Common use of Release of Subsidiary Guarantors from Guarantee Clause in Contracts

Release of Subsidiary Guarantors from Guarantee. Each Subsidiary Guarantor will be released and relieved of any obligations under its Subsidiary Guarantee as set forth in the second paragraph of Section 1117, and the Subsidiary Guarantee of a Subsidiary Guarantor will also be released immediately:

Appears in 4 contracts

Samples: Supplemental Indenture, Supplemental Indenture (Approach Resources Inc), Supplemental Indenture (Oasis Petroleum Inc.)

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Release of Subsidiary Guarantors from Guarantee. Each (a) Notwithstanding any other provisions of this Indenture, the Subsidiary Guarantee of any Subsidiary Guarantor will shall be released upon the terms and relieved of any obligations under its Subsidiary Guarantee as subject to the conditions set forth in the second paragraph of this Section 1117, and the 1604. The Subsidiary Guarantee of a Subsidiary Guarantor will also be released immediatelyautomatically:

Appears in 2 contracts

Samples: Indenture (Stone Energy Corp), Indenture (Stone Energy Offshore, L.L.C.)

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