Guaranty Matters. Each of the Lenders (including each Lender in its capacity 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 Section 11 hereof if such Person ceases to be required to be a Guarantor pursuant to the terms 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 Section 11 hereof pursuant to this Section 9.10. In each case as specified in this Section 9.10, the Administrative Agent will, at the Borrower’s expense, execute and deliver to the applicable Loan Party such documents as Borrower may reasonably request to evidence the release of such Guarantor from its obligations hereunder, in each case in accordance with the terms of the Loan Documents and this Section 9.10.
Appears in 6 contracts
Samples: Credit Agreement (Pebblebrook Hotel Trust), Credit Agreement (Pebblebrook Hotel Trust), Credit Agreement (Pebblebrook Hotel Trust)
Guaranty Matters. (a) Each of the Lenders (including each Lender in its capacity as a potential Hedge Bank) and the L/C Issuers irrevocably authorize the Administrative Agent, at its option and in its discretion, discretion to release any Guarantor from its obligations under Section 11 hereof the Guaranty if such Person ceases to be required to be a Guarantor pursuant to Subsidiary as a result of a transaction permitted under the terms hereof. Loan Documents.
(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 Section 11 hereof the Guaranty pursuant to this Section 9.10. In each case as specified in this Section 9.10, the Administrative Agent will, at the Borrower’s expense, execute and deliver to the applicable Loan Party such documents as Borrower such Loan Party may reasonably request to evidence the release of such Guarantor from its obligations hereunderunder the Guaranty, in each case in accordance with the terms of the Loan Documents and this Section 9.10.
Appears in 5 contracts
Samples: Credit Agreement (Morningstar, Inc.), Credit Agreement (Morningstar, Inc.), Credit Agreement (Morningstar, Inc.)
Guaranty Matters. Each of the Lenders (including each Lender in its capacity as 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 Section 11 hereof the Guaranty if such Person ceases to be required to be a Guarantor pursuant to the terms hereofSubsidiary 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 Section 11 hereof the Guaranty pursuant to this Section 9.10. In each case as specified in this Section 9.10, the Administrative Agent will, at the Borrower’s Borrowers’ expense, execute and deliver to the applicable Loan Party such documents as Borrower such Loan Party may reasonably request to evidence the release of such Guarantor from its obligations hereunderunder the Guaranty, in each case in accordance with the terms of the Loan Documents and this Section 9.10.
Appears in 4 contracts
Samples: Credit Agreement (Potlatchdeltic Corp), Credit Agreement (Potlatchdeltic Corp), Credit Agreement (Potlatch Corp)
Guaranty Matters. Each of the Lenders (including each Lender in its capacity as 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 Section 11 hereof if such Person ceases to be required to be a Guarantor pursuant to the terms 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 Section 11 hereof pursuant to this Section 9.10. In each case as specified in this Section 9.10, the Administrative Agent will, at the Borrower’s expense, execute and deliver to the applicable Loan Party such documents as Borrower may reasonably request to evidence the release of such Guarantor from its obligations hereunder, in each case in accordance with the terms of the Loan Documents and this Section 9.10.
Appears in 4 contracts
Samples: Credit Agreement (Pebblebrook Hotel Trust), Credit Agreement (Pebblebrook Hotel Trust), Credit Agreement (Pebblebrook Hotel Trust)
Guaranty Matters. Each Without limiting the provisions of Section 9.09, the Lenders (including each Lender in its capacity as a potential Hedge Bank) and the L/C Issuers irrevocably authorize the Administrative Agent, at its option and in its discretion, discretion to release any Guarantor from its obligations under Section 11 hereof the Guaranty if such Person ceases to be required to be a Guarantor pursuant to Subsidiary as a result of a transaction permitted under the terms hereofLoan Documents or becomes 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 Section 11 hereof the Guaranty pursuant to this Section 9.10. In each case as specified in this Section 9.10, the The Administrative Agent will, at the Borrower’s expense, execute and deliver to the applicable Loan Party such documents as Borrower such Loan Party may reasonably request to evidence the release of such Guarantor from its obligations hereunderunder the Guaranty, in each case case, in accordance with the terms of the Loan Documents and this Section 9.10.
