Common use of Release of Collateral or Guarantor Clause in Contracts

Release of Collateral or Guarantor. Except in connection with actions permitted by Section 9.6 or Section 9.7, release (i) any Collateral consisting of capital stock or other ownership interests of any Loan Party or its Subsidiary, (ii) substantially all of the assets of any Loan Party, (iii) any Guarantor from its Obligations under the Guaranty Agreement; or

Appears in 2 contracts

Samples: Credit Agreement (Calgon Carbon Corporation), Credit Agreement (Calgon Carbon Corporation)

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Release of Collateral or Guarantor. Except in connection with actions for sales of assets permitted by Section 9.6 7.2.7 [Disposition of Assets or Subsidiaries] and the releases permitted in Section 9.79.20 [Certain Releases of Guarantors and Collateral], release (i) any Collateral consisting of capital stock or other ownership interests of any Loan Party or its Subsidiary, (ii) Subsidiary or substantially all of the assets of any Loan Party, (iii) any Guarantor from its Obligations under the Guaranty Agreement; Agreement or Parent Guaranty Agreement or any other security for any of the Loan Parties’ Obligations or

Appears in 2 contracts

Samples: Credit Agreement (Penn Virginia Resource Partners L P), Credit Agreement (Penn Virginia Resource Partners L P)

Release of Collateral or Guarantor. Except in connection with actions for sales of assets permitted by Section 9.6 or Section 9.77.2.7, release (i) any Collateral consisting of capital stock or other ownership interests of any Loan Party or its Subsidiary, (ii) Subsidiary or substantially all of the assets of any Loan Party, (iii) any Guarantor from its Obligations under the Guaranty AgreementAgreement or any other security for any of the Loan Parties' Obligations Agreements; or

Appears in 1 contract

Samples: Credit Agreement (Ptek Holdings Inc)

Release of Collateral or Guarantor. Except in connection with actions for sales of assets permitted by Section 9.6 7.2.6 [Dispositions of Assets or Section 9.7Subsidiaries], release (i) any Collateral consisting of capital stock or other ownership interests of any Loan Party or its Subsidiary, (ii) Subsidiary or substantially all of the assets of any Loan Party, (iii) any Guarantor from its Obligations under the Guaranty AgreementAgreement or any other security for any of the Loan Parties' Obligations; or

Appears in 1 contract

Samples: Credit Agreement (Champion Enterprises Inc)

Release of Collateral or Guarantor. Except in connection with actions for sales of assets permitted by Section 9.6 7.2.7 [Dispositions of Assets or Section 9.7Subsidiaries], release (i) any Collateral consisting of capital stock or other ownership interests of any Loan Party or its Subsidiary, (ii) Subsidiaries or substantially all of the assets of any Loan Party, (iii) any release any Guarantor from its Obligations under the Guaranty Agreement; or

Appears in 1 contract

Samples: Credit Agreement (Independent Gasoline & Oil Co of Rochester)

Release of Collateral or Guarantor. Except in connection with actions for sales of assets permitted by Section 9.6 7.2.7 [Disposition of Assets or Section 9.7Subsidiaries], release (i) any Collateral consisting of capital stock or other ownership interests of any Loan Party or its Subsidiary, (ii) Subsidiary or substantially all of the assets of any Loan Party, (iii) any Guarantor from its Obligations under the Guaranty Agreement or any other security for any of the Loan Parties' Obligations or (ii) any of the Pledged Collateral except upon sale thereof by the Borrowers to the extent permitted by and subject to the terms of the Pledge Agreement; or

Appears in 1 contract

Samples: Pledge Agreement (Internet Capital Group Inc)

Release of Collateral or Guarantor. Except in connection with actions for sales of assets permitted by Section 9.6 or Section 9.77.2.7, release (i) any Collateral consisting of capital stock or other ownership interests of any Loan Party or its Subsidiary, (ii) Subsidiary or substantially all of the assets of any Loan Party, (iii) Party any Guarantor from its Obligations under the Guaranty AgreementAgreement or any other security for any of the Loan Parties' Obligations; or

Appears in 1 contract

Samples: Credit Agreement (Audio Communications Network Inc)

Release of Collateral or Guarantor. Except in connection with actions for sales of assets permitted by Section 9.6 8.2.7 [Disposition of Assets or Subsidiaries] or as provided in Section 9.75.7.2 [Termination of Liens], release (i) any Collateral consisting of capital stock or other ownership interests of any Loan Party or its Subsidiary, (ii) Subsidiary or substantially all of the assets of any Loan Party, (iii) any Guarantor from its Obligations under the Guaranty AgreementAgreement or any other security for any of the Loan Parties' Obligations; or

