Common use of Instruments of Release Clause in Contracts

Instruments of Release. Unless an Event of Default has occurred and is continuing, the Administrative Agent shall, at the request and expense of the Borrower and without the need for any consent or approval by the Lenders, execute and deliver an instrument of release to evidence any release of a Guaranty described in this Section 5.10 in a form reasonably acceptable to the Borrower and the Administrative Agent.

Appears in 6 contracts

Samples: Term Loan Agreement (Brixmor Operating Partnership LP), Revolving Credit Agreement (Brixmor Operating Partnership LP), Term Loan Agreement (Brixmor Operating Partnership LP)

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Instruments of Release. Unless an Event of Default has occurred and is continuing, the The Administrative Agent shall, at the request and expense of the Borrower and without the need for any consent or approval by the Lenders, promptly execute and deliver an instrument of release to evidence any release of a Guaranty described in this Section 5.10 5.09 in a form reasonably acceptable to the Borrower and the Administrative Agent.

Appears in 4 contracts

Samples: Revolving Credit and Term Loan Agreement (Invitation Homes Inc.), Revolving Credit and Term Loan Agreement (Invitation Homes Inc.), Term Loan Agreement (Invitation Homes Inc.)

Instruments of Release. Unless an Event of Default has occurred and is continuing, the The Administrative Agent shall, at the request and expense of the Borrower and without the need for any consent or approval by the Lenders, execute and deliver an instrument of release to evidence any release of a Guaranty described in this Section 5.10 in a form reasonably acceptable to the Borrower and the Administrative Agent.

Appears in 2 contracts

Samples: Term Loan Agreement (Brixmor Property Group Inc.), Revolving Credit and Term Loan Agreement (Brixmor Property Group Inc.)

Instruments of Release. Unless an Event of Default has occurred and is continuing, the The Administrative Agent shall, at the request and expense of the Borrower and without the need for any consent or approval by the Lenders, execute and deliver an instrument of release to evidence any release of a Guaranty described in this Section 5.10 5.13 in a form reasonably acceptable to the Borrower and the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Colony Starwood Homes)

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Instruments of Release. Unless an Event of Default has occurred and is continuing, the The Administrative Agent shall, at the request and expense of the Borrower and without the need for any consent or approval by the Lenders, execute and deliver an instrument of release to evidence any release of a Guaranty described in this Section 5.10 5.09 in a form reasonably acceptable to the Borrower and the Administrative Agent.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Invitation Homes Inc.)

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