Common use of Release of Collateral or Guarantor Clause in Contracts

Release of Collateral or Guarantor. Except for sales of assets permitted by Section 8.2.7 [Disposition of Assets or Subsidiaries], release any Collateral consisting of capital stock or other ownership interests of any Loan Party or its Subsidiary or substantially all of the assets of any Loan Party, any Guarantor from its Obligations under the Guaranty Agreement or any other security for any of the Loan Parties' Obligations; or

Appears in 3 contracts

Samples: Credit Agreement (Compudyne Corp), Credit Agreement (Grubb & Ellis Co), Credit Agreement (Ii-Vi Inc)

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Release of Collateral or Guarantor. Except for sales of assets permitted by Section 8.2.7 [Disposition of Assets or Subsidiaries], release Release any Collateral consisting of capital stock or other ownership interests of any Loan Party or its Subsidiary or substantially all of the assets of any Loan Party, any Guarantor from its Obligations under the Guaranty Agreement or any other security for any of the Loan Parties' Obligations, except for releases of Collateral pursuant to Section 8.1.13.2; or

Appears in 2 contracts

Samples: Credit Agreement (Glatfelter P H Co), Credit Agreement (Glatfelter P H Co)

Release of Collateral or Guarantor. Except for sales of assets permitted by Section 8.2.7 7.2.8 [Disposition of Assets or Subsidiaries], release any Collateral consisting of capital stock or other ownership interests of any Loan Party or its Subsidiary or substantially all of the assets of any Loan Party, any Guarantor from its Obligations under the Guaranty Agreement or any other security for any of the Loan Parties' Obligations; or

Appears in 1 contract

Samples: Credit Agreement (Key Energy Services Inc)

Release of Collateral or Guarantor. Except for sales of assets permitted by Section 8.2.7 [Disposition of Assets or Subsidiaries], release any Collateral consisting of capital stock or other ownership interests of any Loan Party or its Subsidiary or substantially all of the assets of any Loan PartySubsidiary, any Guarantor from its Obligations under the Guaranty Agreement or any other security for any of the Loan Parties' Obligations. Without the written consent of all the Banks, no agreement, waiver or consent which releases substantially all of the assets of any Loan Party shall be effective; or

Appears in 1 contract

Samples: Credit Agreement (Linc Net Inc)

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Release of Collateral or Guarantor. Except for transactions permitted by Section 7.2.6 [Liquidations, Mergers etc.] and for sales of assets permitted by Section 8.2.7 7.2.7 [Disposition of Assets or Subsidiaries], release any Collateral consisting of capital stock or other ownership interests of any Loan Party or its Subsidiary or substantially all of the assets of any Loan Party, any Guarantor from its Obligations under the Guaranty Agreement or any other security for any of the Loan Parties' Obligations; or

Appears in 1 contract

Samples: Credit Agreement (Blair Corp)

Release of Collateral or Guarantor. Except for sales of assets permitted by Section 8.2.7 [Disposition of Assets or Subsidiaries], release any Collateral consisting of capital stock or other ownership interests of any Loan Party or its Subsidiary or substantially all of the assets of any Loan Party, or any Guarantor from its Obligations under the Guaranty Agreement or any other security for any of the Loan Parties' ObligationsAgreement; or

Appears in 1 contract

Samples: Credit Agreement (Lone Star Technologies Inc)

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