Common use of Discharge of Guaranty Upon Sale of Guarantor Clause in Contracts

Discharge of Guaranty Upon Sale of Guarantor. If all of the stock of a Guarantor or any of its successors in interest under this Guaranty shall be sold or otherwise disposed of (including by merger or consolidation) to any Person (other than an Affiliate of Company) in a sale or other disposition not prohibited by the Credit Agreement or otherwise consented to by Requisite Obligees (as such term is defined in Section 17(a)), such Guarantor or such successor in interest, as the case may be, may request Guarantied Party to execute and deliver documents or instruments necessary to evidence the release and discharge of this Guaranty as provided in subsection 10.14 of the Credit Agreement.

Appears in 2 contracts

Samples: Security Agreement (Urs Corp /New/), Credit Agreement (Urs Corp /New/)

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Discharge of Guaranty Upon Sale of Guarantor. If all of the stock of a Guarantor or any of its successors in interest under this Guaranty shall be sold or otherwise disposed of (including by merger or consolidation) to any Person (other than an Affiliate of Company) in a sale or other disposition not prohibited by the Credit Agreement or otherwise consented to by Requisite Obligees (as such term is defined in Section 17(a))Lenders, such Guarantor or such successor in interest, as the case may be, may request Guarantied Party to execute and deliver documents or instruments necessary to evidence the release and discharge of this Guaranty as provided in subsection 10.14 10.16 of the Credit Agreement.

Appears in 1 contract

Samples: Credit Agreement (Sybron Dental Specialties Inc)

Discharge of Guaranty Upon Sale of Guarantor. If all of the stock of a Guarantor or any of its successors in interest under this Guaranty shall be sold or otherwise disposed of (including by merger or consolidation) to any Person (other than an Affiliate of Company) in a sale or other disposition to a Person (other than a Subsidiary or an Affiliate of Company) not prohibited by the Credit Agreement or otherwise consented to by Requisite Obligees (as such term is defined in Section 17(a18(a)), such Guarantor or such successor in interest, as the case may be, may request Guarantied Party to execute and deliver documents or instruments necessary to evidence the release and discharge of this Guaranty as provided in subsection 10.14 of the Credit Agreement.

Appears in 1 contract

Samples: Credit Agreement (Ruths Hospitality Group, Inc.)

Discharge of Guaranty Upon Sale of Guarantor. If all of the stock of a Guarantor or any of its successors in interest under this Guaranty shall be sold or otherwise disposed of (including by merger or consolidation) to any Person (other than an Affiliate of Company) in a sale or other disposition not prohibited by the Credit Agreement or otherwise consented to by Requisite Obligees (as such term is defined in Section 17(a))Required Lenders, such Guarantor or such successor in interest, as the case may be, may request Guarantied Party to execute and deliver documents or instruments necessary to evidence the release and discharge of this Guaranty as provided in subsection 10.14 Section 9.10 of the Credit Agreement.

Appears in 1 contract

Samples: Altera Credit Agreement (Altera Corp)

Discharge of Guaranty Upon Sale of Guarantor. If all of the stock of a Guarantor or any of its successors in interest under this Guaranty shall be sold or otherwise disposed of (including by merger or consolidation) to any Person (other than an Affiliate of Company) in a sale or other disposition not prohibited by the Credit Agreement or otherwise consented to by Requisite Obligees (as such term is defined in Section 17(a))Guarantied Party, such Guarantor or such successor in interest, as the case may be, may request Guarantied Party to execute and deliver documents or instruments necessary to evidence the release and discharge of this Guaranty as provided in subsection 10.14 of the Credit Agreement.

Appears in 1 contract

Samples: Subsidiary Guaranty (Unified Grocers, Inc.)

Discharge of Guaranty Upon Sale of Guarantor. If all of the stock Equity Interests of a Guarantor or any of its successors in interest under this Guaranty shall be sold or otherwise disposed of (including by merger or consolidation) to any Person (other than an Affiliate of Company) in a sale or other disposition not prohibited by the Credit Agreement or otherwise consented to by Requisite Obligees (as such term is defined in Section 17(a)), such Guarantor or such successor in interest, as the case may be, may request Guarantied Party to execute and deliver documents or instruments necessary to evidence the release and discharge of this Guaranty as provided in subsection 10.14 Section 9.10 of the Credit Agreement.

