Common use of Collateral and Guarantee Matters Clause in Contracts

Collateral and Guarantee Matters. The Lenders and the Issuing Banks irrevocably authorize the Administrative Agents and the Collateral Agent, to take any action permitted by Section 12.13. Upon request by an Administrative Agent or the Collateral Agent at any time, the Required Lenders will confirm in writing the applicable Administrative Agent’s or the Collateral Agent’s, as applicable, authority to release or subordinate its interest in particular types or items of property, or to release any Guarantor from its obligations under the Credit Party Guarantee pursuant to Section 12.13; provided that such authorization shall not in any event be or become a condition to the effectiveness of any such release or subordination if the provisions of Section 12.13 are otherwise satisfied.

Collateral and Guarantee Matters. The Lenders and the Issuing Banks irrevocably authorize the Administrative Agents Agent and the Collateral Agent, to take any action permitted by Section 12.13. Upon request by an the Administrative Agent or the Collateral Agent at any time, the Required Lenders will confirm in writing the applicable Administrative Agent’s 's or the Collateral Agent’s's, as applicable, authority to release or subordinate its interest in particular types or items of property, or to release any Guarantor from its obligations under the Credit Party Guarantee pursuant to Section 12.13; provided that such authorization shall not in any event be or become a condition to the effectiveness of any such release or subordination if the provisions of Section 12.13 are otherwise satisfied.

Collateral and Guarantee Matters. The Lenders and the Issuing Banks irrevocably authorize the Administrative Agents and the Collateral Agent, to take any action permitted by Section 12.13. Upon request by an anthe Administrative Agent or the Collateral Agent at any time, the Required Lenders will confirm in writing the applicable Administrative Agent’s 's or the Collateral Agent’s's, as applicable, authority to release or subordinate its interest in particular types or items of property, or to release any Guarantor from its obligations under the Credit Party Guarantee pursuant to Section 12.13; provided that such authorization shall not in any event be or become a condition to the effectiveness of any such release or subordination if the provisions of Section 12.13 are otherwise satisfied.

Collateral and Guarantee Matters. The Lenders and the Issuing Banks irrevocably authorize the Administrative Agents and the Collateral Agent, to take any action permitted by Section 12.13. Upon request by an Administrative Agent or the Collateral Agent at any time, the Required Lenders will confirm in writing the applicable Administrative Agent’s 's or the Collateral Agent’s's, as applicable, authority to release or subordinate its interest in particular types or items of property, or to release any Guarantor from its obligations under the Credit Party Guarantee pursuant to Section 12.13; provided that such authorization shall not in any event be or become a condition to the effectiveness of any such release or subordination if the provisions of Section 12.13 are otherwise satisfied.