Specified Releases of Collateral. (a) The Issuers shall be entitled to obtain a full release of items of Collateral (the "RELEASED INTERESTS") from the Security Interests created by this Indenture, the Notes and the Collateral Agreements upon compliance with the conditions precedent set forth in SECTIONS 4.16, 8.01 OR 8.02 of this Indenture, the applicable Collateral Agreements and to the extent applicable, the Intercreditor Agreement. So long as no Default or Event of Default exists, upon the request of the Issuers and the furnishing of each of the items required by SECTION 12.05(b), the Collateral Agent upon the direction of the Trustee (or the Trustee if acting as Collateral Agent) shall forthwith take such action (at the request of and the expense of the Issuers, without recourse or warranty and without any representation of any kind), including the execution of appropriate UCC-3 termination statements, to release and reconvey to the Issuers all of the Released Interests, and shall deliver such Released Interests in its possession to the Issuers and their applicable Subsidiary Guarantors.
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Samples: Hockey Co
Specified Releases of Collateral. (a) The Issuers Company shall be entitled to obtain a full release of items of Collateral (the "RELEASED INTERESTSReleased Interests") from the Security Interests created by this Indenture, the Notes Indenture and the Collateral Agreements upon compliance with the conditions precedent set forth in SECTIONS 4.16Sections 4.6, 8.01 OR 8.02 8.1 or 8.2 of this Indenture, the applicable Collateral Agreements and to the extent applicable, the Intercreditor Agreement. So long as no Default or Event of Default exists, upon the request of the Issuers Company and the furnishing of each of the items required by SECTION 12.05(bSection 10.5(b), the Collateral Agent upon the direction of the Trustee (or the Trustee if acting as Collateral Agent) shall forthwith take such all necessary action (at the request of and the expense of the IssuersCompany, without recourse or warranty and without any representation of any kind), including the execution delivery of appropriate UCC-3 termination statements (and authorization to file such termination statements) or any other filing required to be made, to release and reconvey to the Issuers Company all of the Released Interests, and shall deliver such Released Interests in its possession to the Issuers Company and their the applicable Subsidiary Guarantors.
Appears in 1 contract
Samples: MSX International Inc
Specified Releases of Collateral. (a) The Issuers shall be entitled to obtain a full release of items of Collateral (the "RELEASED INTERESTSReleased Interests") from the Security Interests created by this Indenture, the Notes Indenture and the Collateral Agreements upon compliance with the conditions precedent set forth in SECTIONS Sections 4.16, 8.01 OR or 8.02 of this Indenture, the applicable Collateral Agreements and to the extent applicable, the Intercreditor Agreement. So long as no Default or Event of Default exists, upon the request of the Issuers and the furnishing of each of the items required by SECTION 12.05(bSection 10.05(b), the Collateral Agent upon the direction of the Trustee (or the Trustee if acting as Collateral Agent) shall forthwith take such all necessary action (at the request of and the expense of the Issuers, without recourse or warranty and without any representation of any kind), including the execution delivery of appropriate UCC-3 termination statements (and authorization to file such termination statements) or any other filing required to be made, to release and reconvey to the Issuers all of the Released Interests, and shall deliver such Released Interests in its possession to the Issuers and their the applicable Subsidiary Guarantors.
Appears in 1 contract
Specified Releases of Collateral. (a) The Issuers shall be entitled to obtain a full release of items of Collateral (the "RELEASED INTERESTSReleased Interests") from the Security Interests created by this Indenture, the Notes and the Collateral Agreements upon compliance with the conditions precedent set forth in SECTIONS 4.16, Sections 8.01 OR or 8.02 of this Indenture, the applicable Collateral Agreements and to the extent applicable, the Intercreditor Agreement. So long as no Default or Event of Default exists, upon the request of the Issuers and the furnishing of each of the items required by SECTION Section 12.05(b), the Collateral Agent upon the direction of the Trustee (or the Trustee if acting as Collateral Agent) shall forthwith take such action (at the request of and the expense of the Issuers, without recourse or warranty and without any representation of any kind), including the execution of appropriate UCC-3 termination statements, to release and reconvey to the Issuers all of the Released Interests, and shall deliver such Released Interests in its possession to the Issuers and their applicable Subsidiary Guarantors.
Appears in 1 contract
Samples: Third Supplemental Indenture (Reebok International LTD)
Specified Releases of Collateral. (a) The Issuers Company shall be entitled to obtain a full release of items of Collateral (the "RELEASED INTERESTS"“Released Interests”) from the Security Interests created by this Indenture, the Notes Indenture and the Collateral Agreements upon compliance with the conditions precedent set forth in SECTIONS 4.16Sections 4.15, 8.01 OR or 8.02 of this Indenture, the applicable Collateral Agreements and to the extent applicable, the Intercreditor Agreement. So long as no Default or Event of Default exists, upon the request of the Issuers Company and the furnishing of each of the items required by SECTION 12.05(bSection 10.05(b), the Collateral Agent upon the direction of the Trustee (or the Trustee if acting as Collateral Agent) shall forthwith take such all necessary action (at the request of and the expense of the IssuersCompany, without recourse or warranty and without any representation of any kind), including the execution delivery of appropriate UCC-3 termination statements (and authorization to file such termination statements), to release and reconvey to the Issuers Company all of the Released Interests, and shall deliver such Released Interests in its possession to the Issuers Company and their its applicable Subsidiary Guarantors.
Appears in 1 contract
Samples: Registration Rights Agreement (New World Restaurant Group Inc)
Specified Releases of Collateral. (a) The Issuers Company shall be entitled to obtain a full release of items of Collateral (the "RELEASED INTERESTSReleased Interests") from the Security Interests created by this Indenture, the Notes and the Collateral Agreements upon compliance with the conditions precedent set forth in SECTIONS 4.16Sections 4.15, 8.01 OR or 8.02 of this Indenture, the applicable Collateral Agreements and to the extent applicable, the Intercreditor Agreement. So long as no Default or Event of Default exists, upon the request of the Issuers Company and the furnishing of each of the items required by SECTION 12.05(bSection 10.05(b), the Collateral Agent upon the direction of the Trustee (or the Trustee if acting as Collateral Agent) shall forthwith take such all necessary action (at the request of and the expense of the IssuersCompany, without recourse or warranty and without any representation of any kind), including the execution of appropriate UCC-3 termination statements, to release and reconvey to the Issuers Company all of the Released Interests, and shall deliver such Released Interests in its possession to the Issuers Company and their its applicable Subsidiary Guarantors.
Appears in 1 contract
Samples: Registration Rights Agreement (New World Coffee Manhattan Bagel Inc)