Borrower's ’s expense to terminate the Liens and security interests created by the Credit Documents when all the Obligations are paid in full (other than obligations under or in respect of Hedge Agreements) and all Letters of Credit and Commitments are terminated. Any representation, warranty or covenant contained in any Credit Document relating to any such capital stock, assets, property or Subsidiary shall no longer be deemed to be made once such Capital Stock, assets or property is conveyed, sold, leased, assigned, transferred or disposed of.

Release of Liens and Guarantees. In the event that ------------------------------- HoldingsUCAR, the Borrower or any Subsidiary conveys, sells, leases, assigns, transfers or otherwise disposes of all or any portion of any of the capital stockCapital Stock, assets or property of HoldingsUCAR, the Borrower or any of the Subsidiaries in a transaction not prohibited by this Agreement or any other Credit DocumentSection 6.05, the Administrative Agent and the Collateral Agent shall promptly (and the Lenders hereby authorize the Administrative Agent and the Collateral Agent to) take such action and execute any such documents as may be reasonably requested by the Borrower and at the Borrower's expense to release any Liens created by any Credit Loan Document in respect of such capital stockCapital Stock, assets, assets or property, including the release and satisfaction of record of any mortgage or deed or trust granted in connection herewith, and, in the case of a disposition of all or substantially all the capital stock Capital Stock or assets of any Subsidiary Guarantor, terminate such Subsidiary Guarantor's obligations under the Subsidiary any Guarantee and release all Liens on the assets of such Subsidiary GuarantorAgreements to which it is a party. In addition, the Administrative Agent and the Collateral Agent agree to take such actions as are reasonably requested by the Borrower and at the Borrower's expense to terminate the Liens and security interests created by the Credit Loan Documents when all the Obligations are paid in full and all Letters of Credit and Commitments are terminated. Any representation, warranty or covenant contained in any Credit Loan Document relating to any such capital stock110 Capital Stock, assets, property or Subsidiary shall no longer be deemed to be made once such Capital Stock, assets or property is conveyed, sold, leased, assigned, transferred or disposed of.

Release of Liens and Guarantees. In the event that ------------------------------- Holdings, the Borrower or any Subsidiary Loan Party conveys, sells, leases, assigns, transfers or otherwise disposes of all or any portion of any of the capital stock, Equity Interests or assets or property of Holdings, any Subsidiary Loan Party (other than the Borrower or any Equity Interests of the Subsidiaries a Borrower) to a person that is not (and is not required to become) a Loan Party in a transaction not prohibited by this Agreement or any other Credit DocumentSection 6.05, the Administrative Agent and the Collateral Agent shall promptly (and the Lenders hereby authorize the Administrative Agent and the Collateral Agent to) take such action and execute any such documents as may be reasonably requested by Holdings or the U.S. Borrower and at the U.S. Borrower's expense to release any Liens created by any Credit Loan Document in respect of such capital stock, assets, property, including the release and satisfaction of record of any mortgage or deed or trust granted in connection herewithEquity Interests, and, in the case of a disposition of all or substantially all the capital stock or assets Equity Interests of any Subsidiary GuarantorLoan Party that is not a Borrower in a transaction permitted by Section 6.05 and as a result of which such Subsidiary Loan Party would cease to be a Subsidiary, terminate such Subsidiary GuarantorLoan Party's obligations under the Subsidiary Guarantee and release all Liens on the assets of such Subsidiary Guarantorits Guarantee. In addition, the Administrative Agent and the Collateral Agent agree to take such actions as are reasonably requested by Holdings or the U.S. Borrower and at the U.S. Borrower's expense to terminate the Liens and security interests created by the Credit Loan Documents when all the Obligations are paid in full and all Letters of Credit and Commitments are terminated. Any representation, warranty or covenant contained in any Credit Loan Document relating to any such capital stockEquity Interests, assets, property asset or Subsidiary subsidiary of Holdings shall no longer be deemed to be made once such Capital Stock, assets Equity Interests or property asset is so conveyed, sold, leased, assigned, transferred or disposed of.

