Common use of Release of Subsidiary Guarantors Clause in Contracts

Release of Subsidiary Guarantors. (a) Concurrently with any consolidation or merger of a Subsidiary Guarantor or any sale or conveyance of the property of a Subsidiary Guarantor as an entirety or substantially as an entirety, in each case as permitted by Section 1303 hereof, and upon delivery by the Company to the Trustee of an Officers' Certificate and an Opinion of Counsel to the effect that such consolidation, merger, sale or conveyance was made in accordance with Section 1303 hereof, the Trustee shall execute any documents reasonably required in order to evidence the release of such Subsidiary Guarantor from its obligations under its Subsidiary Guarantees endorsed on the Securities and under this Article Thirteen. Any Subsidiary Guarantor not released from its obligations under its Subsidiary Guarantees endorsed on the Securities and under this Article Thirteen shall remain liable for the full amount of principal of and interest on the Securities and for the other obligations of a Subsidiary Guarantor under its Subsidiary Guarantees endorsed on the Securities and under this Article Thirteen.

Release of Subsidiary Guarantors. (a) Concurrently with any consolidation or merger of a Subsidiary Guarantor or any sale or conveyance of the property of a Subsidiary Guarantor as an entirety or substantially as an entirety, in each case as to the extent expressly permitted by Section 1303 hereofhereunder, and upon delivery by the Company to the Trustee of an Officers' Certificate and an Opinion of Counsel to the effect that such consolidation, merger, sale or conveyance was made in accordance with Section 1303 the terms and provisions hereof, the Trustee shall execute any documents reasonably required in order to evidence the release of such Subsidiary Guarantor from its obligations under its Subsidiary Guarantees Guarantee endorsed on the Securities and under this Article ThirteenXII. Any Subsidiary Guarantor not released from its obligations under its Subsidiary Guarantees Guarantee endorsed on the Securities and under this Article Thirteen XII shall remain liable for the full amount of principal of of, premium, if any, and interest on the Securities and for the other obligations of a Subsidiary Guarantor under its Subsidiary Guarantees Guarantee endorsed on the Securities and under this Article ThirteenXII.

Release of Subsidiary Guarantors. (a) Concurrently with any consolidation or merger of a Subsidiary Guarantor or any sale or conveyance conveyance, transfer of the property of a Subsidiary Guarantor as an entirety or substantially as an entirety, in each case as permitted by Section 1303 1503 hereof, and upon delivery by the Company to the Trustee of an Officers' Certificate and an Opinion of Counsel to the effect that such consolidation, merger, sale conveyance, transfer or conveyance lease was made in accordance with Section 1303 1503 hereof, the Trustee shall execute any documents reasonably required in order to evidence acknowledge the release of such Subsidiary Guarantor from its obligations under its Subsidiary Guarantees Guarantee endorsed on the Securities and under this Article ThirteenFifteen. Any Subsidiary Guarantor not released from its obligations under its Subsidiary Guarantees Guarantee endorsed on the Securities and under this Article Thirteen Fifteen shall remain liable for the full amount of principal of (premium, if any) and interest on the Securities of a series as to which it is a Subsidiary Guarantor and for the other obligations of a Subsidiary Guarantor under its Subsidiary Guarantees Guarantee endorsed on the such Securities and under this Article ThirteenFifteen.

Release of Subsidiary Guarantors. (a) Concurrently with any consolidation or merger of a Subsidiary Guarantor or any sale conveyance, transfer or conveyance lease of the property of a Subsidiary Guarantor as an entirety or substantially as an entirety, in each case as permitted by Section 1303 13.03 hereof, and upon delivery by the Company to the Trustee of an Officers' Officer's Certificate and an Opinion of Counsel to the effect that such consolidation, merger, sale conveyance, transfer or conveyance lease was made in accordance with Section 1303 13.03 hereof, the Trustee shall execute any documents reasonably required in order to evidence acknowledge the release of such Subsidiary Guarantor from its obligations under its Subsidiary Guarantees Guarantee endorsed on the Securities and under this Article ThirteenXIII. Any Subsidiary Guarantor not released from its obligations under its Subsidiary Guarantees Guarantee endorsed on the Securities and under this Article Thirteen XIII shall remain liable for the full amount of principal of (and premium, if any) and interest on the Securities of a series as to which it is a Subsidiary Guarantor and for the other obligations of a Subsidiary Guarantor under its Subsidiary Guarantees Guarantee endorsed on the such Securities and under this Article ThirteenXIII.

Release of Subsidiary Guarantors. (a) Concurrently with any consolidation or merger of a Subsidiary Guarantor or any sale or conveyance of the property Property of a Subsidiary Guarantor as an entirety or substantially as an entirety, in each case as permitted by Section 1303 13.3 hereof, and upon delivery by the Company to the Trustee of an Officers' Certificate and an Opinion of Counsel to the effect that such consolidation, merger, sale or conveyance was made in accordance with Section 1303 13.3 hereof, the Trustee shall execute any documents reasonably required in order to evidence the release of such Subsidiary Guarantor from its obligations under its Subsidiary Guarantees endorsed on the Securities and under this Article ThirteenXIII. Any Subsidiary Guarantor not released from its obligations under its Subsidiary Guarantees endorsed on the Securities and under this Article Thirteen XIII shall remain liable for the full amount of principal of (and premium and Liquidated Damages, if any) and interest on the Securities and for the other obligations of a Subsidiary Guarantor under its Subsidiary Guarantees endorsed on the Securities and under this Article ThirteenXIII.

Release of Subsidiary Guarantors. (a) Concurrently with any consolidation or merger of a Subsidiary Guarantor or any sale sale, transfer, assignment, lease, conveyance or conveyance other disposition of the property of a Subsidiary Guarantor as an entirety or substantially as an entirety, in each case as permitted by Section 1303 13.3 hereof, and upon delivery by the Company to the Trustee of an Officers' Certificate and an Opinion of Counsel to the effect that such consolidation, merger, sale sale, transfer, assignment, conveyance or conveyance other disposition was made in accordance with Section 1303 13.3 hereof, the Trustee shall execute any documents reasonably required in order to evidence acknowledge the release of such Subsidiary Guarantor from its obligations under its Subsidiary Guarantees Guaranty endorsed on the Securities and under this Article ThirteenIndenture. Any Subsidiary Guarantor not released from its obligations under its Subsidiary Guarantees Guaranty endorsed on the Securities and under this Article Thirteen Indenture shall remain liable for the full amount of principal of (premium, if any) and interest (including Additional Sums and Additional Amounts, if any) on the Securities and for the other obligations of a Subsidiary Guarantor under its Subsidiary Guarantees Guaranty endorsed on the Securities and under this Article ThirteenIndenture.