Common use of Release of Guarantor of Guarantee Obligations Clause in Contracts

Release of Guarantor of Guarantee Obligations. (a) Notwithstanding any other provisions of this Supplemental Indenture, the Guarantee Obligations of the Guarantor may be released upon the terms and subject to the conditions set forth in this Section 15.04. Provided that no Event of Default shall have occurred and shall be continuing under this Supplemental Indenture, the Guarantee Obligations incurred by the Guarantor pursuant to this Article 15 shall be unconditionally released and discharged automatically upon the release of all guarantees by the Guarantor of the 2026 Notes, the Issuer’s 3.750% Senior Notes due 2027, the Issuer’s 3.100% Senior Notes due 2030, the Issuer’s unsecured credit and loan facilities and any additional guarantees by the Guarantor of senior unsecured indebtedness. (b) Upon receipt of a written request of the Issuer accompanied by an Officers’ Certificate and an Opinion of Counsel that the Guarantor is entitled to such release in accordance with the provisions of this Supplemental Indenture, the Trustee shall deliver, at the Issuer’s expense, such instruments as are requested by the Issuer or Guarantor to evidence the release of the Guarantor from the Guarantee Obligations.

Release of Guarantor of Guarantee Obligations. (a) Notwithstanding any other provisions of this Supplemental Indenture, the Guarantee Obligations of the Guarantor may be released upon the terms and subject to the conditions set forth in this Section 15.04the applicable Supplemental Indenture. Provided that no Event of Default shall have occurred and shall be continuing under this Supplemental Indenture, the Guarantee Obligations incurred by the Guarantor pursuant to this Article 15 shall be unconditionally released and discharged automatically upon the release of all guarantees by the Guarantor of the 2026 Notes, the Issuer’s 3.750% Senior Notes due 2027, the Issuer’s 3.100% Senior Notes due 2030, the Issuer’s unsecured credit and loan facilities and any additional guarantees by the Guarantor of senior unsecured indebtedness. (b) Upon receipt of a written request of the Issuer accompanied by an Officers’ Certificate and an Opinion of Counsel that the Guarantor is entitled to such release in accordance with the provisions of this Supplemental Indenture, the Trustee shall deliver, at the Issuer’s expense, such instruments as are requested by the Issuer or Guarantor to evidence the release of the Guarantor from the Guarantee Obligations.

Release of Guarantor of Guarantee Obligations. (a) Notwithstanding any other provisions of this Supplemental Indenture, the Guarantee Obligations of the Guarantor may be released upon the terms and subject to the conditions set forth in this Section 15.04. Provided that no Event of Default shall have occurred and shall be continuing under this Supplemental Indenture, the Guarantee Obligations incurred by the Guarantor pursuant to this Article 15 shall be unconditionally released and discharged automatically upon the release of all guarantees by the Guarantor of the 2026 Notes, the Issuer’s 3.750% Senior 2023 Notes, the 2021 Notes due 2027, and the Issuer’s 3.100% Senior Notes due 2030, the Issuer’s $1,150.0 million senior unsecured revolving credit and term loan facilities facility and any additional guarantees by the Guarantor of senior unsecured indebtedness. (b) Upon The Trustee shall deliver an appropriate instrument evidencing the release of the Guarantor from the Guarantee Obligations upon receipt of a written request of the Issuer accompanied by an Officers’ Certificate and an Opinion of Counsel that the Guarantor is entitled to such release in accordance with the provisions of this Supplemental Indenture, the Trustee shall deliver, at the Issuer’s expense, such instruments as are requested by the Issuer or Guarantor to evidence the release of the Guarantor from the Guarantee Obligations.

Release of Guarantor of Guarantee Obligations. (a) Notwithstanding any other provisions of this Supplemental Indenture, the Guarantee Obligations of the Guarantor may be released upon the terms and subject to the conditions set forth in this Section 15.04the applicable Supplemental Indenture. Provided that no Event of Default shall have occurred and shall be continuing under this Supplemental Indenture, the Guarantee Obligations incurred by the Guarantor pursuant to this Article 15 16 shall be unconditionally released and discharged automatically upon the release of all guarantees by the Guarantor of the 2026 Notes, the Issuer’s 3.750% Senior Notes due 2027, the Issuer’s 3.100% Senior Notes due 2030, the Issuer’s unsecured credit and loan facilities and any additional guarantees by the Guarantor of senior unsecured indebtedness. (b) Upon receipt of a written request of the Issuer accompanied by an Officers’ Certificate and an Opinion of Counsel that the Guarantor is entitled to such release in accordance with the provisions of this Supplemental Indenture, the Trustee shall deliver, at the Issuer’s expense, such instruments as are requested by the Issuer or Guarantor to evidence the release of the Guarantor from the Guarantee Obligations.