Wilmorite Release. On not less than five (5) Business Days written notice from the Borrower to the Administrative Agent, the Borrower may request a release of IMI Walleye LLC and Walleye Investments LLC as Subsidiary Guarantors, and such release shall occur on the date requested by the Borrower (such date, the “Wilmorite Release Date”) provided that the following conditions are satisfied: (1) The Wilmorite JV Investment shall have occurred on or prior to the Wilmorite Release Date; and (2) On the Wilmorite Release Date, no Potential Default or Event of Default shall have occurred and be continuing.
Appears in 4 contracts
Samples: Credit Agreement (Macerich Co), Revolving Loan Facility Credit Agreement (Macerich Co), Revolving Loan Facility Credit Agreement (Macerich Co)