Appears in 4 contracts
Samples: Credit Agreement (Getty Realty Corp /Md/), Credit Agreement (Getty Realty Corp /Md/), Credit Agreement (Getty Realty Corp /Md/)
Guaranty Matters. Each of the Lenders (including each Lender in its capacity 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 Section 11 hereof the Guaranty if such Person ceases to be required to be a Guarantor pursuant to the terms hereofSubsidiary 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 Section 11 hereof the Guaranty pursuant to this Section 9.10. In each case as specified in this Section 9.10, the Administrative Agent will, at the Borrower’s Borrowers’ expense, execute and deliver to the applicable Loan Party such documents as Borrower such Loan Party may reasonably request to evidence the release of such Guarantor from its obligations hereunderunder the Guaranty, in each case in accordance with the terms of the Loan Documents and this Section 9.10.
Appears in 3 contracts
Samples: Term Loan Agreement (Potlatchdeltic Corp), Term Loan Agreement (Potlatch Corp), Term Loan Agreement (Potlatch Corp)
Guaranty Matters. Each Without limiting the provisions of Section 9.09, the Lenders (including each Lender in its capacity as a potential Hedge Bank) 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 Section 11 hereof the Subsidiary Guaranty if such Person ceases to be required to be a Guarantor pursuant to Subsidiary as a result of a transaction permitted under the terms hereofLoan 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 Section 11 hereof the Subsidiary Guaranty pursuant to this Section 9.10. In each case as specified in this Section 9.10, the Administrative Agent will, at the Borrower’s expense, execute and deliver to the applicable Loan Party such documents as Borrower such Loan Party may reasonably request to evidence the release of such Subsidiary Guarantor from its obligations hereunderunder the Subsidiary Guaranty, in each case in accordance with the terms of the Loan Documents and this Section 9.10.
Appears in 2 contracts
Samples: Credit Agreement (Regis Corp), Credit Agreement (Regis Corp)
Guaranty Matters. Each Without limiting the provisions of Section 9.09, each of the Lenders (including each Lender in its capacity capacities as a potential Hedge Bank) irrevocably authorize authorizes the Administrative Agent, at its option and in its discretion, to release any Guarantor from its obligations under Section 11 hereof the Guaranty if such Person ceases to be required to be a Guarantor pursuant to Subsidiary as a result of a transaction permitted under the terms hereofLoan 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 Section 11 hereof the Guaranty pursuant to this Section 9.10. In each case as specified in this Section 9.10, the Administrative Agent will, at the Borrower’s expense, execute and deliver to the applicable Loan Party such documents as Borrower such Loan Party may reasonably request to evidence the release of such Guarantor from its obligations hereunderunder the Guaranty, in each case in accordance with the terms of the Loan Documents and this Section 9.10.
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. Each of the The Lenders (including each Lender in its capacity their respective capacities as a current or potential Cash Management Banks and/or Hedge BankBanks) 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 Section 11 hereof the Guaranty if such Person ceases to be required to be a Guarantor pursuant to Subsidiary as a result of a transaction permitted under the terms hereofLoan 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 Section 11 hereof the Guaranty pursuant to this Section 9.10. In each case as specified in this Section 9.10, the The Administrative Agent will, at the Borrower’s expense, execute and deliver to the applicable Loan Party such documents as Borrower such Loan Party may reasonably request to evidence the release of such Guarantor from its obligations hereunderunder the Guaranty, in each case in accordance with the terms of the Loan Documents and this Section 9.10.
