Common use of Addition, Release of Guarantors Clause in Contracts

Addition, Release of Guarantors. Each Guarantor recognizes that the provisions of the Credit Agreement require Persons that become Subsidiaries of the Borrower and that are not already parties hereto to become Guarantors hereunder by executing a Guarantor Accession (subject to certain excepts regarding Foreign Subsidiaries), and agrees that its obligations hereunder shall not be discharged, limited or otherwise affected by reason of the same, or by reason of the Administrative Agent’s actions in effecting the same or in releasing any Guarantor hereunder, in each case without the necessity of giving notice to or obtaining the consent of any other Guarantor.

Addition, Release of Guarantors. Each Guarantor recognizes that the provisions of the Credit Agreement require Persons that become Subsidiaries any Subsidiary of the Borrower and that are not already parties hereto issues or incurs any Debt (other than Excluded Debt) held by a non-affiliated party to become Guarantors a Guarantor hereunder by executing a Guarantor Accession (subject to certain excepts regarding Foreign Subsidiaries)Accession, and agrees that its obligations hereunder shall not be discharged, limited or otherwise affected by reason of the same, or by reason of the Administrative Agent’s actions in effecting the same or in releasing any Guarantor hereunder, in each case without the necessity of giving notice to or obtaining the consent of any other Guarantor.