Common use of Release of Collateral or Guarantor Clause in Contracts

Release of Collateral or Guarantor. Except for sales of assets permitted by Section 7.2.7 [Disposition of Assets or Subsidiaries] and the releases permitted in Section 9.20 [Certain Releases of Guarantors and Collateral], release any Collateral consisting of capital stock or other ownership interests of any Loan Party or its Subsidiary or substantially all of the assets of any Loan Party, any Guarantor from its Obligations under the Guaranty Agreement or Parent Guaranty Agreement or any other security for any of the Loan Parties’ Obligations or

Appears in 2 contracts

Sources: Revolving Credit Facility (Penn Virginia Resource Partners L P), Revolving Credit Facility (Penn Virginia Resource Partners L P)

Release of Collateral or Guarantor. Except for sales of assets in connection with actions permitted by Section 7.2.7 [Disposition of Assets 9.6 or Subsidiaries] and the releases permitted in Section 9.20 [Certain Releases of Guarantors and Collateral]9.7, release (i) any Collateral consisting of capital stock or other ownership interests of any Loan Party or its Subsidiary or Subsidiary, (ii) substantially all of the assets of any Loan Party, (iii) any Guarantor from its Obligations under the Guaranty Agreement or Parent Guaranty Agreement or any other security for any of the Loan Parties’ Obligations Agreement; or

Appears in 2 contracts

Sources: Credit Agreement (Calgon Carbon Corporation), Credit Agreement (Calgon Carbon Corporation)

Release of Collateral or Guarantor. Except for sales of assets permitted by Section 7.2.7 [Disposition of Assets or Subsidiaries] and the releases permitted in Section 9.20 [Certain Releases of Guarantors and Collateral]8.2.7, release any Collateral consisting of capital stock or other ownership interests of any Loan Party or its Subsidiary or substantially all of the assets of any Loan Party, any Guarantor from its Obligations under the Guaranty Agreement or Parent Guaranty .Guaranty Agreement or any other security for any of the Loan Parties’ Obligations ' Obligations; or

Appears in 1 contract

Sources: Credit Agreement (Whiteford Partners L P)

Release of Collateral or Guarantor. Except for sales of assets permitted by Section 7.2.7 8.2.7 [Disposition of Assets or Subsidiaries] and the releases permitted or as provided in Section 9.20 5.7.2 [Certain Releases Termination of Guarantors and CollateralLiens], release any Collateral consisting of capital stock or other ownership interests of any Loan Party or its Subsidiary or substantially all of the assets of any Loan Party, any Guarantor from its Obligations under the Guaranty Agreement or Parent Guaranty Agreement or any other security for any of the Loan Parties’ Obligations ' Obligations; or

Appears in 1 contract

Sources: Credit Agreement (Corrpro Companies Inc /Oh/)

Release of Collateral or Guarantor. Except for sales of assets permitted by Section 7.2.7 7.2.8 [Disposition of Assets or Subsidiaries] and the releases permitted in Section 9.20 [Certain Releases of Guarantors and Collateral], release any Collateral consisting of capital stock or other ownership interests of any Loan Party or its Subsidiary (other than the ownership interests of Foreign Subsidiaries which are part of the Pledged Collateral which may be released with the written consent of the Required Lenders) or substantially all of the assets of any Loan Party, any Guarantor from its Obligations under the Guaranty Agreement or Parent Guaranty Agreement or any other security for any of the Loan Parties’ Obligations Obligations; or

Appears in 1 contract

Sources: Credit Agreement (Key Energy Services Inc)

Release of Collateral or Guarantor. Except for sales of assets permitted by Section 7.2.7 7.2.6 [Disposition Dispositions of Assets or Subsidiaries] and the releases permitted in Section 9.20 [Certain Releases of Guarantors and Collateral], release any Collateral consisting of capital stock or other ownership interests of any Loan Party or its Subsidiary or substantially all of the assets of any Loan Party, any Guarantor from its Obligations under the Guaranty Agreement or Parent Guaranty Agreement or any other security for any of the Loan Parties’ Obligations ' Obligations; or

Appears in 1 contract

Sources: Credit Agreement (Champion Enterprises Inc)

Release of Collateral or Guarantor. Except for sales of assets permitted by Section 7.2.7 8.2.7 [Disposition of Assets or Subsidiaries] and the releases permitted in Section 9.20 [Certain Releases of Guarantors and Collateral], release any Collateral consisting of capital stock or other ownership interests of any Loan Party or its Subsidiary or substantially all of the assets of any Loan Party, release any Guarantor from its Obligations under the Guaranty Agreement or Parent Guaranty Agreement or any other security for any of the Loan Parties’ Obligations Obligations; or

Appears in 1 contract

Sources: Credit Agreement (Ii-Vi Inc)

Release of Collateral or Guarantor. Except for sales of assets permitted by Section 7.2.7 8.2.7 [Disposition of Assets or Subsidiaries] and the releases permitted in Section 9.20 [Certain Releases of Guarantors and Collateral], release any Collateral consisting of capital stock or other ownership interests of any Loan Party or its Subsidiary or substantially all any material portion of the assets of any Loan Party, any Guarantor from its Obligations under the Guaranty Agreement or Parent Guaranty Agreement or any other security for any of the Loan Parties’ Obligations ' Obligations; or

Appears in 1 contract

Sources: Credit Agreement (Standard Automotive Corp)

