Common use of Further, the Administrative Agent Clause in Contracts

Further, the Administrative Agent. may (and is hereby irrevocably authorized by each Lender to), upon the request of the Company, release any Subsidiary Guarantor from its obligations under the Guaranty if such Subsidiary Guarantor is no longer a Subsidiary or is no longer required to be a Subsidiary Guarantor pursuant to the terms of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Watts Water Technologies Inc)

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Further, the Administrative Agent. may (and is hereby irrevocably authorized by each Lender to), upon the request of the CompanyBorrower, release any Subsidiary Guarantor from its obligations under the Guaranty if such Subsidiary Guarantor is no longer a Subsidiary or is no longer required to be a Subsidiary Guarantor pursuant to the terms of this AgreementMaterial Domestic Subsidiary.

Appears in 1 contract

Samples: Credit Agreement (Patterson Companies, Inc.)

Further, the Administrative Agent. may (and is hereby irrevocably authorized by each Lender to), upon the request of the CompanyBorrower, release any Subsidiary Guarantor from its obligations under the Subsidiary Guaranty if such Subsidiary Guarantor is no longer a Subsidiary or is no longer required to be a Subsidiary Guarantor pursuant to the terms of this AgreementMaterial Worldwide Subsidiary.

Appears in 1 contract

Samples: Credit Agreement (Lexmark International Inc /Ky/)

Further, the Administrative Agent. may shall (and is hereby irrevocably authorized by each Lender to), upon the request of the Company, release any Subsidiary Guarantor from its obligations under the Subsidiary Guaranty if such Subsidiary Guarantor is no longer a Subsidiary not or is no longer required to be a Subsidiary Guarantor pursuant to the terms of this AgreementMaterial Domestic Subsidiary.

Appears in 1 contract

Samples: Credit Agreement (Hillenbrand, Inc.)

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Further, the Administrative Agent. may (and is hereby irrevocably authorized by each Lender to), upon the request of the Company, release any Subsidiary Guarantor from its obligations under the Subsidiary Guaranty if such Subsidiary Guarantor is no longer a Subsidiary or is no longer required to be a Subsidiary Guarantor pursuant to the terms of this AgreementMaterial Subsidiary.

Appears in 1 contract

Samples: Credit Agreement (Esco Technologies Inc)

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