Examples of Personal Guarantees in a sentence

Purchaser will use commercially reasonable efforts to substitute a corporate guaranty of Purchaser or another reasonable substitute in place of such Personal Guarantees to be effective on the Closing Date.
In the event that any such Personal Guarantee cannot be replaced by a corporate guaranty of Purchaser or such other reasonable substitute, then Purchaser shall indemnify any Losses incurred by the guarantors relating to the fulfillment of the Personal Guarantees following the Closing in respect of matters that arose post Closing only.
Schedule 5.1.17 describes in detail each ------------------- --------------- of the personal guarantees that have been made on behalf of Sellers by Xxxxx Xxxxxxxx, Xxxx Xxxxxxxx and Xxxx Xxxxxxx in connection with the ownership of the Assets and the operation of the Business (the "Personal Guarantees").
From the date of this Agreement and through and after the Closing Date, the Guarantors will cooperate with ARCS and ARCS will use its best efforts for the purpose of releasing the Guarantors from the Personal Guarantees.
From and after Closing, Focus Universal will indemnify and hold harmless the Securityholders for any liability arising from operation of the business incurred by the Securityholders by reason of the Securityholders’ execution of the Personal Guarantees.

More Definitions of Personal Guarantees

Personal Guarantees means both (i) the Specific Counter Indemnity entered into by Struan Xxxxxxxx and Xxxxx XxXxxxxx on 24 October 1996 in Xxxxxx & Co's standard form and the Charge over Credit Balance entered into by Xxxxx XxXxxxxx on 24 October 1996 in consideration of Xxxxxx & Co executing a guarantee of CHF 200,000 and (ii) a Second Legal mortgage over the property known as Xxxxxxxxx Xxxxx, Xxxxxxxxx, Xxxxxxxxx, Xxxxxxxxxxxxxxx entered into by Xxx Xxxxxx and Mrs. M Xxxxxx limited to the sum of pounds sterling 135,000 and a Specific Counter Indemnity entered into by Xxx Xxxxxx in Xxxxxx & Co's standard form in consideration of Xxxxxx & Co executing a guarantee of CHF 200,000, each of Xxxxxx & Co's guarantees relating to the guarantees provided by Swiss Bank Corporation for CHF 200,000 in favour of Federation Internationale de Football Association ("FIFA") in relation to the FIFA Licenses granted to Struan Xxxxxxxx and Xxx Xxxxxx.

Personal Guarantees means, together, each of the personal guarantees executed or (as the context may require) to be executed by the Sponsors in favour of the Lender under the Letters of Undertaking, in such form as the Lender may require in its sole discretion, or (as the context may require) any substitute personal guarantee accepted by the Lender pursuant to clause 10.1.32 and “Personal Guarantee” means either of them;

Personal Guarantees means the following personal guarantees of the Principals for any obligations of the Companies to third parties: (i) Guaranty of Lease dated as of November 14, 2008 by the Principals in favor of AFG Investment 5, LLC, pursuant to which the Principals, jointly and severally, guarantee the obligations of Success Healthcare 1, LLC owing pursuant to that certain Amended and Restated Master Lease Agreement with respect to that certain real property located at 7500 East Hellman Avenue, Rosemead, California, up to an aggregate amount not to exceed $1,000,000; and (ii) Limited Guaranty dated September 19, 2008 by the Principals in favor of Concordia Bank & Trust, Co., pursuant to which the Principals, jointly and severally, guarantee the obligations of Vidalia Real Estate Partners LLC owing to Concordia Bank & Trust, Co., pursuant to financings thereby, up to a maximum amount not to exceed

Personal Guarantees is defined in Section 5.4.

Personal Guarantees means the guarantees and indemnities referred to in Clause 10.1.7 (Security Documents) and “Personal Guarantee” means either one of them.

Personal Guarantees. As defined in Section 2.4 of this Agreement.

Personal Guarantees shall have the meaning set forth in Section 7.12 hereto.