Common use of Release of Guarantor Clause in Contracts

Release of Guarantor. (a) A Guarantor shall be automatically released without any action on the part of the Trustee or the Holders from its obligations under this Indenture and Guarantee:

Appears in 6 contracts

Samples: Indenture (O-I Glass, Inc. /DE/), Indenture (Owens-Illinois Group Inc), Escrow Agreement (Owens-Illinois Group Inc)

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Release of Guarantor. (a) A Guarantor shall be automatically released without any action on the part of the Trustee or the Holders from its obligations under this Indenture and GuaranteeGuarantee if:

Appears in 3 contracts

Samples: Indenture (Owens-Illinois Group Inc), Indenture (Owens-Illinois Group Inc), Indenture (Owens-Illinois Group Inc)

Release of Guarantor. (a) A Guarantor shall be deemed automatically and unconditionally released and discharged from all of its obligations under its Note Guarantee without any further action on the part of the Trustee or the Holders from its obligations under this Indenture and Guaranteeany Holder; if:

Appears in 3 contracts

Samples: Indenture (Petro Stopping Centers L P), Indenture (Petro Stopping Centers Holdings Lp), Indenture (Petro Financial Corp)

Release of Guarantor. (a) A Guarantor shall may, by execution and delivery to the Trustee of a supplemental indenture reasonably satisfactory to the Trustee, be automatically and unconditionally released without from its Guarantee upon the occurrence of any action on the part of the Trustee or the Holders from its obligations under this Indenture and Guaranteefollowing:

Appears in 2 contracts

Samples: Mohegan Tribal Gaming Authority (Mohegan Tribal Gaming Authority), Mohegan Tribal Gaming Authority

Release of Guarantor. (a) A Any Guarantee by a Guarantor shall be automatically and unconditionally released and discharged, without any further action required on the part of the Trustee or any Holder of the Holders from its obligations under this Indenture and GuaranteeNotes, upon:

Appears in 2 contracts

Samples: Indenture (Propex International Holdings II Inc.), Nacg Finance LLC

Release of Guarantor. (a) A Guarantor shall will, by execution and delivery to the Trustee of a supplemental indenture satisfactory to the Trustee, be automatically and unconditionally released without any action on the part from its Guarantee upon either of the Trustee or the Holders from its obligations under this Indenture and Guaranteefollowing:

Appears in 2 contracts

Samples: Indenture (Terra Industries Inc), Terra Investment Fund LLC

Release of Guarantor. (a1) A Guarantor shall be automatically and unconditionally released and discharged from all obligations under this Indenture and its Guarantee without any action required on the part of the Trustee or the Holders from its obligations under this Indenture and Guaranteeany Holder:

Appears in 2 contracts

Samples: Reconciliation And (Hunt J B Transport Services Inc), J.B. Hunt Transport, Inc.

Release of Guarantor. (a) A The Guarantee of a Guarantor shall will be automatically and unconditionally released without any action on the part of the Trustee or the Holders from its obligations under this Indenture and Guarantee:of the Notes: (1) in connection with any sale or other disposition of all or substantially all of the assets of that Guarantor (including, without limitation, by way of merger or consolidation),

Appears in 2 contracts

Samples: Indenture (Morris Publishing Group LLC), Indenture (Morris Publishing Group LLC)

Release of Guarantor. (a1) A The Guarantor shall be automatically and unconditionally released and discharged from all obligations under this Indenture and the Guarantee without any action required on the part of the Trustee or the Holders from its obligations under this Indenture and Guaranteeany Holder:

Appears in 1 contract

Samples: Indenture (Maiden Holdings North America, Ltd.)

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Release of Guarantor. (a) A Guarantor shall may, by execution and delivery to the Trustee of a supplemental indenture satisfactory to the Trustee, be automatically and unconditionally released without any action on the part from its Guarantee upon either of the Trustee or the Holders from its obligations under this Indenture and Guaranteefollowing:

Appears in 1 contract

Samples: Terra Capital Inc

Release of Guarantor. (a) A Guarantor shall may, by execution and -------------------- delivery to the Trustee of a supplemental indenture satisfactory to the Trustee, be automatically and unconditionally released without any action on the part from its Guarantee upon either of the Trustee or the Holders from its obligations under this Indenture and Guaranteefollowing:

Appears in 1 contract

Samples: Supplemental Indenture (Terra Industries Inc)

Release of Guarantor. (a) A Guarantor shall shall, upon the occurrence of any of the following events, be automatically and unconditionally released and discharged from all obligations under the Indenture and its Guarantee without any action required on the part of the Trustee or the Holders from its obligations under this Indenture and Guaranteeany Holder:

Appears in 1 contract

Samples: Supplemental Indenture (Dupont E I De Nemours & Co)

Release of Guarantor. (a) A Guarantor shall be deemed automatically and unconditionally released and discharged from all of its obligations under its Guarantee without any further action on the part of the Trustee or the Holders from its obligations under this Indenture and Guaranteeany Holder; if:

Appears in 1 contract

Samples: Petro Stopping Centers L P

Release of Guarantor. (a1) A Guarantor shall shall, upon notice by the Company to the Trustee, be automatically and unconditionally released and discharged from all obligations under the Indenture and its Guarantee without any action required on the part of the Trustee or the Holders from its obligations under this Indenture and Guarantee:any Holder.

Appears in 1 contract

Samples: First Supplemental Indenture (Express Scripts Holding Co.)

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