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 of the personal guaranties of the Shareholders listed on Schedule 9.2, all of which relate to indebtedness of the Corporation included in the Financial Statements as of the Balance Sheet Date and WCI shall indemnify the Shareholders and hold 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 which is personally guaranteed by the Shareholders pursuant to such guaranties. The Shareholders may notify the obligees under such guaranties that the Shareholders have terminated 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 Effective Time of the personal guaranties of the Shareholders Owner listed on Schedule 9.29.1, all of which relate to indebtedness of the Corporation Selling Entities included in the Financial Statements as of the Balance Sheet Date Date, and WCI shall indemnify the Shareholders Owner and hold the Shareholders 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 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 the Shareholders have Owner has terminated the Shareholders’ 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 Shareholder listed on Schedule 9.26.1 (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 and or WCI shall indemnify the Shareholders Shareholder and hold the Shareholders 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 the Shareholders have he has terminated the Shareholders’ 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 Effective Time of the personal guaranties of the Shareholders listed on Schedule 9.29.1, all of which relate to indebtedness of the Corporation Corporations included in the Financial Statements as of the Balance Sheet Date Date, and WCI shall indemnify the Shareholders and hold the Shareholders 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 which Effective Time that is personally guaranteed by the Shareholders pursuant to such guaranties. The Shareholders may notify the obligees under such guaranties that the Shareholders they have terminated the Shareholders’ 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 listed on Schedule 9.26.2, all of which relate to indebtedness of the Corporation included in the Financial Statements as of the Balance Sheet Date and or WCI shall indemnify the Shareholders and hold the Shareholders 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 the Shareholders they have terminated the Shareholders’ 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 9.2, all of which relate to indebtedness of either of the Corporation Corporations included in the Financial Statements as of the Balance Sheet Date and or WCI shall indemnify the Shareholders Shareholder and hold the Shareholders 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 the Shareholders have he has terminated the Shareholders’ 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 9.26.1, all of which relate to indebtedness of the Corporation included in the Financial Statements as of the Balance Sheet Date and or WCI shall indemnify the Shareholders and hold the Shareholders 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 the Shareholders they have terminated the Shareholders’ 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 Effective Time of the personal guaranties of the Shareholders listed on Schedule 9.29.1, all of which relate to indebtedness of the Corporation Corporations included in the Financial Statements as of the Balance Sheet Date Date, and WCI shall indemnify the Shareholders and hold the Shareholders 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 which Effective Time that is personally guaranteed by the Shareholders pursuant to such guaranties. The Shareholders may notify the obligees under such guaranties that the Shareholders they have terminated the Shareholders’ 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 on or before the Closing Date of the personal guaranties of the Shareholders listed on Schedule 9.2, all of which relate to any indebtedness of the Corporation included in the Financial Statements as of the Balance Sheet Date and or, at its option, WCI shall indemnify the Shareholders and hold the Shareholders 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 the Shareholders they have terminated the Shareholders’ 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 listed on Schedule 9.2, 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 WCI Buyer shall indemnify the Shareholders and hold the Shareholders 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 the Shareholders they have terminated the Shareholders’ their obligations under such guaranties. The Shareholders shall cooperate with WCI in obtaining such releases.