Release of Subsidiary Guarantors from Guarantee. (a) Notwithstanding any other provisions of this Indenture, the Guarantee of any Subsidiary Guarantor may be released upon the terms and subject to the conditions set forth in Section 11.02(b) and in this Section 14.04. Provided that no Default shall have occurred and shall be continuing under this Indenture, the Guarantee incurred by a Subsidiary Guarantor pursuant to this Article XIV shall be unconditionally released and discharged (i) automatically upon (A) any sale, exchange or transfer, whether by way of merger or otherwise, to any Person that is not an Affiliate of the Partnership, of all of the Partnership’s direct or indirect limited partnership or other equity interests in such Subsidiary Guarantor (provided such sale, exchange or transfer is not prohibited by this Indenture) or (B) the merger of such Subsidiary Guarantor into either of the Issuers or any other Subsidiary Guarantor or the liquidation and dissolution of such Subsidiary Guarantor (in each case to the extent not prohibited by this Indenture) or (ii) upon the Issuers’ delivery of a written notice to the Trustee of the release or discharge of all guarantees by such Subsidiary Guarantor of any Debt of the Issuers other than obligations arising under this Indenture and any Debt Securities issued hereunder, except a discharge or release by or as a result of payment under such guarantees.
Release of Subsidiary Guarantors from Guarantee. (a) Notwithstanding any other provisions of the Indenture, the Subsidiary Guarantee of any Subsidiary Guarantor shall be released upon the terms and subject to the conditions set forth in this Section 1604. Any Subsidiary Guarantee incurred by a Subsidiary Guarantor pursuant to this Article shall be unconditionally released and discharged (i) automatically upon (A) any sale, exchange or other disposition, whether by way of merger, consolidation or otherwise, to any Person that is not the Company or a Restricted Subsidiary, of a sufficient amount of the Capital Stock of such Subsidiary Guarantor so that it no longer qualified as a “Subsidiary,” (B) any sale, exchange or other disposition (other than a lease) of all or substantially all of the assets of such Subsidiary Guarantor to any Person that is not the Company or a Restricted Subsidiary (provided, in respect of both clauses (A) and (B), such sale, exchange or other disposition is not prohibited by the Indenture), (C) the merger of such Subsidiary Guarantor into the Company or any other Subsidiary Guarantor or the liquidation and dissolution of such Subsidiary Guarantor (in each case to the extent not prohibited by the Indenture), (D) the designation by the Company of such Subsidiary as an Unrestricted Subsidiary in compliance with the other applicable provisions of the Indenture or (E) in connection with any Covenant Defeasance, Legal Defeasance or satisfaction and discharge of the Notes as provided under Article Five or Article Fourteen of the Indenture or (ii) upon delivery of a written notice of such release or discharge by the Company to the Trustee, following the release or discharge of all Guarantees by such Subsidiary Guarantor of any Indebtedness that resulted in the creation of such Subsidiary Guarantee pursuant to Section 1117, except a discharge or release by or as a result of payment under such Guarantees.
Release of Subsidiary Guarantors from Guarantee. Section 10.04 of the Indenture is replaced with the following in its entirety with respect to the Notes:
Release of Subsidiary Guarantors from Guarantee. (a) Notwithstanding any other provisions of this Indenture, the Guarantee of any Subsidiary Guarantor may be released upon the terms and subject to the conditions set forth in this Section 10.04. Provided that no Default shall have occurred and shall be continuing under this Indenture, any Guarantee incurred by a Subsidiary Guarantor pursuant to this Article X shall be unconditionally released and discharged automatically upon (i) any sale, exchange or transfer, whether by way of merger or otherwise, to any Person that is not an Affiliate of the Partnership, of all of the Partnership’s direct or indirect equity interests in such Subsidiary Guarantor (provided such sale, exchange or transfer is not prohibited by this Indenture) or (ii) the merger of such Subsidiary Guarantor into the Partnership or any other Subsidiary Guarantor or the liquidation and dissolution of such Subsidiary Guarantor (in each case to the extent not prohibited by this Indenture).
Release of Subsidiary Guarantors from Guarantee. Each Subsidiary Guarantor will be released and relieved of any obligations under its Subsidiary Guarantee as set forth in the second paragraph of Section 1117, and the Subsidiary Guarantee of a Subsidiary Guarantor will also be released immediately:
Release of Subsidiary Guarantors from Guarantee. Notwithstanding any other provisions of the Senior Notes Indenture, the Guarantee of any Subsidiary Guarantor may be released upon the terms and subject to the conditions set forth under this heading. Provided that no Default has occurred and is continuing under the Senior Notes Indenture, any Guarantee incurred by a Subsidiary Guarantor pursuant to the Senior Notes Indenture will be unconditionally released and discharged
Release of Subsidiary Guarantors from Guarantee. (a) Notwithstanding any other provisions of this Indenture, the Guarantee of any Subsidiary Guarantor may be released upon the terms and subject to the conditions set forth in Section 11.02(b) and in this
Release of Subsidiary Guarantors from Guarantee. (a) A Subsidiary Guarantor will be released from its obligations under this Article 10 (other than any obligation that may have arisen under Section 10.05):
Release of Subsidiary Guarantors from Guarantee. A Subsidiary Guarantor shall be automatically released from its Guarantee upon (i) (x) such Subsidiary Guarantor no longer providing a Guarantee or being a co-obligor with respect to the 2028 Notes (including as a result of the 2028 Notes no longer being outstanding or Section 4.12 of the Existing Indenture ceasing to be effective, whether by amendment, termination or otherwise) and (y) the delivery by the Issuer to the Trustee of an Officer’s Certificate to such effect or (ii) the satisfaction of any other condition to release as provided for in Section 10.04(a) of the Base Indenture.
Release of Subsidiary Guarantors from Guarantee. Notwithstanding Article Thirteen of the Base Indenture, the Subsidiary Guarantee of the Notes shall be automatically released if (i) the applicable Subsidiary Guarantor ceases to be a Subsidiary of the Company, or (ii) such Subsidiary Guarantor ceases to guarantee any of the Senior Notes or other unsecured debt securities of the Company. The Trustee shall deliver an appropriate instrument evidencing any release of a Subsidiary Guarantor from the Subsidiary Guarantee upon receipt of a Company Request accompanied by an Officers’ Certificate and an Opinion of Counsel the Subsidiary Guarantor is entitled to such release in accordance with the provisions of the Indenture.
