Common use of Termination of Guarantee Clause in Contracts

Termination of Guarantee. Each Guarantee (taken individually) shall be automatically released and shall terminate upon (i) the merger of the respective Guarantor with or into any other Obligor, (ii) the consolidation of the respective Guarantor with another Obligor or (iii) the transfer of all or substantially all of the assets of the respective Guarantor to another Obligor. At the request of the Company, the Trustee will execute and deliver any documents, instructions or instruments evidencing any such release.

Appears in 9 contracts

Samples: Supplemental Indenture (WestRock Co), Third Supplemental Indenture (Rock-Tenn CO), Fourth Supplemental Indenture (Rock-Tenn CO)

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Termination of Guarantee. Each Guarantee guarantee (taken individually) shall be automatically released and shall terminate upon (i) the merger of the respective New Guarantor with or into any other Obligor, (ii) the consolidation of the respective New Guarantor with another Obligor or (iii) the transfer of all or substantially all of the assets of the respective New Guarantor to another Obligor. At the request of the Company, the Trustee will execute and deliver any documents, instructions or instruments evidencing any such release.

Appears in 3 contracts

Samples: Supplemental Indenture (MEADWESTVACO Corp), Supplemental Indenture (Rock-Tenn CO), Supplemental Indenture (WestRock Co)

Termination of Guarantee. Each The Guarantee (taken individually) shall be automatically released and shall terminate upon (i) the merger of the respective New Guarantor with or into any other Obligor, (ii) the consolidation of the respective New Guarantor with another Obligor or (iii) the transfer of all or substantially all of the assets of the respective New Guarantor to another Obligor. At the request of the Company, and subject to Section 102 of the Indenture, the Trustee will execute and deliver any documents, instructions or instruments evidencing any such release.

Appears in 3 contracts

Samples: Second Supplemental Indenture (WestRock Co), Fifth Supplemental Indenture (WestRock Co), Fourth Supplemental Indenture (WestRock Co)

Termination of Guarantee. Each The Guarantee (taken individually) of each New Guarantor shall be automatically released and shall terminate upon (i) the merger of the respective such New Guarantor with or into any other Obligor, (ii) the consolidation of the respective such New Guarantor with another Obligor or (iii) the transfer of all or substantially all of the assets of the respective such New Guarantor to another Obligor. At the written request of the CompanyIssuer, and subject to Section 102 of the Indenture, the Trustee will execute and deliver any documents, instructions documents or instruments evidencing reasonably required to evidence any such release.

Appears in 2 contracts

Samples: Supplemental Indenture (Smurfit WestRock PLC), Supplemental Indenture (Smurfit WestRock PLC)

Termination of Guarantee. Each The Guarantee (taken individually) shall be automatically released and shall terminate upon (i) the merger of the respective New Guarantor with or into any other another Obligor, (ii) the consolidation of the respective New Guarantor with another Obligor or (iii) the transfer of all or substantially all of the assets of the respective New Guarantor to another Obligor. At the request of the Company, and subject to Section 11.4 of the Indenture, the Trustee will execute and deliver any documents, instructions or instruments evidencing any such release.

Appears in 1 contract

Samples: Third Supplemental Indenture (WestRock Co)

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Termination of Guarantee. Each Guarantee (taken individually) shall be automatically released and shall terminate upon (ia) the merger of the respective Guarantor with or into any other another Obligor, (iib) the consolidation of the respective Guarantor with another Obligor or Obligor, (iiic) the transfer of all or substantially all of the assets of the respective Guarantor to another Obligor. At , or (d) the request termination of a Guarantor's guarantee of the Company's obligations under each of the Bank Credit Facilities. For the purposes of this Section 1402, the Trustee will execute and deliver any documents, instructions or instruments evidencing any such release."

Appears in 1 contract

Samples: Indenture (Meadwestvaco Corp)

Termination of Guarantee. Each The Guarantee (taken individually) shall be automatically released and shall terminate upon (i) the merger of the respective New Guarantor with or into any other Obligor, (ii) the consolidation of the respective New Guarantor with another Obligor or (iii) the transfer of all or substantially all of the assets of the respective New Guarantor to another Obligor. At the request of the Company, the Trustee will execute and deliver any documents, instructions or instruments evidencing any such release.

Appears in 1 contract

Samples: Eighth Supplemental Indenture (WRKCo Inc.)

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