Collateral Release definition

Collateral Release has the meaning specified in Section 7.09(a).

Collateral Release has the meaning assigned to such term in Section 9.02(e).

Collateral Release means (i) with respect to any Collateral owned by the Company or any Subsidiary, a release of the Liens securing the Secured Obligations on such asset or (ii) with respect to any Property that is directly owned by a Subsidiary of the Company and its Subsidiaries, the grant of any Lien on such Property that is a Permitted Lien, in each case of clause (i) and (ii), pursuant to a Release Trigger Event as a result of which such Collateral or Property, as applicable, continues to be owned by the Company or a Subsidiary.

Examples of Collateral Release in a sentence

• At any time prior to the Collateral Release, amend or modify in any manner adverse to the Lenders (as reasonably determined by the Administrative Agent) the General and Refunding Mortgage Indenture.

• At any time prior to the Collateral Release, cause the Liens of the General and Refunding Mortgage Indenture and related security documents, upon any assets, to be released, except in connection with a disposition of such assets permitted by Section 5.02(c); provided that, within 180 days after any such release, the Borrower will either (i) dispose of such assets or (ii) subject such assets again to the Lien of the General and Refunding Mortgage Indenture.

• The Collateral Release Request shall not result in a termination of all or any part of the Credit Facility.

• Prior to the Collateral Release, the Administrative Agent, as holder of the General and Refunding Mortgage Bonds, will not consent to any amendment or other modification of the General and Refunding Mortgage Indenture that requires the consent of holders of all securities issued thereunder, without the consent of each Lender.

• Notwithstanding such release of Collateral, the provisions of Section 6.13 hereof shall continue to apply on and after the Collateral Release Date.

More Definitions of Collateral Release

Collateral Release is defined in Section 10.12.

Collateral Release means a release of all Collateral following a Collateral Release Date.

Collateral Release means the release of the Liens granted to the Administrative Agent pursuant to the requirements of Section 6.20 and the Pledge Agreement.

Collateral Release means a release of Collateral from the Liens created by the Pledge Agreement and/or LMC Collateral from the Liens created by the LMC Pledge Agreement, pursuant to Section 9.15(b) unless such Liens are required to be re-granted pursuant to Section 9.15(c).

Collateral Release means (i) with respect to any Collateral owned by the Company or any Subsidiary, a release of the Liens securing the Secured Obligations on such asset or (ii) with respect to any Property set forth in Category 3 or Category 4 of Annex I hereto that is directly owned by a Subsidiary of the Company and its Subsidiaries, a release of the requirement for such Properties to be subject to Section 4.06(a) or any Lien on such Property is deemed to be otherwise permitted under Section 4.06(a) as a result of a Release Trigger Event, as applicable, in each case of clause (i) and (ii), pursuant to a Release Trigger Event as a result of which such Collateral or Property, as applicable, continues to be owned by the Company or a Subsidiary.

Collateral Release means a release of all Collateral from the Liens created by the Security Agreement pursuant to Section 9.15(b).

Collateral Release has the meaning set forth in Section 11.4.