Common use of Personal Guaranties Clause in Contracts

Personal Guaranties. Purchaser shall make best efforts to obtain the release or termination of all Personal Guaranties from PGM's lenders within ninety (90) days from the date of Closing. If any such Personal Guaranties are not released within ninety (90) days of the Closing, Purchaser shall indemnify Sellers and hold them harmless for and from any and all claims and any and all losses by and all losses arising under such Personal Guaranties for obligations under such Personal Guaranties arising because of advances or obligations arising under the Guarantied Loans after the Closing. 10.7

Personal Guaranties. Purchaser shall make best efforts to obtain the release or termination of all Personal Guaranties from PGM's lenders within ninety (90) days from the date of Closing. If any such Personal Guaranties are not released within ninety (90) days of the Closing, Purchaser shall indemnify Sellers and hold them harmless for and from any and all claims and any and all losses by and all losses arising under such Personal Guaranties for obligations under such Personal Guaranties arising because of advances or obligations arising under the Guarantied Loans after the Closing. 10.7.