Common use of Term of this Guarantee Clause in Contracts

Term of this Guarantee. This Guarantee shall continue in full force and effect until the Obligations and the obligations of each Guarantor hereunder shall be paid in full and the Commitments shall have been terminated. Upon such payment and termination, this Guarantee shall automatically terminate and the Guarantee hereunder released and the Administrative Agent and the Lenders shall, upon the request of any Guarantor and at the expense of such Guarantor, execute such documents and instruments evidencing such termination and release.

Appears in 2 contracts

Samples: Credit Agreement (Bear Island Finance Co Ii), Credit Agreement (Bear Island Finance Co Ii)

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Term of this Guarantee. This Guarantee shall continue in full force and effect until the Obligations and the obligations of each the Guarantor hereunder shall be paid in full and the Commitments shall have been terminated. Upon such payment and termination, this Guarantee shall automatically terminate and the Guarantee guarantee hereunder released and the Administrative Agent and the Lenders shall, upon the request of any the Guarantor and at the expense of such the Guarantor, execute such documents and instruments evidencing such termination and release.

Appears in 2 contracts

Samples: Timberlands Pledge Agreement (Bear Island Finance Co Ii), Credit Agreement (Bear Island Finance Co Ii)

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