RELEASE FROM GUARANTEES. Following the Effective Time, IES and the Surviving Corporation shall use reasonable efforts to have the Company Stockholders released from the personal guarantees of the Company's indebtedness identified on Schedule 5.
Appears in 3 contracts
Samples: Merger Agreement (Integrated Electrical Services Inc), Merger Agreement (Integrated Electrical Services Inc), Merger Agreement (Integrated Electrical Services Inc)
RELEASE FROM GUARANTEES. Following the Effective Time, IES and the Surviving Corporation shall use reasonable efforts to have the Company Stockholders Stockholder released from the personal guarantees of the Company's indebtedness identified on Schedule 5.
Appears in 2 contracts
Samples: Merger Agreement (Integrated Electrical Services Inc), Merger Agreement (Integrated Electrical Services Inc)
RELEASE FROM GUARANTEES. Following the Effective Time, IES and the Surviving Corporation shall use reasonable efforts to have the Company Stockholders Stockholder released from the personal guarantees of the Company's indebtedness or bonding identified on Schedule 55.6. In the event that IES cannot obtain releases of any such guarantees on or prior to one hundred and twenty (120) days subsequent to the Effective Time, IES shall pay off or otherwise refinance or retire such indebtedness or bonding.
Appears in 1 contract
Samples: Merger Agreement (Integrated Electrical Services Inc)
