Common use of Removal of Guarantors Clause in Contracts

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.

Appears in 1 contract

Samples: Agreement (Reuters Group PLC)

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Removal of Guarantors. Any Guarantor (other than the Parent or any other BorrowerParent) may, at the request of the Parent Borrowers' Agent 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 Parent in such form as the Agent may reasonably require which shall discharge that Guarantor's ’s obligations as a Guarantor under this Agreement.

Appears in 1 contract

Samples: Agreement (Syngenta Ag)

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 Parent in such form as the Agent may reasonably require which shall discharge that Guarantor's ’s obligations as a Guarantor under this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Reuters Group PLC /Adr/)

Removal of Guarantors. Any Guarantor (other than the Parent or any other BorrowerParent) may, at the request of the Parent Borrowers' Agent 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 Parent in such form as the Agent may reasonably require which shall discharge that Guarantor's obligations as a Guarantor under this Agreement.

Appears in 1 contract

Samples: Agreement (Syngenta Ag)

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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 Parent in such form as the Agent may reasonably require which shall discharge that Guarantor's obligations as a Guarantor under this Agreement.

Appears in 1 contract

Samples: Conformed Copy (Reuters Group PLC /Adr/)

Removal of Guarantors. Any Guarantor which is not a Borrower (other than the Parent or any other Borrowerand the Company) may, at the request of the Parent Borrowers' Agent 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 Borrowers' Agent in such form as the Agent may reasonably require which shall discharge that Guarantor's obligations as a Guarantor under this Agreement.

Appears in 1 contract

Samples: Agreement (Powergen PLC)

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