Common use of Releases of Guarantees and Liens Clause in Contracts

Releases of Guarantees and Liens. (a) Notwithstanding anything to the contrary contained herein or in any other Loan Document, the Administrative Agent is hereby irrevocably authorized by each Lender (without requirement of notice to or consent of any Lender except as expressly required by Section 12.1) to take any action requested by the Borrower having the effect of releasing, or subordinating any Lien on, any Collateral or guarantee obligations (i) to the extent necessary to permit consummation of any transaction not prohibited by any Loan Document or that has been consented to in accordance with Section 12.1 or (ii) under the circumstances described in paragraph (b) below. (b) At such time as the Loans and the other obligations under the Loan Documents shall have been paid in full, the Collateral shall be released from the Liens created by the Final Order, and all obligations related thereto (other than those expressly stated to survive such termination) of the Administrative Agent and each Loan Party shall terminate, all without delivery of any instrument or performance of any act by any Person.

Releases of Guarantees and Liens. (a) Notwithstanding anything to the contrary contained herein or in any other Loan Document, the Administrative Agent is hereby irrevocably authorized by each Lender (without requirement of notice to or consent of any Lender except as expressly required by Section 12.114.5) to take any action requested by the Borrower Borrowers having the effect of releasing, or subordinating any Lien on, releasing any Collateral or guarantee obligations Obligations (i) to the extent necessary to permit consummation of any transaction not prohibited by any Loan Document or that has been consented to in accordance with Section 12.1 14.5 or (ii) under the circumstances described in paragraph clause (b) below. (b) At such time as Upon the Loans and the other obligations under the Loan Documents shall have been paid in fullDischarge of Obligations, the Collateral shall be released from the Liens created by hereunder and the Final Order, other Loan Documents and all obligations related thereto (other than those expressly stated to survive such termination) of the Administrative Agent and each Loan Party shall terminate, all without delivery of any instrument or performance of any act by any Person.

Releases of Guarantees and Liens. (a) Notwithstanding anything to the contrary contained herein or in any other Loan Document, the Administrative Agent is hereby irrevocably authorized by each Lender (without requirement of notice to or consent of any Lender except as expressly required by Section 12.113.5) to take any action requested by the Borrower having the effect of releasing, or subordinating any Lien on, releasing any Collateral or guarantee obligations Obligations (i1) to the extent necessary to permit consummation of any transaction not prohibited by any Loan Document or that has been consented to in accordance with Section 12.1 13.5 or (ii2) under the circumstances described in paragraph clause (b) below. (b) At such time as Upon the Loans and the other obligations under the Loan Documents shall have been paid in fullDischarge of Obligations, the Collateral shall be released from the Liens created by hereunder and the Final Order, other Loan Documents and all obligations related thereto (other than those expressly stated to survive such termination) of the Administrative Agent and each Loan Party shall terminate, all without delivery of any instrument or performance of any act by any Person.

Releases of Guarantees and Liens. (a) Notwithstanding anything to the contrary contained herein or in any other Loan Document, the Administrative Agent is hereby irrevocably authorized by each Lender Bank (without requirement of notice to or consent of any Lender Bank except as expressly required by Section 12.19.5) to take any action requested by the Borrower or any Guarantor having the effect of releasing, or subordinating any Lien on, releasing any Collateral or any Guarantor from its guarantee obligations (i) to the extent necessary to permit consummation of any transaction not prohibited permitted by any Loan Document or that has been consented to in accordance with Section 12.1 9.5 or (ii) under the circumstances described in paragraph (b) below. (b) At such time as the Loans and the other obligations Obligations under the Loan Documents shall have been paid in full, the Collateral shall be released from the Liens created by the Final OrderCollateral Documents, and the Collateral Documents and all obligations related thereto (other than those expressly stated to survive such termination) of the Administrative Agent and each Loan Party under the Collateral Documents shall terminate, all without delivery of any instrument or performance of any act by any Person.

Releases of Guarantees and Liens. (a) Notwithstanding anything to the contrary contained herein or in any other Loan Document, the Administrative Agent is hereby irrevocably authorized by each Lender (without requirement of notice to or consent of any Lender except as expressly required by Section 12.110.1) to take any action requested by the Borrower having the effect of releasing, or subordinating any Lien on, releasing any Collateral or guarantee obligations (i) to the extent necessary to permit consummation of any transaction not prohibited by any Loan Document or that has been consented to in accordance with Section 12.1 10.1 or (ii) under the circumstances described in paragraph (b) below. (b) At such time as the Loans and the other obligations under the Loan Documents shall have been paid in full, and the Commitments have been terminated, the Collateral shall be released from the Liens created by the Final OrderSecurity Documents, and the Security Documents and all obligations related thereto (other than those expressly stated to survive such termination) of the Administrative Agent and each Loan Party under the Security Documents shall terminate, all without delivery of any instrument or performance of any act by any Person.

