Common use of RELEASE OF THE SECURITY Clause in Contracts

RELEASE OF THE SECURITY. The Collateral Agent is authorized to act alone to release the Security with respect to any property which is the subject of a disposition permitted by this Agreement or which is no longer required to be charged by the Security. The Collateral Agent is authorized to determine whether any disposition is so permitted by relying on a certificate from Cascades.

RELEASE OF THE SECURITY. The Collateral Agent is authorized to act alone to release the Security with respect to any property which is the subject of a disposition permitted by this Agreement or which is no longer required to be charged by the SecurityAgreement. The Collateral Agent is authorized to determine whether any disposition is so permitted by relying on a certificate from Cascades.