Common use of Release of the Guarantor Clause in Contracts

Release of the Guarantor. The Guarantee will remain in effect with respect to the Guarantor until the entire principal of, premium, if any, and interest on the Notes to which the Guarantee relates shall have been paid in full or otherwise discharged in accordance with the provisions of such Notes and this Indenture and all amounts owing to the Trustee hereunder have been paid or as provided in Section 11.02; provided, however, that if the Notes are satisfied and discharged pursuant to Section 12.01, then upon delivery by the Issuer of an Officers’ Certificate and an Opinion of Counsel stating that all conditions precedent herein provided for relating to the release of the Guarantor from its obligations under its Guarantee and this Article 13 have been complied with, the Guarantor shall be released and discharged of its obligations under its Guarantee and under this Article 13 without any action on the part of the Trustee or any Holder, and the Trustee shall execute any documents reasonably required in order to acknowledge the release of the Guarantor from its obligations under its Guarantee endorsed on the Notes of a series and under this Article 13.

Appears in 1 contract

Sources: Indenture (SL Green Operating Partnership, L.P.)

Release of the Guarantor. The Guarantee will remain in effect with respect to the Guarantor until (i) the entire principal of, premium, if any, of and interest on the Notes to which the Guarantee relates shall have been paid in full or otherwise discharged in accordance with the provisions of such Notes and this Indenture (including through delivery of the full number of shares of Common Stock (or other Reference Property) (including the Additional Shares and any cash payable in lieu of any fractional share) deliverable upon exchange of the Notes Outstanding) and (ii) all amounts owing to the Trustee hereunder have been paid or as provided in (iii) the Guarantor has been released from its obligations pursuant to Section 11.029.02; provided, however, that if the Notes are satisfied and discharged pursuant to Section 12.017.01, then upon delivery by the Issuer of an Officers’ Certificate and an Opinion of Counsel stating that all conditions precedent herein provided for relating to the release of the Guarantor from its obligations under its Guarantee and this Article 13 have been complied with, the Guarantor shall be released and discharged of its obligations under its Guarantee and under this Article 13 without any action on the part of the Trustee or any Holder, and the Trustee shall execute any documents reasonably required in order to acknowledge the release of the Guarantor from its obligations under its Guarantee endorsed on the Notes of a series and under this Article 13.

Appears in 1 contract

Sources: Indenture (Sunedison, Inc.)

Release of the Guarantor. The Guarantee will remain in effect with respect to the Guarantor until (i) the entire principal of, premium, if any, of and interest on the Notes to which the Guarantee relates shall have been paid in full or otherwise discharged in accordance with the provisions of such Notes and this Indenture and (ii) all amounts owing to the Trustee hereunder have been paid or as provided in the Guarantor has been released from its obligations pursuant to Section 11.02; provided, however, that if the Notes are satisfied and discharged pursuant to Section 12.01, then upon delivery by the Issuer of an Officers’ Certificate and an Opinion of Counsel stating that all conditions precedent herein provided for relating to the release of the Guarantor from its obligations under its Guarantee and this Article 13 have been complied with, the Guarantor shall be released and discharged of its obligations under its Guarantee and under this Article 13 without any action on the part of the Trustee or any Holder, and the Trustee shall execute any documents reasonably required in order to acknowledge the release of the Guarantor from its obligations under its Guarantee endorsed on the Notes of a series and under this Article 13.

Appears in 1 contract

Sources: Indenture (Invesco Mortgage Capital Inc.)