Termination; Release. The Pledged Collateral shall be released from the Lien of this Agreement in accordance with the provisions of the Credit Agreement. Upon termination hereof or any release of Pledged Collateral in accordance with the provisions of the Credit Agreement, the Administrative Agent shall, upon the request and at the sole cost and expense of the Pledgors, assign, transfer and deliver to Pledgor, against receipt and without recourse to or warranty by the Administrative Agent except as to the fact that the Administrative Agent has not encumbered the released assets, such of the Pledged Collateral to be released (in the case of a release) as may be in possession of the Administrative Agent and as shall not have been sold or otherwise applied pursuant to the terms hereof, and, with respect to any other Pledged Collateral, proper documents and instruments (including UCC-3 termination statements or releases) acknowledging the termination hereof or the release of such Pledged Collateral, as the case may be.
Appears in 9 contracts
Sources: Security Agreement (Department 56 Inc), Security Agreement (Lenox Group Inc), Security Agreement (Bearingpoint Inc)
Termination; Release. The Pledged Collateral shall be released from the Lien of this Agreement in accordance with the provisions of the Credit Agreement. Upon termination hereof or any release of Pledged Collateral in accordance with the provisions of the Credit Agreement, the Administrative Collateral Agent shall, upon the request and at the sole cost and expense of the Pledgors, assign, transfer and deliver to Pledgor, against receipt and without recourse to or warranty by the Administrative Collateral Agent except as to the fact that the Administrative Collateral Agent has not encumbered the released assets, such of the Pledged Collateral to be released (in the case of a release) as may be in possession of the Administrative Collateral Agent and as shall not have been sold or otherwise applied pursuant to the terms hereof, and, with respect to any other Pledged Collateral, proper documents and instruments (including UCC-3 termination statements or releases) acknowledging the termination hereof or the release of such Pledged Collateral, as the case may be.
Appears in 9 contracts
Sources: Credit Agreement (Magnachip Semiconductor LLC), Credit Agreement (General Cable Corp /De/), Pledge Agreement (Adesa Inc)
Termination; Release. The Pledged Collateral shall be released from the Lien of this Agreement in accordance with the provisions of the Credit Second Lien Term Loan Agreement. Upon termination hereof or any release of Pledged Collateral in accordance with the provisions of the Credit Second Lien Term Loan Agreement, the Administrative Agent shall, upon the request and at the sole cost and expense of the Pledgors, assign, transfer and deliver to Pledgor, against receipt and without recourse to or warranty by the Administrative Agent except as to the fact that the Administrative Agent has not encumbered the released assets, such of the Pledged Collateral to be released (in the case of a release) as may be in possession of the Administrative Agent and as shall not have been sold or otherwise applied pursuant to the terms hereof, and, with respect to any other Pledged Collateral, proper documents and instruments (including UCC-3 termination statements or releases) acknowledging the termination hereof or the release of such Pledged Collateral, as the case may be.
Appears in 3 contracts
Sources: Security Agreement (Quest Resource Corp), Security Agreement (Quest Resource Corp), Security Agreement (Quest Resource Corp)
Termination; Release. (a) The Pledged Collateral shall be released from the Lien of this Agreement in accordance with the provisions of the Credit AgreementIndenture. Upon termination hereof or any release of Pledged Collateral in accordance with the provisions of the Credit AgreementIndenture, the Administrative Agent Trustee shall, upon the request and at the sole cost and expense of the Pledgors, assign, transfer and deliver to Pledgor, against receipt and without recourse to or warranty by the Administrative Agent Trustee except as to the fact that the Administrative Agent Trustee has not encumbered the released assets, such of the Pledged Collateral to be released (in the case of a release) as may be in possession of the Administrative Agent Trustee and as shall not have been sold or otherwise applied pursuant to the terms hereof, and, with respect to any other Pledged Collateral, proper documents and instruments (including UCC-3 UCC 3 termination statements or releases) provided to it acknowledging the termination hereof or the release of such Pledged Collateral, as the case may be; and
(b) Upon the request of the Company, any Pledged Collateral shall be immediately released in accordance with Section 10.3(f) of the Indenture.
