Shareholder Guarantees. Buyer will use commercially reasonable efforts to assist Shareholder in obtaining releases in full from its obligations under and pursuant to the liabilities, agreements and guarantees set forth in Exhibit 8.08.
Shareholder Guarantees. 2 6.7 Insurance.....................................................................2 6.14 WARN Act......................................................................2
Shareholder Guarantees. Except as otherwise disclosed on Schedule , the Shareholder has not guaranteed any obligations of the Company or any Subsidiary under any guarantee, letter of credit, bid bond or performance bond.
Shareholder Guarantees. If any indemnity, guarantee or other assurance against loss is given by a Shareholder for any obligation or liability of MRASCO at the request of MRASCO, all the other Shareholders shall indemnify such Shareholder in respect of any liability arising out of such indemnity, guarantee or other assurance against loss severally and rateably in accordance with the proportions set out in Clauses 8.10 and 8.11 of this Agreement. 10.
Shareholder Guarantees. The Purchaser covenants and agrees to use its reasonable best efforts (but not including the payment of monies) to arrange for the release of the Shareholder from each personal guarantee made by the Shareholder for the benefit of the Company set forth in Exhibit B (the "Shareholder Guarantees") and the Purchaser shall indemnify the Shareholder in accordance with Section X(B)(ii) hereof with respect to such Shareholder Guarantees.
Shareholder Guarantees. At the election of ATE, TIWC shall also provide ATE's portion of the shareholder guarantees applicable to the Initial Shares.
Shareholder Guarantees. During the period between the Signing Date and ----------------------- the Closing, Buyer, Corporation, and Shareholders shall use their joint best efforts to obtain a release of any and all guarantees of corporate obligations which have been provided by Shareholders to any lessor and to any creditor of Corporation.
Shareholder Guarantees. If EAP resolves to borrow money from parties other than Shareholders on terms requiring the Shareholders to give guarantees or collateral securities and the Shareholders consent to giving such guarantees or collateral securities, the liability of each Shareholder must be limited to its Equity Proportion of the amount borrowed.
Shareholder Guarantees. Purchaser agrees to use its commercially reasonable efforts to remove Shareholder as a personal guarantor or otherwise from personal liability on any obligation of the Company.
Shareholder Guarantees. Schedule 5.14 sets forth a list of guarantees made by the Shareholders to third parties with respect to the Business. Each of the Parties shall use all reasonable commercial efforts prior to the Closing to cause each of the Shareholders to be released from any and all guarantees, contingent or otherwise, of any kind or nature, made for or on behalf of any of the Companies or in connection with the Business (a " Shareholder Guarantee"). The release of the Shareholder Guarantee(s) shall be evidenced by the return of the original guaranty at the Closing or by the delivery of an irrevocable release executed by the beneficiary of the Shareholder Guarantee. In the event that the Shareholder releases have not been so released at the Closing, IRET and the Surviving Corporation shall make continuous reasonable commercial efforts to have terminated, extinguished or otherwise released any remaining Shareholder Guarantee(s) (and provide all documents and instruments to evidence such termination, extinguishment or release) and shall defend, indemnify and hold the Shareholders harmless from any Shareholder Guarantee.
