Common use of Administrative Agent under Collateral Documents and Guaranty Clause in Contracts

Administrative Agent under Collateral Documents and Guaranty. Each Lender hereby further authorizes Administrative Agent on behalf of and for the benefit of Lenders, to be the agent for and representative of Lenders with respect to the Guaranty, the Collateral and the Collateral Documents. Subject to Section 10.5, without further written consent or authorization from Lenders, Administrative Agent may execute any documents or instruments necessary to (i) release any Lien encumbering any item of Collateral that is the subject of a sale or other disposition of assets permitted hereby or to which Required Lenders (or such other Lenders as may be required to give such consent under Section 10.5) have otherwise consented, or (ii) release any Guarantor from the Guaranty pursuant to Section 7.12 or with respect to which Required Lenders (or such other Lenders as may be required to give such consent under Section 10.5) have otherwise consented.

Administrative Agent under Collateral Documents and Guaranty. Each Lender hereby further authorizes the Administrative Agent Agent, on behalf of and for the benefit of Lenders, to be the agent for and representative of the Lenders with respect to the Guarantyany guaranty, the Collateral and the Collateral Documents. Subject to Section 10.514.5, without further written consent or authorization from any Lenders, the Administrative Agent may shall, at the request and expense of Credit Parties, execute any documents or instruments necessary to to, (i) in connection with a sale or disposition of assets permitted by this Agreement, release any Lien encumbering any item of Collateral that is the subject of a such sale or other disposition of assets permitted hereby or to which Required Lenders (or such other Lenders as may be required to give such consent under Section 10.514.5) have otherwise consented, consented or (ii) release any Guarantor from the Guaranty pursuant to Section 7.12 any guaranty or with respect to which Required Lenders (or such other Lenders as may be required to give such consent under Section 10.514.5) have otherwise consented.

Administrative Agent under Collateral Documents and Guaranty. Each Lender hereby further authorizes the Administrative Agent Agent, on behalf of and for the benefit of Lendersthe Secured Parties, to be the agent for and representative of the Lenders with respect to the Guarantyany guaranty, the Collateral and the Collateral Documents. Subject to Section 10.513.5, without further written consent or authorization from any Lenders, the Administrative Agent may shall, at the request and expense of Credit Parties, execute any documents or instruments necessary to to, (i) in connection with a sale or disposition of assets permitted by this Agreement, release any Lien encumbering any item of Collateral that is the subject of a such sale or other disposition of assets permitted hereby or to which Required Lenders (or such other Lenders as may be required to give such consent under Section 10.513.5) have otherwise consented, consented or (ii) release any Guarantor from the Guaranty pursuant to Section 7.12 any guaranty or with respect to which Required Lenders (or such other Lenders as may be required to give such consent under Section 10.513.5) have otherwise consented.