Common use of Trust Indenture Act Requirements Clause in Contracts

Trust Indenture Act Requirements. The release of any Collateral from any of the Security Documents or the release of, in whole or in part, the Liens created by any of the Security Documents, will not be deemed to impair the Lien of the Security Documents in contravention of the provisions hereof if and to the extent the Collateral or Liens are released pursuant to the terms of the Security Documents. The Trustee and each of the Holders acknowledge that a release of Collateral or Liens strictly in accordance with the terms of the Security Documents and the terms hereof will not be deemed for any purpose to be an impairment of the Liens created pursuant to the Security Documents in contravention of the terms of this Indenture. Without limitation, the Company and each other Indenture Obligor on the Securities shall cause Section 314(d) of the Trust Indenture Act relating to the release of property or securities from the Liens of the Security Documents to be complied with. Any certificate or opinion required by Section 314(d) of the Trust Indenture Act may be made by an officer of PCI, the Company or any Guarantor, as the case may be, except in cases where Section 314(d) of the Trust Indenture Act requires that such certificate or opinion be made by an independent person.

Trust Indenture Act Requirements. The release of any Collateral from the Lien of any of the Security Documents or the release of, in whole or in part, the Liens created by any of the Security Documents, Documents will not be deemed to impair the Lien of the Security Documents security interests in contravention of the provisions hereof if and to the extent the Collateral or Liens are released pursuant to the applicable Security Documents and pursuant to the terms of the Security Documentshereof. The Trustee and each of the Holders acknowledge that a release of Collateral or Liens strictly in accordance with the terms of the Security Documents and the terms hereof will not be deemed for any purpose to be an impairment of the Liens created pursuant to the Security Documents Interests in contravention of the terms of this Indenture. Without To the extent applicable following the qualification of this Indenture under the TIA, without limitation, the Company and each other Indenture Obligor on the Securities shall cause Section Guarantors will comply with TIA section 314(d) of the Trust Indenture Act relating to the release of property or securities from the Liens hereof and of the Security Documents to be complied withDocuments. Any certificate or opinion required by TIA Section 314(d) of the Trust Indenture Act may be made by an officer Officer of PCI, the Company or any Guarantor, as the case may beCompany, except in cases where in which TIA Section 314(d) of the Trust Indenture Act requires that such certificate or opinion be made by an independent personPerson.

Trust Indenture Act Requirements. The release of any Collateral from the Lien of any of the Security Documents or the release of, in whole or in part, the Liens created by any of the Security Documents, Documents will not be deemed to impair the Lien of the Security Documents security interests in contravention of the provisions hereof if and to the extent the Collateral or Liens are released pursuant to the applicable Security Documents and pursuant to the terms of the Security Documentshereof. The Trustee and each of the Holders acknowledge that a release of Collateral or Liens strictly in accordance with the terms of the Security Documents and the terms hereof will not be deemed for any purpose to be an impairment of the Liens created pursuant to the Security Documents Interests in contravention of the terms of this Indenture. Without To the extent applicable following the qualification of this Indenture under the Trust Indenture Act, without limitation, the Company and each other the Guarantors will comply with Trust Indenture Obligor on the Securities shall cause Act Section 313(b), relating to reports, and with Trust Indenture Act Section 314(d) of the Trust Indenture Act relating to the release or substitution therefor of property or securities from the Liens hereof and of the Security Documents to be complied withDocuments. Any certificate or opinion required by Trust Indenture Act Section 314(d) of the Trust Indenture Act may be made by an officer Officer of PCI, the Company or any Guarantor, as the case may beCompany, except in cases where in which Trust Indenture Act Section 314(d) of the Trust Indenture Act requires that such certificate or opinion be made by an independent personPerson.

