Common use of Release of Guarantors’ right of contribution Clause in Contracts

Release of Guarantors’ right of contribution. If any Guarantor ceases to be a Guarantor in accordance with the terms of the Finance Documents for the purposes of any sale or other disposal of that Guarantor: (a) that Guarantor will be released by each other Guarantor from any liability whatsoever to make a contribution to any other Guarantor arising by reason of the performance by any other Guarantor of its obligations under the Finance Documents; and (b) each other Guarantor will waive any rights it may have by reason of the performance of its obligations under the Finance Documents to take the benefit (in whole or in part and whether by way of subrogation or otherwise) of any right of any Finance Party under any Finance Document or of any other security taken under, or in connection with, any Finance Document where the rights or security are granted by or in relation to the assets of the retiring Guarantor.

Release of Guarantors’ right of contribution. If any Guarantor ceases to be a Guarantor in accordance with the terms of the Finance Documents for the purposes of any sale or other disposal of that GuarantorDocuments: (a) that Guarantor will be released by each other Guarantor from any liability whatsoever to make a contribution to any such other Guarantor arising by reason of the performance by any such other Guarantor of its obligations under the Finance Documents; and (b) each other Guarantor will waive any rights it may have by reason of the performance of its obligations under the Finance Documents to take the benefit (in whole or in part and whether by way of subrogation or otherwise) of any right of any Finance Party under any Finance Document or of any other security taken under, or in connection with, any Finance Document where the rights or security are granted by or in relation to the assets of the retiring Guarantor.

Release of Guarantors’ right of contribution. If any Guarantor ceases to be a Guarantor in accordance with the terms of the Finance Documents for the purposes purpose of any sale or other disposal of that Guarantor: (a) that Guarantor will be released by each other Guarantor from any liability whatsoever to make a contribution to any other Guarantor arising by reason of the performance by any other Guarantor of its obligations under the Finance Documents; and (b) each other Guarantor will waive any rights it may have by reason of the performance of its obligations under the Finance Documents to take the benefit (in whole or in part and whether by way of subrogation or otherwise) of any right of any Finance Party under any Finance Document or of any other security taken under, or in connection with, any Finance Document where the rights or security are granted by or in relation to the assets of the retiring Guarantor.

Release of Guarantors’ right of contribution. If any Guarantor ceases to be a Guarantor in accordance with the terms of the Finance Documents for the purposes of any sale or other disposal of that GuarantorDocuments: (a) that Guarantor will be released by each other Guarantor from any liability whatsoever to make a contribution to any other Guarantor arising by reason of the performance by any other Guarantor of its obligations under the Finance Documents; and (b) each other Guarantor will waive any rights right it may have by reason of the performance of its obligations under the Finance Documents to take the benefit (in whole or in part and whether by way of subrogation or otherwise) of any right of any Finance Party under any Finance Document or of any other security taken under, or in connection with, any Finance Document where the rights or security are granted by or in relation to the assets of the retiring Guarantorany Finance Party.

Release of Guarantors’ right of contribution. If any Guarantor ceases to be a Guarantor in accordance with the terms of the Finance Documents for the purposes purpose of any sale or other disposal of that Guarantor: (a) that Guarantor will be released by each other Guarantor from any liability whatsoever to make a contribution to any other Guarantor arising by reason of the performance by any other Guarantor of its obligations under the Finance Documents; and (b) each other Guarantor will waive any rights right it may have by reason of the performance of its obligations under the Finance Documents to take the benefit (in whole or in part and whether by way of subrogation or otherwise) of any right of any Finance Party under any Finance Document or of any other security taken under, or in connection with, any Finance Document where the rights or security are granted by or in relation to the assets of the retiring Guarantorany Finance Party.

Release of Guarantors’ right of contribution. If any Guarantor ceases to be a Guarantor in accordance with the terms of the Finance Documents for the purposes of any sale or other disposal of that Guarantor: (a) that Guarantor will be released by each other Guarantor from any liability whatsoever to make a contribution to any other Guarantor arising by reason of the performance by any other Guarantor of its obligations under the Finance Documents; and (b) each other Guarantor will waive any rights right it may have by reason of the performance of its obligations under the Finance Documents to take the benefit (in whole or in part and whether by way of subrogation or otherwise) of any right of any Finance Party under any Finance Document or of any other security taken under, or in connection with, any Finance Document where the rights or security are granted by or in relation to the assets of the retiring Guarantorany Finance Party.

Release of Guarantors’ right of contribution. If any Guarantor ceases to be a Guarantor in accordance with the terms of the Finance Documents for the purposes purpose of any sale or other disposal of that Guarantor: (a) that Guarantor will shall be released by each other Guarantor from any liability whatsoever (whether past, present or future and whether actual or contingent) to make a contribution to any other Guarantor arising by reason of the performance by any other Guarantor of its obligations under the Finance Documents; and (b) each other Guarantor will shall waive any rights it may have by reason of the performance of its obligations under the Finance Documents to take the benefit (in whole or in part and whether by way of subrogation or otherwise) of any right rights of any Finance Party the Secured Parties under any Finance Document or of any other security taken underpursuant to, or in connection with, any Finance Document where the rights by all or security are granted by or in relation to the assets any of the retiring GuarantorSecured Parties.

Release of Guarantors’ right of contribution. If any Guarantor ceases to be a Guarantor in accordance with the terms of the Finance Documents for the purposes purpose of any sale or other disposal of that Guarantor: (a) that Guarantor will be released by each other Guarantor from any liability whatsoever to make a contribution to any other Guarantor arising by reason of the performance by any other Guarantor of its obligations under the Finance Documents; and (b) each other Guarantor will waive any rights it may have by reason of the performance of its obligations under the Finance Documents to take the benefit (in whole or in part and whether by way of subrogation or otherwise) of any right of any Finance Party under any Finance Document or of any other security taken under, or in connection with, any Finance Document where the rights or security are granted by or in relation to the assets aspects of the retiring Guarantor.

Release of Guarantors’ right of contribution. If any Guarantor ceases to be a Guarantor in accordance with the terms of the Finance Documents for the purposes purpose of any sale or other disposal of that Guarantor then on the date that the Guarantor ceases to be a Guarantor: (a) that Guarantor will be released by each other Guarantor from any liability whatsoever to make a contribution to any other Guarantor arising by reason of the performance by any other Guarantor of its obligations under the Finance Documents; and (b) each other Guarantor will waive any rights right it may have by reason of the performance of its obligations under the Finance Documents to take the benefit (in whole or in part and whether by way of subrogation or otherwise) of any right of any Finance Party under any Finance Document or of any other security taken under, or in connection with, any Finance Document where the rights or security are granted by or in relation to the assets of the retiring Guarantorany Finance Party.

Release of Guarantors’ right of contribution. If any Guarantor ceases to be a Guarantor in accordance with the terms of the Finance Documents (the Retiring Guarantor) for the purposes purpose of any sale or other disposal of that Guarantor: (a) that Guarantor will be released by each other Guarantor from any liability whatsoever to make a contribution to any other Guarantor arising by reason of the performance by any other Guarantor of its obligations under the Finance Documents; and (b) each other Guarantor will waive any rights right it may have by reason of the performance of its obligations under the Finance Documents to take the benefit (in whole or in part and whether by way of subrogation or otherwise) of any right of any Finance Party under any Finance Document or of any other security taken under, or in connection with, any Finance Document by any Finance Party where the such rights or security are granted by or in relation to the assets of the retiring Retiring Guarantor.