Common use of Release of Guarantees Clause in Contracts

Release of Guarantees. A Guarantee by a Guarantor shall be automatically and unconditionally released and discharged, and no further action by such Guarantor, the Issuer or the Trustee is required for the release of such Guarantor’s Guarantee, upon: (1) (A) any sale, exchange or transfer (by merger or otherwise) of (i) the Capital Stock of such Guarantor (including any sale, exchange or transfer), after which the applicable Guarantor is no longer a Restricted Subsidiary or (ii) all or substantially all the assets of such Guarantor, in each case made in compliance with the applicable provisions of this Indenture;

Release of Guarantees. A Guarantee by a Restricted Guarantor shall be automatically and unconditionally released and discharged, and no further action by such Guarantor, the Issuer or the Trustee is required for the release of such Guarantor’s Guarantee, upon: (1) (A) any sale, exchange or transfer (by merger merger, consolidation or otherwise) of (i) the Capital Stock of such Restricted Guarantor (including any sale, exchange or transfer), after which the applicable Restricted Guarantor is no longer a Restricted Subsidiary or (ii) all or substantially all of the assets of such Restricted Guarantor, in each case which sale, exchange or transfer is made in compliance with the applicable provisions of this IndentureSections 4.10(a)(1) and (2) hereof;

Release of Guarantees. A Guarantee by a Guarantor shall be automatically and unconditionally released and discharged, and no further action by such Guarantor, the Issuer or the Trustee is required for the release of such Guarantor’s Guarantee, upon: (1) (A) any sale, exchange or transfer (by merger or otherwise) of (i) the Capital Stock of such Guarantor (including any sale, exchange or transfer), after which the applicable Guarantor is no longer a Restricted Subsidiary or (ii) all or substantially all the assets of such GuarantorGuarantor which sale, in each case exchange or transfer is made in compliance with the applicable provisions of this Indenture;

Release of Guarantees. A Guarantee by a Subsidiary Guarantor shall be automatically and unconditionally released and discharged, and no further action by such Subsidiary Guarantor, the Issuer or the Trustee is required for the release of such Subsidiary Guarantor’s Guarantee, upon: (1) (A) any sale, exchange or transfer (by merger or otherwise) of (i) the Capital Stock of such Subsidiary Guarantor (including any sale, exchange or transfer), after which the applicable Subsidiary Guarantor is no longer a Restricted Subsidiary or (ii) all or substantially all the assets of such Subsidiary Guarantor, in each case made in compliance with the applicable provisions of this Indenture;

Release of Guarantees. A Guarantee by a Guarantor shall be automatically and unconditionally released and discharged, and no further action by such Guarantor, the Issuer Issuers or the Trustee is required for the release of such Guarantor’s Guarantee, upon: (1) (A) any sale, exchange or transfer (by merger or otherwise) of (i) the Capital Stock of such Guarantor (other than Xxxxxxx XX) (including any sale, exchange or transfer), after which the applicable Guarantor is no longer a Restricted Subsidiary or (ii) a Subsidiary of a Guarantor or all or substantially all the assets of such GuarantorGuarantor (other than Xxxxxxx XX) which sale, in each case exchange or transfer is made in compliance with the applicable provisions of this Indenture;

Release of Guarantees. A Guarantee by a Guarantor shall be automatically and unconditionally released and discharged, and no further action by such Guarantor, the Issuer Issuers or the Trustee is required for the release of such Guarantor’s Guarantee, upon: (1) (A) any sale, exchange or transfer (by merger or otherwise) of (i) the Capital Stock of such Guarantor (including any sale, exchange or transfer), after which the applicable Guarantor is no longer a Restricted Subsidiary or (ii) all or substantially all the assets of such GuarantorGuarantor which sale, in each case exchange or transfer is made in compliance with the applicable provisions of this Indenture;

Release of Guarantees. A Guarantee by a Guarantor shall be automatically and unconditionally released and discharged, and no further action by such Guarantor, the Issuer Issuers, the Agents or the Trustee is required for the release of such Guarantor’s Guarantee, upon: (1i) (A) any sale, exchange or transfer (by merger or otherwise) of (i) the Capital Stock of such Guarantor (including any sale, exchange or transfer)Guarantor, after which the applicable Guarantor is no longer a Restricted Subsidiary or (ii) all or substantially all the assets of such Guarantor, in each case case, to a Person that is not the Issuers or a Guarantor if such sale, exchange or transfer is made in compliance with the applicable provisions of this Indenture;

