Common use of Release of Pledged Securities Clause in Contracts

Release of Pledged Securities. Pledged Securities that are required to be released from the pledge and security interest created by this Agreement pursuant to the Credit Agreement shall be so released by the Administrative Agent promptly following the Administrative Agent’s receipt of written request therefor by the Company specifying the basis for which release is requested and such further certificates or other documents as the Administrative Agent reasonably shall request in its discretion to confirm that such release is permitted by the Credit Agreement and to confirm Secured Parties’ replacement lien, if any, on appropriate collateral. Any request for any permitted release shall be transmitted to the Administrative Agent.

Release of Pledged Securities. Pledged Securities that are required to be released from the pledge and security interest created by this Agreement pursuant to the Credit Agreement shall be so released by the Administrative Agent promptly following the Administrative Agent’s receipt of written request therefor by the Company Pledgor specifying the basis for which release is requested and such further certificates or other documents as the Administrative Agent reasonably shall request in its discretion to confirm that such release is permitted by the Credit Agreement and to confirm Secured Parties’ replacement lien, if any, on appropriate collateral. Any request for any permitted release shall be transmitted to the Administrative Agent.

Release of Pledged Securities. Pledged Securities that are required to be released from the pledge and security interest created by this Agreement pursuant to the Credit Agreement shall be so released by the Administrative Agent promptly following the Administrative Agent’s 's receipt of written request therefor by the Company specifying the basis for which release is requested and such further certificates or other documents as the Administrative Agent reasonably shall request in its discretion to confirm that such release is permitted by the Credit Agreement and to confirm Secured Parties’ ' replacement lien, if any, on appropriate collateral. Any request for any permitted release shall be transmitted to the Administrative Agent.