Common use of RELEASE FROM GUARANTEES Clause in Contracts

RELEASE FROM GUARANTEES. Quanta shall use its commercially reasonable best efforts to have the Stockholders released from the personal guarantees of the Companies' indebtedness identified in Schedule 7.1 within 90 days after the Closing Date. Quanta hereby agrees to indemnify and defend each Stockholder and hold such Stockholder harmless for any amounts that such Stockholder is required to pay in connection with the enforcement of any obligations under such personal guarantees after the Closing, including without limitation any reasonable attorneys' fees and expenses incurred in connection therewith.

Appears in 2 contracts

Samples: Acquisition Agreement (Quanta Services Inc), Acquisition Agreement (Quanta Services Inc)

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RELEASE FROM GUARANTEES. Quanta shall use its commercially reasonable best efforts to have the Stockholders released from the personal guarantees of the Companies' Company indebtedness identified in Schedule 7.1 within 90 days after the Closing Date. Quanta hereby agrees to indemnify and defend each Stockholder and hold such Stockholder harmless for any amounts that such Stockholder is required to pay in connection with the enforcement of any obligations under such personal guarantees after the Closing, including without limitation any reasonable attorneys' fees and expenses incurred in connection therewith.

Appears in 2 contracts

Samples: Acquisition Agreement (Quanta Services Inc), Acquisition Agreement (Quanta Services Inc)

RELEASE FROM GUARANTEES. Quanta shall use its commercially reasonable best efforts to have the Stockholders Stockholder released from the personal guarantees of the Companies' Company's indebtedness and other obligations identified in Schedule 7.1 within 90 days after the Closing Date. Quanta hereby agrees to indemnify and defend each the Stockholder and hold such the Stockholder harmless for any amounts that such the Stockholder is required to pay in connection with the enforcement of any obligations under such personal guarantees after the Closing, including without limitation any reasonable attorneys' fees and expenses incurred in connection therewith.

Appears in 1 contract

Samples: Acquisition Agreement (Quanta Services Inc)

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RELEASE FROM GUARANTEES. Quanta shall use its commercially reasonable best efforts to have the Stockholders released from the personal guarantees of the Companies' Company indebtedness identified in Schedule 7.1 within 90 days after the Closing Date. Quanta hereby agrees to indemnify and defend each Stockholder the Stockholders and hold such Stockholder the Stockholders harmless for any amounts that such Stockholder is the Stockholders are required to pay in connection with the enforcement of any obligations under such personal guarantees after the Closing, including without limitation any reasonable attorneys' fees and expenses incurred in connection therewith.

Appears in 1 contract

Samples: Acquisition Agreement (Quanta Services Inc)

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