Common use of Release of Security Clause in Contracts

Release of Security. Unless required by local law the circumstances in which the security shall be released should not be dealt with in individual security documents but, if so required, shall, except to the extent required by local law, be the same as those set out in the Indenture or the Intercreditor Agreement or any Additional Intercreditor Agreement and not require any further consent by the Security Agent, the Trustee or any Holder.

Appears in 5 contracts

Samples: Indenture (Ardagh Group S.A.), Indenture (Ardagh Group S.A.), Indenture (Ardagh Group S.A.)

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Release of Security. Unless required by local law law, the circumstances in which the security shall be released should not be dealt with in individual security documents but, if so required, shall, except to the extent required by local law, be the same as those set out in the Indenture or the Intercreditor Agreement or any Additional Intercreditor Agreement and not require any further consent by the Security Agent, the Trustee or any HolderAgreement.

Appears in 3 contracts

Samples: Notes Purchase Agreement (Membership Collective Group Inc.), Notes Purchase Agreement (Membership Collective Group Inc.), Senior Facilities Agreement (Liberty Global PLC)

Release of Security. 12.1 Unless required by local law the circumstances in which the security shall be released should not be dealt with in individual security documents but, if so required, shall, except to the extent required by local law, be the same as those set out in the Indenture or the Intercreditor Agreement or any Additional Intercreditor Agreement and not require any further consent by the Security Agent, the Trustee or any Holder.

Appears in 2 contracts

Samples: Indenture (Ardagh Metal Packaging S.A.), Senior Secured Indenture (Ardagh Metal Packaging S.A.)

Release of Security. Unless required by local law the circumstances in which the security shall be released should not be dealt with in individual security documents Security Documents but, if so required, shall, except to the extent required by local law, be the same as those set out in the Indenture or the Intercreditor Agreement or any Additional Intercreditor Agreement and not require any further consent by the Security Agent, the Trustee or any HolderDeed.

Appears in 2 contracts

Samples: Loan Agreement (Elster Group SE), Loan Agreement (Elster Group SE)

Release of Security. Unless required by local law law, the circumstances in which the security shall be released should not be dealt with in individual security documents but, if so required, shall, except to the extent required by local law, be the same as those set out in the Indenture or the Intercreditor Agreement or any Additional Intercreditor Agreement and not require any further consent by the Security Agentrelevant intercreditor agreement, the Trustee or any Holderas applicable.

Appears in 2 contracts

Samples: Facility Agreement (ADC Therapeutics SA), Facility Agreement (ADC Therapeutics SA)

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Release of Security. Unless required by local law the circumstances in which the security shall be released should not be dealt with in individual security documents but, if so required, shall, except to the extent required ​ ​ by local law, be the same as those set out in the Indenture or the Intercreditor Agreement or any Additional Intercreditor Agreement and not require any further consent by the Security Agent, the Trustee or any Holder.

Appears in 1 contract

Samples: Indenture (Ardagh Group S.A.)

Release of Security. Unless required by local law the circumstances in which the security Security shall be released should not be dealt with in individual security documents Transaction Security Documents but, if so required, shall, except to the extent required by local law, be the same as those set out in the Indenture or the Intercreditor Agreement or any Additional Intercreditor Agreement and not require any further consent by the Security Agent, the Trustee or any HolderAgreement.

Appears in 1 contract

Samples: Senior Term Facilities Agreement (NeoGames S.A.)

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