Common use of Release of the Guarantor Clause in Contracts

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.

Appears in 5 contracts

Samples: Agency Agreement, Agency Agreement, Agency Agreement

AutoNDA by SimpleDocs

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 GuaranteeGuarantee ), 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.

Appears in 1 contract

Samples: Agency Agreement (Equinor Asa)

AutoNDA by SimpleDocs

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.Condition

Appears in 1 contract

Samples: Agency Agreement (Equinor Asa)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!