Termination of Guarantees. The Parties acknowledge and agree that the obligations of the Company Group under or with respect to the EFH/TCEH Guarantees shall be terminated and extinguished as of the Contribution Effective Time pursuant to the Plan of Reorganization.
Termination of Guarantees. 11.1. The Covers guaranteed under this Contract shall cease to be effective:
Termination of Guarantees. The BT Parties shall, prior to the Date of the Merger, use their best efforts to cause all guaranties granted by BTC, either in the form of personal guaranties (garantias fidejussórias) or in the form of collateral (garantias reais) in respect of any third parties’ obligations to be released by the respective creditors. In the event that any such guaranty may not be released, BT shall provide the TI Parties, as the case may be, with counter-guaranties reasonably satisfactory to them.
Termination of Guarantees. On or prior to the Closing Date, the Company shall terminate each of the surety bonds, performance bond guarantees or financial assurances set forth on Schedule 3.20.
Termination of Guarantees. Any Guarantee or any Pledge to be provided by any of the Restricted Credit Parties pursuant to the terms of this Agreement is or purports to be terminated by notice given under Article 2362 of the Civil Code of Québec or other Applicable Law, unless such termination is effected in the context of replacing a Restricted Subsidiary with another in accordance with the relevant provisions of this Agreement or, if despite such termination, no Default occurs under Section 14.2.
Termination of Guarantees. The Guarantee of any Guarantor (including the Initial Guarantors), and the provisions of any supplemental indenture with respect to a Guarantee by such Guarantor and this Indenture with respect to such Guarantor, shall be released, terminated and of no further force and effect, without further action by any party, immediately upon the release or termination of such Guarantor’s guarantee of indebtedness under all Credit Agreements to which it is a party. * * * * *
Termination of Guarantees. Each Stockholder will take all actions necessary to release the Company on or prior to the Closing from any guarantee given by the Company for personal indebtedness of such Stockholder or otherwise provide appropriate assurances that such guarantee will be released as soon as reasonably practicable after the Closing.
Termination of Guarantees. (a) Buyer shall use reasonable best efforts to obtain, on or prior to the Closing, the termination of, and full release of Seller and its Affiliates (other than the Company Group) from, all obligations of Seller and its Affiliates (other than the Company Group) arising under all guarantees, clawback arrangements, keepwells, letters of credit, indemnity or contribution agreements, support agreements, comfort letters, insurance surety bonds or other contingent obligations set forth in Section 5.15(a) of the Company Disclosure Letter (collectively, the “Seller Guarantees”). Such efforts shall include an offer by Buyer (or with Seller’s consent by an Affiliate of Buyer or by other Persons) to substitute its own obligations for those of Seller and its Affiliates (other than any member of the Company Group) under each Seller Guarantee on no less favorable terms than apply to Parent, Seller or its Affiliates (other than the Company Group).
Termination of Guarantees. All Guarantees shall have been terminated in accordance with Section 5.11
Termination of Guarantees. For the avoidance of doubt, all guarantees issued by any Obligor, other than the Borrower and Gazit Midas, and all obligations, undertakings, and liabilities by such Obligor pursuant to any Finance Document, shall terminate upon the final release of all Securities previously pledged by such Obligor pursuant to the Finance Documents.
