Common use of Release of Collateral and Guarantees, Termination of Loan Documents Clause in Contracts

Release of Collateral and Guarantees, Termination of Loan Documents. (i) Notwithstanding anything to the contrary contained herein or in any other Loan Document, the Administrative Agent shall (without notice to, or vote or consent of, any Lender, or any affiliate of any Lender that is a party to any Swap Agreement) take such actions as shall be required to release its security interest in any Collateral subject to any disposition permitted by the Loan Documents, and to release any guarantee obligations under any Loan Document of any person subject to such disposition, to the extent necessary to permit consummation of such disposition in accordance with the Loan Documents.

Appears in 3 contracts

Samples: Credit Agreement (Amplify Snack Brands, INC), Collateral Agreement (TA Holdings 1, Inc.), Credit Agreement (TA Holdings 1, Inc.)

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Release of Collateral and Guarantees, Termination of Loan Documents. (i) Notwithstanding anything to the contrary contained herein or in any other Loan Document, the Administrative Agent shall (without notice to, or vote or consent of, any Lender, or any affiliate of any Lender that is a party to any Swap Hedge Agreement) ), upon the reasonable request of Borrower and at Borrower’s sole expense, take such actions as shall be required to release its security interest in any Collateral subject to any disposition (to a person other than a Loan Party) permitted by the Loan Documents, and to release any guarantee obligations under any Loan Document of any person subject to such disposition, to the extent necessary to permit consummation of such disposition in accordance with the Loan Documents.

Appears in 2 contracts

Samples: Credit Agreement (EngageSmart, LLC), Credit Agreement (EngageSmart, LLC)

Release of Collateral and Guarantees, Termination of Loan Documents. (i) Notwithstanding anything to the contrary contained herein or in any other Loan Document, the Administrative Agent shall (without notice to, or vote or consent of, any Lender, or any affiliate Affiliate of any Lender that is a party to any Swap AgreementHedging Agreement or a holder of Treasury Management Obligations) take such actions as shall be required to release its security interest in any Collateral subject to any disposition permitted by the Loan Documents, and to release any guarantee obligations under any Loan Document of any person Person subject to such disposition, to the extent necessary to permit consummation of such disposition in accordance with the Loan Documents.

Appears in 2 contracts

Samples: Credit Agreement (Merge Healthcare Inc), Credit Agreement (Merge Healthcare Inc)

Release of Collateral and Guarantees, Termination of Loan Documents. (i) Notwithstanding anything to the contrary contained herein or in any other Loan Document, the Administrative Agent shall (without notice to, or vote or consent of, any Lender, or any affiliate Affiliate of any Lender that is a party to any Swap AgreementHedging Agreement or a holder of Treasury Management Obligations) take such actions as shall be required to release its security interest in any Collateral subject to any disposition permitted by the Loan Documents, and to release any guarantee obligations under any Loan Document of any person Person subject to such disposition, to the extent necessary to permit consummation of such disposition in accordance with the Loan Documents.. 109

Appears in 1 contract

Samples: Credit Agreement (Merge Healthcare Inc)

Release of Collateral and Guarantees, Termination of Loan Documents. (i) Notwithstanding anything to the contrary contained herein or in any other Loan Document, the Administrative Agent (at the direction of the Required Lenders) shall (without notice to, or vote or consent of, any Lender, or any affiliate of any Lender that is a party to any Swap Agreement) take such actions as shall be required to release its security interest in any Collateral subject to any disposition Disposition permitted by the Loan Documents, and to release any guarantee obligations under any Loan Document of any person subject to such disposition, to the extent necessary to permit consummation of such disposition in accordance with the Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (Internap Corp)

