Common use of Release and Substitution of Collateral Clause in Contracts

Release and Substitution of Collateral. Unless and until there shall -------------------------------------- have occurred an Event of Default or Potential Default under the Credit Agreement or Purchase Agreement, and provided that Collateral of comparable and equal value is substituted by Debtor, upon the written request of Debtor, Collateral may be released from the lien of Secured Party (or, if requested by Debtor, Secured Party may execute and deliver to the Debtor a release, which may be complete or partial, of its interest in said Collateral) and said Collateral thereafter shall not be further subject to the restrictions of this Security Agreement. Any release by Secured Party shall be without representation or warranty by, and without recourse to, Secured Party.

Release and Substitution of Collateral. Unless and until there shall -------------------------------------- have occurred an Event of Default or Potential Default under the Credit Agreement or Purchase Agreement, and provided that Collateral of comparable and equal value is substituted by Debtor, upon the written request of Debtor, Collateral may be released from the lien of Secured Party (or, if requested by Debtor, Secured Party may execute and deliver to the Debtor a release, which may be complete or partial, of its interest in said Collateral) and said Collateral thereafter shall not be further subject to the restrictions of this Security Agreement. Any release by Secured Party shall be without representation or warranty by, and without recourse to, Secured Party.