Common use of Releases Following Sale of Assets Clause in Contracts

Releases Following Sale of Assets. Concurrently with any sale or other disposition of all or substantially all of the assets of any Subsidiary Guarantor or all of the Capital Stock of any Subsidiary Guarantor, in each case, in compliance with the terms hereof, then such Subsidiary Guarantor (in the event of a sale or other disposition of all of the Capital Stock of such Subsidiary Guarantor) or the corporation acquiring the property (in the event of a sale or other disposition of all or substantially all of the assets of a Subsidiary Guarantor) shall be released from and relieved of its obligations under its Subsidiary Guarantee and under this Article VIII. Any Subsidiary Guarantor not released from its obligations under its Subsidiary Guarantee shall remain liable for the full amount of principal of and interest on the Loans and for the other obligations of any Subsidiary Guarantor under its Subsidiary Guarantee as provided in this Article VIII.

Releases Following Sale of Assets. Concurrently with any sale or other disposition of assets all or substantially all of the assets of any Subsidiary Guarantor or all of the Capital Stock of any Subsidiary Guarantor, in each case, in compliance with the terms hereof, then such Subsidiary Guarantor (in the event of a sale or other disposition of all of the Capital Stock of such Subsidiary Guarantor) or the corporation acquiring the property (in the event of a sale or other disposition of all or substantially all of the assets of a Subsidiary Guarantor) shall be released from and relieved of its obligations under its Subsidiary Agreement Guarantee and under this Article VIIISection 13. Any Subsidiary Guarantor not released from its obligations under its Subsidiary Agreement Guarantee shall remain liable for the full amount of principal of and interest on the Loans Advances and for the other obligations of any Subsidiary Guarantor under its Subsidiary the Agreement Guarantee as provided in this Article VIIISection 13.

Releases Following Sale of Assets. Concurrently with any sale or other disposition of all or substantially all of the assets of any Subsidiary Guarantor or all of the Capital Stock of any Subsidiary Guarantor, in each case, in compliance with the terms hereof, then such Subsidiary Guarantor (in the event of a sale or other disposition of all of the Capital Stock of such Subsidiary Guarantor) or the corporation acquiring the property (in the event of a sale or other disposition of all or substantially all of the assets of a Subsidiary Guarantor) shall be released from and relieved of its obligations under its Subsidiary Agreement Guarantee and under this Article VIIISection 13(k). Any Subsidiary Guarantor not released from its obligations under its Subsidiary Agreement Guarantee shall remain liable for the full amount of principal of and interest on the Loans Advances and for the other obligations of any Subsidiary Guarantor under its Subsidiary the Agreement Guarantee as provided in this Article VIIISection 13(k).

Releases Following Sale of Assets. Concurrently with any sale or other disposition of assets all or substantially all of the assets of any Subsidiary Guarantor or all of the Capital Stock of any Subsidiary Guarantor, in each case, in compliance with the terms hereof, then such Subsidiary Guarantor (in the event of a sale or other disposition of all of the Capital Stock of such Subsidiary Guarantor) or the corporation acquiring the property (in the event of a sale or other disposition of all or substantially all of the assets of a Subsidiary Guarantor) shall be released from and relieved of its obligations under its Agreement Subsidiary Guarantee and under this Article VIIISection 13. Any Subsidiary Guarantor not released from its obligations under its Agreement Subsidiary Guarantee shall remain liable for the full amount of principal of and interest on the Loans Advances and for the other obligations of any Subsidiary Guarantor under its the Agreement Subsidiary Guarantee as provided in this Article VIIISection 13.