Release of Guarantees. A Guarantee by a Guarantor shall be automatically and unconditionally released and discharged, and no further action by such Guarantor, the Issuer or the Trustee is required for the release of such Guarantor’s Guarantee, upon: (1) (A) any sale, exchange or transfer (by merger merger, amalgamation, consolidation or otherwise) of (i) the Capital Stock of such Guarantor (including any sale, exchange or transfer), after which the applicable Guarantor is no longer a Restricted Subsidiary Subsidiary; or (ii) any sale, exchange or transfer of all or substantially all the assets of such Guarantor; in either case; which sale, in each case exchange or transfer is made in compliance with the applicable provisions of this Indenture;

Release of Guarantees. A Each Guarantee by a Guarantor shall be automatically and unconditionally released and discharged, and shall thereupon terminate and be of no further force and effect, and no further action by such Guarantor, the Issuer Issuers or the Trustee is required for the release of such Guarantor’s Guarantee, upon: (1i) (A) any sale, exchange exchange, disposition or transfer (by merger merger, amalgamation, consolidation, dividend, distribution or otherwise) of (ix) the Capital Stock of such Guarantor (including any sale, exchange or transfer)Guarantor, after which the applicable Guarantor is no longer a Restricted Subsidiary or (iiy) all or substantially all the assets of such Guarantor, in each case if such sale, exchange, disposition or transfer is made in compliance with the applicable provisions of this Indenture;

Release of Guarantees. A Guarantee by a Guarantor shall be automatically and unconditionally released and discharged, and no further action by such Guarantor, the Issuer or the Trustee is required for the release of such Guarantor’s Guarantee, upon: (1) (A) any sale, exchange or transfer (by merger merger, consolidation or otherwise) of (i) the Capital Stock of such Guarantor (including any sale, exchange or transfer), after which the applicable Guarantor is no longer a Restricted Subsidiary or (ii) all or substantially all of the assets of such Guarantor, in each case which sale, exchange or transfer is made in compliance with the applicable provisions of this IndentureSections 4.10(a)(1) and (2) hereof;

Release of Guarantees. A Guarantee by a Guarantor shall be automatically and unconditionally released and discharged, and no further action by such Guarantor, the Issuer Issuers or the Trustee is required for the release of such Guarantor’s Guarantee, upon: (1) (A) any sale, exchange exchange, transfer or transfer other disposition (by merger merger, amalgamation, consolidation or otherwise) of (i) the Capital Stock of such Guarantor (including any sale, exchange or transfer), after which the applicable Guarantor is no longer a Restricted Subsidiary Subsidiary; or (ii) any sale, exchange or transfer of all or substantially all the assets of such Guarantor, in each either case which sale, exchange or transfer is made in compliance with the applicable provisions of this Indenture;

Release of Guarantees. A Guarantee by a Guarantor shall be automatically and unconditionally released and discharged, and no further action by such Guarantor, the Issuer or the Trustee is required for the release of such Guarantor’s Guarantee, upon: (1) (A) any sale, exchange or transfer (by merger merger, consolidation or otherwise) of (i) the Capital Stock of such Guarantor (including any sale, exchange or transfer), after which the applicable Guarantor is no longer a Restricted Subsidiary or (ii) all or substantially all the assets of such Guarantor, in each case which sale, exchange or transfer is made in compliance with the applicable provisions of this IndentureSections 4.10(a)(1) and (2) hereof;

Release of Guarantees. A Guarantee by a Guarantor shall be automatically and unconditionally released and discharged, and no further action by such Guarantor, the Issuer Company or the Trustee is required for the release of such Guarantor’s Guarantee, upon: (1) (A) any sale, exchange exchange, transfer or transfer other disposition (including by merger merger, consolidation, amalgamation or otherwise) of (i) the Capital Stock of such Guarantor (including any sale, exchange or transfer), after which the applicable Guarantor is no longer a Restricted Subsidiary or (ii) all or substantially all of the assets of such Guarantor, in each case case, if such sale, exchange, transfer or other disposition is made in compliance with the applicable provisions of this IndentureIndenture (including any amendments thereof);

