Release of Lender Guaranties. The Borrower shall use reasonable efforts to obtain the Lender’s full and unconditional release from the Lender Guaranties as soon as reasonably possible, but in any event prior to the Revolving Loan Maturity Date. In the event that one or more of the Lender Guaranties is outstanding on the Revolving Loan Maturity Date, if all of the other Obligations hereunder and under each of the other Loan Documents have been fully and indefeasibly satisfied, and no Event of Default then exists, neither this Agreement nor the other Loan Documents shall govern or apply to Lender Guaranty Reimbursement Obligations of the Borrower with respect to Lender Guaranty Disbursements advanced after the Revolving Loan Maturity Date, provided that the Borrower shall have entered into a reimbursement agreement and provided collateral to the Lender to secure its reimbursement obligations under the Lender Guaranties in form and amount reasonably satisfactory to the Lender.
Appears in 4 contracts
Samples: Senior Secured Credit Agreement (Titan Corp), Senior Secured Credit Agreement (Surebeam Corp), Senior Secured Credit Agreement (Surebeam Corp)
