Authority to Release. I have the authority to release the claims which are released herein and no claims have been previously assigned to or are owned by any other person or entity.
Authority to Release. The Team Member must create, sign, execute or otherwise deal with any document which may be necessary to give effect to clause 8.1.
Authority to Release. Lenders irrevocably authorize Collateral Agent, at its option and in its discretion:
Authority to Release. Create, sign, execute or otherwise deal with any document which may be necessary to give effect to paragraph 1.17.
Authority to Release. The Lenders hereby authorize the Administrative Agent, at its option and in its discretion, to release any Subsidiary Guarantor from its obligations under any of the Guarantees and release or subordinate any Lien granted to the Administrative Agent upon any Collateral (i) upon termination of the Commitments and payment and satisfaction of all of the Obligations at any time arising under or in respect of this Agreement or the Loan Documents and Hedging Agreements or the transactions contemplated hereby or thereby (which satisfaction, in the case of outstanding Letters of Credit, may take the form of a backstop letter of credit from an issuer acceptable to the Administrative Agent or cash collateral); (ii) in connection with any transaction which is permitted by this Agreement (including, without limitation, the permitted sale by the Company or any Subsidiary of one hundred percent (100%) of the Capital Stock of any Subsidiary Guarantor or Pledge Subsidiary owned by the Company and its Subsidiaries or a dissolution or liquidation of a Subsidiary Guarantor permitted by Section 7.3(B)(iii)), (iii) as required pursuant to Section 7.2(K) or Section 7.2(L) or (iv) if approved, authorized or ratified in writing by the Required Lenders, unless any such release is required to be approved by all of the Lenders hereunder. Upon request by the Administrative Agent at any time, the Lenders will confirm in writing the Administrative Agent’s authority to release particular Subsidiary Guarantors or types or items of Collateral pursuant to this Section 11.15(B).
Authority to Release. Avatech warrants and represents that it has the power and authority to release the Released Claims, and that it has not heretofore assigned or transferred or purported to assign or transfer to any third party any Released Claim.
Authority to Release. Employee hereby warrants that he has not assigned or transferred to any person any portion of any Claim that is released, waived, and discharged in Sections (a) or (b) above.
Authority to Release. Executive and the Company each warrants to the other that such party has not assigned or transferred to any person or entity all or any portion of any Claim that is released, waived and discharged in this Agreement.
Authority to Release. The Service Provider hereby warrants that he has not assigned or transferred to any person any portion of any Claim that is released, waived and discharged in Sections 7(a) or 7(b) above.
Authority to Release. The Lenders hereby authorize the Administrative Agent, at its option and in its discretion, to release any Subsidiary Guarantor from its obligations under any of the Guarantees and release or subordinate any Lien granted to the Administrative Agent upon any Collateral (i) upon termination of the Commitments and payment and satisfaction of all of the Obligations at any time arising under or in respect of this Agreement or the Loan Documents and Hedging Agreements or the transactions contemplated hereby or thereby (which satisfaction, in the case of outstanding Letters of Credit, may take the form of a backstop letter of credit from an issuer acceptable to the Administrative Agent or cash collateral); (ii) in connection with any transaction which is permitted by this Agreement (including, without limitation, the permitted sale by the Company or any Subsidiary of one hundred percent (100%) of the Capital Stock of any Subsidiary Guarantor or Pledge Subsidiary owned by the Company and its Subsidiaries or a dissolution or liquidation of a Subsidiary Guarantor permitted by Section 7.3(B)(iii)), (iii) as required pursuant to Section 7.2(K) or Section 7.2(L) or (iv) if approved, authorized or ratified in writing by the Required Lenders, unless any such release is required to be approved by all of the Lenders hereunder. Upon request by the Administrative Agent at any time, the Lenders will confirm in writing the Administrative Agent’s authority to release particular Subsidiary Guarantors or types or items of Collateral pursuant to this Section 11.15(B). Notwithstanding the foregoing (a) on September 29, 2017, each of the Permitted Release Guarantors shall automatically be released from its obligations under its respective Guaranty, and all Liens granted by each Permitted Release Guarantor to the Administrative Agent upon any Collateral shall also be released and (b) as previously authorized pursuant to the Existing Credit Agreement, effective upon the merger of ArvinMeritor Sweden with and into Meritor HVS AB, with Meritor HVS AB as the surviving entity, ArvinMeritor Sweden shall automatically be released from its obligations under its respective Guaranty. The Administrative Agent is hereby authorized, without any further consent of the Lenders, to execute and deliver any required documents necessary to evidence such releases with respect to the Permitted Release Guarantors or ArvinMeritor Sweden.