Appears in 1 contract

Samples: Credit Agreement (Corrpro Companies Inc /Oh/)

Release of Collateral or Guarantor. Except in connection with actions for sales of assets permitted by Section 9.6 8.2.7 [Disposition of Assets or Section 9.7Subsidiaries], release (i) any Collateral consisting of capital stock or other ownership interests of any Loan Party or its Subsidiary, (ii) substantially all Subsidiary or any material portion of the assets of any Loan Party, (iii) any Guarantor from its Obligations under the Guaranty AgreementAgreement or any other security for any of the Loan Parties' Obligations; or

Appears in 1 contract

Samples: Credit Agreement (Standard Automotive Corp)

Release of Collateral or Guarantor. Except in connection with actions for sales of assets permitted by Section 9.6 7.2.7 [Dispositions of Assets or Section 9.7Subsidiaries], release (i) any Collateral consisting of capital stock or other ownership interests of any Loan Party or its Subsidiary, (ii) Subsidiaries or substantially all of the assets of any Loan Party, (iii) any Guarantor from its Obligations under the Guaranty Agreement; or

Appears in 1 contract

Samples: Credit Agreement (Vulcan Asphalt Refining Corp)

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Release of Collateral or Guarantor. Except in connection with actions for sales of assets permitted by Section 9.6 or Section 9.78.2.7, release (i) any Collateral consisting of capital stock or other ownership interests of any Loan Party or its Subsidiary, (ii) Subsidiary or substantially all of the assets of any Loan Party, (iii) any Guarantor from its Obligations under the Guaranty Agreement.Guaranty Agreement or any other security for any of the Loan Parties' Obligations; or

Appears in 1 contract

Samples: Credit Agreement (Whiteford Partners L P)

Release of Collateral or Guarantor. Except in connection with actions for sales of assets permitted by Section 9.6 8.2.7 [Disposition of Assets or Section 9.7Subsidiaries], release (i) any Collateral consisting of capital stock or other ownership interests of any Loan Party or its Subsidiary, (ii) Subsidiary or substantially all of the assets of any Loan Party, (iii) any Guarantor from its Obligations under the Guaranty AgreementAgreement or Parent Guaranty Agreement or any other security for any of the Loan Parties’ Obligations; or

Appears in 1 contract

Samples: Credit Agreement (Penn Virginia Resource Partners L P)

Release of Collateral or Guarantor. Except in connection with actions for sales of assets permitted by Section 9.6 8.2.7 [Disposition of Assets or Section 9.7Subsidiaries], release (i) any Collateral consisting of capital stock or other ownership interests of any Loan Party or its Subsidiary, (ii) Subsidiary or substantially all of the assets of any Loan Party, (iii) any Guarantor from its Obligations under the Guaranty AgreementAgreement or any other security for any of the Loan Parties’ Obligations; or

Appears in 1 contract

Samples: Credit Agreement (Westmoreland Coal Co)

Release of Collateral or Guarantor. Except in connection with actions for sales of assets permitted by Section 9.6 8.2.7 [Disposition of Assets or Section 9.7Subsidiaries], release (i) any Collateral consisting of capital stock or other ownership interests of any Loan Party or its Subsidiary, (ii) substantially all of the assets of any Loan Party, (iii) Subsidiary or release any Guarantor from its Obligations under the Guaranty AgreementAgreement or any other security for any of the Loan Parties’ Obligations; or

Appears in 1 contract

Samples: Credit Agreement (Ii-Vi Inc)

Release of Collateral or Guarantor. Except in connection with actions for sales of assets permitted by Section 9.6 7.2.7 [Dispositions of Assets or Section 9.7Subsidiaries], release (i) any Collateral consisting of capital stock or other ownership -84- interests of any Loan Party or its Subsidiary, (ii) Subsidiaries or substantially all of the assets of any Loan Party, (iii) any Guarantor from its Obligations under the Guaranty AgreementAgreement or any other security for any of the Loan Parties' Obligations; or

Appears in 1 contract

Samples: Credit Agreement (Bell Oil Corp)

Release of Collateral or Guarantor. Except in connection with actions for sales of assets permitted by Section 9.6 8.2.7 [Disposition of Assets or Section 9.7Subsidiaries], release (i) (x) any Collateral consisting of capital stock or other ownership interests of any Loan Party or its Subsidiary, (ii) substantially all of the assets of any Loan Party, (iiiy) any Guarantor from its Obligations under the Guaranty AgreementAgreement or (z) any other security for any of the Loan Parties' Obligations or (ii) any of the Pledged Collateral except upon sale thereof by the Borrowers to the extent permitted by and subject to the terms of the Security Agreement (Special Collateral Account); or

Appears in 1 contract

Samples: Credit Agreement (Internet Capital Group Inc)

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