Common use of Removal of Personal Guarantees Clause in Contracts

Removal of Personal Guarantees. Group 1 will use commercially reasonable efforts to have all personal guarantees by any of the Company's officers, directors, shareholders or employees of any obligation of the Company terminated, waived or released.

Appears in 13 contracts

Samples: Stock Purchase Agreement (Group 1 Automotive Inc), Stock Purchase Agreement (Group 1 Automotive Inc), Stock Purchase Agreement (Group 1 Automotive Inc)

AutoNDA by SimpleDocs

Removal of Personal Guarantees. Group 1 will use commercially reasonable efforts to have all personal guarantees by of any of the Company's or the General Partner's officers, directors, shareholders or employees partners of any obligation of the Company or the General Partner terminated, waived or released.

Appears in 2 contracts

Samples: Purchase Agreement (Group 1 Automotive Inc), Purchase Agreement (Group 1 Automotive Inc)

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