Common use of Authorization to Release Liens and Guarantees Clause in Contracts

Authorization to Release Liens and Guarantees. The Administrative Agent is hereby irrevocably authorized by each of the Lenders to effect any release of Liens or guarantee obligations contemplated by Section 10.15.

Appears in 60 contracts

Samples: Credit Agreement (National CineMedia, Inc.), Credit Agreement (National CineMedia, Inc.), Credit Agreement (National CineMedia, Inc.)

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Authorization to Release Liens and Guarantees. The Administrative Agent is Agents are hereby irrevocably authorized by each of the Lenders to effect any release or subordination of Liens or guarantee obligations Guarantee Obligations contemplated by Section 10.15.

Appears in 20 contracts

Samples: Credit Agreement (Booz Allen Hamilton Holding Corp), Collateral Agreement (Revlon Consumer Products Corp), Existing Credit Agreement (Revlon Consumer Products Corp)

Authorization to Release Liens and Guarantees. The Administrative Agent is and the Collateral Agent are hereby irrevocably authorized by each of the Lenders to effect any release or subordination of Liens or guarantee obligations the Guarantees contemplated by Section 10.1513.17 without further action or consent by the Lenders.

Appears in 16 contracts

Samples: Security Agreement (MultiPlan Corp), Incremental Agreement (Snap One Holdings Corp.), Junior Priority Intercreditor Agreement (Snap One Holdings Corp.)

Authorization to Release Liens and Guarantees. The Administrative Agent is hereby irrevocably authorized by each of the Lenders to effect any release of Liens or guarantee obligations contemplated by Section 10.159.15.

Appears in 8 contracts

Samples: Credit Agreement (NGA Holdco, LLC), Credit Agreement (Delta Petroleum Corp/Co), Credit Agreement (Iconix Brand Group, Inc.)

Authorization to Release Liens and Guarantees. The Administrative Agent is and the Collateral Agent are hereby irrevocably authorized by each of the Lenders to effect any release of Liens or guarantee obligations contemplated by Section 10.15.

Appears in 6 contracts

Samples: Revolving Credit Agreement (National CineMedia, Inc.), Credit Agreement (Rotech Healthcare Inc), Credit Agreement (Rotech Healthcare Inc)

Authorization to Release Liens and Guarantees. The Administrative Agent is hereby irrevocably authorized by each of the Lenders to effect any release of Liens or guarantee obligations contemplated by Section 10.1512.16.

Appears in 6 contracts

Samples: Credit Agreement (Six Flags Entertainment Corp), Credit Agreement (Six Flags Entertainment Corp), Credit Agreement (Six Flags Entertainment Corp)

Authorization to Release Liens and Guarantees. The Administrative Agent is hereby irrevocably authorized by each of the Lenders to effect any release or subordination of Liens or guarantee obligations Guarantee Obligations contemplated by Section 10.1510.15 without further action or consent by the Lenders.

Appears in 5 contracts

Samples: Credit Agreement (Vince Holding Corp.), Credit Agreement (Apparel Holding Corp.), Credit Agreement (Yankee Holding Corp.)

Authorization to Release Liens and Guarantees. The Administrative Agent is hereby irrevocably authorized by each of the Lenders to effect any release of Liens or guarantee obligations contemplated by Section 10.1511.15.

Appears in 4 contracts

Samples: Credit Agreement (U-Store-It Trust), Credit Agreement (U-Store-It Trust), Credit Agreement (Dobson Communications Corp)

Authorization to Release Liens and Guarantees. The Administrative Agent is hereby irrevocably authorized by each of the Lenders to effect any release or subordination of Liens or guarantee obligations the Guarantees contemplated by Section 10.159.15 without further action or consent by the Lenders.

Appears in 3 contracts

Samples: Collateral Agreement (Blue Buffalo Pet Products, Inc.), Credit Agreement (Blue Buffalo Pet Products, Inc.), Credit Agreement (Blue Buffalo Pet Products, Inc.)

Authorization to Release Liens and Guarantees. The Administrative Agent is hereby irrevocably authorized by each of the Lenders to effect any release of Liens or guarantee obligations contemplated by Section 10.1510.16.

