Common use of Termination of Guaranty Upon Divestiture Clause in Contracts

Termination of Guaranty Upon Divestiture. The obligations of any Guarantor under this Article X shall automatically terminate as to such Guarantor upon any consolidation, merger, sale or other disposition or liquidation or dissolution permitted by Section 9.3 as a result of which such Guarantor is no longer a Subsidiary of the Parent Borrower immediately after the consummation of such transaction and any outstanding amounts owing in respect of such obligations shall have been paid in full.

Termination of Guaranty Upon Divestiture. The obligations of any Guarantor under this Article X shall automatically terminate as to such Guarantor upon any consolidation, merger, sale or other disposition or liquidation or dissolution permitted by made in accordance with Section 9.3 as a result of which such Guarantor is no longer a Subsidiary of the Parent Borrower immediately after the consummation of such transaction and any outstanding amounts owing in respect of such obligations shall have been paid in full.

Termination of Guaranty Upon Divestiture. The obligations of any Guarantor under this Article X IX shall automatically terminate as to such Guarantor upon any consolidation, merger, sale or other disposition or liquidation or dissolution permitted by made in accordance with Section 9.3 8.03 as a result of which such Guarantor is no longer a Subsidiary of the Parent Borrower Parent, BAX or Brink's, as applicable, immediately after the consummation of such transaction and any outstanding amounts owing in respect of such obligations shall have been paid in full.

Termination of Guaranty Upon Divestiture. The obligations of any Guarantor under this Article X IX shall automatically terminate as to such Guarantor upon any consolidation, merger, sale or other disposition or liquidation or dissolution permitted by made in accordance with Section 9.3 8.03 as a result of which such Guarantor is no longer a Subsidiary of the Parent Borrower immediately after the consummation of such transaction and transaction, provided that any outstanding amounts owing in respect of then due and payable by such obligations Guarantor under this Article IX shall have been paid in full.

Termination of Guaranty Upon Divestiture. The obligations of any Guarantor under this Article X IX shall automatically terminate as to such Guarantor upon any consolidation, merger, sale or other disposition or liquidation or dissolution permitted by Section 9.3 8.03 as a result of which such Guarantor is no longer a Subsidiary of the Parent Borrower immediately after the consummation of such transaction and any outstanding amounts owing in respect of such obligations shall have been paid in full.

Termination of Guaranty Upon Divestiture. The obligations of any Guarantor under this Article X IX shall automatically terminate as to such Guarantor upon any consolidation, merger, sale or other disposition or liquidation or dissolution permitted by Section 9.3 8.03 as a result of which such Guarantor is no longer a Subsidiary of the Parent Borrower immediately after the consummation of such transaction and any outstanding amounts owing in respect of such obligations shall have been paid in full.

Termination of Guaranty Upon Divestiture. The obligations of any Guarantor under this Article X Section 13 shall automatically terminate as to such Guarantor upon any consolidation, merger, sale or other disposition or liquidation or dissolution permitted by Section 9.3 10.7 as a result of which such Guarantor is no longer a Subsidiary of the Parent Borrower Company immediately after the consummation of such transaction and any outstanding amounts owing in respect of such obligations shall have been paid in full.