Common use of Release of Guarantors Clause in Contracts

Release of Guarantors. Each Guarantor will be released from all liability hereunder concurrently with the indefeasible repayment in full of all amounts owed under the Purchase Agreement, the Debentures and the other Transaction Documents.

Appears in 101 contracts

Samples: Subsidiary Guarantee (Dih Holding Us, Inc.), Subsidiary Guarantee (High Wire Networks, Inc.), Subsidiary Guarantee (Creatd, Inc.)

AutoNDA by SimpleDocs

Release of Guarantors. Each Subject to Section 2.6, each Guarantor will be released from all liability hereunder concurrently with the indefeasible repayment in full of all amounts owed under the Purchase Agreement, the Debentures and the other Transaction Documents.

Appears in 56 contracts

Samples: Subsidiary Guarantee (Gigabeam Corp), Security Agreement (Center for Wound Healing, Inc.), Security Agreement (CenterStaging Corp.)

Release of Guarantors. Each Guarantor will be released from all liability hereunder concurrently with the indefeasible repayment in full of all amounts owed under the Purchase Agreement, the Debentures Notes and the other Transaction Documents.

Appears in 29 contracts

Samples: Security Agreement (Giga Tronics Inc), Security Agreement (Giga Tronics Inc), Subsidiary Guarantee (Grom Social Enterprises, Inc.)

Release of Guarantors. Each Subject to Section 2(f), each Guarantor will be released from all liability hereunder concurrently with the indefeasible repayment in full of all amounts owed under the Purchase Agreement, the Debentures Notes and the other Transaction Documents.

Appears in 7 contracts

Samples: Subsidiary Guarantee (Pipeline Data Inc), Subsidiary Guarantee (CDX Com Inc), Subsidiary Guarantee (Knobias, Inc.)

Release of Guarantors. Each Guarantor will be released from all liability hereunder concurrently with the indefeasible repayment in full of all amounts owed under the Purchase AgreementObligations (other than inchoate indemnity obligations or indemnification obligations for which no claim or demand for payment, the Debentures and the other Transaction Documentswhether oral or written has been made at such time).

Appears in 6 contracts

Samples: Guaranty (Eastside Distilling, Inc.), Guaranty (Ault Alliance, Inc.), Guaranty (Alzamend Neuro, Inc.)

Release of Guarantors. Each Guarantor will be released from all liability hereunder concurrently with the indefeasible repayment in full of all amounts owed under the Purchase Agreement, the Debentures Notes, Warrants, and the other Transaction Documents.

Appears in 6 contracts

Samples: Securities Purchase Agreement (Inpixon), Subsidiary Guarantee (NRX Pharmaceuticals, Inc.), Subsidiary Guarantee (Ensysce Biosciences, Inc.)

Release of Guarantors. Each Guarantor The Guarantors will be released from all liability hereunder concurrently with the indefeasible repayment in full of all amounts owed under in connection with the Purchase Agreement, the Debentures and the other Transaction DocumentsObligations.

Appears in 6 contracts

Samples: Subsidiary Guarantee (NightFood Holdings, Inc.), Corporate Guarantee (White River Energy Corp.), Corporate Guarantee (White River Energy Corp.)

Release of Guarantors. Each Guarantor will be automatically released from all liability hereunder concurrently with the indefeasible repayment in full (or conversion into common stock of the Company) of all amounts (other than contingent indemnification obligations for which no claim has been asserted) owed under the Purchase Agreement, the Debentures Notes and the other Transaction Documents.

Appears in 5 contracts

Samples: Subsidiary Guarantee (Fathom Holdings Inc.), Subsidiary Guarantee (Fathom Holdings Inc.), Subsidiary Guarantee (Dyadic International Inc)

Release of Guarantors. Each Guarantor will be released from all liability hereunder concurrently with the indefeasible repayment in full of all amounts owed under the Purchase Agreement, the Debentures Note and the other Transaction Documents.

Appears in 5 contracts

Samples: Subsidiary Guarantee (Zerify, Inc.), Guaranty (Giga Tronics Inc), Subsidiary Guarantee (Biotech Products Services & Research, Inc.)

Release of Guarantors. Each Guarantor will be released from all liability hereunder concurrently with the indefeasible repayment in full of all amounts owed under the Purchase Agreement, the Debentures Note, and the other Transaction Documents.

