Common use of Removal of Designated Subsidiary Borrowers Clause in Contracts

Removal of Designated Subsidiary Borrowers. The Parent Borrower may from time to time after the Restatement Effective Date, by written notice to the Administrative Agent (which notice the Administrative Agent shall promptly forward to each Lender), remove one or more Designated Subsidiary Borrowers, provided that on the date of removal (i) no Letters of Credit shall be outstanding for the account of such Designated Subsidiary Borrower; (ii) no Loans shall be outstanding for the account of such Designated Subsidiary Borrower; (iii) all fees, interest or other amounts payable under this Agreement or the other Credit Documents by such Designated Subsidiary Borrower shall have been paid in full and (iv) no other Obligations of such Designated Subsidiary Borrower shall remain outstanding. ARTICLE IIIA

Removal of Designated Subsidiary Borrowers. The Parent Borrower Company may from time to time after the Restatement Effective Date, by written notice to the Administrative Agent (which notice the Administrative Agent shall promptly forward to each LenderBank), remove one or more Designated Subsidiary Borrowers, provided that on the date of removal (i) no Letters of Credit shall be outstanding for the account of such Designated Subsidiary Borrower; (ii) no Loans shall be outstanding for the account of such Designated Subsidiary Borrower; (iii) all fees, interest or other amounts payable under this Agreement or the other Credit Documents by such Designated Subsidiary Borrower shall have been paid in full and (iv) no other Obligations of such Designated Subsidiary Borrower shall remain outstanding. ARTICLE IIIA.

Removal of Designated Subsidiary Borrowers. The Parent Borrower may from time to time after the Restatement Effective Date, by written notice to the Administrative Agent (which notice the Administrative Agent shall promptly forward to each Lender), remove one or more Designated Subsidiary Borrowers, provided that on the date of removal (i) no Letters of Credit shall be outstanding for the account of such Designated Subsidiary Borrower; (ii) no Loans shall be outstanding for the account of such Designated Subsidiary Borrower; (iii) all fees, interest or other amounts payable under this Agreement or the other Credit Documents by such Designated Subsidiary Borrower shall have been paid in full and (iv) no other Obligations of such Designated Subsidiary Borrower shall remain outstanding. ARTICLE IIIA.