Common use of Release of Loan Guarantors Clause in Contracts

Release of Loan Guarantors. Notwithstanding anything in Section 9.02(b) to the contrary a Subsidiary Guarantor shall automatically be released from its obligations hereunder and its Loan Guaranty shall be automatically released upon the consummation of any transaction permitted hereunder if as a result thereof such Subsidiary Guarantor is no longer required to be a Subsidiary Guarantor. In connection with any such release, the Agents shall execute and deliver to any Subsidiary Guarantor, at such Subsidiary Guarantor’s expense, all documents that such Subsidiary Guarantor shall reasonably request to evidence such termination or release. Any execution and delivery of documents pursuant to the preceding sentence of this Section 10.12 shall be without recourse to or warranty by the Agents.

Release of Loan Guarantors. Notwithstanding anything in Section 9.02(b) to the contrary (i) a Loan Guarantor that is a Subsidiary Guarantor shall automatically be released from its obligations hereunder and its Loan Guaranty shall be automatically released upon the consummation of any transaction permitted hereunder if as a result thereof such Subsidiary Loan Guarantor is would no longer be required to be provide a Subsidiary Guarantorguarantee of the Obligations pursuant to Section 5.10. In connection with any such release, the Agents shall execute and deliver to any Subsidiary GuarantorLoan Guarantor that is a Subsidiary, at such Subsidiary Loan Guarantor’s expense, all documents that such Subsidiary 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 10.12 shall be without recourse to or warranty by the Agents.

Release of Loan Guarantors. Notwithstanding anything in Section 9.02(b) to the contrary a Subsidiary Guarantor shall automatically be released from its obligations hereunder and its Loan Guaranty shall be automatically released (A) upon the consummation of any transaction permitted hereunder if as a result thereof such Subsidiary Loan Guarantor is would no longer be required to be provide a Subsidiary Guarantorguarantee of the Obligations pursuant to Section 5.12 or (B) upon the termination of the Commitments and payment and satisfaction in full in cash of all Secured Obligations (other than Unliquidated Obligations). In connection with any such release, the Agents shall promptly execute and deliver to any Subsidiary GuarantorLoan Guarantor that is a Subsidiary, at such Subsidiary Loan Guarantor’s 's expense, all documents that such Subsidiary 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 10.12 shall be without recourse to or warranty by the Agents.. 106

Release of Loan Guarantors. Notwithstanding anything in Section 9.02(b) to the contrary a Subsidiary Guarantor shall automatically be released from its obligations hereunder and its Loan Guaranty shall be automatically released (A) upon the consummation of any transaction permitted hereunder if as a result thereof such Subsidiary Loan Guarantor is would no longer be required to be provide a Subsidiary Guarantorguarantee of the Obligations pursuant to Section 5.12 or (B) upon the termination of the Commitments and payment and satisfaction in full in cash of all Secured Obligations (other than Unliquidated Obligations). In connection with any such release, the Agents shall promptly execute and deliver to any Subsidiary GuarantorLoan Guarantor that is a Subsidiary, at such Subsidiary Loan Guarantor’s expense, all documents that such Subsidiary Loan Guarantor shall reasonably request to 127 evidence such termination or release. Any execution and delivery of documents pursuant to the preceding sentence of this Section 10.12 shall be without recourse to or warranty by the Agents.. 128