Common use of Specified Releases of Collateral Clause in Contracts

Specified Releases of Collateral. Subject to Section 12.04, Collateral may be released from the Lien and security interest created by the Security Documents at any time or from time to time in accordance with the provisions of the Collateral Agreements, including the Intercreditor Agreement, or as provided hereby. Upon the request of the Company pursuant to an Officers’ Certificate certifying that all conditions precedent hereunder have been met and without the consent of any Holder, the Company and the Guarantors will be entitled to releases of assets included in the Collateral from the Liens securing the obligations under the Notes and the Guarantees under any one or more of the following circumstances:

Appears in 2 contracts

Samples: Indenture, (Broadview Networks Holdings Inc), Indenture, (BRPP LLC)

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Specified Releases of Collateral. Subject to Section 12.0412.03, Collateral may be released from the Lien and security interest created by the Security Documents Collateral Agreements at any time or from time to time in accordance with the provisions of the Collateral Agreements, including the Intercreditor Agreement, or as provided hereby. Upon the request of the Company pursuant to an Officers’ Certificate certifying that all conditions precedent hereunder have been met and without the consent of any Holder, the Company and the Guarantors will be entitled to releases of assets included in the Collateral from the Liens securing the obligations under the Notes and the Guarantees under any one or more of the following circumstances:

Appears in 2 contracts

Samples: Indenture, (Kratos Defense & Security Solutions, Inc.), Indenture (Edgen Louisiana CORP)

Specified Releases of Collateral. Subject to Section 12.04, Collateral may be released from the Lien and security interest created by the Security Documents Collateral Agreements at any time or from time to time in accordance with the provisions of the Collateral Agreements, including the Intercreditor Agreement, Agreement or as provided hereby. Upon the request of the Company pursuant to an Officers’ Certificate certifying that all conditions precedent hereunder or under the applicable Collateral Agreement have been met and without the consent of any Holder, the Company and the Guarantors will be entitled to releases of assets included in the Collateral from the Liens securing the obligations under the Notes and the Guarantees under any one or more of the following circumstances:

Appears in 2 contracts

Samples: McLeodUSA Holdings Inc, McLeodusa Inc

Specified Releases of Collateral. Subject to Section 12.04, (a) Collateral may be released from the Lien and security interest created by the Security Collateral Documents at any time or from time to time in accordance with the provisions of the Collateral Agreements, including Documents and the Intercreditor Agreement, Agreement or as provided herebyin this Indenture. Upon the request of the Company pursuant Company, whether prior to an Officers’ Certificate certifying that all conditions precedent hereunder have been met and without or after the consent Discharge of any HolderFirst Priority Claims, the Company and the Guarantors will be entitled to releases of assets included in the Collateral from the Liens securing the obligations Obligations under the Notes and the Guarantees Note Guarantees, and the Collateral Agent shall release the same from such Liens, under any one or more of the following circumstances:

Appears in 2 contracts

Samples: Intercreditor Agreement (CPM Holdings, Inc.), CPM Holdings, Inc.

Specified Releases of Collateral. Subject to Section 12.04, Collateral may be released from the Lien and security interest created by the Security Documents Collateral Agreements at any time or from time to time in accordance with the provisions of the Collateral Agreements, including Agreements and the Intercreditor Agreement, or as provided hereby. Upon the request of the Company pursuant to an Officers’ Certificate certifying that all conditions precedent hereunder have been met and without the consent of any Holder, the Company and the Guarantors will shall be entitled to releases of assets included in the Collateral from the Liens securing the obligations under the Notes and the Guarantees under any one or more of the following circumstances:

Appears in 1 contract

Samples: Registration Rights Agreement (Broadview Networks Holdings Inc)

Specified Releases of Collateral. Subject to Section 12.0412.03, Collateral may be released from the Lien and security interest created by the Security Documents at any time or from time to time in accordance with the provisions of the Collateral Agreements, including the Intercreditor Agreement, or as provided hereby. Upon the request of the Company pursuant to an Officers’ Certificate certifying that all conditions precedent hereunder have been met and without the consent of any Holder, the Company and the Guarantors will be entitled to releases of assets included in the Collateral from the Liens securing the obligations under the Notes and the Guarantees under any one or more of the following circumstances:

Appears in 1 contract

Samples: Indenture, (Sand Springs Railway CO)

