Common use of Release of Guarantors Clause in Contracts

Release of Guarantors. Each Guarantor will be released from all liability hereunder concurrently with the indefeasible repayment in full of all amounts owed under the Purchase Agreement, the Debentures and the other Transaction Documents.

Appears in 100 contracts

Samples: Security Agreement (Enable Holdings, Inc.), Subsidiary Guarantee (theMaven, Inc.), Security Agreement (Enable Holdings, Inc.)

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Release of Guarantors. Each Subject to Section 2.6, each Guarantor will be released from all liability hereunder concurrently with the indefeasible repayment in full of all amounts owed under the Purchase Agreement, the Debentures and the other Transaction Documents.

Appears in 56 contracts

Samples: Security Agreement (Center for Wound Healing, Inc.), Subsidiary Guarantee (Gigabeam Corp), Security Agreement (CenterStaging Corp.)

Release of Guarantors. Each Guarantor will be released from all liability hereunder concurrently with the indefeasible repayment in full of all amounts owed under the Purchase Agreement, the Debentures Notes and the other Transaction Documents.

Appears in 29 contracts

Samples: Subsidiary Guarantee (Attis Industries Inc.), Securities Purchase Agreement (Delcath Systems, Inc.), Registration Rights Agreement (Attis Industries Inc.)

Release of Guarantors. Each Subject to Section 2(f), each Guarantor will be released from all liability hereunder concurrently with the indefeasible repayment in full of all amounts owed under the Purchase Agreement, the Debentures Notes and the other Transaction Documents.

Appears in 7 contracts

Samples: Guarantee (United Benefits & Pension Services, Inc.), Subsidiary Guarantee (Las Vegas Gaming Inc), Subsidiary Guarantee (Shea Development Corp.)

Release of Guarantors. Each Guarantor The Guarantors will be released from all liability hereunder concurrently with the indefeasible repayment in full of all amounts owed under in connection with the Purchase Agreement, the Debentures and the other Transaction DocumentsObligations.

Appears in 6 contracts

Samples: Corporate Guarantee (White River Energy Corp.), Corporate Guarantee (White River Energy Corp.), Corporate Guarantee (White River Energy Corp.)

Release of Guarantors. Each Guarantor will be released from all liability hereunder concurrently with the indefeasible repayment in full of all amounts owed under the Purchase Agreement, the Debentures Note, and the other Transaction Documents.

Appears in 5 contracts

Samples: Subsidiary Guarantee (POSITIVEID Corp), Subsidiary Guarantee (Omnia Wellness Inc.), Subsidiary Guarantee (POSITIVEID Corp)

Release of Guarantors. Each Guarantor will be released from all liability hereunder concurrently with the indefeasible repayment in full of all amounts owed under the Purchase Agreement, the Debentures Notes, Warrants, and the other Transaction Documents.

Appears in 5 contracts

Samples: Securities Purchase Agreement (Inpixon), Subsidiary Guarantee (CENNTRO ELECTRIC GROUP LTD), Subsidiary Guarantee (Ensysce Biosciences, Inc.)

Release of Guarantors. Each Guarantor will be released from all liability hereunder concurrently with the indefeasible repayment in full of all amounts owed under the Purchase Agreement, the Debentures and the other Transaction DocumentsDocuments or upon the sale or transfer of a majority of the outstanding stock or other equity interest of such Guarantor with the prior written consent of holders of a majority in interest of the Debentures.

Appears in 5 contracts

Samples: Securities Purchase Agreement (Rennova Health, Inc.), Subsidiary Guarantee (Rennova Health, Inc.), Subsidiary Guarantee (Rennova Health, Inc.)

Release of Guarantors. Each Guarantor will be released from all liability hereunder concurrently with the indefeasible repayment in full of all amounts owed under the Purchase Agreement, the Debentures Note and the other Transaction Documents.

