Common use of Release of Note Collateral Clause in Contracts

Release of Note Collateral. (a) Subject to subsections (b), (c) and (d) of this Section 10.03, upon a sale of any Note Collateral and application of the net proceeds of such sale to repay the Notes to the extent required in accordance with the terms of Section 3.08, the Collateral Agent shall release the security interests in favor of the Collateral Agent in the Note Collateral sold; provided, however, that such net proceeds have been or shall be applied in accordance with this Indenture and the Senior Note Indenture; provided further that, prior to the application of such net proceeds, such net proceeds shall be deposited in an interest bearing cash collateral account held by the Paying Agent and pledged for the benefit of the Holders of Notes and the holders of Senior Notes.

Release of Note Collateral. (a) Subject to subsections (b), (c) and (d) of this Section 10.039.03, upon a sale of any Note Collateral and application of the net proceeds of such sale to repay the Notes to the extent required in accordance with the terms of Section 3.08, the Collateral Agent shall release the security interests in favor of the Collateral Agent in the Note Collateral sold; provided, however, that such net proceeds have been or shall be applied in accordance with this Indenture and the Senior Note Indenture; provided further that, prior to the application of such net proceeds, such net proceeds shall be deposited in an interest bearing cash collateral account held by the Paying Agent and pledged for the benefit of the Holders of Notes and the holders of Senior Subordinated Notes.

Release of Note Collateral. (a) Subject to subsections (bc), (cd) and (de) of this Section 10.0311.03, upon a sale of any Note Collateral in accordance with Section 4.10 hereof and application of the net proceeds Net Proceeds of such sale to repay the Notes to the extent required in accordance with the terms of Section 3.084.10, the Collateral Agent shall release the security interests in favor of the Collateral Agent in the Note Collateral sold; provided, however, that such net proceeds Net Proceeds have been or shall be applied in accordance with this Indenture and the Senior Junior Note Indenture; provided further that, prior to the application of such net proceedsNet Proceeds, such net proceeds Net Proceeds shall be deposited in an interest bearing cash collateral account held by the Paying Agent and pledged for the benefit of the Holders of Notes and the holders of Senior Junior Notes.

Release of Note Collateral. (a) Subject to subsections (bc), (cd) and (de) of this Section 10.03, upon a sale of any Note Collateral in accordance with Section 4.10 hereof and application of the net proceeds Net Proceeds of such sale to repay the Notes to the extent required in accordance with the terms of Section 3.084.10, the Collateral Agent shall release the security interests in favor of the Collateral Agent in the Note Collateral sold; provided, however, that such net proceeds Net Proceeds have been or shall be applied in accordance with this Indenture and the Senior Junior Note Indenture; provided further that, prior to the application of such net proceedsNet Proceeds, such net proceeds Net Proceeds shall be deposited in an interest bearing cash collateral account held by the Paying Agent and pledged for the benefit of the Holders of Notes and the holders of Senior Junior Notes.