Common use of Authorization to Release Liens and Limit Amount of Certain Claims Clause in Contracts

Authorization to Release Liens and Limit Amount of Certain Claims. The Administrative Agent is hereby irrevocably authorized by each of the Lenders to release any Lien covering any Property of the Borrower or its Subsidiaries that is the subject of a disposition that is permitted by this Agreement or that has been consented to in accordance with Section 10.13.

Appears in 3 contracts

Samples: Credit Agreement (Granite City Food & Brewery Ltd.), Credit Agreement (Granite City Food & Brewery LTD), Credit Agreement (Champion Industries Inc)

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Authorization to Release Liens and Limit Amount of Certain Claims. The Administrative Agent is hereby irrevocably authorized by each of the Lenders Lender to release any Lien covering any Property of the Borrower or its Subsidiaries that is the subject of a disposition that is permitted by this Agreement or that has been consented to in accordance with Section 10.1310.11.

Appears in 1 contract

Samples: Credit Agreement (Champion Industries Inc)

Authorization to Release Liens and Limit Amount of Certain Claims. The Administrative Agent is hereby irrevocably authorized by each of the Lenders to release any Lien covering any Property of the Borrower or its Subsidiaries that is the subject of a disposition that is permitted by this Agreement or that has been consented to in accordance with Section 10.1310.11 or that is subject to a Targeted Transaction or Designated Transaction.

Appears in 1 contract

Samples: Credit Agreement (Champion Industries Inc)

Authorization to Release Liens and Limit Amount of Certain Claims. The Administrative Agent is hereby irrevocably authorized by each of the Lenders to (and shall, upon the written request of the Borrower) to: (i) (A) release any Lien covering any Property of the Borrower or its Subsidiaries that is the subject of a disposition that is permitted by this Agreement or that has been consented to in accordance with Section 10.13.10.11,

Appears in 1 contract

Samples: Loan Agreement (Fifth Third Bancorp)

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Authorization to Release Liens and Limit Amount of Certain Claims. The Administrative Agent is hereby irrevocably authorized by each of the Lenders to (and shall, upon the written request of the Borrower) to: (i) (A) release any Lien covering any Property of the Borrower or its Subsidiaries that is the subject of a disposition that is permitted by this Agreement or that has been consented to in accordance with Section 10.13.10.11;

Appears in 1 contract

Samples: Amendment and Restatement Agreement (Fifth Third Bancorp)

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