Common use of Release of Guarantor Transfer Clause in Contracts

Release of Guarantor Transfer. (A) A “Release of Guarantor Transfer” is a Transfer that occurs when Funding Lender in Funding Lender’s Discretion agrees in writing to release a Guarantor (“Released Guarantor”) of a portion of Released Guarantor’s liability under the Guaranty.

Appears in 3 contracts

Samples: Continuing Covenant Agreement, Continuing Covenant Agreement, Continuing Covenant Agreement

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Release of Guarantor Transfer. (A) A “Release of Guarantor Transfer” is a Transfer that occurs when Funding Lender in Funding LenderXxxxxx’s Discretion agrees in writing to release a Guarantor (“Released Guarantor”) of a portion of Released Guarantor’s liability under the Guaranty.

Appears in 1 contract

Samples: Continuing Covenant Agreement

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