Common use of Discharge and Release Clause in Contracts

Discharge and Release. In the event that (i) any Guarantor is sold as contemplated by Section 6.08(b) of the Credit Agreement, (ii) this Guaranty or any portion hereof is released as contemplated by Section 9.01(a)(vi) of the Credit Agreement or (iii) the indebtedness shall have been paid in full and the obligations of the Lenders to extend credit to the Borrower under the Credit Agreement shall have terminated, the Administrative Agent, on behalf of the Lenders, shall discharge and release the relevant Guarantor(s) from all of its obligations under this Guaranty. Upon any such release and discharge, the Administrative Agent, on behalf of the Lenders, will execute and deliver to the relevant Guarantor(s) such documents as such Guarantor(s) shall reasonably request to evidence such discharge and release.

Discharge and Release. In the event that (i) any Guarantor is sold as contemplated by Section 6.08(b) of the Credit Agreement, (ii) this Guaranty or any portion hereof is released as contemplated by Section 9.01(a)(vi) of the Credit Agreement or (iii) the indebtedness Indebtedness shall have been paid in full and the obligations of the Lenders to extend credit to the Borrower under the Credit Agreement shall have terminated, the Administrative Agent, on behalf of the Lenders, shall discharge and release the relevant Guarantor(s) from all of its obligations under this Guaranty. Upon any such release and discharge, the Administrative Agent, on behalf of the Lenders, will execute and deliver to the relevant Guarantor(s) such documents as such Guarantor(s) shall reasonably request to evidence such discharge and release.

Discharge and Release. In the event that (i) any Guarantor is sold as contemplated by Section 6.08(b2.08(b)(ii) of the Credit Agreement, (ii) this Guaranty Guarantee or any portion hereof is released as contemplated by Section 9.01(a)(vi9.05(f) of the Credit Agreement or (iii) the indebtedness shall have been paid in full and the obligations of the Lenders Banks to extend credit to the Borrower under the Credit Agreement shall have terminated, the Administrative Agent, on behalf of the LendersBanks, shall discharge and release the relevant Guarantor(s) from all of its obligations under this GuarantyGuarantee. Upon any such release and discharge, the Administrative Agent, on behalf of the LendersBanks, will execute and deliver to the relevant Guarantor(s) such documents as such Guarantor(s) shall reasonably request to evidence such discharge and release.