Common use of Confirmation of Authority; Execution of Releases Clause in Contracts

Confirmation of Authority; Execution of Releases. Without in any manner limiting any Applicable Agent’s authority to act without any specific or further authorization or consent by Lenders (as set forth in this Section 8.2(h)), each Applicable Lender agrees to confirm in writing, upon request by Applicable Agent or Applicable Borrower Representative, the authority to release any Collateral conferred upon US Agent or Canadian Agent under clause (i) of Section 8.2(h). Upon receipt by US Agent or Canadian Agent of any required confirmation from the Requisite Lenders of its authority to release any particular item or types of Collateral, and upon at least ten (10) Business Days’ prior written request by Applicable Borrower Representative, such Agent shall (and is hereby irrevocably authorized by Lenders to) execute such documents as may be necessary to evidence the release of the Liens granted to such Agent upon such Collateral; provided, however, that (x) no Agent shall be required to execute any such document on terms which, in its opinion, would expose it to liability or create any obligation or entail any consequence other than the release of such Liens without recourse or warranty, and (y) such release shall not in any manner discharge, affect or impair the Obligations or any Liens upon (or obligations of any Credit Party in respect of), all interests retained by any Credit Party, including the proceeds of any sale, all of which shall continue to constitute part of the Collateral.

Confirmation of Authority; Execution of Releases. Without in any manner limiting any Applicable Agent’s or Canadian Agent’s authority to act without any specific or further authorization or consent by Lenders (as set forth in this Section 8.2(h8.2(i)(i)), each Applicable Lender agrees to confirm in writing, upon request by Applicable Agent or Applicable Canadian Agent or Borrower Representative, the authority to release any Collateral conferred upon US Agent or Canadian Agent under clause clauses (ix) and (y) of Section 8.2(h8.2(i)(i). Upon receipt by US Agent or Canadian Agent of any required confirmation from the Requisite Lenders of its authority to release any particular item or types of Collateral, and upon at least ten (10) Business Days’ prior written request by Applicable Borrower Representative, such Agent or Canadian Agent shall (and is hereby irrevocably authorized by Lenders to) execute such documents as may be necessary to evidence the release of the Liens granted to such Agent or Canadian Agent upon such Collateral; provided, however, that (x) no Agent or Canadian Agent shall not be required to execute any such document on terms which, in its Agent’s or Canadian Agent’s opinion, would expose it Agent or Canadian Agent to liability or create any obligation or entail any consequence other than the release of such Liens without recourse or warranty, and (y) such release shall not in any manner discharge, affect or impair the Obligations or any Liens upon (or obligations of any Credit Party Party, in respect of), all interests retained by any Credit Party, including the proceeds of any sale, all of which shall continue to constitute part of the Collateral.

Confirmation of Authority; Execution of Releases. Without in any manner limiting any Applicable Agent’s 's or Canadian Agent's authority to act without any specific or further authorization or consent by Lenders (as set forth in this Section 8.2(h8.2(h)(i)), each Applicable Lender agrees to confirm in writing, upon request by Applicable Agent or Applicable Canadian Agent or Borrower Representative, the authority to release any Collateral conferred upon US Agent or Canadian Agent under clause clauses (ix) and (y) of Section 8.2(h8.2(h)(i). Upon receipt by US Agent or Canadian Agent of any required confirmation from the Requisite Lenders of its authority to release any particular item or types of Collateral, and upon at least ten (10) Business Days’ ' prior written request by Applicable Borrower Representative, such Agent or Canadian Agent shall (and is hereby irrevocably authorized by Lenders to) execute such documents as may be necessary to evidence the release of the Liens granted to such Agent or Canadian Agent upon such Collateral; provided, however, that (x) no Agent or Canadian Agent shall not be required to execute any such document on terms which, in its Agent's or Canadian Agent's opinion, would expose it Agent or Canadian Agent to liability or create any obligation or entail any consequence other than the release of such Liens without recourse or warranty, and (y) such release shall not in any manner discharge, affect or impair the Obligations or any Liens upon (or obligations of any Credit Party Party, in respect of), all interests retained by any Credit Party, including the proceeds of any sale, all of which shall continue to constitute part of the Collateral.