Common use of Guaranty Matters Clause in Contracts

Guaranty Matters. Each Lender and the L/C Issuer hereby irrevocably authorizes Agent, at its option and in its discretion, to release any Guarantor from its obligations under the Guaranty if such Person ceases to be a Subsidiary as a result of a transaction permitted hereunder. Upon request by Agent at any time, each Lender and the L/C Issuer will confirm in writing Agent’s authority to release any Guarantor from its obligations under the Guaranty pursuant to this Section 9.10.

Appears in 22 contracts

Samples: Credit Agreement (Resmed Inc), Credit Agreement, Credit Agreement (Resmed Inc)

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Guaranty Matters. Each Lender The Lenders and the L/C Issuer hereby irrevocably authorizes authorize the Administrative Agent, at its option and in its discretion, to release any Guarantor from its obligations under the Guaranty if such Person ceases to be a Subsidiary as a result of a transaction permitted hereunder. Upon request by the Administrative Agent at any time, each Lender and the L/C Issuer 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 9.10.

Appears in 20 contracts

Samples: Credit Agreement (Piedmont Natural Gas Co Inc), Credit Agreement (Tidewater Inc), Credit Agreement (Piedmont Natural Gas Co Inc)

Guaranty Matters. Each Lender The Lenders and the L/C Issuer hereby irrevocably authorizes authorize the Administrative Agent, at its option and in its discretion, to release any Guarantor from its obligations under the Guaranty if such Person ceases to be a Subsidiary as a result of a transaction permitted hereunder. Upon request by the Administrative Agent at any time, each Lender and the L/C Issuer 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 9.1010.10.

Appears in 12 contracts

Samples: Credit Agreement (Brady Corp), Credit Agreement (Brady Corp), Credit Agreement (Brady Corp)

Guaranty Matters. Each Lender and the L/C Issuer hereby irrevocably authorizes Agent, at its option and in its discretion, to release any Guarantor from its obligations under the Guaranty if such Person ceases to be a Subsidiary as a result of a transaction permitted hereunder. Upon request by Agent at any time, each Lender and the L/C Issuer will confirm in writing Agent’s authority to release any Guarantor from its obligations under the Guaranty pursuant to this Section 9.109.11.

Appears in 5 contracts

Samples: Credit Agreement (Quidel Corp /De/), Credit Agreement (Planar Systems Inc), Credit Agreement (Quidel Corp /De/)

Guaranty Matters. Each Lender (including in its capacities as a potential Hedge Bank and a potential Cash Management Bank) and the L/C Issuer hereby irrevocably authorizes Administrative Agent, at its option and in its discretion, to release any Guarantor from its obligations under the Guaranty if such Person ceases to be a Subsidiary as a result of a transaction permitted hereunder. Upon request by Administrative Agent at any time, each Lender and the L/C Issuer will confirm in writing Administrative Agent’s authority to release any Guarantor from its obligations under the Guaranty pursuant to this Section 9.10.

Appears in 3 contracts

Samples: Credit Agreement (Mistras Group, Inc.), Credit Agreement (Mistras Group, Inc.), Credit Agreement (Mistras Group, Inc.)

Guaranty Matters. Each Lender and the L/C Issuer hereby irrevocably authorizes Agent, at its option and in its discretion, to release any Guarantor from its obligations under the Guaranty if such Person ceases to be a Subsidiary as a result of a transaction permitted hereunder. Upon request by Agent at any time, each Lender and the L/C Issuer will confirm in writing Agent’s 's authority to release any Guarantor from its obligations under the Guaranty pursuant to this Section 9.10.

Appears in 3 contracts

Samples: Credit Agreement (Insituform Technologies Inc), Credit Agreement (North American Galvanizing & Coatings Inc), Credit Agreement (Northwest Pipe Co)

Guaranty Matters. Each Lender and the L/C Issuer Issuing Lender hereby irrevocably authorizes the Agent, at its option and in its discretion, to release any Guarantor from its obligations under the Guaranty if such Person ceases to be a Subsidiary as a result of a transaction permitted hereunder. Upon request by the Agent at any time, each Lender and the L/C Issuer Issuing Lender will confirm in writing the Agent’s authority to release any Guarantor from its obligations under the Guaranty pursuant to this Section 9.1010.11.