Appears in 2 contracts
Samples: Credit Agreement (New York Times Co), Credit Agreement (New York Times Co)
Guaranty Matters. Each of the Lenders (including each Lender in its capacity as a potential Hedge Bank) and the L/C Issuer irrevocably authorize the Co-Administrative AgentAgents, at its their option and in its their discretion, to release any Guarantor from its obligations under Section 11 hereof the Guaranty if such Person ceases to be required to be a Guarantor pursuant to the terms hereofSubsidiary as a result of a transaction permitted hereunder. Upon request by the Co-Administrative Agent Agents at any time, the Required Lenders will confirm in writing the Co-Administrative Agent’s Agents’ authority to release any Guarantor from its obligations under Section 11 hereof the Guaranty, pursuant to this Section 9.1010.10. In each case as specified in this Section 9.1010.10, the Co-Administrative Agent Agents will, at the Borrower’s reasonable expense, execute and deliver to the applicable Loan Party such documents as Borrower such Loan Party may reasonably request to evidence the release of such Guarantor from its obligations hereunder, in each case under the Guaranty in accordance with the terms of the Loan Documents and this Section 9.1010.10.
Appears in 2 contracts
Samples: Credit Agreement (Timken Co), Credit Agreement (Timken Co)
Guaranty Matters. Each of The Lenders and the Lenders (including each Lender in its capacity as a potential Hedge Bank) Issuing Banks irrevocably authorize the Administrative Agent, at its option and in its discretion, to release any Subsidiary Guarantor from its obligations under Section 11 hereof the Guaranty if such Person ceases to be required to be a Guarantor pursuant to the terms hereofSubsidiary 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 Section 11 hereof the Guaranty pursuant to this Section 9.108.10. In each case as specified in this Section 9.108.10, the Administrative Agent will, at the Borrower’s expense, execute and deliver to the applicable Loan Party such documents as Borrower such Loan Party may reasonably request to evidence the release of such Subsidiary Guarantor from its obligations hereunder, in each case under the Guaranty in accordance with Section 9.14(a), this Section 8.10, and the terms of the Loan Documents and this Section 9.10Documents.
Appears in 2 contracts
Samples: Credit Agreement (Medco Health Solutions Inc), Credit Agreement (Medco Health Solutions Inc)
Guaranty Matters. Each of the Lenders (including each Lender in its capacity as a potential Hedge Bank) irrevocably authorize the Administrative Agent, at its option and in its discretion, to release any Guarantor (other than the Parent) from its obligations under Section 11 hereof the Guaranty if such Person ceases to be required to be a Guarantor pursuant to Subsidiary as a result of a transaction permitted under the terms hereofLoan 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 (other than the Parent) from its obligations under Section 11 hereof the Guaranty pursuant to this Section 9.10. In each case as specified in this Section 9.10, the Administrative Agent will, at the Borrower’s expense, execute and deliver to the applicable Loan Party such documents as Borrower such Loan Party may reasonably request to evidence the release of such Guarantor from its obligations hereunderunder the Guaranty, in each case in accordance with the terms of the Loan Documents and this Section 9.10.
Appears in 1 contract
Samples: Credit Agreement (Intl Fcstone Inc.)
Guaranty Matters. Each of The Lenders and the Lenders (including each Lender in its capacity as a potential Hedge Bank) L/C Issuer irrevocably authorize the Administrative Agent, at its option and in its discretion, to release any Subsidiary Guarantor from its obligations under Section 11 hereof the Subsidiary Guaranty if such Person ceases to be required to be a Guarantor pursuant to Subsidiary as a result of a transaction permitted under the terms hereofLoan 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 Section 11 hereof the Guaranty pursuant to this Section 9.10. In each case as As specified in this Section 9.10, the Administrative Agent will, at the Borrower’s Borrowers’ expense, execute and deliver to the applicable Loan Party such documents as Borrower such Loan Party may reasonably request to evidence the release of such Subsidiary Guarantor from its obligations hereunderunder the Subsidiary Guaranty, in each case in accordance with the terms of the Loan Documents and this Section 9.10.
