Common use of Release of the Subsidiary Guarantor Clause in Contracts

Release of the Subsidiary Guarantor. The Subsidiary Guarantor will be deemed automatically and unconditionally released and discharged from all of its obligations under its Subsidiary Guarantee with respect to the Note without any further action on the part of the Trustee or any Holder of the Notes: (a) if the Subsidiary Guarantor ceases to guarantee any Public Debt Securities (other than the Notes) for any reason; (b) if the Subsidiary Guarantor is no longer the Company’s Subsidiary; (c) upon the liquidation or dissolution of the Subsidiary Guarantor; or (d) upon discharge of the Indenture with respect to the Notes in accordance with the Indenture.

Release of the Subsidiary Guarantor. The Subsidiary Guarantor will be deemed automatically and unconditionally released and discharged from all of its obligations under its Subsidiary Guarantee with respect to the Note without any further action on the part of the Trustee or any Holder of the Notes: (a) if the Subsidiary Guarantor ceases to guarantee any Public Debt Securities (other than the Notes) for any reason; (b) if the Subsidiary Guarantor is no longer the Company’s Subsidiary; (c) upon the liquidation or dissolution of the Subsidiary Guarantor; or (d) upon discharge of the Indenture with respect to the Notes in accordance with the Indenture.. [Remainder of the page intentionally left blank]