Common use of Guaranteed Debt Clause in Contracts

Guaranteed Debt. It is understood and agreed that the Shareholders will seek to have all personal guarantees (by pledge of assets or otherwise) of any Shareholder released in connection with consummation of the Merger and that CCC will cooperate with the Shareholders in such effort. Following the Closing CCC will not and will cause the Surviving Corporation not to draw under any line of credit or other indebtedness the repayment of which has been personally guaranteed by a Shareholder (by pledge of assets or otherwise) unless and until such personal guarantee (including any pledge of assets) has been fully released.

Guaranteed Debt. It is understood and agreed that the Shareholders will seek to have all personal guarantees (by including any pledge of assets or otherwiseassets) of any Shareholder released in connection with consummation of the Merger and that CCC will cooperate with the Shareholders in such effort. Following the Closing CCC will not and will cause the Surviving Corporation not to draw under any line of credit or other indebtedness the repayment of which has been personally guaranteed by a Shareholder (by pledge of assets or otherwise) unless and until such personal guarantee (including any pledge of assets) has been fully released.

Guaranteed Debt. (a) It is understood and agreed that the Shareholders will seek to have all personal guarantees (by pledge of assets or of otherwise) of any Shareholder released in connection with consummation of the Merger and that CCC will cooperate with the Shareholders in such effort. Following the Closing CCC will not and will cause the Surviving Corporation not to draw under any line of credit or other indebtedness the repayment of which has been personally guaranteed by a Shareholder (by pledge of assets or otherwise) unless and until such personal guarantee (including any pledge of assets) has been fully released.

Guaranteed Debt. It is understood and agreed that the Shareholders Stockholders will seek to have all personal guarantees (by pledge of assets or otherwise) of any Shareholder Stockholder released in connection with consummation of the Merger and that CCC will cooperate with the Shareholders Stockholders in such effort. Following the Closing Closing, CCC will not and will cause the Surviving Corporation not to draw under any line of credit or other indebtedness the repayment of which has been personally guaranteed by a Shareholder Stockholder (by pledge of assets or otherwise) unless and until such personal guarantee (including any pledge of assets) has been fully released.

Guaranteed Debt. It is understood and agreed that the Shareholders Stockholders will seek to have all personal guarantees (by pledge of assets or otherwise) of any Shareholder Stockholder released in connection with consummation of the Merger and that CCC will cooperate with the Shareholders Stockholders in such effort. Following 42 the Closing CCC Closing, CCC, will not and will cause the Surviving Corporation not to draw under any line of credit or other indebtedness the repayment of which has been personally guaranteed by a Shareholder Stockholder (by pledge of assets or otherwise) unless and until such personal guarantee (including any pledge of assets) has been fully released.

Guaranteed Debt. It is understood and agreed that the Shareholders will seek to have all personal guarantees (by pledge of assets or otherwise) of any Shareholder released in connection with consummation of the Merger and that CCC will cooperate with the Shareholders in such effort. Following the Closing CCC will not and will cause the Surviving Corporation not to draw under any line of credit or other indebtedness the repayment of which has been personally guaranteed by a Shareholder (by pledge of assets or otherwise) unless and until such personal guarantee (including any pledge of assets) has been fully released. 8.