Common use of Release of Certain Guarantors Clause in Contracts

Release of Certain Guarantors. In the event that all Mortgage Properties owned by a Subsidiary Guarantor shall have been released as Collateral for the Obligations in accordance with the terms of this Agreement, then such Subsidiary Guarantor shall be released by the Administrative Agent from liability under this Agreement and the other Loan Documents. The provisions of this Section 4.8 shall not apply to the Borrower, the Parent or ▇▇▇▇▇ ▇▇.

Release of Certain Guarantors. In the event that all Mortgage Mortgaged Properties and Borrowing Base Loans owned by a Subsidiary Guarantor shall have been released as Collateral for the Obligations and Hedge Obligations in accordance with the terms of this Agreement, then such Subsidiary Guarantor shall be released by the Administrative Agent from liability under this Agreement and the other Loan Documents. The provisions of this Section 4.8 §5.6 shall not apply to the Borrower, the Parent Borrower or ▇▇▇▇▇ ▇▇REIT.