Common use of Guaranteed Cash Management Agreements and Guaranteed Hedge Agreements Clause in Contracts

Guaranteed Cash Management Agreements and Guaranteed Hedge Agreements. No Cash Management Bank or Hedge Bank that obtains the benefits of Section 8.03 or any Guaranty by virtue of the provisions hereof or of any Guaranty shall have any right to notice of any action or to consent to, direct or object to any action hereunder or under any other Loan Document or otherwise in respect of any Guarantor (including the release or impairment of any Guarantor) other than in its capacity as a Lender and, in such case, only to the extent expressly provided in the Loan Documents. Notwithstanding any other provision of this Article IX to the contrary, the Administrative Agent shall not be required to verify the payment of, or that other satisfactory arrangements have been made with respect to, Obligations arising under Guaranteed Cash Management Agreements and Guaranteed Hedge Agreements unless the Administrative Agent has received written notice of such Obligations, together with such supporting documentation as the Administrative Agent may request, from the applicable Cash Management Bank or Hedge Bank, as the case may be.

Appears in 1 contract

Samples: Credit Agreement (Amerigon Inc)

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Guaranteed Cash Management Agreements and Guaranteed Hedge Agreements. (a) No Cash Management Bank or Hedge Bank that obtains the benefits of Section 8.03 or any Guaranty 7.7, the Guarantees by virtue of the provisions hereof or of any Guaranty shall have any right to notice of any action or to consent to, direct or object to any action hereunder or under any other Loan Credit Document or otherwise in respect of any Guarantor the Guaranties (including the release or impairment of any GuarantorGuaranties) other than in its capacity as a Lender and, in such case, only to the extent expressly provided in the Loan Credit Documents. Notwithstanding any other provision of this Article IX to the contrary, the Administrative Agent shall not be required to verify the payment of, or that other satisfactory arrangements have been made with respect to, Obligations arising under Guaranteed Cash Management Agreements and Guaranteed Hedge Agreements unless the Administrative Agent has received written notice of such Obligationsobligations, together with such supporting documentation as the Administrative Agent may request, from the applicable Cash Management Bank or Hedge Bank, as the case may be.

Appears in 1 contract

Samples: Credit Agreement (Transocean Ltd.)

Guaranteed Cash Management Agreements and Guaranteed Hedge Agreements. No Except as otherwise expressly set forth herein, no Cash Management Bank or Hedge Bank that obtains the benefits benefit of the provisions of Section 8.03 or any the Guaranty by virtue of the provisions hereof or of any the Guaranty shall have any right to notice of any action or to consent to, direct or object to any action hereunder or under any other Loan Document (or otherwise in respect to notice of or to consent to any Guarantor (including amendment, waiver or modification of the release provisions hereof or impairment of any Guarantorthe Guaranty) other than in its capacity as a Lender and, in such case, only to the extent expressly provided in the Loan Documents. Notwithstanding any other provision of this Article IX to the contrary, the Administrative Agent shall not be required to verify the payment of, or that other satisfactory arrangements have been made with respect to, Obligations arising under Guaranteed Cash Management Agreements and Guaranteed Hedge Agreements unless the Administrative Agent has received written notice of such Obligations, together with such supporting documentation as the Administrative Agent may request, from the applicable Cash Management Bank or Hedge Bank, as the case may be.

Appears in 1 contract

Samples: Guaranty Agreement (O Reilly Automotive Inc)

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Guaranteed Cash Management Agreements and Guaranteed Hedge Agreements. No Except as otherwise expressly set forth in any Guaranty, no Cash Management Bank or Hedge Bank that obtains the benefits of Section 8.03 or 8.03, any Guaranty by virtue of the provisions hereof or of any Guaranty shall have any right to notice of any action or to consent to, direct or object to any action hereunder or under any other Loan Document or otherwise in respect of any Guarantor (including the release or impairment of any Guarantor) other than in its capacity as a Lender and, in such case, only to the extent expressly provided in the Loan Documents. Notwithstanding any other provision of this Article IX to the contrary, the Administrative Agent shall not be required to verify the payment of, or that other satisfactory arrangements have been made with respect to, Obligations arising under Guaranteed Cash Management Agreements and Guaranteed Hedge Agreements unless the Administrative Agent has received written notice of such Obligations, together with such supporting documentation as the Administrative Agent may request, from the applicable Cash Management Bank or Hedge Bank, as the case may be.

Appears in 1 contract

Samples: Credit Agreement (Core Laboratories N V)

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