Appears in 1 contract
Guaranty Matters. Each of the Lenders (including each Lender in its capacity or any of its Affiliate’s capacities as a potential Hedge Bank) irrevocably authorize the Administrative Agent, at its option and in its discretion, discretion to release any Subsidiary Guarantor from its obligations under Section 11 hereof any Loan Documents if such Person ceases to be required to be a Guarantor pursuant to the terms hereofSubsidiary 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 Section 11 hereof the Subsidiary Guaranty Agreement pursuant to this Section 9.1011.9. In each case as specified in this Section 9.1011.9, the Administrative Agent will, at the Borrower’s expense, execute and deliver to the applicable Loan Credit Party such documents as Borrower such Credit Party may reasonably request to evidence the release of such Guarantor from its obligations hereunderunder the Subsidiary Guaranty Agreement, in each case in accordance with the terms of the Loan Documents and this Section 9.1011.9.
Appears in 1 contract
Samples: Credit Agreement (Cirrus Logic Inc)
Guaranty Matters. Each of the Lenders (including each Lender in its capacity capacities as a potential Cash Management Bank and a potential Hedge Bank) irrevocably authorize the Administrative Agent, at its option and in its discretion, discretion to release any Guarantor from its obligations under Section 11 hereof the Guaranty if such Person ceases to be required to be a Guarantor pursuant to Subsidiary as a result of a transaction permitted under the terms hereofLoan 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 Section 11 hereof the Guaranty pursuant to this Section 9.10. In each case as As specified in this Section 9.10, the Administrative Agent will, at the Borrower’s Borrowers’ expense, execute and deliver to the applicable Loan Party such documents as Borrower such Loan Party may reasonably request to evidence the release of such Guarantor from its obligations hereunderunder the Guaranty, in each case in accordance with the terms of the Loan Documents and this Section 9.10.. 108 Xxxxx Xxxxxx Credit and Guaranty Agreement AMERICAS/2024027744.12 4860-7476-1089.6
Appears in 1 contract
Samples: Credit and Guaranty Agreement (James Hardie Industries PLC)
Guaranty Matters. Each of the Lenders (including each Lender in its capacity as 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 Section 11 hereof the Guaranty if such Person ceases to be required to be a Guarantor pursuant to Subsidiary as a result of a transaction permitted under the terms hereofLoan Documents. 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 Section 11 hereof the Guaranty pursuant to this Section 9.10. In each case as specified in this Section 9.10, the Administrative Agent will, at the Borrower’s expense, execute and deliver to the applicable Loan Party such documents as Borrower such Loan Party may reasonably request to evidence the release of such Guarantor from its obligations hereunderunder the Guaranty, in each case in accordance with the terms of the Loan Documents and this Section 9.10.
Appears in 1 contract
Guaranty Matters. Each of the Lenders (including each Lender in its capacity 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 Section 11 hereof any Guaranty if such Person ceases to be required to be a Guarantor pursuant to Subsidiary as a result of a transaction permitted under the terms hereofLoan 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 Section 11 hereof any Guaranty pursuant to this Section 9.10. In each case as specified in this Section 9.10, the Administrative Agent will, at the Borrower’s expense, execute and deliver to the applicable Loan Party such documents as Borrower such Loan Party may reasonably request to evidence the release of such Guarantor from its obligations hereunder, in each case under any Guaranty in accordance with the terms of the Loan Documents and this Section 9.10.
Appears in 1 contract
Guaranty Matters. Each of the The Lenders (including each Lender in its capacity 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 Section 11 hereof the Subsidiaries Guarantee if such Person ceases to be required to be a Guarantor pursuant to the terms hereofMaterial Subsidiary 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 Section 11 hereof the Subsidiaries Guarantee pursuant to this Section 9.107.10. In each case as specified in this Section 9.107.10, the Administrative Agent will, at the Borrower’s expense, execute and deliver to the applicable Loan Party such documents as Borrower such Loan Party may reasonably request to evidence the release of such Guarantor from its obligations hereunderunder the Subsidiaries Guarantee, in each case in accordance with the terms of the Loan Documents and this Section 9.107.10.
