Common use of Release of Subsidiaries Clause in Contracts

Release of Subsidiaries. (a) If (i) the Agent receives a certificate from an Executive Officer of the Parent certifying as of the date of that certificate that, after the consummation of the transaction or series of transactions described in reasonable detail satisfactory to the Agent in such certificate on such date, the Subsidiary Loan Party identified in such certificate will no longer be a subsidiary of the Parent and (ii) such transactions are consummated on such date in accordance with and without violating the provisions of this Agreement or any other Loan Document, the such Subsidiary's guarantee under the Guarantee Agreement shall automatically terminate and such Subsidiary shall cease to be a party to any Loan Document.

Release of Subsidiaries. (a) If (i) the Agent receives a certificate from an Executive Officer the chief executive officer, the chief financial officer or treasurer of the Parent Borrower certifying as of the date of that certificate that, after the consummation of the transaction or series of transactions described in reasonable detail satisfactory to the Administrative Agent in such certificate on such date, the Subsidiary Loan Party identified in such certificate will no longer be a subsidiary Subsidiary of the Parent Borrower and (ii) such transactions are consummated on such date in 65 accordance with and without violating the provisions of this Agreement or any other Loan Document, the then, upon consummation of such transaction, such Subsidiary's guarantee under the ’s Guarantee Agreement shall automatically terminate and such Subsidiary shall cease to be a party to any Loan Document.

Release of Subsidiaries. (a) If (i) the Agent receives a ------------------------ certificate from an Executive Officer the chief executive officer, the chief financial officer or treasurer of the Parent Borrower certifying as of the date of that certificate that, after the consummation of the transaction or series of transactions described in reasonable detail satisfactory to the Administrative Agent in such certificate on such date, the Subsidiary Loan Party identified in such certificate will no longer be a subsidiary Subsidiary of the Parent Company and (ii) such transactions are consummated on such date in accordance with and without violating the provisions of this Agreement or any other Loan Document, the Document then such Subsidiary's guarantee under the Guarantee Agreement shall automatically terminate and such Subsidiary shall cease to be a party to any Loan Document.

Release of Subsidiaries. (a) If (i) the Agent receives a certificate from an Executive Officer the chief executive officer, the chief financial officer or treasurer of the Parent Borrower certifying as of the date of that certificate that, after the consummation of the transaction or series of transactions described in reasonable detail satisfactory to the Administrative Agent in such certificate on such date, the Subsidiary Loan Party identified in such certificate will no longer be a subsidiary Subsidiary of the Parent Company and (ii) such transactions are consummated on such date in accordance with and without violating the provisions of this Agreement or any other Loan Document, the Document then such Subsidiary's guarantee under the Guarantee Agreement shall automatically terminate and such Subsidiary shall cease to be a party to any Loan Document.