Termination, Release and Discharge Clause Samples

Termination, Release and Discharge. [The] [Each] Guarantor’s Guarantee shall terminate and be of no further force or effect, and [the] [each] Guarantor shall be released and discharged from all obligations in respect of its Guarantee, only as and when provided in Section 11.5 of the Indenture.

Termination, Release and Discharge. [The] [Each] New Guarantor’s Guarantee of the Notes shall terminate and be of no further force or effect, and [the] [each] New Guarantor shall be released and discharged from all obligations in respect of its Guarantee of the Notes, as and when provided in Section 12.3 or 12.4, as applicable, of the Indenture.

Termination, Release and Discharge. Scripps’s subsidiary guarantee shall terminate and be of no further force or effect, and Scripps shall be released and discharged from all obligations in respect of such subsidiary guarantee, as and when provided in (i) Section 3.04 of each of the Eleventh Supplemental Indenture,

Termination, Release and Discharge. (a) A Restricted Subsidiary shall be released and relieved of its obligations under its Note Guarantee and any Collateral Documents to which it is a party in the event that: (i) there is a Legal Defeasance of the Notes as described in Section 8.2; (ii) there is a sale or other disposition of Capital Stock of such Restricted Subsidiary following which such Restricted Subsidiary is no longer a direct or indirect Subsidiary of the Company; or (iii) such Restricted Subsidiary is designated as an Unrestricted Subsidiary in accordance with Section 3.19; provided, that the transaction is carried out pursuant to and in accordance with all other applicable provisions of this Indenture.

Termination, Release and Discharge. Each Initial Mexican Subsidiary Guarantor's Note Guarantee shall terminate and be of no further force or effect, and such Initial Mexican Subsidiary Guarantor shall be released and discharged from all obligations in respect of such Note Guarantee, as and when provided in Section 1303 of the Indenture.

Termination, Release and Discharge. [The] [Each] Subsidiary Guarantor’s Subsidiary Guaranty shall terminate and be of no further force or effect, and [the] [each] Subsidiary Guarantor shall be released and discharged from all obligations in respect of such Subsidiary Guaranty, as and when provided in Section 10.04 of the Indenture.

Termination, Release and Discharge. The New Guarantor’s Subsidiary Guarantee shall terminate and be of no further force or effect, and the New Guarantor shall be released and discharged from all obligations in respect of such Subsidiary Guarantee, as and when provided in Section 1303 of the Indenture.

Termination, Release and Discharge. AMCEH shall be automatically and unconditionally released and discharged from its obligations under this Guarantee Agreement and the AMCEH Guarantor Obligations shall be automatically and unconditionally terminated, and no further action by AMCEH or the Trustee is required for the release of AMCEH or the termination of this Guarantee Agreement: (a) upon a Change of Control pursuant to which (x) AMCEH ceases to hold, directly or indirectly, 50% or more of the total voting power of the Voting Stock of the Company or (y) the sale, lease, transfer or other conveyance, in one or more series of related transactions, of all or substantially all of the assets of the Company and its Subsidiaries, taken as a whole; (b) upon the full and punctual payment when due of the principal of, premium, if any, interest and Additional Amounts if any, on the Notes and all other obligations and liabilities of the Issuer under the Indenture and the Notes; (c) upon the Issuer exercising its legal defeasance option or covenant defeasance option in accordance with Article 8 of the Indenture; (d) upon AMCEH paying or causing to be paying to be paid all sums payable by it under this Guarantee Agreement and AMCEH Guarantor Obligations being discharged in accordance with the terms of the Indenture; (e) upon the merger, amalgamation, consolidation or winding up of AMCEH with and into another Guarantor that is the surviving Person in such merger, amalgamation, consolidation or winding up, or upon the liquidation of AMCEH; or (f) upon release of AMCEH from the AMCEH Guarantor Obligations in accordance with Section 9.01(m) of the Indenture.

Termination, Release and Discharge. The New Subsidiary Guarantor's Subsidiary Guarantee shall terminate and be of no further force or effect, and the New Subsidiary Guarantor shall be released and discharged from all obligations in respect of its Subsidiary Guarantee, as and when provided in Section 1303 of the Indenture.