Common use of Confirmation of Authority Clause in Contracts

Confirmation of Authority. Execution of Releases. Without in ------------------------------------------------ any manner limiting Agent's authority to act without any specific or further authorization of Lenders or with the consent by Requisite Lenders or with the consent of less than all Lenders (as set forth in subsection 9.2(H)(1)), each Lender agrees to confirm in writing, upon request by Borrower, the authority to release any property covered by this Agreement or the Loan Documents conferred upon Agent under subsections 9.2(H)(1)(a) and (b). So long as no Event of Default is then continuing, upon receipt by Agent of confirmation from the Requisite Lenders or from the requisite percentage of Lenders specifically required by subsection 9.2(H)(1)(b), as the case may be, of its authority to release any particular item or types of property covered by this Agreement or the Loan Documents, and upon at least five (5) Business Days prior written request by Borrower, 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 Agent for the benefit of Lenders herein or pursuant hereto upon such collateral; provided, however, that (i) Agent shall not be -------- ------- required to execute any such document on terms which, in Agent's opinion, would expose Agent to liability or create any obligation or entail any consequence other than the release of such Liens without recourse or warranty, and (ii) such release shall not in manner discharge, affect or impair the Obligations or any Liens upon (or obligations of any Loan Party, in respect of), all interests retained by any Loan Party, including (without limitation) the proceeds of any sale, all of which shall continue to constitute part of the property covered by this Agreement or the Loan Documents.

Confirmation of Authority. Execution of ReleasesEXECUTION OF RELEASES. Without in ------------------------------------------------ any manner limiting Agent's authority to act without any specific or further authorization of Lenders or with the consent by Requisite Lenders or with the consent of less than all Lenders (as set forth in subsection 9.2(H)(1SECTION 8.2(H)(I)), each Lender agrees to confirm in writing, upon request by Agent or Borrower, the authority to release or subordinate any property covered by this Agreement or the Loan Documents Collateral conferred upon Agent under subsections 9.2(H)(1)(aclauses (w), (x) and (by) of SECTION 8.2(H)(I). So long as no Event of Default is then continuing, upon Upon receipt by Agent of any required confirmation from the Requisite Lenders or from the requisite percentage of Lenders specifically required by subsection 9.2(H)(1)(b), as the case may be, of its authority to release or subordinate Liens on any particular item or types of property covered by this Agreement or the Loan DocumentsCollateral, and upon at least five ten (510) Business Days Days' prior written request by Borrower, Agent shall (and is hereby irrevocably authorized by Lenders to) execute such documents as may be necessary to evidence the release or subordination of the Liens granted to Agent for the benefit of Lenders herein or pursuant hereto upon such collateralCollateral; providedPROVIDED, howeverHOWEVER, that (ix) Agent shall not be -------- ------- required to execute any such document on terms which, in Agent's opinion, would expose Agent to liability or create any obligation or entail any consequence other than the release of such Liens without recourse or warranty, and (iiy) such release or subordination shall not in any manner discharge, affect or impair the Obligations or any Liens upon (or obligations of any Loan Credit Party, in respect of), all interests retained by any Loan Credit Party, including (without limitation) the proceeds of any sale, all of which shall continue to constitute part of the property covered by this Agreement or the Loan DocumentsCollateral.

Confirmation of Authority. Execution of Releases. Without in ------------------------------------------------ any manner limiting Agent's authority to act without any specific or further authorization of Lenders or with the consent by Requisite Lenders or with the consent of less than all Lenders (as set forth in subsection 9.2(H)(110.4(a)), each Lender agrees to confirm in writing, upon request by Borrower, the authority to release any property covered by this Agreement or the Loan Security Documents conferred upon Agent under subsections 9.2(H)(1)(aclauses (i) and through (biii) of subsection 10.4(a). So long as no Event of Default is then continuing, upon receipt by Agent of confirmation from the Requisite Lenders or from the requisite percentage of Lenders specifically required by subsection 9.2(H)(1)(b), as the case may be, of its authority to release any particular item or types of property covered by this Agreement or the Loan Security Documents, and upon at least five (5) Business Days prior written request by Borrower, 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 Agent for the benefit of Lenders herein or pursuant hereto upon such collateralCollateral; provided, however, that (i) Agent shall not be -------- ------- required to execute any such document on terms which, in Agent's opinion, would expose Agent to liability or create any obligation or entail any consequence other than the release of such Liens without recourse or warranty, and (ii) such release shall not in any manner discharge, affect or impair the Obligations or any Liens upon (or obligations of any Loan PartyBorrower, in respect of), all interests retained by any Loan PartyBorrower, including (without limitation) the proceeds of any sale, all of which shall continue to constitute part of the property covered by this Agreement or the Loan Security Documents.

Confirmation of Authority. Execution of --------------------------------------- Releases. --------- Without in ------------------------------------------------ any manner limiting the Agent's authority to act without any specific or further authorization of Lenders or with the consent by Requisite the Lenders or with the consent of less than all Lenders (as set forth in subsection 9.2(H)(1)Section 8.8.1 (Release of Collateral), each Lender agrees to confirm in writing, upon request by Borrowerthe Borrowers, the authority to release any property covered by this Agreement or the Loan Financing Documents conferred upon the Agent under subsections 9.2(H)(1)(a) and Section 8.8.1 (bRelease of Collateral). So long as no Event of Default is then continuing, upon receipt by the Agent of confirmation from the Requisite Lenders or from the requisite percentage of Lenders specifically required by subsection 9.2(H)(1)(b), as the case may beLenders, of its authority to release any particular item or types of property covered by this Agreement or the Loan Financing Documents, and upon at least five (5) Business Days prior written request by Borrowerthe Borrowers, the Agent shall (and is hereby irrevocably authorized by the Lenders to) execute such documents as may be necessary to evidence the release of the Liens granted to the Agent for the benefit of the Lenders herein or pursuant hereto upon such collateralCollateral; provided, however, that (ia) the Agent shall not be -------- ------- required to execute any such document on terms which, in the Agent's opinion, would expose the Agent to liability or create any obligation or entail any consequence other than the release of such Liens without recourse or warranty, and (iib) such release shall not in any manner discharge, affect or impair the Obligations or any Liens upon (or obligations of any Loan PartyPerson, in respect of), all interests retained by any Loan PartyPerson, including (including, without limitation) , the proceeds of any sale, all of which shall continue to constitute part of the property covered by this Agreement or the Loan Financing Documents.

