Common use of Termination of Kraft Foods Guaranty Clause in Contracts

Termination of Kraft Foods Guaranty. Notwithstanding anything to the contrary contained herein, upon consummation of the Spin-Off, the Kraft Foods Guaranty shall automatically terminate and Kraft Foods shall automatically be released from the Kraft Foods Guaranty and from all claims, liabilities or obligations thereunder or in respect thereof. The Administrative Agent, at the request of Kraft Foods Group or Kraft Foods and at the sole expense of Kraft Foods Group, shall execute and deliver to Kraft Foods Group and Kraft Foods all releases or other documents reasonably requested to evidence such termination and release.

Appears in 4 contracts

Samples: Revolving Credit Agreement, Revolving Credit Agreement (Kraft Foods Group, Inc.), Revolving Credit Agreement (Kraft Foods Inc)

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