Appears in 3 contracts

Samples: Credit and Security Agreement (Ameresco, Inc.), Credit and Security Agreement (Ameresco, Inc.), Credit and Security Agreement (Ameresco, Inc.)

Guaranty Matters. Each Lender The Lenders and the L/C Issuer hereby irrevocably authorizes authorize the Administrative Agent, at its option and in its discretion, to release any Subsidiary Guarantor from its obligations under the Guaranty if such Person ceases to be a Subsidiary as a result of a transaction permitted hereunder. Upon request by Agent at any time, each Lender and the L/C Issuer will confirm in writing Agent’s authority to release any Guarantor from its obligations under the Guaranty pursuant to this Section 9.10.

Appears in 2 contracts

Samples: Credit Agreement (Amphenol Corp /De/), Credit Agreement (Amphenol Corp /De/)

Guaranty Matters. Each Lender and the L/C Issuer hereby irrevocably authorizes Administrative Agent, at its option and in its discretion, to release any Guarantor from its obligations under the Guaranty if such Person ceases to be a Subsidiary as a result of a transaction permitted hereunder. Upon request by Administrative Agent at any time, each Lender and the L/C Issuer will confirm in writing Administrative Agent’s authority to release any Guarantor from its obligations under the Guaranty pursuant to this Section 9.10.

Appears in 2 contracts

Samples: Credit Agreement (Celadon Group Inc), Credit Agreement (Goldleaf Financial Solutions Inc.)

Guaranty Matters. Each Lender and the L/C Issuer hereby irrevocably authorizes Agent, at its option and in its discretion, to release any Guarantor from its obligations under the Guaranty if such Person ceases to be a Subsidiary as a result of a transaction permitted hereunder. Upon request by Agent at any time, each Lender and the L/C Issuer will confirm in writing Agent’s authority to release any Guarantor from its obligations under the Guaranty pursuant to this Section 9.10.

Appears in 2 contracts

Samples: Credit Agreement (Azz Inc), Credit Agreement (Powerwave Technologies Inc)

Guaranty Matters. Each Lender (including in such Lender’s capacity as a potential Cash Management Bank and a potential Hedge Bank) and the L/C Issuer hereby irrevocably authorizes Agent, at its option and in its discretion, to release any Guarantor from its obligations under the Guaranty if such Person ceases to be a Subsidiary as a result of a transaction permitted hereunder. Upon request by Agent at any time, each Lender and the L/C Issuer will confirm in writing Agent’s authority to release any Guarantor from its obligations under the Guaranty pursuant to this Section 9.10.

Appears in 2 contracts

Samples: Credit Agreement (Greenway Medical Technologies Inc), Credit Agreement (Greenway Medical Technologies Inc)

Guaranty Matters. Each Lender and the L/C Issuer hereby irrevocably authorizes Agent, at its option and in its discretion, ; to release any Guarantor from its obligations under the Guaranty if such Person ceases to be a Material Subsidiary as a result of a transaction permitted hereunder. Upon request by Agent at any time, each Lender and the L/C Issuer will confirm in writing Agent’s authority to release any Guarantor from its obligations under the its Affiliate Guaranty pursuant to this Section 9.1010.10.

Appears in 2 contracts

Samples: Credit Agreement (American Vanguard Corp), Credit Agreement (American Vanguard Corp)

Guaranty Matters. Each Lender So long as no Event of Default exists or would result therefrom, the Lenders and the L/C Issuer hereby irrevocably authorizes authorize the Agent, at its option and in its discretion, to release any Guarantor from its obligations under the Guaranty if such Person ceases to be a Material Domestic Subsidiary as a result of a transaction permitted hereunderunder the Loan Documents. Upon request by the Agent at any time, each Lender and the L/C Issuer Required Lenders will confirm in writing the Agent’s authority to release any Guarantor from its obligations under the Guaranty pursuant to this Section 9.109.09.