Appears in 3 contracts
Sources: Pledge Agreement (Intcomex, Inc.), Pledge Agreement (Intcomex Holdings, LLC), Security Agreement (Intcomex Holdings, LLC)
Termination; Release. The Pledged Collateral shall be released from the Lien of this Agreement in accordance with the provisions of the Credit Agreement. Upon termination hereof or any release of Pledged Collateral in accordance with the provisions of the Credit Agreement, the Administrative Agent shallshall promptly, upon the request and at the sole cost and expense of the Pledgors, assign, transfer and deliver to Pledgor, against receipt and without recourse to or warranty by the Administrative Agent except as to the fact that the Administrative Agent has not encumbered the released assets, such of the Pledged Collateral to be released (in the case of a release) as may be in possession of the Administrative Agent and as shall not have been sold or otherwise applied pursuant to the terms hereof, and, with respect to any other Pledged Collateral, proper documents and instruments (including UCC-3 termination statements or releases) acknowledging the termination hereof or the release of such Pledged Collateral, as the case may be.
Appears in 3 contracts
Sources: Security Agreement (Language Line Costa Rica, LLC), Security Agreement (Language Line Holdings, Inc.), Security Agreement (Atlantic Broadband Management, LLC)
Termination; Release. The Pledged Security Agreement Collateral shall be released from the Lien of this Agreement in accordance with the provisions Section 6.04 of the Credit Agreement. Upon termination hereof or any release of Pledged Security Agreement Collateral in accordance with the provisions Section 6.04 of the Credit Agreement, the Administrative Collateral Agent shall, upon the request and at the sole cost and expense of the Pledgors, assign, transfer and deliver to Pledgor, against receipt and without recourse to or warranty by the Administrative Collateral Agent except as to the fact that the Administrative Collateral Agent has not encumbered the released assets, such of the Pledged Security Agreement Collateral to be released (in the case of a release) as may be in possession of the Administrative Collateral Agent and as shall not have been sold or otherwise applied pursuant to the terms hereof, and, with respect to any other Pledged Security Agreement Collateral, proper documents and instruments (including UCC-3 termination statements or releases) acknowledging the termination hereof or the release of such Pledged Security Agreement Collateral, as the case may be.
Appears in 3 contracts
Sources: Credit Agreement (Cpi International, Inc.), Credit Agreement (Cpi International, Inc.), Security Agreement (Communications & Power Industries Inc)
Termination; Release. The Pledged Collateral shall be released from the Lien of this Agreement in accordance with the provisions of the Credit Agreement. Upon termination hereof or any release of Pledged Collateral in accordance with the provisions of the Credit Agreement, the Administrative Collateral Agent shall, upon the request and at the sole cost and expense of the Pledgors, promptly assign, transfer and deliver to Pledgor, against receipt and without recourse to or warranty by the Administrative Collateral Agent except as to the fact that the Administrative Collateral Agent has not encumbered the released assets, such of the Pledged Collateral to be released (in the case of a release) as may be in possession of the Administrative Collateral Agent and as shall not have been sold or otherwise applied pursuant to the terms hereof, and, with respect to any other Pledged Collateral, proper documents and instruments (including UCC-3 termination statements or releases) acknowledging the termination hereof or the release of such Pledged Collateral, as the case may be.
Appears in 2 contracts
Sources: Security Agreement (Norcraft Companies Lp), Security Agreement (Norcraft Companies Lp)
Termination; Release. The Pledged Collateral shall be released from the Lien of this Agreement in accordance with the provisions of the Credit Third Lien Term Loan Agreement. Upon termination hereof or any release of Pledged Collateral in accordance with the provisions of the Credit Third Lien Term Loan Agreement, the Administrative Agent shall, upon the request and at the sole cost and expense of the Pledgors, assign, transfer and deliver to Pledgor, against receipt and without recourse to or warranty by the Administrative Agent except as to the fact that the Administrative Agent has not encumbered the released assets, such of the Pledged Collateral to be released (in the case of a release) as may be in possession of the Administrative Agent and as shall not have been sold or otherwise applied pursuant to the terms hereof, and, with respect to any other Pledged Collateral, proper documents and instruments (including UCC-3 termination statements or releases) acknowledging the termination hereof or the release of such Pledged Collateral, as the case may be.
