Common use of Release of the Guarantors Clause in Contracts

Release of the Guarantors. (a) Upon the consolidation or merger of a Guarantor with or into any Person, or the transfer, sale, lease or other disposition of all or substantially all of its assets to any Person in compliance with Article VIII, such Guarantor's Guarantee will be automatically discharged and released from all obligations under this Article XIII without any further action required on the part of the Trustee or any Holder; provided, however, the successor Person expressly assumes such Guarantor's obligations under the Guarantee, under the Indenture and under the Registration Rights Agreement pursuant to Article VIII.

Release of the Guarantors. (a) Upon the consolidation or merger of a Guarantor with or into any Person, or the transfer, sale, lease or other disposition of all or substantially all of its assets to any Person in compliance with Article VIII, such Guarantor's ’s Guarantee will be automatically discharged and released from all obligations under this Article XIII without any further action required on the part of the Trustee or any Holder; provided, however, the successor Person expressly assumes such Guarantor's ’s obligations under the Guarantee, under Guarantee and the Indenture and under the Registration Rights Agreement pursuant to Article VIIIIndenture.

Release of the Guarantors. (a) Upon the consolidation or merger of a Guarantor with or into any Person, or the transfer, sale, lease or other disposition of all or substantially all of its assets to any Person in compliance with Article VIII, such Guarantor's ’s Guarantee will be automatically discharged and released from all obligations under this Article XIII without any further action required on the part of the Trustee or any Holder; provided, however, the successor Person expressly assumes such Guarantor's ’s obligations under the Guarantee, under the Indenture and under the Registration Rights Agreement pursuant to Article VIII.

Release of the Guarantors. (a) Upon the consolidation or merger of a Guarantor with or into any Person, or the transfer, sale, lease or other disposition of all or substantially all of its assets to any Person in compliance with Article VIII, such Guarantor's ’s Guarantee will be automatically discharged and released from all obligations under this Article XIII XIV without any further action required on the part of the Trustee or any Holder; provided, however, the successor Person expressly assumes such Guarantor's ’s obligations under the Guarantee, under Guarantee and the Indenture and under the Registration Rights Agreement pursuant to Article VIIIIndenture.