Release of Guarantees. A Guarantee by a Each Guarantor shall will be automatically and unconditionally released and discharged, and no further action by such Guarantor, discharged from its obligations under this Article X (other than any obligation that may have arisen under Section 10.02 of the Issuer or the Trustee is required for the release of such Guarantor’s Guarantee, Base Indenture) upon: (1a) (Ai) any sale, exchange disposition or other transfer (by including through merger or otherwiseconsolidation) of (i) the Capital Stock of such Guarantor (including any sale, exchange disposition or other transfer), after which which, in the case of a subsidiary Guarantor, the applicable Guarantor is no longer a Restricted Subsidiary or (ii) all or substantially all the assets of such Guarantor, in each case made in compliance with the applicable provisions of this the Indenture;; or

Release of Guarantees. A Guarantee by a Guarantor shall be automatically and unconditionally released and discharged, and no further action by such Guarantor, the Issuer Issuers or the Trustee is required for the release of such Guarantor’s Guarantee, upon: (1) (A) any sale, exchange or transfer (by merger or otherwise) of (i) the Capital Stock of such Guarantor (including any sale, exchange or transfer), after which the applicable Guarantor is no longer a Restricted Subsidiary Subsidiary), if such sale, exchange or (ii) all or substantially all the assets of such Guarantor, in each case transfer is made in compliance with the applicable provisions of this Indenture;

Release of Guarantees. A Guarantee by a Guarantor shall be automatically and unconditionally released and discharged, and no further action by such Guarantor, the Issuer or the Trustee is required for the release of such Guarantor’s Guarantee, upon: (1) (A) any sale, exchange or transfer (by merger or otherwise) of (i) the Capital Stock of such Guarantor (including any sale, exchange or transfer), after which the applicable Guarantor is no longer a Restricted Subsidiary or (ii) all or substantially all the assets of such Guarantor, in each case which sale, exchange or transfer is made in compliance with the applicable provisions of this Indenture;

Release of Guarantees. A Guarantee by a Each Guarantor shall will be automatically and unconditionally released and discharged, and no further action by such Guarantor, the Issuer or the Trustee is required for the release of such Guarantor’s Guarantee, discharged from its obligations under this Article X (other than any obligation that may have arisen under Section 10.02 hereof) upon: (1) (Aa) any sale, exchange disposition or other transfer (by including through merger or otherwiseconsolidation) of (i) the Capital Stock of such Guarantor (including any sale, exchange disposition or other transfer), after which which, in the case of a subsidiary Guarantor, the applicable Guarantor is no longer a Restricted Subsidiary or (ii) all or substantially all the assets of such Guarantor, in each case made in compliance with the applicable provisions of this Indenture;; or

Release of Guarantees. (a) A Guarantee by a Guarantor shall be automatically and unconditionally released and discharged, and no further action by such Guarantor, the Issuer or the Trustee is required for the release of such Guarantor’s Guarantee, upon: (1) (A) upon any sale, exchange or transfer (by merger merger, consolidation or otherwise) of (i) the Capital Stock of such Guarantor (including any sale, exchange or transfer), after which the applicable Guarantor is no longer a Restricted Subsidiary or (ii) all or substantially all of the assets of such Guarantor, in each case which sale, exchange or transfer is made in compliance with the applicable provisions of this Indenture, the Intercreditor Agreement or any Additional Intercreditor Agreement;

Release of Guarantees. A Guarantee by a Each Guarantor shall will be automatically and unconditionally released and discharged, and no further action by such Guarantor, the Issuer or the Trustee is required for the release of such Guarantor’s Guarantee, discharged from its obligations under this Article X (other than any obligation that may have arisen under Section 10.02 hereof) upon: (1) (Aa) any sale, exchange disposition or other transfer (by including through merger or otherwiseconsolidation) of (i) the Capital Stock of such Guarantor (including any sale, exchange disposition or other transfer), after which the applicable Guarantor is no longer a Restricted Subsidiary an Affiliate of the Issuers, or (ii) all or substantially all the assets of such Guarantor, in each case made in compliance with the applicable provisions of this Indenture;

