Guaranty Matters. The Lenders irrevocably authorize the Agent, at its option and in its discretion, to release any Guarantor from its obligations under the Guaranties if such Person ceases to be a Subsidiary of the Borrower as a result of a transaction permitted hereunder. Upon request by the Agent at any time, the Required Lenders will confirm in writing the Agent’s authority to release any Guarantor from its obligations under the Guaranty pursuant to this Section 14.9.
Appears in 9 contracts
Samples: Credit Agreement (Williams Sonoma Inc), Credit Agreement (Williams Sonoma Inc), 364 Day Credit Agreement (Williams Sonoma Inc)
Guaranty Matters. The Lenders irrevocably authorize the Administrative Agent, at its option and in its discretion, to release any Guarantor from its obligations under the Guaranties Guaranty if such Person ceases to be a Subsidiary of the Borrower as a result of a transaction permitted hereunder. 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 from its obligations under the Guaranty pursuant to this Section 14.99.10.
Appears in 9 contracts
Samples: Credit Agreement (Mattel Inc /De/), Credit Agreement (Mattel Inc /De/), Credit Agreement (Mattel Inc /De/)
Guaranty Matters. The Lenders Each Lender hereby irrevocably authorize the authorizes Agent, at its option and in its discretion, to release any Guarantor from its obligations under the Guaranties Guaranty if such Person ceases to be a Subsidiary of the Borrower as a result of a transaction permitted hereunder. Upon request by the Agent at any time, the Required Lenders each Lender will confirm in writing the Agent’s authority to release any Guarantor from its obligations under the Guaranty pursuant to this Section 14.99.10.
Appears in 8 contracts
Samples: Syndicated Facility Agreement and Unconditional Guaranty (Resmed Inc), Credit Agreement, Syndicated Facility Agreement (Resmed Inc)
Guaranty Matters. The Lenders irrevocably hereby authorize the Administrative Agent, at its option and in its discretion, to release any Guarantor from its obligations under the Guaranties Guaranty if such Person ceases to be a Subsidiary of the Borrower as a result of a transaction permitted hereunder. 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 from its obligations under the Guaranty Guaranty, pursuant to this Section 14.99.9.
Appears in 8 contracts
Samples: Credit Agreement, Credit Agreement (Intercontinentalexchange Inc), Credit Agreement (Intercontinentalexchange Inc)
Guaranty Matters. The Lenders Each Lender irrevocably authorize authorizes the Administrative Agent, at its option and in its discretion, discretion to release any Subsidiary Guarantor from its obligations under the Guaranties Guaranty if such Person ceases to be required to be a Subsidiary of the Borrower as a result of a transaction permitted hereunderGuarantor under Section 7.13. 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 from its obligations under the Guaranty Guaranty, pursuant to this Section 14.910.10.
Appears in 7 contracts
Samples: Credit Agreement (Phillips Edison & Company, Inc.), Credit Agreement (Phillips Edison & Company, Inc.), Credit Agreement (Phillips Edison & Company, Inc.)
Guaranty Matters. The Lenders and the L/C Issuer irrevocably authorize the Administrative Agent, at its option and in its discretion, to release any Subsidiary Guarantor from its obligations under the Guaranties Subsidiary Guaranty if such Person ceases to be a Subsidiary of the Borrower as a result of a transaction permitted hereunder. 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 from its obligations under the Subsidiary Guaranty pursuant to this Section 14.99.10.
Appears in 6 contracts
Samples: Credit Agreement (Mueller Industries Inc), Credit Agreement (Mueller Industries Inc), Credit Agreement (Curtiss Wright Corp)
Guaranty Matters. The Lenders and the L/C Issuer irrevocably authorize the Administrative Agent, at its option and in its discretion, to release any Subsidiary Guarantor from its obligations under the Guaranties Subsidiary Guaranty if such Person ceases to be a Subsidiary of the Borrower as a result of a transaction permitted hereunder. 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 from its obligations under the Guaranty pursuant to this Section 14.99.10.
Appears in 6 contracts
Samples: Credit Agreement (American Eagle Outfitters Inc), Revolving Credit Agreement (Hasbro Inc), Revolving Credit Agreement (Hasbro Inc)
Guaranty Matters. The Lenders irrevocably authorize the Administrative Agent, at its option and in its discretion, to release any Guarantor from its obligations under the Guaranties Guaranty if such Person ceases to be a Subsidiary or an owner of the Borrower a Borrowing Base Property or an indirect owner of a Borrowing Base Property Owner as a result of a transaction permitted hereunder. Upon request by the Administrative Agent at any time, the Required Lenders will promptly confirm in writing the Administrative Agent’s authority to release any Guarantor from its obligations under the Guaranty pursuant to this Section 14.913.1.12.
Appears in 5 contracts
Samples: Loan Agreement (Cedar Realty Trust, Inc.), Loan Agreement (Cedar Realty Trust, Inc.), Loan Agreement (Cedar Realty Trust, Inc.)
Guaranty Matters. The Lenders and the L/C Issuer irrevocably authorize the Administrative Agent, at its option and in its discretion, to release any Subsidiary Guarantor from its obligations under the Guaranties Subsidiary Guaranty if such Person ceases to be a Subsidiary of the Borrower as a result of a transaction permitted hereunder. Upon request by the Administrative Agent at any time, the Required Lenders will confirm in writing the Administrative Agent’s 's authority to release any Subsidiary Guarantor from its obligations under the Guaranty pursuant to this Section 14.99.10.
Appears in 5 contracts
Samples: Revolving Credit Agreement (Hasbro Inc), Credit Agreement (Core Laboratories N V), Credit Agreement (Core Laboratories N V)
Guaranty Matters. The Lenders irrevocably authorize the Administrative Agent, at its option and in its discretion, discretion to release any Subsidiary Guarantor from its obligations under the Guaranties Subsidiary Guaranty Agreement and any other Loan Documents if such Person ceases to be a Subsidiary of the Borrower as a result of a transaction permitted hereunder. 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 from its obligations under the Subsidiary Guaranty Agreement pursuant to this Section 14.9Section.
Appears in 5 contracts
Samples: 364 Day Credit Agreement (Family Dollar Stores Inc), Credit Agreement (Family Dollar Stores Inc), 364 Day Credit Agreement (Family Dollar Stores Inc)
Guaranty Matters. The Lenders and the L/C Issuer irrevocably authorize the Administrative Agent, at its option and in its discretion, to release any Guarantor from its obligations under the Guaranties Guaranty if such Person ceases to be a an Eligible Subsidiary described in clause (a) of the Borrower definition thereof as a result of a transaction permitted hereunder. 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 from its obligations under the Guaranty pursuant to this Section 14.99.10.
Appears in 5 contracts
Samples: Credit Agreement (McGrath Rentcorp), Credit Agreement (McGrath Rentcorp), Credit Agreement (McGrath Rentcorp)
Guaranty Matters. The Lenders Without limiting the provisions of Section 9.09, each Lender and each L/C Issuer irrevocably authorize the Administrative Agent, at its option and in its discretion, discretion to release any Guarantor from its obligations under the Guaranties Guaranty Agreement if such Person ceases required or permitted pursuant to be a Subsidiary of the Borrower as a result of a transaction permitted hereunderterms hereof. 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 from its obligations under the Guaranty Agreement pursuant to this Section 14.99.10.
Appears in 4 contracts
Samples: Credit Agreement (Empire State Realty OP, L.P.), Credit Agreement (Empire State Realty OP, L.P.), Credit Agreement (Empire State Realty OP, L.P.)
Guaranty Matters. The Lenders and the L/C Issuer irrevocably authorize the Administrative Agent, at its option and in its discretion, to release any Subsidiary Guarantor from its obligations under the Guaranties Subsidiary Guaranty if such Person either ceases to be a Subsidiary of the Borrower as a result of a transaction permitted hereunderhereunder or is eligible to be released from its Subsidiary Guaranty in accordance with a request by any Borrower pursuant to the last sentence of Section 6.09. 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 from its obligations under the Subsidiary Guaranty pursuant to this Section 14.99.10.
