Common use of Agents under Security Documents and Guaranty Clause in Contracts

Agents under Security 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 Security Documents. Subject to Section 9.5, 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 Requisite Lenders (or such other Lenders as may be required to give such consent under Section 9.5) have otherwise consented or (ii) release any Guarantor from its Guaranty and the Security Documents it is party to if all of the Capital Stock of such Guarantor is sold or Disposed of in a transaction permitted hereby, or with respect to which Requisite Lenders (or such other Lenders as may be required to give such consent under Section 9.5) have otherwise consented.

Agents under Security Documents and Guaranty. Each Lender hereby further authorizes Administrative Agent, Agent on behalf of and for the benefit of Lenders, to be the agent for and representative of Lenders with respect to the Intercreditor Agreement, the Guaranty, the Collateral and the Security Documents. Subject to Section 9.510.5, 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 Requisite Required Lenders (or such other Lenders as may be required to give such consent under Section 9.510.5) have otherwise consented or (ii) release any Guarantor from its the Guaranty and the Security Documents it is party pursuant to if all of the Capital Stock of such Guarantor is sold or Disposed of in a transaction permitted hereby, Section 7.12 or with respect to which Requisite Required Lenders (or such other Lenders as may be required to give such consent under Section 9.510.5) have otherwise consented.

Agents under Security Documents and Guaranty. Each Lender hereby further authorizes Administrative Agent, 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 Security Documents. Subject to Section 9.510.5, 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 Requisite Required Lenders (or such other Lenders as may be required to give such consent under Section 9.510.5) have otherwise consented or (ii) release any Guarantor from its the Guaranty and the Security Documents it is party to if all of the Capital Stock of such Guarantor is sold or Disposed of in a transaction permitted hereby, or with respect to which Requisite Required Lenders (or such other Lenders as may be required to give such consent under Section 9.510.5) have otherwise consented.