Common use of Automatic Release Clause in Contracts

Automatic Release. As provided in Section 9.02 of the Credit Agreement, a Guarantor shall be automatically released from its obligations under this Guarantee upon the satisfaction of the conditions set forth therein. This New Lender Agreement (this “Agreement”), dated as of [________________], 201__, is among Rackspace Hosting, Inc. (the “Borrower”), JPMorgan Chase Bank, N.A., in its capacity as Administrative Agent (the “Agent”) under the Credit Agreement described below, and [_____________] (the “New Lender”). Capitalized terms used herein without definition have the meanings assigned to such terms in the Credit Agreement.