Common use of Release of Subsidiary Guarantor Clause in Contracts

Release of Subsidiary Guarantor. A Subsidiary Guarantor shall be automatically released from its obligations under this Article 10 (other than any obligation that may have arisen under Section 10.07) upon: (a) (i) the designation of such Subsidiary Guarantor as an Unrestricted Subsidiary in accordance with the terms of this Indenture;

Appears in 6 contracts

Samples: Indenture (NCR Corp), Indenture (NCR Corp), Indenture (NCR Corp)

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Release of Subsidiary Guarantor. A Subsidiary Guarantor shall be automatically released from its obligations under this Article 10 (other than any obligation that may have arisen under Section 10.0710.7) upon: (a) (i) the designation release of such Subsidiary Guarantor from its obligations as an Unrestricted a guarantor under the Revolving Credit Facility or in respect of such other debt that caused it to become a Subsidiary in accordance with the terms of this IndentureGuarantor under Section 4.7, so long as such Subsidiary Guarantor would not then otherwise be required to be a Subsidiary Guarantor pursuant to Section 4.7;

Appears in 4 contracts

Samples: Indenture (MSCI Inc.), Indenture (MSCI Inc.), Indenture (MSCI Inc.)

Release of Subsidiary Guarantor. A Subsidiary Guarantor shall be automatically released from its obligations under this Article 10 (other than any obligation that may have arisen under Section 10.07) upon: (a) (i) the designation of such Subsidiary Guarantor as an Unrestricted Subsidiary in accordance with the terms of this Indenture;

Appears in 3 contracts

Samples: Indenture (Neustar Inc), Indenture (NCR Corp), Indenture (NCR Corp)

Release of Subsidiary Guarantor. A Subsidiary Guarantor shall be automatically released from its obligations under this Article 10 (other than any obligation that may have arisen under Section 10.0710.7) upon: (a) (i) the designation of such Subsidiary Guarantor as an Unrestricted Subsidiary in accordance with the terms of this Indenture;

Appears in 2 contracts

Samples: Indenture (Verisign Inc/Ca), Indenture (Verisign Inc/Ca)

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Release of Subsidiary Guarantor. A Subsidiary Guarantor shall be automatically and irrevocably released from its obligations under this Article 10 (other than any obligation that may have arisen under Section 10.07) upon: (a) (i) the designation of such Subsidiary Guarantor as an Unrestricted Subsidiary in accordance with the terms of this Indenture;

Appears in 1 contract

Samples: Indenture (NCR Atleos, LLC)

Release of Subsidiary Guarantor. A Under the circumstances provided for in Section 5.01(b), a Subsidiary Guarantor shall be automatically deemed released from its all obligations under this Article 10 (other than 11 without any obligation that may have arisen under Section 10.07) upon: (a) (i) further action required on the designation part of the Trustee or any Holder. At the request of the Company, the Trustee shall execute and deliver an appropriate instrument evidencing such Subsidiary Guarantor as an Unrestricted Subsidiary in accordance with the terms of this Indenture;release.

Appears in 1 contract

Samples: Indenture (Radio One Inc)

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