Examples of Property Release Notice in a sentence
Upon compliance with the conditions set forth in (b) or (c) above, and the delivery by the Company of such other documents that the Trustee or the Collateral Agent may reasonably require, the Collateral Agent shall execute, acknowledge (if applicable) and deliver to the Company such counterpart within 10 Business Days after receipt by the Trustee of an Asset Sale Release Notice or Real Property Release Notice, as applicable, and the satisfaction of the applicable requirements of this Section 10.03.
Upon compliance with this Section 6.3, the Issuer shall direct the Collateral Agent and/or the Deed of Trust Trustee to execute, acknowledge (if applicable) and deliver to the Issuer a counterpart of the Pacific Lumber Timber Rights Property Release Documents within two Business Days after receipt by the Collateral Agent and the Trustee of a Pacific Lumber Timber Rights Property Release Notice and the satisfaction of the requirements of this Section.
In addition, simultaneously with delivering any Property Release Notice to Lender, Borrower shall deliver to Lender the contract for the subject Sale for approval of such contract as an Approved Contract.
Lender shall have ten (10) Business Days of its receipt of a Property Release Notice and related contract to approve or disapprove in its sole and absolute discretion the marketing process.
The Property Release Notice shall include a certification by Borrower that all of the materials delivered by Borrower to Lender under the preceding sentence are true and complete in all material respects such that Lender can determine, in its sole and absolute discretion, utilizing that information and other information available to Lender, that above marketing requirements were satisfied.