Common use of Release of Guaranty Clause in Contracts

Release of Guaranty. The Administrative Agent shall have received evidence that Borrower has delivered an officers’ certificate and an opinion of counsel to HSBC Bank USA, National Association, each stating that the Borrower has complied with all conditions precedent to the release of Borrower as a Subsidiary Guarantor under that certain (i) the Third Supplemental Indenture dated as of March 27, 2012 to Senior Debt Indenture dated as of July 20, 2007, and (ii) the Fourth Supplemental Indenture dated as of November 26, 2012 to Senior Debt Indenture dated as of July 20, 2007, and (iii) all other supplemental indentures to the Senior Debt Indenture dated as of July 20, 2007, in form and substance reasonably satisfactory to the Administrative Agent.

Appears in 4 contracts

Samples: Credit Agreement (Manitex International, Inc.), Credit Agreement (A.S.V., LLC), Credit Agreement (Manitex International, Inc.)

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