Release of Liens and Guarantees. In the event that ------------------------------- HoldingsUCAR, the Borrower or any Subsidiary conveys, sells, leases, assigns, transfers or otherwise disposes of all or any portion of any of the capital stockCapital Stock, assets or property of HoldingsUCAR, the Borrower or any of the Subsidiaries in a transaction not prohibited by this Agreement or any other Credit DocumentSection 6.05, the Administrative Agent and the Collateral Agent shall promptly (and the Lenders hereby authorize the Administrative Agent and the Collateral Agent to) take such action and execute any such documents as may be reasonably requested by the Borrower and at the Borrower's expense to release any Liens created by any Credit Loan Document in respect of such capital stockCapital Stock, assets, assets or property, including the release and satisfaction of record of any mortgage or deed or trust granted in connection herewith, and, in the case of a disposition of all or substantially all the capital stock Capital Stock or assets of any Subsidiary Guarantor, terminate such Subsidiary Guarantor's obligations under the Subsidiary any Guarantee and release all Liens on the assets of such Subsidiary GuarantorAgreements to which it is a party. In addition, the Administrative Agent and the Collateral Agent agree to take such actions as are reasonably requested by the Borrower and at the Borrower's expense to terminate the Liens and security interests created by the Credit Loan Documents when all the Obligations are paid in full and all Letters of Credit and Commitments are terminated. Any representation, warranty or covenant contained in any Credit Loan Document relating to any such capital stockCapital Stock, assets, property or Subsidiary shall no longer be deemed to be made once such Capital Stock, assets or property is conveyed, sold, leased, assigned, transferred or disposed of.

Release of Liens and Guarantees. In the event that ------------------------------- Holdings, the Borrower or any Subsidiary conveys, sells, leases, assigns, transfers or otherwise disposes of all or any portion of any of the capital stock, assets or property of Holdings, the Borrower or any of the Subsidiaries Subsidiaries, or the Capital Stock of any Subsidiary, in a transaction not prohibited expressly permitted by this Agreement paragraphs (c) and (d) of Section 6.5 or any other Credit Documentparagraphs (a) through (e) of Section 6.6, the Agent and the Collateral Administrative Agent shall promptly (and the Lenders hereby authorize the Agent and the Collateral Administrative Agent to) take such action and execute any such documents as may be reasonably requested by the Borrower and at the Borrower's expense to release any Liens created by any Credit Loan Document in respect of such capital stockCapital Stock, assets, assets or property, including the release and satisfaction of record of any mortgage or deed or trust granted in connection herewith, and, in the case of a disposition of all or substantially all the capital stock 115 Capital Stock or assets of any Subsidiary Guarantor, terminate such Subsidiary Guarantor's obligations under the Subsidiary Guarantee and release all Liens on the assets of such Subsidiary GuarantorAgreement. In addition, the Administrative Agent and the Collateral Agent agree agrees to take such actions as are reasonably requested by the Borrower and at the Borrower's expense to terminate the Liens and security interests created by the Credit Loan Documents when all the Obligations are paid in full and all Letters of Credit and Commitments are terminated. Any representation, warranty or covenant contained in any Credit Loan Document relating to any such capital stockCapital Stock, assets, property or Subsidiary shall no longer be deemed to be made once such Capital Stock, assets or property is conveyed, sold, leased, assigned, transferred or disposed of.