Appears in 2 contracts
Sources: Security Agreement (Quest Resource Corp), Security Agreement (Quest Resource Corp)
Termination; Release. The Pledged Collateral shall be released from the Lien of this Agreement in accordance with the provisions of the Credit Agreement. Upon termination hereof or any release of Pledged Collateral in accordance with the provisions of the Credit Agreement, the Administrative Collateral Agent shall, upon the request and at the sole cost and expense of the PledgorsPledgor, promptly assign, transfer and deliver to the Pledgor, against receipt and without recourse to or warranty by the Administrative Collateral Agent except as to the fact that the Administrative Collateral Agent has not encumbered the released assets, such of the Pledged Collateral to be released (in the case of a release) as may be in possession of the Administrative Collateral Agent and as shall not have been sold or otherwise applied pursuant to the terms hereof, and, with respect to any other Pledged Collateral, proper documents and instruments (including UCC-3 termination PPSA termination, discharge, or financing change statements or releases) acknowledging the termination hereof or the release of such Pledged Collateral, as the case may be.
Appears in 2 contracts
Sources: Canadian Security Agreement (Norcraft Companies Lp), Canadian Security Agreement (Norcraft Companies Lp)
Termination; Release. The Pledged Collateral When all of the Secured Obligations have been satisfied, performed in full, and released, this Agreement shall be released from the Lien terminate. Upon termination of this Agreement in accordance with the provisions of the Credit Agreement. Upon termination hereof or any release of Pledged Collateral in accordance with the provisions of the Credit AgreementDefeasance Documents, the Administrative Agent shall, Pledgee shall upon the request and at the sole cost and expense of the Pledgors, Pledgor forthwith assign, transfer and deliver deliver, and shall direct Intermediary, to Pledgorassign, transfer and deliver, to Pledgor against receipt and without express or implied recourse to or warranty by the Administrative Agent except as to the fact that the Administrative Agent has not encumbered the released assets, Pledgee (i) such of the Pledged Collateral to be released (in the case of a release) as may be in possession of the Administrative Agent Pledgee or Intermediary and as shall not have been sold or otherwise applied pursuant to the terms hereof, and, with respect to any other Pledged Collateral, and (ii) proper documents and instruments (including UCC-3 UCC termination statements or releasesstatements) acknowledging the termination hereof of this Agreement or the release of such Pledged Collateral, as the case may be.
Appears in 2 contracts
Sources: Defeasance Pledge and Security Agreement (First Potomac Realty Trust), Defeasance Pledge and Security Agreement (Winston Hotels Inc)
Termination; Release. The Pledged Collateral shall be released from the Lien of created by this Agreement in accordance with on the provisions of the Credit AgreementTermination Date. Upon termination hereof or any release of Pledged Collateral in accordance with the provisions of the Credit Agreement, the Administrative Collateral Agent shall, upon the request and at the sole cost and expense of the Pledgors, assign, transfer and deliver to Pledgorthe Pledgors, against receipt and without recourse to or warranty by the Administrative Collateral Agent except as to the fact that the Administrative Collateral Agent has not encumbered the released assets, such of the Pledged Collateral to be released (in the case of a release) as may be in possession of the Administrative Collateral Agent and as shall not have been sold or otherwise applied pursuant to the terms hereof, and, with respect to any other Pledged Collateral, proper documents and instruments (including UCC-3 termination statements or releases) acknowledging the termination hereof or the release of such Pledged Collateral, as the case may be.
Appears in 1 contract
Sources: Security Agreement (International Coal Group, Inc.)
