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(n) A Subsidiary Guarantor shall automatically be released from its obligations under the Guaranty upon the consummation of any transaction or designation permitted by this Agreement as a result of which such Subsidiary Guarantor # ceases to be a Restricted Subsidiary or # becomes an Excluded Subsidiary, provided that any Subsidiary Guarantor shall only be released from its obligations under the Guaranty pursuant to this clause (B) as a result of such Subsidiary Guarantor becoming an Excluded Subsidiary of the type described in clause (iv) of the definition thereof if # at the time such Subsidiary Guarantor becomes an Excluded Subsidiary of such type, no Event of Default has occurred and is continuing and # such Subsidiary Guarantor so becomes an Excluded Subsidiary as a result of a joint venture or other strategic transaction entered into for a bona fide business purpose;

(n) A

that any Subsidiary Guarantor shall be automatically be released from its obligations under the Guaranty upon the consummation of any transaction or designation permitted by this Agreement as a result of whichif such Subsidiary Guarantor #Person ceases to be a Restricted Subsidiary or # becomes an Excluded Subsidiary, provided that any Subsidiary Guarantor shall only be released from its obligations under the Guaranty pursuant to this [clause (B)] as a result of such Subsidiary Guarantor becoming an Excluded Subsidiary of the type described in [clause (iv)] of the definition thereof if # at the time such Subsidiary Guarantor becomes an Excluded Subsidiary of such type, no Event of Default has occurred and is continuing and # such Subsidiary Guarantor so becomes an Excluded Subsidiary as a result of a joint venturetransaction or other strategic transaction entered into fordesignation permitted hereunder; provided that the release of any Subsidiary Guarantor from its obligations under the Guaranty if such Person becomes an Excluded Subsidiary shall only be permitted if, at the time of such release, after giving pro forma effect to such release, # the Borrower is deemed to have made an Investment in such Person (as if such Person were then newly acquired) and such Investment is permitted by this Agreement and # such Person satisfies [clause (v) of Section 7.12] (as if such Person is an Unrestricted Subsidiary); provided, further, that no such release shall occur if such Guarantor continues to be a bona fide business purpose;guarantor in respect of any Restricted Indebtedness, any Credit Agreement Refinancing Indebtedness or any Permitted Refinancing in each case thereof.

(n) Aa Subsidiary Guarantor shallwill be automatically beand immediately released from its obligations under the Guaranty upon the consummation of any transaction or designation permitted by this Agreement as a result of which# such Subsidiary Guarantor # ceasesceasing to be a Restricted Subsidiary orSubsidiary, # becomes an Excluded Subsidiary, provided that anysuch Subsidiary Guarantor shall onlyceasing to be released from its obligations under the Guaranty pursuant to this clause (B) as a result ofMaterial Subsidiary, or # such Subsidiary Guarantor becoming an Excluded Subsidiary of(clauses , each a “Guaranty Release Event”), and each Secured Party irrevocably authorizes and directs the type described in clause (iv) ofAgents to enter into, and each agrees it will enter into, the definition thereof ifnecessary and advisable documents requested by the to # at the timerelease such Subsidiary Guarantor becomes an Excludedfrom its obligations under the Guaranty and # release any Liens granted by such Subsidiary or Liens on the Equity Interests of such type, no Event of Default has occurredSubsidiary; and is continuing and # such Subsidiary Guarantor so becomes an Excluded Subsidiary as a result of a joint venture or other strategic transaction entered into for a bona fide business purpose;

(n) Arelease any Subsidiary Guarantor shall automatically be released from its obligations under the applicable Guaranty upon the consummation of any transaction or designation permitted by this Agreement as a result of whichif such Subsidiary Guarantor #Person ceases to be a Restricted Subsidiary or #otherwise becomes an Excluded Subsidiary,Subsidiary as a result of a transaction or designation permitted hereunder; provided that the release of any Subsidiary Guarantor shall only be released from its obligations under the applicable Guaranty pursuant to this clause (B) as a result ofif such Subsidiary Guarantor becomingbecomes an Excluded Subsidiary of the type described in clause (iv)(b) of the definition thereof pursuant to a Disposition of less than all of the Equity Interests of such Guarantor shall only be permitted if # at the time such Subsidiary Guarantor becomes an Excluded Subsidiary of such type, no Eventtype or at the time the Borrower requests such release # such release shall constitute an Investment by the Borrower and/or other Loan Parties (as applicable) therein at the date of Default has occurredsuch release in an amount equal to the fair market value as determined in good faith by the Borrower’s and/or other Loan Parties’ (as applicable) Investment therein and such Investment is continuingpermitted pursuant to [Section 7.02] (other than, solely with respect to the Equity Interests in such released Subsidiary, [Section 7.02(e) or (f)])]) at such time and # such Subsidiary Guarantor so becomes an Excluded Subsidiary as a resultResponsible Officer of a joint venture or other strategic transaction entered into for a bona fide business purpose;the Borrower certifies to the Administrative Agent compliance with preceding clause (1); and

(n) Athat any Subsidiary Guarantor shall be automatically be released from its obligations under the Guaranty upon the consummation of any transaction or designation permitted by this Agreement as a result of whichif such Subsidiary Guarantor #Person ceases to be a Restricted Subsidiary or # becomes an Excluded Subsidiary, provided that any Subsidiary Guarantor shall only be released from its obligations under the Guaranty pursuant to this clause (B) as a result of such Subsidiary Guarantor becoming an Excluded Subsidiary of the type described in clause (iv) of the definition thereof if # at the time such Subsidiary Guarantor becomes an Excluded Subsidiary of such type, no Event of Default has occurred and is continuing and # such Subsidiary Guarantor so becomes an Excluded Subsidiary as a result of a joint venturetransaction or other strategic transaction entered into fordesignation permitted hereunder; provided that no such release shall occur if such Guarantor continues to be a bona fide business purpose;guarantor in respect of the Senior Notes or any Junior Financing with a principal amount in excess of the Threshold Amount;

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