Release of Subsidiary Guarantors. If any Subsidiary Guarantor becomes a party to this Agreement and is subsequently released from its obligations under the Indenture in accordance with the terms thereof then such Subsidiary Guarantor shall be released from its obligations hereunder.
Appears in 3 contracts
Sources: Registration Rights Agreement (Abraxas Petroleum Corp), Registration Rights Agreement (Kci New Technologies Inc), Registration Rights Agreement (Concorde Gas Marketing Inc)
Release of Subsidiary Guarantors. If any Subsidiary Guarantor becomes a party to this Agreement and is subsequently released from its obligations under the Indenture in accordance with the terms thereof then such Each applicable Subsidiary Guarantor shall be released from its obligations hereunder.under this Guaranty as and when provided in Section 5.11 of the Credit Agreement. Upon Borrower’s request Administrative Agent shall confirm the release of any applicable Subsidiary Guarantor by the execution of a Release Guaranty in the form of Exhibit B attached hereto (the “Release of Guaranty”). Each Subsidiary Guarantor expressly agrees that its obligations arising hereunder shall not be affected or diminished by the release of any other Subsidiary Guarantor
Appears in 3 contracts
Sources: Guaranty Agreement (Sila Realty Trust, Inc.), Guaranty Agreement (Sila Realty Trust, Inc.), Guaranty Agreement (Sila Realty Trust, Inc.)
Release of Subsidiary Guarantors. If any Subsidiary Guarantor becomes a party to this Agreement and is subsequently released from its obligations under the Indenture in accordance with the terms thereof then such A Subsidiary Guarantor shall be released from its obligations hereunderunder this Agreement to the extent it is released from its obligations under its Subsidiary Guarantee pursuant to Section 1203 of the Indenture, provided such release occurs prior to the filing of the Registration Statement.
Appears in 1 contract
Release of Subsidiary Guarantors. If any Subsidiary Guarantor becomes a party to this Agreement and that is subsequently released from its obligations under the Indenture in accordance with the terms thereof thereof, then such Subsidiary Guarantor shall be automatically released from its obligations hereunder.
Appears in 1 contract
Sources: Registration Rights Agreement (Armstrong Containers Inc)
Release of Subsidiary Guarantors. If any Subsidiary Guarantor becomes a party to this Agreement and is subsequently released from its obligations under the Indenture in accordance with the terms thereof thereof, then such Subsidiary Guarantor shall be released from its obligations hereunder.
Appears in 1 contract
Sources: Registration Rights Agreement (Abraxas Petroleum Corp)