Common use of Termination and Discharge Clause in Contracts

Termination and Discharge. (a) Subject to reinstatement pursuant to Section 1 hereof, this Guaranty, and the Guarantor’s obligations hereunder (excluding the Guarantor’s obligations relating to Unasserted Obligations that expressly survive such termination) shall terminate on the Facility Termination Date. (b) While the Credit Agreement is in effect, if (A) all or a majority of the stock of the Guarantor or any of its successors in interest under this Guaranty shall be sold or otherwise disposed of (including by merger or consolidation) in accordance with the terms of the Loan Documents or (B) the Guarantor shall liquidate or dissolve in accordance with the terms of the Loan Documents, then, in each case the obligations of the Guarantor or such successor in interest, as the case may be, hereunder shall automatically be discharged and released without any further action by the Administrative Agent or any other Person (including any other Lender Group member) effective as of the time of such sale, merger, liquidation or dissolution. (c) Upon any termination of the Guaranty or any discharge and release of the Guarantor’s obligations hereunder, in each case as described in subsections (a) and (b) of this Section 15, the Administrative Agent will, at the Guarantor’s expense, execute and deliver to the Guarantor such documents and take such further actions as the Guarantor shall reasonably request to evidence such termination, discharge or release.

Termination and Discharge. (a) Subject to reinstatement pursuant to Section 1 hereof, this Guaranty, and the each Guarantor’s obligations hereunder (excluding the such Guarantor’s obligations relating to Unasserted Obligations that expressly survive such termination) shall terminate on the Facility Termination Date. (b) While the Credit Agreement is in effect, if (A) all or a majority of the stock of the a Guarantor or any of its successors in interest under this Guaranty shall be sold or otherwise disposed of (including by merger or consolidation) in accordance with the terms of the Loan Documents or (B) the a Guarantor shall liquidate or dissolve in accordance with the terms of the Loan Documents, then, in each case the obligations of the such Guarantor or such successor in interest, as the case may be, hereunder shall automatically be discharged and released without any further action by the Administrative Agent or any other Person (including any other Lender Group memberSecured Party) effective as of the time of such sale, merger, liquidation or dissolution. (c) Upon any termination of the Guaranty or any discharge and release of the a Guarantor’s obligations hereunder, in each case as described in subsections (a) and (b) of this Section 1516, the Administrative Agent will, at the applicable Guarantor’s expense, execute and deliver to the such Guarantor such documents and take such further actions as the such Guarantor shall reasonably request to evidence such termination, discharge or release.

Termination and Discharge. (a) Subject to reinstatement pursuant to Section 1 hereof, this Guaranty, and the Guarantor’s obligations hereunder (excluding the Guarantor’s obligations relating to Unasserted Obligations that expressly survive such termination) shall terminate on the Facility Termination Date. (b) While the Credit Agreement is in effect, if (A) all or a majority of the stock of the Guarantor or any of its successors in interest under this Guaranty shall be sold or otherwise disposed of (including by merger or consolidation) in accordance with the terms of the Loan Documents or (B) the Guarantor shall liquidate or dissolve in accordance with the terms of the Loan Documents, then, in each case the obligations of the Guarantor or such successor in interest, as the case may be, hereunder shall automatically be discharged and released without any further action by the Administrative Agent or any other Person (including any other Lender Group memberSecured Party) effective as of the time of such sale, merger, liquidation or dissolution. (c) Upon any termination of the Guaranty or any discharge and release of the Guarantor’s obligations hereunder, in each case as described in subsections (a) and (b) of this Section 15, the Administrative Agent will, at the Guarantor’s expense, execute and deliver to the Guarantor such documents and take such further actions as the Guarantor shall reasonably request to evidence such termination, discharge or release.

Termination and Discharge. (a) Subject to reinstatement pursuant to Section 1 hereof, this Guaranty, and the Guarantor’s obligations hereunder (excluding the Guarantor’s obligations relating to Unasserted Obligations that expressly survive such termination) shall terminate on the Facility Termination Date. (b) While the Credit Agreement is in effect, if (A) all or a majority of the stock of the Guarantor or any of its successors in interest under this Guaranty shall be sold or otherwise disposed of (including by merger or consolidation) in accordance with the terms of the Loan Documents or (B) the Guarantor shall liquidate or dissolve in accordance with the terms of the Loan Documents, then, in each case the obligations of the Guarantor or such successor in interest, as the case may be, hereunder shall automatically be discharged and released without any further action by the Administrative Agent or any other Person (including any other Lender Group memberSecured Party) effective as of the time of such sale, merger, liquidation or dissolution. (c) Upon any termination of the Guaranty or any discharge and release of the Guarantor’s obligations hereunder, in each case as described in subsections (a) and (b) of this Section 15, the Administrative Agent will, at the Guarantor’s expense, execute and deliver to the Guarantor such documents and take such further actions as the Guarantor shall reasonably request to evidence such termination, discharge or release.

Termination and Discharge. (a) Subject to reinstatement pursuant to Section 1 hereof, this Guaranty, and the each Guarantor’s obligations hereunder (excluding the such Guarantor’s obligations relating to Unasserted Obligations that expressly survive such termination) shall terminate on the Facility Termination Date. (b) . • While the Credit Agreement is in effect, if (A) all or a majority of the stock of the a Guarantor or any of its successors in interest under this Guaranty or that of its direct or indirect parent shall be sold or otherwise disposed of (including by merger or consolidation) in accordance with the terms of the Loan Documents or (B) the a Guarantor shall liquidate or dissolve in accordance with the terms of the Loan Documents, then, in each case the obligations of the such Guarantor or such successor in interest, as the case may be, hereunder shall automatically be discharged and released without any further action by the Administrative Agent or any other Person (including any other Lender Group member) effective as of the time of such sale, merger, liquidation or dissolution. (c) . • Upon any termination of the Guaranty or any discharge and release of the a Guarantor’s obligations hereunder, in each case as described in subsections (a) and (b) of this Section 1516, the Administrative Agent will, at the applicable Guarantor’s expense, execute and deliver to the such Guarantor such documents and take such further actions as the such Guarantor shall reasonably request to evidence such termination, discharge or release.

Termination and Discharge. (a) Subject to reinstatement pursuant to Section 1 hereof, this Guaranty, and the each Guarantor’s obligations hereunder (excluding the such Guarantor’s obligations relating to Unasserted Obligations that expressly survive such termination) shall terminate on the Facility Termination Date. (b) While the Credit Agreement is in effect, if (A) all or a majority of the stock of the a Guarantor or any of its successors in interest under this Guaranty shall be sold or otherwise disposed of (including by merger or consolidation) in accordance with the terms of the Loan Documents or (B) the a Guarantor shall liquidate or dissolve in accordance with the terms of the Loan Documents, then, in each case the obligations of the such Guarantor or such successor in interest, as the case may be, hereunder shall automatically be discharged and released without any further action by the Administrative Agent or any other Person (including any other Lender Group memberSecured Party) effective as of the time of such sale, merger, liquidation or dissolution. (c) Upon any termination of the Guaranty or any discharge and release of the a Guarantor’s obligations hereunder, in each case as described in subsections (a) and (b) of this Section 1516, the Administrative Agent will, at the applicable Guarantor’s expense, execute and deliver to the such Guarantor such documents and take as such further actions as the Guarantor shall reasonably request to evidence such termination, discharge or release.