Common use of Release of Guarantors Clause in Contracts

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

Appears in 4 contracts

Samples: Guaranty Agreement (Universal Property Development & Acquisition Corp), Guaranty Agreement (Universal Property Development & Acquisition Corp), Subsidiary Guarantee (Universal Property Development & Acquisition Corp)

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

Appears in 4 contracts

Samples: Subsidiary Guarantee (Star Energy Corp), Subsidiary Guarantee (Hague Corp.), Subsidiary Guarantee (Universal Energy Corp.)

Release of Guarantors. Subject to Section 2(f)2.6, each Guarantor will be released from all liability hereunder concurrently with the repayment in full of all amounts owed under the Loan Purchase Agreement, the Note Notes and the other Transaction Documents.

Appears in 3 contracts

Samples: Subsidiary Guarantee (Linux Gold Corp), Subsidiary Guarantee (Oxford Media, Inc.), Subsidiary Guarantee (Oxford Media, Inc.)

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

Appears in 3 contracts

Samples: Subsidiary Guarantee (AtheroNova Inc.), Subsidiary Guarantee (AtheroNova Inc.), Subsidiary Guarantee (Blue Holdings, Inc.)

Release of Guarantors. Subject to Section 2(f)2.6, each Guarantor will be released from all liability hereunder concurrently with the repayment in full of all amounts owed under the Loan Agreement, the Note Notes and the other Transaction DocumentsLoan and Security Agreement.

Appears in 2 contracts

Samples: Subsidiary Guarantee (Unity Wireless Corp), Subsidiary Guarantee (Aduromed Industries, Inc.)

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

Appears in 2 contracts

Samples: Subsidiary Guarantee (Universal Property Development & Acquisition Corp), Subsidiary Guarantee (Heartland Oil & Gas Corp)

Release of Guarantors. Subject to Section 2(f), each Guarantor will be released from all liability hereunder concurrently with the repayment in full of all amounts owed under the Loan Purchase Agreement, the Note Notes and the other Transaction Documents; provided, however, that in the event that the Company sells all of the assets or stock of ______________, on terms satisfactory to the Purchaser, __________ will be released from all liability hereunder.

Appears in 2 contracts

Samples: Subsidiary Guarantee (Global Axcess Corp), Subsidiary Guarantee (Global Axcess Corp)

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

Appears in 2 contracts

Samples: Subsidiary Guarantee (Casita Enterprises, Inc.), Subsidiary Guarantee (AtheroNova Inc.)

Release of Guarantors. Subject to Section 2(f)2.6, each Guarantor will be released from all liability hereunder concurrently with the repayment in full of all amounts owed under of the Loan Agreement, the Note 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. Subject to Section 2(f), each Guarantor will be released from all liability hereunder concurrently with the repayment in full of all amounts owed under the Bridge Loan Agreement, the Note and the other Transaction Documents.

Appears in 2 contracts

Samples: Subsidiary Guarantee (Sonoma College Inc), Subsidiary Guarantee (Sonoma College Inc)

Release of Guarantors. Subject to Section 2(f)2.6, each Guarantor will be released from all liability hereunder concurrently with the repayment in full of all amounts owed under the Loan Agreement, the Note Agreement and the other Transaction DocumentsLoans.

Appears in 1 contract

Samples: Subsidiary Guarantee (Appliedtheory Corp)

Release of Guarantors. Subject to Section 2(f)2.6, each --------------------- Guarantor will be released from all liability hereunder concurrently with the repayment in full of all amounts owed under the Loan Exchange Agreement, the Note Debentures and the other Transaction Documents.

Appears in 1 contract

Samples: Subsidiary Guarantee (Constellation 3d Inc)

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

Appears in 1 contract

Samples: Subsidiary Guarantee (Chile Mining Technologies Inc.)

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

Appears in 1 contract

Samples: Subsidiary and Affiliate Guarantee (Inform Worldwide Holdings Inc)

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

Appears in 1 contract

Samples: Subsidiary Guarantee (Continental Fuels, Inc.)

Release of Guarantors. Subject to Section 2(f)2.6, each Guarantor will be released from all liability hereunder concurrently with the repayment in full of all amounts owed under the Loan Exchange Agreement, the Note Debentures and the other Transaction Documents.

Appears in 1 contract

Samples: Subsidiary Guarantee (Msgi Security Solutions, Inc)

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

Appears in 1 contract

Samples: Guaranty Agreement (Universal Property Development & Acquisition Corp)

Release of Guarantors. Subject to Section 2(f)2, each Guarantor will be released from all liability hereunder concurrently with the repayment by cash payment or delivery of securities in lieu of or in addition to cash, as more fully set forth in the Security Agreement, in full of all amounts owed under the Loan Security Agreement, the Note Notes and the other Transaction Documents.

Appears in 1 contract

Samples: Subsidiary Guarantee (KeyOn Communications Holdings Inc.)

Release of Guarantors. Subject to Section 2(f), each Guarantor will be released from all liability hereunder concurrently with the repayment in full of all amounts owed under the Loan Conversion Agreement, the New Note and the other Transaction Documents.

Appears in 1 contract

Samples: Subsidiary and Affiliate Guarantee (Actiga Corp)

Release of Guarantors. Subject to Section 2(f)2, each Guarantor will be released from all liability hereunder concurrently with the repayment in full of all amounts owed under the Loan Agreement, the Note and the other Transaction DocumentsNotes.

Appears in 1 contract

Samples: Subsidiary Guaranty (Fibrocell Science, Inc.)

Release of Guarantors. Subject to Section 2(f)2.6, each Guarantor will be released from all liability hereunder concurrently with the repayment in full of all amounts owed under the Loan Restructuring Agreement, the Note Revolving Credit and the other Transaction Documents.

Appears in 1 contract

Samples: Subsidiary Guarantee (Viral Genetics Inc /De/)

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