Release of Collateral and Guarantees, Termination of Loan Documents. (i) Notwithstanding anything to the contrary contained herein or in any other Loan Document, the Administrative Agent shall (without notice to, or vote or consent of, any Lender, or any affiliate of any Lender that is a party to any Swap Hedging Agreement) take such actions as shall be required to release its security interest in any Collateral subject to any disposition Disposition permitted by the Loan Documents, and to release any guarantee obligations under any Loan Document of any person subject to such dispositionDisposition, to the extent necessary to permit consummation of such disposition Disposition in accordance with the Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (Five Below, Inc)

Release of Collateral and Guarantees, Termination of Loan Documents. (i) Notwithstanding anything to the contrary contained herein or in any other Loan Document, the Administrative Agent shall (without notice to, or vote or consent of, any Lender, Lender or any affiliate of any Lender that is in its capacity as a party to any Swap Agreement) take such actions as shall be required to release its security interest in any Collateral subject to any disposition permitted by the Loan DocumentsDocuments to any Person that is not, and that is not required to be, a Loan Party, and to release any guarantee obligations under any Loan Document of any person Person subject to such disposition, to the extent necessary to permit consummation of such disposition in accordance with the Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (Teladoc, Inc.)

Release of Collateral and Guarantees, Termination of Loan Documents. (i) Notwithstanding anything to the contrary contained herein or in any other Loan Document, the Administrative Agent shall (without notice to, or vote or consent of, any Lender, Lender or any affiliate of any Lender that is in its capacity as a party to any Swap Agreement) take such actions as shall be required to release its security interest in any Collateral subject to any disposition permitted by the Loan Documents, and to release any guarantee obligations under any Loan Document of any person 119 subject to such disposition, to the extent necessary to permit consummation of such disposition in accordance with the Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (Amag Pharmaceuticals Inc.)

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Release of Collateral and Guarantees, Termination of Loan Documents. (i) Notwithstanding anything to the contrary contained herein or in any other Loan Document, the Administrative Agent shall (without notice to, or vote or consent of, any Lender, Lender or any affiliate of any Lender that is in its capacity as a party to any Swap Agreement) take such actions as shall be required to release its security interest in any Collateral subject to any disposition permitted by the Loan Documents, and to release any guarantee obligations under any Loan Document of any person Person subject to such disposition, to the extent necessary to permit consummation of such disposition in accordance with the Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (Sucampo Pharmaceuticals, Inc.)

Release of Collateral and Guarantees, Termination of Loan Documents. (i) Notwithstanding anything to the contrary contained herein or in any other Loan Document, the Administrative Agent shall (without notice to, or vote or consent of, any Lender, Lender or any affiliate of any Lender that is in its capacity as a party to any Swap Agreement) take such actions as shall be required to release its security interest in any Collateral subject to any disposition permitted by the Loan Documents, and to release any guarantee obligations under any Loan Document of any person subject to such disposition, to the extent necessary to permit consummation of such disposition in accordance with the Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (Amag Pharmaceuticals Inc.)

Release of Collateral and Guarantees, Termination of Loan Documents. (i1) Notwithstanding anything to the contrary contained herein or in any other Loan Document, the Administrative Agent shall (without notice to, or vote or consent of, any Lender, or any affiliate of any Lender that is a party to any Swap Hedging Agreement) take such actions as shall be required to release its security interest in any Collateral subject to any disposition permitted by the Loan Documents, and to release any guarantee obligations under any Loan Document of any person subject to such disposition, to the extent necessary to permit consummation of such disposition in accordance with the Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (HC2 Holdings, Inc.)

Release of Collateral and Guarantees, Termination of Loan Documents. (i) Notwithstanding anything to the contrary contained herein or in any other Loan Document, the Administrative Agent shall (without notice to, or vote or consent of, any Lender, or any affiliate of any Lender that is a party to any Swap AgreementHedging Obligation) take such actions as shall be required to release its security interest in any Collateral subject to any disposition permitted by the Loan Documents, and to release any guarantee obligations under any Loan Document of any person subject to such disposition, to the extent necessary to permit consummation of such disposition in accordance with the Loan Documents.

Appears in 1 contract

Samples: Term Loan Agreement (Stanadyne Holdings, Inc.)

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