Common use of Release or Subordination of Liens Clause in Contracts

Release or Subordination of Liens. The Collateral Trustee will not release or subordinate any Lien of the Collateral Trustee or consent to the release or subordination of any Lien of the Collateral Trustee, except: (a) as directed by an Act of Required Secured Parties accompanied by an Officers’ Certificate to the effect that the release or subordination was permitted by each applicable Secured Debt Document; (b) as required by Article 4; (c) as ordered pursuant to applicable law under a final and nonappealable order or judgment of a court of competent jurisdiction; or (d) for the subordination of the Junior Trust Estate and the Parity Liens to the Senior Trust Estate and the Priority Liens.

Release or Subordination of Liens. The Collateral Trustee will not release or subordinate any Lien of the Collateral Trustee or consent to the release or subordination of any Lien of the Collateral Trustee, except: (a) as directed by an Act of Required Secured Parties Instructing Debtholders accompanied by an Officers’ ' Certificate to the effect that the release or subordination was permitted by each applicable Secured Debt Document; (b) as required by Article 4; (c) as ordered pursuant to applicable law under a final and nonappealable order or judgment of a court of competent jurisdiction; or (d) for the subordination of the Junior Trust Estate and the Parity Liens to the Senior Trust Estate and the Priority Liens.

Release or Subordination of Liens. The Collateral Trustee will not release or subordinate any Lien of the Collateral Trustee or consent to the release or subordination of any Lien of the Collateral Trustee, except: (a) as directed by an Act of Required Secured Parties Debtholders accompanied by an Officers’ Certificate to the effect that the release or subordination was permitted by each applicable Secured Debt Parity Lien Document; (b) as required by Article 4; (c) as ordered pursuant to applicable law under a final and nonappealable order or judgment of a court of competent jurisdiction; or (d) for the subordination of the Junior Trust Estate and Liens on the Collateral securing the Parity Liens Lien Obligations to the Senior Trust Estate and Liens on the Collateral securing any Priority LiensLien Obligations to the extent required by the Intercreditor Agreement.

Release or Subordination of Liens. The Collateral Trustee will not release or subordinate any Lien of the Collateral Trustee or consent to the release or subordination of any Lien of the Collateral Trustee, except: (a) as directed by an Act of Required Secured Parties Debtholders accompanied by an Officers’ Officer’s Certificate to the effect that the release or subordination was permitted by each applicable Secured Debt Document; (b) as required by Article 4; (c) as ordered pursuant to applicable law under a final and nonappealable order or judgment of a court of competent jurisdiction; or (d) for the subordination of the Junior Trust Estate and the Parity Junior Liens to the Senior Trust Estate and the Priority Parity Liens.

Release or Subordination of Liens. The Collateral Trustee Agent will not release or subordinate any Lien of the Collateral Trustee Agent or consent to the release or subordination of any Lien of the Collateral TrusteeAgent, except: (a) as directed by an Act of Required Secured Parties accompanied by an Officers’ Officer’s Certificate to the effect that the release or subordination was permitted by each applicable Secured Debt Document; (b) as required by Article 4; (c) as ordered pursuant to applicable law under a final and nonappealable order or judgment of a court of competent jurisdiction; or; (d) for the subordination of the Junior Trust Estate and the Parity Junior Liens to the Senior Trust Estate and the Priority Liens; or (e) as provided in the Crossing Lien Intercreditor Agreement.

Release or Subordination of Liens. The Collateral Trustee will not release or subordinate any Lien of the Collateral Trustee or consent to the release or subordination of any Lien of the Collateral Trustee, except: (a) as directed by an Act of Required Secured Parties Debtholders accompanied by an Officers’ Certificate to the effect that the release or subordination was permitted by each applicable Secured Debt Document; (b) as required by Article 4; (c) as ordered pursuant to applicable law under a final and nonappealable order or judgment of a court of competent jurisdiction; or (d) for the subordination of the Junior Trust Estate and the Parity Junior Liens to the Senior Trust Estate and the Priority LiensLiens as provided for herein.

