Removal of Related Party Guarantees. The Company and the Stockholders agree to take, or cause to be taken, all appropriate action, and do, or cause to be done, all things necessary, proper or advisable to terminate, waive or release all Company guarantees (such guarantees shall be referred to herein as "Related Guarantees," as described in the Company Disclosure Letter pursuant to Section 2.11 of this Agreement) of indebtedness or other obligations of any of the Company's officers, directors, shareholders or employees or their affiliates.
Appears in 8 contracts
Samples: Stock Purchase Agreement (Group 1 Automotive Inc), Stock Purchase Agreement (Group 1 Automotive Inc), Stock Purchase Agreement (Group 1 Automotive Inc)
Removal of Related Party Guarantees. (a) The Company and the Stockholders agree to take, or cause to be taken, all appropriate action, and do, or cause to be done, all things necessary, proper or advisable to terminate, waive or release all Company guarantees (such guarantees shall be referred to herein as "Related Guarantees," as described in the Company Disclosure Letter pursuant to Section 2.11 of this Agreement) of indebtedness or other obligations of any of the Company's officers, directors, shareholders or employees or their affiliates.
Appears in 4 contracts
Samples: Stock Purchase Agreement (Group 1 Automotive Inc), Stock Purchase Agreement (Group 1 Automotive Inc), Stock Purchase Agreement (Group 1 Automotive Inc)
Removal of Related Party Guarantees. The Company and the Stockholders agree to take, or cause to be taken, all appropriate action, and do, or cause to be done, all things necessary, proper or advisable to terminate, waive or release all guarantees by the Company guarantees (such guarantees shall be referred to herein as "Related Guarantees," ", as described in the Company Disclosure Letter Schedule 6.10 pursuant to Section 2.11 3.11 of this Agreement) of indebtedness or other obligations of any of the Company's officers, directors, shareholders or shareholders, employees or their affiliatesaffiliates of any such Persons.
Appears in 3 contracts
Samples: Agreement and Plan of Reorganization (Group 1 Automotive Inc), Agreement and Plan of Reorganization (Group 1 Automotive Inc), Agreement and Plan of Reorganization (Group 1 Automotive Inc)
Removal of Related Party Guarantees. The Company and the Stockholders Owners agree to take, or cause to be taken, all appropriate action, and do, or cause to be done, all things necessary, proper or advisable to terminate, waive or release all Company guarantees (such guarantees shall be referred to herein as "Related Guarantees," ", as described in the Company Disclosure Letter Schedule 6.10 pursuant to Section 2.11 3.9 of this Agreement) of indebtedness or other obligations of any of the Company's or the General Partner's officers, directors, shareholders or employees or their affiliates.
Appears in 2 contracts
Samples: Purchase Agreement (Group 1 Automotive Inc), Purchase Agreement (Group 1 Automotive Inc)
Removal of Related Party Guarantees. The Company and the Stockholders Stockholder agree to take, or cause to be taken, all appropriate action, and do, or cause to be done, all things necessary, proper or advisable to terminate, waive or release all Company guarantees (such guarantees shall be referred to herein as "Related Guarantees," ", as described in the Company Disclosure Letter Schedule 6.6 pursuant to Section 2.11 3.9 of this Agreement) of indebtedness or other obligations of any of the Company's officers, directors, shareholders or employees or their affiliates.
Appears in 1 contract
Removal of Related Party Guarantees. The Company and the Stockholders Owners agree to take, or cause to be taken, all appropriate action, and do, or cause to be done, all things necessary, proper or advisable to terminate, waive or release all Company guarantees (such guarantees shall be referred to herein as "Related Guarantees," ", as described in the Company Disclosure Letter Schedule 6.10 pursuant to Section 2.11 3.9 of this Agreement) of indebtedness or other obligations of any of the Company's officers, directors, shareholders or employees or their affiliates.
Appears in 1 contract