Common use of Release of Note Guarantees Clause in Contracts

Release of Note Guarantees. The Note Guarantee issued by any Subsidiary Guarantor will be automatically and unconditionally released and discharged upon (I) any sale, exchange or transfer to any Person (other than an Affiliate of the Company) of all of the Capital Stock of such Subsidiary Guarantor or (ii) the designation of such Subsidiary Guarantor as an Unrestricted Subsidiary, in each case in compliance with the terms of this Indenture.

Appears in 1 contract

Samples: Servico Market Center Inc

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Release of Note Guarantees. The Note Guarantee issued by -------------------------- any Guarantor or Restricted Subsidiary Guarantor will be automatically and unconditionally released and discharged upon (Ii) any sale, exchange or transfer to any Person (other than not an Affiliate of the Company) Company of all of the Company's Capital Stock of in, or all or substantially all the assets of, such Guarantor or Restricted Subsidiary Guarantor or (ii) the designation of such Guarantor or Restricted Subsidiary Guarantor as an Unrestricted Subsidiary, in each case in compliance with the terms of this Indenture.

Appears in 1 contract

Samples: Marvel Enterprises Inc

Release of Note Guarantees. The Note Guarantee issued by any Subsidiary Guarantor will be automatically and unconditionally released and discharged upon (Ii) any sale, exchange or transfer (including by way of merger or consolidation) to any Person (other than not an Affiliate of the Company) Company of all of the Company's and each Restricted Subsidiary's Capital Stock of in, or all or substantially all the assets of, such Subsidiary Guarantor (which such sale, exchange or transfer is not prohibited by this Indenture) or (ii) the designation of such Subsidiary Guarantor or Restricted Subsidiary as an Unrestricted Subsidiary, in each case in compliance accordance with the terms of this Indenture.

Appears in 1 contract

Samples: Steel Dynamics Inc

Release of Note Guarantees. The Note Guarantee issued by any Subsidiary Guarantor will be automatically and unconditionally released and discharged upon (Ii) any sale, exchange or transfer to any Person (other than an Affiliate the Company or another Restricted Subsidiary of the Company) of all of the Capital Stock of such Subsidiary Guarantor or Guarantor, (ii) the designation of such Subsidiary Guarantor as an Unrestricted Subsidiary, in each case in compliance with the terms of this Indenture, or (iii) the release or discharge of the Guarantee which resulted in the creation of such Note Guarantee pursuant to Section 4.06.

Appears in 1 contract

Samples: Indenture (Urs Corp /New/)

Release of Note Guarantees. The Note Guarantee issued by any Subsidiary Guarantor will be automatically and unconditionally released and discharged upon (Ii) any sale, exchange or transfer to any Person person (other than an Affiliate of the Company) of all of the Capital Stock of such Subsidiary Guarantor or (ii) the designation of such Subsidiary Guarantor as an Unrestricted Subsidiary, in each case in compliance with the terms of this Indenture.

Appears in 1 contract

Samples: Jones Lang Lasalle Inc

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Release of Note Guarantees. The Note Guarantee issued by -------------------------- any Subsidiary Guarantor will be automatically and unconditionally released and discharged upon (Ii) any sale, exchange or transfer to any Person (other than an Affiliate the Company or another Subsidiary of the Company) of all of the Capital Stock of such Subsidiary Guarantor or (ii) the designation of such Subsidiary Guarantor as an Unrestricted Subsidiary, in each case in compliance with the terms of this Indenture.

Appears in 1 contract

Samples: Urs Corp /New/

Release of Note Guarantees. The Note Guarantee issued by any Subsidiary Guarantor will be automatically and unconditionally released and discharged upon (Ii) any sale, exchange or transfer (including by way of merger or consolidation) to any Person (other than not an Affiliate of the Company) Company of all of the Company's and each Restricted Subsidiary's Capital Stock of in, or all or substantially all the assets of, such Subsidiary Guarantor (which such sale, exchange or transfer is not prohibited by this Indenture) or (ii) the designation of such Subsidiary Guarantor or Restricted Subsidiary as an Unrestricted Subsidiary, in each case in compliance accordance with the terms of this Indenture.

Appears in 1 contract

Samples: PSF Group Holdings Inc

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