Common use of Release of the Collateral Clause in Contracts

Release of the Collateral. (a) To the extent a release is required by a Security Document, the Security Agent shall release, and the Trustee (as applicable) shall release and if so requested direct the Security Agent to release, without the need for consent of the Holders of the Notes, Liens on the Collateral securing the Notes:

Appears in 3 contracts

Samples: Indenture (Carnival PLC), Indenture (Carnival PLC), Indenture (Royal Caribbean Cruises LTD)

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Release of the Collateral. (a) To the extent a release is required by a Security Document, the Security Agent shall automatically release, and the Trustee Trustee, if so required by the requisite holders under this Indenture (as if applicable) or pursuant to a court order (if applicable), shall release and if so requested be deemed to direct the Security Agent to automatically release, without the need for consent of the Holders of the NotesNotes or any further action, Liens on the Collateral securing the Notes:

Appears in 3 contracts

Samples: Indenture (Norwegian Cruise Line Holdings Ltd.), Indenture (Norwegian Cruise Line Holdings Ltd.), Indenture (Norwegian Cruise Line Holdings Ltd.)

Release of the Collateral. (a) To the extent a release is required by a Security DocumentDocument or any Intercreditor Agreement, the Security Agent shall automatically release, and the Trustee (as applicable) shall release and and, if so requested requested, be deemed to direct the Security Agent to automatically release, without the need for consent of the Holders of the Notesor any further action, Liens on the Collateral securing the Notes:

Appears in 2 contracts

Samples: Indenture (Norwegian Cruise Line Holdings Ltd.), Indenture (Norwegian Cruise Line Holdings Ltd.)

Release of the Collateral. (a) To the extent a release is required by a Security Document, the Security Agent shall release, and the Trustee Administrative Agent (as applicable) shall release and if so requested direct the Security Agent to release, without the need for consent of the Holders of the NotesLenders, Liens on the Collateral securing the NotesObligations:

Appears in 2 contracts

Samples: Term Loan Agreement (Carnival PLC), Lender Assignment Agreement (Carnival PLC)

Release of the Collateral. (a) To Notwithstanding anything in this Indenture or any Security Document to the contrary, to the extent a release is required by a Security Document, the Security Collateral Agent shall release, and the Trustee (as applicable) shall release and if so requested direct the Security Collateral Agent to release, without the need for consent of the Holders of the Notes, Liens on the Collateral securing the Notes:

Appears in 2 contracts

Samples: Indenture (Viking Holdings LTD), Indenture (Viking Holdings LTD)

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Release of the Collateral. (a) To the extent a release is required permitted by a Security Document, the Security Agent shall automatically release, and the Trustee Trustee, if so required by the requisite Holders under this Indenture (as if applicable) or pursuant to a court order (if applicable), shall release and if so requested be deemed to direct the Security Agent to automatically release, without the need for consent of the Holders of the NotesNotes or any further action, Liens on the Collateral securing the Notes:

Appears in 1 contract

Samples: Supplemental Indenture (Norwegian Cruise Line Holdings Ltd.)

Release of the Collateral. (a) To the extent a release is required by a Security Document, the Security Agent shall release, and the Trustee (as applicable) shall release and if so requested direct the Security Agent to release, without the need for consent of the Holders of the Notes, Liens on the Collateral securing the Notes:: 135

Appears in 1 contract

Samples: Indenture (Carnival PLC)

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