Common use of Releases of Securities Guarantees Clause in Contracts

Releases of Securities Guarantees. (a) SUI will be released and relieved of any obligations under its Notes Guarantee immediately upon (i) Legal Defeasance with respect to the Notes in accordance with Article Thirteen of this Indenture or satisfaction and discharge of this Indenture with respect to the Notes in accordance with Article Four of this Indenture or (ii) the merger of SUI with and into the Company.

Appears in 5 contracts

Samples: Fourth Supplemental Indenture (Sun Communities Inc), Indenture (Sun Communities Inc), Supplemental Indenture (Sun Communities Inc)

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