Common use of Specified Releases of Collateral Clause in Contracts

Specified Releases of Collateral. (a) Collateral shall be released from the Liens created by the Collateral Documents at any time or from time to time in accordance with the provisions of the Collateral Documents or as provided in this Indenture. The Liens securing the Collateral shall be automatically released without the need for any further action by any Person under any one or more of the following circumstances: (i) to enable the Company or a Guarantor to consummate asset dispositions permitted or not prohibited under Section 5.10; (ii) if any Guarantor is released from its Notes Guarantee in accordance with the terms of this Indenture (including by virtue of such Guarantor ceasing to be a Restricted Subsidiary of the Company), that Guarantor’s assets will also be released from the Liens securing its Notes Guarantee and the other Indenture Obligations; (iii) if required in accordance with the terms of the Intercreditor Agreement; (iv) as described under Section 13.05; or (v) with the consent of the Holders of the Notes in accordance with Section 10.02.

Specified Releases of Collateral. (a) Collateral shall be released from the Liens created by the Collateral Documents at any time or from time to time in accordance with the provisions of the Collateral Documents and the Intercreditor Agreement or as provided in this Indenture. The Liens securing the Collateral shall be automatically released without the need for any further action by any Person under any one or more of the following circumstances: (i) to enable the Company or a Guarantor to consummate in connection with asset dispositions permitted or not prohibited under Section 5.10; (ii) if any Guarantor is released from its Notes Note Guarantee in accordance with the terms of this Indenture (including by virtue of such Guarantor ceasing to be a Restricted Subsidiary of the CompanySubsidiary), that Guarantor’s assets will shall also be released from the Liens securing its Notes Note Guarantee and the other Indenture Obligations; (iii) if required in accordance with the terms of the Intercreditor AgreementAgreement or any Collateral Document; (iv) as described under Section 13.05; or (v) with the consent of the Holders of the Notes in accordance with Section 10.02.