Appears in 3 contracts

Samples: Credit Agreement (Six Flags Entertainment Corp), Credit Agreement (Cumulus Media Inc), Credit Agreement (K&f Industries Inc)

Authorization to Release Liens and Guarantees. The Administrative Agent is hereby irrevocably authorized by each of the Lenders to effect any release of Liens or guarantee obligations Guarantee Obligations contemplated by Section 10.1510.16.

Appears in 3 contracts

Samples: Credit Agreement (Standard Aero Holdings Inc.), Credit Agreement (Cogent Management Inc), Senior Secured Credit Agreement (Day International Group Inc)

Authorization to Release Liens and Guarantees. The Administrative Agent is hereby irrevocably authorized by each of the Lenders to (i) effect any release of Liens or guarantee obligations contemplated by Section 10.1510.15 and (ii) subordinate any Lien on any property granted to or held by the Administrative Agent under any Loan Document to the holder of any “Permitted Lien” (as defined in Section 10.15(a)) to the extent contemplated by Section 10.15(a)(ii).

Appears in 2 contracts

Samples: Credit Agreement (Cinemark Usa Inc /Tx), Credit Agreement (Cinemark Holdings, Inc.)

Authorization to Release Liens and Guarantees. The Administrative Agent is hereby irrevocably authorized by each of the Lenders Secured Party to effect any release or subordination of Liens or guarantee obligations the Guarantees contemplated by Section 10.159.15 without further action or consent by any Secured Party.

Appears in 2 contracts

Samples: Credit Agreement (Ww International, Inc.), Equal Priority Intercreditor Agreement (Weight Watchers International Inc)

Authorization to Release Liens and Guarantees. The Administrative Agent is hereby irrevocably authorized by each of the Lenders to effect any release of Liens or guarantee obligations contemplated by Section 10.159.15 of this Agreement or Section 2 of the Guarantee and Collateral Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Franklin BSP Realty Trust, Inc.), Credit Agreement (Benefit Street Partners Realty Trust, Inc.)

Authorization to Release Liens and Guarantees. The Administrative Agent is hereby irrevocably authorized by each of the Lenders to effect any release of Liens or guarantee obligations contemplated by Section 10.155.09.

Appears in 2 contracts

Samples: Senior Secured Credit Agreement (Interstate Hotels & Resorts Inc), Senior Secured Credit Agreement (Interstate Hotels & Resorts Inc)

Authorization to Release Liens and Guarantees. The Administrative Agent is and the Collateral Agent are hereby irrevocably authorized by each of the Lenders to effect any release or subordination of Liens or guarantee obligations the Guarantees contemplated by Section 10.1512.17 without further action or consent by the Lenders.

Appears in 2 contracts

Samples: Lease Agreement (Goodman Global Group, Inc.), Term Loan Credit Agreement (Goodman Sales CO)

Authorization to Release Liens and Guarantees. The Administrative Agent is and the Collateral Agent are hereby irrevocably authorized by each of the Lenders to effect any release or subordination of Liens or guarantee obligations the Guarantees contemplated by Section 10.15.13.17 without further action or consent by the Lenders. EXECUTION COPY

Appears in 2 contracts

Samples: Lease Agreement (Goodman Global Group, Inc.), Revolving Credit Agreement (Goodman Sales CO)

Authorization to Release Liens and Guarantees. The Each --------------------------------------------- Administrative Agent is hereby irrevocably authorized by each of the Lenders to effect any release of Liens or guarantee obligations contemplated by Section 10.1515.15.

Appears in 2 contracts

Samples: Credit and Guarantee Agreement (SMTC Corp), Credit and Guarantee Agreement (SMTC Corp)

Authorization to Release Liens and Guarantees. The Each Administrative Agent is hereby irrevocably authorized by each of the Lenders to effect any release of Liens or guarantee obligations contemplated by Section 10.1512.15.

Appears in 2 contracts

Samples: Credit Agreement (Cott Corp /Cn/), Credit Agreement (Cott Corp /Cn/)

Authorization to Release Liens and Guarantees. The Administrative Agent is hereby irrevocably authorized by each of the Lenders to effect any release of Liens or guarantee obligations contemplated by Section 10.1510.15 of this Agreement or Section 3.15 of the Guarantee Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Chatham Lodging Trust), Credit Agreement (Chatham Lodging Trust)

Authorization to Release Liens and Guarantees. The Administrative Agent is hereby irrevocably authorized by each of the Lenders to effect any release of Liens or guarantee obligations contemplated by Section 10.1513.15.

