Collateral Release Request definition
Examples of Collateral Release Request in a sentence
The Collateral Release Request shall not result in a termination of all or any part of the Credit Facility.
The Collateral Release Request shall be accompanied by (and shall not be effective unless it is accompanied by) the name, address and location of the Mortgaged Property to be released from the Collateral Pool (“Collateral Release Property”).
Prior to each release by the Collateral Agent and the Custodian of Collateral to the respective Grantor, such Grantor shall deliver to the Collateral Agent and the Custodian a Collateral Release Request substantially in the form of Exhibit A (appropriately completed) with respect thereto.
Each Collateral Release Request shall be delivered in writing together with such customary documents as may be required by the Custodian and/or the Collateral Agent in accordance with their customary procedures which shall be reasonably acceptable to such Grantor, which procedures shall be deemed to be incorporated by reference in this Agreement as if set forth in full herein.
The Collateral Agent and/or the Administrative Agent upon a reasonable basis may disagree with and dispute any request for a Collateral Transfer, any Collateral Release Request, Borrowing Base Report, or other notice or information at any time.