Common use of RELEASE FROM GUARANTEES Clause in Contracts

RELEASE FROM GUARANTEES. The Purchaser shall use its best efforts to have the Shareholders released from any and all guarantees on any indebtedness relating to the Purchased Assets that any of them personally guaranteed and from any and all pledges of assets that any of them pledged to secure such indebtedness for the benefit of the Seller, with all such guarantees on indebtedness being assumed by the Purchaser.

RELEASE FROM GUARANTEES. The Purchaser shall use its best efforts to have the Shareholders Shareholder released from any and all guarantees on any indebtedness relating to the Purchased Assets that any of them it personally guaranteed and from any and all pledges of assets that any of them it pledged to secure such indebtedness for the benefit of the Seller, with all such guarantees on indebtedness being assumed by the Purchaser.

RELEASE FROM GUARANTEES. The Purchaser shall use its best efforts to have the Shareholders Stockholders released from any and all guarantees on any indebtedness relating to the Purchased Assets that any of them they personally guaranteed and from any and all pledges of assets that any of them they pledged to secure such indebtedness for the benefit of the SellerCompany, with all such guarantees on indebtedness being assumed by the Purchaser.

RELEASE FROM GUARANTEES. The Purchaser and Parent shall use its best efforts to have the Shareholders Sellers released from any and all guarantees on any indebtedness relating to the Purchased Assets that any of them they personally guaranteed and from any and all pledges of assets that any of them they pledged to secure such indebtedness for the benefit of the SellerBusiness, with all such guarantees on indebtedness being assumed by the Purchaser.