Appears in 2 contracts

Samples: Credit Agreement (Premier Parks Inc), Credit Agreement (Six Flags Inc)

Authorization to Release Liens and Guarantees. The Administrative Agent is hereby irrevocably authorized by each of the Lenders to effect any release of Liens or guarantee obligations contemplated by Section 10.155.1 of the Intercreditor Agreement.

Appears in 2 contracts

Samples: Credit Agreement (National Coal Corp), Revolving Credit Agreement (National Coal Corp)

Authorization to Release Liens and Guarantees. The Administrative Agent is hereby irrevocably authorized by each of the Lenders to effect any release of Liens or guarantee obligations contemplated by which has been consented to in accordance with Section 10.1512.1.

Appears in 1 contract

Samples: Credit and Guarantee Agreement (Impath Inc)

Authorization to Release Liens and Guarantees. The Administrative Agent is hereby irrevocably authorized by each of the Lenders to effect any release of Liens or guarantee obligations contemplated by Section 10.15.

Appears in 1 contract

Samples: Credit Agreement (White Mountains Insurance Group LTD)

Authorization to Release Liens and Guarantees. The Administrative Agent is hereby irrevocably authorized by each of the Lenders Funding Parties to effect any release of Liens or guarantee obligations Guarantee Obligations contemplated by Section 10.1510.16.

Appears in 1 contract

Samples: Credit Agreement (Vought Aircraft Industries Inc)

Authorization to Release Liens and Guarantees. The Each of the Administrative Agent and the Collateral Agent is hereby irrevocably authorized by each of the Lenders to effect any release of Liens or guarantee obligations contemplated by Section 10.15.

Appears in 1 contract

Samples: Credit Agreement (Parker Drilling Co /De/)

Authorization to Release Liens and Guarantees. The Administrative Agent is hereby irrevocably authorized by each of the Lenders to effect any release of Liens or guarantee obligations contemplated by Section 10.15Loan Documents.

Appears in 1 contract

Samples: Term Loan Agreement (Radnor Holdings Corp)

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Authorization to Release Liens and Guarantees. The Administrative Agent is and the Collateral Agent are hereby irrevocably authorized by each of the Lenders to effect any release or subordination of Liens or guarantee obligations the Guarantees contemplated by Section 10.15‎13.17 without further action or consent by the Lenders.

Appears in 1 contract

Samples: Credit Agreement (MultiPlan Corp)

Authorization to Release Liens and Guarantees. The Administrative Agent is hereby irrevocably authorized by each of the Lenders to effect release any release Lien covering any Property of Liens the Holdings or guarantee obligations contemplated any of its Subsidiaries that is the subject of a Disposition which is permitted by the Loan Documents or which has been consented to in accordance with Section 10.1510.1.

Appears in 1 contract

Samples: Tronox Inc

Authorization to Release Liens and Guarantees. The Administrative Agent is hereby irrevocably authorized by each of the Lenders to effect any release of Liens or guarantee obligations Guarantee Obligations contemplated by Section 10.15.

Appears in 1 contract

Samples: Credit Agreement (Empi Inc)

Authorization to Release Liens and Guarantees. The Administrative Agent is hereby irrevocably authorized by each of the Lenders to effect any release of Liens or guarantee obligations contemplated by Section 10.15, and only the Administrative Agent’s signature shall be required for any such action to be effective under any Loan Document, including such releases, as may be evidenced by a payoff, termination or release letter or agreement.

Appears in 1 contract

Samples: Credit Agreement (Archstone Smith Operating Trust)

Authorization to Release Liens and Guarantees. The Administrative Agent is hereby irrevocably authorized by each of the Lenders to release any Lien covering any Property of Holdings or any of its Subsidiaries that is the subject of a Disposition which is permitted by the Loan Documents or which has been consented to in accordance with Section 10.1 or to effect any other release of Liens or guarantee obligations contemplated by in accordance with Section 10.15.

