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Guaranty Matters
Guaranty Matters contract clause examples

. The Lenders irrevocably authorize the [[Administrative Agent:Organization]], at its option and in its discretion to release any Guarantor from its obligations under the Guaranty if:

Section # Guaranty/Borrower Party Matters. The Lenders irrevocably authorize the Administrative Agent, at its option and in its discretion to release any Guarantor from its obligations under the Guaranty if:

. The and the L/C Issuers irrevocably authorize the Administrative Agent, at its option and in its discretion, to release any Subsidiary from its obligations under the Subsidiary Guaranty if such Person ceases to be a Subsidiary as a result of a transaction permitted hereunder.

Section # Release of . The Lenders irrevocably authorize the Administrative Agent, at its option and in its discretion, to release any Guarantor from its obligations under its Guaranty # if such Person ceases to be a Subsidiary as a result of a transaction permitted hereunder or # upon request of the Company, so long as immediately after giving effect to such release contemplated by this clause (b) (and, at the option of the Company, any substantially simultaneous delivery to the Administrative Agent of one or more additional Guaranties), the Company shall be in compliance with Section 5.10, and the Administrative Agent hereby agrees to execute such documents and take such actions as may be necessary or reasonably requested by the Company to effect and 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 any Guarantor from its obligations under the Guaranty pursuant to this Section 8.09.

Upon request by the [[Administrative Agent:Organization]] at any time, the Required Lenders will confirm in writing the [[Administrative Agent:Organization]]’s authority to release any Guarantor from its obligations under the Guaranty pursuant to this Section 9.10. The [[Administrative Agent:Organization]] shall, at the request of the , consent to the release of any Guarantor hereunder or otherwise provide evidence of such release reasonably acceptable to the to the extent such release is permitted pursuant to [clauses (a), (b), (c) or (d) above].

1.10Guaranty/[[Consolidated Parties:Organization]] Party Matters. 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:

The Lenders and the L/C Issuer irrevocably authorize the Administrative Agent, at its option and in its discretion, to release any Subsidiary Guarantor from its obligations under the Subsidiary Guaranty if such Person ceases to be a Subsidiary as a result of a transaction permitted hereunder.

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