Termination of Personal Guaranties Sample Clauses

Termination of Personal Guaranties. In the event that Pruitt and/or Hill execute personal xxxxxxtees with respect to Parent's obligations under the New Line of Credit (as required under Section 7.10(c)), then the Company shall cause Bear Stearns to release Pruitt and/or Hilx xxxx such personax xxxxantees by the date that is one (1) year following the Closing Date.
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Termination of Personal Guaranties. After the Effective Time, Parent shall use its best efforts to secure the termination of any personal guaranties by Xxxxx X. Xxxxxx, Xx. with respect to the corporate debt of the Company with South Trust Bank.
Termination of Personal Guaranties. In the event that Xxxxxx and/or Hill execute personal guarantees with respect to Parent's obligations under the New Line of Credit (as required under Section 7.10(c)), then the Company shall cause Bear Xxxxxxx to release Xxxxxx and/or Hill from such personal guarantees by the date that is one (1) year following the Closing Date.
Termination of Personal Guaranties. The personal guaranties of Borrower's obligations and indebtedness to Congress executed by, respectively, Xxx Xxxxxxx, Xxxxxx Xxxxx, Xxxxxx Xxxx, Xxxxxx Xxxxxxxxx, Xxxx Xxxxxxxx and Xxxxxxx Xxxxxx shall be and are hereby terminated, discharged and released in their entirety.
Termination of Personal Guaranties. At or prior to the Closing, all contracts and obligations that Equityholders have guaranteed on behalf of Seller relating to the Assets shall have been terminated, including without limitation, Equityholders' guaranties to BFI and Comerica.

Related to Termination of Personal Guaranties

  • Obligation after the termination of personal data processing services

  • Assignment of Personnel The Contractor shall not substitute any personnel for those specifically named in its proposal unless personnel with substantially equal or better qualifications and experience are provided, acceptable to County, as is evidenced in writing.

  • Violation of Agreement If Guest(s) violates any of the conditions of this Agreement, Agent may terminate this Agreement and enter premises. Upon notice of termination of this Agreement, Guest(s) shall vacate the Premises immediately and forfeit all rents and security deposits.

  • RETURN AND DELETION OF PERSONAL DATA 7.1 We shall return to You and, to the extent allowed by applicable law, delete Your Personal Data as set out in the Agreement. We are obliged to ensure that any Sub-processors adhere to the same obligation

  • Definition of Person The term “person” as used in this Agreement will be interpreted broadly to include, without limitation, any corporation, company, group, partnership or other entity or individual.

  • Condition of Personal Property All tangible personal property, equipment, fixtures and inventories included within the assets of the Company are in good, merchantable or in reasonably repairable condition and are suitable for the purposes for which they are used. No value in excess of applicable reserves has been given to any inventory with respect to obsolete or discontinued products. To the best of the Company's knowledge, all of the inventories and equipment, including equipment leased to others, are well maintained and in good operating condition.

  • Limitation of Personal Liability All the parties hereto acknowledge and agree that all liabilities of the Trust arising, directly or indirectly, under this Agreement, of any and every nature whatsoever, shall be satisfied solely out of the assets of the Fund and that no Trustee, officer or holder of shares of beneficial interest of the Trust shall be personally liable for any of the foregoing liabilities. The Trust Instrument describes in detail the respective responsibilities and limitations on liability of the Trustees, officers and holders of shares of beneficial interest of the Trust.

  • RATIFICATION OF PERFECTION CERTIFICATE Borrower hereby ratifies, confirms and reaffirms, all and singular, the terms and disclosures contained in a certain Perfection Certificate dated as of June 13, 2002 between Borrower and Bank, and acknowledges, confirms and agrees the disclosures and information Borrower provided to Bank in said Perfection Certificate has not changed, as of the date hereof.

  • Termination of Agreement, Resignation, or Removal of Custodian Either party may terminate this agreement at any time by giving written notice to the other. We can resign as custodian at any time effective 30 days after we send written notice of our resignation to you. Upon receipt of that notice, you must make arrangements to transfer your IRA to another financial organization. If you do not complete a transfer of your IRA within 30 days from the date we send the notice to you, we have the right to transfer your IRA assets to a successor IRA trustee or custodian that we choose in our sole discretion, or we may pay your IRA to you in a single sum. We will not be liable for any actions or failures to act on the part of any successor trustee or custodian, nor for any tax consequences you may incur that result from the transfer or distribution of your assets pursuant to this section. If this agreement is terminated, we may charge to your IRA a reasonable amount of money that we believe is necessary to cover any associated costs, including but not limited to one or more of the following. • Any fees, expenses, or taxes chargeable against your IRA • Any penalties or surrender charges associated with the early withdrawal of any savings instrument or other investment in your IRA If we are a nonbank custodian required to comply with Regulations section 1.408-2(e) and we fail to do so or we are not keeping the records, making the returns, or sending the statements as are required by forms or regulations, the IRS may require us to substitute another trustee or custodian. We may establish a policy requiring distribution of the entire balance of your IRA to you in cash or property if the balance of your IRA drops below the minimum balance required under the applicable investment or policy established.

  • Termination of Agreement If this Agreement is terminated by the Representatives in accordance with the provisions of Section 5 or Section 9(a)(i) hereof, the Company shall reimburse the Underwriters for all of their out-of-pocket expenses, including the reasonable fees and disbursements of counsel for the Underwriters.

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