Appears in 5 contracts

Samples: Subsidiary Guarantee (Omnia Wellness Inc.), Subsidiary Guarantee (POSITIVEID Corp), Subsidiary Guarantee (POSITIVEID Corp)

Release of Guarantors. Each Guarantor will be released from all liability hereunder concurrently with the indefeasible repayment in full of all amounts owed under the Purchase Agreement, the Debentures and the other Transaction DocumentsDocuments or upon the sale or transfer of a majority of the outstanding stock or other equity interest of such Guarantor with the prior written consent of holders of a majority in interest of the Debentures.

Appears in 5 contracts

Samples: Securities Purchase Agreement (Rennova Health, Inc.), Subsidiary Guarantee (Rennova Health, Inc.), Subsidiary Guarantee (Rennova Health, Inc.)

Release of Guarantors. Each Guarantor will be released from all liability hereunder concurrently with the indefeasible repayment in full of all amounts owed under the Purchase Agreement, the Debentures and the Obligations (other Transaction Documentsthan contingent indemnity obligations).

Appears in 4 contracts

Samples: Note Purchase Agreement (CannLabs, Inc.), Subsidiary Guarantee (CannLabs, Inc.), Security Agreement (PLC Systems Inc)

Release of Guarantors. Each Guarantor will be released from all liability hereunder concurrently with the indefeasible repayment in full of all amounts owed under the Purchase Agreement, the Debentures Notes and the other Transaction Documents.

Appears in 3 contracts

Samples: Subsidiary Guarantee (Helix TCS, Inc.), Subsidiary Guarantee (Helix TCS, Inc.), Subsidiary Guarantee (Oroplata Resources, Inc.)

Release of Guarantors. Each Guarantor will be released from all liability hereunder concurrently with the indefeasible repayment in full of all amounts owed under the Purchase Agreement, the Debentures Notes, and the other Transaction Documents.

Appears in 2 contracts

Samples: Subsidiary Guarantee (Digital Ally, Inc.), Subsidiary Guarantee (Isun, Inc.)

Release of Guarantors. Each Guarantor will be released from all liability hereunder concurrently with the indefeasible repayment in full of all amounts owed under the Purchase Agreement, the Debentures Senior Secured Convertible Note and the other Transaction Documents.

Appears in 2 contracts

Samples: Subsidiary Guarantee (Exactus, Inc.), Subsidiary Guarantee (Digital Ally Inc)

Release of Guarantors. Each Guarantor will be released from all liability hereunder concurrently with the indefeasible repayment in full of all amounts owed under the Purchase Agreement, the Debentures and the other Transaction DocumentsDebentures.

Appears in 2 contracts

Samples: Subsidiary Guarantee (Accentia Biopharmaceuticals Inc), Subsidiary Guarantee (Accentia Biopharmaceuticals Inc)

Release of Guarantors. Each Guarantor will be released from all liability hereunder concurrently with the indefeasible repayment in full of all amounts owed under the Purchase Agreement, the Exchange Agreement, the Debentures and the other Transaction Documents.

Appears in 2 contracts

Samples: Subsidiary Guarantee (Rennova Health, Inc.), Subsidiary Guarantee (Rennova Health, Inc.)

Release of Guarantors. Each Guarantor will be released from all liability hereunder concurrently with the indefeasible repayment in full in cash of all amounts owed under the Purchase Agreement, the Debentures and the other Transaction DocumentsDocuments (excluding inchoate reimbursement obligations for which no demand has been made).

Appears in 2 contracts

Samples: Subsidiary Guarantee (Bionano Genomics, Inc.), Subsidiary Guarantee (Enzo Biochem Inc)

Release of Guarantors. Each Guarantor will be released from all liability hereunder concurrently with the indefeasible repayment in full of all amounts owed under the Purchase Agreement, the Debentures and the other Transaction DocumentsNote.

Appears in 2 contracts

Samples: Subsidiary Guarantee (ASTROTECH Corp), Subsidiary Guarantee (ASTROTECH Corp)

Release of Guarantors. Each Guarantor will be released from all liability hereunder concurrently with the indefeasible repayment in full of all amounts owed under the Note Purchase Agreement, the Debentures Notes and the other Transaction Documents.

Appears in 2 contracts

Samples: Limited Guaranty Agreement (Youngevity International, Inc.), Guaranty Agreement (Youngevity International, Inc.)