Appears in 1 contract
Samples: Credit Agreement (Caremark Rx Inc)
Guaranty Matters. Each of the Lenders (including each Lender in its capacity 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, discretion to release any Guarantor from its obligations under Section 11 hereof the Guaranty if such Person ceases to be required to be a Guarantor pursuant to the terms hereofSubsidiary 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 Section 11 hereof the Guaranty pursuant to this Section 9.10. In each case as specified in this Section 9.10, the Administrative Agent will, at the U.S. Borrower’s expense, execute and deliver to the applicable Loan Party such documents as Borrower such Loan Party may reasonably request to evidence the release of such Guarantor from its obligations hereunderunder the Guaranty, in each case in accordance with the terms of the Loan Documents and this Section 9.10.
Appears in 1 contract
Guaranty Matters. Each of the Lenders (including each Lender in its capacity capacities as a potential Cash Management Bank and a potential Hedge Bank) and the U.S. L/C Issuer irrevocably authorize the Administrative Agent, at its option and in its discretion, Agent to release any Guarantor from its obligations under Section 11 hereof the Guaranty if such Person ceases to be required to be a Guarantor pursuant to Subsidiary as a result of a transaction permitted under the terms hereofLoan 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 Section 11 hereof the Guaranty pursuant to this Section 9.10. In each case as specified in this Section 9.10, the Administrative Agent will, at the BorrowerCompany’s expense, execute and deliver to the applicable Loan Party such documents as Borrower such Loan Party may reasonably request to evidence the release of such Guarantor from its obligations hereunderunder the Guaranty, in each case in accordance with the terms of the Loan Documents and this Section 9.10.
Appears in 1 contract
Guaranty Matters. Each Without limiting the provisions of Section 9.09, the Lenders (including each Lender in its capacity as a potential Hedge Bank) and the L/C Issuers irrevocably authorize the Administrative Agent, at its option and in its discretion, 126 discretion to release any Guarantor from its obligations under Section 11 hereof the Guaranty if such Person ceases to be required to be a Guarantor pursuant to Subsidiary as a result of a transaction permitted under the terms hereofLoan Documents or becomes 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 Section 11 hereof the Guaranty pursuant to this Section 9.10. In each case as specified in this Section 9.10, the The Administrative Agent will, at the Borrower’s expense, execute and deliver to the applicable Loan Party such documents as Borrower such Loan Party may reasonably request to evidence the release of such Guarantor from its obligations hereunderunder the Guaranty, in each case case, in accordance with the terms of the Loan Documents and this Section 9.10.
Appears in 1 contract
Guaranty Matters. (a) Each of the Lenders (including each Lender in its capacity as 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 Section 11 hereof the Guaranty if such Person ceases to be required to be a Guarantor pursuant to Subsidiary as a result of a transaction permitted under the terms hereof. Loan Documents.
(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 Section 11 hereof the Guaranty pursuant to this Section 9.10. In each case as specified in this Section 9.10, the Administrative Agent will, at the Borrower’s expense, execute and deliver to the applicable Loan Party such documents as Borrower such Loan Party may reasonably request to evidence the release of such Guarantor from its obligations hereunderunder the Guaranty, in each case in accordance with the terms of the Loan Documents and this Section 9.10.
Appears in 1 contract
Guaranty Matters. Each of the The Lenders (including each Lender in its capacity as a potential Hedge Bank) irrevocably authorize the Administrative Agent, at its option and in its discretion, ,
(a) [intentionally omitted];
(b) to release any Guarantor from its obligations under Section 11 hereof the Guaranty if such Person ceases to be required to be a Guarantor pursuant to the terms hereofSubsidiary as a result of a transaction permitted hereunder;
(c) [intentionally omitted]. 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 Section 11 hereof the Guaranty pursuant to this Section 9.10. In each case as specified in this Section 9.10, the Administrative Agent will, at the Borrower’s expense, execute and deliver to the applicable Loan Party such documents as Borrower such Loan Party may reasonably request to evidence the release of such Guarantor from its obligations hereunderunder the Guaranty, in each case in accordance with the terms of the Loan Documents and this Section 9.10.
