Common use of Releases of Guarantees Clause in Contracts

Releases of Guarantees. (a) Notwithstanding anything to the contrary contained herein or in any other Loan Document, the Administrative Agent is hereby irrevocably authorized by each Lender (without requirement of notice to or consent of any Lender except as expressly required by Section 10.1) to take any action requested by the Borrower having the effect of releasing any guarantee obligations (i) to the extent necessary to permit consummation of any transaction not prohibited by any Loan Document or that has been consented to in accordance with Section 10.1 or (ii) under the circumstances described in paragraph (b) below.

Appears in 26 contracts

Samples: Credit Agreement (Kadant Inc), Credit Agreement (Kadant Inc), Credit Agreement (MSC Industrial Direct Co Inc)

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Releases of Guarantees. (a) Notwithstanding anything to the contrary contained herein or in any other Loan Document, the Administrative Agent is hereby irrevocably authorized by each Lender (without requirement of notice to or consent of any Lender except as expressly required by Section 10.1) to take, and the Administrative Agent hereby agrees to take promptly, any action requested by the Borrower Company having the effect of releasing releasing, or evidencing the release of, any guarantee obligations (i) Guarantee Obligations to the extent necessary to permit consummation of any transaction not prohibited by any Loan Document or that has been consented to in accordance with Section 10.1 or (ii) under the circumstances described in paragraph (b) below10.1.

Appears in 10 contracts

Samples: Revolving Credit Agreement (Ford Motor Co), Day Revolving Credit Agreement (Ford Motor Co), Revolving Credit Agreement (Ford Motor Co)

Releases of Guarantees. (a) Notwithstanding anything to the contrary contained herein or in any other Loan Document, the Administrative Agent is hereby irrevocably authorized by each Lender (without requirement of notice to or consent of any Lender except as expressly required by in Section 10.1) to take, and the Administrative Agent hereby agrees to take promptly, any action requested by the Borrower Company having the effect of releasing releasing, or evidencing the release of, any guarantee collateral or any obligations under the Guarantee (i) to the extent necessary to permit consummation of any transaction not prohibited by any Loan Document or that has been consented to in accordance with Section 10.1 or (ii) under the circumstances described in paragraph (b) belowthis Section 10.15.

Appears in 7 contracts

Samples: Guarantee Agreement (General Motors Financial Company, Inc.), Guarantee Agreement (General Motors Co), Day Revolving Credit Agreement (General Motors Co)

Releases of Guarantees. (a) Notwithstanding anything to the contrary contained herein or in any other Loan Document, the Administrative Agent is hereby irrevocably authorized by each Lender (without requirement of notice to or consent of any Lender except as expressly required by Section 10.1) to take any action requested by the Borrower having the effect of releasing any guarantee obligations (i) to the extent necessary to permit consummation of any transaction not prohibited by any Loan Document Document, including Section 6.7 of this Agreement, or that has been consented to in accordance with Section 10.1 or (ii) under the circumstances described in paragraph (b) below10.1.

Appears in 6 contracts

Samples: Fourth Amendment (M/I Homes, Inc.), Third Amendment (M/I Homes, Inc.), Second Amendment (M I Homes Inc)

Releases of Guarantees. (a) Notwithstanding anything to the contrary contained herein or in any other Loan Document, the Administrative Agent is hereby irrevocably authorized by each Lender (without requirement of notice to or consent of any Lender except as expressly required by Section 10.1) to take any action requested by the Borrower having the effect of releasing any guarantee obligations (i) to the extent necessary to permit consummation of any transaction not prohibited by any Loan Document or that has been consented to in accordance with Section 10.1 or (ii) under 10.1, provided that releases of Guarantors must comply with Section 6.7 unless otherwise consented to by the circumstances described Lenders in paragraph (b) belowaccordance with Section 10.1.

Appears in 5 contracts

Samples: Credit Agreement (Meritage Homes CORP), Credit Agreement (Lennar Corp /New/), Credit Agreement (Meritage Homes CORP)

Releases of Guarantees. (a) Notwithstanding anything to the contrary contained herein or in any other Loan Document, the Administrative Agent is hereby irrevocably authorized by each Lender (without requirement of notice to or consent of any Lender except as expressly required by Section 10.111.1) to take any action requested by the Borrower having the effect of releasing any guarantee obligations (i) to the extent necessary to permit consummation of any transaction not prohibited by any Loan Document or that has been consented to in accordance with Section 10.1 11.1 or (ii) under the circumstances described in paragraph (b) below.