Release of Guarantors. Each Subject to Section 2.6, each Guarantor will be released from all liability hereunder concurrently with the indefeasible repayment in full of all amounts owed under of the Purchase Agreement, the Debentures and the other Transaction DocumentsObligations.

Appears in 2 contracts

Samples: Subsidiary Guarantee (ICP Solar Technologies Inc.), Subsidiary Guarantee (ICP Solar Technologies Inc.)

Release of Guarantors. Each Guarantor will be released from all liability hereunder concurrently with the indefeasible repayment in full of all amounts owed under the Purchase Agreement, the Debentures Securities, and the other Transaction Documents.

Appears in 2 contracts

Samples: Subsidiary Guarantee, Subsidiary Guarantee (Black Cactus Global, Inc.)

Release of Guarantors. Each Guarantor will be released from all liability hereunder concurrently with the indefeasible repayment in full of all amounts owed under the Purchase Agreement, the Debentures Certificate of Designations, the NACD Common Shares (or as applicable subsequent to the exchange pursuant to Section 2.5 of the Purchase Agreement, the Preferred Shares or the Notes) and the other Transaction Documents.

Appears in 1 contract

Samples: Subsidiary Guarantee (Nac Global Technologies, Inc.)

Release of Guarantors. Each Guarantor will be released from all liability hereunder concurrently with (i) the indefeasible repayment in full of all amounts owed under the Purchase Agreement, the Debentures and the other Transaction DocumentsDocuments or (ii) pursuant to any Applicable Subsidiary Release under Section 4.12 of the Purchase Agreement.

Appears in 1 contract

Samples: Subsidiary Guarantee (Ideanomics, Inc.)

Release of Guarantors. Each Guarantor will be released from all liability hereunder concurrently with the indefeasible repayment in full of all amounts owed under the Purchase Agreement, the Debentures Notes and the other Transaction otherTransaction Documents.

Appears in 1 contract

Samples: Guaranty (Cyber App Solutions Corp.)

Release of Guarantors. Each Subject to Section 2.6, each Guarantor will be released from all liability hereunder concurrently with the indefeasible repayment in full of all amounts owed under the Purchase AgreementAgreements, the Debentures and the other Transaction Documents.

Appears in 1 contract

Samples: Subsidiary Guarantee (Advanced Cell Technology, Inc.)

Release of Guarantors. Each Guarantor will be released from all liability hereunder concurrently with the indefeasible repayment in full of all amounts owed under of the Purchase AgreementObligations, or upon the Debentures and the other Transaction Documentsforeclosure of all Collateral pledged by such Guarantor.

Appears in 1 contract

Samples: Non Recourse Subsidiary Guarantee (Rodman & Renshaw Capital Group, Inc.)

AutoNDA by SimpleDocs

Release of Guarantors. Each Guarantor will be released from all liability hereunder concurrently with the indefeasible repayment in full of all amounts owed under the Purchase Agreement, the Debentures Agreement and the other Transaction DocumentsNotes.

Appears in 1 contract

Samples: Secured Subsidiary Guarantee (Digital Ally, Inc.)

Release of Guarantors. Each Guarantor will be released from all liability hereunder (i) concurrently with the indefeasible repayment in full of all amounts owed under the Purchase Agreement, the Debentures and the other Transaction DocumentsDocuments or (ii) if such party ceases to be a subsidiary of the Company.

Appears in 1 contract

Samples: Subsidiary Guarantee (Apollo Endosurgery, Inc.)

Release of Guarantors. Each Guarantor will be released from all liability hereunder concurrently with the indefeasible repayment in full of all amounts owed under the Purchase Agreement, the Debentures Notes and the other Transaction Documents.

Appears in 1 contract

Samples: Subsidiary Guarantee (Elicio Therapeutics, Inc.)

Release of Guarantors. Each Guarantor will be released from all liability hereunder concurrently with the indefeasible repayment in full of all amounts owed under the Purchase Agreement, the Debentures and the other Transaction DocumentsNote.

Appears in 1 contract

Samples: Subsidiary Guarantee (NXT Nutritionals Holdings, Inc.)

