ASSUMPTION OF STOCKHOLDERS' GUARANTEES. MARINEMAX shall use its commercially reasonable best efforts to have the STOCKHOLDERS released from any and all guarantees on any indebtedness that they personally guaranteed and from any and all pledges of assets that they pledged to secure such indebtedness for the benefit of COMPANY, with all such guarantees on indebtedness being assumed by MARINEMAX.
Appears in 7 contracts
Samples: 6 Agreement and Plan of Organization (Marinemax Inc), Agreement of Merger and Plan (Marinemax Inc), 6 Agreement and Plan of Organization (Marinemax Inc)
ASSUMPTION OF STOCKHOLDERS' GUARANTEES. MARINEMAX shall use its commercially reasonable best efforts to have the STOCKHOLDERS released from any and all guarantees on any indebtedness that they personally guaranteed and from any and all pledges of assets that they pledged to secure such indebtedness for the benefit of COMPANY, with all such guarantees on indebtedness being assumed by MARINEMAX, except for the guarantees referenced in Section 9.10 hereof.
Appears in 1 contract
Samples: Agreement of Merger (Marinemax Inc)
