Common use of Release of Guaranties Clause in Contracts

Release of Guaranties. WCI shall use reasonable efforts to obtain the termination and release promptly after the Closing Date of the personal guaranties of the Shareholders listed on Schedule 6.2, all of which relate to indebtedness of the Corporation included in the Financial Statements as of the Balance Sheet Date or WCI shall indemnify the Shareholders and hold them harmless from and against all losses, expenses or claims by third parties to enforce or collect indebtedness owed by the Corporation as of the Closing Date which is personally guaranteed by the Shareholders pursuant to such guaranties. The Shareholders may notify the obligees under such guaranties that they have terminated their obligations under such guaranties. The Shareholders shall cooperate with WCI in obtaining such releases.

Release of Guaranties. WCI shall use reasonable efforts to obtain the termination and release promptly after the Closing Date of the personal guaranties of the Shareholders Shareholder listed on Schedule 6.26.1 (including application and notice to the Secretary of State of South Dakota for change of registered agent and address), all of which relate to indebtedness of the Corporation included in the Financial Statements as of the Balance Sheet Date or WCI shall indemnify the Shareholders Shareholder and hold them him harmless from and against all losses, expenses or claims by third parties to enforce or collect indebtedness owed by the Corporation as of the Closing Date which is personally guaranteed by the Shareholders Shareholder pursuant to such guaranties. The Shareholders Shareholder may notify the obligees under such guaranties that they have he has terminated their his obligations under such guaranties. The Shareholders Shareholder shall cooperate with WCI in obtaining such releases.

Release of Guaranties. WCI shall use reasonable efforts to obtain the termination and release promptly after the Closing Date of the personal guaranties of the Shareholders listed on Schedule 6.29.2, all of which relate to indebtedness of the Corporation each Seller included in the Financial Statements as of the Balance Sheet Date or WCI and Buyer shall indemnify the Shareholders and hold them harmless from and against all losses, expenses or claims by third parties to enforce or collect indebtedness owed by the Corporation each Seller as of the Closing Date which is personally guaranteed by the Shareholders pursuant to such guaranties. The Shareholders may notify the obligees under such guaranties that they have terminated their obligations under such guaranties. The Shareholders shall cooperate with WCI in obtaining such releases.

Release of Guaranties. WCI shall use reasonable efforts to obtain the termination and release promptly after the Closing Date Effective Time of the personal guaranties of the Shareholders listed on Schedule 6.29.1, all of which relate to indebtedness of the Corporation Corporations included in the Financial Statements as of the Balance Sheet Date or Date, and WCI shall indemnify the Shareholders and hold them harmless from and against all losses, expenses or claims by third parties to enforce or collect indebtedness owed by the each Corporation as of the Closing Date which Effective Time that is personally guaranteed by the Shareholders pursuant to such guaranties. The Shareholders may notify the obligees under such guaranties that they have terminated their obligations under such guaranties. The Shareholders shall cooperate with WCI in obtaining such releases.

Release of Guaranties. WCI shall use reasonable efforts to obtain the termination and release promptly after the Closing Date of the personal guaranties of the Shareholders Shareholder listed on Schedule 6.29.2, all of which relate to indebtedness of either of the Corporation Corporations included in the Financial Statements as of the Balance Sheet Date or WCI shall indemnify the Shareholders Shareholder and hold them him harmless from and against all losses, expenses or claims by third parties to enforce or collect indebtedness owed by either of the Corporation Corporations as of the Closing Date which is personally guaranteed by the Shareholders Shareholder pursuant to such guaranties. The Shareholders Shareholder may notify the obligees under such guaranties that they have he has terminated their his obligations under such guaranties. The Shareholders Shareholder shall cooperate with WCI in obtaining such releases.

Release of Guaranties. WCI shall use reasonable efforts to obtain the termination and release promptly after the Closing Date Effective Time of the personal guaranties of the Shareholders listed on Schedule 6.29.1, all of which relate to indebtedness of the Corporation Corporations included in the Financial Statements as of the Balance Sheet Date or Date, and WCI shall indemnify the Shareholders and hold them harmless from and against all losses, expenses or claims by third parties to enforce or collect indebtedness owed by the each Corporation as of the Closing Date which Effective Time that is personally guaranteed by the Shareholders pursuant to such guaranties. The Shareholders may notify the obligees under such guaranties that they have terminated their obligations under such guaranties. The Shareholders shall cooperate with WCI in obtaining such releases.. 9.2

Release of Guaranties. WCI shall use reasonable efforts to obtain the termination and release promptly after the Closing Date of the personal guaranties of the Shareholders listed on Schedule 6.29.2, all of which relate to indebtedness of the Corporation included in the Financial Statements as of the Balance Sheet Date or and WCI shall indemnify the Shareholders and hold them the Shareholders harmless from and against all losses, expenses or claims by third parties to enforce or collect indebtedness owed by the Corporation as of the Closing Date which is personally guaranteed by the Shareholders pursuant to such guaranties. The Shareholders may notify the obligees under such guaranties that they the Shareholders have terminated their the Shareholders’ obligations under such guaranties. The Shareholders shall cooperate with WCI in obtaining such releases.

Release of Guaranties. WCI shall use reasonable efforts to obtain the termination and release promptly after the Closing Date Effective Time of the personal guaranties of the Shareholders Owner listed on Schedule 6.29.1, all of which relate to indebtedness of the Corporation Selling Entities included in the Financial Statements as of the Balance Sheet Date or Date, and WCI shall indemnify the Shareholders Owner and hold them the Owner harmless from and against all losses, expenses or claims by third parties to enforce or collect indebtedness owed by the Corporation Selling Entities as of the Closing Date which Effective Time that is personally guaranteed by the Shareholders Owner pursuant to such guaranties. The Shareholders Owner may notify the obligees under such guaranties that they have the Owner has terminated their his obligations under such guaranties. The Shareholders Owner shall cooperate with WCI in obtaining such releases.

Release of Guaranties. WCI shall use reasonable efforts to obtain the termination and release promptly after the Closing Date of the personal guaranties of the Shareholders listed on Schedule 6.26.1, all of which relate to indebtedness of the Corporation included in the Financial Statements as of the Balance Sheet Date or WCI shall indemnify the Shareholders and hold them harmless from and against all losses, expenses or claims by third parties to enforce or collect indebtedness owed by the Corporation as of the Closing Date which is personally guaranteed by the Shareholders pursuant to such guaranties. The Shareholders may notify the obligees under such guaranties that they have terminated their obligations under such guaranties. The Shareholders shall cooperate with WCI in obtaining such releases.

Release of Guaranties. WCI shall use reasonable efforts to obtain the termination and release promptly after on or before the Closing Date of the personal guaranties of the Shareholders listed on Schedule 6.29.2, all of which relate to any indebtedness of the Corporation included in the Financial Statements as of the Balance Sheet Date or or, at its option, WCI shall indemnify the Shareholders and hold them harmless from and against all losses, expenses or claims by third parties to enforce or collect indebtedness owed by the Corporation as of the Closing Date which is personally guaranteed by the Shareholders pursuant to such guaranties. The Shareholders may notify the obligees under such guaranties that they have terminated their obligations under such guaranties. The Shareholders shall cooperate with WCI in obtaining such releases.