Common use of Substitute Guarantor Clause in Contracts

Substitute Guarantor. The then Guarantor (the “Departing Guarantor”) shall be released from obligations under Section 3 hereof on the following terms and conditions:

Appears in 3 contracts

Samples: Consolidated Guaranty Agreement, Consolidated Guaranty Agreement (Hospitality Properties Trust), Guaranty Agreement (Hospitality Properties Trust)

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Substitute Guarantor. The then Guarantor (the "Departing Guarantor") shall be released from obligations under Section 3 hereof on the following terms and conditions:

Appears in 2 contracts

Samples: Management Agreement (Hospitality Properties Trust), Guaranty Agreement (Hospitality Properties Trust)

Substitute Guarantor. The then Guarantor (the “Departing Guarantor”"DEPARTING GUARANTOR") shall be released from obligations under Section SECTION 3 hereof on the following terms and conditions:

Appears in 1 contract

Samples: Management Agreement (Hospitality Properties Trust)

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Substitute Guarantor. The then Guarantor (the “Departing GuarantorDEPARTING GUARANTOR”) shall be released from obligations under Section SECTION 3 hereof on the following terms and conditions:

Appears in 1 contract

Samples: Guaranty Agreement (Hospitality Properties Trust)

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