Common use of Release of Subsidiary Guarantee Clause in Contracts

Release of Subsidiary Guarantee. Upon the sale or other disposition of all of the Capital Stock of a Subsidiary Guarantor to any Person (other than to an Affiliate of Company, unless such sale or other disposition is permitted under subclause 9.7(i)) permitted by this Agreement, or termination of the existence of a Subsidiary Guarantor in a transaction permitted by subclause 9.7(i), or to which Requisite Lenders have otherwise consented, for which a Loan Party desires to obtain a release of the Subsidiary Guarantor from the Subsidiary Guarantee, such Loan Party shall deliver an Officer’s Certificate:

Release of Subsidiary Guarantee. Upon the sale or other disposition of all of the Capital Stock of a Subsidiary Guarantor to any Person (other than to an Affiliate of CompanyBorrower, unless such sale or other disposition is permitted under subclause 9.7(iSection 9.3(g)(i)) permitted by this Agreement, or termination of the existence of a Subsidiary Guarantor in a transaction permitted by subclause 9.7(iSection 9.3(g)(i), or to which Requisite Majority Lenders have otherwise consented, for which the Borrower or a Loan Party Subsidiary desires to obtain a release of the Subsidiary Guarantor from the Subsidiary Guarantee, the applicable such Loan Party party shall deliver an Officer’s Certificate:

Release of Subsidiary Guarantee. Upon the sale or other disposition of all of the Capital Stock of a Subsidiary Guarantor to any Person (other than to an Affiliate of Company, unless such sale or other disposition is permitted under subclause 9.7(i)) permitted by this Agreement, or termination of 146 the existence of a Subsidiary Guarantor in a transaction permitted by subclause 9.7(i), or to which Requisite Lenders have otherwise consented, for which a Loan Party desires to obtain a release of the Subsidiary Guarantor from the Subsidiary Guarantee, such Loan Party shall deliver an Officer’s 's Certificate: