Common use of Guaranty Matters Clause in Contracts

Guaranty Matters. Each Lender and the L/C Issuer hereby irrevocably authorizes Agent, at its option and in its discretion, to release any Guarantor from its obligations under the Guaranty if such Person ceases to be a Subsidiary as a result of a transaction permitted hereunder. Upon request by Agent at any time, each Lender and the L/C Issuer will confirm in writing Agent’s authority to release any Guarantor from its obligations under the Guaranty pursuant to this Section 9.10.

Appears in 22 contracts

Samples: Credit Agreement (Resmed Inc), Credit Agreement, Assignment and Assumption (Resmed Inc)

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Guaranty Matters. Each Lender The Lenders and the L/C Issuer hereby irrevocably authorizes authorize the Administrative Agent, at its option and in its discretion, to release any Guarantor from its obligations under the Guaranty if such Person ceases to be a Subsidiary as a result of a transaction permitted hereunder. Upon request by the Administrative Agent at any time, each Lender and the L/C Issuer Required Lenders will confirm in writing the Administrative Agent’s authority to release any Guarantor from its obligations under the Guaranty pursuant to this Section 9.10.

Appears in 20 contracts

Samples: Credit Agreement (Piedmont Natural Gas Co Inc), Credit Agreement (Tidewater Inc), Credit Agreement (Piedmont Natural Gas Co Inc)

Guaranty Matters. Each Lender The Lenders and the L/C Issuer hereby irrevocably authorizes authorize the Administrative Agent, at its option and in its discretion, to release any Guarantor from its obligations under the Guaranty if such Person ceases to be a Subsidiary as a result of a transaction permitted hereunder. Upon request by the Administrative Agent at any time, each Lender and the L/C Issuer Required Lenders will confirm in writing the Administrative Agent’s authority to release any Guarantor from its obligations under the Guaranty Guaranty, pursuant to this Section 9.1010.10.

Appears in 11 contracts

Samples: Credit Agreement (Brady Corp), Credit Agreement (Brady Corp), Credit Agreement (Navigant Consulting Inc)

Guaranty Matters. Each Lender and The Lenders irrevocably authorize the L/C Issuer hereby irrevocably authorizes Agent, at its option and in its discretion, to release any Guarantor from its obligations under the Guaranty Guaranties if such Person ceases to be a Subsidiary of the Borrower as a result of a transaction permitted hereunder. Upon request by the Agent at any time, each Lender and the L/C Issuer Required Lenders will confirm in writing the Agent’s authority to release any Guarantor from its obligations under the Guaranty pursuant to this Section 9.1014.9.

Appears in 9 contracts

Samples: Credit Agreement (Williams Sonoma Inc), Credit Agreement (Williams Sonoma Inc), Day Credit Agreement (Williams Sonoma Inc)

Guaranty Matters. Each Lender and the L/C Issuer hereby irrevocably authorizes Agent, at its option and in its discretion, to release any Guarantor from its obligations under the Guaranty if such Person ceases to be a Subsidiary as a result of a transaction permitted hereunder. Upon request by Agent at any time, each Lender and the L/C Issuer will confirm in writing Agent’s authority to release any Guarantor from its obligations under the Guaranty pursuant to this Section 9.10.

Appears in 8 contracts

Samples: Syndicated Facility Agreement (Resmed Inc), Credit Agreement, Syndicated Facility Agreement (Resmed Inc)

Guaranty Matters. Each Lender and the L/C Issuer hereby irrevocably authorizes Agent, at its option and in its discretion, to release any Guarantor from its obligations under the Guaranty if such Person ceases to be a Subsidiary as a result of a transaction permitted hereunder. Upon request by Agent at any time, each Lender and the L/C Issuer will confirm in writing Agent’s authority to release any Guarantor from its obligations under the Guaranty pursuant to this Section 9.109.11.

Appears in 5 contracts

Samples: Credit Agreement (Gulfport Energy Corp), Credit Agreement (Quidel Corp /De/), Credit Agreement (Planar Systems Inc)

Guaranty Matters. Each Lender and the L/C Issuer hereby irrevocably authorizes Agent, at its option and in its discretion, to release any Guarantor from its obligations under the Guaranty if such Person ceases to be a Subsidiary as a result of a transaction permitted hereunder. Upon request by Agent at any time, each Lender and the L/C Issuer will confirm in writing Agent’s 's authority to release any Guarantor from its obligations under the Guaranty pursuant to this Section 9.10.

Appears in 3 contracts

Samples: Credit Agreement (Insituform Technologies Inc), Credit Agreement (Northwest Pipe Co), Credit Agreement (North American Galvanizing & Coatings Inc)

Guaranty Matters. Each Lender and the L/C Issuer Issuing Lender hereby irrevocably authorizes the Agent, at its option and in its discretion, to release any Guarantor from its obligations under the Guaranty if such Person ceases to be a Subsidiary as a result of a transaction permitted hereunder. Upon request by the Agent at any time, each Lender and the L/C Issuer Issuing Lender will confirm in writing the Agent’s authority to release any Guarantor from its obligations under the Guaranty pursuant to this Section 9.1010.11.

Appears in 3 contracts

Samples: Credit and Security Agreement (Ameresco, Inc.), Credit and Security Agreement (Ameresco, Inc.), Credit and Security Agreement (Ameresco, Inc.)

Guaranty Matters. Each Lender (including in its capacities as a potential Hedge Bank and a potential Cash Management Bank) and the L/C Issuer hereby irrevocably authorizes Administrative Agent, at its option and in its discretion, to release any Guarantor from its obligations under the Guaranty if such Person ceases to be a Subsidiary as a result of a transaction permitted hereunder. Upon request by Administrative Agent at any time, each Lender and the L/C Issuer will confirm in writing Administrative Agent’s authority to release any Guarantor from its obligations under the Guaranty pursuant to this Section 9.10.

Appears in 3 contracts

Samples: Credit Agreement (Mistras Group, Inc.), Credit Agreement (Mistras Group, Inc.), Credit Agreement (Mistras Group, Inc.)

Guaranty Matters. Each Lender and the L/C Issuer hereby irrevocably authorizes Administrative Agent, at its option and in its discretion, to release any Guarantor from its obligations under the Guaranty if such Person ceases to be a Subsidiary as a result of a transaction permitted hereunder. Upon request by Administrative Agent at any time, each Lender and the L/C Issuer will confirm in writing Administrative Agent’s authority to release any Guarantor from its obligations under the Guaranty pursuant to this Section 9.10.

Appears in 2 contracts

Samples: Assignment and Assumption (Celadon Group Inc), Credit Agreement (Goldleaf Financial Solutions Inc.)

Guaranty Matters. Each Lender and the L/C Issuer hereby irrevocably authorizes Agent, at its option and in its discretion, to release any Guarantor from its obligations under the Guaranty if such Person ceases to be a Subsidiary as a result of a transaction permitted hereunder. Upon request by Agent at any time, each Lender and the L/C Issuer will confirm in writing Agent’s 's authority to release any Guarantor from its obligations under the Guaranty pursuant to this Section 9.109.11.

Appears in 2 contracts

Samples: Credit Agreement (Micros Systems Inc), Credit Agreement (SCB Computer Technology Inc)

Guaranty Matters. Each Lender (including in such Lender’s capacity as a potential Cash Management Bank and a potential Hedge Bank) and the L/C Issuer hereby irrevocably authorizes Agent, at its option and in its discretion, to release any Guarantor from its obligations under the Guaranty if such Person ceases to be a Subsidiary as a result of a transaction permitted hereunder. Upon request by Agent at any time, each Lender and the L/C Issuer will confirm in writing Agent’s authority to release any Guarantor from its obligations under the Guaranty pursuant to this Section 9.10.

Appears in 2 contracts

Samples: Credit Agreement (Greenway Medical Technologies Inc), Credit Agreement (Greenway Medical Technologies Inc)

Guaranty Matters. Each Lender So long as no Event of Default exists or would result therefrom, the Lenders and the L/C Issuer hereby irrevocably authorizes authorize the Agent, at its option and in its discretion, to release any Guarantor from its obligations under the Guaranty if such Person ceases to be a Material Domestic Subsidiary as a result of a transaction permitted hereunderunder the Loan Documents. Upon request by the Agent at any time, each Lender and the L/C Issuer Required Lenders will confirm in writing the Agent’s authority to release any Guarantor from its obligations under the Guaranty pursuant to this Section 9.109.09.

Appears in 2 contracts

Samples: Security Agreement (Matson, Inc.), Credit Agreement (Alexander & Baldwin Holdings, Inc.)

Guaranty Matters. Each Lender and the L/C Issuer hereby hereby: (a) irrevocably authorizes Agent, at its option and in its discretion, to release any Guarantor from its obligations under the a Guaranty if such Person ceases to be a Subsidiary Guarantor as a result of a transaction permitted hereunder. Upon ; and (b) agrees that, upon request by Agent at any time, each Lender and the L/C Issuer it will confirm in writing Agent’s authority to release any such Guarantor from its obligations under the Guaranty pursuant to this Section 9.1013.10.

Appears in 2 contracts

Samples: Loan and Security Agreement (Hansen Medical Inc), Loan and Security Agreement (Hansen Medical Inc)

Guaranty Matters. Each Lender The Lenders and the L/C Issuer hereby LC Issuers irrevocably authorizes authorize each Agent, at its option and in its discretion, to release any Guarantor from its obligations under the Guaranty if such Person ceases to be a Subsidiary as a result of a transaction permitted hereunderhereunder or as otherwise expressly provided in any Loan Document. Upon request by an Agent at any time, each Lender and the L/C Issuer Majority Lenders will confirm in writing an Agent’s authority to release any Guarantor from its obligations under the Guaranty pursuant to this Section 9.109.9.

Appears in 2 contracts

Samples: Credit Agreement (Plains All American Pipeline Lp), Credit Agreement (Plains All American Pipeline Lp)

Guaranty Matters. Each Lender and the L/C Issuer hereby irrevocably authorizes Agent, at its option and in its discretion, ; to release any Guarantor from its obligations under the Guaranty if such Person ceases to be a Material Subsidiary as a result of a transaction permitted hereunder. Upon request by Agent at any time, each Lender and the L/C Issuer will confirm in writing Agent’s authority to release any Guarantor from its obligations under the its Affiliate Guaranty pursuant to this Section 9.1010.10.

Appears in 2 contracts

Samples: Credit Agreement (American Vanguard Corp), Credit Agreement (American Vanguard Corp)

Guaranty Matters. Each Lender and the L/C Issuer hereby irrevocably authorizes Agent, at its option and in its discretion, to release any Guarantor from its obligations under the Guaranty if such Person ceases to be a Subsidiary as a result of a transaction permitted hereunder. Upon request by Agent at any time, each Lender and the L/C Issuer will confirm in writing Agent’s authority to release any Guarantor from its obligations under the Guaranty pursuant to this Section 9.10.

Appears in 2 contracts

Samples: Credit Agreement (Azz Inc), Credit Agreement (Powerwave Technologies Inc)

Guaranty Matters. Each Lender of the Lenders and the L/C Issuer hereby irrevocably authorizes authorize the Agent, at its option and in its discretion, to release any Guarantor from its obligations under the Guaranty if such Person ceases to be a Subsidiary as a result of a transaction permitted hereunder. Upon request by the Agent at any time, each Lender and the L/C Issuer Required Lenders will confirm in writing the Agent’s authority to release any Guarantor from its obligations under the Guaranty pursuant to this Section 9.10.

Appears in 1 contract

Samples: Credit Agreement (Littelfuse Inc /De)

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Guaranty Matters. Each Lender and the L/C Issuer hereby irrevocably authorizes Agent, at its option the Agent to execute and in its discretion, to release deliver documents formally releasing any Guarantor from its obligations under the Guaranty if such Person ceases to be a Subsidiary as a result of a transaction permitted hereunderis released from its obligations thereunder under Section 9.12. Upon request by the Agent at any time, each Lender and the L/C Issuer will confirm in writing the Agent’s 's authority to release any Guarantor from its obligations under the Guaranty pursuant to this Section 9.108.10.

Appears in 1 contract

Samples: Residential Funding Corp

Guaranty Matters. Each Lender The Lenders and the L/C Issuer hereby LC Issuers irrevocably authorizes authorize each Agent, at its option and in its discretion, to release any Guarantor from its obligations under the Guaranty if such Person ceases to be a Subsidiary as a result of a transaction permitted hereunderhereunder or as otherwise expressly provided in any Loan Document. Upon request by an Agent at any time, each Lender and the L/C Issuer Majority Lenders will confirm in writing an Agent’s 's authority to release any Guarantor from its obligations under the Guaranty pursuant to this Section 9.109.9.

Appears in 1 contract

Samples: Credit Agreement (Plains All American Pipeline Lp)

Guaranty Matters. Each Lender and the L/C Issuer hereby irrevocably authorizes Agent, at its option and in its discretion, to release any Guarantor from its obligations under the Guaranty if such Person ceases to be a Subsidiary as a result of a transaction permitted hereunder. Upon request by Agent at any time, each Lender and the L/C Issuer will confirm in writing Agent’s authority to release any Guarantor from its obligations under enter into the Guaranty pursuant to transactions described in this Section 9.10.

