Common use of Releases of Subsidiary Guarantees Clause in Contracts

Releases of Subsidiary Guarantees. In the event of a sale or other disposition of all or substantially all of the assets of any Subsidiary Guarantor, or a sale or other disposition of all of the Capital Stock or other ownership interests of any Subsidiary Guarantor, in each case by way of merger, consolidation or otherwise, then such Subsidiary (in the event of such a sale or other disposition of all the Capital Stock or other ownership interests of such Subsidiary) or such Subsidiary and the Person acquiring the property (in the event of such a sale or other disposition of all or substantially all of the assets of such Subsidiary) will be released and relieved of any obligations under its Subsidiary Guarantee. If, at any time while any of the Notes remain outstanding, none of the Company's then outstanding Indebtedness (other than Notes) is guaranteed by a Subsidiary Guarantor, such Subsidiary Guarantor shall be automatically and unconditionally released, discharged and relieved of any obligations under its Subsidiary Guarantee (which shall be terminated and cease to have any force and effect). In addition, pursuant to Section 4.07 hereof, any Subsidiary Guarantee incurred after the Issue Date may contain such release provisions as may be set forth in the supplemental indenture evidencing the assumption by such Subsidiary Guarantor of the Subsidiary Guarantee obligations under this Indenture.

Releases of Subsidiary Guarantees. In the event of a sale or other disposition of all or substantially all of the assets of any Subsidiary Guarantor, or a sale or other disposition of all of the Capital Stock capital stock or other ownership interests of any Subsidiary Guarantor, in each case by way of merger, consolidation or otherwise, then such Subsidiary (in the event of such a sale or other disposition of all the Capital Stock capital stock or other ownership interests of such SubsidiarySubsidiary Guarantor) or such Subsidiary Guarantor and the Person entity acquiring the property (in the event of such a sale or other disposition of all or substantially all of the assets of such SubsidiarySubsidiary Guarantor ) will be released and relieved of any obligations under its Subsidiary Guarantee. If, at any time while any of the Notes Securities remain outstanding, none of the CompanyIssuer's then outstanding Indebtedness (other than Notes) Securities is guaranteed by a Subsidiary Guarantor, such Subsidiary Guarantor shall be automatically and unconditionally released, discharged and relieved of any obligations under its Subsidiary Guarantee (which shall be terminated and cease to have any force and effect). In addition, pursuant to Section 4.07 hereof, any Subsidiary Guarantee incurred after the Issue Date may contain such other release provisions as may be set forth in the supplemental indenture evidencing the assumption by such Subsidiary Guarantor of the Subsidiary Guarantee obligations under this Indenture.Indenture or otherwise in the terms of the Securities established pursuant to Section 2.3. 73 80

Releases of Subsidiary Guarantees. In the event of a sale or other disposition of all or substantially all of the assets of any Subsidiary Guarantor, or a sale or other disposition of all of the Capital Stock capital stock or other ownership interests of any Subsidiary Guarantor, in each case by way of merger, consolidation or otherwise, then such Subsidiary (in the event of such a sale or other disposition of all the Capital Stock capital stock or other ownership interests of such SubsidiarySubsidiary Guarantor) or such Subsidiary Guarantor and the Person entity acquiring the property (in the event of such a sale or other disposition of all or substantially all of the assets of such SubsidiarySubsidiary Guarantor ) will be released and relieved of any obligations under its Subsidiary Guarantee. If, at any time while any of the Notes Securities remain outstanding, none of the CompanyIssuer's then outstanding Indebtedness indebtedness (other than Notes) -70- 77 Securities is guaranteed by a Subsidiary Guarantor, such Subsidiary Guarantor shall be automatically and unconditionally released, discharged and relieved of any obligations under its Subsidiary Guarantee (which shall be terminated and cease to have any force and effect). In addition, pursuant to Section 4.07 hereof, any Subsidiary Guarantee incurred after the Issue Date may contain such other release provisions as may be set forth in the supplemental indenture evidencing the assumption by such Subsidiary Guarantor of the Subsidiary Guarantee obligations under this IndentureIndenture or otherwise in the terms of the Securities established pursuant to Section 2.3.

Releases of Subsidiary Guarantees. In the event of a sale or other disposition of all or substantially all of the assets of any Subsidiary Guarantor, or a sale or other disposition of all of the Capital Stock capital stock or other ownership interests of any Subsidiary Guarantor, in each case by way of merger, consolidation or otherwise, then such Subsidiary (in the event of such a sale or other disposition of all the Capital Stock capital stock or other ownership interests of such SubsidiarySubsidiary Guarantor) or such Subsidiary Guarantor and the Person entity acquiring the property (in the event of such a sale or other disposition of all or substantially all of the assets of such SubsidiarySubsidiary Guarantor ) will be released and relieved of any obligations under its Subsidiary Guarantee. If, at any time while any of the Notes Securities remain outstanding, none of the CompanyIssuer's then outstanding Indebtedness indebtedness (other than NotesSecurities) is guaranteed by a Subsidiary Guarantor, such Subsidiary Guarantor shall be automatically and unconditionally released, discharged and relieved of any obligations under its Subsidiary Guarantee (which shall be terminated and cease to have any force and effect). In addition, pursuant to Section 4.07 hereof, any Subsidiary Guarantee incurred after the Issue Date may contain such other release provisions as may be set forth in the supplemental indenture evidencing the assumption by such Subsidiary Guarantor of the Subsidiary Guarantee obligations under this IndentureIndenture or otherwise in the terms of the Securities established pursuant to Section 2.3.