Common use of Release of Shareholder Guarantees Clause in Contracts

Release of Shareholder Guarantees. All personal guarantees of the Shareholders executed in favor of Amalgamated Bank in connection with Seller’s credit facility arrangement therewith shall have been released prior to or on the Closing Date.

Release of Shareholder Guarantees. All personal guarantees of the Shareholders executed in favor of Amalgamated Bank in connection with SellerColor Edge’s credit facility arrangement therewith shall have been released prior to or on the Closing Date.