Common use of Events of Release Clause in Contracts

Events of Release. This Deed will terminate on the earlier of: (a) immediately upon: (i) all Owner Guarantees being cancelled; or (ii) the Relevant Group Member being released from its obligations under the all Owner Guarantees; or (b) where the Related Corporations of the Indemnifier cease to hold the largest Participating Share * * *, on the later of: (i) 30 days after such Related Corporations have ceased to hold such Participating Share; or (ii) when the contemporaneous acquirer of its Participating Interest which has the largest Participating Share * * * has provided the required support for the Owner Guarantees in accordance with clause 4.2(j) of the Joint Venture Agreement in replacement of this Deed.

Appears in 4 contracts

Samples: Implementation Agreement (Rio Tinto LTD), Implementation Agreement (Rio Tinto LTD), Implementation Agreement (BHP Billiton PLC)

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