Release or Subordination of Liens. The Collateral Trustee will not release or subordinate any Lien of the Collateral Trustee or consent to the release or subordination of any Lien of the Collateral Trustee, except: (a) as directed by an Act of Required Secured Parties accompanied by an Officers’ Certificate to the effect that the release or subordination was permitted by each applicable Secured Debt Parity Lien Document; (b) as required by Article 4; (c) as ordered pursuant to applicable law under a final and nonappealable non-appealable order or judgment of a court of competent jurisdiction; or (d) for the subordination of the Junior Trust Estate and the Parity Liens to the Senior Trust Estate and extent required by the Priority LiensIntercreditor Agreement.

Release or Subordination of Liens. The Collateral Trustee Agent will not release or subordinate any Lien of the Collateral Trustee Agent or consent to the release or subordination of any Lien of the Collateral TrusteeAgent, except: (a) as directed by an Act of Required Secured Parties accompanied by an Officers’ Officer’s Certificate to the effect that the release or subordination was permitted by each applicable Secured Debt Document; (b) as required by Article 4; (c) as ordered pursuant to applicable law under a final and nonappealable order or judgment of a court of competent jurisdiction; or (d) for the subordination of the Junior Trust Estate and the Parity Junior Liens to the Senior Trust Estate and the Priority Liens.

Release or Subordination of Liens. The Collateral Trustee will not release or subordinate any Lien of the Collateral Trustee or consent to the release or subordination of any Lien of the Collateral Trustee, except: (a) as directed by an Act of Required Secured Parties Creditors accompanied by an Officers’ Officer's Certificate to the effect that the release or subordination was permitted by each applicable Secured Debt Document; (b) as required by Article 4; (c) as ordered pursuant to applicable law under a final and nonappealable order or judgment of a court of competent jurisdiction; or (d) for the subordination of (i) the Junior Trust Estate and the Parity Liens to the Senior Trust Estate and the Priority Liens.

Release or Subordination of Liens. The Collateral Trustee Agent will not release or subordinate any Lien of the Collateral Trustee Agent or consent to the release or subordination of any Lien of the Collateral TrusteeAgent, except: (a) as directed by an Act of Required Secured Parties Debtholders accompanied by an Officers’ Officer’s Certificate to the effect that the release or subordination was permitted by each applicable Secured Debt Document; (b) as required by Article 4V; (c) as ordered pursuant to applicable law under a final and nonappealable order or judgment of a court of competent jurisdiction; or (d) in the case of subordination, for the subordination of the Junior Trust Estate and the Parity Priority Liens to the Senior Trust Estate and the Priority Liens.

Release or Subordination of Liens. The Collateral Trustee will not release or subordinate any Lien of the Collateral Trustee or consent to the release or subordination of any Lien of the Collateral Trustee, except: (a) as directed by an Act of Required Secured Parties Debtholders accompanied by an Officers’ Certificate to the effect that the release or subordination was permitted by each applicable Secured Debt Document; (b) as required by Article 4; (c) as ordered pursuant to applicable law under a final and nonappealable order or judgment of a court of competent jurisdiction; or (d) for the subordination of the Junior Trust Estate and the Parity Junior Liens to the Senior Trust Estate and the Priority Liens.

Release or Subordination of Liens. The Collateral Trustee Agent will not release or subordinate any Lien of the Collateral Trustee Agent or consent to the release or subordination of any Lien of the Collateral TrusteeAgent, except: (a) as directed by an Act of Required Secured Parties Instructing Debtholders accompanied by an Officers’ Certificate to the effect that the release or subordination was permitted by each applicable Secured Debt Document; (b) as required by Article 4; (c) as ordered pursuant to applicable law under a final and nonappealable non-appealable order or judgment of a court of competent jurisdiction; or; (d) for the subordination of the Junior Trust Estate and the Parity Liens to the Senior Trust Estate and the Priority Liens; or (e) for the subordination of the Trust Estates, Priority Liens and Parity Liens to the Permitted Prior Liens.

Release or Subordination of Liens. The Collateral Trustee will not release or subordinate any Lien of the Collateral Trustee or consent to the release or subordination of any Lien of the Collateral Trustee, except: (a) as directed by an Act of Required Secured Parties Debtholders accompanied by an Officers’ ' Certificate to the effect that the release or subordination was permitted by each applicable Secured Debt Document; (b) as required by Article 4; (c) as ordered pursuant to applicable law under a final and nonappealable order or judgment of a court of competent jurisdiction; or (d) for the subordination of the Junior Trust Estate and the Parity Junior Liens to the Senior Trust Estate and the Priority LiensLiens as provided for herein.

