Common use of Release of Guarantee Obligations Clause in Contracts

Release of Guarantee Obligations. Notwithstanding anything to the contrary contained herein or any other Loan Document, when all Obligations have been paid in full (other than obligations under the Loan Documents (including contingent reimbursement obligations and indemnity obligations) which, by their express terms, survive termination of this Agreement or such other Loan Document, as the case may be) and all Revolving Credit Commitments have terminated or expired, upon request of Borrower Representative, the Administrative Agent shall take such actions as shall be required to release all guarantee obligations under any Loan Document. Any such release of guarantee obligations shall be deemed subject to the provision that such guarantee obligations shall be reinstated if after such release any portion of any payment in respect of the Obligations guaranteed thereby shall be rescinded or must otherwise be restored or returned upon the insolvency, bankruptcy, dissolution, liquidation or reorganization of any Borrower or the Guarantor, or upon or as a result of the appointment of a receiver, intervenor or conservator of, or trustee or similar officer for, any Borrower or the Guarantor or any substantial part of its property, or otherwise, all as though such payment had not been made.

Release of Guarantee Obligations. Notwithstanding anything to the contrary contained herein or any other Loan Document, when (a) all Obligations have been paid in full (other than obligations under the Loan Documents (including contingent reimbursement obligations and indemnity obligations) which, by their express terms, survive termination of this Agreement or such other Loan Document, as the case may be) and all Revolving Credit Commitments have terminated or expiredexpired or (b) upon the satisfaction of the release conditions set forth in the Guarantee Agreement, in each case, upon request of the Borrower Representative, the Administrative Agent shall take all such actions as shall be required or appropriate to release all the applicable guarantee obligations under any Loan Document. Any such release of guarantee obligations shall be deemed subject to the provision that such guarantee obligations shall be reinstated if after such release any portion of any payment in respect of the Obligations guaranteed thereby shall be rescinded or must otherwise be restored or returned upon the insolvency, bankruptcy, dissolution, liquidation or reorganization of any Borrower or the any Guarantor, or upon or as a result of the appointment of a receiver, intervenor or conservator of, or trustee or similar officer for, any Borrower or the any Guarantor or any substantial part of its property, or otherwise, all as though such payment had not been made.

Release of Guarantee Obligations. Notwithstanding anything to the contrary contained herein or any other Loan Document, when all Obligations have been paid in full (other than contingent obligations under the Loan Documents (including contingent reimbursement obligations and indemnity obligations) which, by their express terms, survive termination of this Agreement or such other Loan Document, as the case may befor which no claims have been made) and all Revolving Credit Commitments have terminated or expired, upon request of Borrower Representativethe Borrower, the Administrative Agent shall take such actions as shall be required to release all guarantee obligations and all Liens under any Loan Document. Any such release of guarantee obligations and Liens shall be deemed subject to the provision that such guarantee obligations and Liens shall be reinstated if after such release any portion of any payment in respect of the Obligations guaranteed thereby shall be rescinded or must otherwise be restored or returned upon the insolvency, bankruptcy, dissolution, liquidation or reorganization of any the Borrower or the GuarantorGuarantors, or upon or as a result of the appointment of a receiver, intervenor or conservator of, or trustee or similar officer for, any the Borrower or the Guarantor Guarantors or any substantial part of its property, or otherwise, all as though such payment had not been made.