Common use of TERMINATION OF THE GUARANTY Clause in Contracts

TERMINATION OF THE GUARANTY. This Guaranty shall remain in effect unless and until all of the Indebtedness shall have been paid in full, the Letters of Credit have expired or been terminated, and the Commitment has been terminated. At such time, subject to subsection 2.11, this Guaranty shall automatically terminate without any action on the part of any party hereto.

TERMINATION OF THE GUARANTY. This Guaranty shall remain in effect unless and and, until all of the Indebtedness shall have been paid in full, the Letters of Credit have expired or been terminated, and the Commitment has been terminated. At such time, subject to subsection 2.11, this Guaranty shall automatically terminate without any action on the part of any party hereto.