Release of Guarantees and Liens. (a) On or before Closing, Seller shall cause all guarantees made by the Company for the benefit of the Seller, including, but not limited to, guarantees with respect to the credit facilities of Seller, to be terminated and released. (b) On or before Closing, Seller shall cause all security interests, encumbrances and liens on assets owned by the Company, which liens arise from or in connection with credit facilities of the Seller, to be terminated and released.
Appears in 2 contracts
Samples: Stock Purchase Agreement, Stock Purchase Agreement (Selas Corp of America)