Release of Liens and Guarantees. (a) In the event that ------------------------------- Holdings, the Borrower or any Subsidiary of their Subsidiaries conveys, sells, leases, assigns, transfers or otherwise disposes of all or any portion of any of the capital stockEquity Interests, assets or property of Holdings, the Borrower or any of the their Subsidiaries to a person that is not (and is not required to become) a Loan Party in a transaction not prohibited by this Agreement or any other Credit DocumentSection 6.05, the Administrative Agent and the Collateral Agent shall promptly (and the Lenders hereby authorize the Administrative Agent and the Collateral Agent to) take such action and execute any such documents as may be reasonably requested by the Borrower and at the Borrower's expense to release any Liens created by any Credit Loan Document in respect of such capital stockEquity Interests, assets, propertyassets or property (provided that in no event shall the Equity Interests of the Borrower be released under this Section 9.17), including the release and satisfaction of record of any mortgage or deed or of trust granted in connection herewith, and, in the case of a disposition of all or substantially all the capital stock or assets Equity Interests of any Subsidiary Guarantor, terminate such Subsidiary Guarantor's obligations under the Subsidiary Guarantee and release all Liens on the assets of such Subsidiary GuarantorAgreement. In addition, the Administrative Agent and the Collateral Agent agree to take such actions as are reasonably requested by the Borrower and at the Borrower's expense to terminate the Liens and security interests created by the Credit Loan Documents when all the Obligations are paid in full and all Letters of Credit and Commitments are terminated. Any representation, warranty or covenant contained in any Credit Loan Document relating to any such capital stockEquity Interests, assets, property or Subsidiary of Holdings (other than the Borrower) shall no longer be deemed to be made once such Capital StockEquity Interests, assets or property is so conveyed, sold, leased, assigned, transferred or disposed of.

Release of Liens and Guarantees. In the event that ------------------------------- HoldingsAAMM, the Borrower or any Subsidiary conveys, sells, leases, assigns, transfers or otherwise disposes of all or any portion of any of the capital stockCapital Stock, assets or property of HoldingsAAMM, the Borrower or any of the Subsidiaries in a transaction not prohibited by this Agreement or any other Credit DocumentSection 6.05, the Administrative Agent and the Collateral Agent shall promptly (and the Lenders hereby authorize the Administrative Agent and the Collateral Agent to) take such action and execute any such documents as may be reasonably requested by the Borrower and at the Borrower's expense to release any Liens created by any Credit Loan Document in respect of such capital stockCapital Stock, assets, assets or property, including the release and satisfaction of record of any mortgage or deed or of trust granted in connection herewith, and, in the case of a disposition of all or substantially all the capital stock Capital Stock or assets of any Subsidiary Guarantor, terminate such Subsidiary Guarantor's obligations under the Subsidiary Guarantee and release all Liens on the assets of such Subsidiary GuarantorAgreement. In addition, the Administrative Agent and the Collateral Agent agree to take such actions as are reasonably requested by the Borrower and at the Borrower's expense to terminate the Liens and security interests created by the Credit Loan Documents when all the Obligations are paid in full and all Letters of Credit and Commitments are terminated. Any representation, warranty or covenant contained in any Credit Loan Document relating to any such capital stockCapital Stock, assets, property or Subsidiary shall no longer be deemed to be made once such Capital Stock, assets or property is conveyed, sold, leased, assigned, transferred or disposed of.

Release of Liens and Guarantees. In the event that ------------------------------- HoldingsParent, the Borrower OpCo or any Subsidiary of their respective Subsidiaries conveys, sells, leases, assigns, transfers or otherwise disposes of all or any portion of any of the capital stock, assets or property of HoldingsParent, the Borrower OpCo or any of the their respective Subsidiaries in a transaction not prohibited by this Agreement or any other Credit Document, the Agent and the Collateral Administrative Agent shall promptly (and the Lenders hereby authorize the Agent and the Collateral Administrative Agent to) take such action and execute any such documents as may be reasonably requested by the either Borrower and at the Borrower's Borrowers’ expense to release any Liens created by any Credit Document in respect of such capital stock, assets, property, including the release and satisfaction of record of any mortgage or deed or trust granted in connection herewith, and, in the case of a disposition of all or substantially all the capital stock or assets of any Subsidiary Guarantor, terminate such Subsidiary Guarantor's ’s obligations under the Subsidiary Guarantee and Collateral Agreement and release all Liens on the assets of such Subsidiary Guarantor. In addition, the Administrative Agent and the Collateral Agent agree agrees to take such actions as are reasonably requested by the either Borrower and at the Borrower's Borrowers’ expense to terminate the Liens and security interests created by the Credit Documents when all the Obligations are paid in full (other than obligations under or in respect of Hedge Agreements) and all Letters of Credit and Commitments are terminated. Any representation, warranty or covenant contained in any Credit Document relating to any such capital stock, assets, property or Subsidiary shall no longer be deemed to be made once such Capital Stock, assets or property is conveyed, sold, leased, assigned, transferred or disposed of.

