Release of Demand Note Guaranty. If both Xxxxxx X. Xxxxxx XX and Verde Investments, Inc. shall have been released from all liability under all guaranties and other credit enhancements previously provided by either of them in connection with the other Warehouse Facilities to which any DT Entity is a party, then, so long as no Event of Termination or Incipient Event of Termination has occurred and is continuing, the Program Agent, upon certification to the Program Agent by Xxxxxx X. Xxxxxx XX and Verde Investments, Inc. of such release, shall terminate the Demand Note Guaranty and shall execute and deliver such instruments and documents as Xxxxxx X. Xxxxxx XX and Verde Investments, Inc. may reasonably request in order to evidence such termination.
Appears in 4 contracts
Samples: Loan and Servicing Agreement, Loan and Servicing Agreement, Loan and Servicing Agreement (DT Credit Company, LLC)