Release or Subordination of Liens. The Collateral Trustee Agent will not release or subordinate any Lien of the Collateral Trustee Agent or consent to the release or subordination of any Lien of the Collateral TrusteeAgent, except: (a) as directed by an Act of Required Secured Parties Instructing Debtholders accompanied by an Officers’ Certificate to the effect that the release or subordination was permitted by each applicable Secured Debt Document; (b) as required by Article 4; (c) as ordered pursuant to applicable law under a final and nonappealable non-appealable order or judgment of a court of competent jurisdiction; or (d) for the subordination of the Junior Trust Estate and the Parity Liens to the Senior Trust Estate and the Priority Liens.

Release or Subordination of Liens. The Collateral Trustee will not release or subordinate any Lien of the Collateral Trustee or consent to the release or subordination of any Lien of the Collateral Trustee, except: (a) as directed by an Act of Required Secured Parties Debtholders accompanied by an Officers’ Certificate to the effect that the release or subordination was permitted by each applicable Secured Debt Document; (b) as required by Article 4; (c) as ordered pursuant to applicable law under a final and nonappealable order or judgment of a court of competent jurisdiction; or (d) for the subordination of the Junior Trust Estate and the Parity Junior Liens to the Senior Trust Estate and the Priority Parity Liens.

Release or Subordination of Liens. The Collateral Trustee will not release or subordinate any Lien of the Collateral Trustee or consent to the release or subordination of any Lien of the Collateral Trustee, except: (a) as directed by an Act of Required Secured Parties Debtholders accompanied by an Officers’ Certificate to the effect that the release or subordination was permitted by each applicable Secured Debt Document; (b) as required by Article 4; (c) as ordered pursuant to applicable law under a final and nonappealable (after any applicable appeals to the extent such order has been stayed) order or judgment of a court of competent jurisdiction; or (d) for the subordination of the Junior Trust Estate and the Parity Junior Liens to the Senior Trust Estate and the Priority Parity Liens.

Release or Subordination of Liens. The Collateral Trustee will not release or subordinate any Lien of the Collateral Trustee or consent to the release or subordination of any Lien of the Collateral Trustee, except: (a) as directed by an Act of Required Secured Parties Debtholders accompanied by an Officers’ ' Certificate to the effect that the release or subordination was permitted by each applicable Secured Debt Document; (b) as required by Article 4; (c) as ordered pursuant to applicable law under a final and nonappealable order or judgment of a court of competent jurisdiction; or (d) for the subordination of the Junior Trust Estate and the Parity Liens to the Senior Trust Estate and the Priority Liens.

Release or Subordination of Liens. The Collateral Trustee will not release or subordinate any Lien of the Collateral Trustee or consent to the release or subordination of any Lien of the Collateral Trustee, except: (a) as directed by an Act of Required Secured Parties Parity Lien Debtholders accompanied by an Officers’ Certificate to the effect that the release or subordination was permitted by each applicable Secured Debt Parity Lien Document; (b) as required by Article 4; (c) as ordered pursuant to applicable law under a final and nonappealable order or judgment of a court of competent jurisdiction; or (d) for the subordination or release of the Junior Trust Estate and Liens on the Parity Liens Collateral pursuant to the Senior Trust Estate and the Priority LiensIntercreditor Agreement.

Release or Subordination of Liens. The Collateral Trustee will not release or subordinate any Lien of the Collateral Trustee or consent to the release or subordination of any Lien of the Collateral Trustee, except: (a) as directed by an Act of Required Secured Parties Debtholders accompanied by an Officers’ Certificate to the effect that the release or subordination was permitted by each applicable Secured Debt Document; (b) as required by Article 4; (c) as ordered pursuant to applicable law under a final and nonappealable order or judgment of a court of competent jurisdiction; or; (d) for the subordination of the Junior Trust Estate and the Parity Liens to the Senior Trust Estate and the Priority Liens; or (e) releases of ABL Collateral to the extent required by the Intercreditor Agreement.