Appears in 1 contract

Samples: Credit Agreement (Quidel Corp /De/)

Discharge of Guaranty Upon Sale of Guarantor. If all of the stock of a Guarantor or any of its successors in interest under this Guaranty shall be sold or otherwise disposed of (including by merger or consolidation) to any Person (other than an Affiliate of Company) in a sale or other disposition not prohibited by the Credit Agreement or otherwise consented to by Requisite Obligees (as such term is defined in Section 17(a)), such Guarantor or such successor in interest, as the case may be, may request Guarantied Party to execute and deliver documents or instruments necessary to evidence the release and discharge of this Guaranty as provided in subsection 10.14 9.10 of the Credit Agreement.

Appears in 1 contract

Samples: Credit Agreement (Quidel Corp /De/)

Discharge of Guaranty Upon Sale of Guarantor. If all of the stock of a Guarantor or any of its successors in interest under this Guaranty shall be sold or otherwise disposed of (including by merger or consolidation) to any Person (other than an Affiliate of Company) in a sale or other disposition not prohibited by the Credit Agreement or otherwise consented to by Requisite Obligees (as such term is defined in Section 17(a))Lenders, such Guarantor or such successor in interest, as the case may be, may request Guarantied Party to to, and Guarantied Party shall, execute and deliver documents or instruments necessary to evidence the release and discharge of this Guaranty as provided in subsection 10.14 of the Credit Agreement.

Appears in 1 contract

Samples: Subsidiary Guaranty (Panolam Industries International Inc)

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Discharge of Guaranty Upon Sale of Guarantor. If all of the stock Equity Securities of a Guarantor or any of its successors in interest under this Guaranty shall be sold or otherwise disposed of (including by merger or consolidation) to any Person (other than an Affiliate of Company) in a sale or other disposition not prohibited permitted by the Credit Agreement or otherwise consented to by Requisite Obligees (as such term is defined in Section 17(a))the Required Lenders, such Guarantor or such successor in interest, as the case may be, may request Guarantied Party to that the Administrative Agent and other Guaranteed Parties execute and deliver documents or instruments necessary to evidence the release and discharge of such Guarantor’s obligations under this Guaranty as provided in subsection 10.14 Section 7.07(b) of the Credit Agreement.

Appears in 1 contract

Samples: Credit Agreement (Arc Document Solutions, Inc.)

Discharge of Guaranty Upon Sale of Guarantor. If all of the stock of a Guarantor or any of its successors in interest under this Guaranty shall be sold or otherwise disposed of (including by merger or consolidation) to any Person (other than an Affiliate of Company) in a sale or other disposition not prohibited by the Credit Agreement or otherwise consented to by Requisite Obligees (as such term is defined Guarantied Party in Section 17(a))accordance with the Loan Documents, such Guarantor or such successor in interest, as the case may be, may request Guarantied Party to execute and deliver documents or instruments necessary to evidence the release and discharge of this Guaranty as provided in subsection 10.14 of the Credit Agreement.

Appears in 1 contract

Samples: Subsidiary Guaranty (Unified Grocers, Inc.)

Discharge of Guaranty Upon Sale of Guarantor. If all of the stock of a Guarantor or any of its successors in interest under this Guaranty shall be sold or otherwise disposed of (including by merger or consolidation) to any Person (other than an Affiliate of Company) in a sale or other disposition not prohibited by the Credit Agreement or otherwise consented to by Requisite Obligees (as such term is defined in Section 17(a))each Lender, such Guarantor or such successor in interest, as the case may be, may request Guarantied Party to execute and deliver documents or instruments necessary to evidence the release and discharge of this Guaranty as provided in subsection 10.14 10.16 of the Credit Agreement.

Appears in 1 contract

Samples: Credit Agreement (Sybron Dental Specialties Inc)

Discharge of Guaranty Upon Sale of Guarantor. If all of the stock Equity Interests of a Guarantor or any of its successors in interest under this Guaranty shall be sold or otherwise disposed of 92806623_4 (including by merger or consolidation) to any Person (other than an Affiliate of Company) in a sale or other disposition not prohibited by the Credit Agreement or otherwise consented to by Requisite Obligees (as such term is defined in Section 17(a)), such Guarantor or such successor in interest, as the case may be, may request Guarantied Party to execute and deliver documents or instruments necessary to evidence the release and discharge of this Guaranty as provided in subsection 10.14 Section 9.10 of the Credit Agreement.

Appears in 1 contract

Samples: Security Agreement (Quidel Corp /De/)

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