Release of Collateral or Guarantor. Except for sales of assets permitted by Section 7.2.7 8.2.7 [Disposition of Assets or Subsidiaries] and the releases permitted in Section 9.20 [Certain Releases of Guarantors and Collateral], release any Collateral consisting of capital stock or other ownership interests of any Loan Party or its Subsidiary or substantially all of the assets of any Loan Party, any Guarantor from its Obligations under the Guaranty Agreement or Parent Guaranty Agreement or any other security for any of the Loan Parties’ Obligations Obligations; or

Appears in 1 contract

Sources: Credit Agreement (Penn Virginia Resource Partners L P)

Release of Collateral or Guarantor. Except for sales of assets permitted by Section 7.2.7 [Disposition Dispositions of Assets or Subsidiaries] and the releases permitted in Section 9.20 [Certain Releases of Guarantors and Collateral], release any Collateral consisting of capital stock or other ownership interests of any Loan Party or its Subsidiary Subsidiaries or substantially all of the assets of any Loan Party, any release any Guarantor from its Obligations under the Guaranty Agreement or Parent Guaranty Agreement or any other security for any of the Loan Parties’ Obligations Agreement; or

Appears in 1 contract

Sources: Credit Agreement (Independent Gasoline & Oil Co of Rochester)

Release of Collateral or Guarantor. Except for sales of assets permitted by Section 7.2.7 8.2.7 [Disposition of Assets or Subsidiaries] and the releases permitted in Section 9.20 [Certain Releases of Guarantors and Collateral], release any Collateral consisting of capital stock or other ownership interests of any Loan Party or its Subsidiary or substantially all of the assets of any Loan Party, any Guarantor from its Obligations under the Guaranty Agreement or Parent Guaranty Agreement or any other security for any of the Loan Parties’ Obligations ' Obligations; or

Appears in 1 contract

Sources: Credit Agreement (Compudyne Corp)

Release of Collateral or Guarantor. Except for sales of assets permitted by Section 7.2.7 8.2.7 [Disposition of Assets or Subsidiaries] and the releases permitted in Section 9.20 [Certain Releases of Guarantors and Collateral], release any Collateral consisting of capital stock or other ownership interests of any Loan Party or its Subsidiary or substantially all of the assets of any Loan Party, any Guarantor from its Obligations under the Guaranty Agreement or Parent Guaranty Agreement or any other security for any of the Loan Parties’ Obligations Obligations; or

Appears in 1 contract

Sources: Credit Agreement (Westmoreland Coal Co)

Release of Collateral or Guarantor. Except for sales of assets permitted by Section 7.2.7 [Disposition of Assets or Subsidiaries] and the releases permitted as set forth in Section 9.20 [Certain Releases of Guarantors and Collateral]9.18, release any Collateral consisting of capital stock or other ownership interests of any Loan Party or its Subsidiary or substantially all of the assets of Collateral (including, without limitation, any Loan Party, amount held in the Pledged Collateral Account) or release any Guarantor from its Obligations under the Guaranty Agreement or Parent Guaranty Agreement or any other security for any of the Loan Parties' Obligations without the prior written consent of each Lender; or

Appears in 1 contract

Sources: Credit Agreement (Arch Coal Inc)

Release of Collateral or Guarantor. Except for sales of assets permitted by Section 7.2.7 [Disposition of Assets or Subsidiaries] and the releases permitted in Section 9.20 [Certain Releases of Guarantors and Collateral]7.2.7, release any Collateral consisting of capital stock or other ownership interests of any Loan Party or its Subsidiary or substantially all of the assets of any Loan Party, Party any Guarantor from its Obligations under the Guaranty Agreement or Parent Guaranty Agreement or any other security for any of the Loan Parties’ Obligations ' Obligations; or

Appears in 1 contract

Sources: Credit Agreement (Audio Communications Network Inc)

Release of Collateral or Guarantor. Except for sales of assets permitted by Section 7.2.7 [Disposition Dispositions of Assets or Subsidiaries] and the releases permitted in Section 9.20 [Certain Releases of Guarantors and Collateral], release any Collateral consisting of capital stock or other ownership -84- interests of any Loan Party or its Subsidiary Subsidiaries or substantially all of the assets of any Loan Party, any Guarantor from its Obligations under the Guaranty Agreement or Parent Guaranty Agreement or any other security for any of the Loan Parties’ Obligations ' Obligations; or

Appears in 1 contract

Sources: Credit Agreement (Bell Oil Corp)

Release of Collateral or Guarantor. Except for sales of assets permitted by Section 7.2.7 [Disposition Dispositions of Assets or Subsidiaries] and the releases permitted in Section 9.20 [Certain Releases of Guarantors and Collateral], release any Collateral consisting of capital stock or other ownership interests of any Loan Party or its Subsidiary Subsidiaries or substantially all of the assets of any Loan Party, any Guarantor from its Obligations under the Guaranty Agreement or Parent Guaranty Agreement or any other security for any of the Loan Parties’ Obligations Agreement; or

Appears in 1 contract

Sources: Credit Agreement (Vulcan Asphalt Refining Corp)

Release of Collateral or Guarantor. Except for sales of assets permitted by Section 7.2.7 [Disposition of Assets or Subsidiaries] and the releases permitted in Section 9.20 [Certain Releases of Guarantors and Collateral]7.2.7, release any Collateral consisting of capital stock or other ownership interests of any Loan Party or its Subsidiary or substantially all of the assets of any Loan Party, any Guarantor from its Obligations under the Guaranty Agreement or Parent Guaranty Agreement or any other security for any of the Loan Parties' Obligations Agreements; or

Appears in 1 contract

Sources: Convertible Revolving Credit Facility (Ptek Holdings Inc)