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 Security Documents at any time or from time to time in accordance with the provisions of the Security Documents or as provided in this Indenture. The Liens securing the Collateral shall be automatically released without the need for further action by any Person under any one or more of the following circumstances: (i) in part, as to any property that is sold, transferred, disbursed or otherwise disposed of by the Company or any Guarantor (other than to the Company or any Guarantor) in a transaction not prohibited by this Indenture and in compliance with Section 3.09 at the time of such sale, transfer, disbursement or disposition; (ii) in whole or in part, with the consent of the Holders of the requisite percentage of Notes in accordance with the provisions in Section 8.02; (iii) in whole with respect to the Collateral of any Guarantor, upon the release of the Guarantee of such Guarantor in accordance with this Indenture; (iv) in whole or in part, as applicable, as to all or any portion of the Collateral which has been taken by eminent domain, condemnation or similar circumstances; and (v) in part, in accordance with the applicable provisions of the Security Documents.

Specified Releases of Collateral. (A) Collateral shall be released from the Liens created by the Security Documents at any time or from time to time in accordance with the provisions of the Security Documents or as provided in and this IndentureAgreement. The Liens securing the Collateral shall be automatically released without the need for further action by any Person under any one or more of the following circumstances: : (i) in part, as to any property that is sold, transferred, disbursed or otherwise disposed of by the Company or any Guarantor (other than to the Company, any Guarantor, any Subsidiary of the Company or any GuarantorAffiliate of the foregoing) in a transaction not prohibited expressly permitted by this Indenture Agreement, the Security Documents and in compliance with Section 3.09 the other Agreement Documents at the time of such sale, transfer, disbursement or disposition; ; (ii) in whole or in part, with the consent of the Holders of the requisite percentage a Minimum Principal Amount of Notes in accordance with the provisions in Section 8.02; 10.02; (iii) in whole with respect to the Collateral of any Guarantor, upon the release of the Note Guarantee of such Guarantor in accordance with this Indenture; Agreement; (iv) in whole or in part, as applicable, as to all or any portion of the Collateral which has been taken by eminent domain, condemnation or similar circumstances; and and (v) in part, in accordance with the applicable provisions of the Security DocumentsDocuments and this Agreement.