Common use of Release of Security Interests Clause in Contracts

Release of Security Interests. Without limiting the generality of the foregoing and except as otherwise provided in this Indenture, Hollxxxxx Xxxernational hereby consents and agrees, to the fullest extent permitted by applicable law, that the rights of the Trustee hereunder, and the liability of Hollxxxxx Xxxernational hereunder, shall not be affected by any and all releases for any purpose of any Collateral, if any, from the Liens and security interests created by any document relating thereto and that this Guarantee shall continue to be effective or be reinstated, as the case may be, if at any time any payment of any of the Indenture Obligations is rescinded or must otherwise be returned by the Trustee upon the insolvency, bankruptcy or reorganization of Publishing or otherwise, all as though such payment had not been made.

Appears in 2 contracts

Samples: Hollinger International Publishing Inc, Hollinger International Publishing Inc

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Release of Security Interests. Without limiting the generality of the foregoing and except as otherwise provided in this Indenture, Hollxxxxx Xxxernational the Partnership hereby consents and agrees, to the fullest extent permitted by applicable law, that the rights of the Trustee hereunder, and the liability of Hollxxxxx Xxxernational the Partnership hereunder, shall not be affected by any and all releases for any purpose of any Collateral, if any, from the Liens and security interests created by any document relating thereto the Senior Partnership Upstream Note Mortgage and that this Senior Guarantee shall continue to be effective or be reinstated, as the case may be, if at any time any payment of any of the Indenture Obligations is rescinded or must otherwise be returned by the Trustee upon the insolvency, bankruptcy or reorganization of Publishing the Issuer or otherwise, all as though such payment had not been made.

Appears in 1 contract

Samples: Trumps Castle Associates Lp

Release of Security Interests. Without limiting the generality of the foregoing and except as otherwise provided in this Indenture, Hollxxxxx Xxxernational the Partnership hereby consents and agrees, to the fullest extent permitted by applicable law, that the rights of the Trustee hereunder, and the liability of Hollxxxxx Xxxernational the Partnership hereunder, shall not be affected by any and all releases for any purpose of any Collateral, if any, from the Liens and security interests created by any document relating thereto the Senior Note Mortgage and that this Senior Guarantee shall continue to be effective or be reinstated, as the case may be, if at any time any payment of any of the Indenture Obligations is rescinded or must otherwise be returned by the Trustee upon the insolvency, bankruptcy or reorganization of Publishing the Issuer or otherwise, all as though such payment had not been made.

Appears in 1 contract

Samples: Trumps Castle Associates Lp

Release of Security Interests. Without limiting the generality of the foregoing and except as otherwise provided in this Indenture, Hollxxxxx Xxxernational hereby consents and agrees, to the fullest extent permitted by applicable law, that the rights of the Trustee hereunder, and the liability of Hollxxxxx Xxxernational hereunder, shall not be affected by any and all releases for any purpose of any Collateral, if any, from the Liens and security interests created by any document relating thereto and that this Guarantee shall continue to be effective or be reinstated, as the case may be, if at any time any payment of any of the Indenture Obligations is rescinded or must otherwise be returned by the Trustee upon the insolvency, bankruptcy or reorganization of Publishing or otherwise, all as though such payment had not been made.. 160 - 150 -

Appears in 1 contract

Samples: Hollinger International Inc

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Release of Security Interests. Without limiting the generality of the foregoing and except 134 126 as otherwise provided in this Indenture, Hollxxxxx Xxxernational hereby consents and agrees, to the fullest extent permitted by applicable law, that the rights of the Trustee hereunder, and the liability of Hollxxxxx Xxxernational hereunder, shall not be affected by any and all releases for any purpose of any Collateral, if any, from the Liens and security interests created by any document relating thereto and that this Guarantee shall continue to be effective or be reinstated, as the case may be, if at any time any payment of any of the Indenture Obligations is rescinded or must otherwise be returned by the Trustee upon the insolvency, bankruptcy or reorganization of Publishing or otherwise, all as though such payment had not been made.

Appears in 1 contract

Samples: Hollinger International Inc

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