Appears in 1 contract

Samples: Credit Agreement (Tronox Inc)

Authorization to Release Liens and Guarantees. The Administrative Agent is hereby irrevocably authorized by each of the Lenders to effect any release of Liens or guarantee obligations contemplated by Section 10.1510.15 or as otherwise specified in any Loan Document.

Appears in 1 contract

Samples: Credit Agreement (XCel Brands, Inc.)

Authorization to Release Liens and Guarantees. The Administrative Agent is hereby irrevocably authorized by each of the Lenders to effect any release of Liens or guarantee obligations contemplated by Section 10.15the Guarantee and Collateral Agreement.

Appears in 1 contract

Samples: Iv Term Loan Agreement (Global Geophysical Services Inc)

Authorization to Release Liens and Guarantees. The General Administrative Agent is hereby irrevocably authorized by each of the Lenders to effect any release of Liens or guarantee obligations contemplated by Section 10.1515.15.

Appears in 1 contract

Samples: Credit Agreement (SMTC Corp)

Authorization to Release Liens and Guarantees. The Administrative Agent is hereby irrevocably authorized by each of the Lenders to effect any release of Liens or guarantee obligations contemplated by Section 10.159.15 of this Agreement or Section 2 of the Guarantee Agreement.

Appears in 1 contract

Samples: Credit Agreement (KKR Real Estate Finance Trust Inc.)

Authorization to Release Liens and Guarantees. The Administrative Agent is hereby irrevocably authorized by each of the Lenders to (i) effect any release of Liens or guarantee obligations contemplated by Section 10.1510.15 and (ii) subordinate any Lien on any property granted to or held by the Administrative Agent under any Loan Document to the holder of any “Permitted Lien on such property that is permitted under” (as defined in Section 7.310.15(ea),) to the extent contemplated by Section 7.310.15(ga) or Section 7.3(mii).

Appears in 1 contract

Samples: Credit Agreement (Cinemark Usa Inc /Tx)

Authorization to Release Liens and Guarantees. The Administrative Agent is hereby irrevocably authorized by each of the Lenders to effect any release of Liens or guarantee obligations contemplated by Section 10.1512.5.

Appears in 1 contract

Samples: Credit Agreement (Six Flags, Inc.)

Authorization to Release Liens and Guarantees. The Administrative Agent is hereby irrevocably authorized by each of the Lenders to effect any release (or subordination) of Liens or guarantee obligations contemplated by Section 10.1510.16.

Appears in 1 contract

Samples: Credit Agreement (LKQ Corp)

Authorization to Release Liens and Guarantees. The Administrative Agent is hereby irrevocably authorized by each of the Lenders to (i) effect any release of Liens or guarantee obligations contemplated by Section 10.1510.15 and (ii) subordinate any Lien on any property granted to or held by the Administrative Agent under any Loan Document to the holder of any Lien on such property that is permitted under Section 7.3(e), Section 7.3(g) or Section 7.3(m).

Appears in 1 contract

Samples: Credit Agreement (Cinemark Holdings, Inc.)

Authorization to Release Liens and Guarantees. The Administrative Agent is hereby irrevocably authorized by each of the Lenders to effect any release of Liens or guarantee obligations contemplated by Section 10.1511.12 hereof.

Appears in 1 contract

Samples: Credit Agreement (CBD Media LLC)

Authorization to Release Liens and Guarantees. The Administrative --------------------------------------------- Agent is hereby irrevocably authorized by each of the Lenders to effect any release of Liens or guarantee obligations contemplated by Section 10.15.

Appears in 1 contract

Samples: Credit Agreement (Infonet Services Corp)

Authorization to Release Liens and Guarantees. The Administrative Agent is hereby irrevocably authorized by each of the Lenders to effect any release of Liens or guarantee obligations contemplated by Section 10.158.5 of the Guarantee and Collateral Agreement.

Appears in 1 contract

Samples: Credit Agreement (MVC Capital, Inc.)

Authorization to Release Liens and Guarantees. The Administrative Agent is hereby irrevocably authorized by each of Secured Party to effect, at the Lenders to effect Administrative Agent’s option and in its discretion, any release or subordination of Liens or guarantee obligations the Guarantees contemplated by Section 10.159.15 without further action or consent by any Secured Party.

Appears in 1 contract

Samples: Credit Agreement (Weight Watchers International Inc)

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