Common use of Removal of Guarantor Clause in Contracts

Removal of Guarantor. (a) At any time following the date (if any) on which a member of the Group has acceded to this Agreement as an Additional Guarantor, in the event that the Company delivers to the Agent a certificate (a “Guarantor Removal Certificate”) signed by two authorised signatories of the Company confirming that (as at the date of the Guarantor Removal Certificate) a substantial part of the Net Borrowings of the Group:

Appears in 2 contracts

Samples: Facilities Agreement (Cemex Sa De Cv), Facilities Agreement (Cemex Sab De Cv)

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Removal of Guarantor. (ab) At any time following the date (if any) on which a member of the Group has acceded to this Agreement as an Additional Guarantor, in In the event that the Company delivers to the Agent a certificate (a “" Guarantor Removal Certificate") signed by two authorised signatories of the Company confirming that (as at the date of the Guarantor Removal Certificate) a substantial part of the Net Borrowings of the Group:

Appears in 1 contract

Samples: Term and Revolving Facilities Agreement (Cemex Sa De Cv)

Removal of Guarantor. (a) At any time following the date (if any) on which a member of the Group has acceded to this Agreement as an Additional Guarantor, in In the event that the Company Borrower delivers to the Agent a certificate (a “Guarantor Removal Certificate”) signed by two authorised signatories of the Company Borrower confirming that (as at the date of the Guarantor Removal Certificate) a substantial part of the Net Borrowings of the Group:

Appears in 1 contract

Samples: Facilities Agreement (Cemex Sab De Cv)

Removal of Guarantor. (a) At any time following the date (if any) on which a member of the Group has acceded to this Agreement as an Additional Guarantor, in In the event that the Company delivers to the Agent a certificate (a “Guarantor Removal Certificate”) signed by two authorised signatories of the Company confirming that (as at the date of the Guarantor Removal Certificate) a substantial part of the Net Borrowings of the Group:

Appears in 1 contract

Samples: Facilities Agreement (Cemex Sab De Cv)

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Removal of Guarantor. (a) At any time following the date (if any) on which a member of the Group has acceded to this Agreement as an Additional Guarantor, in the event that the Company delivers to the Agent a certificate (a "Guarantor Removal Certificate") signed by two authorised signatories of the Company confirming that (as at the date of the Guarantor Removal Certificate) a substantial part of the Net Borrowings of the Group:

Appears in 1 contract

Samples: Facilities Agreement (Cemex Sa De Cv)

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