Common use of Written Release Clause in Contracts

Written Release. The Agent is authorized to release of record, and shall release of record, any Liens encumbering any Collateral that is permitted to be sold upon an authorized officer of the Company certifying in writing to the Agent that the proposed disposition of Collateral is permitted under Section 8.05. To the extent the Agent is requested to execute any release documents or other documents evidencing the termination of Liens in accordance with the immediately preceding sentence, the Agent shall do so promptly upon request of the Company without the consent or further agreement of any Secured Party. If the disposition of Collateral is not permitted under or pursuant to the Basic Documents, the Liens encumbering the Collateral may only be released in accordance with the provisions of Section 11.04.

Written Release. The Administrative Agent is authorized to release of record, and shall release of record, any Liens encumbering any Collateral that is permitted to be sold upon an authorized officer of the Company Borrower certifying in writing to the Administrative Agent that the proposed disposition of Collateral is permitted under Section 8.056.05. To the extent the Administrative Agent is requested required to execute any release documents or other documents evidencing the termination of Liens in accordance with the immediately preceding sentence, the Administrative Agent shall do so promptly upon request of the Company Borrower without the consent or further agreement of any Secured Party. If the disposition of Collateral is not permitted under or pursuant to the Basic Loan Documents, the Liens encumbering the Collateral may only be released in accordance with the provisions of Section 11.0410.02.

Written Release. The Agent is authorized to release of record, and shall release of record, any Liens encumbering any Collateral that is permitted to be sold upon an authorized officer of the Company certifying in writing to the Agent that the proposed disposition of Collateral is permitted under Section 8.05. To the extent the Agent is requested to execute any release documents or other documents evidencing the termination of Liens in accordance with the immediately preceding sentence, the Agent shall do so promptly upon request of the Company without the consent or further agreement of any Secured Party. If the disposition of Collateral is not permitted under or pursuant to the Basic DocumentsDocument, the Liens encumbering the Collateral may only be released in accordance with the provisions of Section 11.04.