Common use of Sale of Capital Stock of a Guarantor Clause in Contracts

Sale of Capital Stock of a Guarantor. In the event that all of the capital stock of one or more Guarantors is sold or otherwise disposed of or liquidated in connection with a sale or other disposition that has been approved in writing by the Required Lenders (or all Lenders, as applicable, if required by Section 11.12 of the Credit Agreement) and the proceeds of such sale, disposition or liquidation are applied, to the extent applicable, in accordance with the provisions of the Credit Agreement, such Guarantor shall, in accordance with Section 11.12 of the Credit Agreement, be released from this Guaranty and this Guaranty shall, as to each such Guarantor or Guarantors, terminate, and have no further force or effect.

Sale of Capital Stock of a Guarantor. In the event that all of the capital stock of one or more Guarantors is sold or otherwise disposed of or liquidated in connection compliance with a the requirements of Section 7.02 of the Credit Agreement (or such sale or other disposition that has been approved in writing by the Required Lenders (or all Lenders, as applicable, if required by Section 11.12 of the Credit Agreement)) and the proceeds of such sale, disposition or liquidation are applied, to the extent applicable, in accordance with the provisions of the Credit Agreement, such Guarantor shall, in accordance with Section 11.12 11.12(d) of the Credit Agreement, be released from this Guaranty and this Guaranty shall, as to each such Guarantor or Guarantors, terminate, and have no further force or effect.

Sale of Capital Stock of a Guarantor. In the event that all of the capital stock of one or more Guarantors is sold or otherwise disposed of or liquidated in connection compliance with a the requirements of Section 7.02 of the Credit Agreement (or such sale or other disposition that has been approved in writing by the Required Lenders (or all Lenders, as applicable, if required by Section 11.12 of the Credit Agreement)) and the proceeds of such sale, disposition or liquidation are applied, to the extent applicable, in accordance with the provisions of the Credit Agreement, such Guarantor shall, in accordance with Section 11.12 11.12(a)(ii)(B) of the Credit Agreement, be released from this Guaranty and this Guaranty shall, as to each such Guarantor or Guarantors, terminate, and have no further force or effect.

Sale of Capital Stock of a Guarantor. In the event that all of the capital stock of one or more Guarantors guarantors is sold or otherwise disposed of or liquidated in connection with a sale or other disposition that has been approved in writing by the Required Lenders required lenders (or all Lenderslenders, as applicable, if required by Section section 11.12 of the Credit Agreementcredit agreement) and the proceeds of such sale, disposition or liquidation are applied, to the extent applicable, in accordance with the provisions of the Credit Agreementcredit agreement, such Guarantor guarantor shall, in accordance with Section section 11.12 of the Credit Agreementcredit agreement, be released from this Guaranty guaranty and this Guaranty guaranty shall, as to each such Guarantor guarantor or Guarantorsguarantors, terminate, and have no further force or effect.

Sale of Capital Stock of a Guarantor. In the event that all of the capital stock Equity Interests of one or more Guarantors is sold or otherwise disposed of or liquidated in connection compliance with a the requirements of Section 7.02 of the Credit Agreement (or such sale or other disposition that has been approved in writing by the Required Lenders (or all Lenders, as applicable, if required by Section 11.12 of the Credit Agreement)) and the proceeds of such sale, disposition or liquidation are applied, to the extent applicable, in accordance with the provisions of the Credit Agreement, such Guarantor shall, in accordance with Section 11.12 11.12(a) of the Credit Agreement, be released from this Guaranty and this Guaranty shall, as to each such Guarantor or Guarantors, terminate, and have no further force or effect.