Common use of Further, the Administrative Agent Clause in Contracts

Further, the Administrative Agent. may (and is hereby irrevocably authorized by each Lender to), upon the request of the Company, release any Subsidiary Guarantor from its obligations under the Guaranty if such Subsidiary Guarantor is no longer a Subsidiary or is no longer required to be a Subsidiary Guarantor pursuant to the terms of this Agreement.

Appears in 1 contract

Sources: Credit Agreement (Watts Water Technologies Inc)

Further, the Administrative Agent. may (and is hereby irrevocably authorized by each Lender to), upon the request of the CompanyBorrower, release any Subsidiary Guarantor from its obligations under the Guaranty if if, as of the time such Subsidiary Guarantor is no longer a Subsidiary or released and immediately after giving effect thereto, the Guaranty of such Guarantor is no longer not required to be a Subsidiary Guarantor pursuant to the terms of this Agreementby Section 5.09.

Appears in 1 contract

Sources: Term Loan Agreement (Keurig Dr Pepper Inc.)

Further, the Administrative Agent. may (and is hereby irrevocably authorized by each Lender to), upon the request of the CompanyBorrower and at its expense, release any Subsidiary Guarantor from its obligations under the Guaranty if such Subsidiary Guarantor is no longer a Subsidiary or is no longer required ceases to be a Subsidiary Guarantor pursuant to the terms of this AgreementMaterial Subsidiary.

Appears in 1 contract

Sources: Credit Agreement (Grindr Inc.)

Further, the Administrative Agent. may (and is hereby irrevocably authorized by each Lender to), upon the request of the Company, release any Subsidiary Guarantor from its obligations under the Subsidiary Guaranty if such Subsidiary Guarantor is no longer a Subsidiary or is no longer required to be a Subsidiary Guarantor pursuant to the terms of this AgreementMaterial Subsidiary.

Appears in 1 contract

Sources: Credit Agreement (Esco Technologies Inc)