Appears in 1 contract
Samples: Loan Agreement (Cenveo, Inc)
Guaranty Matters. Each of the Lenders (including each Lender in its capacity or any of its Affiliate’s capacities as a potential Hedge Bank or Cash Management Bank) irrevocably authorize the Administrative Agent, at its option and in its discretion, discretion to release any Guarantor from its obligations under Section 11 hereof any Loan Documents if such Person ceases to be required to be a Guarantor pursuant to Subsidiary as a result of a transaction permitted under the terms hereofLoan 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 Section 11 hereof the Guaranty pursuant to this Section 9.1010.9. In each case as specified in this Section 9.1010.9, the Administrative Agent will, at the Borrower’s expense, execute and deliver to the applicable Loan Credit Party such documents as Borrower such Credit Party may reasonably request to evidence the release of such Guarantor from its obligations hereunderunder the Guaranty, in each case in accordance with the terms of the Loan Documents and this Section 9.1010.9.
Appears in 1 contract
Guaranty Matters. (a) Each of the Lenders (including each Lender in its capacity as a potential Hedge Bank) and the L/C Issuers irrevocably authorize the Administrative Agent, at its option and in its discretion, discretion to release any Guarantor from its obligations under Section 11 hereof the Guaranty if such Person ceases to be required to be a Guarantor pursuant to Subsidiary as a result of a transaction permitted under the terms hereof. Loan Documents.
(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 Section 11 hereof the Guaranty pursuant to this Section 9.10. In each case as specified in this Section 9.10, the Administrative Agent will, at the Borrower’s expense, execute and deliver to the applicable Loan Party such documents as Borrower such Loan Party may reasonably request to evidence the release of such Guarantor from its obligations hereunderunder the Guaranty, in each case in accordance with the terms of the Loan Documents and this Section 9.109.
Appears in 1 contract
Samples: Credit Agreement (Morningstar, Inc.)
Guaranty Matters. Each of the The Lenders (including each Lender in its capacity 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 Section 11 hereof the Subsidiaries Guarantee if such Person ceases to be required to be a Guarantor pursuant to the terms hereofMaterial Subsidiary 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 Section 11 hereof the Subsidiaries Guarantee pursuant to this Section 9.107.10. In each case as specified in this Section 9.107.10, the Administrative Agent will, at the Borrower’s 's expense, execute and deliver to the applicable Loan Party such documents as Borrower such Loan Party may reasonably request to evidence the release of such Guarantor from its obligations hereunderunder the Subsidiaries Guarantee, in each case in accordance with the terms of the Loan Documents and this Section 9.107.10.
Appears in 1 contract
Samples: Credit Agreement (Caremark Rx Inc)
Guaranty Matters. Each of The Lenders and the Lenders (including each Lender in its capacity as a potential Hedge Bank) L/C Issuer irrevocably authorize the Administrative Agent, at its option and in its discretion, Agent to release any Guarantor from its obligations under Section 11 hereof the Guaranty if such Person ceases to be required a Subsidiary or all the assets of such Person are sold to be a Guarantor pursuant to Person other than the terms hereofBorrower or one of its Subsidiaries 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 Section 11 hereof the Guaranty, pursuant to this Section 9.1010.10. In each case as specified in this Section 9.10, the The Administrative Agent will, at the Borrower’s expense, execute and deliver to the applicable Loan Party Guarantor such documents as Borrower such Guarantor may reasonably request to evidence the release of such Guarantor from its obligations hereunderunder the Guaranty, in each case in accordance with the terms of the Loan Documents and this Section 9.1010.10.
Appears in 1 contract
Guaranty Matters. Each Without limiting the provisions of Section 9.09, each of the Lenders (including each Lender in its capacity capacities as a potential Cash Management Bank, a potential Hedge Bank and a potential PSLOC Bank) 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 Section 11 hereof the Loan Documents if such Person ceases to be required a Subsidiary or a Restricted Subsidiary as a result of a transaction permitted hereunder (including any release of Subsidiary Guarantor deemed to be a Guarantor an Unrestricted Subsidiary pursuant to the terms hereofSection 6.12(d)). 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 Section 11 hereof the Loan Documents pursuant to this Section 9.10. In each case as specified in this Section 9.10, the Administrative Agent will, at the Borrower’s Borrowers’ expense, execute and deliver to the applicable Loan Party such documents as Borrower such Loan Party may reasonably request to evidence the release of such Subsidiary Guarantor from its obligations hereunderunder the Loan Documents, in each case in accordance with the terms of the Loan Documents and this Section 9.10.
