Example ContractsClausesreleasesVariants
Remove:

Releases of Guarantees. (a) Notwithstanding anything to the contrary contained herein or in any other Loan Document, the Administrative Agent is hereby irrevocably authorized by each Lender (without requirement of notice to or consent of any Lender except as expressly required by [Section 10.1]) to take, and the Administrative Agent hereby agrees to take promptly, any action requested by the Company having the effect of releasing, or evidencing the release of, any Guarantee Obligations to the extent necessary to permit consummation of any transaction not prohibited by any Loan Document or that has been consented to in accordance with [Section 10.1].

Releases10.15Releases of Guarantees. (a) Notwithstanding anything to the contrary contained herein or in any other Loan Document, the Administrative Agent is hereby irrevocably authorized by each Lender (without requirement of notice to or consent of any Lender except as expressly required by [SectionSection 10.1])1) to take, and the Administrative Agent hereby agrees to take promptly, any action requested by the Company having the effect of releasing, or evidencing the release of, any Guarantee Obligations to the extent necessary to permit consummation of any transaction not prohibited by any Loan Document or that has been consented to in accordance with [SectionSection 10.1].1.

Releases of Guarantees.SECTION # Releases. (a) Notwithstanding anything to the contrary contained herein or in any other Loan Document, the Administrative Agent is hereby irrevocably authorized by each Lender (without requirement of notice to or consent of any Lender except as expressly required by [SectionSection 10.1]) to take, and the Administrative Agent hereby agrees1) to take promptly, any action requested by the CompanyBorrower having the effect of releasing,releasing any Collateral or evidencing the release of, any Guarantee Obligationsguarantee obligations # to the extent necessary to permit consummation of any transaction not prohibited by any Loan Document or that has been consented to in accordance with [SectionSection 10.1].1 or # under the circumstances described in paragraph # below.

ReleasesSection # Release of Guarantees. (a) Notwithstanding anything. 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 contrary contained herein or inCompany, so long as immediately after giving effect to such release contemplated by this clause (b) (and, at the option of the Company, any other Loan Document,substantially simultaneous delivery to the Administrative Agent is hereby irrevocably authorized by each Lender (without requirement of notice toone or consent of any Lender except as expressly required by [Section 10.1]) to take,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 promptly, any actionsuch actions as may be necessary or reasonably requested by the Company havingto effect and evidence such release. Upon request by the effect of releasing, or evidencingAdministrative Agent at any time, the Required Lenders will confirm in writing the Administrative Agent’s authority to release of, any Guarantee ObligationsGuarantor from its obligations under the Guaranty pursuant to the extent necessary to permit consummation of any transaction not prohibited by any Loan Document or that has been consented to in accordance with [Section 10.1].this Section 8.09.

ReleasesThe Lenders and the L/C Issuers irrevocably authorize the Administrative Agent to release any Guarantor from its obligations hereunder and under each of Guarantees. (a) Notwithstanding anythingthe other Loan Documents to the contrary contained hereinextent # such release is requested by such Guarantor and the Principal Borrower in accordance the provisions set forth in [Section 6.12(b)] hereof and upon the satisfaction of the conditions set forth in such [Section 6.12(b)] (as reasonably determined by the Administrative Agent) or # if such Guarantor ceases to be a Subsidiary as a result of a transaction permitted hereunder. Upon request by the Administrative Agent at any time, the Lenders will confirm in any other Loan Document,writing the Administrative Agent’s authority to grant releases and terminations pursuant to this [Section 9.10]. Further, the Administrative Agent is hereby irrevocably authorized by each Lender (without requirement of notice to or consentthe Lenders, upon the request of any Lender except as expressly required byGuarantor released pursuant to [Section 10.1])6.12(b)] hereof, to take,execute and deliver to such Guarantor a document (in form and substance acceptable to the Administrative Agent hereby agrees to take promptly, any action requested by the Company having the effect of releasing, orAgent) evidencing the release of, any Guarantee Obligations to the extent necessary to permit consummation of any transaction not prohibited by any Loan Document or that has been consented to in accordance with [Section 10.1].such release.

