Shareholder Guarantees definition
Examples of Shareholder Guarantees in a sentence
The release of the Shareholder Guarantee(s) shall be evidenced by the return of the original guarantee at the Closing or by delivery of an irrevocable release executed by the named guarantee or beneficiary of the Shareholder Guarantee.
In the event that such a release is not obtained at or prior to the Closing, the Purchaser, the Company and the Subsidiaries shall make continuous commercially reasonable efforts to terminate, extinguish or otherwise obtain the release of any such remaining Shareholder Guarantee(s) (along with all documents and instruments to evidence such binding termination extinguishment or release).
The Company hereby agrees to, and to cause its Subsidiaries to, take all actions necessary to terminate each of the Shareholder Guarantees, effective as of the Closing.
Notwithstanding anything to the contrary contained in Section 2.01 hereof, a term of the Transfer of Available Shares may be the release or reduction of Shareholder Guarantees by the Transferring Shareholder.
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.