Appears in 1 contract
Samples: Credit Agreement (Mastec Inc)
Guaranty Matters. (a) Each of the Lenders (including each Lender in its capacity as 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 Section 11 hereof the Guaranty if such Person ceases to be required to be a Guarantor pursuant to Subsidiary as a result of a transaction permitted under the terms hereof. Loan Documents.
(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 Section 11 hereof the Guaranty pursuant to this Section 9.10. In each case as specified in this Section 9.10, the Administrative Agent will, at the Borrower’s expense, execute and deliver to the applicable Loan Party such documents as Borrower such Loan Party may reasonably request to evidence the release of such Guarantor from its obligations hereunderunder the Guaranty, in each case in accordance with the terms of the Loan Documents and this Section 9.10.
Appears in 1 contract
Guaranty Matters. (a) Each of the Lenders (including each Lender in its capacity as a potential Hedge Bank) irrevocably authorize the Administrative Agent, at its option and in its discretion, discretion to release any Guarantor from its obligations under Section 11 hereof the Guaranty if such Person ceases to be required to be a Guarantor pursuant to Subsidiary as a result of a transaction permitted under the terms hereof. Loan Documents.
(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 Section 11 hereof the Guaranty pursuant to this Section 9.10. In each case as specified in this Section 9.10, the Administrative Agent will, at the Borrower’s expense, execute and deliver to the applicable Loan Party such documents as Borrower such Loan Party may reasonably request to evidence the release of such Guarantor from its obligations hereunderunder the Guaranty, in each case in accordance with the terms of the Loan Documents and this Section 9.10.
Appears in 1 contract
Samples: Credit Agreement (Morningstar, Inc.)
Guaranty Matters. Each of the Lenders (including each Lender in its capacity or any of its Affiliate’s capacities as a potential Hedge Bank or Cash Management Bank) irrevocably authorize the Administrative Agent, at its option and in its discretion, discretion to release any Subsidiary Guarantor from its obligations under Section 11 hereof any Loan Documents if such Person ceases to be required to be a Guarantor pursuant to Subsidiary as a result of a transaction permitted under the terms hereofLoan 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 Section 11 hereof the Guaranty Agreement pursuant to this Section 9.1010.9. In each case as specified in this Section 9.1010.9, the Administrative Agent will, at the Borrower’s expense, execute and deliver to the applicable Loan Credit Party such documents as Borrower such Credit Party may reasonably request to evidence the release of such Guarantor from its obligations hereunderunder the Guaranty Agreement, in each case in accordance with the terms of the Loan Documents and this Section 9.1010.9.
Appears in 1 contract
Samples: Credit Agreement (SolarWinds, Inc.)
Guaranty Matters. Each of the Lenders (including each Lender in its capacity as a potential Hedge Bank) irrevocably authorize authorizes the Administrative Agent, at its option and in its discretion, to the Administrative Agent agrees that it will release any Guarantor from its obligations under Section 11 hereof the Guarantee Agreement if such Person ceases to be required to be a Guarantor pursuant to the terms hereofSubsidiary as a result of a transaction or designation 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 Section 11 hereof the Guarantee Agreement pursuant to this Section 9.109.11. In each case as specified in this Section 9.109.11, the Administrative Agent willwill (and each Lender irrevocably authorizes the Administrative Agent to), at the Borrower’s Borrowers’ expense, execute and deliver to the applicable Loan Party such documents as Borrower any Loan Party may reasonably request to evidence the release of such Guarantor from its obligations hereunderunder the Guarantee Agreement, in each case in accordance with the terms of the Loan Documents and this Section 9.109.11.
Appears in 1 contract