Common use of Release of Liens in Respect of the Notes Clause in Contracts

Release of Liens in Respect of the Notes. The Collateral Trustee’s Liens upon the Collateral will no longer secure the Notes outstanding under this Indenture or any other Obligations under this Indenture, and the right of the Holders of Notes and such Obligations to the benefits and proceeds of the Collateral Trustee’s Liens on the Collateral will automatically terminate and be discharged: (1) upon satisfaction and discharge of this Indenture in accordance with Article 11 hereof; (2) upon a Legal Defeasance or Covenant Defeasance of the Notes in accordance with Article 8 hereof; (3) upon payment in full and discharge of all Notes outstanding under this Indenture and all Obligations that are outstanding, due and payable under this Indenture at the time the Notes are paid in full and discharged; or (4) in whole or in part, with the consent of the Holders of the requisite percentage of Notes in accordance with Article 9 hereof. In addition, the Collateral Trustee’s Liens on the Collateral will be released upon the terms and subject to the conditions set forth in Section 4.1 of the Collateral Trust Agreement.

Release of Liens in Respect of the Notes. The Collateral TrusteeAgent’s Liens upon the Collateral will no longer secure the Notes outstanding under this Indenture or any other Obligations under this IndentureNote Obligations, and the right of the Holders of Notes and such Note Obligations to the benefits and proceeds of the Collateral TrusteeAgent’s Liens on the Collateral will automatically terminate and be discharged: (1a) upon satisfaction and discharge of this Indenture in accordance with Article 11 8 hereof; (2b) upon a Legal Defeasance or Covenant Defeasance of the Notes in accordance with Article 8 hereof; (3c) upon payment in full and discharge of all Notes outstanding under this Indenture and all Note Obligations that are outstanding, due and payable under this Indenture at the time the Notes are paid in full and discharged; or; (4d) in whole or in part, with the consent of the Holders of the requisite percentage of Notes in accordance with Article 9 hereof. In addition, the Collateral Trustee’s Liens on the Collateral will be released upon the terms and subject to the conditions set forth in Section 4.1 of the Collateral Trust Agreement.;

Release of Liens in Respect of the Notes. The Collateral Trustee’s Liens upon the Collateral will no longer secure the Notes outstanding under this Indenture or any other Obligations under this Indenture, and the right of the Holders of Notes and such Obligations to the benefits and proceeds of the Collateral Trustee’s Liens on the Collateral will automatically terminate and be discharged: (1a) upon satisfaction and discharge of this Indenture in accordance with Article 11 8 hereof; (2b) upon a Legal Defeasance or Covenant Defeasance of the Notes in accordance with Article 8 hereof; (3c) upon payment in full and discharge of all Notes outstanding under this Indenture and all Obligations that are outstanding, due and payable under this Indenture at the time the Notes are paid in full and discharged; or (4d) in whole or in part, with the consent of the Holders of the requisite percentage of Notes in accordance with Article 9 hereof. (e) with respect to any Guarantor, upon any disposition of 50% or more of the Capital Stock of such Guarantor such that it is no longer a Restricted Subsidiary to the extent not prohibited by the terms of this Indenture. In addition, the Collateral Trustee’s Liens on the Collateral will be released upon the terms and subject to the conditions set forth in Section 4.1 of the Collateral Trust AgreementAgreement and Section 2.04(b) of the Second Lien Intercreditor Agreement (or the comparable provisions of any other intercreditor agreement entered into pursuant to Section 11.03 hereof).

Release of Liens in Respect of the Notes. The Collateral Trustee’s Liens upon the Collateral will no longer secure the Notes outstanding under this Indenture or any other Obligations under this Indenture, and the right of the Holders of Notes and such Obligations to the benefits and proceeds of the Collateral Trustee’s Liens on the Collateral will automatically terminate and be discharged: (1) upon satisfaction and discharge of this Indenture in accordance with Article 11 XI hereof; (2) upon a Legal Defeasance or Covenant Defeasance of the Notes in accordance with Article 8 VIII hereof; (3) upon payment in full and discharge of all Notes outstanding under this Indenture and all Obligations that are outstanding, due and payable under this Indenture at the time the Notes are paid in full and discharged; or (4) in whole or in part, with the consent of the Holders of the requisite percentage of Notes in accordance with Article 9 IX hereof. In addition, the Collateral Trustee’s Liens on the Collateral will be released upon the terms and subject to the conditions set forth in Section 4.1 of the Collateral Trust Agreement.