Release of the Guarantor. The Guarantor will be automatically discharged and released from all obligations under this Guarantee without any further action required if (i) the Notes have been paid in full or are no longer Outstanding, (ii) the Guarantor is dissolved or liquidated or (iii) if the corporation that is then the “Company” (for purposes of this clause (iii) only, as such term is defined under the Indenture) is no longer a corporation of which more than 50% of the total ordinary voting power of shares of capital stock entitled to vote in the election of directors is owned, directly or indirectly, by the Guarantor.
Release of the Guarantor. 20.1 If the Guarantee terminates and the Guarantor is released from its obligations in respect of the Notes pursuant to Condition 2(c) (Termination of Guarantee), the Guarantor will be deemed to be simultaneously released from its rights and obligations as the Guarantor under this Agreement from (and including) the Guarantee Termination Date, without prejudice to any obligations which may have accrued prior to that time, without the need for any further act or thing to be done.
20.2 Pursuant to the terms of Condition 2(c), the Issuer shall deliver to the Agent a notice of such termination as soon as reasonably practicable after such termination.
Release of the Guarantor. Concurrently with the discharge of the Securities under Section 8.01, each Guarantor shall be released from all its obligations under its Guarantee under this Article Thirteen. So long as no Default exists or with notice or lapse of time or both, would exist, the Guarantee issued by any Guarantor shall be automatically and unconditionally released and discharged upon (a) any sale, exchange or transfer to any Person that is not an Affiliate of the Company of all of the Capital Stock of such Guarantor owned by the Company, which transaction is otherwise in compliance with the Indenture or (b) any release or discharge of all guarantees by such Guarantor of any indebtedness or obligations of the Company other than the Guarantees of the Securities.
Release of the Guarantor. The Guarantee will remain in effect with respect to the Guarantor until (i) the entire principal of and interest on the Notes to which the Guarantee relates shall have been paid in full or otherwise discharged in accordance with the provisions of such Notes and this Indenture (including through delivery of the full number of shares of Common Stock (or other Reference Property) (including the Additional Shares and any cash payable in lieu of any fractional share) deliverable upon exchange of the Notes Outstanding) and (ii) all amounts owing to the Trustee hereunder have been paid or (iii) the Guarantor has been released from its obligations pursuant to Section 9.02; provided, however, that if the Notes are satisfied and discharged pursuant to Section 7.01, then upon delivery by the Issuer of an Officers’ Certificate and an Opinion of Counsel stating that all conditions precedent herein provided for relating to the release of the Guarantor from its obligations under its Guarantee and this Article 13 have been complied with, the Guarantor shall be released and discharged of its obligations under its Guarantee and under this Article 13 without any action on the part of the Trustee or any Holder, and the Trustee shall execute any documents reasonably required in order to acknowledge the release of the Guarantor from its obligations under its Guarantee endorsed on the Notes of a series and under this Article 13.
Release of the Guarantor. Concurrently with the discharge of the Securities under Section 1101, the Legal Defeasance of the Securities under Section 802 or the Covenant Defeasance of the Securities under Section 803, the Guarantor shall be released from all their obligations under its Guarantee under this Indenture. So long as no Default exists or upon the occurrence of the following events, with notice or lapse of time or both, would exist, the Guarantee and any Liens securing the Guarantee shall be automatically and unconditionally released and discharged upon: any sale, exchange, transfer to any Person that is not an Affiliate of the Company of all of the Company’s Capital Stock in the Guarantor, which transaction is otherwise in compliance with this Indenture.
Release of the Guarantor. (a) If no Default exists or would exist under this Indenture, upon (i) the sale or other disposition of all of the Capital Stock of the Guarantor, or (ii) the sale or disposition of all or substantially all of the assets of the Guarantor in compliance with all of the terms of this Indenture, the Guarantor's Guarantee shall be released, and the Guarantor shall be deemed released from all obligations under this Article Ten without any further action required on the part of the Trustee or any Holder. If the Guarantor is not so released the Guarantor or the entity surviving the Guarantor, as applicable, shall remain or be liable under its Guarantee as provided in this Article Ten.
(b) The Trustee shall deliver an appropriate instrument evidencing the release of the Guarantor upon receipt of a request by the Company or the Guarantor accompanied by an Officers' Certificate and an Opinion of Counsel certifying as to the compliance with this Section 10.04; provided the legal counsel delivering such Opinion of Counsel may rely as to matters of fact on one or more Officers Certificates of the Company. The Trustee shall execute any documents reasonably requested by the Company or the Guarantor in order to evidence the release of the Guarantor from its obligations under its Guarantee endorsed on the Notes and under this Article Eleven. Except as set forth in Articles Four and Five and this Section 10.04, nothing contained in this Indenture or in any of the Notes shall prevent any consolidation or merger of the Guarantor with or into the Company or shall prevent any sale or conveyance of the property of the Guarantor as an entirety or substantially as an entirety to the Company.
Release of the Guarantor. The Guarantor shall be released from its obligations under this Guarantee and its obligations under the other Indenture Documents upon payment in full of the principal of, and accrued and unpaid interest and premium, if any, and Additional Interest, if any, on the Notes and payment in full of all other Note Obligations with respect to such Notes that are due and payable at or prior to the time such principal, accrued and unpaid interest and premium are paid.
Release of the Guarantor. Any full or partial release of the liability of any other Relevant Party or any other Person liable for the Guaranteed Obligations, or any part thereof, or of any co-guarantors, or any other Person now or hereafter liable, whether directly or indirectly, jointly, severally, or jointly and severally, to pay, perform, guarantee or assure the payment of the Guaranteed Obligations, or any part thereof, it being recognized, acknowledged and agreed by the Guarantor that such Guarantor may be required to pay the Guaranteed Obligations in full without assistance or support of any other party, and such Guarantor has not been induced to enter into this Agreement on the basis of a contemplation, belief, understanding or agreement that other Persons will be liable to pay or perform the Guaranteed Obligations, or that the Administrative Agent will look to other Persons to pay or perform the Guaranteed Obligations.
Release of the Guarantor. (a) Concurrently with any consolidation or merger of the Guarantor as permitted by Section 5.1 hereof, and upon delivery to the Trustee of an Officers’ Certificate and an Opinion of Counsel, and the documents required by Section 12.3, to the effect that such consolidation, merger, sale or conveyance was made in accordance with Section 5.1 hereof, the Trustee shall execute any documents reasonably required in order to evidence the release of the Guarantor from its obligations under the Guarantee and under this Article X.
(b) Concurrently with the legal defeasance of the Notes under Section 8.1 hereof (complying with the conditions set forth in Section 8.2 hereof), the Guarantor shall be released from all of its obligations under the Guarantee and under this Article X.
Release of the Guarantor. Concurrently with the discharge of the Securities under Section 401 of this Indenture, the Guarantor shall be released from its obligations under the Guarantee. This Indenture may be executed in any number of counterparts, each of which so executed shall be deemed to be an original, but all such counterparts shall together constitute but one and the same Indenture.