Appears in 2 contracts

Samples: Credit Agreement (Matson, Inc.), Credit Agreement (Alexander & Baldwin Holdings, Inc.)

Guaranty Matters. Each Lender and the L/C Issuer hereby irrevocably authorizes Agent, at its option and in its discretion, to release any Guarantor from its obligations under the Guaranty if such Person ceases to be a Subsidiary as a result of a transaction permitted hereunder. Upon request by Agent at any time, each Lender and the L/C Issuer will confirm in writing Agent’s 's authority to release any Guarantor from its obligations under the Guaranty pursuant to this Section 9.109.11.

Appears in 2 contracts

Samples: Credit Agreement (Micros Systems Inc), Credit Agreement (SCB Computer Technology Inc)

Guaranty Matters. Each Lender The Lenders and the L/C Issuer hereby LC Issuers irrevocably authorizes authorize each Agent, at its option and in its discretion, to release any Guarantor from its obligations under the Guaranty if such Person ceases to be a Subsidiary as a result of a transaction permitted hereunderhereunder or as otherwise expressly provided in any Loan Document. Upon request by an Agent at any time, each Lender and the L/C Issuer Majority Lenders will confirm in writing an Agent’s authority to release any Guarantor from its obligations under the Guaranty pursuant to this Section 9.109.9.

Appears in 2 contracts

Samples: Credit Agreement (Plains All American Pipeline Lp), Credit Agreement (Plains All American Pipeline Lp)

Guaranty Matters. Each Lender and the L/C Issuer hereby irrevocably authorizes Agent, at its option and in its discretion, to release any Guarantor from its obligations under the Guaranty if such Person ceases to be a Material Subsidiary as a result of a transaction permitted hereunder. Upon request by Agent at any time, each Lender and the L/C Issuer will confirm in writing Agent’s authority to release any Guarantor from its obligations under the Guaranty pursuant to this Section 9.1010.10.

Appears in 1 contract

Samples: Credit Agreement (American Vanguard Corp)

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Guaranty Matters. Each Lender and the L/C Issuer hereby irrevocably authorizes Agent, at its option and in its discretion, to release any Guarantor from its obligations under the Guaranty if such Person ceases to be a Material Subsidiary as a result of a transaction permitted hereunder. Upon request by Agent at any time, each Lender and the L/C Issuer will confirm in writing Agent’s authority to release any Guarantor from its obligations under the Guaranty pursuant to this Section 9.10.

Appears in 1 contract

Samples: Credit Agreement (American Vanguard Corp)

Guaranty Matters. Each Lender of the Lenders and the L/C Issuer hereby irrevocably authorizes authorize the Agent, at its option and in its discretion, to release any Guarantor from its obligations under the Guaranty if such Person ceases to be a Subsidiary as a result of a transaction permitted hereunder. Upon request by the Agent at any time, each Lender and the L/C Issuer Required Lenders will confirm in writing the Agent’s authority to release any Guarantor from its obligations under the Guaranty pursuant to this Section 9.10.

Appears in 1 contract

Samples: Credit Agreement (Littelfuse Inc /De)

Guaranty Matters. Each Lender and the L/C Issuer hereby irrevocably authorizes Agent, at its option and in its discretion, to release any Guarantor Guarantor, if any, from its obligations under the a Guaranty if such Person ceases to be a Subsidiary or has Disposed of all or substantially all of its assets, in each case as a result of a transaction permitted hereunder. Upon request by Agent at any time, each Lender and the L/C Issuer will confirm in writing Agent’s authority to release any Guarantor Guarantor, if any, from its obligations under the Guaranty pursuant to this Section 9.10.

Appears in 1 contract

Samples: Credit Agreement (InfuSystem Holdings, Inc)

Guaranty Matters. Each Lender and the each L/C Issuer hereby irrevocably authorizes Agent, at its option and in its discretion, to release any Guarantor from its obligations under the Guaranty if such Person ceases to be a Subsidiary as a result of a transaction permitted hereunder. Upon request by Agent at any time, each Lender and the each L/C Issuer will confirm in writing Agent’s authority to release any Guarantor from its obligations under the Guaranty pursuant to this Section 9.10.

