Termination, Release and Discharge. [The] [Each] Subsidiary Guarantor’s Subsidiary Guarantee shall terminate and be of no further force or effect, and [the] [each] 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.
Termination, Release and Discharge. [The] [Each] Guarantor’s Guarantee shall terminate and be of no further force or effect, and [the] [each] Guarantor shall be released and discharged from all obligations in respect of its Guarantee, only as and when provided in Section 11.5 of the Indenture.
Termination, Release and Discharge. [The] [Each] New Guarantor’s Guarantee of the Notes shall terminate and be of no further force or effect, and [the] [each] New Guarantor shall be released and discharged from all obligations in respect of its Guarantee of the Notes, as and when provided in Section 12.3 or 12.4, as applicable, of the Indenture.
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.
Termination, Release and Discharge. [The] [Each] Subsidiary Guarantor’s Subsidiary Guaranty shall terminate and be of no further force or effect, and [the] [each] Subsidiary Guarantor shall be released and discharged from all obligations in respect of such Subsidiary Guaranty, as and when provided in Section 10.04 of the Indenture.
Termination, Release and Discharge. (a) A Restricted Subsidiary shall be released and relieved of its obligations under its Note Guarantee and any Collateral Documents to which it is a party in the event that:
(i) there is a Legal Defeasance of the Notes as described in Section 8.2;
(ii) there is a sale or other disposition of Capital Stock of such Restricted Subsidiary following which such Restricted Subsidiary is no longer a direct or indirect Subsidiary of the Company; or
(iii) such Restricted Subsidiary is designated as an Unrestricted Subsidiary in accordance with Section 3.19; provided, that the transaction is carried out pursuant to and in accordance with all other applicable provisions of this Indenture.
Termination, Release and Discharge. (a) Subject to Section 6.11 and Article Four of this Second Supplemental Indenture, each Subsidiary Guarantor may consolidate with or merge into or sell all or substantially all of its property and assets to the Company, another Subsidiary Guarantor or a Person other than the Company or another Subsidiary Guarantor (whether or not Affiliated with the Subsidiary Guarantor).
(b) Notwithstanding the foregoing and the other provisions of the Indenture, in the event a Subsidiary Guarantor is sold or disposed of (whether by merger, consolidation, the sale of its Capital Stock or the sale of all or substantially all of its assets (other than by lease) and whether or not the Subsidiary Guarantor is the surviving corporation in such transaction) to a Person which is not the Company or a Restricted Subsidiary, such Subsidiary Guarantor shall be released from its obligations under its Subsidiary Guarantee if:
(1) the sale or other disposition is in compliance with the Indenture, including Section 6.11 of this Second Supplemental Indenture (it being understood that only such portion of the Net Available Cash as is required to be applied on or before the date of such release in accordance with the terms of the Indenture needs to be applied in accordance therewith at such time), Section 6.13 and Article Four of this Second Supplemental Indenture; and
(2) all the obligations of such Subsidiary Guarantor under all Indebtedness of the Company and all Subsidiary Guarantors terminate upon consummation of such transaction.
(c) A Subsidiary Guarantor shall be deemed released and relieved of its obligations under the Indenture and its Subsidiary Guarantee without any further action required on the part of the Company or such Subsidiary Guarantor upon the designation of such Subsidiary Guarantor as an Unrestricted Subsidiary in accordance with the terms of the Indenture or in connection with any legal defeasance of the Notes or upon satisfaction and discharge of the Indenture, each in accordance with the provisions of the Indenture.
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 its Subsidiary Guarantee, as and when provided in Section 1303 of the Indenture.
Termination, Release and Discharge. Each Initial Mexican Subsidiary Guarantor's Note Guarantee shall terminate and be of no further force or effect, and such Initial Mexican Subsidiary Guarantor shall be released and discharged from all obligations in respect of such Note Guarantee, as and when provided in Section 1303 of the Indenture.
Termination, Release and Discharge. (a) The Lenders hereby acknowledge that on the Effective Date the Borrower has paid in full all of the Indebtedness and other Obligations arising under the Credit Agreement, and the Lenders hereby agree that on the Effective Date:
(i) all Obligations of the Loan Parties under the Credit Agreement shall terminate and be deemed satisfied in full, and the Loan Parties shall be released from any and all Obligations arising under the Credit Agreement;
(ii) all obligations under the Guarantees shall terminate and be deemed satisfied in full, and all parties thereto shall be released from any and all obligations arising under the Guarantees;
(iii) the Loan Parties shall be deemed to have satisfied in full, and shall be discharged from, any and all of their obligations and shall be released from all liabilities arising under the Loan Documents, and all documents and agreements delivered pursuant to any such documents or agreements, or otherwise executed or delivered in connection therewith;
(iv) the Lenders shall terminate any security interests and liens granted to the Lenders in connection with the Loan Documents, or any and all documents and agreements delivered pursuant to any such documents or agreements, or otherwise executed or delivered in connection therewith; and
(v) the undersigned authorized representative of Lenders, hereby acknowledges and agrees that: (a) its security interest in and lien on the assets in which each of Borrower and BCM-Inc (collectively, the “Pledgors”) has an interest have been fully and finally released, and (b) pursuant to Section 9A-509 of the Uniform Commercial Code, Lenders hereby irrevocably authorize each of the Pledgors, and such other persons, entities or agents (including without limitation Txxxxxxx Sxxxxxx LLP) as either of the Pledgors shall direct, to file UCC-3 amendments terminating all UCC financing statements naming either of the Pledgors as debtor and Lenders as secured party on file in any public filing office, including without limitation on file with the Delaware Department of State.
(b) The Lenders further agree that from and after the Effective Date:
(i) all Collateral shall be released and discharged from the security interests granted to the Lenders pursuant to the Collateral Documents, automatically and without further action by the Lenders, and the Lenders will forthwith terminate and release any security interests and any and all liens granted in connection therewith; and
(ii) the Collateral pledged by t...