Appears in 4 contracts
Samples: Credit Agreement (Global Payments Inc), Credit Agreement (Global Payments Inc), Credit Agreement (Global Payments Inc)
Guaranty Matters. The Lenders irrevocably authorize the Agent, at its option and in its discretion, Administrative Agent to release any Subsidiary Guarantor from its obligations under the Guaranties if such Person ceases to be a Subsidiary of the Borrower as a result of a transaction permitted hereunderArticle XII in accordance with Section 12.10. 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 from its obligations under the Guaranty Article XII pursuant to this Section 14.99.11, provided that neither the request nor the delivery of such confirmation shall be a condition to or shall cause any delay in the provision of any release permitted, required or requested in accordance with Section 12.10.
Appears in 4 contracts
Samples: Term Loan Agreement (Healthpeak Properties, Inc.), Credit Agreement (Healthpeak Properties, Inc.), Credit Agreement (Healthpeak Properties, Inc.)
Guaranty Matters. The Lenders and the L/C Issuer irrevocably authorize the Administrative Agent, at its option and in its discretion, to release any Guarantor from its obligations under the Guaranties Guaranty if such Person ceases to be a Restricted Subsidiary of the Borrower as a result of a transaction permitted hereunder. 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 from its obligations under the Guaranty pursuant to this Section 14.99.10.
Appears in 4 contracts
Samples: Credit Agreement (Aar Corp), Credit Agreement (Aar Corp), Credit Agreement (Aar Corp)
Guaranty Matters. The Lenders Each Lender hereby irrevocably authorize authorizes the Administrative Agent, at its option and in its discretion, to release any Guarantor from its obligations under the Guaranties a Guaranty if such Person ceases to be a Subsidiary of the Borrower as a result of a transaction permitted hereunder. Upon request by the Administrative Agent at any time, the Required Lenders each Lender will confirm in writing the Administrative Agent’s authority to release any Guarantor from its obligations under the a Guaranty pursuant to this Section 14.99.12.
Appears in 4 contracts
Samples: Credit Agreement (Arthrocare Corp), Credit Agreement (Arthrocare Corp), Credit Agreement (Arthrocare Corp)
Guaranty Matters. The Lenders irrevocably hereby authorize the Administrative Agent, at its option and in its discretion, to release any Subsidiary Guarantor from its obligations under the Guaranties Subsidiary Guaranty if such Person ceases to be a Subsidiary of the Borrower Guarantor as a result of a transaction permitted hereunder. Upon request by the Administrative Agent at any time, the Required Lenders will confirm in writing the Administrative Agent’s authority to release or subordinate its interest in particular types or items of property, or to release any Subsidiary Guarantor from its obligations under the Guaranty Subsidiary Guaranty, pursuant to this Section 14.910.9.
Appears in 4 contracts
Samples: Credit Agreement (Old Dominion Freight Line, Inc.), Credit Agreement (Old Dominion Freight Line, Inc.), Credit Agreement (Old Dominion Freight Line Inc/Va)
Guaranty Matters. The Lenders and the L/C Issuer irrevocably authorize the Administrative Agent, at its option and in its discretion, to release any Guarantor from its obligations under the Guaranties Guaranty if such Person ceases to be a Subsidiary of the Borrower as a result of a transaction permitted hereunder. Upon request by the Administrative Agent at any time, the Required Lenders will confirm in writing the Administrative Agent’s 's authority to release any Guarantor from its obligations under the Guaranty pursuant to this Section 14.99.10.
Appears in 4 contracts
Samples: Credit Agreement (Pall Corp), Credit Agreement (Patterson Uti Energy Inc), Credit Agreement (Bright Horizons Family Solutions Inc)
Guaranty Matters. The Lenders irrevocably authorize the Administrative Agent, at its option and in its discretion, discretion to release any Subsidiary Guarantor from its obligations under the Guaranties Subsidiary Guaranty Agreement and any other Loan Documents if such Person ceases to be a Subsidiary of the Borrower as a result of a transaction permitted hereunderhereunder or as otherwise permitted by the Subsidiary Guaranty Agreement. 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 from its obligations under the Subsidiary Guaranty Agreement pursuant to this Section 14.9Section.
Appears in 4 contracts
Samples: Term Loan Agreement (Owens Corning), Term Loan Agreement (Owens Corning), 364 Day Term Loan Agreement (Owens Corning)
Guaranty Matters. The Lenders and the LC Issuer irrevocably authorize the Agent, at its option and in its discretion, Administrative Agent to release any Guarantor from its obligations under the Guaranties Guaranty if such Person ceases to be a Subsidiary of the Borrower as a result of a transaction permitted hereunder. Upon request by the Administrative Agent at any time, the Required Majority Lenders will confirm in writing the Administrative Agent’s authority to release any Guarantor from its obligations under the Guaranty pursuant to this Section 14.99.10.
Appears in 4 contracts
Samples: Credit Agreement (Energy Transfer Partners, L.P.), Credit Agreement (Energy Transfer Partners, L.P.), Credit Agreement (Energy Transfer Partners, L.P.)
Guaranty Matters. The Lenders irrevocably authorize the Administrative Agent, at its option and in its discretion, to release any Subsidiary Guarantor from its obligations under the Guaranties Subsidiary Guaranty Agreement if such Person ceases to be a Subsidiary of the Borrower as a result of a transaction permitted hereunder. 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 from its obligations under the Subsidiary Guaranty Agreement pursuant to this Section 14.9Section.
Appears in 4 contracts
Samples: Credit Agreement (SCP Pool Corp), Credit Agreement (Pool Corp), Amendment to Credit Agreement (SCP Pool Corp)
Guaranty Matters. The Lenders Without limiting the provisions of Section 9.09, each Lender and each L/C Issuer irrevocably authorize the Administrative Agent, at its option and in its discretion, discretion to release any Guarantor from its obligations under the Guaranties Guaranty if such Person ceases required or permitted pursuant to be a Subsidiary of the Borrower as a result of a transaction permitted hereunderterms hereof. 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 from its obligations under the Guaranty pursuant to this Section 14.99.10.
Appears in 3 contracts
Samples: Credit Agreement (Paramount Group, Inc.), Credit Agreement (Paramount Group, Inc.), Credit Agreement (Paramount Group, Inc.)
Guaranty Matters. The Lenders and the L/C Issuer irrevocably authorize the Administrative Agent, at its option and in its discretion, to release any Subsidiary that is a Guarantor from its obligations under the Guaranties Guaranty if such Person ceases to be a Subsidiary of the Borrower as a result of a transaction permitted hereunder. 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 from its obligations under the Guaranty pursuant to this Section 14.99.10.
Appears in 3 contracts
Samples: Incremental Facility Agreement (Anixter International Inc), Five Year Revolving Credit Agreement (Anixter International Inc), Revolving Credit Agreement (Anixter International Inc)
Guaranty Matters. The Lenders Each Lender irrevocably authorize authorizes the Administrative Agent, at its option and in its discretion, discretion to release any Subsidiary Guarantor from its obligations under the Guaranties Guaranty if such Person ceases to be required to be a Subsidiary of the Borrower as a result of a transaction permitted hereunderGuarantor under Section 7.13. Upon request by the Administrative Agent at any time, the Required Lenders Xxxxxxx will confirm in writing the Administrative Agent’s authority to release any Subsidiary Guarantor from its obligations under the Guaranty Guaranty, pursuant to this Section 14.910.10.
Appears in 3 contracts
Samples: Credit Agreement (Phillips Edison & Company, Inc.), Credit Agreement (Phillips Edison & Company, Inc.), Credit Agreement (Phillips Edison & Company, Inc.)
