Termination and Release. (i) This Guaranty shall automatically terminate on the Termination Date. (ii) A Subsidiary Guarantor shall automatically be released from its obligations hereunder in accordance with Section 9.18 of the First Lien Credit Agreement. (iii) In connection with any termination or release pursuant to this Section 5(g), the Collateral Agent shall execute and deliver to the Borrower all documents that the Borrower shall reasonably request to evidence such termination or release. Any execution and delivery of documents pursuant to this Section 5(g) shall be made without recourse to or warranty by the Collateral Agent. The Borrower agrees to pay all reasonable and documented out-of-pocket expenses incurred by the Collateral Agent in connection with the execution and delivery of such documents.
Appears in 4 contracts
Sources: Subsidiary Guarantee Agreement, Subsidiary Guarantee Agreement, Subsidiary Guarantee Agreement (ADT, Inc.)
Termination and Release. (i) This Guaranty shall automatically terminate on the Termination Date.
(ii) A Subsidiary Guarantor shall automatically be released from its obligations hereunder in accordance with Section 9.18 of the First Lien Credit Agreement.
(iii) In connection with any termination or release pursuant to this Section 5(g), the Collateral Agent shall execute and deliver to the Borrower all documents that the Borrower shall reasonably request to evidence such termination or release. Any execution and delivery of documents pursuant to this Section 5(g) shall be made without recourse to or warranty by the Collateral Agent. The Borrower agrees to pay all reasonable and documented out-of-pocket expenses incurred by the Collateral Agent in connection with the execution and delivery of such documents.
Appears in 2 contracts
Sources: Guarantee Agreement (McGraw-Hill Interamericana, Inc.), Guarantee Agreement (McGraw-Hill Global Education LLC)
Termination and Release. (i) This Guaranty shall automatically terminate on the Termination Date.
(ii) A Subsidiary Guarantor shall automatically be released from its obligations hereunder in accordance with Section 9.18 of the First Lien Asset-Based Revolving Credit Agreement.
(iii) In connection with any termination or release pursuant to this Section 5(g) (subject to Section 9.18 of the Asset-Based Revolving Credit Agreement (including the delivery of any certificate required thereunder)), the Collateral Agent shall execute and deliver to the Borrower all documents that the Borrower shall reasonably request to evidence such termination or release. Any execution and delivery of documents pursuant to this Section 5(g) shall be made without recourse to or warranty by the Collateral Agent. The Borrower agrees to pay all reasonable and documented out-of-pocket expenses incurred by the Collateral Agent in connection with the execution and delivery of such documents.
Appears in 2 contracts
Sources: Subsidiary Guarantee Agreement, Subsidiary Guarantee Agreement (DS Services of America, Inc.)
Termination and Release. (i) This Guaranty shall automatically terminate on the Termination Date.
(ii) A Subsidiary Guarantor shall automatically be released from its obligations hereunder in accordance with Section 9.18 of the First Lien Credit Agreement.
(iii) In connection with any termination or release pursuant to this Section 5(g), the Collateral Administrative Agent shall execute and deliver to the Borrower all documents that the Borrower shall reasonably request to evidence such termination or release. Any execution and delivery of documents pursuant to this Section 5(g) shall be made without recourse to or warranty by the Collateral Administrative Agent. The Borrower agrees to pay all reasonable and documented out-of-pocket expenses incurred by the Collateral Administrative Agent in connection with the execution and delivery of such documents.
Appears in 2 contracts
Sources: Subsidiary Guarantee Agreement (Cerence Inc.), Subsidiary Guarantee Agreement (Cerence Inc.)
Termination and Release. (i) This Guaranty shall automatically terminate on the Termination Date.
(ii) A Subsidiary Guarantor shall automatically be released from its obligations hereunder in accordance with Section 9.18 of the First Lien Credit Agreement.
(iii) In connection with any termination or release pursuant to this Section 5(g), the Collateral Administrative Agent shall execute and deliver to the Borrower Borrowers all documents that the Borrower Borrowers shall reasonably request in writing to evidence such termination or release. Any execution and delivery of documents pursuant to this Section 5(g) shall be made without recourse to or warranty by the Collateral Administrative Agent. The Borrower agrees Borrowers agree to pay all reasonable and documented out-of-pocket expenses incurred by the Collateral Administrative Agent and the Lenders in connection with the execution and delivery of such documents.
Appears in 1 contract
Termination and Release. (i) This Guaranty shall automatically terminate on the Termination Date.
(ii) A Subsidiary Guarantor shall automatically be released from its obligations hereunder in accordance with Section 9.18 of the First Lien Credit Agreement.
(iii) In connection with any termination or release pursuant to this Section 5(g), the Collateral Administrative Agent shall execute and deliver to the Borrower all documents that the Borrower shall reasonably request to evidence such termination or release. Any execution and delivery of documents pursuant to this Section 5(g) shall be made without recourse to or warranty by the Collateral Administrative Agent. The Borrower agrees to pay all reasonable and documented out-of-pocket expenses incurred by the Collateral Administrative Agent in connection with the execution and delivery of such documents.
Appears in 1 contract
Sources: Subsidiary Guarantee Agreement (Cec Entertainment Inc)
Termination and Release. (i) This Guaranty shall automatically terminate on the Termination Date.
(ii) A Subsidiary Guarantor shall automatically be released from its obligations hereunder in accordance with Section 9.18 9.16(a) of the First Lien Credit Agreement.
(iii) In connection with any termination or release pursuant to this Section 5(g), the Collateral Administrative Agent shall execute and deliver to the Borrower all documents that the Borrower shall reasonably request to evidence such termination or release. Any execution and delivery of documents pursuant to this Section 5(g) shall be made without recourse to or warranty by the Collateral Administrative Agent. The Borrower agrees to pay all reasonable and documented out-of-pocket expenses incurred by the Collateral Administrative Agent in connection with the execution and delivery of such documents.
Appears in 1 contract
Termination and Release. (i) This Guaranty shall automatically terminate on the Termination Date.
(ii) A Subsidiary Guarantor shall automatically be released from its obligations hereunder in accordance with Section 9.18 9.15 of the First Lien Credit Agreement.
(iii) In connection with any termination or release pursuant to this Section 5(g) (subject to Section 9.15 of the Credit Agreement (including the delivery of any certificate required thereunder)), the Collateral Agent shall execute and deliver to the Borrower all documents that the Borrower shall reasonably request to evidence such termination or release. Any execution and delivery of documents pursuant to this Section 5(g) shall be made without recourse to or warranty by the Collateral Agent. The Borrower agrees to pay all reasonable and documented out-of-pocket expenses incurred by the Collateral Agent in connection with the execution and delivery of such documents.
Appears in 1 contract
Sources: Subsidiary Guarantee Agreement (DS Services of America, Inc.)