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This excerpt taken from the VRSN 8-K filed Jun 7, 2006. 9.10 Guaranty Matters. (a) The Lenders and the L/C Issuer irrevocably authorize the Administrative Agent, at its option and in its discretion, to release any Subsidiary Guarantor from its obligations under the Subsidiary Guaranty if such Person ceases to be a Subsidiary as a result of a transaction permitted hereunder. (b) Upon request by the Administrative Agent at any time, the Required Lenders will confirm in writing the Administrative Agents authority to release any Subsidiary Guarantor from its obligations under the Guaranty pursuant to this Section 9.10. |
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