Common use of Guaranty Matters; Ineligible Assignees Letter Agreement Clause in Contracts

Guaranty Matters; Ineligible Assignees Letter Agreement. The Lenders irrevocably authorize the Administrative Agent, at its option and in its discretion: (a) To release any Guarantor (other than the Parent Borrower) from its obligations under any Subsidiary Guaranty as required under Section 5.9. Upon request by the Administrative Agent at any time, the Required Lenders will confirm in writing the Administrative Agent’s authority to release any Guarantor (other than the Parent Borrower) from its obligations under any Subsidiary Guaranty pursuant to this Section 9.10. (b) To consent to any amendment or modification to the Ineligible Assignees Letter Agreement on the date five Business Days after notice of such amendment or modification unless at least three Lenders (including, if applicable, Xxxxx Fargo in its capacity as a Lender) that are not Affiliates of each other holding in the aggregate more than 25% of the Revolving Credit Exposures and Unutilized Commitments (or, after the termination of the Commitments, Revolving Credit Exposures) have notified the Administrative Agent of their objection to such amendment or modification prior to the expiration of such five Business Day period.

Guaranty Matters; Ineligible Assignees Letter Agreement. The Lenders irrevocably authorize the Administrative Agent, at its option and in its discretion: (a) To release any Guarantor (other than the Parent Borrower) from its obligations under any Subsidiary Guaranty as required under Section 5.9. Upon request by the Administrative Agent at any time, the Required Lenders will confirm in writing the Administrative Agent’s authority to release any Guarantor (other than the Parent Borrower) from its obligations under any Subsidiary Guaranty pursuant to this Section 9.10. (b) To consent to any amendment or modification to the Ineligible Assignees Letter Agreement on the date five Business Days after notice of such amendment or modification unless at least three Lenders (including, if applicable, Xxxxx Fargo in its capacity as a Lender) that are not Affiliates of each other holding in the aggregate more than 25% of the Revolving Credit Exposures and Unutilized Commitments (or, after the termination of the Commitments, Revolving Credit Exposures) have notified the Administrative Agent of their objection to such amendment or modification prior to the expiration of such five Business Day period.

Guaranty Matters; Ineligible Assignees Letter Agreement. The Lenders irrevocably authorize the Administrative Agent, at its option and in its discretion: (a) To release any Subsidiary Guarantor (other than the Parent Borrower) from its obligations under any Subsidiary Guaranty if such Person ceases to be a Subsidiary as a result of a transaction permitted under the Credit Documents or as required under Section 5.95.10(b). Upon request by the Administrative Agent at any time, the Required Lenders will confirm in writing the Administrative Agent’s authority to release any Subsidiary Guarantor (other than the Parent Borrower) from its obligations under any Subsidiary Guaranty pursuant to this Section 9.10. (b) To consent to any amendment or modification to the Ineligible Assignees Letter Agreement on the date five Business Days after notice of such amendment or modification unless at least three Lenders (including, if applicable, Xxxxx Fargo in its capacity as a Lender) that are not Affiliates of each other holding in the aggregate more than 25% of the Term Loans, Revolving Credit Exposures and Unutilized Commitments (or, after the termination of the Commitments, Term Loans and Revolving Credit Exposures) have notified the Administrative Agent of their objection to such amendment or modification prior to the expiration of such five Business Day period.

Guaranty Matters; Ineligible Assignees Letter Agreement. The Lenders irrevocably authorize the Administrative Agent, at its option and in its discretion: (a) To release any Subsidiary Guarantor (other than the Parent Borrower) from its obligations under any Subsidiary Guaranty if such Person ceases to be a Subsidiary as a result of a transaction permitted under the Credit Documents or as required under Section 5.95.10(b). Upon request by the Administrative Agent at any time, the Required Lenders will confirm in writing the Administrative Agent’s authority to release any Subsidiary Guarantor (other than the Parent Borrower) from its obligations under any Subsidiary Guaranty pursuant to this Section 9.10. (b) To consent to any amendment or modification to the Ineligible Assignees Letter Agreement on the date five Business Days after notice of such amendment or modification unless at least three Lenders (including, if applicable, Xxxxx Fargo in its capacity as a Lender) that are not Affiliates of each other holding in the aggregate more than 25% of the Revolving Credit Exposures and Unutilized Commitments (or, after the termination of the Commitments, the Revolving Credit Exposures) have notified the Administrative Agent of their objection to such amendment or modification prior to the expiration of such five Business Day period.

Guaranty Matters; Ineligible Assignees Letter Agreement. The Lenders irrevocably authorize the Administrative Agent, at its option and in its discretion: (a) To release any Guarantor (other than the Parent Borrower) from its obligations under any Subsidiary Guaranty as required under Section 5.9. Upon request by the Administrative Agent at any time, the Required Lenders will confirm in writing the Administrative Agent’s authority to release any Guarantor (other than the Parent Borrower) from its obligations under any Subsidiary Guaranty pursuant to this Section 9.10. (b) To consent to any amendment or modification to the Ineligible Assignees Letter Agreement on the date five Business Days after notice of such amendment or modification unless at least three Lenders (including, if applicable, Xxxxx Wxxxx Fargo in its capacity as a Lender) that are not Affiliates of each other holding in the aggregate more than 25% of the Revolving Credit Exposures and Unutilized Commitments (or, after the termination of the Commitments, Revolving Credit Exposures) have notified the Administrative Agent of their objection to such amendment or modification prior to the expiration of such five Business Day period.

Guaranty Matters; Ineligible Assignees Letter Agreement. The Lenders irrevocably authorize the Administrative Agent, at its option and in its discretion: (a) To release any Guarantor (other than the Parent Borrower) from its obligations under any Subsidiary Guaranty as required under Section 5.9. Upon request by the Administrative Agent at any time, the Required Lenders will confirm in writing the Administrative Agent’s authority to release any Guarantor (other than the Parent Borrower) from its obligations under any Subsidiary Guaranty pursuant to this Section 9.10. (b) To consent to any amendment or modification to the Ineligible Assignees Letter Agreement on the date five Business Days after notice of such amendment or modification unless at least three Lenders (including, if applicable, Xxxxx Wxxxx Fargo in its capacity as a Lender) that are not Affiliates of each other holding in the aggregate more than 25% of the Revolving Credit Exposures and Unutilized Commitments (or, after the termination of the Commitments, Revolving Credit Exposures) have notified the Administrative Agent of their objection to such amendment or modification prior to the expiration of such five Business Day period.

Guaranty Matters; Ineligible Assignees Letter Agreement. The Lenders irrevocably authorize the Administrative Agent, at its option and in its discretion: (a) To release any Guarantor (other than the Parent Borrower) from its obligations under any Subsidiary Guaranty as required under Section 5.9. Upon request by the Administrative Agent at any time, the Required Lenders will confirm in writing the Administrative Agent’s authority to release any Guarantor (other than the Parent Borrower) from its obligations under any Subsidiary Guaranty pursuant to this Section 9.10. (b) To consent to any amendment or modification to the Ineligible Assignees Letter Agreement on the date five Business Days after notice of such amendment or modification unless at least three Lenders (including, if applicable, Xxxxx Wxxxx Fargo in its capacity as a Lender) that are not Affiliates of each other holding in the aggregate more than 25% of the Revolving Credit Exposures and Unutilized Commitments (or, after the termination of the Commitments, Revolving Credit Exposures) have notified the Administrative Agent of their objection to such amendment or modification prior to the expiration of such five Business Day period.