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. 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. 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 Agents a notice of such termination as soon as reasonably practicable after such termination.

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.