Common use of Release of the Senior Note Guarantee Clause in Contracts

Release of the Senior Note Guarantee. (a) Notwithstanding anything to the contrary contained in this Article 10, in the event that (i) any Guarantor Subsidiary shall no longer be obligated to guarantee any Debt under any Permitted Credit Facility, and (ii) no Default or Event of Default shall have occurred and be continuing, then, following compliance with the next following sentence, such Guarantor Subsidiary shall be released from its obligations under this Indenture and the Senior Note Guarantee of such Guarantor Subsidiary shall be of no further force or effect. Upon delivery by AK Steel to the Trustee of an Officers' Certificate and an Opinion of Counsel to the effect that the terms of this subsection (a) have been satisfied with respect to any Guarantor Subsidiary, the Trustee shall execute any documents reasonably required and reasonably acceptable in form and substance to the Trustee to evidence the release of such Guarantor Subsidiary from the obligations of its Senior Note Guarantee hereunder.

Release of the Senior Note Guarantee. (a) ------------------------------------ Notwithstanding anything to the contrary contained in this Article 10, in the event that (i) any Guarantor Subsidiary shall no longer be obligated to guarantee any Debt under any the Permitted Revolving Credit Facility, and (ii) no Default or Event of Default shall have occurred and be continuing, then, following compliance with the next following sentence, such Guarantor Subsidiary shall be released from its obligations under this Indenture and the Senior Note Guarantee of such Guarantor Subsidiary shall be of no further force or effect. Upon delivery by AK Steel to the Trustee of an Officers' Certificate and an Opinion of Counsel to the effect that the terms of this subsection (a) have been satisfied with respect to any Guarantor Subsidiary, the Trustee shall execute any documents reasonably required and reasonably acceptable in form and substance to the Trustee to evidence the release of such Guarantor Subsidiary from the obligations of its Senior Note Guarantee hereunder.