Common use of Trust Indenture Act Requirements Clause in Contracts

Trust Indenture Act Requirements. The release of any Collateral from the Second Priority Lien of any of the Security Documents or the release of, in whole or in part, the Second Priority Liens created by any of the Security Documents, will not be deemed to impair the Security Interests in contravention of the provisions hereof if and to the extent the Collateral or Second Priority Liens are released pursuant to the applicable Security Documents and pursuant to the terms hereof. Each of the Holders of the Securities 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 Security Documents or otherwise contrary to the terms of this Indenture. So long as any First Priority Lien Obligations are outstanding, the Company and the Guarantors shall comply with TIA Section 314(d) relating to the release of property or securities from the Second Priority Liens hereof but only to the extent required by the TIA.

Trust Indenture Act Requirements. The release of any Collateral from the Second Third Priority Lien of any of the Security Documents or the release of, in whole or in part, the Second Third Priority Liens created by any of the Security Documents, will not be deemed to impair the Security Interests in contravention of the provisions hereof if and to the extent the Collateral or Second Third Priority Liens are released pursuant to the applicable Security Documents and pursuant to the terms hereof. Each of the Holders of the Securities 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 Security Documents or otherwise contrary to the terms of this Indenture. So long as any First Priority Senior Secured Lien Obligations are outstanding, the Company and the Guarantors shall comply with TIA Section 314(d(S)314(d) relating to the release of property or securities from the Second Priority Liens hereof but only to the extent required by the TIA.

Trust Indenture Act Requirements. The release of any Collateral from the Second Priority Lien of any of the Security Documents or the release of, in whole or in part, the Second Priority Liens created by any of the Security Documents, will not be deemed to impair the Security Interests in contravention of the provisions hereof if and to the extent the Collateral or Second Priority Liens are released pursuant to the applicable Security Documents and pursuant to the terms hereof. Each of the Holders of the Securities acknowledge Notes 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 Security Documents or otherwise contrary to the terms of this Indenture. So long as any First Priority Lien Obligations Senior Lender Claims are outstanding, the Company and the Guarantors shall comply with TIA Section 314(d) relating to the release of property or securities from the Second Priority Liens hereof but only to the extent required by the TIA.