Guaranty Matters. The Lenders irrevocably authorize the Administrative Agent, at its option and in its discretion, to release any Guarantor from its obligations under the Guaranties Guarantee (a) if such Person ceases to be a Subsidiary of the Borrower as a result of a transaction permitted hereunder. Upon request not prohibited by the Agent at any timeLoan Documents, (b) in the Required Lenders will confirm circumstances contemplated by Section 4.3 and (c) in writing the Agent’s authority to release any Guarantor from its obligations under the Guaranty pursuant to this circumstances described in Section 14.911.10.
Appears in 3 contracts
Samples: Credit Agreement (J M SMUCKER Co), Term Loan Credit Agreement (J M SMUCKER Co), Bridge Term Loan Credit Agreement (J M SMUCKER Co)
Guaranty Matters. The Lenders and the Issuing Lender irrevocably authorize the Administrative Agent, at its option and in its discretion, to release any Guarantor from its obligations under the Guaranties Guaranty if such Person ceases to be a Material Domestic Subsidiary of the Borrower as a result of a transaction permitted hereunder. 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 from its obligations under the Guaranty Guaranty, pursuant to this Section 14.910.10.
Appears in 3 contracts
Samples: Credit Agreement (Cree, Inc.), Credit Agreement (Cree Inc), Credit Agreement (Cree Inc)
Guaranty Matters. The Lenders irrevocably authorize the Administrative Agent, at its option and in its discretion, discretion to release any Guarantor from its obligations under the Guaranties Guaranty if such Person ceases to be a Subsidiary of the Borrower as a result of a transaction permitted hereunder. 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 from its obligations under the Guaranty pursuant to this Section 14.99.10.
Appears in 3 contracts
Samples: Credit Agreement (Hyatt Hotels Corp), Credit Agreement (Hyatt Hotels Corp), Credit Agreement (Hyatt Hotels Corp)
Guaranty Matters. The Without limiting the provisions of Section 10.09, the Lenders and the L/C Issuer irrevocably authorize the Administrative Agent, at its option and in its discretion, to release any Subsidiary Guarantor from its obligations under the Guaranties Guaranty if such Person ceases to be a Subsidiary of the Borrower as a result of a transaction permitted hereunder. 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 from its obligations under the Guaranty Guaranty, pursuant to this Section 14.910.10.
Appears in 3 contracts
Samples: Credit Agreement (Flir Systems Inc), Credit Agreement (Flir Systems Inc), Credit Agreement (Flir Systems Inc)
Guaranty Matters. The Each of the Lenders and the L/C Issuer irrevocably authorize the Administrative Agent, at its option and in its discretion, to release any Guarantor from its obligations under the Guaranties Guaranty if such Person ceases to be a Subsidiary of the Borrower as a result of a transaction permitted hereunder. 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 from its obligations under the Guaranty Guaranty, pursuant to this Section 14.910.10.
Appears in 3 contracts
Samples: Credit Agreement (Aegion Corp), Credit Agreement (Insituform Technologies Inc), Credit Agreement (Insituform Technologies Inc)
Guaranty Matters. The Lenders irrevocably authorize the Administrative Agent, at its option and in its discretion, to release any Subsidiary Guarantor from its obligations under the Guaranties Subsidiary Guaranty if such Person ceases to be a Subsidiary of the Borrower as a result of a transaction permitted hereunderunder the Loan Documents. 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 from its obligations under the Subsidiary Guaranty pursuant to this Section 14.98.12.
Appears in 3 contracts
Samples: Term Loan Agreement (Bruker Corp), Term Loan Agreement (Bruker Corp), Term Loan Agreement (Bruker Corp)
Guaranty Matters. The Without limiting the provisions of Section 9.09, the Lenders and the L/C Issuers irrevocably authorize the Administrative Agent, at its option and in its discretion, to release any Guarantor from its obligations under the Guaranties Guaranty if such Person ceases to be required to be a Subsidiary of the Borrower Guarantor as a result of a transaction permitted hereunderunder the Loan Documents. 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 from its obligations under the Guaranty pursuant to this Section 14.99.10.
Appears in 3 contracts
Samples: Credit Agreement (Dream Finders Homes, Inc.), Credit Agreement (Dream Finders Homes, Inc.), Credit Agreement (Dream Finders Homes, Inc.)
Guaranty Matters. The Lenders irrevocably authorize the Administrative Agent, at its option and in its discretion, to release any Guarantor from its obligations under the Guaranties Guaranty if such Person ceases to be a Subsidiary of the Borrower as a result of a transaction permitted hereunder. 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 from its obligations under the Guaranty pursuant to this Section 14.99.11.
Appears in 3 contracts
Samples: Credit Agreement (Precision Castparts Corp), Credit Agreement (Carriage Services Inc), Credit Agreement (Health Management Associates Inc)
Guaranty Matters. The Without limiting the provisions of Section 9.09, the Lenders irrevocably authorize the Administrative Agent, at its option and in its discretion, to release any Guarantor from its obligations under the Guaranties Guaranty if such Person ceases to be a Subsidiary of the Borrower as a result of a transaction permitted hereunderunder the Loan Documents. Upon request by the Administrative Agent at any time, the Required Lenders Xxxxxxx will confirm in writing the Administrative Agent’s authority to release any Guarantor from its obligations under the Guaranty pursuant to this Section 14.99.
Appears in 3 contracts
Samples: Credit Agreement (Franklin Resources Inc), Credit Agreement (Franklin Resources Inc), Term Loan Credit Agreement (Franklin Resources Inc)
Guaranty Matters. The Lenders and the L/C Issuers irrevocably authorize the Administrative Agent, at its option and in its discretion, to release any the Guarantor from its obligations under the Guaranties Guaranty if such Person ceases to be a Subsidiary of the Borrower as a result of a transaction permitted hereunder. Upon request by the Administrative Agent at any time, the Required Lenders will confirm in writing the Administrative Agent’s 's authority to release any the Guarantor from its obligations under the Guaranty Guaranty, pursuant to this Section 14.99.10.
Appears in 3 contracts
Samples: Escrow Agreement (Vectren Utility Holdings Inc), Escrow Agreement (Vectren Corp), Credit Agreement (Vectren Utility Holdings Inc)
Guaranty Matters. The Lenders Without limiting the provisions of Section 9.09, each Lender irrevocably authorize authorizes the Administrative Agent, at its option and in its discretion, discretion to release any Guarantor from its obligations under the Guaranties Guaranty Agreement if such Person ceases required or permitted pursuant to be a Subsidiary of the Borrower as a result of a transaction permitted hereunderterms hereof. Upon request by the Administrative Agent at any time, the Required Lenders Xxxxxxx will confirm in writing the Administrative Agent’s authority to release any Guarantor from its obligations under the Guaranty Agreement pursuant to this Section 14.99.10.
Appears in 3 contracts
Samples: Credit Agreement (Empire State Realty Trust, Inc.), Credit Agreement (Empire State Realty OP, L.P.), Credit Agreement (Empire State Realty OP, L.P.)
Guaranty Matters. The Lenders and the L/C Issuers irrevocably authorize the Agent, at its option and in its discretion, Administrative Agent to release any Guarantor from its obligations under the Guaranties Guaranty if such Person ceases to be a Subsidiary of the Borrower as a result of a transaction permitted hereunder. 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 from its obligations under the Guaranty pursuant to this Section 14.99.10.
Appears in 3 contracts
Samples: Credit Agreement (Republic Services, Inc.), Credit Agreement (Republic Services Inc), Credit Agreement (Republic Services Inc)
Guaranty Matters. The Lenders and the Issuing Bank irrevocably authorize the Administrative Agent, at its option and in its discretion, to release any Subsidiary Guarantor from its obligations under the Guaranties Subsidiary Guaranty if such Person ceases to be a Subsidiary of the Borrower as a result of a transaction permitted hereunderunder the Loan Documents. 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 from its obligations under the Subsidiary Guaranty pursuant to this Section 14.98.12.
