Common use of Further, the Administrative Agent Clause in Contracts

Further, the Administrative Agent. may (and is hereby irrevocably authorized by each Lender to), upon the request of the Borrower, release any Guarantor from its obligations under the Guaranty if such Guarantor is no longer a Material Domestic Subsidiary.

Appears in 1 contract

Sources: Credit Agreement (Patterson Companies, Inc.)

Further, the Administrative Agent. may (and is hereby irrevocably authorized by each Lender to), upon the request of the BorrowerCompany, release any Subsidiary Guarantor from its obligations under the Guaranty if such Subsidiary Guarantor is no longer a Material Domestic SubsidiarySubsidiary or is no longer required to be a Subsidiary Guarantor pursuant to the terms of this Agreement.

Appears in 1 contract

Sources: Credit Agreement (Watts Water Technologies Inc)

Further, the Administrative Agent. may (and is hereby irrevocably authorized by each Lender to), upon the request of the Borrower, release any Guarantor from its obligations under the Guaranty if if, as of the time such Guarantor is no longer a Material Domestic Subsidiaryreleased and immediately after giving effect thereto, the Guaranty of such Guarantor is not required by Section 5.09.

Appears in 1 contract

Sources: Term Loan Agreement (Keurig Dr Pepper Inc.)

Further, the Administrative Agent. may (and is hereby irrevocably authorized by each Lender to), upon the request of the BorrowerBorrower and at its expense, release any Guarantor from its obligations under the Guaranty if such Guarantor is no longer ceases to be a Material Domestic Subsidiary.

Appears in 1 contract

Sources: Credit Agreement (Grindr Inc.)

Further, the Administrative Agent. may (and is hereby irrevocably authorized by each Lender to), upon the request of the Borrower, release any Subsidiary Guarantor from its obligations under the Subsidiary Guaranty if such Subsidiary Guarantor is no longer a Material Domestic Worldwide Subsidiary.

Appears in 1 contract

Sources: Credit Agreement (Lexmark International Inc /Ky/)