Common use of Release Upon Termination of the Company’s Obligations Clause in Contracts

Release Upon Termination of the Company’s Obligations. In the event that (i) the Company delivers to the Trustee, in form and substance acceptable to it, an Officer’s Certificate and Opinion of Counsel certifying that all the Obligations under the Secured Notes have been satisfied and discharged by the payment in full of the Company’s obligations under the Secured Notes, and all such Obligations have been so satisfied, or (ii) a discharge, legal defeasance or covenant defeasance occurs under Article XII of the Indenture with respect to the Secured Notes, the Trustee shall deliver to the Company and the First Lien Collateral Agent a notice stating that the Trustee, on behalf of the Holders of the Secured Notes, disclaims and gives up any and all rights it has in or to the Collateral with respect the Secured Notes, and any rights it has under the Secured Notes, and upon receipt by the First Lien Collateral Agent of such notice, the First Lien Collateral Agent shall be deemed not to hold a lien in the Collateral with respect to the Secured Notes on behalf of the Trustee and shall (or shall direct the First Lien Collateral Agent to) do or cause to be done all acts reasonably necessary to release such lien, with respect to the Secured Notes, as soon as is reasonably practicable.

Release Upon Termination of the Company’s Obligations. In the event that (i) the Company delivers to the Trustee, in form and substance acceptable to it, Trustee an Officer’s Officers’ Certificate and Opinion of Counsel certifying that all the Obligations under the Secured Notes have been satisfied and discharged by the (i) payment in full of the Company’s obligations under principal of, together with accrued and unpaid interest on, the Secured Notes, Notes and all other First Priority Notes Obligations that are due and payable at or prior to the time such Obligations have been so satisfiedprincipal, together with accrued and unpaid interest, are paid or (ii) a dischargethe Company shall have exercised its Legal Defeasance option or their Covenant Defeasance option, legal defeasance in each case in compliance with the provisions of Section 8.2 or covenant defeasance occurs under Article XII 8.3 hereof, as applicable, and an Opinion of the Indenture with respect Counsel stating that all conditions precedent to the Secured Notesexecution and delivery of such notice by the Trustee have been satisfied, the Trustee shall deliver to the Company and the First Lien Notes Collateral Agent Agents a notice notice, in form reasonably satisfactory to the Notes Collateral Agents, stating that the Trustee, on behalf of the Holders of the Secured NotesHolders, disclaims and gives up any and all rights it has in or to the Collateral solely on behalf of the Holders of the Notes without representation, warranty or recourse (other than with respect to funds held by the Secured NotesTrustee pursuant to Section 8.2 or 8.3 hereof, as applicable), and any rights it has under the Secured Notes, Collateral Documents solely on behalf of the Holders of the Notes and upon receipt by the First Lien Notes Collateral Agent Agents of such notice, the First Lien Notes Collateral Agent Agents shall be deemed not to hold a lien Lien in the Collateral with respect to the Secured Notes on behalf of the Trustee and shall (or shall direct the First Lien Collateral Agent to) execute and deliver all documents and do or cause to be done (at the expense of the Company) all acts reasonably necessary requested by the Company to release release, without recourse, representation or warranty of any kind, and discharge such lien, with respect to the Secured Notes, Lien as soon as is reasonably practicable.

Release Upon Termination of the Company’s Obligations. In the event that (i) the Company delivers to the Trustee, in form and substance acceptable to it, an Officer’s Certificate and Opinion of Counsel certifying that all the Obligations under the Secured Notes have been satisfied and discharged by the payment in full of the Company’s obligations under the Secured Notes, and all such Obligations have been so satisfied, or (ii) a discharge, legal defeasance or covenant defeasance occurs under Article XII XIII of the Indenture with respect to the Secured Notes, the Trustee shall deliver to the Company and the First Lien Collateral Agent a notice stating that the Trustee, on behalf of the Holders of the Secured Notes, disclaims and gives up any and all rights it has in or to the Collateral with respect the Secured Notes, and any rights it has under the Secured Notes, and upon receipt by the First Lien Collateral Agent of such notice, the First Lien Collateral Agent shall be deemed not to hold a lien in the Collateral with respect to the Secured Notes on behalf of the Trustee and shall (or shall direct the First Lien Collateral Agent to) do or cause to be done all acts reasonably necessary to release such lien, with respect to the Secured Notes, as soon as is reasonably practicable.

Release Upon Termination of the Company’s Obligations. In the event that (i) the Company delivers to the Trustee, in form and substance acceptable to it, an Officer’s Certificate and Opinion of Counsel certifying that all the Obligations under the any series of Secured Notes have been satisfied and discharged by the payment in full of the Company’s obligations under the such series of Secured Notes, and all such Obligations have been so satisfied, or (ii) a discharge, legal defeasance or covenant defeasance occurs under Article XII XI of the Indenture with respect to the any series of Secured Notes, the Trustee shall deliver to the Company and the First Lien Collateral Agent a notice stating that the Trustee, on behalf of the Holders of the relevant series of Secured Notes, disclaims and gives up any and all rights it has in or to the Collateral with respect the to such series of Secured Notes, and any rights it has under the such series of Secured Notes, and upon receipt by the First Lien Collateral Agent of such notice, the First Lien Collateral Agent shall be deemed not to hold a lien in the Collateral with respect to the such series of Secured Notes on behalf of the Trustee and shall (or shall direct the First Lien Collateral Agent to) do or cause to be done all acts reasonably necessary to release such lien, with respect to the such series of Secured Notes, as soon as is reasonably practicable.