Appears in 3 contracts
Samples: Credit Agreement (Bruker Corp), Credit Agreement (Bruker Corp), Credit Agreement (Bruker Corp)
Guaranty Matters. The Lenders Each Lender hereby irrevocably authorize the authorizes Administrative Agent, at its option and in its discretion, to release any Subsidiary Guarantor from its obligations under the Guaranties Subsidiary Guaranty if such Person ceases to be a Subsidiary of the Borrower as a result of a transaction permitted hereunder. Upon request by the Administrative Agent at any time, the Required Lenders each Lender will confirm in writing the Administrative Agent’s authority to release any Subsidiary Guarantor from its obligations under the Subsidiary Guaranty pursuant to this Section 14.99.12.
Appears in 3 contracts
Samples: Letter of Credit and Term Loan Agreement (Chicago Bridge & Iron Co N V), Letter of Credit and Term Loan Agreement (Chicago Bridge & Iron Co N V), Letter of Credit and Term Loan Agreement (Chicago Bridge & Iron Co N V)
Guaranty Matters. The Lenders irrevocably authorize the Agent, at its option and in its discretion, to release any Guarantor from its obligations under the Guaranties Guaranty if such Person ceases to be a Subsidiary of the Borrower as a result of a transaction permitted hereunder. Upon request by the Agent at any time, the Required Lenders will confirm in writing the Agent’s authority to release any Guarantor from its obligations under the Guaranty pursuant to this Section 14.99.10.
Appears in 3 contracts
Samples: Credit Agreement (Littelfuse Inc /De), Credit Agreement (Littelfuse Inc /De), Loan Agreement (Littelfuse Inc /De)
Guaranty Matters. The Lenders and the L/C Issuers irrevocably authorize the Administrative Agent, at its option and in its discretion, to release any Guarantor from its obligations under the Guaranties Guaranty if such Person ceases to be a Material Subsidiary, or ceases to be a Subsidiary of the Borrower as a result of a transaction permitted hereunder. 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 from its obligations under the Guaranty pursuant to this Section 14.99.10.
Appears in 3 contracts
Samples: Credit Agreement (Texas Roadhouse, Inc.), Credit Agreement (Texas Roadhouse, Inc.), Credit Agreement (Texas Roadhouse, Inc.)
Guaranty Matters. The Lenders and the L/C Issuers irrevocably authorize the Administrative Agent, at its option and in its discretion, to release any Guarantor from its obligations under the Guaranties Guaranty if such Person ceases to be a Subsidiary of the Borrower as a result of a transaction permitted hereunder. Upon request by the Administrative Agent at any time, the Required Lenders will confirm in writing the Administrative Agent’s 's authority to release any Guarantor from its obligations under the Guaranty Guaranty, pursuant to this Section 14.99.10.
Appears in 3 contracts
Samples: Credit Agreement (Vectren Utility Holdings Inc), Escrow Agreement (Vectren Corp), Escrow Agreement (Vectren Utility Holdings Inc)
Guaranty Matters. The Lenders irrevocably authorize the Administrative Agent, at its option and in its discretion, to release any Subsidiary Guarantor from its obligations under the Guaranties Subsidiary Guaranty if such Person either ceases to be a Subsidiary of the Borrower as a result of a transaction permitted hereunderhereunder or is eligible to be released from its Subsidiary Guaranty in accordance with a request by any Borrower pursuant to the last sentence of Section 6.09. 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 from its obligations under the Subsidiary Guaranty pursuant to this Section 14.99.10.
Appears in 3 contracts
Samples: Term Loan Agreement (Global Payments Inc), Term Loan Agreement (Global Payments Inc), Term Loan Agreement (Global Payments Inc)
Guaranty Matters. The Lenders irrevocably authorize the Administrative Agent, at its option and in its discretion, to release any Guarantor from its obligations under the Guaranties Guaranty if such Person ceases to be a Subsidiary of the Borrower as a result of a transaction permitted hereunder. 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 from its obligations under the Guaranty pursuant to this Section 14.910.12.
Appears in 3 contracts
Samples: 364 Day Credit Agreement (Albemarle Corp), 364 Day Credit Agreement (Albemarle Corp), Credit Agreement (Albemarle Corp)
Guaranty Matters. The Lenders and the Issuing Bank irrevocably authorize the Administrative Agent, at its option and in its discretion, to release any Guarantor from its obligations under the Guaranties Subsidiary Guaranty Agreement if such Person ceases to be a Subsidiary of the Borrower as a result of a transaction permitted hereunder. 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 from its obligations under the Subsidiary Guaranty Agreement pursuant to this Section 14.99.9.
Appears in 3 contracts
Samples: Revolving Credit Agreement (Ruby Tuesday Inc), Revolving Credit Agreement (Ruby Tuesday Inc), Revolving Credit Agreement (Ruby Tuesday Inc)
Guaranty Matters. The Lenders irrevocably authorize the Administrative Agent, at its option and in its discretion, to release any Guarantor from its obligations under the Guaranties Guaranty if such Person ceases to be a Material Subsidiary of the Borrower as a result of a transaction permitted hereunder. 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 from its obligations under the Guaranty pursuant to this Section 14.99.09.
Appears in 3 contracts
Samples: Amendment Agreement (Cliffs Natural Resources Inc.), Bridge Credit Agreement (Cliffs Natural Resources Inc.), Term Loan Agreement (Cliffs Natural Resources Inc.)
Guaranty Matters. The Lenders Administrative Agent shall, and the Banks irrevocably authorize the AgentAdministrative Agent to, at its option and in its discretion, to release any Person which is a Guarantor from its obligations under the Guaranties any Guaranty if such Person ceases to be a Specified Subsidiary of the Borrower as a result of a transaction permitted hereunderhereunder (including any release upon the request of the Company so long as, after giving effect thereto, no Default or Event of Default exists and the Company has provided written confirmation that it will be in compliance with Section 8.12). Upon request by the Administrative Agent at any time, the Required Lenders Banks will confirm in writing the Administrative Agent’s authority to release any Guarantor Person from its obligations under the Guaranty pursuant to this Section 14.9Guaranty.
Appears in 2 contracts
Samples: Credit Agreement (Briggs & Stratton Corp), Term Loan Agreement (Briggs & Stratton Corp)
Guaranty Matters. The Lenders and the L/C Issuers irrevocably authorize the Administrative Agent, at its option and in its discretion, to release any Guarantor from its obligations under the Guaranties Guaranty if such Person ceases to be a Subsidiary of the Borrower (or a Material Subsidiary, as applicable) as a result of a transaction permitted hereunder. 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 from its obligations under the Guaranty Guaranty, pursuant to this Section 14.910.10.
Appears in 2 contracts
Samples: Credit Agreement (Energen Corp), Credit Agreement (Energen Corp)
Guaranty Matters. The Lenders irrevocably authorize the Administrative Agent, at its option and in its discretion, to release any Subsidiary Guarantor from its obligations under the Guaranties Subsidiary Guaranty if such Person ceases to be a Subsidiary of the Borrower as a result of a transaction permitted hereunder. 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 from its obligations under the Guaranty pursuant to this Section 14.99.10.
Appears in 2 contracts
Samples: Credit Agreement (Adobe Systems Inc), Credit Agreement (Adobe Systems Inc)
Guaranty Matters. The Lenders irrevocably authorize the Administrative Agent, at its option and in its discretion, to release any Guarantor from its obligations under the Guaranties Guaranty (a) if such Person ceases to be a Material Domestic Subsidiary of the Borrower as a result of a transaction permitted hereunderhereunder or (b) as provided in Section 7.12(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 Guarantor from its obligations under the Guaranty pursuant to this Section 14.910.10.
