Common use of Release of Subsidiary Guarantor Clause in Contracts

Release of Subsidiary Guarantor. Upon the sale or other disposition (including by way of consolidation or merger) of a Subsidiary Guarantor or the sale or disposition of all or substantially all the assets of such Subsidiary Guarantor (in each case other than to the Issuers or an Affiliate of the Issuers), such Subsidiary Guarantor shall be deemed released from all Obligations under this Article 10 without any further action required on the part of the Trustee or any Holder. At the request of the Issuers, the Trustee shall execute and deliver an appropriate instrument evidencing such release.

Appears in 4 contracts

Samples: Indenture (Globalstar Capital Corp), Indenture (Globalstar Capital Corp), Globalstar Capital Corp

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Release of Subsidiary Guarantor. Upon the sale or other disposition (including by way of consolidation or merger) of a Subsidiary Guarantor or the sale or disposition of all or substantially all the assets of such Subsidiary Guarantor (in each case other than to the Issuers Company or an Affiliate of the IssuersCompany), such Subsidiary Guarantor shall be deemed released from all Obligations under this Article 10 11 without any further action required on the part of the Trustee or any Holder. At the request of the IssuersCompany, the Trustee shall execute and deliver an appropriate instrument evidencing such release.

Appears in 4 contracts

Samples: Planet Hollywood International Inc, Planet Hollywood International Inc, Planet Hollywood International Inc

Release of Subsidiary Guarantor. Upon A Subsidiary Guarantor may, by execution and delivery to the Trustee of a supplemental indenture satisfactory to the Trustee, be released from its Guarantee upon the sale of all of its Capital Stock, or other disposition (including by way of consolidation or merger) of a Subsidiary Guarantor or the sale or disposition of all or substantially all of the assets of such the applicable Subsidiary Guarantor (in each case other than Guarantor, to the Issuers or an Affiliate any Person that is not a Subsidiary of the Issuers)Company, if such Subsidiary Guarantor shall be deemed released from all Obligations under sale is made in compliance with this Article 10 without any further action required on the part of the Trustee or any Holder. At the request of the Issuers, the Trustee shall execute and deliver an appropriate instrument evidencing such releaseIndenture.

Appears in 2 contracts

Samples: Supplemental Indenture (MSX International Business Services Inc), Oxford Automotive Inc

Release of Subsidiary Guarantor. Upon the sale or other disposition (including by way of consolidation merger or mergerotherwise) of any Subsidiary Guarantor to an entity which is neither the Company nor a Subsidiary Guarantor or and which sale is other- wise in compliance with the sale or disposition terms of all or substantially all the assets of such Subsidiary Guarantor (in each case other than to the Issuers or an Affiliate of the Issuers)this Indenture, such Subsidiary Guarantor shall be deemed released from all Obligations obligations under this Article 10 11 without any further action required on the part of the Trustee Trustee, or any Holder. At the request of the IssuersCompany, the Trustee shall execute and deliver an appropriate instrument evidencing such release.

Appears in 1 contract

Samples: Kelley Operating Co LTD

Release of Subsidiary Guarantor. Upon the sale or other disposition (including by way of consolidation or merger) of a Subsidiary Guarantor or the sale or disposition of all or substantially all the assets of such Subsidiary Guarantor (in each case other than to the Issuers Company or an Affiliate of the IssuersCompany), such Subsidiary Guarantor shall be deemed released from all Obligations under this Article 10 12 without any further action required on the part of the Trustee or any Holder. At the request of the IssuersCompany, the Trustee shall execute and deliver an appropriate instrument evidencing such release.

Appears in 1 contract

Samples: King Pharmaceuticals Inc

Release of Subsidiary Guarantor. Upon A Subsidiary Guarantor may, by execution and delivery to the Trustee of a supplemental indenture satisfactory to the Trustee, be released from its Guarantee upon the sale of all of its Capital Stock, or other disposition (including by way of consolidation or merger) of a Subsidiary Guarantor or the sale or disposition of all or substantially all of the assets of such the applicable Subsidiary Guarantor (in each case other than Guarantor, to the Issuers or an Affiliate any Person that is not a Subsidiary of the Issuers)Company, if such Subsidiary Guarantor shall be deemed released from all Obligations under sale is made in compliance with this Article 10 without any further action required on the part of the Trustee or any HolderIndenture. At the request of the Issuers, the Trustee shall execute and deliver an appropriate instrument evidencing such release.102

Appears in 1 contract

Samples: BMG North America LTD

Release of Subsidiary Guarantor. Upon the occurrence of a sale or other disposition (including by way of consolidation or merger) of a Subsidiary Guarantor or the sale or disposition of all or substantially all the assets of such Subsidiary Guarantor (in each case other than to the Issuers Company or an Affiliate of the IssuersCompany), such Subsidiary Guarantor shall be deemed released from all Obligations obligations under this Article 10 without any further action required on the part of the Trustee or any Holder. At the request of the IssuersCompany and upon receipt of an Officers' Certificate, the Trustee shall execute and deliver an appropriate instrument evidencing such release.

