Common use of Confirmation of Authority Clause in Contracts

Confirmation of Authority. Execution of Releases. Without in any manner limiting any Agent's authority to act without any specific or further authorization or consent by Lenders (as set forth in Section 8.2(h)(i)), each Lender agrees to confirm in writing, upon request by any Authorized Agent or any Borrower Representative, the authority to release any Collateral conferred upon such Agent under clauses (x) and (y) of Section 8.2(h)(i). Upon receipt by any Authorized 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 Appropriate 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, 81 that (x) such Agent shall not be required to execute any such document on terms which, in such Agent's opinion, would expose such 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, 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 ReleasesEXECUTION OF RELEASES. Without in any manner limiting any Agent's authority to act without any specific or further authorization or consent by Lenders (as set forth in Section SECTION 8.2(h)(i)), each Lender agrees to confirm in writing, upon request by any Authorized Agent or any Borrower RepresentativeBorrower, the authority to release any Collateral conferred upon such Agent under clauses (x) and (y) of Section SECTION 8.2(h)(i). Upon receipt by any Authorized 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 Appropriate Borrower RepresentativeBorrower, 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; providedPROVIDED, howeverHOWEVER, 81 that (x) such Agent shall not be required to execute any such document on terms which, in such Agent's opinion, would expose such 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, 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 ReleasesEXECUTION OF RELEASES. Without in any manner limiting any Agent's authority to act without any specific or further authorization or consent by Lenders (as set forth in Section 8.2(h)(ithis subsection 8.2.8(a)), each Lender agrees to confirm in writing, upon request by any Authorized Agent or any Borrower RepresentativeBorrower, the authority to release any Collateral conferred upon such Agent under clauses (x) and (y) of Section 8.2(h)(i)Agent. Upon receipt by any Authorized 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' Days prior written request by Appropriate Borrower RepresentativeBorrower, 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 liens granted to such Agent upon such Collateral; provided, however, 81 that (xi) such Agent shall not be required to execute any such document on terms which, in such Agent's opinion, would expose such Agent to liability or create any obligation or entail any consequence other than the release of such Liens liens without recourse or warranty, and (yii) such release shall not in any manner discharge, affect or impair the Indebtedness or Obligations or any Liens liens upon (or obligations of any Credit PartyLender, in respect of), all interests retained by any Credit PartyLender, including (without limitation) the proceeds of any sale, all of which shall continue to constitute part of the Collateral.

Confirmation of Authority. Execution of ReleasesEXECUTION OF RELEASES. Without in any manner limiting any Agent's authority to act without any specific or further authorization or consent by Lenders (as set forth in Section SECTION 8.2(h)(i)), each Lender agrees to confirm in writing, upon request by any Authorized Agent or any Borrower Representative, the authority to release any Collateral conferred upon such Agent under clauses (x) and (y) of Section SECTION 8.2(h)(i). Upon receipt by any Authorized 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 Appropriate 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; providedPROVIDED, howeverHOWEVER, 81 that (x) such Agent shall not be required to execute any such document on terms which, in such Agent's opinion, would expose such 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, 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 Agent's authority to act without any specific or further authorization or consent by Lenders (as set forth in Section 8.2(h)(isubsection 9.2(H)(1)), each Lender agrees to confirm in writing, upon request by any Authorized Agent or any Borrower RepresentativeBorrower, the authority to release any Collateral property covered by this Agreement or the Loan Documents conferred upon such Agent under clauses (x) and (y) of Section 8.2(h)(isubsection 9.2(H)(1). Upon So long as no Event of Default is then continuing, upon receipt by any Authorized Agent of any required confirmation from the Requisite Lenders requisite percentage of Lenders, of its authority to release any particular item or types of Collateralproperty covered by this Agreement or the Loan Documents, and upon at least ten five (105) Business Days' Days prior written request by Appropriate Borrower RepresentativeBorrower, 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 for the benefit of Lenders herein or pursuant hereto upon such Collateral; provided, however, 81 that (xi) such Agent shall not be required to execute any such document on terms which, in such Agent's opinion, would expose such Agent to liability or create any obligation or entail any consequence other than the release of such Liens without recourse or warranty, and (yii) such release shall not in any manner discharge, affect or impair the Obligations or any Liens upon (or obligations of any Credit Loan Party, in respect of), ) all interests retained by any Credit Loan Party, including including, without limitation, the proceeds of any sale, all of which shall continue to constitute part of the Collateralproperty covered by this Agreement or the Loan Documents.

Confirmation of Authority. Execution of Releases. Without in any manner limiting any Agent's authority to act without any specific or further authorization or consent by Requisite Lenders (as set forth in Section 8.2(h)(i10.4(a)), each Lender agrees to confirm in writing, upon request by any Authorized Agent or any Borrower RepresentativeBorrowers, the authority to release any Collateral Property covered by the Security Documents conferred upon such Agent under clauses (xi) and through (yiii) of Section 8.2(h)(i10.4(a). Upon So long as no Event of Default is then continuing, upon receipt by any Authorized Agent of any required confirmation from the Requisite Lenders of its authority to release any particular item or types of CollateralProperty covered by the Security Documents, and upon at least ten five (105) Business Days' Days prior written request by Appropriate Borrower RepresentativeBorrowers, 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 for the benefit of Lenders or pursuant hereto upon such Collateral; provided, however, 81 that (xi) such Agent shall not be required to execute any such document on terms which, in such Agent's opinion, would expose such Agent to liability or create any obligation or entail any consequence other than the release of such Liens without recourse or warranty, and (yii) such release shall not in any manner discharge, affect or impair the Obligations or any Liens upon (or obligations of any Credit Party, Borrower in respect of), ) all interests retained by any Credit Partysuch Borrower, including (without limitation) the proceeds of any sale, all of which shall continue to constitute part of the CollateralProperty covered by the Security Documents.