Common use of RELEASE FROM GUARANTEES; REPAYMENT OF CERTAIN OBLIGATIONS Clause in Contracts

RELEASE FROM GUARANTEES; REPAYMENT OF CERTAIN OBLIGATIONS. AmPaM shall use reasonable efforts to have the Stockholders released from any and all guarantees of the Company's indebtedness, including bond obligations, identified on Schedule 10.1. Prior to obtaining the release of such guarantees, AmPaM shall provide its guarantee of such indebtedness to the lenders thereof. In the event that AmPaM cannot obtain such releases from the lenders of any such guaranteed indebtedness identified on Schedule 10.1 on or prior to 90 days subsequent to the Closing Date, AmPaM shall promptly pay off or otherwise refinance or retire such indebtedness such that the Stockholders' personal liability shall be released. AmPaM will indemnify the Stockholders against any loss or damage suffered as a result of the personal guarantees.

RELEASE FROM GUARANTEES; REPAYMENT OF CERTAIN OBLIGATIONS. AmPaM INCOM shall use reasonable efforts to have the Stockholders released from any and all guarantees of the Company's indebtedness, including bond obligations, identified on Schedule SCHEDULE 10.1. Prior to obtaining the release of such guarantees, AmPaM INCOM shall provide its guarantee of such indebtedness to the lenders thereof. In the event that AmPaM INCOM cannot obtain such releases from the lenders of any such guaranteed indebtedness identified on Schedule SCHEDULE 10.1 on or prior to 90 days subsequent to the Closing Consummation Date, AmPaM INCOM shall promptly pay off or otherwise refinance or retire such indebtedness such that the Stockholders' personal liability shall be released. AmPaM INCOM will indemnify the Stockholders against any loss or damage suffered as a result of the personal guarantees.