Common use of Trust Indenture Act Requirements Clause in Contracts

Trust Indenture Act Requirements. The release of any Collateral from the Note Lien of any of the Collateral Documents or the release of, in whole or in part, the Note Liens created by any of the Collateral Documents, will not be deemed to impair the Note Lien in contravention of the provisions hereof if and to the extent the Collateral or Note Liens are released pursuant to the applicable Collateral Documents and the terms hereof. Each of the Holders of the Notes acknowledges that a release of Collateral or Note Liens strictly in accordance with the terms of the Collateral Documents and the terms hereof will not be deemed for any purpose to be an impairment of the Collateral, the Collateral Documents or otherwise contrary to the terms of this Indenture. So long as any Priority Lien Obligations are outstanding, the Company and the Subsidiary Guarantors shall comply with TIA Section 314(d) relating to the release of property or securities from the Note Liens hereof but only to the extent required by the TIA.

Trust Indenture Act Requirements. The release of any Collateral from the 2011 Note Lien of any of the Collateral Documents Liens or the release of, in whole or in part, the 2011 Note Liens created by any of the Collateral Security Documents, will not be deemed to impair the 2011 Note Lien Liens in contravention of the provisions hereof if and to the extent the Collateral or the 2011 Note Liens are released pursuant to the terms of the Intercreditor Agreement or the applicable Collateral Documents and the terms hereofSecurity Documents. Each of the Holders of the Notes acknowledges acknowledge that a release of Collateral or 2011 Note Liens strictly in accordance with the terms of the Collateral Intercreditor Agreement, the Security Documents and the terms hereof this Indenture will not be deemed for any purpose to be an impairment of the Collateral, the Collateral Security Documents or otherwise contrary to the terms of this Indenture. So long as any Priority Lien Obligations are outstanding, the Company and the Subsidiary Guarantors shall comply with TIA Section § 314(d) relating to the release of property or securities from the 2011 Note Liens hereof but only to the extent required by the TIATIA (as determined by the Company in accordance with and in the manner prescribed by the last sentence of Section 11.04).