Collateral Matters; Hedging Counterparties. (a) Notwithstanding anything to the contrary in any Loan Document, a Guarantor shall automatically be released from its obligations under the Loan Documents, and all security interests created by the Security Documents in Collateral owned by such Guarantor shall be automatically released, upon the consummation of any transaction permitted by this Agreement as a result of which such Guarantor ceases to be a Subsidiary; provided that, if so required by this Agreement, the Majority [[Organization B:Organization]] shall have consented to such transaction and the terms of such consent shall not have provided otherwise. Upon any sale or other disposition by any Loan Party (other than to any other Loan Party) of any Collateral in a transaction permitted under this Agreement, or upon the effectiveness of any written consent to the release of the security interest created under any Security Document in any Collateral pursuant to Section 10.01, the security interests in such Collateral created by the Security Documents shall be automatically released. In connection with any termination or release pursuant to this Section 10.15(a), the Administrative Agent shall execute and deliver to any Loan Party, at such Loan Party’s expense, all documents that such Loan Party shall reasonably request to evidence such termination or release. Any execution and delivery of documents pursuant to this Section shall be without recourse to or warranty by the Administrative Agent.

Collateral Matters; Hedging Counterparties. (a) Notwithstanding anything to the contrary in anySection # Release of Liens and Guarantees. A Loan Document, a GuarantorParty shall automatically be released from its obligations under the Loan Documents, and all security interests created by the Security Documents in Collateral owned by (and, in the case of clause (1) and (2) upon the request of the Borrowers, clause (2) below, the Equity Interests of) such GuarantorSubsidiary Loan Party shall be automatically released, # upon the consummation of any transaction permitted by this Agreement as a result of which such GuarantorSubsidiary Loan Party ceases to be a Subsidiary; provided that, if so required byRestricted Subsidiary (including pursuant to a merger with a Subsidiary that is not a Loan Party or a designation as an Unrestricted Subsidiary) or # upon the request of the Borrowers, in connection with a transaction permitted under this Agreement, the Majority [[Organization B:Organization]] shall have consentedas a result of which such Subsidiary Loan Party ceases to such transaction and the terms of such consent shall not have provided otherwise.be a wholly-owned Subsidiary. Upon # any sale or other dispositiontransfer by any Loan Party (other than to Holdings, any Borrower or any other Loan Party) of any Collateral in a transaction permitted under this Agreement,Agreement or upon# the effectiveness of any written consent to the release of the security interest created under any Security Document in any Collateral or the release of any Loan Party from its Guarantee under the Guarantee Agreement pursuant to Section 10.01,[Section 9.02], the security interests in such Collateral created by the Security Documents or such guarantee shall be automatically released. Upon the occurrence of the Termination Date, all obligations under the Loan Documents and all security interests created by the Security Documents shall be automatically released. In connection with any termination or release pursuant to this Section 10.15(a),Section, the Administrative Agent shall execute and deliver to any Loan Party, at such Loan Party’Party’s expense, all documents that such Loan Party shall reasonably request to evidence such termination or release. Any execution and delivery of documents pursuant to this Section shall be without recourse to or warranty by the Administrative Agent. The Lenders irrevocably authorize the Administrative Agent to release or subordinate any Lien on any property granted to or held by the Administrative Agent or the Collateral Agent under any Loan Document to the holder of any Lien on such property that is permitted by [Section 6.02(iv), (viii)(A) or (xxii)])])] to the extent required by the terms of the obligations secured by such Liens pursuant to documents reasonably acceptable to the Administrative Agent).

Collateral Matters; Hedging Counterparties. (a) Notwithstanding anything to the contrary in anySECTION # Release of Liens and Guarantees. (v) A Subsidiary Loan Document, a GuarantorParty shall automatically be released from its obligations under the Loan Documents, and all security interests created by the Security Documents in Collateral owned by such GuarantorSubsidiary Loan Party shall be automatically released, upon the consummation of any transaction permitted by this Agreement as a result of which such GuarantorSubsidiary Loan Party ceases to be a Subsidiary; provided that, if so required by this Agreement, the Majority [[Organization B:Organization]]Required Lenders shall have consented to such transaction and the terms of such consent shall not have provided otherwise. Upon any salesale, transfer or other disposition by any Loan Party (other than to any otheranother Loan Party) of any Collateral in a transaction permitted under this Agreement, or upon the effectiveness of any written consent to the release of the security interest created under any Security Document in any Collateral pursuant to Section 10.01,[Section 9.02], the security interests in such Collateral created by the Security Documents shall be automatically released. In connection with any termination or release pursuant to this Section 10.15(a), the Administrative Agent shall execute and deliver to any Loan Party, at such Loan Party’s expense, all documents that such Loan Party shall reasonably request to evidence such termination or release. Any execution and delivery of documents pursuant to this Section shall be without recourse to or warranty by the Administrative Agent.

