Common use of Authorization to Release Collateral and Guarantors Clause in Contracts

Authorization to Release Collateral and Guarantors. The Lenders and Issuing Lenders authorize the Administrative Agent to release (i) any Collateral consisting of assets or equity interests sold or otherwise disposed of in a sale or other disposition or transfer permitted under this Agreement, and (ii) any Guarantor from its obligations under the Guaranty Agreement if the ownership interests of such Guarantor in the Borrower are sold or otherwise disposed of or transferred to persons other than Loan Parties or Subsidiaries of the Loan Parties in a transaction permitted under this Agreement.

Authorization to Release Collateral and Guarantors. The Lenders and the Issuing Lenders Lender authorize the Administrative Agent to release (i) any Collateral consisting of assets or equity interests sold or otherwise disposed of in a sale or other disposition or transfer permitted collateral under this Agreementthe Loan Documents, and (ii) any Guarantor from its obligations under the Guaranty Agreement if the ownership interests of in such Guarantor in the Borrower are sold or otherwise disposed of or transferred to persons other than Loan Parties or Subsidiaries of the Loan Parties in a transaction permitted under this AgreementSection 8.2.6 [Dispositions of Assets or Subsidiaries] or Section 8.2.5 [Liquidations, Mergers, Consolidations, Acquisitions].

Authorization to Release Collateral and Guarantors. The Lenders and Issuing Lenders authorize the Administrative Agent to release (i) any Collateral consisting of assets or equity interests sold or otherwise disposed of in a sale or other disposition or transfer permitted under this AgreementSection 8.2.7 [Dispositions of Assets or Subsidiaries], and (ii) any Guarantor from its obligations under the Guaranty Agreement if the ownership interests of in such Guarantor in the Borrower are sold or otherwise disposed of or transferred to persons other than a Loan Parties or Subsidiaries of the Loan Parties Party change in a transaction permitted under this Agreementhereunder.

Authorization to Release Collateral and Guarantors. The Lenders and Issuing Lenders authorize the Administrative Agent to release (i) any Collateral consisting of assets or equity interests sold or otherwise disposed of in a sale or other disposition or transfer permitted under this AgreementSection 8.2.7 [Dispositions of Assets or Subsidiaries], and (ii) any - 104 - Guarantor from its obligations under the Guaranty Agreement if the ownership interests of in such Guarantor in the Borrower are sold or otherwise disposed of or transferred to persons other than a Loan Parties or Subsidiaries of the Loan Parties Party change in a transaction permitted under this Agreementhereunder.

Authorization to Release Collateral and Guarantors. The Lenders and Issuing Lenders authorize the Administrative Agent to release (i) any Collateral consisting of assets or equity interests sold or otherwise disposed of in a sale or other disposition or transfer permitted under this Agreement, and (ii) any Guarantor from its obligations under the Guaranty Agreement if the ownership interests of such Guarantor in the Borrower are sold or otherwise disposed of or transferred to persons other than Loan Parties or Subsidiaries of the Loan Parties in a transaction permitted under this Agreement.permitted

Authorization to Release Collateral and Guarantors. The Lenders and Issuing Lenders authorize the Administrative Agent to release (i) any Collateral consisting of assets or equity interests sold or otherwise disposed of in a sale or other disposition or transfer permitted under this Agreement, hereunder and (ii) any Guarantor from its obligations under the Guaranty Agreement if the ownership interests of in such Guarantor in the Borrower are sold or otherwise disposed of or transferred to ​ ​ ​ persons other than Loan Parties or Subsidiaries of the Loan Parties in a transaction permitted under this Agreement.hereunder. ​

Authorization to Release Collateral and Guarantors. The Lenders and Issuing Lenders authorize the Administrative Agent to release (i) any Collateral consisting of assets or equity interests sold or otherwise disposed of in a sale or other disposition or transfer permitted under this Agreement, Section 8.2.8 [Disposition of Assets or Subsidiaries] and (ii) any Guarantor from its obligations under the Guaranty Agreement if the ownership interests of in such Guarantor in the Borrower are sold or otherwise disposed of or transferred to persons other than Loan Parties or Subsidiaries of the Loan Parties in a transaction permitted under this AgreementSection 8.2.8 [Disposition of Assets or Subsidiaries].

Authorization to Release Collateral and Guarantors. The Lenders and Issuing Lenders authorize the Administrative Agent to release (i) any Collateral consisting of assets or equity interests Equity Interests sold or otherwise disposed of in a sale or other disposition or transfer permitted under this AgreementSection 8.2.8 or 8.2.9, and (ii) any Guarantor from its obligations under the Guaranty Agreement if the ownership interests of in such Guarantor in the Borrower are sold or otherwise disposed of or transferred to persons other than Loan Parties or Subsidiaries of the Loan Parties in a transaction permitted under this Agreement.Section 8.2.8 or 8.2.9. -100- CHAR1\0000000x0