Common use of Guarantees and Collateral Clause in Contracts

Guarantees and Collateral. Notwithstanding any provision of any Loan Document to the contrary, for purposes of any determination relating to the ABL Priority Collateral as to which the Administrative Agent is granted discretion hereunder or under any other Loan Document, the Administrative Agent shall be deemed to have agreed and accepted any determination in respect thereof by the Administrative Agent or the Collateral Agent with respect to the ABL Facility, or any similar agent or trustee with respect to the ABL Facility (including in respect of any substitutions, replacements, extensions, renewals, restatements, or refinancings of the ABL Facility), as applicable.