Release of Liens and Guarantees. In the event that ------------------------------- Holdings, the Borrower or any Subsidiary conveys, sells, leases, assigns, transfers or otherwise disposes of all or any portion of any of the capital stock, assets or property of Holdings, the Borrower or any of the Subsidiaries Subsidiaries, or the Capital Stock of any Subsidiary, in a transaction not prohibited expressly permitted by this Agreement paragraphs (c) and (d) of Section 6.5 or any other Credit Documentparagraphs (a) through (e) of Section 6.6, the Agent and the Collateral Administrative Agent shall promptly (and the Lenders hereby authorize the Agent and the Collateral Administrative Agent to) take such action and execute any such documents as may be reasonably requested by the Borrower and at the Borrower's expense to release any Liens created by any Credit Loan Document in respect of such capital stockCapital Stock, assets, assets or property, including the release and satisfaction of record of any mortgage or deed or trust granted in connection herewith, and, in the case of a disposition of all or substantially all the capital stock Capital Stock or assets of any Subsidiary Guarantor, terminate such Subsidiary Guarantor's obligations under the Subsidiary Guarantee and release all Liens on the assets of such Subsidiary GuarantorAgreement. In addition, the Agent and the Collateral Administrative Agent agree to take such actions as are reasonably requested by the Borrower and at the Borrower's expense to terminate the Liens and security interests created by the Credit Loan Documents when all the Obligations are paid in full and all Letters of Credit and Commitments are terminated. Any representation, warranty or covenant contained in any Credit Loan Document relating to any such capital stockCapital Stock, assets, property or Subsidiary shall no longer be deemed to be made once such Capital Stock, assets or property is conveyed, sold, leased, assigned, transferred or disposed of.

Release of Liens and Guarantees. In the event that ------------------------------- Holdings, the Borrower or any Subsidiary of their Subsidiaries conveys, sells, leases, assigns, transfers or otherwise disposes of all or any portion of any of the capital stockEquity Interests, assets or property of Holdings, the Borrower or any of the their Subsidiaries to a Person that is not (and is not required to become) a Loan Party in a transaction not prohibited by this Agreement or any other Credit DocumentSection 6.05, the Administrative Agent and the Collateral Agent shall promptly (and the Lenders hereby authorize the Administrative Agent and the Collateral Agent to) take such action and execute any such documents as may be reasonably requested by the Borrower and at the Borrower's expense to release any Liens created by any Credit Loan Document in respect of such capital stockEquity Interests, assets, propertyassets or property (provided that in no event shall the Equity Interests of the Borrower be released under this Section 9.17), including the release and satisfaction of record of any mortgage or deed or of trust granted in connection herewith, and, in the case of a disposition of all or substantially all the capital stock or assets Equity Interests of any Subsidiary Guarantor, terminate such Subsidiary Guarantor's obligations under the Subsidiary Guarantee and release all Liens on the assets of such Subsidiary GuarantorAgreement. In addition, the Administrative Agent and the Collateral Agent agree to take such actions as are reasonably requested by the Borrower and at the Borrower's expense to terminate the Liens and security interests created by the Credit Loan Documents when all the Obligations are paid in full and all Letters of Credit and Commitments are terminated. Any representation, warranty or covenant contained in any Credit Loan Document relating to any such capital stockEquity Interests, assets, property or Subsidiary of Holdings (other than the Borrower) shall no longer be deemed to be made once such Capital StockEquity Interests, assets or property is so conveyed, sold, leased, assigned, transferred or disposed of.

