Common use of Release of the Guarantor Clause in Contracts

Release of the Guarantor. The Guarantor will be automatically discharged and released from all obligations under this Guarantee without any further action required if (i) the Notes have been paid in full or are no longer Outstanding, (ii) the Guarantor is dissolved or liquidated or (iii) if the corporation that is then the “Company” (for purposes of this clause (iii) only, as such term is defined under the Indenture) is no longer a corporation of which more than 50% of the total ordinary voting power of shares of capital stock entitled to vote in the election of directors is owned, directly or indirectly, by the Guarantor.

Release of the Guarantor. The Guarantor will be automatically discharged and released from all obligations under this Guarantee without any further action required if (i) the Notes Debentures have been paid in full or are no longer Outstanding, (ii) the Guarantor is dissolved or liquidated or (iii) if the corporation that is then the “Company” (for purposes of this clause (iii) only, as such term is defined under the Indenture) is no longer a corporation of which more than 50% of the total ordinary voting power of shares of capital stock entitled to vote in the election of directors is owned, directly or indirectly, by the Guarantor.