Specified Releases of Collateral. Subject to Section 12.0413.03, Collateral may be released from the Lien and security interest created by the Security Documents Collateral Agreements at any time or from time to time in accordance with the provisions of the Collateral Agreements, including Agreements and the Intercreditor Agreement, or as provided hereby. Upon the request of the Company pursuant to an Officers’ Certificate and an Opinion of Counsel certifying that all conditions precedent hereunder have been met and without the consent of any Holder, the Company and the Guarantors will be entitled to releases of assets included in the Collateral from the Liens securing the obligations under the Notes and the Guarantees under any one or more of the following circumstances:

Appears in 1 contract

Samples: North American (Griffiths Pile Driving Inc)

Specified Releases of Collateral. Subject to Section 12.04, Collateral may be released from the Lien and security interest created by the Security Documents Collateral Agreements at any time or from time to time in accordance with the provisions of the Collateral Agreements, including the Intercreditor Agreement, or as provided hereby. Upon the request of the Company pursuant to an Officers' Certificate certifying that all conditions precedent hereunder have been met and without the consent of any Holder, the Company and the Guarantors will be entitled to releases of assets included in the Collateral from the Liens securing the obligations under the Notes and the Guarantees under any one or more of the following circumstances:

Appears in 1 contract

Samples: Article Twelve Agreement (American Rock Salt Co LLC)

Specified Releases of Collateral. Subject to Section 12.0412.03, Collateral may be released from the Lien and security interest created by the Security Documents at any time or from time to time in accordance with the provisions of the Collateral Agreements, including Agreements and the Intercreditor Agreement, or as provided hereby. Upon the request of the Company pursuant to an Officers’ Certificate and an Opinion of Counsel certifying that all conditions precedent hereunder have been met and without the consent of any Holder, the Company and the Guarantors will be entitled to releases of assets included in the Collateral from the Liens securing the obligations under the Notes and the Guarantees under any one or more of the following circumstances:

Appears in 1 contract

Samples: Indenture (CitiSteel PA, Inc.)

Specified Releases of Collateral. (a) Subject to Section 12.0412.03, Collateral may be released from the Lien and security interest created by the Security Collateral Documents at any time or from time to time in accordance with the provisions of the Collateral Agreements, including the Intercreditor AgreementDocuments, or as provided hereby. Upon the request of the Company pursuant to an Officers’ Certificate certifying that all conditions precedent hereunder have been met and without the consent of any Holder, the Company and the Guarantors will be entitled to releases of assets included in the Collateral from the Liens securing the obligations under the Notes and the Note Guarantees under any one or more of the following circumstances:

Appears in 1 contract

Samples: Intercreditor Agreement (Green Field Energy Services, Inc.)

Specified Releases of Collateral. Subject to Section 12.0411.03, Collateral may be released from the Lien and security interest created by the Security Documents at any time or from time to time in accordance with the provisions of the Collateral Agreements, including Agreements and the Intercreditor Agreement, or as provided hereby. Upon the request of the Company pursuant to an Officers’ Certificate and an Opinion of Counsel certifying that all conditions precedent hereunder have been met and without the consent of any Holder, the Company and the Guarantors will be entitled to releases of assets included in the Collateral from the Liens securing the obligations under the Notes and the Guarantees under any one or more of the following circumstances:

Appears in 1 contract

Samples: Indenture (Claymont Steel Holdings, Inc.)

Specified Releases of Collateral. Subject to Section 12.0412.03, Collateral may be released from the Lien and security interest created by the Security Documents at any time or from time to time in accordance with the provisions of the Collateral Agreements, including the Intercreditor Agreement, or as provided hereby. Upon the request of the Company pursuant to an Officers’ Certificate certifying certifying, and an Opinion of Counsel stating, that all conditions precedent hereunder have been met and without the consent of any Holder, the Company and the Guarantors will be entitled to releases of assets included in the Collateral from the Liens securing the obligations under the Notes and the Guarantees under any one or more of the following circumstances:

Appears in 1 contract

Samples: Indenture, (Boston Gear LLC)

Specified Releases of Collateral. Subject to Section 12.04, Collateral may be released from the Lien and security interest created by the Security Documents Collateral Agreements at any time or from time to time in accordance with the provisions of the Collateral Agreements, including the Intercreditor Agreement, Agreements or as provided hereby. Upon the request of the Company pursuant to an Officers' Certificate certifying that all conditions precedent hereunder have been met and without the consent of any Holder, the Company and the Guarantors will be entitled to releases of assets included in the Collateral from the Liens securing the obligations under the Notes and the Guarantees under any one or more of the following circumstances:

Appears in 1 contract

Samples: Article Twelve Agreement (Dune Energy Inc)