Release of Guarantors. Each Guarantor will be released from all liability hereunder concurrently with the indefeasible repayment in full of all amounts owed under the Purchase Agreement, the Debentures and the other Transaction Documents.Documents (other than inchoate indemnity or expense obligations as to which no claim has been made). *********************

Appears in 1 contract

Samples: Subsidiary Guarantee (LiveXLive Media, Inc.)

Release of Guarantors. Each Guarantor will be released from all liability hereunder (i) concurrently with the indefeasible repayment in full of all amounts owed under the Purchase Agreement, the Debentures and the other Transaction DocumentsDocuments or (ii) if such Guarantor is sold in a transaction permitted by the Debentures.

Appears in 1 contract

Samples: Subsidiary Guarantee (Ocz Technology Group Inc)

Release of Guarantors. Each Guarantor will be released from all liability hereunder concurrently with the indefeasible repayment payment in full (other than contingent payment obligations for which no claim has been asserted, which for purposes of clarification shall not include principal amounts and accrued interest on the Debentures) of all amounts owed under the Purchase Agreement, the Debentures and the other Transaction Documents.

Appears in 1 contract

Samples: Subsidiary Guarantee (Synthesis Energy Systems Inc)

Release of Guarantors. Each Guarantor will be released from all liability hereunder concurrently with the indefeasible repayment in full of all amounts owed under the Purchase Subscription Agreement, the Debentures Notes and the other Transaction Documents.

Appears in 1 contract

Samples: Subsidiary Guarantee (Magnolia Solar Corp)

Release of Guarantors. Each Guarantor will be automatically released from all liability hereunder concurrently with the indefeasible repayment in full of all amounts owed under the Purchase Agreement, the Debentures and the other Transaction Documents, without the need for any further action by the Purchasers, the Guarantor or the Company.

Appears in 1 contract

Samples: Subsidiary Guarantee (Future Healthcare of America)

Release of Guarantors. Each Guarantor will be released from all liability hereunder concurrently with the indefeasible repayment in full of all amounts owed under the Purchase Agreement, the Debentures Note and the other Transaction Documents.Documents (other than inchoate indemnity or expense obligations as to which no claim has been made). *********************

Appears in 1 contract

Samples: Subsidiary Guarantee (LiveXLive Media, Inc.)

Release of Guarantors. Each Guarantor will be released from all liability hereunder concurrently with the indefeasible repayment in full of all amounts owed under the Purchase Agreement, the Debentures Notes and the other Transaction Documents.. (n)

Appears in 1 contract

Samples: Subsidiary Guarantee (Elicio Therapeutics, Inc.)

Release of Guarantors. Each Guarantor will be released from all liability hereunder concurrently with the indefeasible repayment in full of all amounts owed under the Purchase Agreement, the Debentures and the other Transaction DocumentsDebenture.

Appears in 1 contract

Samples: Subsidiary Guarantee (Capital Growth Systems Inc /Fl/)

Release of Guarantors. Each Guarantor will be released from all liability hereunder concurrently with respect to each Purchaser, upon the indefeasible repayment in full of all amounts owed to such Purchaser under the Purchase Agreement, the Debentures and the other Transaction Documents.

Appears in 1 contract

Samples: Subsidiary Guarantee (InspireMD, Inc.)

Release of Guarantors. Each Guarantor will be released from all liability hereunder concurrently with the indefeasible repayment in full of all amounts owed under the Note Purchase Agreement, the Debentures Note and the other Transaction Documents.

Appears in 1 contract

Samples: Guaranty Agreement (Youngevity International, Inc.)

Release of Guarantors. Each Guarantor will be released from all liability hereunder concurrently with the satisfaction in full of the Obligations and the indefeasible repayment in full of all amounts owed under the Purchase Agreement, the Debentures and the other Transaction Documents.

Appears in 1 contract

Samples: Subsidiary Guarantee (ABC Funding, Inc)

Release of Guarantors. Each Guarantor will be released from all liability hereunder concurrently with the indefeasible repayment in full of all amounts owed under the Purchase Agreement, the Debentures Note and the other Transaction Documents.

Appears in 1 contract

Samples: Subsidiary Guarantee (Cardax, Inc.)

Release of Guarantors. Each Guarantor will be released from all liability hereunder concurrently with the indefeasible repayment in full of all amounts owed under the Purchase Agreement, the Debentures Notes and the other Transaction Documents.

Appears in 1 contract

Samples: Subsidiary Guarantee (Viscount Systems Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!