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Common use of Release of Guaranties Clause in Contracts

Release of Guaranties. A Guaranty as to any Guarantor shall automatically terminate and be of no further force or effect and such Guarantor shall be automatically released from all obligations under this Agreement and all the Loan Documents upon: (a) the sale, disposition, exchange or other transfer (including through merger, consolidation amalgamation or otherwise) of the Capital Stock (including any sale, disposition or other transfer following which the applicable Guarantor is no longer a Restricted Subsidiary), of the applicable Guarantor if such sale, disposition, exchange or other transfer is made in a manner not in violation of this Agreement; or

Appears in 4 contracts

Samples: Refinancing Amendment (XPO, Inc.), Revolving Credit Agreement (XPO, Inc.), Refinancing Amendment (XPO, Inc.)