Trust Indenture Act Requirements. The release of any Collateral Collateral, whether pursuant to Article Eleven or Twelve, from the Lien of any of the Security Documents or the release of, in whole or in part, the Liens created by any of the Security Documents, will not be deemed to impair the Lien of the Security Documents Interests in contravention of the provisions hereof if and to the extent the Collateral or Liens are released pursuant to the applicable Security Documents and pursuant to the terms of the Security Documentshereof. The Trustee and each Each of the Holders acknowledge acknowledges that a release of Collateral or Liens strictly in accordance with the terms of the Security Documents and the terms hereof will not be deemed for any purpose to be an impairment of the Liens created pursuant to the Security Documents Interests in contravention of the terms of this Indenture. Without limitation, the Company and each other Following qualification of this Indenture Obligor on the Securities shall cause Section 314(d) of under the Trust Indenture Act, the Co-Issuers and the Mortgaged Vessel Guarantors shall cause Trust Indenture Act § 314(d) relating to the release of property or securities from the Liens hereof and of the Security Documents to be complied with. Any certificate or opinion required by Section 314(d) of the Trust Indenture Act § 314(d) may be made by an officer Officer of PCI, the Company or any Guarantor, as the case may beCo-Issuers, except in cases where Section 314(d) of the in which Trust Indenture Act § 314(d) requires that such certificate or of opinion be made by an independent personPerson.

Trust Indenture Act Requirements. The release of any Collateral from the Lien of any of the Security Documents or the release of, in whole or in part, the Liens created by any of the Security Documents, Documents will not be deemed to impair the Lien of the Security Documents security interests in contravention of the provisions hereof if and to the extent the Collateral or Liens are released pursuant to the applicable Security Documents and pursuant to the terms of the Security Documentshereof. The Trustee and each of the Holders acknowledge that a release of Collateral or Liens strictly in accordance with the terms of the Security Documents and the terms hereof will not be deemed for any purpose to be an impairment of the Liens created pursuant to the Security Documents Interests in contravention of the terms of this Indenture. Without To the extent applicable following the qualification of this Indenture under the TIA, without limitation, the Company and each other Indenture Obligor on the Securities shall cause Guarantors will comply with TIA Section 314(d) of the Trust Indenture Act relating to the release of property or securities from the Liens hereof and of the Security Documents to be complied withDocuments. Any certificate or opinion required by TIA Section 314(d) of the Trust Indenture Act may be made by an officer Officer of PCI, the Company or any Guarantor, as the case may beCompany, except in cases where in which TIA Section 314(d) of the Trust Indenture Act requires that such certificate or opinion be made by an independent personPerson.

Trust Indenture Act Requirements. The release of any Collateral from any of the Security Documents or the release of, in whole or in part, the Liens created by any of the Security Documents, will not be deemed to impair the Lien of the Security Documents in contravention of the provisions hereof if and to the extent the Collateral or Liens are released pursuant to the Security Documents and pursuant to the terms of the Security Documentshereof. The Trustee and each of the Holders acknowledge that a release of Collateral or Liens strictly in accordance with the terms of the Security Documents and the terms hereof will not be deemed for any purpose to be an impairment of the Liens created pursuant to the Security Documents in contravention of the terms of this Indenture. Without limitation, the Company Issuer and each other Indenture Obligor obligor on the Securities Notes shall cause TIA Section 314(d) of the Trust Indenture Act relating to the release of property or securities from the Liens of each hereof and of the Security Documents to be complied with. Any certificate or opinion required by TIA Section 314(d) of the Trust Indenture Act may be made by an officer Officer of PCI, the Company or any Guarantor, as the case may beIssuer, except in cases where which TIA Section 314(d) of the Trust Indenture Act requires that such certificate or opinion be made by an independent person.

Trust Indenture Act Requirements. The release of any Collateral from any of the Security Documents or the release of, in whole or in part, the Liens created by any of the Security Documents, will not be deemed to impair the Lien of the Security Documents in contravention of the provisions hereof if and to the extent the Collateral or Liens are released pursuant to the terms of the Security Documents. The Trustee and each of the Holders acknowledge that a release of Collateral or Liens strictly in accordance with the terms of the Security Documents and the terms hereof will not be deemed for any purpose to be an impairment of the Liens created pursuant to the Security Documents in contravention of the terms of this Indenture. Without limitation, the Company and each other Indenture Obligor on the Securities shall cause Trust Indenture Act, Section 314(d) of the Trust Indenture Act relating to the release of property or securities from the Liens of the Security Documents to be complied with. Any certificate or opinion required by Trust Indenture Act, Section 314(d) of the Trust Indenture Act may be made by an officer of PCI, the Company or any Guarantor, as the case may be, except in cases where Trust Indenture Act, Section 314(d) of the Trust Indenture Act requires that such certificate or opinion be made by an independent person.