Appears in 4 contracts

Samples: Credit Agreement (World Wrestling Entertainmentinc), Credit Agreement (World Wrestling Entertainmentinc), Credit Agreement (World Wrestling Entertainmentinc)

Releases of Guarantees. (a) Notwithstanding anything to the contrary contained herein or in any other Loan Document, the Administrative Agent is hereby irrevocably authorized by each Lender (without requirement of notice to or consent of any Lender except as expressly required by Section 10.1) to take any action requested by the Borrower having the effect of releasing any guarantee obligations (i) to the extent necessary to permit consummation of any transaction not prohibited by any Loan Document or that has been consented to in accordance with Section 10.1 or (ii) under 10.1; provided that releases of Guarantors must comply with Section 6.7 unless otherwise consented to by the circumstances described Lenders in paragraph (b) belowaccordance with Section 10.1.

Appears in 4 contracts

Samples: Credit Agreement (William Lyon Homes), Agreement (William Lyon Homes), Credit Agreement (William Lyon Homes)

Releases of Guarantees. (a) Notwithstanding anything to the contrary contained herein or in any other Loan Document, the Administrative Agent is hereby irrevocably authorized by each Lender (without requirement of notice to or consent of any Lender except as expressly required by Section 10.19.2) to take any action requested by the Borrower having the effect of releasing any guarantee obligations (i) to the extent necessary to permit the consummation of any transaction not prohibited that is permitted by any Loan Document this Agreement or that has been consented to in accordance with Section 10.1 or (ii) under the circumstances described in paragraph (b) below9.2.

Appears in 3 contracts

Samples: Credit Agreement (Coty Inc.), Credit Agreement (Coty Inc /), Credit Agreement (Coty Inc.)

Releases of Guarantees. (a) Notwithstanding anything to the contrary contained herein or in any other Loan Document, the Administrative Agent is hereby irrevocably authorized by each Lender (without requirement of notice to or consent of any Lender except as expressly required by Section 10.1) to take any action requested by the Borrower having the effect of releasing any guarantee obligations (i) to the extent necessary to permit consummation of any transaction not prohibited by any Loan Document or that has been consented to in accordance with Section 10.1 or (ii) under the circumstances described in paragraph paragraphs (b) and (c) below.

Appears in 2 contracts

Samples: Revolving Credit and Term Loan Agreement (MPT Operating Partnership, L.P.), Guarantee Agreement (MPT Operating Partnership, L.P.)

Releases of Guarantees. (a) Notwithstanding anything to the contrary contained herein or in any other Loan Document, the Administrative Agent is hereby irrevocably authorized by each Lender (without requirement of notice to or consent of any Lender except as expressly required by Section 10.1) to take any action requested by the Borrower having the effect of releasing any guarantee obligations (i) to the extent necessary to permit consummation of any transaction not prohibited by any Loan Document or that has been consented to in accordance with Section 10.1 or (ii) under 10.1; provided that releases of Guarantors must comply with Section 6.7 unless otherwise consented to by the circumstances described Lenders in paragraph (b) belowaccordance with Section 10.1.

Appears in 2 contracts

Samples: Credit Agreement (Beazer Homes Usa Inc), Credit Agreement (Beazer Homes Usa Inc)

Releases of Guarantees. (a) Notwithstanding anything to the contrary contained herein or in any other Loan Document, the Administrative Agent is hereby irrevocably authorized by each Lender (without requirement of notice to or consent of any Lender except as expressly required by Section 10.1) to take any action requested by the Borrower having the effect of releasing any guarantee obligations (i) to the extent necessary to permit consummation of any transaction not prohibited by any Loan Document Document, including Section 6.7 of this Agreement, or that has been consented to in accordance with Section 10.1 or (ii) under the circumstances described in paragraph (b) below10.1.

Appears in 1 contract

Samples: Credit Agreement (AV Homes, Inc.)

Releases of Guarantees. (a) Notwithstanding anything to the contrary contained herein or in any other Loan Document, the Administrative Agent is hereby irrevocably authorized by each Lender (without requirement of notice to or consent of any Lender except as expressly required by Section 10.18.01) to take any action requested by the Borrower having the effect of releasing any guarantee Guarantee obligations (i) to the extent necessary to permit consummation of any transaction not prohibited by any Loan Document or that has been consented to in accordance with Section 10.1 8.01 or (ii) under the circumstances described in paragraph (b) below.

Appears in 1 contract

Samples: Interim Loan Agreement (Tribune Co)

Releases of Guarantees. (a) Notwithstanding anything to the contrary contained herein or in any other Loan Document, the Administrative Agent is hereby irrevocably authorized by each Lender (without requirement of notice to or consent of any Lender except as expressly required by Section 10.112.1) to take any action requested by the Borrower having the effect of releasing any guarantee obligations (i) to the extent necessary to permit consummation of any transaction not prohibited by any Loan Document or that has been consented to in accordance with Section 10.1 12.1 or (ii) under the circumstances described in paragraph (b) below.

