Guaranty Matters. The Lenders (including in their capacities as potential Cash Management Banks and potential Hedge Banks) and the L/C Issuers irrevocably authorize the Administrative Agent, at its option and in its discretion, to release any Guarantor from its obligations under the Guaranty if such Person ceases to be a Subsidiary as a result of a transaction permitted hereunder or upon satisfaction in full of all the Obligations (other than # Obligations under any Cash Management Agreement that are allowed by the applicable Cash Management Bank to remain outstanding, or are not expressly required pursuant to the terms of such Cash Management Agreement to be repaid or cash collateralized, upon repayment in full of the other Obligations hereunder, and # Obligations under any Hedge Agreement that are allowed by the applicable Hedge Bank to remain outstanding, or are not expressly required pursuant to the terms of such Hedge Agreement to be repaid or cash collateralized, upon repayment in full of the other Obligations hereunder). Upon request by the Administrative Agent at any time, the Required Lenders will confirm in writing the Administrative Agent’s authority to release any Guarantor from its obligations under the Guaranty pursuant to this [Section 9.10]. In each case as specified in this [Section 9.10], the Administrative Agent will, at the Borrowers’ expense, promptly execute and deliver to the applicable Borrower such documents as such Borrower may reasonably request to release such Guarantor from its obligations under the Guaranty, in each case in accordance with the terms of the Loan Documents and this [Section 9.10].

Guaranty Matters. Without limiting the provisions of Section 9.09, the Lenders and the L/C Issuers irrevocably authorize the Administrative Agent, at its option and in its discretion, to release any Guarantor from its obligations under the Guaranty if such Person ceases to be a Subsidiary as a result of a transaction permitted under the Loan Documents.

Guaranty Matters. The Lenders and the L/C Issuers irrevocably authorize the Administrative Agent to release and discharge any Guarantor from its obligations under the Guaranty # if, at the Administrative Agent’s option and in its discretion, such Person # ceases to be a Subsidiary as a result of a transaction permitted hereunder, # ceases to be a guarantor of all other Indebtedness of the Borrower or # is released and discharged as otherwise agreed by the Required Lenders or all Lenders, as the case may be or # upon delivery by the Borrower by to the Administrative Agent of a certificate stating that after giving effect to the release of the Guarantor, the outstanding principal amount of Priority Debt shall not exceed, the greater of # $500,000,000 and # 15% of Consolidated Net Tangible Assets (and the delivery of such certificate is deemed to be a representation and warranty by the Borrower under this Agreement of the statements made therein).

Guaranty Matters. Each of the Lenders (including in its capacities as a potential Cash Management Bank and a potential Hedge Bank[[Company:Organization]] and the L/C Issuers irrevocably authorize the Administrative Agent:

Guaranty Matters. Without limiting the provisions of [Section 9.09], each Lender and each L/C Issuer irrevocably authorize the Administrative Agent, at its option and in its discretion to release any Guarantor from its obligations under the Guaranty if required or permitted pursuant to the terms hereof. Upon request by the Administrative Agent at any time, the Required Lenders will confirm in writing the Administrative Agent’s authority to release any Guarantor from its obligations under the Guaranty pursuant to this [Section 9.10] and in accordance with the terms of this Agreement.

Guaranty Matters. Without limiting the provisions of Section 9.09, each of the Lenders, the Swing Line Lender and each of the L/C Issuers irrevocably authorize the Administrative Agent, at its option and in its discretion, to release any Guarantor from its obligations under the Guaranty if such Person # ceases to be a Subsidiary or # ceases to be a Required Subsidiary Guarantor, in each case under clauses (i) and (ii), as a result of a transaction permitted under the Loan Documents.

. Without limiting the provision of Section 9.08, the Lenders and the L/C Issuer irrevocably authorize the Administrative Agent, at its option and in its discretion, to release any Guarantor from its obligations under the Guaranty if such Person ceases to be a Restricted Subsidiary as a result of a transaction permitted under the Loan Documents.

Guaranty Matters. The Lenders and the L/C Issuer irrevocably agree that a Guarantor shall automatically be released from its obligations under the Guaranty and the other Loan Documents upon # the consummation of any transaction permitted by this Agreement as a result of which such Guarantor ceases to be a Wholly-Owned Domestic Subsidiary of the Company or # written notice from the Company following the consummation of any other transaction permitted by this Agreement or the occurrence of other circumstances not prohibited by this Agreement which, in either case, results in such Guarantor becoming an Excluded Subsidiary. The Administrative Agent will (and the Lenders and the L/C Issuer irrevocably authorize and direct the Administrative Agent to), at the Company’s expense, execute and deliver to the applicable Guarantor such documents as such Guarantor may reasonably request to evidence such release. Upon request by the Administrative Agent at any time, the Required Lenders will confirm in writing the Administrative Agent’s authority to release or evidence the release of any Guarantor from its obligations under the Guaranty and the other Loan Documents pursuant to this [Section 9.09] or any other Loan Document.

Each of the Lenders irrevocably authorizes the Administrative Agent and the Administrative Agent hereby agrees for the benefit of the Loan Parties to release any Guarantor (other than the REIT Guarantor and the Affiliate REITs) from its obligations under the Guaranty Agreement if such Person is no longer required to be a Guarantor hereunder in accordance with the terms of [Section 8.8] [Additional Guarantors].

Guaranty Matters. The Lenders irrevocably authorize the Administrative Agent to release and discharge any Guarantor from its obligations under the Guaranty # if, at the Administrative Agent’s option and in its discretion, such Person # ceases to be a Subsidiary as a result of a transaction permitted hereunder, # ceases to be a guarantor of all other Indebtedness of the Borrower or # is released and discharged as otherwise agreed by the Required Lenders or all Lenders, as the case may be or # upon delivery by the Borrower by to the Administrative Agent of a certificate stating that after giving effect to the release of the Guarantor, the outstanding principal amount of Priority Debt shall not exceed, the greater of # $500,000,000 and # 15% of Consolidated Net Tangible Assets (and the delivery of such certificate is deemed to be a representation and warranty by the Borrower under this Agreement of the statements made therein).