Appears in 2 contracts
Samples: Credit Agreement (Albemarle Corp), Credit Agreement (Albemarle Corp)
Guaranty Matters. The Without limiting the provisions of Section 9.09, the Lenders and the L/C Issuers irrevocably authorize the Administrative Agent, at its option and in its discretion, discretion to release any Subsidiary Guarantor from its obligations under the Guaranties Guaranty if such Person ceases required pursuant to be a Subsidiary of the Borrower as a result of a transaction permitted hereunderSection 10.10 hereof. 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 from its obligations under the Guaranty pursuant to this Section 14.99.10.
Appears in 2 contracts
Samples: Credit Agreement (W. P. Carey Inc.), Credit Agreement (W. P. Carey Inc.)
Guaranty Matters. The Lenders irrevocably authorize the Administrative Agent, at its option and in its discretion, to release any Guarantor from its obligations under the Guaranties any Guaranty if such Person ceases to be a Subsidiary of the Borrower as a result of a transaction permitted hereunder. 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 from its obligations under the any Guaranty pursuant to this Section 14.910.10.
Appears in 2 contracts
Samples: Credit Agreement (Columbia Sportswear Co), Credit Agreement (Columbia Sportswear Co)
Guaranty Matters. The Lenders irrevocably authorize the Administrative Agent, at its option and in its discretion, to release any Guarantor from its obligations under the Guaranties Guaranty if such Person ceases to be a Subsidiary of the Borrower as a result of a transaction permitted hereunder. Upon request by the Administrative Agent at any time, the Required Lenders will confirm in writing the Administrative Agent’s 's authority to release any Guarantor from its obligations under the Guaranty pursuant to this Section 14.99.11.
Appears in 2 contracts
Samples: Credit Agreement (Proquest Co), Credit Agreement (Schnitzer Steel Industries Inc)
Guaranty Matters. The Lenders and the L/C Issuer irrevocably authorize the Administrative Agent, at its option and in its discretion, to release any Guarantor from its obligations under the Guaranties Guaranty if such Person ceases to be a Subsidiary of the Borrower as a result of a transaction permitted hereunder. Upon request by the Administrative Agent at any time, the Required Lenders will confirm in writing the Administrative Agent’s 's authority to release any Guarantor from its obligations under the Guaranty Guaranty, pursuant to this Section 14.910.10.
Appears in 2 contracts
Samples: Credit Agreement (Volt Information Sciences, Inc.), Credit Agreement (Nautilus, Inc.)
Guaranty Matters. The Lenders and the L/C Issuer irrevocably authorize the Administrative Agent, at its option and in its discretion, to release any Guarantor from its obligations under the Guaranties Guaranty if such Person ceases to be a Subsidiary of the Borrower as a result of a transaction permitted hereunderunder the Credit Documents. 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 from its obligations under the Guaranty Guaranty, pursuant to this Section 14.910.10.
Appears in 2 contracts
Samples: Syndicated Facility Agreement (Genuine Parts Co), Syndicated Facility Agreement (Genuine Parts Co)
Guaranty Matters. The Lenders irrevocably authorize the Administrative Agent, at its option and in its discretion, to release any Guarantor from its obligations under the Guaranties Subsidiary Guaranty if such Person ceases to be a Subsidiary of the Borrower as a result of a transaction permitted hereunder. 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 from its obligations under the Subsidiary Guaranty pursuant to this Section 14.97.10.
Appears in 2 contracts
Samples: Revolving Credit Facility Agreement (Lennox International Inc), Revolving Credit Facility Agreement (Lennox International Inc)
Guaranty Matters. The Lenders (including in their respective capacities as potential Treasury Management Banks and Swap Banks) and the L/C Issuers irrevocably authorize the Administrative Agent, at its option and in its discretion, to release any Guarantor from its obligations under the Guaranties Guaranty if such Person ceases to be a Subsidiary of the Borrower as a result of a transaction permitted hereunder. Upon request by the Administrative Agent at any time, the Required Lenders will confirm in writing the Administrative Agent’s 's authority to release any Guarantor from its obligations under the Guaranty Guaranty, pursuant to this Section 14.99.10.
Appears in 2 contracts
Samples: Credit Agreement (Vectren Utility Holdings Inc), Credit Agreement (Vectren Utility Holdings Inc)
Guaranty Matters. The Administrative Agent shall, and the Lenders irrevocably authorize the AgentAdministrative Agent to, at its option and in its discretionupon the written request of the Company so long as no Default or Event of Default exists, to release any Guarantor from its obligations under the Guaranties if Subsidiary Guaranty if, after giving effect to such Person ceases to be a Subsidiary of release, the Borrower as a result of a transaction permitted hereunderCompany is in compliance with Section 7.14. 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 from its obligations under the Subsidiary Guaranty pursuant to this Section 14.910.09.
Appears in 2 contracts
Samples: Credit Agreement (Regis Corp), Credit Agreement (Regis Corp)
Guaranty Matters. The Lenders irrevocably authorize the Administrative Agent, at its option and in its discretion, to release any Guarantor from its obligations under the Guaranties Guaranty if such Person ceases to be a Restricted Subsidiary of the Borrower as a result of a transaction permitted hereunder. Upon request by the Administrative Agent at any time, the Required Lenders will confirm in writing the Administrative Agent’s authority to release or subordinate its interest in particular types or items of property, or to release any Guarantor from its obligations under the Guaranty pursuant to this Section 14.99.10.
Appears in 2 contracts
Samples: Bridge Loan Agreement (Copano Energy, L.L.C.), Loan Agreement (Copano Energy, L.L.C.)
Guaranty Matters. The Lenders and the L/C Issuers irrevocably authorize the AgentAdministrative Agent to, at its option and in its discretionthe Administrative Agent shall, to release any Guarantor from its obligations under the Guaranties Guaranty (a) if such Person ceases to be a Subsidiary of the Borrower as a result of a transaction permitted hereunderunder the Loan Documents or (b) pursuant to Section 2.16(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 Guarantor from its obligations under the Guaranty Guaranty, pursuant to this Section 14.910.10.
Appears in 2 contracts
Samples: Credit Agreement (Joy Global Inc), Credit Agreement (Joy Global Inc)
Guaranty Matters. The Lenders and the L/C Issuer irrevocably authorize the Administrative Agent, at its option and in its discretion, to release any Guarantor from its obligations under the Guaranties Guaranty if (a) such Person ceases to be a Subsidiary of the Borrower as a result of a transaction permitted hereunderhereunder or (b) in connection with a transaction permitted pursuant to Section 7.04. 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 from its obligations under the Guaranty pursuant to this Section 14.99.10.
Appears in 2 contracts
Samples: Credit Agreement (Retail Opportunity Investments Corp), Credit Agreement (Retail Opportunity Investments Corp)
Guaranty Matters. The Lenders Each Lender hereby irrevocably authorize the authorizes Administrative Agent, at its option and in its discretion, to release any Guarantor from its obligations under the Guaranties Guaranty if such Person ceases to be a Subsidiary of the Borrower as a result of a transaction permitted hereunder. Upon request by the Administrative Agent at any time, the Required Lenders each Lender will confirm in writing the Administrative Agent’s authority to release any Guarantor from its obligations under the Guaranty pursuant to this Section 14.99.11.
Appears in 2 contracts
Samples: Credit Agreement (Micros Systems Inc), Credit Agreement (Micros Systems Inc)
Guaranty Matters. The Without limiting the provisions of Section 12.9, the Lenders (including in its capacities as a potential Hedge Bank) irrevocably authorize the Administrative Agent, at its option and in its discretion, to release any Guarantor from its obligations under the Guaranties Guaranty if such Person ceases to be a Subsidiary of the Borrower as a result of a transaction permitted hereunderunder the Loan Documents. 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 from its obligations under the Guaranty pursuant to this Section 14.912.10.