Termination; Release. The Pledged Upon the occurrence of the Termination Date, this Agreement shall terminate. Upon termination of this Agreement the Collateral shall be released from the Lien of this Agreement in accordance with the provisions of the Credit Agreement. Upon termination hereof such release or any release of Pledged Collateral or any part thereof in accordance with the provisions of the Credit Agreement, the Administrative Collateral Agent shall, upon the request and at the sole cost and reasonable expense of the Pledgors, assign, transfer and deliver to Pledgor, against receipt and without recourse to or warranty by the Administrative Collateral Agent except as to the fact that the Administrative Collateral Agent has not encumbered the released assets, such of the Pledged Collateral or any part thereof to be released (in the case of a release) as may be in possession of the Administrative Collateral Agent and as shall not have been sold or otherwise applied pursuant to the terms hereof, and, with respect to any other Pledged Collateral, proper documents and instruments (including UCC-3 termination statements or releases) acknowledging the termination hereof or the release of such Pledged Collateral, as the case may be.
Appears in 1 contract
Sources: Credit Agreement (Schulman a Inc)
Termination; Release. The Pledged Collateral When all of the Secured Obligations have been satisfied, performed in full, and released, this Agreement shall be released from the Lien terminate. Upon termination of this Agreement in accordance with the provisions of the Credit Agreement. Upon termination hereof or any release of Pledged Collateral in accordance with the provisions of the Credit AgreementDefeasance Documents, the Administrative Agent shall, Pledgee shall upon the request and at the sole cost and expense of the Pledgors, Pledgor forthwith assign, transfer and deliver deliver, and shall direct Intermediary, to assign, transfer and deliver, to Pledgor, or if applicable, Successor Borrower, against receipt and without express or implied recourse to or warranty by the Administrative Agent except as to the fact that the Administrative Agent has not encumbered the released assets, Pledgee (i) such of the Pledged Collateral to be released (in the case of a release) as may be in possession of the Administrative Agent Pledgee or Intermediary and as shall not have been sold or otherwise applied pursuant to the terms hereof, and, with respect to any other Pledged Collateral, and (ii) proper documents and instruments (including UCC-3 Code termination statements or releasesstatements) acknowledging the termination hereof of this Agreement or the release of such Pledged Collateral, as the case may be.
Appears in 1 contract
Sources: Defeasance Pledge and Security Agreement (Casa Munras Hotel Partners L P)
Termination; Release. The Pledged Collateral shall be released from the Lien of this Agreement in accordance with the provisions of the Credit Agreement. Upon termination hereof or any release of Pledged Collateral in accordance with the provisions of the Credit Agreement, the Administrative Collateral Agent shall, upon the request and at the sole cost and expense of the Pledgors, assign, transfer and deliver to Pledgor, against receipt and without recourse to or warranty by the Administrative Collateral Agent except as to the fact that the Administrative Collateral Agent has not encumbered the released assets, such of the Pledged Collateral to be released (in the case of a release) as may be in possession of the Administrative Collateral Agent and as shall not have been sold or otherwise applied pursuant to the terms hereof, and, with respect to any other Pledged Collateral, -33- proper documents and instruments (including UCC-3 termination statements or releases) acknowledging the termination hereof or the release of such Pledged Collateral, as the case may be.
Appears in 1 contract
Termination; Release. The Pledged Collateral shall be released from the Lien Liens of this Agreement in accordance with the provisions of the Credit AgreementPurchase Agreements. Upon termination hereof or any release of Pledged Collateral in accordance with the provisions of the Credit AgreementPurchase Agreements, the Administrative Collateral Agent shall, upon the request and at the sole cost and expense of the PledgorsCompany, assign, transfer and deliver to PledgorCompany, against receipt and without recourse to or warranty by the Administrative Agent except as to the fact that the Administrative Agent has not encumbered the released assetsCollateral Agent, such of the Pledged Collateral to be released (in the case of a release) as may be in possession of the Administrative Collateral Agent and as shall not have been sold or otherwise applied pursuant to the terms hereof, and, with respect to any other Pledged Collateral, proper documents and instruments (including UCC-3 termination statements or releases) acknowledging the termination hereof or the release of such Pledged Collateral, as the case may be.
