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

Authorization to Release Liens and Guarantees. The Agents are hereby irrevocably authorized by each of the Lenders to effect any release or subordination of Liens or Guarantee Obligations contemplated by Section 10.15 without further action or consent by the Lenders.

Appears in 7 contracts

Samples: Credit Agreement (Macquarie Infrastructure Corp), Credit Agreement (Macquarie Infrastructure Corp), Term Loan Agreement (Genesis Healthcare, Inc.)

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Authorization to Release Liens and Guarantees. The Agents are hereby irrevocably authorized by each of the Lenders to effect any release or subordination of Liens or Guarantee Obligations contemplated by Section 10.15 without further action or consent by the Lenders10.16.

Appears in 5 contracts

Samples: Credit Agreement (Wesco Aircraft Holdings, Inc), Credit Agreement (Wesco Aircraft Holdings, Inc), Credit Agreement (Wesco Aircraft Holdings, Inc)

Authorization to Release Liens and Guarantees. The Agents are Collateral Agent is hereby irrevocably authorized by each of the Lenders to effect any release or subordination of Liens or Guarantee Obligations contemplated by Section 10.15 without further action or consent by the Lenders10.15.

Appears in 3 contracts

Samples: Credit Agreement (Engility Holdings, Inc.), Credit Agreement (Engility Holdings, Inc.), Credit Agreement (Engility Holdings, Inc.)

Authorization to Release Liens and Guarantees. The Agents Administrative Agent 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 12.17 without further action or consent by the Lenders.

Appears in 2 contracts

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

Authorization to Release Liens and Guarantees. The Agents are Collateral Agent is hereby irrevocably authorized by each of the Lenders to effect any release or subordination of Liens or Guarantee Obligations contemplated by Section 10.15 without further action or consent by 10.15, subject to the LendersIntercreditor Agreement.

Appears in 2 contracts

Samples: Second Lien Credit Agreement (Engility Holdings, Inc.), First Lien Credit Agreement (Engility Holdings, Inc.)

Authorization to Release Liens and Guarantees. The Agents are Collateral 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 10.15 without further action or consent by the Lenders9.12.

Appears in 2 contracts

Samples: Credit Agreement (Pope & Talbot Inc /De/), Debt and Security Agreement (Pope & Talbot Inc /De/)

Authorization to Release Liens and Guarantees. The Agents are hereby irrevocably authorized by each of the Lenders to effect any release or subordination of Liens or Guarantee Obligations contemplated by Section 10.15 9.15 without further action or consent by the Lenders.

Appears in 1 contract

Samples: Second Lien Credit Agreement (Vertrue Inc)

Authorization to Release Liens and Guarantees. The Agents are hereby irrevocably authorized by each of the Lenders to effect any release or subordination of Liens or Guarantee Obligations contemplated by Section 10.15 without further action 9.15 or consent by upon written instruction of the Lenders or Required Lenders, as applicable.

Appears in 1 contract

Samples: Term Loan Agreement (Horizon Lines, Inc.)

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Authorization to Release Liens and Guarantees. The Agents are Collateral 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 10.15 without further action or consent by the Lenders11.5.

Appears in 1 contract

Samples: Credit Agreement (Ign Entertainment Inc)

Authorization to Release Liens and Guarantees. The Agents Administrative Agent 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 β€Ž13.17 without further action or consent by the Lenders.

Appears in 1 contract

Samples: Incremental Revolving Credit Commitment Increase Agreement (MultiPlan Corp)

Authorization to Release Liens and Guarantees. The Agents are hereby irrevocably authorized by each of the Lenders to effect any release or subordination of Liens or Guarantee Obligations contemplated by Loan Guarantees in accordance with Section 10.15 without further action or consent by the Lenders9.15.

Appears in 1 contract

Samples: Term Loan Agreement (Horizon Lines, Inc.)

Authorization to Release Liens and Guarantees. The Agents are Collateral 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 10.15 without further action or consent by the Lenders10.15.

Appears in 1 contract

Samples: Credit Agreement (Key Energy Services Inc)

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