Release of Guarantees. A Guarantee by a Guarantor shall be automatically and unconditionally released and discharged, and no further action by such Guarantor, the Issuer or the Trustee is required for the release of such Guarantor’s Guarantee, upon: (1) (A) any sale, exchange exchange, disposition or transfer (by merger merger, amalgamation, consolidation or otherwise) of (ix) the Capital Stock of such Guarantor (including any sale, exchange or transfer), after which the applicable Guarantor is no longer a Restricted Subsidiary or (iiy) all or substantially all the assets of such GuarantorGuarantor which sale, in each case exchange, disposition or transfer is made in compliance with the applicable provisions of this Indenture;

Release of Guarantees. (a) A Guarantee by a Guarantor shall be automatically and unconditionally released and discharged, and no further action by such Guarantor, the Issuer Company or the Trustee is trustee shall be required for the release of such Guarantor’s Guarantee, upon: (1) (A) the Company’s exercise of its Legal Defeasance option or, except in the case of a Guarantee of any saledirect or indirect parent of the Company, exchange Covenant Defeasance option in accordance with Article 4 or transfer (by merger or otherwise) of (i) the Capital Stock of such Guarantor (including any sale, exchange or transfer), after which the applicable Guarantor is no longer a Restricted Subsidiary or (ii) all or substantially all the assets of such Guarantor, Company’s obligations under this Indenture being discharged in each case made in compliance accordance with the applicable provisions terms of this Indenture;; or

Release of Guarantees. A Guarantee by a Guarantor (other than, in the case of clauses (1)(A), (B) and (C) below, PETCO Stores) shall be automatically and unconditionally released and discharged, and no further action by such Guarantor, the Issuer or the Trustee is required for the release of such Guarantor’s Guarantee, upon: (1) (A) any sale, exchange exchange, disposition or transfer (by merger or otherwise) of (ix) the Capital Stock of such Guarantor (including any sale, exchange or transfer)Guarantor, after which the applicable such Guarantor is no longer a Restricted Subsidiary Subsidiary, or (iiy) all or substantially all the assets of such GuarantorGuarantor which sale, exchange, disposition or transfer in each case is made in compliance with the applicable provisions of this IndentureSections 4.10(a)(1) and (2) hereof;

Release of Guarantees. A Guarantee by a Guarantor shall be automatically and unconditionally released and discharged, and no further action by such Guarantor, the Issuer or the Trustee is required for the release of such Guarantor’s Guarantee, upon: (1) (A) any sale, exchange or transfer (by merger merger, amalgamation or otherwise) of (iI) the Capital Stock of such Guarantor (including any sale, exchange or transfer), after which the applicable Guarantor is no longer a Restricted Subsidiary or (iiII) all or substantially all of the assets of such Guarantor, in each case case, which sale, exchange or transfer is made in compliance with the applicable provisions of this Indenture;

Release of Guarantees. A Guarantee by a Guarantor shall be automatically and unconditionally released and dischargeddischarged with respect to any Series of Notes, and no further action by such Guarantor, the Issuer Company or the Trustee is required for the release of such Guarantor’s Guarantee, upon: (1) (A) any sale, exchange or transfer (by merger or otherwise) of (i) the Capital Stock of such Guarantor (including any sale, exchange or transfer)Guarantor, after which the applicable Guarantor is no longer a Restricted Subsidiary Subsidiary, if such sale, exchange or (ii) all or substantially all the assets of such Guarantor, in each case transfer is made in compliance with the applicable provisions of this Indenture;

Release of Guarantees. A Guarantee by a Guarantor shall be automatically and unconditionally released and discharged, and no further action by such Guarantor, the Issuer or the Trustee is required for the release of such Guarantor’s Guarantee, upon: (1) (A) any sale, exchange or transfer (by merger or otherwise) of (i) the Capital Stock of such Guarantor (including any sale, exchange or transfer)Guarantor, after which the applicable Guarantor is no longer a Restricted Subsidiary or (ii) all or substantially all the assets of such GuarantorGuarantor is, in each case case, made in compliance with the applicable provisions of this Indenture;