Release from Guaranty. Upon receipt by Boston Beer of the payment described in Section 1 of this Agreement, Boston Beer does hereby irrevocably release and discharge Genesee, Genesee Corporation, their respective officers, directors and employees, and their respective successors and assigns, (collectively, "Releasees") from any and all: (a) obligations, duties, covenants and responsibilities under the Guaranty or the Production Agreement; and (b) claims, demands, actions, causes of action, debts, costs and liabilities whatsoever whether in law or equity, which Boston Beer ever had, now has or hereafter can, shall or may have against Releasees arising from or related to the Guaranty or the Production Agreement.
Release from Guaranty. Laurel Pipe Line Company, L.P. is hereby released from all Obligations, whether past, present or future, including its Contribution Obligation (as such term is defined in the Guaranty) under that certain Guaranty dated on or about January 30, 2007 (the “Laurel Guaranty”) by certain Subsidiaries of the Borrower in favor of the Administrative Agent for the Lenders. The effective date of the release shall be the date on which this Second Amendment becomes effective. Notwithstanding the foregoing release, Laurel Pipe Line Company, L.P. shall continue to be deemed to be a Restricted Subsidiary.
Release from Guaranty. The Company is currently a "Guarantor" under the certain Consolidated Entity Guaranty dated August 31, 2001, executed by the Company (and various other entities whose accounts are consolidated with Seller in accordance with generally accepted accounting principles) in favor of Bank of America, N.A., and certain other Banks. Seller agrees that at or prior to Closing, Seller shall obtain a full and complete release of the Company from all obligations and liabilities of the Company under such Consolidated Entity Guaranty.
Release from Guaranty. The City of Shreveport, Louisiana, as landlord under the Company's lease with respect to its facility in Shreveport (the "Shreveport Lease"), shall have released IHI from its Guaranty of the Shreveport Lease.
Release from Guaranty. Macquarie Bank Limited shall have been released from its guaranty obligations pursuant to the General Aviation Agreement.
Release from Guaranty. Park Cattle shall release Guarantor from this Guaranty upon satisfaction of the conditions precedent to such release set forth in the Lease and upon a new guarantor entering into a new guaranty (on substantially the same terms as set forth herein) with Park Cattle, which new guaranty shall include the assumption of and the responsibility for all of Guarantor’s obligations under this Guaranty existing prior on the date of such assumption. Guarantor has executed this Guaranty, as of the date first above written. Guarantor has read this Guaranty, been advised by legal counsel regarding its terms, and understand those terms, and have freely and voluntarily entered into this Guaranty. GUARANTOR: NEW TROPICANA OPCO, INC., a Delaware corporation By: Name: Xxxxx Xxxxxx Its: President and Chief Executive Officer SCHEDULE 1 DEFICIENCY LIST MONT BLEU DEFICIENCY LIST TRACKING(1) CATEGORY DEFICIENCY REFERENCE(2) SECTION PAGE REQUIRED ACTION
Release from Guaranty. Isolyser releases McGrevin from his --------------------- obligations under the Guaranty and covenants not to xxx or otherwise take any action against McGrevin with respect to any of the terms and provisions of such Guaranty.
Release from Guaranty. The Lenders consent to the release and discharge of, and the Administrative Agent hereby releases and discharges, Xxxxxxxxx International from all obligations and liabilities under the Guaranty. The foregoing is a release and discharge of Xxxxxxxxx International only, and nothing in this Agreement shall be construed to be a release of any obligations of the Borrower, any other Guarantor or any other Person under the Credit Agreement or any other Loan Document to, or for the benefit of the Administrative Agent, the L/C Issuer, the Swing Line Lender or any other Lender. Furthermore, nothing in this Agreement shall be deemed or construed to in any manner be a permanent release and discharge of Xxxxxxxxx International from hereafter being required timely to become, and the Borrower from being required to cause Xxxxxxxxx International hereafter timely to become, a Guarantor pursuant to the terms of the Credit Agreement, as amended and in effect, whether for failure to qualify as an Excluded Subsidiary (as defined in Credit Agreement, as amended hereby) or otherwise.
Release from Guaranty. Should Xxxx X. and/or Xxxxxx Xxx sell stock such that fifth and 10/100 percent (50.1%) of Lessee is owned by the public through an initial public offering or by another publicly held company and the net work of said entity is greater than $ten million ($10,000,000.00), then Lessor shall release the Guarantors from said Guaranty and the Guarantors shall have no further liability hereunder.
Release from Guaranty. Frederick J. Kiko shall have received a full and unconditional xxxxxxx xx xxx xxxbilities and obligations from all other parties to the personal guaranty described on Schedule 5.2(k).
