Removal of Guarantors Sample Clauses

Removal of Guarantors. (a) Any Guarantor (other than, Vodafone (subject to Clause 14.9(b) below) and, following the Reorganisation Date, NewTopco and any Intermediate Holding Company (subject to Clause 14.9(c) below) of Vodafone) which is not a Borrower, may, at the request of Vodafone and if no Default is continuing, cease to be a Guarantor by entering into a supplemental agreement to this Agreement at the cost of Vodafone in such form as the Agent may reasonably require which shall discharge that Guarantor’s obligations as a Guarantor under this Agreement.
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Removal of Guarantors. Any Guarantor (other than the Parent or any other Borrower) may, at the request of the Parent and if no Default or Mandatory Prepayment Event is continuing, cease to be a Guarantor by entering into a supplemental agreement to this Agreement at the cost of the Original Borrower in such form as the Agent may reasonably require which shall discharge that Guarantor's obligations as a Guarantor under this Agreement.
Sample 1See All (6)
Removal of Guarantors. The Company, the Trustee and the other Guarantors acknowledge that, effective as of July 31, 1997, Xxxxxxx III, Ltd. and X.X. Xxxxxx - Royalty, Ltd. are no longer parties to the Indenture and therefore are no longer Restricted Subsidiaries or Guarantors, by reason of the (i) liquidation of X.X. Xxxxxx - Royalty, Ltd. and distribution of its assets to other Restricted Subsidiaries and Guarantors and (ii) the merger of Xxxxxxx III, Ltd. into Xxxxxxx II, Ltd., which is a Restricted Subsidiary and Guarantor. SIGNATURES
Sample 1
Removal of Guarantors. Any Guarantor which is not a Borrower (other than Vodafone), may, at the request of the Borrowers' Agent and if no Default is continuing, cease to be a Guarantor by entering into a supplemental agreement to this Agreement at the cost of Vodafone in such form as the Agent may reasonably require which shall discharge that Guarantor's obligations as a Guarantor under this Agreement.
Sample 1
Removal of Guarantors. (i) If a Borrower provides evidence reasonably satisfactory to the Administrative Agent that one or more Subsidiary Guarantors no longer satisfies the definition of a “Material Subsidiary” or that such Subsidiary Guarantor is no longer required as a Subsidiary Guarantor in order to satisfy the requirements set forth in Section 8.14(b), then the Administrative Agent shall promptly release such Subsidiary from its Guaranty and any related Liens or security interests and such Subsidiary shall thereafter cease to be a Subsidiary Guarantor (whether as a “Material Subsidiary” or as a Subsidiary Guarantor pursuant to Section 8.14(b)) for purposes of this Agreement, and the Administrative Agent agrees to promptly return any stock certificates it possesses representing any Equity Interests previously pledged by such Subsidiary, and (ii) if a Borrower provides evidence reasonably satisfactory to the Administrative Agent that one or more Subsidiary Guarantors satisfies the definition of an “Excluded Subsidiary” and such Subsidiary Guarantor is no longer required as a Subsidiary Guarantor in order to satisfy the requirements set forth in Section 8.14(b), then the Administrative Agent shall promptly release such Subsidiary from its Guaranty and any related Liens or security interests and such Subsidiary shall thereafter be an Excluded Subsidiary for purposes of this Agreement, and the Administrative Agent agrees to promptly return any stock certificates it possesses representing the Equity Interests previously pledged by such Subsidiary or (y) issued by such Subsidiary and previously pledged by another Credit Party, in the case of this clause (y) to the extent such Equity Interests would not be required to be pledged pursuant to Section 8.14(c) in the event that such Subsidiary were a newly formed or acquired Subsidiary.
Sample 1
Removal of Guarantors. As soon as reasonably practicable following the Closing Date, Buyer shall take all necessary action to remove as guarantor under any and all indebtedness for borrowed money of the Company and its Subsidiaries listed on Schedule 5.7(e) in which there is a guarantor other than Buyer, the Company or any of the Company’s Subsidiaries (a “Non-Buyer Affiliated Guarantor”) each such Non-Buyer Affiliated Guarantor and replace each such Non-Buyer Affiliated Guarantor with Buyer, any of its Affiliates or any other Person designated by Buyer.
Sample 1

Related to Removal of Guarantors

  • Addition of Guarantors The initial Guarantors hereunder shall be each of the Subsidiaries of Parent that are signatories hereto and that are listed on Schedule 1 attached hereto. From time to time subsequent to the time hereof, additional Subsidiaries of Parent may become parties hereto as additional Guarantors (each an “Additional Guarantor”) by executing a supplement to this Guaranty Agreement in the form of Exhibit A attached hereto (or such other form as may be satisfactory to the Administrative Agent). Upon delivery of any such supplement to Administrative Agent, notice of which is hereby waived by Guarantors, each such Additional Guarantor shall be a Guarantor and shall be a party hereto as if such Additional Guarantor were an original signatory hereof. Each Guarantor expressly agrees that its obligations arising hereunder shall not be affected or diminished by the addition or release of any other Guarantor hereunder, or by any election by Administrative Agent or any Lenders not to cause any Subsidiary to become an Additional Guarantor hereunder. This Guaranty Agreement shall be fully effective as to any Guarantor that is or becomes a party hereto regardless of whether any such person becomes or fails to become or ceases to be a Guarantor hereunder].2