Appears in 5 contracts

Samples: Subsidiary Guarantee (Zerify, Inc.), Subsidiary Guarantee (ChromaDex Corp.), Guaranty (Giga Tronics Inc)

Release of Guarantors. Each Subject to Section 2(f), each Guarantor will be released from all liability hereunder concurrently with the indefeasible repayment in full of all amounts owed under the Purchase Agreement, the Debentures and the other Transaction Documents.

Appears in 4 contracts

Samples: Subsidiary Guarantee (Star Energy Corp), Subsidiary Guarantee (Universal Energy Corp.), Subsidiary Guarantee (Hague Corp.)

Release of Guarantors. Each Guarantor will be released from all liability hereunder concurrently with the indefeasible repayment in full of all amounts owed under the Purchase Agreement, the Debentures and the Obligations (other Transaction Documentsthan contingent indemnity obligations).

Appears in 4 contracts

Samples: Note Purchase Agreement (CannLabs, Inc.), Security Agreement (PLC Systems Inc), Subsidiary Guarantee (CannLabs, Inc.)

Release of Guarantors. Each Guarantor will be automatically released from all liability hereunder concurrently with the indefeasible repayment in full (or conversion into common stock of the Company) of all amounts (other than contingent indemnification obligations for which no claim has been asserted) owed under the Purchase Agreement, the Debentures Notes and the other Transaction Documents.

Appears in 3 contracts

Samples: Subsidiary Guarantee (Dyadic International Inc), Subsidiary Guarantee (Dolphin Entertainment, Inc.), Subsidiary Guarantee (Fathom Holdings Inc.)

Release of Guarantors. Each Guarantor will be released from all liability hereunder concurrently with the indefeasible repayment in full of all amounts owed under the Purchase Agreement, the Debentures Notes and the other Transaction Documents.

Appears in 3 contracts

Samples: Subsidiary Guarantee (Helix TCS, Inc.), Subsidiary Guarantee (Oroplata Resources, Inc.), Subsidiary Guarantee (Helix TCS, Inc.)

Release of Guarantors. Each Guarantor will be released from all liability hereunder concurrently with the indefeasible repayment in full of all amounts owed under the Purchase Agreement, the Debentures Senior Secured Convertible Note and the other Transaction Documents.

Appears in 2 contracts

Samples: Subsidiary Guarantee (Digital Ally Inc), Subsidiary Guarantee (Exactus, Inc.)

Release of Guarantors. Each Guarantor will be released from all liability hereunder concurrently with the indefeasible repayment in full of all amounts owed under the Purchase Agreement, the Debentures and the other Transaction DocumentsDebentures.

Appears in 2 contracts

Samples: Subsidiary Guarantee (Accentia Biopharmaceuticals Inc), Subsidiary Guarantee (Accentia Biopharmaceuticals Inc)

Release of Guarantors. Each Guarantor will be released from all liability hereunder concurrently with the indefeasible repayment in full of all amounts owed under the Purchase Agreement, the Debentures and the other Transaction DocumentsNote.

Appears in 2 contracts

Samples: Subsidiary Guarantee (ASTROTECH Corp), Subsidiary Guarantee (ASTROTECH Corp)

Release of Guarantors. Each Guarantor will be released from all liability hereunder concurrently with the indefeasible repayment in full of all amounts owed under the Purchase Agreement, the Debentures Notes, and the other Transaction Documents.

Appears in 2 contracts

Samples: Subsidiary Guarantee (Isun, Inc.), Subsidiary Guarantee (Digital Ally, Inc.)

Release of Guarantors. Each Subject to Section 2.6, each Guarantor will be released from all liability hereunder concurrently with the indefeasible repayment in full of all amounts owed under of the Purchase Agreement, the Debentures and the other Transaction DocumentsObligations.

Appears in 2 contracts

Samples: Subsidiary Guarantee (ICP Solar Technologies Inc.), Subsidiary Guarantee (ICP Solar Technologies Inc.)

Release of Guarantors. Each Guarantor will be released from all liability hereunder concurrently with the indefeasible repayment in full of all amounts owed under the Purchase AgreementObligations (other than inchoate indemnity obligations or indemnification obligations for which no claim or demand for payment, the Debentures and the other Transaction Documentswhether oral or written has been made at such time).

Appears in 2 contracts

Samples: Guaranty (Ault Alliance, Inc.), Guaranty (BitNile Metaverse, Inc.)

Release of Guarantors. Each Guarantor will be released from all liability hereunder concurrently with the indefeasible repayment in full of all amounts owed under the Purchase Agreement, the Exchange Agreement, the Debentures and the other Transaction Documents.

Appears in 2 contracts

Samples: Subsidiary Guarantee (Rennova Health, Inc.), Subsidiary Guarantee (Rennova Health, Inc.)

Release of Guarantors. Each Guarantor will be released from all liability hereunder concurrently with the indefeasible repayment in full of all amounts owed under the Note Purchase Agreement, the Debentures Notes and the other Transaction Documents.

Appears in 2 contracts

Samples: Limited Guaranty Agreement (Youngevity International, Inc.), Guaranty Agreement (Youngevity International, Inc.)

Release of Guarantors. Each Guarantor will be released from all liability hereunder (i) concurrently with the indefeasible repayment in full of all amounts owed under the Purchase Agreement, the Debentures and the other Transaction DocumentsDocuments or (ii) if such party ceases to be a subsidiary of the Company.

Appears in 1 contract

Samples: Subsidiary Guarantee (Apollo Endosurgery, Inc.)

Release of Guarantors. Each Guarantor will be released from all liability hereunder concurrently with the indefeasible repayment in full of all amounts owed under the Purchase Agreement, the Debentures Notes and the other Transaction Documents.

Appears in 1 contract

Samples: Subsidiary Guarantee (Viscount Systems Inc)

Release of Guarantors. Each Guarantor will be released from all liability hereunder (i) concurrently with the indefeasible repayment in full of all amounts owed under the Purchase Agreement, the Debentures and the other Transaction DocumentsDocuments or (ii) if such Guarantor is sold in a transaction permitted by the Debentures.

Appears in 1 contract

Samples: Subsidiary Guarantee (Ocz Technology Group Inc)

Release of Guarantors. Each Guarantor will be released from all liability hereunder concurrently with the indefeasible repayment in full of all amounts owed under of the Purchase AgreementObligations, or upon the Debentures and the other Transaction Documentsforeclosure of all Collateral pledged by such Guarantor.

Appears in 1 contract

Samples: Non Recourse Subsidiary Guarantee (Rodman & Renshaw Capital Group, Inc.)

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Release of Guarantors. Each Guarantor will be released from all liability hereunder concurrently with the indefeasible repayment in full of all amounts owed under the Purchase Subscription Agreement, the Debentures Notes and the other Transaction Documents.

Appears in 1 contract

Samples: Subsidiary Guarantee (Magnolia Solar Corp)

Release of Guarantors. Each Guarantor will be released from all liability hereunder concurrently with the indefeasible repayment in full of all amounts owed under the Purchase Agreement, the Debentures Certificate of Designations, the NACD Common Shares (or as applicable subsequent to the exchange pursuant to Section 2.5 of the Purchase Agreement, the Preferred Shares or the Notes) and the other Transaction Documents.

Appears in 1 contract

Samples: Subsidiary Guarantee (Nac Global Technologies, Inc.)

Release of Guarantors. Each Guarantor will be released from all liability hereunder concurrently with (i) the indefeasible repayment in full of all amounts owed under the Purchase Agreement, the Debentures and the other Transaction DocumentsDocuments or (ii) pursuant to any Applicable Subsidiary Release under Section 4.12 of the Purchase Agreement.

Appears in 1 contract

Samples: Subsidiary Guarantee (Ideanomics, Inc.)

Release of Guarantors. Each Guarantor will be released from all liability hereunder concurrently with the indefeasible repayment in full of all amounts owed under the Purchase Agreement, the Debentures Note and the other Transaction Documents.

Appears in 1 contract

Samples: Subsidiary Guarantee (Cardax, Inc.)

Release of Guarantors. Each Guarantor will be released from all liability hereunder concurrently with the indefeasible repayment in full of all amounts owed under the Purchase Agreement, the Debentures and the other Transaction DocumentsNote.

Appears in 1 contract

Samples: Subsidiary Guarantee (NXT Nutritionals Holdings, Inc.)

Release of Guarantors. Each Guarantor will be released from all liability hereunder concurrently with the indefeasible repayment in full in cash of all amounts owed under the Purchase Agreement, the Debentures and the other Transaction DocumentsDocuments (excluding inchoate reimbursement obligations for which no demand has been made).

Appears in 1 contract

Samples: Subsidiary Guarantee (Enzo Biochem Inc)

Release of Guarantors. Each Guarantor will be released from all liability hereunder concurrently with respect to each Purchaser, upon the indefeasible repayment in full of all amounts owed to such Purchaser under the Purchase Agreement, the Debentures and the other Transaction Documents.

Appears in 1 contract

Samples: Subsidiary Guarantee (InspireMD, Inc.)

Release of Guarantors. Each Guarantor will be released from all liability hereunder concurrently with the indefeasible repayment in full of all amounts owed under the Note Purchase Agreement, the Debentures Note and the other Transaction Documents.

Appears in 1 contract

Samples: Guaranty Agreement (Youngevity International, Inc.)

Release of Guarantors. Each Guarantor will be released from all liability hereunder concurrently with the indefeasible repayment in full of all amounts owed under the Purchase Agreement, the Debentures and the other Transaction DocumentsDebenture.

Appears in 1 contract

Samples: Subsidiary Guarantee (Capital Growth Systems Inc /Fl/)

Release of Guarantors. Each Guarantor will be released from all liability hereunder concurrently with the indefeasible repayment in full of all amounts owed under the Purchase Agreement, the Debentures Note and the other Transaction Documents.Documents (other than inchoate indemnity or expense obligations as to which no claim has been made). *********************

Appears in 1 contract

Samples: Subsidiary Guarantee (LiveXLive Media, Inc.)

Release of Guarantors. Each Guarantor will be released from all liability hereunder concurrently with the indefeasible repayment in full of all amounts owed under the Purchase Agreement, the Debentures Securities, and the other Transaction Documents.

Appears in 1 contract

Samples: Subsidiary Guarantee (Black Cactus Global, Inc.)

Release of Guarantors. Each Guarantor will be released from all liability hereunder concurrently with the satisfaction in full of the Obligations and the indefeasible repayment in full of all amounts owed under the Purchase Agreement, the Debentures and the other Transaction Documents.

Appears in 1 contract

Samples: Subsidiary Guarantee (ABC Funding, Inc)

Release of Guarantors. Each Guarantor will be released from all liability hereunder concurrently with the indefeasible repayment in full of all amounts owed under the Purchase Agreement, the Debentures Notes and the other Transaction otherTransaction Documents.

Appears in 1 contract

Samples: Guaranty (Cyber App Solutions Corp.)

Release of Guarantors. Each Guarantor will be released from all liability hereunder concurrently with the indefeasible repayment in full of all amounts owed under the Purchase Agreement, the Debentures and the other Transaction Documents.Documents (other than inchoate indemnity or expense obligations as to which no claim has been made). *********************

Appears in 1 contract

Samples: Subsidiary Guarantee (LiveXLive Media, Inc.)

Release of Guarantors. Each Guarantor will be automatically released from all liability hereunder concurrently with the indefeasible repayment in full of all amounts owed under the Purchase Agreement, the Debentures and the other Transaction Documents, without the need for any further action by the Purchasers, the Guarantor or the Company.

Appears in 1 contract

Samples: Subsidiary Guarantee (Future Healthcare of America)

Release of Guarantors. Each Guarantor will be released from all liability hereunder concurrently with the indefeasible repayment payment in full (other than contingent payment obligations for which no claim has been asserted, which for purposes of clarification shall not include principal amounts and accrued interest on the Debentures) of all amounts owed under the Purchase Agreement, the Debentures and the other Transaction Documents.

Appears in 1 contract

Samples: Subsidiary Guarantee (Synthesis Energy Systems Inc)

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