Document ID: 15412

Text:
(iii) to release any Guarantor from its obligations under any Loan Documents (A) if such Person ceases to be a Loan Party as a result of a transaction permitted under the Loan Documents or (B) except after the occurrence and during the continuance of a Default or Event of Default, if such Person is a Foreign Subsidiary and the guaranty by (or pledge of any of the assets or Ownership Interests (other than up to sixtyfive percent (65%) of the voting Ownership Interests and one hundred percent ( 100% ) of the nonvoting Ownership Interests of a First Tier Foreign Subsidiary) of) such Foreign Subsidiary results in a material adverse tax consequence for the Borrowers or results in a violation of applicable Legal Requirements; and

Named Entities:
87
88
Percentage
96
98
Percentage
100
101
Percentage

Tokenized Text:
(
iii
)
to
release
any
Guarantor
from
its
obligations
under
any
Loan
Documents
(
A
)
if
such
Person
ceases
to
be
a
Loan
Party
as
a
result
of
a
transaction
permitted
under
the
Loan
Documents
or
(
B
)
except
after
the
occurrence
and
during
the
continuance
of
a
Default
or
Event
of
Default
,
if
such
Person
is
a
Foreign
Subsidiary
and
the
guaranty
by
(
or
pledge
of
any
of
the
assets
or
Ownership
Interests
(
other
than
up
to
sixtyfive
percent
(
65
%
)
of
the
voting
Ownership
Interests
and
one
hundred
percent
(
100
%
)
of
the
nonvoting
Ownership
Interests
of
a
First
Tier
Foreign
Subsidiary
)
of
)
such
Foreign
Subsidiary
results
in
a
material
adverse
tax
consequence
for
the
Borrowers
or
results
in
a
violation
of
applicable
Legal
Requirements
;
and