Confirmation of Authority. Execution of ReleasesEXECUTION OF RELEASES. Without in ------------------------------------------------ any manner limiting Agent's authority to act without any specific or further authorization of Lenders or with the consent by the Requisite Lenders or with the consent of less than all Lenders (as set forth in subsection 9.2(H)(1)), each Lender agrees to confirm in writing, upon request by Borrower, the authority to release any property covered by this Agreement or the Loan Security Documents conferred upon the Agent under subsections 9.2(H)(1)(aclauses (i) through (iv) of subsection 9.2(H)(1) and (bunder subsection 9.3(C). So long as no Default or Event of Default is then continuing, upon receipt by Agent of confirmation from the Requisite Lenders or from the requisite percentage of Lenders specifically required by subsection 9.2(H)(1)(b9.3(C), as the case may be, of its authority to release any particular item or types of property covered by this Agreement or the Loan Security Documents, and upon at least five (5) Business Days prior written request by Borrower, Agent shall (and is hereby irrevocably authorized by the Lenders to) execute such documents as may be necessary to evidence the release of the Liens granted to the Agent for the benefit of the Lenders herein or pursuant hereto upon such collateralCollateral; providedPROVIDED, howeverHOWEVER, that (i) Agent shall not be -------- ------- required to execute any such document on terms which, in Agent's opinion, would expose Agent to liability or create any obligation or entail any consequence other than the release of such Liens without recourse or warranty, and (ii) such release shall not in any manner discharge, affect or impair the Obligations obligations or any Liens upon (or obligations of any Loan Party, Party in respect of), all interests retained by any Loan Party, including (without limitation) the proceeds of any sale, all of which shall continue to constitute part of the property covered by this Agreement or the Loan Security Documents.

Confirmation of Authority. Execution of Releases. Without in ------------------------------------------------ any manner limiting Agent's authority to act without any specific or further authorization of Lenders or with the consent by the Requisite Lenders or with the consent of less than all Lenders (as set forth in subsection 9.2(H)(1)), each Lender agrees to confirm in writing, upon request by Borrower, the authority to release any property covered by this Agreement or the Loan Security Documents conferred upon the Agent under subsections 9.2(H)(1)(aclauses (i) through (iv) of subsection 9.2(H)(1) and (bunder subsection 9.3(C). So long as no Default or Event of Default is then continuing, upon receipt by Agent of confirmation from the Requisite Lenders or from the requisite percentage of Lenders specifically required by subsection 9.2(H)(1)(b9.3(C), as the case may be, of its authority to release any particular item or types of property covered by this Agreement or the Loan Security Documents, and upon at least five (5) Business Days prior written request by Borrower, Agent shall (and is hereby irrevocably authorized by the Lenders to) execute such documents as may be necessary to evidence the release of the Liens granted to the Agent for the benefit of the Lenders herein or pursuant hereto upon such collateralCollateral; provided, however, that (i) Agent shall not be -------- ------- required to execute any such document on terms which, in Agent's opinion, would expose Agent to liability or create any obligation or entail any consequence other than the release of such Liens without recourse or warranty, and (ii) such release shall not in any manner discharge, affect or impair the Obligations obligations or any Liens upon (or obligations of any Loan Party, Party in respect of), all interests retained by any Loan Party, including (without limitation) the proceeds of any sale, all of which shall continue to constitute part of the property covered by this Agreement or the Loan Security Documents.

Confirmation of Authority. Execution of ReleasesEXECUTION OF RELEASES. Without in ------------------------------------------------ any manner limiting Agent's authority to act without any specific or further authorization of Lenders or with the consent by Requisite Lenders or with the consent of less than all Lenders (as set forth in subsection 9.2(H)(1Subsection 14.4(a)), each Lender agrees to confirm in writing, upon request by Borrower, the authority to release any property covered by this Agreement or the Loan Documents conferred upon Agent under subsections 9.2(H)(1)(aclauses (i) and through (biii) of Subsection 14.4(a). So long as no Event of Default is then continuing, upon receipt by Agent of confirmation from the Requisite Lenders or from the requisite percentage of Lenders specifically required by subsection 9.2(H)(1)(b), as the case may be, of its authority to release any particular item or types of property covered by this Agreement or the Loan Documents, and upon at least five (5) Business Days prior written request by Borrower, 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 Agent for the benefit of Lenders herein or pursuant hereto upon such collateralCollateral; providedPROVIDED, howeverHOWEVER, that (i) Agent shall not be -------- ------- required to execute any such document on terms which, in Agent's opinion, would expose Agent to liability or create any obligation or entail any consequence other than the release of such Liens without recourse or warranty, and (ii) such release shall not in any manner discharge, affect or impair the Obligations or any Liens upon (or obligations of any Loan PartyBorrower, in respect of), all interests retained by any Loan PartyBorrower, including (without limitation) the proceeds of any sale, all of which shall continue to constitute part of the property covered by this Agreement or the Loan Documents.