The terms of this Agreement may be waived, altered or amended only by an instrument in writing duly executed by each Subsidiary Guarantor and the Administrative Agent. Any such amendment or waiver shall be binding upon the Administrative Agent, each Lender, each holder of any of the Guaranteed Obligations and each Subsidiary Guarantor.  The obligations of any Subsidiary Guarantor that is a Foreign Subsidiary Holdco (including, without limitation, all obligations of such Subsidiary Guarantor hereunder in respect of any Hedging Obligations or Cash Management Obligations) shall be released effective on each Foreign Subsidiary Holdco Release Date for such Subsidiary Guarantor in accordance with the terms of the Credit Agreement.