Common use of Release of Subsidiary Guarantees Clause in Contracts

Release of Subsidiary Guarantees. Notwithstanding the provisions of Section 10.02, Subsidiary Guarantees shall be subject to termination and discharge under the circumstances described in this Section 10.03. Any Subsidiary Guarantor shall automatically and unconditionally be released from all obligations under its Subsidiary Guarantee, and such Subsidiary Guarantee shall thereupon terminate and be discharged and of no further force or effect:

Appears in 6 contracts

Samples: Indenture (Beacon Roofing Supply Inc), Indenture (Beacon Roofing Supply Inc), Indenture (Beacon Roofing Supply Inc)

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Release of Subsidiary Guarantees. Notwithstanding the provisions of Section 10.021302, Subsidiary Guarantees shall will be subject to termination and discharge under the circumstances described in this Section 10.031303. Any Subsidiary Guarantor shall will automatically and unconditionally be released from all obligations under its Subsidiary Guarantee, and such Subsidiary Guarantee shall thereupon terminate and be discharged and of no further force or effect:,

Appears in 1 contract

Samples: Sally Beauty Holdings, Inc.

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Release of Subsidiary Guarantees. Notwithstanding the provisions of Section 10.0212.2, Subsidiary Guarantees shall will be subject to termination and discharge under the circumstances described in this Section 10.0312.4. Any Subsidiary Guarantor shall will automatically and unconditionally be released from all obligations under its Subsidiary Guarantee, and such Subsidiary Guarantee shall thereupon terminate and be discharged and of no further force or effect:, (i) concurrently with any direct or indirect sale or disposition (by merger or

Appears in 1 contract

Samples: Supplemental Indenture (Sally Beauty Holdings, Inc.)

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