Common use of Termination, Release and Discharge Clause in Contracts

Termination, Release and Discharge. The New Guarantor’s Subsidiary Guarantee shall terminate and be of no further force or effect, and the New Guarantor shall be released and discharged from all obligations in respect of such Subsidiary Guarantee, as and when provided in Section 1303 of the Indenture.

Appears in 3 contracts

Samples: Collateral Trust Agreement (Tenneco Inc), Collateral Trust Agreement (Tenneco Inc), Phinia Inc.

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Termination, Release and Discharge. The Each New Subsidiary Guarantor’s 's Subsidiary Guarantee shall terminate and be of no further force or effect, and the each New Subsidiary Guarantor shall be released and discharged from all obligations in respect of such Subsidiary Guarantee, as and when provided in Section 1303 of the Indenture.

Appears in 2 contracts

Samples: First Supplemental Indenture (Venetian Blends, Inc.), First Supplemental Indenture (Venetian Blends, Inc.)

Termination, Release and Discharge. The New Subsidiary Guarantor’s 's Subsidiary Guarantee shall terminate and be of no further force or effect, and the New Subsidiary Guarantor shall be released and discharged from all obligations in respect of such its Subsidiary Guarantee, as and when provided in Section 1303 of the Indenture.

Appears in 2 contracts

Samples: Iesi Corp, TWS of Southwestern Oklahoma Inc

Termination, Release and Discharge. The New Guarantor’s 's Subsidiary Guarantee shall terminate and be of no further force or effect, and the New Guarantor shall be released and discharged from all obligations in respect of such Subsidiary Guarantee, as and when provided in Section 1303 13.07 of the Indenture.

Appears in 2 contracts

Samples: Indenture (Leiner Health Products Inc), Indenture (Leiner Health Products Inc)

Termination, Release and Discharge. The New Subsidiary Guarantor’s Subsidiary Guarantee shall terminate and be of no further force or effect, and the New Subsidiary Guarantor shall be released and discharged from all obligations in respect of such its Subsidiary Guarantee, as and when provided in Section 1303 of the Indenture.

Appears in 1 contract

Samples: Eleventh Supplemental Indenture (Cornerstone Building Brands, Inc.)

Termination, Release and Discharge. The [The][Each] New Guarantor’s Subsidiary Guarantee shall terminate and be of no further force or effect, and the such New Guarantor shall be released and discharged from all obligations in respect of such Subsidiary Guarantee, as and when provided in Section 1303 of the Indenture.

Appears in 1 contract

Samples: Phinia Inc.

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Termination, Release and Discharge. The Each New Subsidiary Guarantor’s Subsidiary Guarantee shall terminate and be of no further force or effect, and the each New Subsidiary Guarantor shall be released and discharged from all obligations in respect of such Subsidiary Guarantee, its Guarantee as and when provided in Section 1303 Article 11 of the Indenture.

Appears in 1 contract

Samples: First Supplemental Indenture (Valassis Communications Inc)

Termination, Release and Discharge. The New Subsidiary Guarantor’s Subsidiary Guarantee shall terminate and be of no further force or effect, and the New Subsidiary Guarantor shall be released and discharged from all obligations in respect of such Subsidiary its Guarantee, as and when provided in Section 1303 Article 11 of the Indenture.

Appears in 1 contract

Samples: Second Supplemental Indenture (Valassis Communications Inc)

Termination, Release and Discharge. The Each New Subsidiary Guarantor’s Subsidiary Guarantee shall terminate and be of no further force or effect, and the each New Subsidiary Guarantor shall be released and discharged from all obligations in respect of such Subsidiary Guarantee, as and when provided in Section 1303 of the Indenture.

Appears in 1 contract

Samples: Indenture (Avis Budget Group, Inc.)

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