Common use of and 8 Clause in Contracts

and 8. 6.6 and with the Guaranty Condition on a pro forma basis after giving effect to such release and (ii) no Default exists at the time of such release or would result from such release as stated in the pro forma Compliance Certificate. (e) Any exclusion or removal, redesignation, sale, transfer or assignment of an Unencumbered Property or release of a Guarantor permitted by this Section 7.13 shall be referred to as a “Permitted Removal.” No Permitted Removal shall take effect until a Compliance Certificate addressing such Permitted Removal has been delivered by the Borrower to the Administrative Agent. (f) The Borrower will cause each Subsidiary that enters into a Guaranty pursuant to this Section 7.13 to deliver to the Administrative Agent the Guarantor Deliverables together with such Guaranty.