Releases of Guarantees and Liens. (a) Notwithstanding anything to the contrary contained herein or in any other Loan Document, the Collateral Agent is hereby irrevocably authorized by each Lender (without requirement of notice to or consent of any Lender except as expressly required by Section 9.08) to take any action requested by the Borrower having the effect of releasing any Collateral or guarantee obligations (i) to the extent necessary to permit consummation of any disposition expressly permitted by Section 6.08 or that has been consented to in accordance with Section 9.08 or (ii) under the circumstances described in paragraph (b) below.
Appears in 2 contracts
Samples: Pledge Agreement (Metris Companies Inc), Senior Secured Credit Agreement (Metris Companies Inc)
Releases of Guarantees and Liens. (a) Notwithstanding anything to the contrary contained herein or in any other Loan Document, the Collateral Agent is hereby irrevocably authorized by each Lender (without requirement of notice to or consent of any Lender except as expressly required by Section 9.0811.1) to take any action requested by the Borrower having the effect of releasing any Collateral or guarantee obligations any Guarantor (i) to permit the extent necessary to permit consummation of any disposition expressly permitted transaction involving such Collateral or Guarantor not prohibited by Section 6.08 any Loan Document or that has been consented to in accordance with Section 9.08 11.1 or (ii) under the circumstances described in paragraph (b) below.
Appears in 2 contracts
Samples: Credit Agreement (Davita Inc), Credit Agreement (Davita Inc)
Releases of Guarantees and Liens. (a) Notwithstanding anything to the contrary contained herein or in any other Loan Document, the Collateral Agent is hereby irrevocably authorized by each Lender (without requirement of notice to or consent of any Lender except as expressly required by Section 9.089.1) to take any action requested by the Borrower Company having the effect of releasing any Collateral or guarantee obligations (i) to the extent necessary to permit consummation of any disposition expressly permitted transaction not prohibited by Section 6.08 any Loan Document or that has been consented to in accordance with Section 9.08 9.1 or (ii) under the circumstances described in paragraph (b) below.
Appears in 2 contracts
Samples: Guarantee and Collateral Agreement (Aspen Insurance Holdings LTD), Guarantee and Collateral Agreement (Aspen Insurance Holdings LTD)
Releases of Guarantees and Liens. (a) Notwithstanding anything to the contrary contained herein or in any other Loan Document, the Collateral Agent is hereby irrevocably authorized by each Lender (without requirement of notice to or consent of any Lender except as expressly required by Section 9.0810.1) to take any action requested by the Borrower having the effect of releasing any Collateral or guarantee obligations (i) to the extent necessary to permit consummation of any disposition expressly permitted transaction not prohibited by Section 6.08 any Loan Document or that has been consented to in accordance with Section 9.08 10.1 or (ii) under the circumstances described in paragraph (b) below.
Appears in 1 contract
Releases of Guarantees and Liens. (a) Notwithstanding anything to the contrary contained herein or in any other Loan Document, the Collateral Agent is hereby irrevocably authorized by each Lender (without requirement of notice to or consent of any Lender except as expressly required by Section 9.0811.1) to take any action requested by the Borrower having the effect of releasing any Collateral or guarantee obligations Guarantee Obligations (i) to the extent necessary to permit consummation of any disposition expressly permitted transaction not prohibited by Section 6.08 any Loan Document or that has been consented to in accordance with Section 9.08 11.1 or (ii) under the circumstances described in paragraph (b) below.
Appears in 1 contract
Releases of Guarantees and Liens. (a) Notwithstanding anything to the contrary contained herein or in any other Loan Document, the Collateral Agent is hereby irrevocably authorized by each Lender (without requirement of notice to or consent of any Lender except as expressly required by Section 9.0810.1) to take any action requested by the Borrower having the effect of releasing any Collateral or guarantee obligations Guarantee Obligations (i) to the extent necessary to permit consummation of any disposition expressly permitted transaction not prohibited by Section 6.08 any Loan Document or that has been consented to in accordance with Section 9.08 10.1 or (ii) under the circumstances described in paragraph (b) below.
Appears in 1 contract
Releases of Guarantees and Liens. (a) Notwithstanding anything to the contrary contained herein or in any other Loan Document, the Administrative Agent and the Collateral Agent is hereby irrevocably authorized by each Lender (without requirement of notice to or consent of any Lender except as expressly required by Section 9.0811.1) to take take, and the Administrative Agent and the Collateral Agent shall take, any action requested by the Borrower a Group Member having the effect of releasing any Collateral or guarantee obligations (i) to the extent necessary to permit consummation of any disposition expressly permitted transaction not prohibited by Section 6.08 any Loan Document or that has been consented to in accordance with Section 9.08 11.1 or Section 6.9, or (ii) under the circumstances described in paragraph (b) below.
Appears in 1 contract
Samples: Credit Agreement (American Real Estate Partners L P)
Releases of Guarantees and Liens. (a) Notwithstanding anything to the contrary contained herein or in any other Loan Document, the Collateral Agent is hereby irrevocably authorized by each Lender (without requirement of notice to or consent of any Lender except as expressly required by Section 9.0810.1) to take any action requested by the Borrower having the effect of releasing any Collateral or guarantee obligations of any Subsidiary Guarantor or other Person (i) to the extent necessary to permit consummation of any disposition expressly permitted transaction not prohibited by Section 6.08 any Loan Document or that has been consented to in accordance with Section 9.08 10.1 or (ii) under the circumstances described in paragraph (b) below.
Appears in 1 contract
Releases of Guarantees and Liens. (a) Notwithstanding -------------------------------- anything to the contrary contained herein or in any other Loan Document, the Collateral Agent is hereby irrevocably authorized by each Lender (without requirement of notice to or consent of any Lender except as expressly required by Section 9.0811.1) to take ------------ any action requested by the Borrower having the effect of releasing any Collateral or guarantee obligations (i) to the extent necessary to permit consummation of any disposition expressly permitted transaction not prohibited by Section 6.08 any Loan Document or that has been consented to in accordance with Section 9.08 11.1 or (ii) under the ------------ circumstances described in paragraph (b) below.. ------------
Appears in 1 contract
Samples: Execution Copy Credit Agreement (Edison Mission Energy)