Common use of Extinguishment of Supported Debt Clause in Contracts

Extinguishment of Supported Debt. Sunoco LP shall use commercially reasonable efforts to extinguish any applicable outstanding Supported Debt on the Maturity Date. Guarantor shall release the Support Provider from any liability or obligation under this Agreement related to the Supported Debt on the applicable Maturity Date for such Supported Debt and shall enter into and execute such documents and instruments as the Support Provider may reasonably request in order to evidence such release.

Appears in 13 contracts

Samples: Contribution Agreement (Sunoco LP), Contribution Agreement, Support Agreement (Sunoco LP)

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Extinguishment of Supported Debt. Sunoco LP shall use commercially reasonable efforts to extinguish any applicable outstanding Supported Debt on the Maturity Date. Guarantor Sunoco LP shall release the Support Provider Guarantor from any liability or obligation under this Agreement Guarantee related to the Supported Debt on the applicable Maturity Date for such Supported Debt and shall enter into and execute such documents and instruments as the Support Provider Guarantor may reasonably request in order to evidence such release.

Appears in 9 contracts

Samples: Guarantee of Collection (Sunoco LP), Guarantee of Collection (Sunoco LP), Contribution Agreement (Sunoco LP)

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Extinguishment of Supported Debt. Sunoco LP shall use commercially reasonable efforts to extinguish any applicable outstanding Supported Debt on the applicable Maturity Date. Guarantor shall release the Support Provider from any liability or obligation under this Agreement related to the Supported Debt on the applicable Maturity Date for such Supported Debt and shall enter into and execute such documents and instruments as the Support Provider may reasonably request in order to evidence such release.

Appears in 3 contracts

Samples: Support Agreement (Sunoco LP), Support Agreement (Sunoco LP), Support Agreement (Sunoco LP)

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