Common use of Release of Holdings Guarantee Clause in Contracts

Release of Holdings Guarantee. This Holdings Guarantee shall be automatically and unconditionally released and discharged, and no further action by Holdings, the Issuers, the Note Guarantors or the Trustee is required for the release of this Holdings Guarantee, upon:

Release of Holdings Guarantee. This Holdings Guarantee shall be automatically and unconditionally released and discharged, and no further action by Holdings, the IssuersIssuer, the Note Guarantors or the Trustee is required for the release of this Holdings Guarantee, upon: (a) the Issuer ceasing to be a Subsidiary of Holdings; provided that any such transaction occurs in compliance with this Indenture; or (b) Issuer’s obligations under this Indenture being discharged in accordance with the terms of this Indenture.