If any of the Collateral Matters; Hedging Counterparties. (a) Notwithstanding anythingshall be sold, transferred or otherwise disposed of by any Loan Party in a transaction permitted by this Agreement, the Liens created by the Collateral Documents shall automatically terminate and be released with respect to such Collateral, without the delivery of any instrument or performance of any act by any Person being necessary to give effect thereto. Upon the consummation of any such sale, transfer or other disposal of Collateral, the Administrative Agent shall deliver to the contrary inLoan Party all such Collateral held by the Administrative Agent under any Loan Document,Document and, at the reasonable request and sole expense of such Loan Party, execute and deliver to such Loan Party releases or other documents necessary to evidence such termination or release. At the request and sole expense of the Borrower, a Guarantor shall automatically be released from its obligations under the Loan Documents, and all security interests created by the Security Documents in Collateral owned bythe event that all the capital stock or other equity interests of such Guarantor shall be automatically released, upon the consummationsold, transferred or otherwise disposed of anyin a transaction permitted by this Agreement as a result of whichor such Guarantor ceasesis no longer required by the Loan Documents to be a Subsidiary;Guarantor; provided that, if so required by this Agreement,that the Majority [[Organization B:Organization]]Borrower shall have consenteddelivered to such transactionthe Administrative Agent, at least 5 Business Days prior to the date of the proposed release, a written request for release identifying the relevant Guarantor and the terms of such consent shall not have provided otherwise. Upon anythe sale or other dispositionDisposition in reasonable detail, including the price thereof and any expenses in connection therewith, together with a certification by any Loan Party (other than to anythe Borrower stating that such transaction is in compliance with this Agreement and the other Loan Party) of any Collateral in a transaction permitted under this Agreement, or upon the effectiveness of any written consent to the release of the security interest created under any Security Document in any Collateral pursuant to Section 10.01, the security interests in such Collateral created by the Security Documents shall be automatically released. In connection with any termination or release pursuant to this Section 10.15(a), the Administrative Agent shall execute and deliver to any Loan Party, at such Loan Party’s expense, all documents that such Loan Party shall reasonably request to evidence such termination or release. Any execution and delivery of documents pursuant to this Section shall be without recourse to or warranty by the Administrative Agent.Documents.

Collateral Matters; Hedging Counterparties. (a) Notwithstanding anything to the contrary contained herein or in any other Loan Document, the Administrative Agent shall (without notice to, or vote or consent of, any Lender, the Issuing Bank or any affiliate of any Lender that is a party to any Hedging Agreement) take such actions as shall be required to release its security interest in any Collateral subject to any disposition permitted by the Loan Documents, and to release any guarantee obligations under any Loan Document of any person subject to such disposition, to the extent necessary to permit consummation of such disposition in accordance with the Loan Documents; provided that, if any Guarantor ceases to constitute a Wholly Owned Subsidiary, such Guarantor shall automaticallynot be released from its obligations under the Loan Documents, and all security interests created by the Security Documents in Collateral owned byGuarantee unless such Guarantor shall be automatically released, upon the consummation of any transaction permitted by this Agreement asis no longer a result of which such Guarantor ceases to be a Subsidiary; provided that, if so required by this Agreement, the Majority [[Organization B:Organization]] shall have consented to such transaction and the terms of such consent shall not have provided otherwise. Upon any saledirect or other disposition by any Loan Party (other than to any other Loan Party) of any Collateral in a transaction permitted under this Agreement, or upon the effectiveness of any written consent to the releaseindirect Subsidiary of the security interest created under any Security DocumentBorrower and such Dispositions of capital stock is a good faith Disposition to a bona fide unaffiliated third party for fair market value and for a bona fide business purpose (the requirements in any Collateral pursuant to Section 10.01, the security interests in such Collateral created by the Security Documents shall be automatically released. In connection with any termination or release pursuant to this Section 10.15(a)clause (c)(i), the Administrative Agent shall execute and deliver to any Loan Party, at such Loan Party’s expense, all documents that such Loan Party shall reasonably request to evidence such termination or release. Any execution and delivery of documents pursuant to this Section shall be without recourse to or warranty by the Administrative Agent.“Specified Guarantor Release Provision”);