Appears in 1 contract

Samples: Credit Agreement (Azz Inc)

Guaranty Matters. Each Lender The Lenders and the L/C Issuer hereby LC Issuers irrevocably authorizes authorize each Agent, at its option and in its discretion, to release any Guarantor from its obligations under the Guaranty if such Person ceases to be a Subsidiary as a result of a transaction permitted hereunderhereunder or as otherwise expressly provided in any Loan Document. Upon request by an Agent at any time, each Lender and the L/C Issuer Majority Lenders will confirm in writing an Agent’s 's authority to release any Guarantor from its obligations under the Guaranty pursuant to this Section 9.109.9.

Appears in 1 contract

Samples: Credit Agreement (Plains All American Pipeline Lp)

Guaranty Matters. Each Lender The Lenders and the L/C Issuer hereby irrevocably authorizes authorize the Administrative Agent, at its option and in its discretion, to release any Guarantor from its obligations under the Guaranty pursuant to Section 6.08 or if such Person ceases to be a Subsidiary as a result of a transaction permitted hereunder. Upon request by Agent at any time, each Lender and the L/C Issuer will confirm in writing Agent’s authority to release any Guarantor from its obligations under the Guaranty pursuant to this Section 9.10.

Appears in 1 contract

Samples: Credit Agreement (Precision Castparts Corp)

Guaranty Matters. Each Lender The Lenders and the L/C Issuer hereby irrevocably authorizes authorize the Agent, at its option and in its discretion, to release any Guarantor from its obligations under the Guaranty if such Person ceases to be a Subsidiary as a result of a transaction permitted hereunder, including if such Guarantor no longer owns any Borrowing Base Property and is therefore no longer required to be a Guarantor. Upon request by the Agent at any time, each Lender and the L/C Issuer Requisite Lenders will confirm in writing the Agent’s authority to release any Guarantor from its obligations under the Guaranty pursuant to this Section 9.10§14.10.

Appears in 1 contract

Samples: Credit Agreement (Monmouth Real Estate Investment Corp)

Guaranty Matters. Each Lender of the Lenders (including in its capacities as a potential Cash Management Bank and a potential Hedge Bank) and the L/C Issuer hereby irrevocably authorizes authorize the Agent, at its option and in its discretion, to release any Guarantor from its obligations under the Guaranty if such Person ceases to be a Subsidiary as a result of a transaction permitted hereunder. Upon request by the Agent at any time, each Lender and the L/C Issuer Required Lenders will confirm in writing the Agent’s authority to release any Guarantor from its obligations under the Guaranty pursuant to this Section 9.10.

Appears in 1 contract

Samples: Credit Agreement (Littelfuse Inc /De)

Guaranty Matters. Each Lender and the L/C Issuer hereby irrevocably authorizes Agent, at its option and in its discretion, to release any Guarantor from its obligations under the Guaranty if such Person ceases to be a Subsidiary as a result of a transaction permitted hereunder. Upon request by Agent at any time, each Lender and the L/C Issuer will confirm in writing Agent’s 's authority to release any Guarantor from its obligations under enter into the Guaranty pursuant to transactions described in this Section 9.10.

Appears in 1 contract

Samples: Credit Agreement (MV Partners LLC)

Guaranty Matters. Each Lender of the Lenders (including in its capacities as a potential Cash Management Bank and a potential Hedge Bank) and the L/C Issuer hereby irrevocably authorizes authorize the Agent, at its option and in its discretion, to release any Guarantor from its obligations under the Guaranty if such Person ceases to be a Subsidiary as a result of a transaction permitted hereunder. Upon request by the Agent at any time, each Lender and the L/C Issuer Required Lenders will confirm in writing the Agent’s authority to release any Guarantor from its obligations under the Guaranty pursuant to this Section 9.10.

Appears in 1 contract

Samples: Credit Agreement (Littelfuse Inc /De)

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