Common use of Consents and Releases Clause in Contracts

Consents and Releases. The Company hereby consents and agrees to the transactions contemplated by Sections 6 and 7 and hereby releases, effective on the First Amendment Effective Date, the Departing Lenders from all their obligations under the Credit Agreement. The Continuing Lenders and the Company agree that, on the First Amendment Effective Date, the obligations of the Company, the Administrative Agent and the Continuing Lenders shall, except as expressly set forth herein, be limited to those set forth in the A&R Credit Agreement.

Appears in 1 contract

Samples: Assignment and First Amendment Agreement (Chrysler Group LLC)

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Consents and Releases. The Company hereby consents and agrees to the transactions contemplated by Sections 6 and 7 and hereby releases, effective on the First Amendment Effective Effectiveness Date, the Departing Lenders from all their obligations under the Existing Credit AgreementAgreements. The Continuing Lenders and the Company agree that, on upon the First Amendment Effective Dateeffectiveness of the amendment, restatement and combination provided for in Section 3, the obligations of the CompanyBorrowers, the Administrative Agent and the Continuing Lenders shall, except as expressly set forth herein, be limited to those set forth in the A&R Restated Credit Agreement.

Appears in 1 contract

Samples: Effectiveness Agreement (Alliant Techsystems Inc)

Consents and Releases. The Company hereby consents and agrees to the transactions contemplated by Sections 6 and 7 and hereby releases, effective on the First Amendment Effective Effectiveness Date, the Departing Lenders from all their obligations under the Existing Credit Agreement. The Continuing Lenders and the Company agree that, on upon the First Amendment Effective Dateeffectiveness of the amendment and restatement provided for in Section 3, the obligations of the CompanyBorrowers, the Administrative Agent and the Continuing Lenders shall, except as expressly set forth herein, be limited to those set forth in the A&R Restated Credit Agreement.

Appears in 1 contract

Samples: Effectiveness Agreement (Telemundo Holding Inc)

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Consents and Releases. The Company hereby consents and agrees to the transactions contemplated by Sections 5 and 6 and 7 and hereby releases, effective on the First Amendment Effective Date, the Departing Lenders from all their obligations under the Credit Agreement. The Continuing Lenders and the Company agree that, on the First Amendment Effective Date, the obligations of the Company, the Administrative Agent and the Continuing Lenders shall, except as expressly set forth herein, be limited to those set forth in the A&R Amended Credit Agreement.

Appears in 1 contract

Samples: Credit Agreement (Chrysler Group LLC)

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