Collateral Matters; Hedging Counterparties. (a) Notwithstanding anything to the contrary in any Loan Document, aA Subsidiary Guarantor shall automatically be released from its obligations under the Loan Documents,Guarantee and all security interests created by the Security Documents in Collateral owned by such Guarantor shall be automatically released,Agreement upon the consummation of any transaction permitted by this Agreement as a result of which such Subsidiary Guarantor ceases to be a Subsidiary; provided that, if so required by this Agreement, the MajorityRequired [[Organization B:A:Organization]] shall have consented to such transaction and the terms of such consent shall not have provided otherwise. Upon any sale or other disposition by any Loan Party (other than to any other Loan Party) of any Collateral in a transaction permitted under this Agreement, or upon the effectiveness of any written consent to the release of the security interest created under any Security Document in any Collateral pursuant to Section 10.01, the security interests in such Collateral created by the Security Documents shall be automatically released. In connection with any termination or release pursuant to this Section 10.15(a), the Section, [[Administrative AgentAgent:Organization]] shall (and is hereby irrevocably authorized by each Lender to) execute and deliver to any Loan Party, at such Loan Party’Party’s expense, all documents that such Loan Party shall reasonably request to evidence such termination or release. Any execution and delivery of documents pursuant to this Section shall be without recourse to or warranty by the [[Administrative Agent.Agent:Organization]].

Upon request by the Administrative Agent or the Collateral Matters; Hedging Counterparties. (a) Notwithstanding anythingAgent at any time, the Required ​ will confirm in writing the Administrative Agent’s or the Collateral Agent’s authority to the contraryrelease or subordinate its interest in particular types or items of property, or to release any Loan Document, a Guarantor shall automatically be released from its obligations under the Guaranty pursuant to this ‎[Section 9.11]. In each case as specified in this ‎[Section 9.11], the Administrative Agent or the Collateral Agent will promptly upon the request of the Borrower (and each Lender irrevocably authorizes the Administrative Agent and the Collateral Agent to), at the Borrower’s expense, execute and deliver to the applicable Loan Party such documents as the Borrower may reasonably request to evidence the release or subordination of such item of Collateral from the assignment and security interest granted under the Collateral Documents, and all security interests created byor to evidence the Security Documents in Collateral owned byrelease of such Guarantor shall be automatically released, uponfrom its obligations under the consummation of any transaction permitted by this Agreement as a result of which such Guarantor ceases to be a Subsidiary; provided that, if so required by this Agreement, the Majority [[Organization B:Organization]] shall have consented to such transaction andGuaranty, in each case in accordance with the terms of such consent shall not havethe Loan Documents and this ‎[Section 9.11] (and the Administrative Agent and the Collateral Agent may rely conclusively on a certificate of a Responsible Officer of the Borrower to that effect provided otherwise. Upon any sale or other dispositionto it by any Loan Party (other than to any other Loan Party) of any Collateral in a transaction permitted under this Agreement, or upon the effectiveness of any written consent to the release of the security interest created under any Security Document in any Collateral pursuant to Section 10.01, the security interests in such Collateral created by the Security Documents shall be automatically released. In connection with any termination or release pursuant to this Section 10.15(a), the Administrative Agent shall execute and deliver to any Loan Party, at such Loan Party’s expense, all documents that such Loan Party shall reasonablyits reasonable request to evidence such termination or release.without further inquiry). Any execution and delivery of documents pursuant to this Section shall be without recourse to or warranty by the Administrative Agent or the Collateral Agent. For the avoidance of doubt, no release of Collateral or Guarantors effected in the manner permitted by this ‎[Section 9.11] shall require the consent of any holder of obligations under Secured Hedge Agreements or any Treasury Services Agreements.