Common use of Specified Releases of Collateral Clause in Contracts

Specified Releases of Collateral. Subject to Section 14.03, the Notes Collateral Agent’s Liens on the Collateral will no longer secure the Indenture Obligations, and the right of the Holders to the benefits and proceeds of the Notes Collateral Agent’s Liens on the Collateral will terminate and be discharged, in each case, automatically and without the need for any further action by any Person: (A) in whole, upon the full and final payment and performance of the Obligations of the Company and the Guarantors under this Indenture, the Securities and the Guarantees thereof; (B) in whole, upon Legal Defeasance or Covenant Defeasance with respect to this Indenture pursuant to Article XII or discharge of this Indenture in accordance with Article IV; (C) in whole or in part, as applicable, upon receipt of the consent of holders of the requisite percentage of Securities in accordance with Article IX; (D) in part, as to any Collateral that is sold, transferred or otherwise disposed of by the Company or any Guarantor in a transaction or other circumstance made in compliance with this Indenture and the Notes Collateral Documents at the time of such sale, transfer or disposition; (E) in whole, with respect to the Collateral owned by a Guarantor, upon the release of the Guarantee of such Guarantor in accordance with the terms of this Indenture; and (F) in whole or in part, if and to the extent required by the provisions of the Intercreditor Agreement.

Specified Releases of Collateral. Subject to Section 14.03, the Notes Collateral Agent’s Liens on the Collateral will no longer secure the Indenture Obligations, and the right of the Holders to the benefits and proceeds of the Notes Collateral Agent’s Liens on the Collateral will terminate and be discharged, in each case, automatically and without the need for any further action by any Person: (Ai) in whole, upon the full and final payment and performance of the Obligations obligations of the Company and the Guarantors under this Indenture, the Securities and the Guarantees thereofGuarantees; (Bii) in whole, upon Legal Defeasance or Covenant Defeasance with respect to this Indenture pursuant to Article XII or discharge of this Indenture in accordance with Article IV; (Ciii) in whole or in part, as applicable, upon receipt of the consent of holders Holders of the requisite percentage of Securities in accordance with Article IX; (Div) in part, as to any Collateral that is sold, transferred or otherwise disposed of by the Company or any Guarantor in a transaction or other circumstance made in compliance with not prohibited by this Indenture and the Notes Collateral Documents at the time of such sale, transfer or disposition; (Ev) in whole, with respect to the Collateral owned by a Guarantor, upon the release of the Guarantee of such Guarantor in accordance with the terms of this Indenture; and; (Fvi) in whole or in part, with respect to any property or asset of the Company or a Guarantor that is or becomes an Excluded Asset under the terms of the Notes Collateral Documents; (vii) in whole or in part, if and to the extent required by the provisions of the Pari Passu Intercreditor Agreement; or (viii) at the Company’s request, during any Suspension Period.

Specified Releases of Collateral. Subject to Section 14.03, the Notes Collateral Agent’s Liens on the Collateral will no longer secure the Indenture Obligations, and the right of the Holders to the benefits and proceeds of the Notes Collateral Agent’s Liens on the Collateral will terminate and be discharged, in each case, automatically and without the need for any further action by any Person: (Ai) in whole, upon the full and final payment and performance of the Obligations obligations of the Company and the Guarantors under this Indenture, the Securities and the Guarantees thereofGuarantees; (Bii) in whole, upon Legal Defeasance or Covenant Defeasance with respect to this Indenture pursuant to Article XII or discharge of this Indenture in accordance with Article IV; (Ciii) in whole or in part, as applicable, upon receipt of the consent of holders Holders of the requisite percentage of Securities in accordance with Article IX; (Div) in part, as to any Collateral that is sold, transferred or otherwise disposed of by the Company or any Guarantor in a transaction or other circumstance made in compliance with this Indenture and the Notes Collateral Documents at the time of such sale, transfer or disposition; (Ev) in whole, with respect to the Collateral owned by a Guarantor, upon the release of the Guarantee of such Guarantor in accordance with the terms of this Indenture; and; (Fvi) in whole or in part, with respect to any property or asset of the Company or a Guarantor that is or becomes an Excluded Asset under the terms of the Notes Collateral Documents. (vii) in whole or in part, if and to the extent required by the provisions of the Intercreditor Agreement; or (viii) at the Company’s request, during any Suspension Period.

Specified Releases of Collateral. Subject to Section 14.03, the Notes Collateral Agent’s Liens on the Collateral will no longer secure the Indenture Obligations, and the right of the Holders to the benefits and proceeds of the Notes Collateral Agent’s Liens on the Collateral will terminate and be discharged, in each case, automatically and without the need for any further action by any Person: (Ai) in whole, upon the full and final payment and performance of the Obligations obligations of the Company and the Guarantors under this Indenture, the Securities and the Guarantees thereofGuarantees; (Bii) in whole, upon Legal Defeasance or Covenant Defeasance with respect to this Indenture pursuant to Article XII or discharge of this Indenture in accordance with Article IV; (Ciii) in whole or in part, as applicable, upon receipt of the consent of holders Holders of the requisite percentage of Securities in accordance with Article IX; (Div) in part, as to any Collateral that is sold, transferred or otherwise disposed of by the Company or any Guarantor in a transaction or other circumstance made in compliance with not prohibited by this Indenture and the Notes Collateral Documents at the time of such sale, transfer or disposition; (Ev) in whole, with respect to the Collateral owned by a Guarantor, upon the release of the Guarantee of such Guarantor in accordance with the terms of this Indenture; and; (Fvi) in whole or in part, with respect to any property or asset of the Company or a Guarantor that is or becomes an Excluded Asset under the terms of the Notes Collateral Documents. (vii) in whole or in part, if and to the extent required by the provisions of the Intercreditor Agreement; or (viii) at the Company’s request, during any Suspension Period.

Specified Releases of Collateral. Subject to Section 14.03, the Notes Collateral Agent’s Liens on the Collateral will no longer secure the Indenture Obligations, and the right of the Holders to the benefits and proceeds of the Notes Collateral Agent’s Liens on the Collateral will terminate and be discharged, in each case, automatically and without the need for any further action by any Person: (A) in whole, upon the full and final payment and performance of the Obligations obligations of the Company and the Guarantors under this Indenture, the Securities and the Guarantees thereofGuarantees; (B) in whole, upon Legal Defeasance or Covenant Defeasance with respect to this Indenture pursuant to Article XII or discharge of this Indenture in accordance with Article IV; (C) in whole or in part, as applicable, upon receipt of the consent of holders Holders of the requisite percentage of Securities in accordance with Article IX; (D) in part, as to any Collateral that is sold, transferred or otherwise disposed of by the Company or any Guarantor in a transaction or other circumstance made in compliance with not prohibited by this Indenture and the Notes Collateral Documents at the time of such sale, transfer or disposition; (E) in whole, with respect to the Collateral owned by a Guarantor, upon the release of the Guarantee of such Guarantor in accordance with the terms of this Indenture; and; (F) in whole or in part, with respect to any property or asset of the Company or a Guarantor that is or becomes an Excluded Asset under the terms of the Notes Collateral Documents; or (G) in whole or in part, if and to the extent required by the provisions of the Intercreditor Agreement.