Common use of Release of Guaranty Clause in Contracts

Release of Guaranty. The Note Guaranty of a Guarantor will terminate upon: (i) a sale or other disposition (including by way of consolidation or merger) of the Guarantor or the sale or disposition of all or substantially all the assets of the Guarantor (in each case other than to the Company or a Subsidiary) otherwise permitted by this Indenture; (ii) if the Note Guaranty was required pursuant to the terms of this Indenture, the cessation of the circumstances requiring the Note Guaranty; or (iii) defeasance or discharge of the Notes, as provided in Article 8. Upon delivery by the Company to the Trustee of an Officers’ Certificate and an Opinion of Counsel to the foregoing effect, the Trustee will execute any documents reasonably requested by the Company in writing in order to evidence the release of the Guarantor from its obligations under its Note Guaranty.

Release of Guaranty. The Note Guaranty of a Guarantor will shall terminate upon: (i) a sale or other disposition (including by way of consolidation or merger) of the Guarantor or the sale or disposition of all or substantially all the assets of the Guarantor (in each case other than to the Company or a Subsidiary) otherwise permitted by this Indenture; (ii) if the Note Guaranty was required pursuant to the terms of this Indenture, the cessation of the circumstances requiring the Note Guaranty; or (iii) defeasance or discharge of the Notes, as provided in Article 8. Upon delivery by the Company to the Trustee of an Officers’ Certificate and an Opinion of Counsel to the foregoing effect, the Trustee will shall execute any documents reasonably requested by the Company in writing in order to evidence the release of the Guarantor from its obligations under its Note Guaranty.

Release of Guaranty. The Note Guaranty of a Guarantor will terminate upon: (i1) a sale or other disposition (including by way of consolidation or merger) of the Guarantor or the sale or disposition of all or the Guarantor's assets substantially all the assets of the Guarantor as an entirety (in each case other than to the Company or a Restricted Subsidiary) otherwise or the dissolution of the Guarantor, in each case as permitted by this Indenture;, (ii2) if the Note Guaranty was required pursuant to the terms of designation in accordance with this Indenture, the cessation Indenture of the circumstances requiring the Note Guaranty; Guarantor as an Unrestricted Subsidiary, or (iii3) defeasance or discharge of the Notes, as provided in Article 8. Upon delivery by the Company to the Trustee of an Officers’ ' Certificate and an Opinion of Counsel to the foregoing effect, the Trustee will execute any documents reasonably requested by the Company in writing required in order to evidence the release of the Guarantor from its obligations under its Note Guaranty.