Common use of Release of Security Interests Clause in Contracts

Release of Security Interests. On or after the Closing Date, the Shareholders and their respective Affiliates shall cause those security interests in the assets of the Corporation that have been created in favor of financial institutions or other lenders to secure indebtedness (other than indebtedness of the Corporation) of the Shareholders or their respective Affiliates to be released in a manner reasonably satisfactory to WCI, and shall cause all guaranties by the Corporation relating to the indebtedness of the Shareholders to be released to the reasonable satisfaction of WCI.

Release of Security Interests. On or after the Closing Date, the Shareholders Shareholder and their his respective Affiliates shall cause those security interests in the assets of the Corporation that have been created in favor of financial institutions or other lenders to secure indebtedness (other than indebtedness of the Corporation) of the Shareholders Shareholder or their his respective Affiliates to be released in a manner reasonably satisfactory to WCI, and shall cause all guaranties by the Corporation relating to the indebtedness of the Shareholders Shareholder to be released to the reasonable satisfaction of WCI.

Release of Security Interests. On or after Between the Signing Date and the Closing Date, the Shareholders and their respective Affiliates shall cause those security interests in the assets of the Corporation that have been created in favor of financial institutions or other lenders to secure indebtedness (other than indebtedness of the Corporation) of the Shareholders or their respective Affiliates to be released in a manner reasonably satisfactory to WCI, and shall cause all guaranties by the Corporation relating to the indebtedness of the Shareholders to be released to the reasonable satisfaction of WCI.

Release of Security Interests. On or after Between the Signing Date and the Closing Date, the Shareholders Shareholder and their his respective Affiliates shall cause those security interests in the assets of the Corporation Corporations that have been created in favor of financial institutions or other lenders to secure indebtedness (other than indebtedness of the that Corporation) of the Shareholders Shareholder or their his respective Affiliates to be released in a manner reasonably satisfactory to WCI, and shall cause all guaranties by the that Corporation relating to the indebtedness of the Shareholders Shareholder to be released to the reasonable satisfaction of WCI.

Release of Security Interests. On or after Between the Signing Date and the Closing Date, the Shareholders and their respective Affiliates shall cause those security interests in the assets of the Corporation that have been created in favor of financial institutions or other lenders to secure indebtedness (other than indebtedness of the that Corporation) of the Shareholders or their respective Affiliates to be released in a manner reasonably satisfactory to WCI, and shall cause all guaranties by the Corporation relating to the indebtedness of the Shareholders to be released to the reasonable satisfaction of WCI.