Appears in 1 contract
Termination; Release. The Pledged Collateral -------------------- shall be released from the Lien of this Agreement and the applicable Subsidiary Guarantor shall be relieved of its obligations under this Agreement in accordance with the provisions of the Credit AgreementIndenture. Upon termination hereof or any release of Pledged Collateral in accordance with the provisions of the Credit AgreementIndenture, the Administrative Agent Trustee shall, upon the request and at the sole cost and expense of the Pledgors, assign, transfer and deliver to Pledgor, against receipt and without recourse to or warranty by the Administrative Agent except as to the fact that the Administrative Agent has not encumbered the released assetsTrustee, such of the Pledged Collateral to be released (in the case of a release) as may be in possession of the Administrative Agent Trustee and as shall not have been sold or otherwise applied pursuant to the terms hereof, and, with respect to any other Pledged Collateral, proper documents and instruments (including UCC-3 termination statements or releases) acknowledging the termination hereof or the release of such Pledged Collateral, as the case may be.
Appears in 1 contract
Sources: Security Agreement (Raceland Truck Plaza & Casino LLC)
Termination; Release. The Pledged Collateral shall be released from the Lien of this Agreement in accordance with the provisions Section 6.4.11(g) of the Credit Agreement. Upon termination hereof or any release of Pledged Collateral in accordance with the provisions of the Credit Agreement, the Administrative Collateral Agent shall, upon the request and at the sole cost and expense of the Pledgors, assign, transfer and deliver to Pledgor, against receipt and without recourse to or warranty by the Administrative Agent except as to the fact that the Administrative Agent has not encumbered the released assetsCollateral Agent, such of the Pledged Collateral to be released (in the case of a release) as may be in possession of the Administrative Collateral Agent and as shall not have been sold or otherwise applied pursuant to the terms hereof, and, with respect to any other Pledged Collateral, proper documents and instruments (including UCC-3 termination statements or releases) acknowledging the termination hereof or the release of such Pledged Collateral, as the case may be.
Appears in 1 contract
Sources: Inventory and Accounts Security Agreement (Transmontaigne Inc)
Termination; Release. The Pledged Collateral shall be released from the Lien of this Agreement in accordance with the provisions of the Credit Priority Intercreditor Agreement. Upon termination hereof or any release of Pledged Collateral in accordance with the provisions of the Credit Priority Intercreditor Agreement, the Administrative Collateral Agent shall, upon the request and at the sole cost and expense of the Pledgors, assign, transfer and deliver to Pledgor, against receipt and without recourse to or warranty by the Administrative Agent except as to the fact that the Administrative Agent has not encumbered the released assetsCollateral Agent, such of the Pledged Collateral to be released (in the case of a release) as may be in possession of the Administrative Collateral Agent and as shall not have been sold or otherwise applied pursuant to the terms hereof, and, with respect to any other Pledged Collateral, proper documents and instruments (including UCC-3 termination statements or releases) acknowledging the termination hereof or the release of such Pledged Collateral, as the case may be.
Appears in 1 contract
Termination; Release. The Pledged Collateral shall be released from the Lien of this Agreement in accordance with the provisions of the Credit AgreementLoan Documents. Upon termination hereof or any release of Pledged Collateral in accordance with the provisions of the Credit AgreementLoan Documents, the Administrative Agent Collateral Trustee shall, subject to the Collateral Trust Agreement, upon the request and at the sole cost and expense of the Pledgors, assign, transfer and deliver to Pledgor, against receipt and without recourse to or warranty by the Administrative Agent Collateral Trustee except as to the fact that the Administrative Agent Collateral Trustee has not encumbered the released assets, such of the Pledged Collateral to be released (in the case of a release) as may be in possession of the Administrative Agent Collateral Trustee and as shall not have been sold or otherwise applied pursuant to the terms hereof, and, with respect to any other Pledged Collateral, proper documents and instruments (including UCC-3 termination statements or releases) acknowledging the termination hereof or the release of such Pledged Collateral, as the case may be.
Appears in 1 contract
Sources: Pledge and Security Agreement (Builders FirstSource, Inc.)