Release of Liens and Guarantees. In the event that ------------------------------- HoldingsUCAR, the Borrower or any Subsidiary conveys, sells, leases, assigns, transfers or otherwise disposes of all or any portion of any of the capital stockCapital Stock, assets or property of HoldingsUCAR, the Borrower or any of the Subsidiaries in a transaction not prohibited by this Agreement or any other Credit DocumentSection 6.05, the Administrative Agent and the Collateral Agent shall promptly (and the Lenders hereby authorize the Administrative Agent and the Collateral Agent to) take such action and execute any such documents as may be reasonably requested by the Borrower and at the Borrower's expense to release any Liens created by any Credit Loan Document in respect of such capital stockCapital Stock, assets, assets or property, including the release and satisfaction of record of any mortgage or deed or trust granted in connection herewith, and, in the case of a disposition of all or substantially all the capital stock Capital Stock or assets of any Subsidiary Guarantor, terminate such Subsidiary Guarantor's obligations under the Subsidiary Guarantee and release all Liens on the assets of such Subsidiary GuarantorAgreement. In addition, the Administrative Agent and the Collateral Agent agree to take such actions as are reasonably requested by the Borrower and at the Borrower's expense to terminate the Liens and security interests created by the Credit Loan Documents when all the Obligations are paid in full and all Letters of Credit and Commitments are terminated. Any representation, warranty or covenant contained in any Credit Loan Document relating to any such capital stockCapital Stock, assets, property or Subsidiary shall no longer be deemed to be made once such Capital Stock, assets or property is conveyed, sold, leased, assigned, transferred or disposed of.

Release of Liens and Guarantees. In the event that ------------------------------- Holdings, the Borrower or any Subsidiary Domestic Loan Party conveys, sells, leases, assigns, transfers or otherwise disposes of all or any portion of any of the capital stock, Equity Interests or assets or property of Holdings, any Subsidiary Loan Party (other than the Borrower Equity Interests of the Company) or any of the Subsidiaries its assets to a Person that is not (and is not required to become) a Domestic Loan Party in a transaction not prohibited by this Agreement or any other Credit DocumentSection 6.05, the Agent and the Collateral Administrative Agent shall promptly (and the Lenders hereby authorize the Agent and the Collateral Administrative Agent to) take such action and execute any such documents as may be reasonably requested by the any Borrower and at the such Borrower's ’s expense to release any Liens created by any Credit Loan Document in respect of such capital stock, Equity Interests or assets, property, including the release and satisfaction of record of any mortgage or deed or trust granted in connection herewith, and, in the case of a disposition of all or substantially all the capital stock or assets Equity Interests of any Subsidiary GuarantorLoan Party that is not a Borrower in a transaction permitted by Section 6.05 and as a result of which such Subsidiary Loan Party would cease to be a Subsidiary, terminate such Subsidiary Guarantor's Loan Party’s obligations under the Subsidiary Guarantee and release all Liens on the assets of such Subsidiary Guarantorits Guarantee. In addition, the Administrative Agent and the Collateral Agent agree agrees to take such actions as are reasonably requested by the any Borrower and at the such Borrower's ’s expense to terminate the Liens and security interests created by the Credit Loan Documents when all the Obligations are paid in full and all Letters of Credit and Commitments are terminated. Any representation, warranty or covenant contained in any Credit Loan Document relating to any such capital stockEquity Interests, assets, property asset or Subsidiary subsidiary of any Borrower shall no longer be deemed to be made once such Capital Stock, assets Equity Interests or property asset is so conveyed, sold, leased, assigned, transferred or disposed of.