Common use of Release of Pledged Collateral Clause in Contracts

Release of Pledged Collateral. Pledged Collateral that is required to be released from the pledge and security interest created by this Agreement in order to permit Grantor to consummate any disposition of stock or assets, merger, consolidation, amalgamation, acquisition, or dividend payment or distribution that Grantor is entitled to consummate pursuant to the Loan Documents, if any, shall be so released by Administrative Agent at such times and to the extent necessary to permit Grantor to consummate such permitted transactions promptly following the Administrative Agent’s receipt of written request therefor by Grantor specifying the purpose for which release is requested and such further certificates or other documents as Administrative Agent on behalf of Secured Party reasonably shall request in its discretion to confirm that Grantor is permitted to consummate such permitted transaction and to confirm Secured Party’s replacement lien on appropriate collateral. Any request for any permitted release shall be transmitted to Administrative Agent on behalf of Secured Party. Subject to compliance with Gaming Laws, Administrative Agent, at the expense of Grantor, promptly shall redeliver all Certificates and shall execute and deliver to Grantor all documents requested by Grantor that are reasonably necessary to release Pledged Collateral of record whenever Grantor shall be entitled to the release thereof in accordance with this Section 3.3.

Release of Pledged Collateral. Pledged Collateral that is ----------------------------- required to be released from the pledge and security interest created by this Agreement in order to permit Grantor to consummate any disposition of stock or assets, merger, consolidation, amalgamation, acquisition, or dividend payment or distribution that Grantor is entitled to consummate pursuant to the Loan Documents, if any, shall be so released by Administrative Agent at such times and to the extent necessary to permit Grantor to consummate such permitted transactions promptly following the Administrative Agent’s 's receipt of written request therefor by Grantor specifying the purpose for which release is requested and such further certificates or other documents as Administrative Agent on behalf of Secured Party reasonably shall request in its discretion to confirm that Grantor is permitted to consummate such permitted transaction and to confirm Secured Party’s 's replacement lien on appropriate collateral. Any request for any permitted release shall be transmitted to Administrative Agent on behalf of Secured Party. Subject to compliance with Gaming Laws, Administrative Agent, at the expense of Grantor, promptly shall redeliver all Certificates and shall execute and deliver to Grantor all documents requested by Grantor that are reasonably necessary to release Pledged Collateral of record whenever Grantor shall be entitled to the release thereof in accordance with this Section 3.3.

Release of Pledged Collateral. Pledged Collateral that is required to be released from the pledge and security interest created by this Agreement in order to permit any Grantor to consummate any disposition of stock or assets, merger, consolidation, amalgamation, acquisition, or dividend payment or distribution that such Grantor is entitled to consummate pursuant to the Loan Documents, if any, shall be so released by Administrative Agent Secured Party at such times and to the extent necessary to permit such Grantor to consummate such permitted transactions promptly following the Administrative AgentSecured Party’s receipt of written request therefor by such Grantor specifying the purpose for which release is requested and such further certificates or other documents as Administrative Agent on behalf of Secured Party reasonably shall request in its reasonable discretion to confirm that such Grantor is permitted to consummate such permitted transaction and to confirm Secured Party’s replacement lien Lien on appropriate collateralcollateral (unless replacement collateral is not required pursuant to the Loan Documents). Any request for any permitted release shall be transmitted to Administrative Agent on behalf of Secured Party. Subject to compliance with Gaming Laws, Administrative Agent, at the expense of GrantorGrantors, promptly shall redeliver all Certificates and shall execute and deliver to Grantor Grantors all documents requested by Grantor Grantors that are reasonably necessary to release Pledged Collateral of record whenever Grantor Grantors shall be entitled to the release thereof in accordance with this Section 3.35.

Release of Pledged Collateral. Pledged Collateral that is required to be released from the pledge and security interest created by this Agreement in order to permit any Grantor to consummate any disposition of stock or assets, merger, consolidation, amalgamation, acquisition, or dividend payment or distribution that such Grantor is entitled to consummate pursuant to the Loan Documents, if any, shall be so released by Administrative Agent at such times and to the extent necessary to permit such Grantor to consummate such permitted transactions promptly following the Administrative Agent’s receipt of written request therefor by such Grantor specifying the purpose for which release is requested and such further certificates or other documents as Administrative Agent on behalf of Secured Party reasonably shall request in its discretion to confirm that such Grantor is permitted to consummate such permitted transaction and to confirm Secured Party’s replacement lien Lien on appropriate collateralcollateral (unless replacement collateral is not required pursuant to the Loan Documents). Any request for any permitted release shall be transmitted to Administrative Agent on behalf of Secured Party. Subject to compliance with Gaming Laws, Administrative Agent, at the expense of GrantorGrantors, promptly shall redeliver all Certificates and shall execute and deliver to Grantor Grantors all documents requested by Grantor Grantors that are reasonably necessary to release Pledged Collateral of record whenever Grantor Grantors shall be entitled to the release thereof in accordance with this Section 3.3.

Release of Pledged Collateral. Pledged Collateral that is required to be released from the pledge and security interest created by this Agreement in order to permit any Grantor to consummate any disposition of stock or assets, merger, consolidation, amalgamation, acquisition, or dividend payment or distribution that such Grantor is entitled to consummate pursuant to the Loan Documents, if any, shall be so released by Administrative Agent at such times and to the extent necessary to permit such Grantor to consummate such permitted transactions promptly following the Administrative Agent’s 's receipt of written request therefor by such Grantor specifying the purpose for which release is requested and such further certificates or other documents as Administrative Agent on behalf of Secured Party reasonably shall request in its discretion to confirm that such Grantor is permitted per mitted to consummate such permitted transaction and to confirm Secured Party’s 's replacement lien Lien on appropriate collateralcollateral (unless replacement collateral is not required pursuant to the Loan Documents). Any request for any permitted release shall be transmitted to Administrative Agent on behalf of Secured Party. Subject to compliance with Gaming Laws, Administrative Agent, at the expense of GrantorGrantors, promptly shall redeliver all Certificates and shall execute and deliver to Grantor Grantors all documents requested by Grantor Grantors that are reasonably necessary to release Pledged Collateral of record whenever Grantor Grantors shall be entitled to the release thereof in accordance with this Section 3.3.

Release of Pledged Collateral. Pledged Collateral that is required to be released from the pledge and security interest created by this Agreement in order to permit Grantor Grantors to consummate any disposition of stock or assets, merger, consolidation, amalgamation, acquisition, or dividend payment or distribution that Grantor is Grantors are entitled to consummate pursuant to the Loan Documents, if any, shall be so released by Administrative Agent at such times and to the extent necessary to permit Grantor Grantors to consummate such permitted transactions promptly following the Administrative Agent’s 's receipt of written request therefor by Grantor Grantors specifying the purpose for which release is requested and such further certificates or other documents as Administrative Agent on behalf of Secured Party reasonably shall request in its discretion to confirm that Grantor is Grantors are permitted to consummate such permitted transaction and to confirm Secured Party’s 's replacement lien Lien on appropriate collateralcollateral (unless replacement collateral is not required pursuant to the Loan Documents). Any request for any permitted release shall be transmitted to Administrative Agent on behalf of Secured Party. Subject to compliance with Gaming Laws, Administrative Agent, at the expense of GrantorGrantors, promptly shall redeliver all Certificates and shall execute and deliver to Grantor Grantors all documents requested by Grantor Grantors that are reasonably necessary to release Pledged Collateral of record whenever Grantor Grantors shall be entitled to the release thereof in accordance with this Section 3.3.