Common use of Releases of Liens Clause in Contracts

Releases of Liens. The Liens created by the relevant Collateral Documents will be automatically and unconditionally released and discharged in the instances set forth in Section 9.10(b). Upon certification by the Company, the Administrative Agent, the Security Agent shall take all necessary actions, including the granting of releases or waivers under the Collateral Sharing Agreements, any Intercreditor Agreement (including any Additional Intercreditor Agreement) in any applicable jurisdiction, to effectuate any release in accordance with this Section 10.26, subject to customary protections and indemnifications to the satisfaction of the Administrative Agent, and the Security Agent.

Appears in 2 contracts

Samples: Credit Agreement (Liberty Latin America Ltd.), Additional Facility Joinder Agreement (Liberty Latin America Ltd.)

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Releases of Liens. The Liens created by the relevant Collateral Documents will be automatically and unconditionally released and discharged in the instances set forth in Section 9.10(b). Upon certification by the Company, the Administrative Agent, the Security Agent shall take all necessary actions, including the granting of releases or waivers under the Collateral Sharing Agreements, any Intercreditor Agreement (including any Additional Intercreditor Agreement) in any applicable jurisdiction, to effectuate any release in accordance with this Section 10.2610.25, subject to customary protections and indemnifications to the satisfaction of the Administrative Agent, and the Security Agent.

Appears in 2 contracts

Samples: Credit Agreement (Liberty Latin America Ltd.), Credit Agreement (Liberty Latin America Ltd.)

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Releases of Liens. The Liens created by the relevant Collateral Documents will be automatically and unconditionally released and discharged in the instances set forth in Section 9.10(b). Upon certification by the Company, the Administrative Agent, the Security Agent Trustee shall take all necessary actions, including the granting of releases or waivers under the Collateral Sharing Agreements, any Intercreditor Agreement (including any Additional Intercreditor Agreement) in any applicable jurisdiction, to effectuate any release in accordance with this Section 10.26, subject to customary protections and indemnifications to the satisfaction of the Administrative Agent, and the Security AgentTrustee.

Appears in 2 contracts

Samples: Extension Amendment (Liberty Latin America Ltd.), Additional Facility Joinder Agreement (Liberty Latin America Ltd.)

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