Appears in 1 contract

Samples: Credit Agreement (Getty Images Inc)

Releases of Guarantees. (axix) Notwithstanding anything to the contrary contained herein or in any other Loan Document, the Administrative Agent is hereby irrevocably authorized by each Lender (without requirement of notice to or consent of any Lender except as expressly required by Section 10.1) to take any action requested by the Borrower having the effect of releasing any guarantee obligations (i) to the extent necessary to permit consummation of any transaction not prohibited by any Loan Document or that has been consented to in accordance with Section 10.1 or (ii) under the circumstances described in paragraph (b) below.

Appears in 1 contract

Samples: Credit Agreement (MSC Industrial Direct Co Inc)

Releases of Guarantees. (a) Notwithstanding anything to the contrary contained herein or in any other Loan Document, the Administrative Agent is hereby irrevocably authorized by each Lender the Lenders (without requirement of upon five Business Days prior written notice to or consent of any Lender except as expressly required by Section 10.1the Lenders) to take any action requested by the Borrower having the effect of releasing any guarantee obligations obligations, and the Administrative Agent shall take any such action requested by the Borrower in a timely manner, (i) to the extent necessary to permit consummation of any transaction not prohibited by any Loan Document or that has been consented to in accordance with Section 10.1 11.1 or (ii) under the circumstances described in paragraph (b) or (c) below.

Appears in 1 contract

Samples: Credit Agreement (T-Mobile US, Inc.)

Releases of Guarantees. (a) Notwithstanding anything to the contrary contained herein or in any other Loan Document, the Administrative Agent is hereby irrevocably authorized by each Lender (without requirement of notice to or consent of any Lender except as expressly required by Section 10.1) to take any action requested by the Parent Borrower having the effect of releasing any guarantee obligations (i) to the extent necessary to permit consummation of any transaction not prohibited by any Loan Document or that has been consented to in accordance with Section 10.1 or (ii) under the circumstances described in paragraph (b) below10.1.

Appears in 1 contract

Samples: Pledge Agreement (Genzyme Corp)

Releases of Guarantees. (a) Notwithstanding anything to the contrary contained herein or in any other Loan Document, the Administrative Agent is hereby irrevocably authorized by each Lender (without requirement of notice to or consent of any Lender except as expressly required by Section 10.110.110.1) to take, and the Administrative Agent hereby agrees to take promptly, any action requested by the Borrower Company having the effect of releasing releasing, or evidencing the release of, any guarantee obligations (i) Guarantee Obligations to the extent necessary to permit consummation of any transaction not prohibited by any Loan Document or that has been consented to in accordance with Section 10.1 or (ii) under the circumstances described in paragraph (b) below10.110.1.

Appears in 1 contract

Samples: Revolving Credit Agreement (Ford Motor Co)

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Releases of Guarantees. (a) Notwithstanding anything to the contrary contained herein or in any other Loan Document, the Administrative Agent is hereby irrevocably authorized by each Lender (without requirement of notice to or consent of any Lender except as expressly required by Section 10.1) to take any action requested by the Borrower having the effect of releasing any guarantee obligations (i) to the extent necessary to permit consummation of any transaction not prohibited by any Loan Document Document, including Section 6.7 of this Agreement, or that has been consented to in accordance with Section 10.1 or (ii) under the circumstances described in paragraph (b) below.10.1. 10.15

Appears in 1 contract

Samples: M/I Homes, Inc.

Releases of Guarantees. (a) Notwithstanding anything to the contrary contained herein or in any other Loan Document, the Administrative Agent is hereby irrevocably authorized by each Lender (without requirement of notice to or consent of any Lender except as expressly required by Section 10.1) to take any action requested by the Borrower having the effect of releasing any guarantee obligations (i) to the extent necessary to permit consummation of any transaction not prohibited by any Loan Document or that has been consented to in accordance with Section 10.1 or (ii) under 10.1; provided that releases of Guarantors must comply with the circumstances described terms of the Guarantee Agreement unless otherwise consented to by the Lenders in paragraph (b) belowaccordance with Section 10.1.

Appears in 1 contract

Samples: Bridge Loan Agreement (William Lyon Homes)

Releases of Guarantees. (a) Notwithstanding anything to the contrary contained herein or in any other Loan Document, the Administrative Agent is hereby irrevocably authorized by each Lender (without requirement of notice to or consent of any Lender except as expressly required by Section 10.1) the Lenders to take any action requested by the Borrower having the effect of releasing any guarantee obligations obligations, and the Administrative Agent shall take any such action requested by the Borrower in a timely manner, (i) to the extent necessary to permit consummation of any transaction not prohibited by any Loan Document or that has been consented to in accordance with Section 10.1 11.1 or (ii) under the circumstances described in Section 11.16(a) or 11.16(b), or paragraph (b) or (c) below.