Releases of Guarantees and Liens. (a) Notwithstanding anything to the contrary contained herein or in any other Loan Document, the Administrative Agent is hereby irrevocably authorized by each Lender (without requirement of notice to or consent of any Lender except as expressly required by Section 12.19.1) to take any action requested by the Borrower having the effect of releasing, or subordinating releasing any Lien on, any Collateral or guarantee obligations (i) to the extent necessary to permit consummation of any transaction not prohibited by any Loan Document or that has been consented to in accordance with Section 12.1 9.1 or (ii) under the circumstances described in paragraph (b) below. (b) At such time as the Revolving Loans and the other obligations under the Loan Documents (other than obligations under or in respect of Swap Agreements) shall have been paid in fullfull and the Revolving Commitments have been terminated, the Collateral shall be released from the Liens created by the Final Order, Guarantee Agreement and all obligations related thereto (other than those expressly stated to survive such termination) of the Administrative Agent and each Loan Party under the Guarantee Agreement shall terminate, all without delivery of any instrument or performance of any act by any Person.

Releases of Guarantees and Liens. (a) Notwithstanding anything to the contrary contained herein or in any other Loan Document, the Administrative Agent is hereby irrevocably authorized by each Lender (without requirement of notice to or consent of any Lender except as expressly required by Section 12.19.1) to take any action requested by the Novellus or a Borrower having the effect of releasing, or subordinating any Lien on, releasing any Collateral or guarantee obligations (i) to the extent (A) required by the terms of the Guarantee and Collateral Agreement or (B) necessary to permit consummation of any transaction not prohibited by any Loan Document or that has been consented to in accordance with Section 12.1 9.1 or (ii) under the circumstances described in paragraph (b) below. (b) At such time as the Revolving Loans and the other obligations under the Loan Documents shall have been paid in fullfull and the Revolving Commitments have been terminated, the Collateral shall be released from the Liens created by the Final OrderGuarantee and Collateral Agreement, and the Guarantee and Collateral Agreement and all obligations related thereto (other than those expressly stated to survive such termination) of the Administrative Agent and each Loan Party under the Guarantee and Collateral Agreement shall terminate, all without delivery of any instrument or performance of any act by any Person.

Releases of Guarantees and Liens. (a) Notwithstanding anything to the contrary contained herein or in any other Loan Document, the Administrative Agent is hereby irrevocably authorized by each Lender (without requirement of notice to or consent of any Lender except as expressly required by Section 12.19.01) to take any action requested by the Borrower having the effect of releasing, or subordinating any Lien on, releasing any Collateral or guarantee obligations (i) to the extent necessary to permit consummation of any transaction not prohibited by any Loan Document or that has been consented to in accordance with Section 12.1 9.01 or (ii) under the circumstances described in paragraph (b) below. (b) At such time as the Loans and the other obligations under the Loan Documents shall have been paid in full, the Collateral shall be released from the Liens created by the Final OrderSecurity Documents for the benefit of the Administrative Agent and the Lenders, and all obligations related thereto (other than those expressly stated to survive such termination) of the Administrative Agent and each Loan Party under the Security Documents shall terminate, all without delivery of any instrument or performance of any act by any Person.

Releases of Guarantees and Liens. (a) Notwithstanding anything to the contrary contained herein or in any other Loan Document, the Administrative Agent is hereby irrevocably authorized by each Lender (without requirement of notice to or consent of any Lender except as expressly required by Section 12.110.01) to take any action requested by the Borrower Company having the effect of releasing, or subordinating any Lien on, releasing any Collateral or guarantee obligations (i) to the extent necessary to permit consummation of any transaction not prohibited by any Loan Document or that has been consented to in accordance with Section 12.1 or (ii) under the circumstances described in paragraph (b) below.any (b) At such time as the Loans Loans, the Reimbursement Obligations and the other obligations under the Loan Documents shall have been paid in full, the Commitments have been terminated and no Letters of Credit or Bankers’ Acceptances shall be outstanding, the Collateral shall be released from the Liens created by the Final OrderSecurity Documents, and the Security Documents and all obligations related thereto (other than those expressly stated to survive such termination) of the Administrative Agent and each Loan Party under the Security Documents shall terminate, all without delivery of any instrument or performance of any act by any Person.

Releases of Guarantees and Liens. (a) Notwithstanding anything to the contrary contained herein or in any other Loan Document, the Administrative Agent is hereby irrevocably authorized by each Lender (without requirement of notice to or consent of any Lender except as expressly required by by Section 12.19.1) to take any action requested by the Borrower having the effect of releasing, or subordinating any Lien on, releasing any Collateral or guarantee obligations (i) to the extent necessary to permit consummation of any transaction not prohibited by any Loan Document or that has been consented to in accordance with Section 12.1 9.1 or (ii) under the circumstances described in paragraph (b) below. (b) At such time as the Loans and the other obligations under the Loan Documents shall have been paid in full, the Collateral shall be released from the Liens created by the Final OrderSecurity Documents, and the Security Documents and all obligations related thereto (other than those expressly stated to survive such termination) of the Administrative Agent and each Loan Party under the Security Documents shall terminate, all without delivery of any instrument or performance of any act by any Person.