ReleasesImmediately upon the occurrence of Guarantees. (a) Notwithstanding anything toany Guarantee Release Date, the contrary contained hereinNew Guarantee and all obligations (other than as expressly provided therein) of each New Guarantor thereunder shall terminate, all without delivery of any instrument or inperformance of any other Loan Document,act by any party. In connection with any such termination, the Administrative Agent is hereby irrevocably authorized by each Lender (without requirement of notice to or consent of any Lender except as expressly required by [Section 10.1]) to take, and the Administrative Agent hereby agrees to take promptly, any action reasonably requested by the Company having the effect of releasing, or evidencing the release of, any Guarantee Obligations to the extent necessary to permit consummationobligations of any transaction not prohibited by any Loan Document or that has been consented to in accordance with [Section 10.1].New Guarantor under the New Guarantee.

Releases of Guarantees. (a) Notwithstanding anything to the contrary contained herein or in any other Loan Document,Upon request by the Administrative Agent is hereby irrevocably authorized by each Lender (without requirementat 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 9.11]. The Administrative Agent shall, at the request of noticethe Borrower, consent to or consentthe release of any Lender except as expressly required by [Section 10.1])Guarantor hereunder or otherwise provide evidence of such release reasonably acceptable to take, and the Administrative Agent hereby agrees to take promptly, any action requested by the Company having the effect of releasing, or evidencing the release of, any Guarantee ObligationsBorrower to the extent necessarysuch release is permitted pursuant to permit consummation of any transaction not prohibited by any Loan Document[clauses (a), (b), (c) or that has been consented to in accordance with [Section 10.1](d) above].

ReleasesImmediately upon the occurrence of Guarantees. (a) Notwithstanding anything toany Guarantee Release Date, the contrary contained hereinNew Guarantee and all obligations (other than as expressly provided therein) of each New Guarantor thereunder shall terminate, all without delivery of any instrument or inperformance of any other Loan Document,act by any party. In connection with any such termination, the Administrative Agent is hereby irrevocably authorized by each Lender (without requirement of notice to or consent of any Lender except as expressly required by [SectionSection 10.1])1) to take, and the Administrative Agent hereby agrees to take promptly, any action reasonably requested by the Company having the effect of releasing, or evidencing the release of, any Guarantee Obligations to the extent necessary to permit consummationobligations of any transaction not prohibited by any Loan Document or that has been consented to in accordance with [Section 10.1].New Guarantor under the New Guarantee.

Releases of Guarantees. (a) Notwithstanding anything to the contrary contained herein or in any other Loan Document,Upon request by the Administrative Agent is hereby irrevocably authorized by each Lender (without requirementat 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]. The Administrative Agent shall, at the request of noticethe [[Consolidated Parties:Organization]], consent to or consentthe release of any Lender except as expressly required by [Section 10.1])Guarantor hereunder or otherwise provide evidence of such release reasonably acceptable to take, and the Administrative Agent hereby agrees to take promptly, any action requested by the Company having the effect of releasing, or evidencing the release of, any Guarantee Obligations[[Consolidated Parties:Organization]] to the extent necessarysuch release is permitted pursuant to permit consummation of any transaction not prohibited by any Loan Document[clauses (a), (b), (c) or that has been consented to in accordance with [Section 10.1](d) above].

ReleasesSection # Guaranty. (a) Each [[Organization C:Organization]] and each Issuing Bank hereby further authorizes Administrative Agent, on behalf of Guarantees. (a) Notwithstanding anythingand for the benefit of the Lenders and the Issuing Banks, to be the agent for and representative of the Lenders with respect to the contrary contained herein or in anyGuaranty and the other Loan Document, theDocuments. Subject to [Section 9.02], without further written consent or authorization from any [[Organization C:Organization]] or any Issuing Bank, Administrative Agent is hereby irrevocably authorized by each Lender (without requirement of notice tomay execute any documents or consent of any Lender except as expressly required by [Section 10.1]) to take, and the Administrative Agent hereby agrees to take promptly, any action requested by the Company having the effect of releasing, or evidencing the release of, any Guarantee Obligations to the extentinstruments necessary to permit consummation ofrelease any transaction not prohibited by any Loan DocumentGuarantor from the Guaranty pursuant to [Section 9.17] or that has been consentedwith respect to in accordance withwhich Required Lenders (or such other Lenders as may be required to give such consent under [Section 10.1].9.02]) have otherwise consented.

Load more...
Select clause to view document information.

Draft better contracts
faster with AllDrafts

AllDrafts is a cloud-based editor designed specifically for contracts. With automatic formatting, a massive clause library, smart redaction, and insanely easy templates, it’s a welcome change from Word.

And AllDrafts generates clean Word and PDF files from any draft.