Common use of Subsidiaries Guaranty Matters Clause in Contracts

Subsidiaries Guaranty Matters. The Lenders and the L/C Issuer irrevocably authorize the Administrative Agent and the Administrative Agent hereby agrees, to release any Subsidiary that is a Guarantor from its obligations under the Subsidiaries Guaranty (a) if such Person ceases to be a Subsidiary as a result of a transaction permitted hereunder, including as a result of any sale, transfer or disposition of such Subsidiary permitted by hereunder (so long as the proceeds from such sale, transfer or disposition have been or will be applied in accordance with this Agreement), (b) otherwise pursuant to Section 6.14 and (c) on the Facility Termination Date. Upon request by the Administrative Agent at any time, the Required Lenders will confirm in writing the Administrative Agent’s authority to release any Subsidiary Guarantor from its obligations under the Subsidiaries Guaranty pursuant to this Section 9.10.

Subsidiaries Guaranty Matters. The Lenders and the L/C Issuer irrevocably authorize the Administrative Agent and the Administrative Agent hereby agrees, to release any Subsidiary that is a Guarantor from its obligations under the Subsidiaries Guaranty (a) if such Person ceases to be a Subsidiary as a result of a transaction permitted hereunder, including as a result of any sale, transfer or disposition of such Subsidiary permitted by hereunder (so long as the proceeds from such sale, transfer or disposition have been or will be applied in accordance with this Agreement), (b) otherwise pursuant to Section 6.14 and (c) on the Facility Termination Date. Upon request by the Administrative Agent at any time, the Required Lenders Xxxxxxx will confirm in writing the Administrative Agent’s authority to release any Subsidiary Guarantor from its obligations under the Subsidiaries Guaranty pursuant to this Section 9.10.

Subsidiaries Guaranty Matters. The Lenders and the L/C Issuer irrevocably authorize the Administrative Agent and the Administrative Agent hereby agrees, to release any Subsidiary that is a Guarantor from its obligations under the Subsidiaries Guaranty (ax) if such Person ceases to be a Subsidiary as a result of a transaction permitted hereunder, including as a result of any sale, transfer or disposition of such Subsidiary permitted by hereunder (so long as the proceeds from such sale, transfer or disposition have been or will be applied in accordance with this Agreement), (by) otherwise pursuant to Section 6.14 and (cz) on the Facility Termination Date. Upon request by the Administrative Agent at any time, the Required Lenders will confirm in writing the Administrative Agent’s authority to release any Subsidiary Guarantor from its obligations under the Subsidiaries Guaranty pursuant to this Section 9.10.