Common use of Termination; Release of Collateral Clause in Contracts

Termination; Release of Collateral. (a) Any Lien upon any Collateral will be released (i) automatically, if the Collateral constitutes property being sold, transferred or disposed of in a Permitted Disposition upon receipt by the Administrative Agent of the Net Proceeds thereof to the extent required by the Credit Agreement; or (ii) upon request of the Lead Borrower, constituting DDA or Blocked Accounts closed by the Loan Parties pursuant to Section 2.18(f) of the Credit Agreement subject to compliance by the Loan Parties with all of the terms and conditions of Section 2.18 of the Credit Agreement.

Termination; Release of Collateral. (a) Any Lien upon any Collateral and/or Xxxxxxxx Collateral will be released (i) automatically, automatically if the Collateral and/or Xxxxxxxx Collateral constitutes property being sold, transferred or disposed of to a Person that is not a Grantor in a Permitted Disposition an Asset Sale permitted under the Credit Agreement upon receipt by the Administrative Agent of the Net Proceeds thereof to the extent required by the Credit Agreement; or (ii) upon request of Agreement and in the Lead Borrower, constituting DDA or Blocked Accounts closed by the Loan Parties pursuant to other circumstances contemplated in Section 2.18(f) of the Credit Agreement subject to compliance by the Loan Parties with all of the terms and conditions of Section 2.18 9.10 of the Credit Agreement.

Termination; Release of Collateral. (a) Any Lien (a) Upon any disposition of Collateral in connection with any disposition permitted under the Credit Agreement or any other Loan Document (other than a sale or transfer to a Grantor), or upon the effectiveness of any written consent to the release of the security interest granted hereby in any Collateral will be released (i) automatically, if the Collateral constitutes property being sold, transferred or disposed of in a Permitted Disposition upon receipt by the Administrative Agent of the Net Proceeds thereof to the extent required by the Credit Agreement; or (ii) upon request of the Lead Borrower, constituting DDA or Blocked Accounts closed by the Loan Parties pursuant to Section 2.18(f) of the Credit Agreement subject to compliance by the Loan Parties with all of the terms and conditions of Section 2.18 9.2 of the Credit Agreement, the security interest in such Collateral shall be automatically released.

Termination; Release of Collateral. (a) Any Lien upon any Collateral and/or Xxxxxxxx Collateral will be released (i) automatically, automatically if the Collateral and/or Xxxxxxxx Collateral constitutes property being sold, transferred or disposed of in a Permitted Disposition sale, transfer or other disposition not prohibited under Section 4.11 of the Indenture upon receipt by the Administrative Collateral Agent of the Net Proceeds thereof to the extent required by the Credit Agreement; or (ii) upon request Indenture and in the other circumstances contemplated in Section 11.04 of the Lead Borrower, constituting DDA or Blocked Accounts closed by the Loan Parties pursuant to Section 2.18(f) of the Credit Agreement subject to compliance by the Loan Parties with all of the terms and conditions of Section 2.18 of the Credit AgreementIndenture.

Termination; Release of Collateral. (a) Any Lien upon any Collateral and/or Xxxxxxxx Collateral will be released (i) automatically, automatically if the Collateral and/or Xxxxxxxx Collateral constitutes property being sold, transferred or disposed of in a Permitted Disposition an Asset Sale permitted under the Credit Agreement upon receipt by the Administrative Agent of the Net Proceeds thereof to the extent required by the Credit Agreement; or (ii) upon request of Agreement and in the Lead Borrower, constituting DDA or Blocked Accounts closed by the Loan Parties pursuant to other circumstances contemplated in Section 2.18(f) of the Credit Agreement subject to compliance by the Loan Parties with all of the terms and conditions of Section 2.18 9.10 of the Credit Agreement.

Termination; Release of Collateral. (a) Any Lien upon any Collateral and/or Xxxxxxxx Collateral will be released (i) automatically, if the Collateral and/or Xxxxxxxx Collateral constitutes property being sold, transferred or disposed of in a Permitted Disposition Asset Sale permitted under the Credit Agreement upon receipt by the Administrative Agent of the Net Proceeds thereof to the extent required by the Credit Agreement; or (ii) upon request of the Lead Borrower, constituting DDA or Blocked Accounts closed by the Loan Parties pursuant to Section 2.18(f) of the Credit Agreement subject to compliance by the Loan Parties with all of the terms and conditions of Section 2.18 of the Credit Agreement.