Example ContractsClausescash management obligations and secured hedge agreementsVariants
Cash Management Obligations and Secured Hedge Agreements
Cash Management Obligations and Secured Hedge Agreements contract clause examples

to release any Lien on any property granted to or held by the Collateral Agent under any Loan Document # upon termination of the Total Revolving Credit Commitments and payment in full of all Obligations (other than # contingent indemnification obligations not yet accrued and payable and obligations in respect of Secured Treasury Management Agreements and # Obligations under Secured Hedge Agreements; provided that the net termination liability under or in respect of, and other amounts due and payable under, each Secured Hedge Agreement at such time shall have been paid or secured in the manner provided in such Secured Hedge Agreement or by a collateral arrangement reasonably satisfactory to the relevant Hedge Bank in its sole discretion) and the expiration or termination of all Letters of Credit, # that is Disposed or to be Disposed of as part of or in connection with any transaction permitted hereunder or under any other Loan Document or # subject to Section 11.01, if approved, authorized or ratified in writing by the Required ; and

to release any Lien on any property granted to or held by the Collateral Agent under any Loan Document # upon termination of the Total Revolving Credit Commitments and payment in full of all Obligations (other than # contingent indemnification obligations not yet accrued and payable and obligations in respect of Secured Treasury Management Agreements and # Obligations under Secured Hedge Agreements; provided that the net termination liability under or in respect of, and other amounts due and payable under, each Secured Hedge Agreement at such time shall have been paid or secured in the manner provided in such Secured Hedge Agreement or by a collateral arrangement reasonably satisfactory to the relevant Hedge Bank in its sole discretion) and the expiration or termination of all Letters of Credit, # that is Disposed or to be Disposed of as part of or in connection with any transaction permitted hereunder or under any other Loan Document or # subject to Section 11.01, if approved, authorized or ratified in writing by the Required ; and

to release any Lien on any Collateral granted to or held by the Administrative Agent, for the ratable benefit of the Secured Parties, under any Loan Document # upon the termination of the Revolving Credit Commitment and payment in full of all Secured Obligations (other than # contingent indemnification obligations and # obligations and liabilities under Secured Cash Management Agreements or Secured Hedge Agreements as to which arrangements satisfactory to the applicable Cash Management Bank or Hedge Bank shall have been made) and the expiration or termination of all Letters of Credit (or been Cash Collateralized or for which arrangements satisfactory to the Issuing Lender shall have been made), # that is sold or otherwise disposed of or to be sold or otherwise disposed of as part of or in connection with any sale or other Disposition to a Person other than a Credit Party permitted under the Loan Documents, or # if approved, authorized or ratified in writing in accordance with Section 12.2;

to release any Lien on any Collateral granted to or held by the Administrative Agent, for the ratable benefit of the Secured Parties, under any Loan Document # upon the termination of the Revolving Credit Commitment and payment in full of all Secured Obligations (other than # contingent indemnification obligations and # obligations and liabilities under Secured Cash Management Agreements or Secured Hedge Agreements as to which arrangements satisfactory to the applicable Cash Management Bank or Hedge Bank shall have been made) and the expiration or termination of all Letters of Credit (or been Cash Collateralized or for which arrangements satisfactory to the Issuing Lender shall have been made), # that is sold or otherwise disposed of or to be sold or otherwise disposed of as part of or in connection with any sale or other Disposition to a Person other than a Credit Party permitted under the Loan Documents, or # if approved, authorized or ratified in writing in accordance with [Section 12.2];

to release any Lien on any Collateral granted to or held by the Administrative Agent, for the ratable benefit of the Secured Parties, under any Loan Document # upon the termination of the Revolving Credit Commitment and payment in full of all Secured Obligations (other than # contingent indemnification obligations and # obligations and liabilities under Secured Cash Management Agreements or Secured Hedge Agreements as to which arrangements satisfactory to the applicable Cash Management Bank or Hedge Bank shall have been made) and the expiration or termination of all Letters of Credit (other than Letters of Credit which have been Cash Collateralized or as to which other arrangements satisfactory to the Administrative Agent and the applicable Issuing Lender shall have been made), # that is sold or otherwise disposed of or to be sold or otherwise disposed of as part of or in connection with any sale or other disposition to a Person other than a Credit Party permitted under the Loan Documents, or # if approved, authorized or ratified in writing in accordance with [Section 12.2];