Appears in 2 contracts
Samples: Term Loan Agreement (Chicago Bridge & Iron Co N V), Term Loan Agreement (Chicago Bridge & Iron Co N V)
Guaranty Matters. The Lenders irrevocably authorize the Administrative Agent, at its option and in its discretion, to release any Guarantor from its obligations under the Guaranties Guaranty if such Person ceases to be a Subsidiary of the Borrower (or a Material Subsidiary, as applicable) as a result of a transaction permitted hereunder. 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 from its obligations under the Guaranty Guaranty, pursuant to this Section 14.910.10.
Appears in 2 contracts
Samples: Credit Agreement (Energen Corp), Credit Agreement (Energen Corp)
Guaranty Matters. The Lenders irrevocably authorize the Administrative Agent, at its option and in its discretion, discretion to release any Guarantor from its obligations under the Guaranties Guaranty if such Person ceases to be a Subsidiary of the Borrower as a result of a transaction permitted hereunder. Upon request by the Administrative Agent at any time, the Required Lenders will confirm in writing the Agent’s authority of the Administrative Agent to release any Guarantor from its obligations under the Guaranty hereunder pursuant to this Section 14.98.11.
Appears in 2 contracts
Samples: Credit Agreement (Healthcare Realty Trust Inc), Credit Agreement (Healthcare Realty Trust Inc)
Guaranty Matters. The Lenders (including in their respective capacities as potential Treasury Management Banks and Swap Banks) and the L/C Issuers irrevocably authorize the Administrative Agent, at its option and in its discretion, to release any the Guarantor from its obligations under the Guaranties Guaranty if such Person ceases to be a Subsidiary of the Borrower as a result of a transaction permitted hereunder. Upon request by the Administrative Agent at any time, the Required Lenders will confirm in writing the Administrative Agent’s 's authority to release any the Guarantor from its obligations under the Guaranty Guaranty, pursuant to this Section 14.99.10.
Appears in 2 contracts
Samples: Credit Agreement (Vectren Utility Holdings Inc), Credit Agreement (Vectren Utility Holdings Inc)
Guaranty Matters. The Lenders irrevocably authorize the Administrative Agent, at its option and in its discretion, to release any Subsidiary Guarantor from its obligations under the Guaranties Subsidiary Guaranty if such Person ceases to be a Subsidiary of the Borrower or a Subsidiary of the Parent as a result of a transaction permitted hereunder. Upon request by the Administrative Agent at any time, the Required Lenders will shall promptly confirm in writing the Administrative Agent’s authority to release any Guarantor from its obligations under the Subsidiary Guaranty pursuant to this Section 14.97.10.
Appears in 2 contracts
Samples: Credit Agreement (Invesco Ltd.), Five Year Credit Agreement (Invesco Ltd.)
Guaranty Matters. The Without limiting the provisions of Section 10.09, each of the Lenders irrevocably authorize the Administrative Agent, at its option and in its discretion, to release any Guarantor from its obligations under the Guaranties Guaranty if (i) such Person ceases to be a Subsidiary of the Borrower as a result of a transaction permitted hereunderunder the Loan Documents or (ii) such Person becomes an Immaterial Subsidiary or an Excluded Subsidiary. 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 from its obligations under the Guaranty pursuant to this Section 14.910.10.
Appears in 2 contracts
Samples: Loan Agreement (Cadence Design Systems Inc), Loan Agreement (Cadence Design Systems Inc)
Guaranty Matters. The Lenders and the L/C Issuer irrevocably authorize the Administrative Agent, at its option and in its discretion, to release any Guarantor from its obligations under the Guaranties Guaranty if such Person ceases to be a Subsidiary of the Borrower as a result of a transaction permitted hereunder. 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 from its obligations under the Guaranty pursuant to this Section 14.910.10.
Appears in 2 contracts
Samples: Credit Agreement (Corporate Executive Board Co), Credit Agreement (Wausau Paper Corp.)
Guaranty Matters. The Lenders irrevocably authorize the Administrative Agent, at its option and in its discretion, to release any Guarantor from its obligations under the Guaranties Guaranty if such Person ceases to be a Subsidiary of the Borrower as a result of a transaction permitted hereunder. 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 from its obligations under the Guaranty Guaranty, pursuant to this Section 14.98.10.
Appears in 2 contracts
Samples: Credit Agreement (Novellus Systems Inc), Credit Agreement (Novellus Systems Inc)
Guaranty Matters. The Lenders irrevocably authorize the Administrative Agent, at its option and in its discretion, to release any Subsidiary Guarantor from its obligations under the Guaranties Subsidiary Guaranty if such Person ceases to be a Subsidiary of the Borrower as a result of a transaction permitted hereunder. Upon request by the Administrative Agent at any time, the Required Lenders will confirm in writing the Administrative Agent’s 's authority to release any Subsidiary Guarantor from its obligations under the Subsidiary Guaranty pursuant to this Section 14.99.11.
Appears in 2 contracts
Samples: Credit Agreement (Fidelity National Financial Inc /De/), Credit Agreement (Fidelity National Financial Inc /De/)
Guaranty Matters. The Lenders irrevocably authorize the Administrative Agent, at its option and in its discretion, to release any Guarantor from its obligations under the Guaranties Guaranty if (a) such Person ceases to be a Subsidiary of the Borrower as a result of a transaction permitted hereunderhereunder or (b) in connection with a transaction permitted pursuant to Section 7.04. 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 from its obligations under the Guaranty pursuant to this Section 14.99.10.
Appears in 2 contracts
Samples: Term Loan Agreement (Retail Opportunity Investments Corp), Term Loan Agreement (Retail Opportunity Investments Corp)
Guaranty Matters. The Lenders irrevocably authorize the Agent, at its option and in its discretion, discretion to release any Guarantor from its obligations under the Guaranties Guaranty if such Person ceases to be a Subsidiary of the Borrower as a result of a transaction permitted hereunder. Upon request by the Agent at any time, the Required Majority Lenders will confirm in writing the Agent’s authority to release any Guarantor from its obligations under the Guaranty pursuant to this Section 14.910.10.
Appears in 2 contracts
Samples: Credit Agreement (CBIZ, Inc.), Credit Agreement (CBIZ, Inc.)
Guaranty Matters. The Lenders irrevocably authorize the Administrative Agent, at its option and in its discretion, to release any Guarantor from its obligations under the Guaranties Guaranty if such Person ceases to be a Subsidiary of the Borrower as a result of a transaction permitted hereunderhereunder or as otherwise expressly provided in any Loan Document. Upon request by the Administrative Agent at any time, the Required Majority Lenders will confirm in writing the Administrative Agent’s authority to release any Guarantor from its obligations under the Guaranty pursuant to this Section 14.99.9.
Appears in 2 contracts
Samples: 364 Day Credit Agreement (Plains All American Pipeline Lp), 364 Day Credit Agreement (Plains All American Pipeline Lp)
Guaranty Matters. The Lenders irrevocably authorize the Administrative Agent, at its option and in its discretion, to release any Guarantor from its obligations under the Guaranties a Guaranty if such Person ceases to be a Consolidated Subsidiary of the Borrower as a result of a transaction permitted hereunderby Section 7.04(a), or as a result of the Property of such Guarantor no longer qualifying as Unencumbered Borrowing Base Property due to a Disposition, Investment, financing or other transaction permitted under this Agreement. 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 from its obligations under the Guaranty pursuant to this Section 14.99.10.
Appears in 2 contracts
Samples: Credit Agreement (Cb Richard Ellis Realty Trust), Credit Agreement (Cb Richard Ellis Realty Trust)
Guaranty Matters. The Lenders and the L/C Issuer irrevocably authorize the Administrative Agent, at its option and in its discretion, to release any Subsidiary Guarantor from its obligations under the Guaranties Subsidiary Guaranty if such Person ceases to be a Subsidiary of the Borrower as a result of a transaction permitted hereunder. Upon request by the Administrative Agent at any time, the Required Lenders each Lender will confirm in writing the Administrative Agent’s authority to release any Subsidiary Guarantor from its obligations under the Guaranty pursuant to this Section 14.99.10.
