Releases of Collateral. If any Collateral shall be sold, transferred or otherwise disposed of by any Grantor in a transaction permitted by the Credit Agreement, then the Administrative Agent, at the request and sole expense of such Grantor, shall promptly execute and deliver to such Grantor all releases and other documents, and take such other action, reasonably necessary for the release of the Liens created hereby or by any other Collateral Document on such Collateral.
Appears in 5 contracts
Samples: Security Agreement (Scholastic Corp), Security and Pledge Agreement (Usana Health Sciences Inc), Security Agreement (Monster Worldwide, Inc.)
Releases of Collateral. If any Collateral shall be sold, transferred or otherwise disposed of by any Grantor in a transaction permitted by the Credit Agreement, then the Administrative Agent, at the request and sole expense of such Grantor, shall promptly execute and deliver to such Grantor all releases and other documents, documents and take such other action, reasonably necessary for the release of the Liens created hereby or by any other Collateral Document on such Collateral.
Appears in 2 contracts
Samples: Security Agreement (Venus Concept Inc.), Security Agreement (Veracyte, Inc.)
Releases of Collateral. If any Collateral shall be sold, transferred or otherwise disposed of by any Grantor in a transaction permitted by the Credit Agreement, then the Administrative Agent, at the request and sole expense of such Grantor, shall promptly execute and deliver to such Grantor all releases releases, UCC termination statements and other documents, and take such other action, reasonably necessary for the termination and release of the Liens created hereby or by any other Collateral Document on such Collateral.
Appears in 2 contracts
Samples: Security Agreement (Amedisys Inc), Security Agreement (Amedisys Inc)
Releases of Collateral. If any Collateral shall be sold, transferred or otherwise disposed of by any Grantor in a transaction permitted by the Credit Agreement, then the Administrative Collateral Agent, at the request and sole expense of such Grantor, shall promptly execute and deliver to such Grantor all releases and other documents, and take such other action, reasonably necessary for the release of the Liens created hereby or by any other Collateral Security Document on such Collateral.
Appears in 2 contracts
Samples: Second Lien Credit Agreement (Trinet Group Inc), First Lien Credit Agreement (Trinet Group Inc)
Releases of Collateral. (i) If any Collateral shall be sold, transferred or otherwise disposed of by any Grantor in a transaction permitted by the Credit Agreement, then the Administrative Collateral Agent, at the request and sole expense of such Grantor, shall promptly execute and deliver to such Grantor all releases and other documents, and take such other action, reasonably necessary for the release of the Liens created hereby or by any other Collateral Document on such Collateral.
Appears in 1 contract
Samples: Credit Agreement (Advanced Emissions Solutions, Inc.)
Releases of Collateral. If any Collateral shall be sold, transferred or otherwise disposed of by any Grantor in a transaction permitted by the Credit Agreement, then the Liens and security interests of the Administrative Agent hereunder with respect to such Collateral shall automatically terminate, and the Administrative Agent, at the request and sole expense of such Grantor, shall promptly execute and deliver to such Grantor all releases and other documents, documents and take such other action, reasonably necessary for to evidence the release of the Liens created hereby or by any other Collateral Document on such Collateral.
Appears in 1 contract
Samples: Security Agreement (Establishment Labs Holdings Inc.)
Releases of Collateral. If any Collateral shall be sold, transferred or otherwise disposed of by any Grantor in a transaction permitted by the Credit Agreement, then or, if at the request of any Grantor the release of any Collateral shall be approved by the Required Lenders in accordance with Section 11.01 of the Credit Agreement, then, in each case, the Administrative Agent, at the request and sole expense of such Grantor, shall promptly execute and deliver to such Grantor all releases and other documents, and take such other action, reasonably necessary for the release of the Liens created hereby or by any other Collateral Document on such Collateral.
Appears in 1 contract