  • Affirmation of Guarantors Each Guarantor hereby approves and consents to this Agreement and the transactions contemplated by this Agreement and agrees and affirms that its guarantee of the Obligations continues to be in full force and effect and is hereby ratified and confirmed in all respects and shall apply to the Credit Agreement, as amended hereby, and all of the other Loan Documents, as such are amended, restated, supplemented or otherwise modified from time to time in accordance with their terms.

  • Release of Guarantors In connection with (x) a Subsidiary Guarantor no longer being a Material Subsidiary or (y) the sale of Equity Interests in a Subsidiary Guarantor permitted under Section 10.4, the Borrower may request in writing that the Administrative Agent release, and upon receipt of such request the Administrative Agent shall release, such Subsidiary Guarantor from the Subsidiary Guaranty and any other applicable Security Documents so long as: (i) such Subsidiary Guarantor owns no Property included in the most-recent calculation of the Borrowing Base, nor any Equity Interest in any Subsidiary Guarantor that owns a Property included in the most-recent calculation of Borrowing Base; (ii) no Event of Default shall then be in existence or would occur as a result of such release; (iii) the representations and warranties made by the Borrower and such Subsidiary Guarantor in the Loan Documents to which any of them is a party, shall be true and correct in all material respects (except in the case of a representation or warranty qualified by materiality, in which case such representation or warranty shall be true and correct in all respects) on and as of the date of such release with the same force and effect as if made on and as of such date except to the extent that such representations and warranties expressly relate solely to an earlier date (in which case such representations and warranties shall have been true and correct in all material respects (except in the case of a representation or warranty qualified by materiality, in which case such representation or warranty shall be true and correct in all respects and except for changes in factual circumstances specifically and expressly permitted hereunder)); and (iv) the Administrative Agent shall have received such written request at least ten (10) Business Days (or such shorter period as may be acceptable to the Administrative Agent) prior to the requested date of release. Delivery by the Borrower to the Administrative Agent of any such request shall constitute a representation by the Borrower that the matters set forth in the preceding sentence (both as of the date of the giving of such request and as of the date of the effectiveness of such request) are true and correct with respect to such request. Lenders hereby irrevocably authorize the Administrative Agent to release a Subsidiary Guarantor from the Subsidiary Guaranty in accordance with this Section 4.6.

  • Joinder of Guarantors Each of the Guarantors hereby joins in this Amendment to evidence its consent hereto, and each Guarantor hereby reaffirms its obligations set forth in the Credit Agreement, as hereby amended, and in each Guaranty Agreement and each other Loan Document given by it in connection therewith.

  • Consent of Guarantors Each of the Guarantors shall have executed and delivered to the Agent the Consent.

  • Additional Guarantors; Release of Guarantors SECTION 5.11 OF THE CREDIT AGREEMENT PROVIDES THAT CERTAIN SUBSIDIARIES MUST BECOME GUARANTORS BY, AMONG OTHER THINGS, EXECUTING AND DELIVERING TO AGENT A COPY OF THIS GUARANTY. ANY SUBSIDIARY WHICH EXECUTES AND DELIVERS TO THE AGENT THIS GUARANTY SHALL BE A GUARANTOR FOR ALL PURPOSES HEREUNDER. UNDER CERTAIN CIRCUMSTANCES DESCRIBED IN SECTION 5.10 OF THE CREDIT AGREEMENT, CERTAIN SUBSIDIARIES MAY OBTAIN FROM THE AGENT A WRITTEN RELEASE FROM THIS GUARANTY PURSUANT TO THE PROVISIONS OF SUCH SECTION, AND UPON OBTAINING SUCH WRITTEN RELEASE, ANY SUCH SUBSIDIARY SHALL NO LONGER BE A GUARANTOR HEREUNDER. EACH OTHER GUARANTOR CONSENTS AND AGREES TO ANY SUCH RELEASE AND AGREES THAT NO SUCH RELEASE SHALL AFFECT ITS OBLIGATIONS HEREUNDER.

  • Acknowledgment of Guarantors The Guarantors acknowledge and consent to all of the terms and conditions of this Amendment and agree that this Amendment and all documents executed in connection herewith do not operate to reduce or discharge the Guarantors’ obligations under the Credit Documents.

  • Consent of Guarantor Each Guarantor shall execute the Consent of Guarantor set forth below.

  • Release of Guarantor A Guarantor shall be released from all of its obligations under its Guarantee if:

  • Additional Guarantors The Company shall cause each of its subsidiaries formed or acquired on or subsequent to the date hereof to become a Guarantor for all purposes of this Guarantee by executing and delivering an Assumption Agreement in the form of Annex 1 hereto.

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