Common use of Resignation of a Guarantor Clause in Contracts

Resignation of a Guarantor. 24.5.1. The Original Borrower may request that a Guarantor (other than the Original Borrower) ceases to be a Guarantor by delivering to the Facility Agent a Resignation Letter. 24.5.2. The Facility Agent shall accept a Resignation Letter and notify the Original Borrower and the Lenders of its acceptance if: 24.5.2.1. no Default is continuing or would result from the acceptance of the Resignation Letter (and the Original Borrower has confirmed this is the case); and 24.5.2.2. the Majority Lenders have consented to the Original Borrower’s request.

Resignation of a Guarantor. 24.5.1. 25.5.1 The Original Borrower may request that a Guarantor (other than the Original Borrower) ceases to be a Guarantor by delivering to the Facility Agent a Resignation Letter. 24.5.2. 25.5.2 The Facility Agent shall accept a Resignation Letter and notify the Original Borrower and the Lenders of its acceptance if: 24.5.2.1. 25.5.2.1 no Default is continuing or would result from the acceptance of the Resignation Letter (and the Original Borrower has confirmed this is the case); and 24.5.2.2. 25.5.2.2 all the Majority Lenders have consented to the Original Borrower’s request.

Resignation of a Guarantor. 24.5.1. 25.4.1 The Original Borrower may request that a Guarantor (other than the Original Borrower) ceases to be a Guarantor by delivering to the Facility Agent a Resignation Letter. 24.5.2. 25.4.2 The Facility Agent shall accept a Resignation Letter and notify the Original Borrower and the Lenders of its acceptance if: 24.5.2.1. (a) no Default is continuing or would result from the acceptance of the Resignation Letter (and the Original Borrower has confirmed this is the case); and 24.5.2.2. (b) all the Majority Lenders have consented to the Original Borrower’s 's request.

Resignation of a Guarantor. 24.5.1. (a) The Original Borrower may request that a Guarantor (other than the Original Borrower) ceases to be a Guarantor by delivering to the Facility Agent a Resignation Letter. 24.5.2. (b) The Facility Agent shall accept a Resignation Letter and notify the Original Borrower and the Lenders of its acceptance if: 24.5.2.1. (i) no Default is continuing or would result from the acceptance of the Resignation Letter (and the Original Borrower has confirmed this is the case); and 24.5.2.2. (ii) all the Majority Lenders have consented to the Original Borrower’s 's request.

Resignation of a Guarantor. 24.5.1. 1.1 The Original Borrower may request that a Guarantor (other than the Original Borrower) ceases to be a Guarantor by delivering to the Facility Agent a Resignation Letter. 24.5.2. 1.2 The Facility Agent shall accept a Resignation Letter and promptly notify the Original Borrower and the Lenders of its acceptance if: 24.5.2.1. if no Default is continuing or would result from the acceptance of the Resignation Letter (and the Original Borrower has confirmed this is the case); and 24.5.2.2. the Majority Lenders have consented to the Original Borrower’s request.70 SECTION 10 THE FINANCE PARTIES

Resignation of a Guarantor. 24.5.1. 28.4.1 The Original Borrower may request that a Guarantor (other than the Original Borrower) ceases to be a Guarantor by delivering to the Facility Agent a Resignation Letter. 24.5.2. 28.4.2 The Facility Agent shall accept a Resignation Letter and notify the Original Borrower and the Lenders of its acceptance if: 24.5.2.1. 28.4.2.1 no Default is continuing or would result from the acceptance of the Resignation Letter (and the Original Borrower has confirmed this is the case); and; 24.5.2.2. 28.4.2.2 all the Majority Lenders have consented to the Original Borrower’s 's request.. Common Terms Agreememt_Execution