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Specified Releases of Collateral. Subject to Section 12.0412.03, Collateral may be released from the Lien and security interest created by the Security Documents Collateral Agreements at any time or from time to time in accordance with the provisions of the Collateral Agreements, including the Intercreditor Agreement, or as provided hereby. Upon the request of the Company Issuer pursuant to an Officers’ Certificate certifying that all conditions precedent hereunder have been met and without the consent of any Holder, the Company Issuer and the Guarantors will be entitled to releases of assets included in the Collateral from the Liens securing the obligations under the Notes and the Guarantees under any one or more of the following circumstances:

Appears in 1 contract

Samples: Intercreditor and Subordination Agreement (Edgen Murray PLC)

Specified Releases of Collateral. Subject to Section 12.04, Collateral may be released from the Lien and security interest created by the Security Documents at any time or from time to time in accordance with the provisions of the Collateral Agreements, including the Intercreditor Agreement, or as provided hereby. Upon upon the request of the Company pursuant to an Officers’ Certificate certifying that all conditions precedent hereunder and under the Collateral Agreements have been met and without the consent of any Holder, the Company and the Guarantors will be entitled to releases of assets included in the Collateral from the Liens securing created by the obligations under the Notes and the Guarantees Collateral Documents under any one or more of the following circumstances:

Appears in 1 contract

Samples: Indenture (Energy Partners LTD)

Specified Releases of Collateral. Subject to Section 12.0412.03, Collateral may be released from the Lien and security interest created by the Security Documents at any time or from time to time in accordance with the provisions of the Collateral Agreements, including the Intercreditor Agreement, or as provided hereby. Upon the request of the Company Issuer pursuant to an Officers’ Certificate certifying certifying, and an Opinion of Counsel stating, that all conditions precedent hereunder have been met and without the consent of any Holder, the Company Issuer and the Guarantors will be entitled to releases of assets included in the Collateral from the Liens securing the obligations under the Notes and the Guarantees under any one or more of the following circumstances:

Appears in 1 contract

Samples: Indenture (Verrazano,inc.)

Specified Releases of Collateral. Subject to Section 12.04, Collateral may be released from the Lien and security interest created by the Security Documents at any time or from time to time in accordance with the provisions of the Collateral Agreements, including the Intercreditor Agreement, or as provided hereby. Upon the request of the Company pursuant to an Officers' Certificate certifying that all conditions precedent hereunder have been met and without the consent of any Holder, the Company and the Guarantors will be entitled to releases of assets included in the Collateral from the Liens securing the obligations under the Notes and the Guarantees under any one or more of the following circumstances:

Appears in 1 contract

Samples: Indenture (Eschelon Telecom Inc)

Specified Releases of Collateral. Subject to Section 12.04, Collateral may be released from the Lien and security interest created by the Security Documents Collateral Agreements at any time or from time to time in accordance with the provisions of the Collateral Agreements, including the Intercreditor Agreement, Agreements or as provided hereby. Upon the request of the Company pursuant to an Officers’ Certificate certifying that all conditions precedent hereunder have been met and without the consent of any Holder, the Company and the Guarantors will be entitled to releases of assets included in the Collateral from the Liens securing the obligations under the Notes and the Guarantees under any one or more of the following circumstances:

Appears in 1 contract

Samples: Indenture (Dune Energy Inc)

Specified Releases of Collateral. (a) Subject to Section 12.0412.03, Collateral may be released from the Lien and security interest created by the Security Documents Collateral Agreements at any time or from time to time in accordance with the provisions of the Collateral Agreements, including the Intercreditor Agreement, or as provided hereby. Upon the request of the Company pursuant to an Officers’ Certificate certifying that all conditions precedent hereunder have been met and without the consent of any Holder, the Company and the Guarantors will be entitled to releases of assets included in the Collateral from the Liens securing the obligations under the Notes and the Guarantees under any one or more of the following circumstances:.

Appears in 1 contract

Samples: Security Agreement (Portrait Corp of America, Inc.)

Specified Releases of Collateral. Subject to Section 12.0413.03 hereof, Collateral may be released from the Lien and security interest created by the Security Collateral Documents at any time or from time to time in accordance with the provisions of the Collateral Agreements, including the Intercreditor AgreementDocuments, or as provided hereby. Upon the request of the Company pursuant to an Officers’ Officer’s Certificate certifying and receipt of an Opinion of Counsel, in each case, stating that all conditions precedent hereunder have been met and without the consent of any Holder, the Company and the Guarantors will be entitled to releases of assets included in the Collateral from the Liens securing the obligations under the Notes and the Note Guarantees under any one or more of the following circumstances:

Appears in 1 contract

Samples: Indenture (Castle a M & Co)

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