Common use of Guaranteed Cash Management Agreements and Guaranteed Hedge Agreements Clause in Contracts

Guaranteed Cash Management Agreements and Guaranteed Hedge Agreements. Except as otherwise expressly set forth herein, no Cash Management Bank or Hedge Bank that obtains the benefit of the provisions of Section 8.03 or the Guaranty by virtue of the provisions hereof or of the Guaranty shall have any right to notice of any action or to consent to, direct or object to any action hereunder or under any other Loan Document (or to notice of or to consent to any amendment, waiver or modification of the provisions hereof or of the Guaranty) other than in its capacity as a Lender and, in such case, only to the extent expressly provided in the Loan Documents. Notwithstanding any other provision of this Article IX to the contrary, the Administrative Agent shall not be required to verify the payment of, or that other satisfactory arrangements have been made with respect to, Obligations arising under Guaranteed Cash Management Agreements and Guaranteed Hedge Agreements unless the Administrative Agent has received written notice of such Obligations, together with such supporting documentation as the Administrative Agent may request, from the applicable Cash Management Bank or Hedge Bank, as the case may be.

Appears in 1 contract

Samples: Guaranty Agreement (O Reilly Automotive Inc)

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Guaranteed Cash Management Agreements and Guaranteed Hedge Agreements. Except as otherwise expressly set forth herein, no (a) No Cash Management Bank or Hedge Bank that obtains the benefit of the provisions benefits of Section 8.03 or 7.7, the Guaranty Guarantees by virtue of the provisions hereof or of the any Guaranty shall have any right to notice of any action or to consent to, direct or object to any action hereunder or under any other Loan Credit Document (or to notice of or to consent to any amendment, waiver or modification otherwise in respect of the provisions hereof Guaranties (including the release or impairment of the Guarantyany Guaranties) other than in its capacity as a Lender and, in such case, only to the extent expressly provided in the Loan Credit Documents. Notwithstanding any other provision of this Article IX to the contrary, the Administrative Agent shall not be required to verify the payment of, or that other satisfactory arrangements have been made with respect to, Obligations arising under Guaranteed Cash Management Agreements and Guaranteed Hedge Agreements unless the Administrative Agent has received written notice of such Obligationsobligations, together with such supporting documentation as the Administrative Agent may request, from the applicable Cash Management Bank or Hedge Bank, as the case may be.

Appears in 1 contract

Samples: Credit Agreement (Transocean Ltd.)

Guaranteed Cash Management Agreements and Guaranteed Hedge Agreements. Except as otherwise expressly set forth hereinin any Guaranty, no Cash Management Bank or Hedge Bank that obtains the benefit of the provisions benefits of Section 8.03 or the 8.03, any Guaranty by virtue of the provisions hereof or of the any Guaranty shall have any right to notice of any action or to consent to, direct or object to any action hereunder or under any other Loan Document (or to notice of or to consent to any amendment, waiver or modification of the provisions hereof or of the Guaranty) other than in its capacity as a Lender and, in such case, only to the extent expressly provided in the Loan Documents. Notwithstanding any other provision of this Article IX to the contrary, the Administrative Agent shall not be required to verify the payment of, or that other satisfactory arrangements have been made with respect to, Obligations arising under Guaranteed Cash Management Agreements and Guaranteed Hedge Agreements unless the Administrative Agent has received written notice of such Obligations, together with such supporting documentation as the Administrative Agent may request, from the applicable Cash Management Bank or Hedge Bank, as the case may be.

Appears in 1 contract

Samples: Credit Agreement (Core Laboratories N V)

Guaranteed Cash Management Agreements and Guaranteed Hedge Agreements. Except as otherwise expressly set forth herein, no No Cash Management Bank or Hedge Bank that obtains the benefit of the provisions benefits of Section 8.03 or 8.04, the Guaranty by virtue of the provisions hereof guaranties provided in Article VII or of the Guaranty any other guaranty shall have any right to notice of any action or to consent to, direct or object to any action hereunder or under any other Loan Document or otherwise in respect of such guaranties (including the release or to notice impairment of or to consent to any amendment, waiver or modification of the provisions hereof or of the Guarantyguaranties) other than in its capacity as a Lender and, in such case, only to the extent expressly provided in the Loan Documents. Notwithstanding any other provision of this Article IX to the contrary, the Administrative Agent shall not be required to verify the payment of, or that other satisfactory arrangements have been made with respect to, Obligations arising under Guaranteed Cash Management Agreements and Guaranteed Hedge Agreements unless the Administrative Agent has received written notice of such Obligationsobligations, together with such supporting documentation as the Administrative Agent may request, from the applicable Cash Management Bank or Hedge Bank, as the case may be.

Appears in 1 contract

Samples: Credit Agreement (Nabors Industries LTD)

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Guaranteed Cash Management Agreements and Guaranteed Hedge Agreements. Except as otherwise expressly set forth herein, no No Cash Management Bank or Hedge Bank that obtains the benefit of the provisions benefits of Section 8.03 or the any Guaranty by virtue of the provisions hereof or of the any Guaranty shall have any right to notice of any action or to consent to, direct or object to any action hereunder or under any other Loan Document or otherwise in respect of any Guarantor (including the release or to notice impairment of or to consent to any amendment, waiver or modification of the provisions hereof or of the GuarantyGuarantor) other than in its capacity as a Lender and, in such case, only to the extent expressly provided in the Loan Documents. Notwithstanding any other provision of this Article IX to the contrary, the Administrative Agent shall not be required to verify the payment of, or that other satisfactory arrangements have been made with respect to, Obligations arising under Guaranteed Cash Management Agreements and Guaranteed Hedge Agreements unless the Administrative Agent has received written notice of such Obligations, together with such supporting documentation as the Administrative Agent may request, from the applicable Cash Management Bank or Hedge Bank, as the case may be.

Appears in 1 contract

Samples: Credit Agreement (Amerigon Inc)

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