Common use of Specified Releases of Collateral Clause in Contracts

Specified Releases of Collateral. (a) Notwithstanding anything to the contrary in Section 12.03 hereof, Collateral may be released from the Lien and security interest created by the Collateral Agreements at any time or from time to time in accordance with the provisions of the Collateral Agreements, including any Intercreditor Agreement, or as provided hereby. Upon the request of the Issuer pursuant to an Officers’ Certificate certifying, and an Opinion of Counsel stating, that all conditions precedent hereunder have been met and without the consent of any Holder, the Issuer and the Guarantors will be entitled to releases of assets included in the Collateral from the Liens securing the obligations under this Indenture, the Notes and the Note Guarantees, and the Collateral Agent shall release the same from such Liens, under any one or more of the following circumstances:

Appears in 4 contracts

Samples: Notes Purchase Agreement (Forbes Energy Services Ltd.), Indenture (Forbes Energy Services Ltd.), Notes Purchase Agreement (Forbes Energy Services Ltd.)

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Specified Releases of Collateral. (a) Notwithstanding anything to the contrary in Section 12.03 hereof12.03, Collateral may be released from the Lien and security interest created by the Collateral Agreements at any time or from time to time in accordance with the provisions of the Collateral Agreements, including any Intercreditor Agreement, or as provided hereby. Upon the request of the Issuer pursuant to an Officers’ Certificate certifying, and an Opinion of Counsel stating, that all conditions precedent hereunder have been met and without the consent of any Holder, the Issuer and the Guarantors will be entitled to releases of assets included in the Collateral from the Liens securing the obligations under this Indenture, the Notes and the Note Guarantees, and the Collateral Agent shall release the same from such Liens, under any one or more of the following circumstances:

Appears in 3 contracts

Samples: Indenture (Forbes Energy Services Ltd.), Indenture (Forbes Energy Services Ltd.), Indenture (Forbes Energy Services LLC)

Specified Releases of Collateral. (a) Notwithstanding anything a. Subject to the contrary in Section 12.03 13.03 hereof, Collateral may be released from the Lien and security interest created by the Collateral Agreements Documents at any time or from time to time in accordance with the provisions of the Collateral Agreements, including any Intercreditor AgreementDocuments, or as provided hereby. Upon the request of the Issuer Company pursuant to an Officers’ Certificate certifying, and receipt of an Opinion of Counsel statingCounsel, in each case, stating that all conditions precedent hereunder have been met and without the consent of any Holder, the Issuer Company and the Guarantors will be entitled to releases of assets included in the Collateral from the Liens securing the obligations under this Indenture, the Notes and the Note Guarantees, and the Collateral Agent shall release the same from such Liens, Guarantees under any one or more of the following circumstances:

Appears in 1 contract

Samples: Indenture (Castle a M & Co)

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Specified Releases of Collateral. (a) Notwithstanding anything Subject to the contrary in Section 12.03 13.03 hereof, Collateral may be released from the Lien and security interest created by the Collateral Agreements Documents at any time or from time to time in accordance with the provisions of the Collateral Agreements, including any Intercreditor AgreementDocuments, or as provided hereby. Upon the request of the Issuer Company pursuant to an Officers’ Certificate certifying, and receipt of an Opinion of Counsel statingCounsel, in each case, stating that all conditions precedent hereunder have been met and without the consent of any Holder, the Issuer Company and the Guarantors will be entitled to releases of assets included in the Collateral from the Liens securing the obligations under this Indenture, the Notes and the Note Guarantees, and the Collateral Agent shall release the same from such Liens, Guarantees under any one or more of the following circumstances:

Appears in 1 contract

Samples: Supplemental Indenture (Castle a M & Co)

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