Amendments, Guaranty Supplements, Etc. Subject to Section 10.01 of the Credit Agreement, no amendment or waiver of any provision of this Guaranty and no consent to any departure by any Guarantor therefrom shall in any event be effective unless the same shall be in writing and signed by the Administrative Agent (at the direction of the Required Lenders) and the Guarantors, and then such waiver or consent shall be effective only in the specific instance and for the specific purpose for which given. Upon a Guarantor becoming an Excluded Subsidiary, or ceasing to be a Restricted Subsidiary, in each case as a result of a transaction permitted under the Loan Documents, such Guarantor shall be released from this Guaranty in accordance with the provisions of Section 9.11
Appears in 2 contracts
Samples: Credit Agreement (PPD, Inc.), Subsidiary Guaranty (PPD, Inc.)
Amendments, Guaranty Supplements, Etc. Subject to Section 10.01 of the Credit Agreement, no (a) No amendment or waiver of any provision of this Guaranty and no consent to any departure by any Guarantor therefrom shall in any event be effective unless the same shall be in writing and signed by the Required Lenders and acknowledged by the Administrative Agent (at the direction of the Required Lenders) and the GuarantorsAgent, and then each such waiver or consent shall be effective only in the specific instance and for the specific purpose for which given. ; provided, however, certain amendment waivers or consents shall require the approvals of Lenders as set forth in Section 11.01 of the Credit Agreement.
(b) Upon a Guarantor becoming an Excluded Subsidiary, or ceasing to be a Restricted Subsidiary, in each case as a result the execution and delivery by any Person of a transaction permitted under guaranty supplement in substantially the Loan Documentsform of Exhibit A hereto (each, a “Guaranty Supplement”), (i) such Guarantor shall be released from this Guaranty in accordance with the provisions of Section 9.11Person
Appears in 2 contracts
Samples: Subsidiary Guaranty (Tiffany & Co), Subsidiary Guaranty (Tiffany & Co)