Release of Guaranties definition

Release of Guaranties shall have the meaning ascribed in Section 6.16.
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Release of Guaranties. As defined in Subsection 5.01.01.
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Release of Guaranties. Silicon shall release the Continuing Guaranties provided by direct or indirect shareholders of Borrower at such time as the Borrower satisfies all of the criteria described below:
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Examples of Release of Guaranties in a sentence

  • The Release of Guaranties shall have been, or shall be simultaneously, completed with the Closing.

  • Parent and Seller shall provide a full written release and exculpation to, and for the benefit of, the MGM Acquired Entities and Purchaser from any Liability, Loss, restriction or performance in connection with, arising out of, or relating to, the Release of Encumbrances and the Release of Guaranties.

  • For the avoidance of doubt, any Liability or Loss incurred by Purchaser in connection with any Release of Guaranties shall not be subject to the provisions of Section 8.2(c).

  • Parent and Seller acknowledge and agree that all Liability or Loss associated with the Release of Encumbrances and the Release of Guaranties shall be borne exclusively by Parent and Seller.

  • Seller acknowledges and agrees that all Liability or Loss associated with the Release of Guaranties shall be borne exclusively by Seller, and the Seller Indemnifying Parties shall, jointly and severally, defend and indemnify the Purchaser Indemnified Parties in respect of, and hold each of them harmless from and against, any and all Losses suffered, incurred or sustained by any of them or to which any of them becomes subject, resulting from, arising out or, or relating to the Release of Guaranties.

  • Contemporaneously with the execution of this Amendment, the Lender has executed and delivered to the Released Guarantors that certain Release of Guaranties of even date herewith, pursuant to which the Lender has released and discharged the Released Guarantors from any and all obligations under the Personal Guaranties.

  • The assignments clearly state that the policies are held as collateral security for any and all liabilities of the undersigned, identified as Preston Nelson.7 The Nelsons urge a conclusion that the Release of Guaranties serves as a vehicle to terminate the assignments.

  • Section 7.1. Access to Information 31 Section 7.2. Notifications 32 Section 7.3. Consents of Third Parties; Governmental Approvals; Commercially Reasonable Efforts 32 Section 7.4. Operations Prior to the Closing Date 32 Section 7.5. Antitrust Law Compliance 33 Section 7.6. Intercompany Obligations 34 Section 7.7. Release of Guaranties 34 Section 7.8. Pre-Closing Structuring 34 Section 7.9. Canadian Plant 34 Section 7.10.

  • Section 6.16 Public Announcements Section 6.17 Release of Guaranties, etc.

  • Section 5.2 is hereby amended by deleting Section 5.2(g) (Release of Guaranties) in its entirety.

Related to Release of Guaranties

  • Notation of Guarantee means a notation, substantially in the form of Exhibit A, executed by a Guarantor and affixed to each Security of any Series to which the Guarantee of such Guarantor under Article XII of this Indenture applies.

  • Subsidiary Guaranties means the Domestic Subsidiary Guaranty and each Foreign Subsidiary Guaranty.

  • Guaranty Joinder Agreement means each Guaranty Joinder Agreement, substantially in the form thereof attached to the Guaranty, executed and delivered by a Guarantor or any other Person to the Administrative Agent pursuant to Section 6.12 or otherwise.

  • Guaranty Agreement means an agreement executed by the Guarantors in substantially the form of Exhibit F-2 unconditionally guarantying on a joint and several basis, payment of the Indebtedness, as the same may be amended, modified or supplemented from time to time.

  • Subsidiary Guaranty Agreement means each unconditional guaranty agreement executed by the Subsidiary Guarantors in favor of the Administrative Agent for the ratable benefit of the Secured Parties, substantially in the form of Exhibit H, as amended, restated, supplemented or otherwise modified from time to time.

  • Subsidiaries Guaranty shall have the meaning provided in Section 6.10.

  • Subsidiary Guaranty means the Subsidiary Guaranty made by the Subsidiary Guarantors in favor of the Administrative Agent and the Lenders, substantially in the form of Exhibit G.

  • Notice of Guaranteed Delivery means the notice of guaranteed delivery in the form printed on green paper accompanying the Offer to Purchase and Circular;

  • Security Joinder Agreement means each Security Joinder Agreement, substantially in the form thereof attached to the Security Agreement, executed and delivered by a Guarantor or any other Person to the Administrative Agent pursuant to Section 6.12 or otherwise.

  • Guaranties means, collectively, the Company Guaranty and the Subsidiary Guaranty.

  • Guaranty Agreements means and includes the Guarantee of the Loan Parties provided for in Section 11 and any other guaranty agreement executed and delivered in order to guarantee the Secured Obligations or any part thereof in form and substance acceptable to the Administrative Agent.

  • Guaranty means, with respect to any Person, any obligation (except the endorsement in the ordinary course of business of negotiable instruments for deposit or collection) of such Person guaranteeing or in effect guaranteeing any indebtedness, dividend or other obligation of any other Person in any manner, whether directly or indirectly, including (without limitation) obligations incurred through an agreement, contingent or otherwise, by such Person:

  • Additional Guarantors shall have the meaning assigned to such term in the Preamble hereof.

  • U.S. Guaranty means (a) the guaranty made by the Parent Borrower, Holdings and the other Guarantors in favor of the Administrative Agent on behalf of the Secured Parties pursuant to clause (b)(i) and (iii) of the definition of “Collateral and Guarantee Requirement,” substantially in the form of Exhibit F-1 and (b) each other guaranty and guaranty supplement delivered pursuant to Section 6.11(a)(i).

  • Holdings Guaranty means the Holdings Guaranty made by Holdings in favor of the Administrative Agent on behalf of the Secured Parties, substantially in the form of Exhibit F-1.

  • Guaranty Supplement has the meaning specified in Section 8.05.

  • Guaranty and Security Agreement means a guaranty and security agreement, dated as of even date with this Agreement, in form and substance reasonably satisfactory to Agent, executed and delivered by each of the Loan Parties to Agent.

  • Subsidiary Joinder Agreement means a joinder to this Agreement, substantially in the form of Exhibit C.

  • Guaranty and Collateral Agreement means the Guaranty and Collateral Agreement dated as of the date hereof executed and delivered by the Loan Parties, together with any joinders thereto and any other guaranty and collateral agreement executed by a Loan Party, in each case in form and substance satisfactory to the Administrative Agent.

  • Permitted SBIC Guarantee means a guarantee by the Borrower of Indebtedness of an SBIC Subsidiary on the SBA’s then applicable form, provided that the recourse to the Borrower thereunder is expressly limited only to periods after the occurrence of an event or condition that is an impermissible change in the control of such SBIC Subsidiary (it being understood that, as provided in clause (s) of Article VII, it shall be an Event of Default hereunder if any such event or condition giving rise to such recourse occurs).

  • Note Guaranty means the guaranty of the Notes by a Guarantor pursuant to this Indenture.

  • Reaffirmation Agreement means the Reaffirmation Agreement dated as of the Closing Date by the Borrower and the Guarantors to the Administrative Agent for the benefit of the Secured Parties.

  • Subsidiary Guarantee means any guarantee of the obligations of the Issuers under this Indenture and the Notes by any Subsidiary Guarantor in accordance with the provisions of this Indenture.

  • Guarantor Joinder Agreement means a guarantor joinder agreement substantially in the form of Exhibit 7.14 delivered by a Domestic Subsidiary of the Borrower pursuant to Section 7.14.