Appears in 2 contracts
Samples: Credit Agreement (Aecom Technology Corp), Credit Agreement (Aecom Technology Corp)
Guaranty Matters. The Lenders Banks irrevocably authorize the Administrative Agent, at its option and in its discretion, to release any Guarantor Subsidiary from its obligations under the Guaranties Subsidiary Guaranty if such Person ceases to be a Subsidiary of the Borrower as a result of a transaction permitted hereunder. Upon request by the Administrative Agent at any time, the Required Lenders Banks will confirm in writing the Administrative Agent’s 's authority to release any Guarantor Subsidiary from its obligations under the Subsidiary Guaranty pursuant to this Section 14.910.11.
Appears in 2 contracts
Samples: Term Loan Agreement (Kb Home), Revolving Loan Agreement (Kb Home)
Guaranty Matters. The Lenders and the L/C Issuer irrevocably authorize the Administrative Agent, at its option and in its discretion, to release any Guarantor from its obligations under the Guaranties Guaranty if such Person ceases to be a Subsidiary of the Borrower as a result of a transaction permitted hereunder. Upon request by the Administrative Agent at any time, the Required Lenders and the L/C Issuer will confirm in writing the Administrative Agent’s authority to release any Guarantor from its obligations under the Guaranty pursuant to this Section 14.99.10.
Appears in 2 contracts
Samples: Credit Agreement (Precision Castparts Corp), Credit Agreement (Precision Castparts Corp)
Guaranty Matters. The Lenders irrevocably authorize the Administrative Agent, at its option and in its discretion, to release any Guarantor from its obligations under the Guaranties Guaranty if such Person ceases to be a Subsidiary of the Borrower as a result of a transaction permitted hereunderunder the Loan Documents. 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 from its obligations under the Guaranty pursuant to this Section 14.910.11.
Appears in 2 contracts
Samples: Credit Agreement (Snyder's-Lance, Inc.), Credit Agreement (Snyder's-Lance, Inc.)
Guaranty Matters. The Lenders irrevocably authorize the Administrative Agent, at its option and in its discretion, to release any Subsidiary Guarantor from its obligations under the Guaranties Subsidiary Guaranty if such Person ceases to be a Subsidiary of the Borrower as a result of a transaction permitted hereunderby Section 8.04(a). 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 from its obligations under the Subsidiary Guaranty pursuant to this Section 14.910.10.
Appears in 2 contracts
Samples: Credit Agreement (PMC Commercial Trust /Tx), Credit Agreement (PMC Commercial Trust /Tx)
Guaranty Matters. The Lenders irrevocably authorize the Administrative Agent, at its option and in its discretion, to release any Guarantor from its obligations under the Guaranties Guaranty if such Person ceases to be a Subsidiary of the Borrower as a result of a transaction permitted hereunder. 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 from its obligations under the applicable Guaranty pursuant to this Section 14.910.11.
Appears in 2 contracts
Samples: 364 Day Credit Agreement (Devon Energy Corp/De), 364 Day Credit Agreement (Devon Energy Corp/De)
Guaranty Matters. The Lenders and the L/C Issuer irrevocably authorize the Administrative Agent, at its option and in its discretion, to release any Subsidiary Guarantor from its obligations under the Guaranties Subsidiary Guaranty Agreement if such Person ceases to be a Subsidiary of the Borrower as a result of a transaction permitted hereunder. 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 from its obligations under the Subsidiary Guaranty Agreement pursuant to this Section 14.99.10.
Appears in 2 contracts
Samples: Credit Agreement (Carmax Inc), Credit Agreement (Hologic Inc)
Guaranty Matters. The Lenders irrevocably authorize the Administrative Agent, at its option and in its discretion, to release any Guarantor from its obligations under the Guaranties Guaranty if such Person ceases to be a Subsidiary of the Borrower as a result of a transaction permitted hereunder. Upon request by the Administrative Agent at any time, the Required Lenders will confirm in writing the Administrative Agent’s 's authority to release any Guarantor from its obligations under the Guaranty pursuant to this Section 14.99.10.
Appears in 2 contracts
Samples: Credit Agreement (Cash America International Inc), Credit Agreement (Cash America International Inc)
Guaranty Matters. The Without limiting the provisions of Section 9.09, the Lenders irrevocably authorize the Administrative Agent, at its option and in its discretion, to release any Guarantor from its obligations under the Guaranties Guaranty if such Person ceases to be a Subsidiary of the Borrower as a result of a transaction permitted hereunderunder the Loan Documents. 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 from its obligations under the Guaranty pursuant to this Section 14.99.10.
Appears in 2 contracts
Samples: Credit Agreement (Franklin Resources Inc), Credit Agreement (Smith & Wesson Holding Corp)
Guaranty Matters. The Lenders and the L/C Issuers irrevocably authorize the each Administrative Agent, at its option and in its discretion, to release any Subsidiary Guarantor from its obligations under the Guaranties Guaranty if such Person ceases to be a Subsidiary of the Borrower as a result of a transaction permitted hereunder. Upon request by the an Administrative Agent at any time, the Required Lenders will confirm in writing the such Administrative Agent’s authority to release any Subsidiary Guarantor from its obligations under the Guaranty Guaranty, pursuant to this Section 14.910.10.
Appears in 2 contracts
Samples: Credit Agreement (Graybar Electric Co Inc), Credit Agreement (Graybar Electric Co Inc)
Guaranty Matters. The Lenders irrevocably authorize the Paying Agent, at its option and in its discretion, to release any Subsidiary Guarantor from its obligations under the Guaranties such Subsidiary Guarantor’s Subsidiary Guaranty if such Person ceases to be a Subsidiary of the Borrower as a result of a transaction permitted hereunder. Upon request by the Paying Agent at any time, the Required Lenders will confirm in writing the Paying Agent’s authority to release any Guarantor from its obligations under the Guaranty pursuant to this Section 14.98.11.
Appears in 2 contracts
Samples: 364 Day Credit Agreement (Tyco International LTD /Ber/), Credit Agreement (Tyco International LTD /Ber/)
Guaranty Matters. The Lenders and the L/C Issuer irrevocably authorize the Administrative Agent, at its option and in its discretion, to release any Subsidiary Guarantor from its obligations under the Guaranties Subsidiary Guaranty if such Person ceases to be a Subsidiary of the Borrower as a result of a transaction permitted hereunderby Section 8.04(a). 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 from its obligations under the Subsidiary Guaranty pursuant to this Section 14.910.10.
Appears in 2 contracts
Samples: Credit Agreement (PMC Commercial Trust /Tx), Credit Agreement (PMC Commercial Trust /Tx)
Guaranty Matters. The Lenders irrevocably authorize the Administrative Agent, at its option and in its discretion, discretion to release any Guarantor Loan Party from its obligations under the Guaranties Guaranty Agreement if such Person ceases to be a Subsidiary of the Borrower as a result of a transaction permitted hereunder. Upon request by the Agent at any time, the Required Lenders will confirm in writing the Agent’s authority to release any Guarantor from its obligations under the Guaranty pursuant to this Section 14.9.
Appears in 2 contracts
Samples: Revolving Credit Agreement (Healthstream Inc), Revolving Credit Agreement (Healthstream Inc)
Guaranty Matters. The Lenders irrevocably hereby authorize the Administrative Agent, at its option and in its discretion, to release (x) any Guarantor from its obligations under the Guaranties Guaranty and (y) Hewfant from its obligations under this Agreement, if such Person ceases to be a Subsidiary of the Borrower as a result of a transaction permitted hereunder. Upon request by the Administrative Agent at any time, the Required Lenders will confirm in writing the Administrative Agent’s authority to release or subordinate its interest in particular types or items of property, or to release any Guarantor such Person from its obligations under the Guaranty or this Agreement, as applicable, pursuant to this Section 14.910.9.
