Common use of Release of Ameristar and Parent under Guaranty Agreement with Respect to Ground Lease Clause in Contracts

Release of Ameristar and Parent under Guaranty Agreement with Respect to Ground Lease. The District shall have executed and delivered to Parent documents in form and substance reasonably satisfactory to Parent sufficient to release Ameristar and Parent from all further obligations and liability under the Guaranty Agreement concurrently with the Closing; provided that Parent agrees to waive the condition for a release if in lieu thereof Buyer provides to Parent an undertaking, reasonably acceptable to Parent, to indemnify, defend and hold harmless Parent and its Affiliates from all such obligations and liability.

Release of Ameristar and Parent under Guaranty Agreement with Respect to Ground Lease. The Parent may seek to cause the District shall have executed and delivered to Parent documents in form and substance reasonably satisfactory to Parent sufficient to release Ameristar and Parent from all further obligations and liability under the Guaranty Agreement concurrently with the Closing; provided provided, that Parent agrees to waive neither Buyer nor the condition for a release if Company shall have any obligations in lieu thereof Buyer provides to Parent an undertaking, reasonably acceptable to Parent, to indemnify, defend and hold harmless Parent and its Affiliates from all such connection therewith other than the Company’s current obligations and liabilityunder the Ground Lease.