to release any Lien on any property granted to or held by the Administrative Agent under any Loan Document # upon termination of the Revolving Credit Facility and payment in full of all Obligations (other than # contingent indemnification obligations and # obligations and liabilities under Specified Cash Management Agreements and Specified Hedge Agreements) and the expiration or termination of all Letters of Credit (other than Letters of Credit as to which other arrangements satisfactory to the Administrative Agent and the L/C Issuer shall have been made), # that is sold or to be sold as part of or in connection with any sale permitted hereunder or under any other Loan Document to a Person that is not a Loan Party, or # subject to Section 10.01, if approved, authorized or ratified in writing by the Required Lenders;

release any Lien on any property granted to or held by the Administrative Agent under any Loan Document # upon termination of the Aggregate Commitments and payment in full of all Obligations (other than # contingent indemnification obligations as to which no claim has been asserted, # obligations and liabilities under Secured Hedge Agreements as to which arrangements reasonably satisfactory to the applicable Hedge Bank shall have been made and # obligations and liabilities under Secured Cash Management Agreements as to which arrangements reasonably satisfactory to the applicable Cash Management Bank shall have been made) and the expiration or termination of all Letters of Credit (other than those which have been Cash Collateralized), # that is sold, disposed of or distributed or to be sold, disposed of or distributed as part of or in connection with any transaction permitted hereunder or under any other Loan Document, in each case to a Person that is not a Loan Party, # subject to [Section 10.01], if approved, authorized or ratified in writing by the Required Lenders, # owned by a Subsidiary Guarantor upon release of such Subsidiary Guarantor from its obligations under its Guaranty pursuant to clause (c) below, or # if such property constitutes Excluded Property;

to release any Lien on any property granted to or held by Administrative Agent under any Loan Document # upon termination of all Commitments and payment in full of all Obligations (other than # contingent indemnification obligations and # obligations and liabilities under Bank Product Agreements as to which arrangements satisfactory to the applicable Bank Product Provider shall have been made) and the expiration or termination of all Letters of Credit (other than Letters of Credit as to which other arrangements satisfactory to Administrative Agent and L/C Issuer shall have been made), # that is sold or otherwise disposed of or to be sold or otherwise disposed of as part of or in connection with any sale or other disposition permitted under the Loan Documents, or # if approved, authorized or ratified in writing by Required Lenders or all Lenders, as applicable, under Section 12.10;

that any Lien on any property granted to or held by the Administrative Agent or the Collateral Agent under any Loan Document shall be automatically released # upon termination of the Aggregate Commitments and payment in full of all Obligations (other than # obligations under Secured Hedge Agreements and Treasury Services Agreements not yet due and payable and # contingent indemnification obligations not yet accrued and payable) and the expiration or termination or cash collateralization of all Letters of Credit (or if such Letters of Credit have been backstopped by letters of credit reasonably satisfactory to the applicable L/C Issuers or deemed reissued under another agreement reasonably satisfactory to the applicable L/C Issuers), # at the time the property subject to such Lien is Disposed or to be Disposed as part of or in connection with any Disposition permitted hereunder or under any other Loan Document to any Person other than a Person required to grant a Lien to the Administrative Agent or the Collateral Agent under the Loan Documents, # subject to ‎[Section 10.01], if the release of such Lien is approved, authorized or ratified in writing by the Required , # to the extent such asset constitutes an Excluded Asset or # if the property subject to such Lien is owned by a Guarantor, upon release of such Guarantor from its obligations under its Guaranty pursuant to clause ‎(c) below;

to release any Lien on any property granted to or held by the Administrative Agent under any Loan Document # upon the termination of all Revolving Commitments, the Cash Collateralization of all reimbursement obligations with respect to Letters of Credit in an amount equal to 103% of the aggregate LC Outstandings of all Lenders, and the payment in full of all Obligations (other than contingent indemnification obligations and such Cash Collateralized reimbursement obligations), # that is sold or to be sold as part of or in connection with any sale permitted hereunder or under any other Loan Document, or # if approved, authorized or ratified in writing in accordance with Section 11.12; and

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