Appears in 2 contracts
Samples: Credit Agreement (Jackson Hewitt Tax Service Inc), Credit Agreement (Jackson Hewitt Tax Service Inc)
Guaranty Matters. The Lenders irrevocably authorize the Administrative Agent, at its option and in its discretion, to release any Guarantor from its obligations under the Guaranties Guaranty if such Person ceases to be a Subsidiary of the Borrower as a result of a transaction permitted hereunder. Upon request by the Administrative Agent at any time, the Required Lenders will confirm in writing the Administrative Agent’s 's authority to release any Guarantor from its obligations under the Guaranty pursuant to this Section 14.9.9.12. ------------
Appears in 2 contracts
Samples: Credit Agreement (Engineered Support Systems Inc), Credit Agreement (Engineered Support Systems Inc)
Guaranty Matters. The Lenders irrevocably authorize the Administrative Agent, at its option and in its discretion, to release any Guarantor from its obligations under the Guaranties Guaranty if such Person ceases to be a Subsidiary of the Borrower as a result of a transaction permitted hereunderunder the Loan Documents. Upon request by the Administrative Agent at any time, the Required Requisite Lenders will confirm in writing the Administrative Agent’s authority to release any Guarantor from its obligations under the Guaranty pursuant to this Section 14.912.10.
Appears in 2 contracts
Samples: Term Loan Agreement (Spirit Realty, L.P.), Term Loan Agreement (Spirit Realty Capital, Inc.)
Guaranty Matters. The Lenders irrevocably authorize the Administrative Agent, at its option and in its discretion, to release any Guarantor from its obligations under the Guaranties its Guaranty upon consummation of any transaction or related series of transactions not prohibited under this Agreement if as a result thereof such Person ceases Guarantor shall cease to be a Subsidiary of the Borrower as a result of a transaction permitted hereunderBorrower. Upon request by the Administrative Agent at any time, the Required Lenders Xxxxxxx will confirm in writing the Administrative Agent’s authority to release any Guarantor from its obligations under the Guaranty pursuant to this Section 14.911.10.
Appears in 2 contracts
Samples: Delayed Draw Term Loan Credit Agreement (Devon Energy Corp/De), Credit Agreement (Devon Energy Corp/De)
Guaranty Matters. The Lenders (including in its capacities as a potential Cash Management Bank and a potential Hedge Bank) and the L/C Issuers irrevocably authorize the Administrative Agent, at its option and in its discretion, to release any Subsidiary Guarantor from its obligations under the Guaranties Subsidiary Guaranty if such Person ceases to be a Subsidiary of the Borrower as a result of a transaction permitted hereunderunder the Loan Documents. 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 from its obligations under the Subsidiary Guaranty pursuant to this Section 14.99.10.
Appears in 2 contracts
Samples: Credit Agreement (Clarcor Inc.), Credit Agreement (Clarcor Inc.)
Guaranty Matters. The Lenders and the L/C Issuers irrevocably authorize the Administrative Agent, at its option and in its discretion, to release any Guarantor from its obligations under the Guaranties Guaranty if such Person ceases to be a Subsidiary of the Borrower as a result of a transaction permitted hereunder. 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 from its obligations under the Guaranty pursuant to this Section 14.99.10.
Appears in 2 contracts
Samples: Credit Agreement (Patterson Uti Energy Inc), Credit Agreement (Patterson Uti Energy Inc)
Guaranty Matters. The Without limiting the provisions of Section 9.09, the Lenders and the L/C Issuer irrevocably authorize the Administrative Agent, at its option and in its discretion, to release any Guarantor from its obligations under the Guaranties Guaranty if such Person ceases to be a Subsidiary of the Borrower as a result of a transaction permitted hereunderunder the Loan Documents. 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 from its obligations under the Guaranty pursuant to this Section 14.99.10.
Appears in 2 contracts
Samples: Credit Agreement (Gas Natural Inc.), Credit Agreement (Gas Natural Inc.)
Guaranty Matters. The Lenders irrevocably authorize Administrative Agent shall, upon the Agentwritten instructions of the Required Lenders, at its option and in its discretion, to release any Guarantor from its obligations under the Guaranties if such Person Guaranty. If any Guarantor ceases to be a Subsidiary of the Borrower as a result of a transaction permitted hereunder. Upon request by under the Agent at any timeLoan Documents, the Required Lenders will confirm in writing the Agent’s authority to release any then such Guarantor shall automatically be released from its obligations under the Guaranty pursuant Guaranty. The Administrative Agent shall, promptly upon the written request of the Borrower and at the Borrower’s sole cost, execute all such documentation as may reasonably requested to this Section 14.9evidence or confirm such release.
Appears in 2 contracts
Samples: Credit Agreement (Cemex Sab De Cv), Credit Agreement (Cemex Sab De Cv)
Guaranty Matters. The Lenders irrevocably authorize the Administrative Agent, at its option and in its discretion, to release any Subsidiary Guarantor from its obligations under the Guaranties Guaranty if (i) such Person ceases to be a Subsidiary of the Borrower as a result of a transaction permitted hereunderhereunder or (ii) such release is permitted pursuant to and in accordance with Section 8.2. 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 from its obligations under the Guaranty pursuant to this Section 14.910.12.
Appears in 2 contracts
Samples: Term Loan Agreement (New Plan Excel Realty Trust Inc), Term Loan Agreement (New Plan Excel Realty Trust Inc)
Guaranty Matters. The Lenders and the L/C Issuer irrevocably authorize the Administrative Agent, at its option and in its discretion, to release any Subsidiary Guarantor from its obligations under the Guaranties Subsidiary Guaranty if such Person ceases to be a Subsidiary of the Borrower as a result of a transaction permitted hereunder. 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 from its obligations under the Subsidiary Guaranty pursuant to this Section 14.99.08.
Appears in 2 contracts
Samples: Credit Agreement (Curtiss Wright Corp), Credit Agreement (Curtiss Wright Corp)
Guaranty Matters. The Lenders (including each in its capacities as a potential Cash Management Bank and a potential Hedge Bank) and the L/C Issuer irrevocably authorize the Administrative Agent, at its option and in its discretion, to release any Guarantor from its obligations under the Guaranties Guaranty if such Person ceases to be a Subsidiary of the Borrower as a result of a transaction permitted hereunder. 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 from its obligations under the Guaranty pursuant to this Section 14.99.10.
Appears in 2 contracts
Samples: Credit Agreement (TreeHouse Foods, Inc.), Credit Agreement (TreeHouse Foods, Inc.)
Guaranty Matters. The Lenders and L/C Issuers irrevocably authorize the Administrative Agent, at its option and in its discretion, to release any Guarantor from its obligations under the Guaranties Guaranty Agreement if such Person ceases to be a Subsidiary of the Borrower Parent as a result of a transaction permitted hereunder. 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 from its obligations under the Guaranty Agreement pursuant to this Section 14.99.11.
Appears in 2 contracts
Samples: Credit Agreement (Willis Group Holdings PLC), Credit Agreement and Guaranty Agreement (Willis Group Holdings PLC)
Guaranty Matters. The Lenders irrevocably authorize the Administrative Agent, at its option and in its discretion, to release any Guarantor from its obligations under the Guaranties Guaranty if such Person ceases to be a Significant Subsidiary or otherwise ceases to be required to be a Guarantor hereunder or under the terms of the Borrower as a result of a transaction permitted hereunderGuaranty. 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 from its obligations under the Guaranty pursuant to this Section 14.99.10.
Appears in 2 contracts
Samples: Credit Agreement (Aecom Technology Corp), Credit Agreement (Aecom Technology Corp)