Appears in 1 contract

Samples: Indenture (Up Offshore (Holdings) Ltd.)

Release of Subsidiary Guarantor. Upon the sale or other disposition (including by way of consolidation or merger) of a Subsidiary Guarantor or the sale or disposition of all or substantially all the assets of such Subsidiary Guarantor (in each case other than to the Issuers Company or an Affiliate of the Issuers)Company) permitted by this Indenture, such Subsidiary Guarantor shall be deemed released from all Obligations obligations under this Article 10 without any further action required on the part of the Trustee or any Holder. At the request of the IssuersCompany, the Trustee shall execute and deliver an appropriate instrument evidencing such release.

Appears in 1 contract

Samples: J H Heafner Co Inc

Release of Subsidiary Guarantor. Upon the sale or other disposition (including by way of consolidation or merger) of a Subsidiary Guarantor or the sale or disposition of all or substantially all the assets of such Subsidiary Guarantor (in each case other than to the Issuers Company or an Affiliate of the Issuers)Company) permitted by this Indenture, such Subsidiary Guarantor shall be deemed released from all Obligations obligations under this Article 10 11 without any further action required on the part of the Trustee or 80 73 any Holder. At the request of the IssuersCompany, the Trustee shall execute and deliver an appropriate instrument evidencing such release.

Appears in 1 contract

Samples: Phoenix Racing Inc

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Release of Subsidiary Guarantor. Upon the sale or other disposition (including by way of consolidation or merger) of a Subsidiary Guarantor or the sale or disposition of all or substantially all the assets of such Subsidiary Guarantor (in each case other than to the Issuers Company or an Affiliate of the IssuersCompany), such Subsidiary Guarantor shall be deemed released from all Obligations obligations under this Article 10 11 without any further action required on the part of the Trustee or any Holder. At the request of the IssuersCompany, the Trustee shall execute and deliver an appropriate instrument evidencing such release.

Appears in 1 contract

Samples: Indenture (King Pharmaceuticals Inc)

Release of Subsidiary Guarantor. Upon the sale or other disposition (including by way of consolidation or merger) of a Subsidiary Guarantor all the Capital Stock, or the sale or disposition of all or substantially all the assets assets, of such a Subsidiary Guarantor (in each case other than to the Issuers Company or an Affiliate of the Issuers)Company) permitted by this Indenture, such Subsidiary Guarantor shall be deemed released from all Obligations obligations under this Article 10 11 without any further action required on the part of the Trustee or any Holder. At the request of the IssuersCompany, the Trustee shall execute and deliver an appropriate instrument evidencing such release.

Appears in 1 contract

Samples: Indenture (Mediq Inc)

Release of Subsidiary Guarantor. Upon Under the sale or other disposition (including by way of consolidation or merger) of a Subsidiary Guarantor or the sale or disposition of all or substantially all the assets of such Subsidiary Guarantor (circumstances provided for in each case other than to the Issuers or an Affiliate of the IssuersSection 5.01(b), such a Subsidiary Guarantor shall be deemed released from all Obligations obligations under this Article 10 11 without any further action required on the part of the Trustee or any Holder. At the request of the IssuersCompany, the Trustee shall execute and deliver an appropriate instrument evidencing such release.

Appears in 1 contract

Samples: Radio One Inc

Release of Subsidiary Guarantor. Upon the sale or other disposition (including by way of consolidation or merger) of a Subsidiary Guarantor or the sale or disposition of all or substantially all the assets of such Subsidiary Guarantor (in each case other than to the Issuers Company or an Affiliate of the IssuersCompany), such Subsidiary Guarantor shall be deemed released and relieved from all Obligations obligations under this Article 10 without any further action required on the part of the Trustee or any Holder. At the request and expense of the IssuersCompany, the Trustee shall execute and deliver an appropriate instrument evidencing such release.

Appears in 1 contract

Samples: Superior Energy Services Inc

Release of Subsidiary Guarantor. Upon the sale (including any sale pursuant to any exercise of remedies by a holder of Senior Indebtedness) or other disposition (including by way of consolidation or mergermerger or otherwise) of a Subsidiary Guarantor or the sale or disposition of all or substantially all the assets of such Subsidiary Guarantor (in each case other than to the Issuers Company or an Affiliate of the IssuersCompany and whether or not an Affiliate of the Subsidiary Guarantor) in compliance with this Indenture (including the provisions of Section 4.07), such Subsidiary Guarantor shall be deemed released from all Obligations under this Article 10 without any further action required on the part of the Trustee or any Holder. At the request of the Issuers, the Trustee shall execute and deliver an appropriate instrument evidencing such release.all

Appears in 1 contract

Samples: Joint Operating Agreement (Rutherford-Moran Oil Corp)

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