Release of Liens on the Collateral. (a) The Collateral Trustee’s Liens upon the Collateral will no longer secure the Notes or other Obligations outstanding under this Indenture (but not necessarily any Pari Passu Notes Lien Indebtedness or Pari Passu Lien Hedge Agreements), and the right of the Holders to the benefits and proceeds of the Collateral Trustee’s Liens on the Collateral will automatically and without the need for any further action by any Person (other than notice of such release to the Collateral Trustee, but the failure to deliver such notice shall not affect such release) terminate and be discharged:
(1) in whole or in part, as applicable, as to all or any portion of property subject to such Liens which has been taken by eminent domain, condemnation or other similar circumstances or which has become (and only to the extent it continues to constitute) Excluded Assets;
(2) in whole upon:
(a) satisfaction and discharge of this Indenture as set forth in Article 12; or
(b) a Legal Defeasance or Covenant Defeasance as set forth in Article 8;
(3) in part, as to any property constituting Collateral that (a) is sold, transferred or otherwise disposed of by either of the Issuers or any Guarantor (other than to the Company or another Restricted Subsidiary) in a transaction not prohibited by this Indenture or the Security Documents at the time of such sale, transfer or disposition or (b) is owned or at any time acquired by a Guarantor that has been released from its Subsidiary Guarantee in accordance with this Indenture, concurrently with the release of such Subsidiary Guarantee (including in connection with the designation of a Guarantor as an Unrestricted Subsidiary or upon such Guarantor becoming an Excluded Subsidiary);
(4) in whole or in part, as applicable, with the consent of Holders of 66-2/3% or more in aggregate principal amount of Notes (including without limitation, consents obtained in connection with a tender offer or exchange offer for, or purchase of, Notes);
(5) in part, in accordance with the applicable provisions of the Collateral Trust and Intercreditor Agreement and the other Security Documents;
(6) to the extent that any lease is Collateral, upon termination of such lease;
(7) with respect to Collateral that is Capital Stock, upon the dissolution or liquidation of the issuer of such Capital Stock that is not prohibited by this Indenture; or
(8) as described in Section 9.02 hereof; provided that, in the case of any release in whole pursuant to clauses (1), (2) and (4)...
Release of Liens on the Collateral. Subject to the terms of each of the Intercreditor Agreement, as applicable, or any Additional Intercreditor Agreement, the Security Agent shall release, and the Trustee shall release and if so requested direct the Security Agent to release, without the need for consent of the Holders, Liens on the Collateral securing the Notes:
(a) upon payment in full of principal, interest and all other obligations on the Notes issued under this Indenture or discharge or defeasance thereof;
(b) upon release of a Note Guarantee (with respect to the Liens securing such Note Guarantee granted by such Guarantor);
(c) in connection with any disposition of Collateral to any Person, other than the Company or any of its Restricted Subsidiaries, or to a Guarantor; provided that if the Collateral is disposed to such Guarantor, the relevant Collateral becomes immediately subject to a substantially equivalent Lien in favor of the Security Agent securing the Notes; provided further, that, in each case, such disposition is permitted by this Indenture;
(d) if the Company designates any Guarantor to be an Unrestricted Subsidiary in accordance with the applicable provisions of this Indenture, the release of the property, assets and Capital Stock of such Unrestricted Subsidiary;
(e) as provided under Section 12.03;
(f) in connection with certain enforcement actions taken by the creditors under certain of the Group’s secured Indebtedness as provided under the Intercreditor Agreement; and
(g) as described under Article IX. Each of these releases shall be effected by the Security Agent without the consent of the Holders or any action on the part of the Trustee.
Release of Liens on the Collateral. The Liens on the Collateral will be released with respect to this Note and the Guarantee:
(i) in whole, upon payment in full of the unpaid principal, together with all accrued and unpaid interest thereon, of this Note; or
(ii) with the consent of Lender. Upon compliance by Debtor with the conditions precedent set forth above, Xxxxxx shall promptly cause to be released and reconveyed to Debtor the released Collateral and execute and deliver to Debtor such documents as Debtor shall reasonably request to evidence such termination.
Release of Liens on the Collateral. The Liens on the Collateral shall automatically and without any need for any further action by any Person be released:
Release of Liens on the Collateral. (a) The Liens on the Collateral shall automatically and without any need for any further action by any Person be released:
(i) in whole or in part, as applicable, as to all or any portion of property subject to such Liens which has been taken by eminent domain, condemnation or other similar circumstances;
(ii) in whole upon:
Release of Liens on the Collateral. (a) The Liens on the Collateral securing the Notes will automatically and without the need for any further action by any Person be released:
(1) in whole, upon payment in full of the principal of, accrued and unpaid interest and premium, if any, on the Notes;
(2) in whole upon:
Release of Liens on the Collateral. (a) Collateral may be released from the Lien and security interest created by the Collateral Documents at any time and from time to time in accordance with the provisions of the Collateral Documents, the Intercreditor Agreements and this Indenture. Notwithstanding anything to the contrary in the Collateral Documents, the Intercreditor Agreements and this Indenture, the Issuer, the Company and the Guarantors will be entitled to the release of property and other assets constituting Collateral from the Liens securing the Notes and the Obligations under this Indenture under any one or more of the following circumstances:
Release of Liens on the Collateral. (a) The Liens on the Xxx Legacy Collateral and the Pulitzer Collateral securing the Notes and the Subsidiary Guarantees (including, without limitation, the Liens created by or arising under this Indenture and the Collateral Documents) shall automatically and without any need for any further action by any Person be released:
(i) in whole or in part, as applicable, as to all or any portion of property subject to such Liens which has been taken by eminent domain, condemnation or other similar circumstances;
(ii) in whole upon:
(a) satisfaction and discharge of this Indenture as set forth in Section 8.1(a);
(b) a legal defeasance or covenant defeasance of this Indenture as set forth in Section 8.1(b); or
(c) the occurrence of a Suspension Period;
Release of Liens on the Collateral. (a) Subject to the ABL Intercreditor Agreement, the First Lien Notes Collateral Agent shall not at any time release the Collateral from the security interests created by the Collateral Documents unless such release is expressly in accordance with the provisions of this Indenture and the applicable Collateral Documents.
(b) Collateral will be released from the Liens and security interests created by the Collateral Documents at any time or from time to time in accordance with the provisions of this Indenture and the
Release of Liens on the Collateral. The Issuer and the Guarantors are entitled to the releases of property and other assets included in the Collateral from the Liens securing the Notes and the related Note Guarantees, as applicable, under any one or more of the following circumstances:
