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 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 11.1) to take any action requested by the Borrower having the effect of releasing any Collateral or any Guarantor (i) to permit the consummation of any transaction involving such Collateral or Guarantor not prohibited by any Loan Document or that has been consented to in accordance with Section 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)

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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 11.19.1) to take any action requested by the Borrower Company having the effect of releasing any Collateral or any Guarantor guarantee obligations (i) to the extent necessary to permit the consummation of any transaction involving such Collateral or Guarantor not prohibited by any Loan Document or that has been consented to in accordance with Section 11.1 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 11.19.08) to take any action requested by the Borrower having the effect of releasing any Collateral or any Guarantor guarantee obligations (i) to the extent necessary to permit the consummation of any transaction involving such Collateral or Guarantor not prohibited disposition expressly permitted by any Loan Document Section 6.08 or that has been consented to in accordance with Section 11.1 9.08 or (ii) under the circumstances described in paragraph (b) below.

Appears in 2 contracts

Samples: Senior Secured Credit Agreement (Metris Companies Inc), Pledge 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 11.110.1) to take any action requested by the Borrower having the effect of releasing any Collateral or any Guarantor Guarantee Obligations (i) to the extent necessary to permit the consummation of any transaction involving such Collateral or Guarantor not prohibited by any Loan Document or that has been consented to in accordance with Section 11.1 10.1 or (ii) under the circumstances described in paragraph (b) below.

Appears in 1 contract

Samples: Credit Agreement (Muzak Holdings LLC)

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 11.1) to take any action requested by the Borrower having the effect of releasing any Collateral or any Guarantor Guarantee Obligations (i) to the extent necessary to permit the consummation of any transaction involving such Collateral or Guarantor not prohibited by any Loan Document or that has been consented to in accordance with Section 11.1 or (ii) under the circumstances described in paragraph (b) below.

Appears in 1 contract

Samples: Credit Agreement (Muzak Holdings LLC)

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 11.110.1) to take any action requested by the Borrower having the effect of releasing any Collateral or any Guarantor guarantee obligations (i) to the extent necessary to permit the consummation of any transaction involving such Collateral or Guarantor not prohibited by any Loan Document or that has been consented to in accordance with Section 11.1 10.1 or (ii) under the circumstances described in paragraph (b) below.

Appears in 1 contract

Samples: Credit Agreement (Kerr McGee Corp /De)

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 11.1) 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 any Guarantor guarantee obligations (i) to the extent necessary to permit the consummation of any transaction involving such Collateral or Guarantor not prohibited by any Loan Document or that has been consented to in accordance with Section 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)

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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 11.1) to take ------------ any action requested by the Borrower having the effect of releasing any Collateral or any Guarantor guarantee obligations (i) to the extent necessary to permit the consummation of any transaction involving such Collateral or Guarantor not prohibited by any Loan Document or that has been consented to in accordance with Section 11.1 or (ii) under the ------------ circumstances described in paragraph (b) below.. ------------

Appears in 1 contract

Samples: Execution Copy Credit Agreement (Edison Mission Energy)

Releases of Guarantees and Liens. (a) Notwithstanding anything to the contrary contained herein or in any other Loan Document, the Collateral Agent is Agents are hereby irrevocably authorized by each Lender (without requirement of notice to or consent of any Lender except as expressly required by Section 11.115.1) to take any action requested by the Borrower having the effect of releasing any Collateral or any Guarantor guaranty obligations (i) to the extent necessary to permit the consummation of any 150 transaction involving such Collateral or Guarantor not prohibited by any Loan Document or that has been consented to in accordance with Section 11.1 15.1 or (ii) under the circumstances described in paragraph paragraphs (b) and (c) below.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Leucadia National Corp)

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 11.110.1) 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 the consummation of any transaction involving such Collateral or Guarantor not prohibited by any Loan Document or that has been consented to in accordance with Section 11.1 10.1 or (ii) under the circumstances described in paragraph (b) below.

Appears in 1 contract

Samples: Credit Agreement (Time Warner Telecom Inc)

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