Common use of Release of Subsidiaries Clause in Contracts

Release of Subsidiaries. (a) If (i) the Administrative Agent receives a certificate from the chief executive officer, the chief financial officer or treasurer of Alamosa Delaware 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 of Alamosa Delaware 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, then such Subsidiary's Guarantee shall automatically terminate and such Subsidiary shall cease to be a party to any Loan Document. (b) No such termination or cessation shall release, reduce, or otherwise adversely affect the obligations of any other Loan Party under this Agreement, any other Guarantee, or any other Loan Document, all of which obligations continue to remain in full force and effect. (c) The Lenders shall, at Alamosa Delaware's expense, execute such documents as Alamosa Delaware may reasonably request to evidence such termination or cessation, as the case may be.

Release of Subsidiaries. (a) If (i) the Administrative Agent receives a ------------------------ certificate from the chief executive officer, the chief financial officer or treasurer of Alamosa Delaware the 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 of Alamosa Delaware the 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, Document then such Subsidiary's Guarantee shall automatically terminate and such Subsidiary shall cease to be a party to any Loan Document. (b) No such termination or cessation shall release, reduce, or otherwise adversely affect the obligations of any other Loan Party under this Agreement, any other Guarantee, or any other Loan Document, all of which obligations continue to remain in full force and effect. (c) The Lenders Agent shall, at Alamosa Delawarethe Borrower's expense, execute such documents as Alamosa Delaware the Company may reasonably request to evidence such termination or cessation, as the case may be.