Common use of Release of Loan Guarantors Clause in Contracts

Release of Loan Guarantors. A Subsidiary Party shall automatically be released from its obligations hereunder and its Loan Guaranty shall be automatically released in the circumstances described in Article 8 and Section 9.22

Appears in 8 contracts

Samples: Security Agreement (Isos Acquisition Corp.), Security Agreement (Isos Acquisition Corp.), SB/RH Holdings, LLC

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Release of Loan Guarantors. A Subsidiary Party shall automatically be released from its obligations hereunder and its Loan Guaranty shall be automatically released in the circumstances described in Article 8 and Section 9.229.23

Appears in 1 contract

Samples: Credit Agreement (INC Research Holdings, Inc.)

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Release of Loan Guarantors. A Subsidiary Party shall automatically be released from its obligations hereunder and its Loan Guaranty shall be automatically released in the circumstances described in Article 8 and Section 9.229.22 of the Credit Agreement. In connection with any such release, the Administrative Agent shall promptly execute and deliver to any Loan Guarantor, at such Loan Guarantor’s expense, all documents that such Loan Guarantor shall reasonably request to evidence such termination or release. Any execution and delivery of documents pursuant to the preceding sentence of this Section 3.14 shall be without recourse to or warranty by the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Wanda Sports Group Co LTD)

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