Release of Personal Guarantees. As of Closing, the Shareholders shall be deemed to be released from any personal guarantees made by such Shareholders with respect to any obligation of the Company. Buyer shall cooperate to have such Shareholders released by the Company's creditors from any such personal guarantees and shall indemnify such Shareholders from any Adverse Consequences (as defined in Section 8.2 hereof) arising from such personal guarantees, provided that such Adverse Consequences do not arise as a result of any default prior to the Closing Date by any such Shareholder under such personal guarantee.
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Samples: Stock Acquisition Agreement (Brown & Brown Inc), Stock Acquisition Agreement (Brown & Brown Inc), Stock Acquisition Agreement (Brown & Brown Inc)
Release of Personal Guarantees. As of Closing, the Shareholders shall be deemed to be released from any personal guarantees made by such Shareholders with respect to any obligation of the CompanyCompanies. Buyer shall cooperate to have such Shareholders released by the Company's Companies' creditors from any such personal guarantees and shall indemnify such Shareholders from any Adverse Consequences (as defined in Section 8.2 hereof) arising from such personal guarantees, provided that such Adverse Consequences do not arise as a result of any default prior to the Closing Date by any such Shareholder under such personal guarantee.
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