Appears in 1 contract

Samples: Credit Agreement (MV Partners LLC)

Guaranty Matters. Each Lender and the L/C Issuer hereby irrevocably authorizes Agent, at its option and in its discretion, to release any Guarantor from its obligations under the Guaranty if such Person ceases to be a Subsidiary as a result of a transaction permitted hereunder. Upon request by Agent at any time, each Lender and the L/C Issuer will confirm in writing Agent’s 's authority to release any Guarantor from its obligations under enter into the Guaranty pursuant to transactions described in this Section 9.10.

Appears in 1 contract

Samples: Credit Agreement (MV Oil Trust)

Guaranty Matters. Each Lender and the L/C Issuer hereby irrevocably authorizes Agent, at its option and in its discretion, to release any Guarantor Guarantor, if any, from its obligations under the a Guaranty if such Person ceases to be a Subsidiary or has Disposed of all or substantially all of its assets, in each case as a result of a transaction permitted hereunder. Upon request by Agent at any time, each Lender and the L/C Issuer will confirm in writing Agent’s authority to release any Guarantor Guarantor, if any, from its obligations under the Guaranty pursuant to this Section 9.10.

Appears in 1 contract

Samples: Credit Agreement (InfuSystem Holdings, Inc)

Guaranty Matters. Each Lender and the L/C Issuer hereby irrevocably authorizes Agent, at its option and in its discretion, to release any Guarantor from its obligations under the Guaranty if such Person ceases to be a Subsidiary as a result of a transaction permitted hereunder. Upon request by Agent at any time, each Lender and the L/C Issuer will confirm in writing Agent’s 's authority to release any Guarantor from its obligations under enter into the Guaranty pursuant to transactions described in this Section 9.10.

Appears in 1 contract

Samples: Credit Agreement (MV Partners LLC)

Guaranty Matters. Each Lender The Lenders and the L/C Issuer hereby irrevocably authorizes authorize the Agent, at its option and in its discretion, to release any Guarantor from its obligations under the Guaranty if such Person ceases to be a Subsidiary as a result of a transaction permitted hereunder, including if such Guarantor no longer owns any Borrowing Base Property and is therefore no longer required to be a Guarantor. Upon request by the Agent at any time, each Lender and the L/C Issuer Requisite Lenders will confirm in writing the Agent’s authority to release any Guarantor from its obligations under the Guaranty pursuant to this Section 9.10§14.10.

Appears in 1 contract

Samples: Credit Agreement (Monmouth Real Estate Investment Corp)

Guaranty Matters. Each Lender and the each L/C Issuer hereby irrevocably authorizes Agent, at its option and in its discretion, to release any Guarantor from its obligations under the Guaranty if such Person ceases to be a Subsidiary as a result of a transaction permitted hereunder. Upon request by Agent at any time, each Lender and the each L/C Issuer will confirm in writing Agent’s authority to release any Guarantor from its obligations under the Guaranty pursuant to this Section 9.10.

Appears in 1 contract

Samples: Credit Agreement (Azz Inc)

Guaranty Matters. Each Lender of the Lenders (including in its capacities as a potential Cash Management Bank and a potential Hedge Bank) and the L/C Issuer hereby irrevocably authorizes authorize the Agent, at its option and in its discretion, to release any Guarantor from its obligations under the Guaranty if such Person ceases to be a Subsidiary as a result of a transaction permitted hereunder. Upon request by the Agent at any time, each Lender and the L/C Issuer Required Lenders will confirm in writing the Agent’s authority to release any Guarantor from its obligations under the Guaranty pursuant to this Section 9.10.

Appears in 1 contract

Samples: Credit Agreement (Littelfuse Inc /De)

Guaranty Matters. Each Lender and the L/C Issuer hereby irrevocably authorizes Agent, at its option and in its discretion, to release any Guarantor from its obligations under the Guaranty if such Person ceases to be a Material Subsidiary as a result of a transaction permitted hereunder. Upon request by Agent at any time, each Lender and the L/C Issuer will confirm in writing Agent’s authority to release any Guarantor from its obligations under the Guaranty pursuant to this Section 9.10.

Appears in 1 contract

Samples: Credit Agreement (American Vanguard Corp)

Guaranty Matters. Each Lender and the L/C Issuer hereby irrevocably authorizes Agent, at its option and in its discretion, to release any Guarantor from its obligations under the Guaranty if such Person ceases to be a Material Subsidiary as a result of a transaction permitted hereunder. Upon request by Agent at any time, each Lender and the L/C Issuer will confirm in writing Agent’s authority to release any Guarantor from its obligations under the Guaranty pursuant to this Section 9.1010.10.

Appears in 1 contract

Samples: Credit Agreement (American Vanguard Corp)

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