Termination of Bank Facilities; Release of Guaranties Sample Clauses

Termination of Bank Facilities; Release of Guaranties. Sellers shall take all reasonable best efforts necessary to (i) retire all of Sigma6's outstanding bank indebtedness and (ii) fully, completely and unconditionally release and/or substitute Buyer or Sigma6 at or prior to Closing as guarantor for the Sellers on all leases of Sigma6 or other guarantees.
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Termination of Bank Facilities; Release of Guaranties. Sellers shall take all reasonable best efforts necessary to (i) retire all of SSC's outstanding bank indebtedness and (ii) fully, completely and unconditionally release and/or substitute Buyer or SSC at or prior to Closing as guarantor for the Sellers on all banking facilities of SSC or other guarantees.
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Termination of Bank Facilities; Release of Guaranties. Sellers shall take all reasonable best efforts necessary to (i) retire all of NMP's outstanding bank indebtedness and (ii) fully, completely and unconditionally release and/or substitute Buyer or NMP at or prior to Closing as guarantor for the Sellers on all leases of NMP or other guarantees.
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Termination of Bank Facilities; Release of Guaranties. Buyer and Seller shall take all commercially reasonable best efforts necessary to completely and unconditionally release Xxxxx X. Xxxxxxxx as guarantor on all Personal Guaranty Obligations within the 24 month period after the Closing Date.
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Termination of Bank Facilities; Release of Guaranties. Sellers shall (i) retire all of Infinity's outstanding bank indebtedness as of the Closing Date, except as otherwise specifically agreed by Buyer in writing and (ii) fully, completely and unconditionally release Infinity at or prior to Closing as guarantor for the Sellers on all banking facilities of Infinity or other guarantees.
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Termination of Bank Facilities; Release of Guaranties. Buyer and Sellers shall take all reasonable best efforts necessary to (i) retire all of WPC's outstanding bank indebtedness and (ii) fully, completely and unconditionally release and/or substitute Buyer or WPC at or prior to Closing as guarantor for the Sellers on all banking facilities of WPC or other guarantees.
Sample 1
Termination of Bank Facilities; Release of Guaranties. Buyer ----------------------------------------------------- and Sellers shall take all reasonable best efforts necessary to (i) retire all of Legacy's outstanding bank indebtedness and (ii) fully, completely and unconditionally release and/or substitute Buyer or Legacy at or prior to Closing as guarantor for the Sellers on all banking facilities of Legacy or other guarantees.
Sample 1
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Related to Termination of Bank Facilities; Release of Guaranties

  • Termination of Guaranty The obligations of any Guarantor under this Guaranty shall automatically terminate in accordance with Section 9.14 of the Credit Agreement.

  • Release of Guaranties WCI shall use reasonable efforts to obtain the termination and release promptly after the Closing Date of the personal guaranties of the Shareholders listed on Schedule 9.2, all of which relate to indebtedness of each Seller included in the Financial Statements as of the Balance Sheet Date or WCI and Buyer shall indemnify the Shareholders and hold them harmless from and against all losses, expenses or claims by third parties to enforce or collect indebtedness owed by each Seller as of the Closing Date which is personally guaranteed by the Shareholders pursuant to such guaranties. The Shareholders may notify the obligees under such guaranties that they have terminated their obligations under such guaranties. The Shareholders shall cooperate with WCI in obtaining such releases.

  • Release of Guaranty The Note Guaranty of a Guarantor will terminate upon

  • Acceleration of Guaranty Each Guarantor agrees that, in the event of the occurrence of any event of the type described in Section 8.01(f) of the Credit Agreement, with respect to the Borrowers, any other Obligor or any other Guarantor, and if such event shall occur at a time when any of the Obligations may not then be due and payable, such Guarantor will pay to the Lenders forthwith the full amount which would be payable hereunder by such Guarantor if all such Obligations were then due and payable.

  • Termination of Guarantee (a) This Guarantee shall terminate upon the occurrence of the following events:

  • Release of Guarantees A Guarantee by a Guarantor shall be automatically and unconditionally released and discharged, and no further action by such Guarantor, the Issuer or the Trustee is required for the release of such Guarantor’s Guarantee, upon:

  • Limitation of Guaranty Any term or provision of this Guaranty or any other Loan Document to the contrary notwithstanding, the maximum aggregate amount for which any Guarantor shall be liable hereunder shall not exceed the maximum amount for which such Guarantor can be liable without rendering this Guaranty or any other Loan Document, as it relates to such Guarantor, subject to avoidance under applicable Requirements of Law relating to fraudulent conveyance or fraudulent transfer (including the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act and Section 548 of title 11 of the United States Code or any applicable provisions of comparable Requirements of Law) (collectively, “Fraudulent Transfer Laws”). Any analysis of the provisions of this Guaranty for purposes of Fraudulent Transfer Laws shall take into account the right of contribution established in Section 2.3 and, for purposes of such analysis, give effect to any discharge of intercompany debt as a result of any payment made under the Guaranty.

  • Reaffirmation of Guaranty The Guarantors hereby ratify and affirm all of the terms, covenants, conditions and obligations of the Guaranty and acknowledge and agree that the term “Obligations” as used in the Guaranty shall apply to all of the Obligations of Seller to Buyer under the Repurchase Agreement, as amended hereby.

  • Release of Guarantee The Note Guarantees hereunder may be released in accordance with Section 10.2 of the Indenture.

  • Reaffirmation of Guaranties The Credit Parties signatory hereto hereby reaffirm their Guaranties of the Obligations, taking into account the provisions of this Amendment.

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