Appears in 1 contract

Samples: Guarantee and Collateral Agreement (T-Mobile US, Inc.)

Releases of Guarantees. (a) Notwithstanding anything to the contrary contained herein or in any other Loan Document, the Administrative Agent is hereby irrevocably authorized by each Lender (without requirement of notice to or consent of any Lender except as expressly required by Section 10.111.1) to take any action requested by the Borrower having the effect of releasing any guarantee obligations (i) to the extent necessary to permit consummation of any transaction not prohibited by any 509265-1594-11436-13799415 Loan Document or that has been consented to in accordance with Section 10.1 11.1 or (ii) under the circumstances described in paragraph (b) below.

Appears in 1 contract

Samples: Credit Agreement (World Wrestling Entertainmentinc)

Releases of Guarantees. (a) Notwithstanding anything to the contrary contained herein or in any other Loan Document, the Administrative Agent is hereby irrevocably authorized by each Lender (without requirement of notice to or consent of any Lender except as expressly required by Section 10.1) the Lenders to take any action requested by the Borrower having the effect of releasing any guarantee obligations obligations, and the Administrative Agent shall take any such action requested by the Borrower in a timely manner, (i) to the extent necessary to permit consummation of any transaction not prohibited by any Loan Document or that has been consented to in accordance with Section 10.1 11.1 or (ii) under the circumstances described in paragraph (b) or (c) below.

Appears in 1 contract

Samples: Credit Agreement (T-Mobile US, Inc.)

Releases of Guarantees. (a) Notwithstanding anything to the contrary contained herein or in any other Loan Document, the Administrative Agent is hereby irrevocably authorized by each Lender (without requirement of notice to or consent of any Lender except as expressly required by Section 10.1) to take any action requested by the Borrower Borrowers having the effect of releasing any guarantee obligations Guarantee Obligations (i) to the extent necessary to permit consummation of any transaction not prohibited by any Loan Document or that has been consented to in accordance with Section 10.1 or (ii) under the circumstances described in paragraph (b) below.

Appears in 1 contract

Samples: Credit Agreement (Amedisys Inc)

Releases of Guarantees. (a) Notwithstanding anything to the contrary contained herein or in any other Loan Document, the Administrative Agent is hereby irrevocably authorized by each Lender (without requirement of notice to or consent of any Lender except as expressly required by Section 10.1) to take any action requested by the Borrower having the effect of releasing any guarantee obligations (i) to the extent necessary to permit consummation of any transaction not prohibited by any Loan Document or that has been consented to in accordance with Section 10.1 10.1, (ii) in connection with the automatic release under Sections 2.23 or 5.9 or (iiiii) under the circumstances described in paragraph (b) below.

Appears in 1 contract

Samples: Guarantee Agreement (Synopsys Inc)

Releases of Guarantees. (a) Notwithstanding anything to the contrary contained herein or in any other Loan Document, the Administrative Agent is hereby irrevocably authorized by each Lender (without requirement of notice to or consent of any Lender except as expressly required by Section 10.1) to take any action requested by the Borrower Operating Partnership having the effect of releasing any guarantee obligations (i) to the extent necessary to permit consummation of any transaction not prohibited by any Loan Document or that has been consented to in accordance with Section 10.1 or (ii) under the circumstances described in paragraph paragraphs (b) and (c) below.

Appears in 1 contract

Samples: Syndicated Facility Agreement (MPT Operating Partnership, L.P.)

Releases of Guarantees. (a) Notwithstanding anything to the contrary contained herein or in any other Loan Document, the Administrative Agent is hereby irrevocably authorized by each Lender (without requirement of notice to or consent of any Lender except as expressly required by Section 10.1) to take any action requested by the Borrower having the effect of releasing any guarantee obligations (i) to the extent necessary to permit consummation of any transaction not prohibited by any Loan Document or that has been consented to in accordance with Section 10.1 or (ii) under the circumstances described in paragraph (b) below10.1.

Appears in 1 contract

Samples: Credit Agreement (Fusion-Io, Inc.)

Releases of Guarantees. (a) Notwithstanding anything to the contrary contained herein or in any other Loan Document, the Administrative Agent is hereby irrevocably authorized by each Lender (without requirement of notice to or consent of any Lender except as expressly required by in Section 10.1) to take, and the Administrative Agent hereby agrees to take promptly, any action requested by the Borrower Company having the effect of releasing releasing, or evidencing the release of, any guarantee collateral or any obligations under the Guarantee (i) to the extent necessary to permit consummation of any transaction not prohibited by any Loan Document or that has been consented to in accordance with Section 10.1 or (ii) under the circumstances described in paragraph (b) belowthis Section 10.15.

Appears in 1 contract

Samples: Guarantee Agreement (General Motors Financial Company, Inc.)

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