Collateral Release has the meaning specified in Section 7.09(a).
Collateral Release has the meaning set forth for that term in Section 2.12.
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
If after a Collateral Release, the Borrower has incurred or incurs any Incremental Facilities or Incremental Equivalent Debt, such Incremental Facility or Incremental Equivalent Debt shall not be permitted to be secured unless the Lien in favor of the Administrative Agent, for the benefit of the Secured Parties, are reinstated.
More Definitions of Collateral Release
Collateral Release means a release of all Collateral following a Collateral Release Date.
Collateral Release has the meaning assigned to such term in Section 9.02(e).
Collateral Release is defined in Section 10.12.
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 has the meaning set forth in Section 11.4.