Common use of Additional Guarantors; Release of Guarantors Clause in Contracts

Additional Guarantors; Release of Guarantors. Section 5.29 -------------------------------------------- of the Credit Agreement provides that all new Significant Subsidiaries must become Guarantors, by, among other things, executing and delivering to the Agent a counterpart of this Guaranty. Any Subsidiary which executes and delivers to the Agent a counterpart of this Guaranty shall be a Guarantor for all purposes hereunder. Under certain circumstances described in the last sentence of Section 5.05 of the Credit Agreement, Guarantors may obtain from the Agent a written release from this Guaranty pursuant to the provisions of such sentence, and upon obtaining such written release, any such Subsidiary shall no longer be a Guarantor hereunder. Each other Guarantor consents and agrees to any such release and agrees that no such release shall affect its obligations hereunder.

Appears in 1 contract

Samples: Credit Agreement (JDN Realty Corp)

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Additional Guarantors; Release of Guarantors. Section 5.29 -------------------------------------------- 5.23 of the Credit Agreement provides that all new Subsidiaries which are or become Significant Subsidiaries must become Guarantors, by, among other things, executing and delivering to the Agent a counterpart of this GuarantyGuaranty and the Contribution Agreement. Any Significant Subsidiary which executes and delivers to the Agent a counterpart of this Guaranty and the Contribution Agreement shall be a Guarantor for all purposes hereunder. Under certain circumstances described in the last sentence paragraph (b) of Section 5.05 5.23 of the Credit Agreement, Guarantors a Guarantor which is to be sold may obtain from the Agent a written release from this Guaranty pursuant to the provisions of such sentence, paragraph and upon obtaining such written release, any such Subsidiary former Guarantor shall no longer be a Guarantor hereunder. Each other Guarantor consents and agrees to any such release and agrees that no such release shall affect its obligations hereunder.

Appears in 1 contract

Samples: Credit Agreement (Trion Inc)

Additional Guarantors; Release of Guarantors. Section 5.29 -------------------------------------------- 5.21 of the Credit Agreement provides that all new Significant Subsidiaries which are not Guarantors must become Guarantors, by, among other things, executing and delivering to the Administrative Agent a counterpart of this GuarantyGuaranty and the Contribution Agreement. Any Significant Domestic Subsidiary which executes and delivers to the Administrative Agent a counterpart of this Guaranty and the Contribution Agreement shall be a Guarantor for all purposes hereunder. Under certain circumstances described in the last sentence paragraph (b) of Section 5.05 5.21 of the Credit Agreement, Guarantors a Guarantor which is to be sold may obtain from the Administrative Agent a written release from this Guaranty pursuant to the provisions of such sentence, paragraph and upon obtaining such written release, any such Subsidiary former Guarantor shall no longer be a Guarantor hereunder. Each other Guarantor consents and agrees to any such release and agrees that no such release shall affect its obligations hereunder.

Appears in 1 contract

Samples: Credit Agreement (Guilford Mills Inc)

Additional Guarantors; Release of Guarantors. Section 5.29 -------------------------------------------- 5.20 of the Credit Agreement provides that all new Significant Subsidiaries which are not Guarantors must become Guarantors, by, among other things, executing and delivering to the Agent a counterpart of this GuarantyGuaranty and the Contribution Agreement. Any Significant Domestic Subsidiary which executes and delivers to the Agent a counterpart of this Guaranty and the Contribution Agreement shall be a Guarantor for all purposes hereunder. Under certain circumstances described in the last sentence paragraph (b) of Section 5.05 5.20 of the Credit Agreement, Guarantors a Guarantor which is to be sold may obtain from the Agent a written release from this Guaranty pursuant to the provisions of such sentence, paragraph and upon obtaining such written release, any such Subsidiary former Guarantor shall no longer be a Guarantor hereunder. Each other Guarantor consents and agrees to any such release and agrees that no such release shall affect its obligations hereunder.

Appears in 1 contract

Samples: Credit Agreement (Guilford Mills Inc)

Additional Guarantors; Release of Guarantors. Section --------------------------------------------- 5.29 -------------------------------------------- of the Credit Agreement provides that all new Significant Subsidiaries must become Guarantors, by, among other things, executing and delivering to the Agent a counterpart of this Guaranty. Any Subsidiary which executes and delivers to the Agent a counterpart of this Guaranty shall be a Guarantor for all purposes hereunder. Under certain circumstances described in the last sentence of Section 5.05 of the Credit Agreement, Guarantors may obtain from the Agent a written release from this Guaranty pursuant to the provisions of such sentence, and upon obtaining such written release, any such Subsidiary shall no longer be a Guarantor hereunder. Each other Guarantor consents and agrees to any such release and agrees that no such release shall affect its obligations hereunder.

Appears in 1 contract

Samples: Credit Agreement (JDN Realty Corp)

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Additional Guarantors; Release of Guarantors. Section 5.29 -------------------------------------------- 5.22(d) of the Amended and Restated Credit Agreement provides that all new Significant Subsidiaries must become Guarantors, Guarantors by, among other things, executing and delivering to the Administrative Agent a counterpart of this Guaranty. Any Subsidiary which executes and delivers to the Administrative Agent a counterpart of this Guaranty shall be a Guarantor for all purposes hereunder. Under certain circumstances described in the last sentence of Section 5.05 5.11 of the Amended and Restated Credit Agreement, Guarantors may obtain from the Administrative Agent a written release from this Guaranty pursuant to the provisions of such sentence, and upon obtaining such written release, any such Subsidiary shall no longer be a Guarantor hereunder. Each other Guarantor consents and agrees to any such release and agrees that no such release shall affect its obligations hereunder.. 138 144

Appears in 1 contract

Samples: Credit Agreement (Post Apartment Homes Lp)

Additional Guarantors; Release of Guarantors. Section 5.29 -------------------------------------------- 5.28 of the Credit Agreement provides that all new Significant Subsidiaries and must become Guarantors, by, among other things, executing and delivering to the Administrative Agent a counterpart of this GuarantyGuaranty or a joinder agreement with respect hereto. Any Subsidiary which executes and delivers to the Administrative Agent a counterpart of this Guaranty or a joinder agreement with respect hereto shall be a Guarantor for all purposes hereunder. Under certain circumstances described in the last sentence of Section 5.05 of the Credit Agreement, Guarantors may obtain from the Administrative Agent a written release from this Guaranty pursuant to the provisions of such sentence, and upon obtaining such written release, any such Subsidiary shall no longer be a Guarantor hereunder. Each other Guarantor consents and agrees to any such release and agrees that no such release shall affect its obligations hereunder.

Appears in 1 contract

Samples: Credit Agreement (Amli Residential Properties Trust)

Additional Guarantors; Release of Guarantors. Section 5.29 -------------------------------------------- 5.28 of the Credit Agreement provides that all new Significant Subsidiaries and must become Guarantors, by, among other things, executing and delivering to the Administrative Agent a counterpart of this Guaranty. Any Subsidiary which executes and delivers to the Administrative Agent a counterpart of this Guaranty shall be a Guarantor for all purposes hereunder. Under certain circumstances described in the last sentence of Section 5.05 of the Credit Agreement, Guarantors may obtain from the Administrative Agent a written release from this Guaranty pursuant to the provisions of such sentence, and upon obtaining such written release, any such Subsidiary shall no longer be a Guarantor hereunder. Each other Guarantor consents and agrees to any such release and agrees that no such release shall affect its obligations hereunder.

Appears in 1 contract

Samples: Credit Agreement (Amli Residential Properties Trust)

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