TERMINATION OF THE GUARANTY Sample Clauses

TERMINATION OF THE GUARANTY. This Guaranty shall remain in effect unless and, until all of the Indebtedness shall have been paid in full, the Letters of Credit have expired or been terminated, and the Commitment has been terminated. At such time, subject to subsection 2.11, this Guaranty shall automatically terminate without any action on the part of any party hereto.
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TERMINATION OF THE GUARANTY. 60 ARTICLE XIII SUBORDINATION
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TERMINATION OF THE GUARANTY. The Guaranteed Parties hereby acknowledge termination of the Guaranty at 11:59 pm on the Effective Date (hereafter defined) and release the Guarantor from any and all of its obligations set forth therein arising thereafter; provided the conditions set forth in Section 6 below are satisfied and further provided Guarantor's obligations under the proviso in Section 10 of the Guaranty shall not be terminated with respect to and Guarantor shall remain liable to the Guaranteed Parties thereunder with respect to, payments made prior to 11:59 pm on the Effective Date.
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TERMINATION OF THE GUARANTY. Unless otherwise specified as contemplated by Section 2.3(a) with respect to Securities of a particular series, the Guarantor's obligations under the Guaranty and this Indenture shall terminate immediately and automatically upon the consummation of the Acquisition without any action on the part of the Company, the Guarantor, the Trustee or any other person. The Guarantor intends to Guarantee the obligations of the Company under the Securities and this Indenture only for the period that the Company is a wholly owned subsidiary of the Guarantor. From and after the time that Capital Cities becomes a subsidiary or an Affiliate of the Company, the Trustee and Holders of Securities, whether then outstanding or issued thereafter, shall look only to the Company for performance under this Indenture and the Securities and shall have no further rights or remedies under the Guaranty or this Article XII. From and after the time the Guaranty terminates under this Article XII, any certificates authenticated and delivered pursuant to Section 2.4 shall not include the form of Guaranty attached hereto as Exhibit A.
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TERMINATION OF THE GUARANTY. Unless otherwise specified as contemplated by Section 2.3(a) with respect to Securities of a particular series, the Guarantor's obligations under the Guaranty and this Indenture shall terminate immediately and automatically upon the consummation of the Acquisition. The Guarantor intends to Guarantee the obligations of the Company under the Securities and this Indenture only for the period that the Company is a wholly owned subsidiary of the Guarantor. From and after the time that Capital Cities becomes a subsidiary or an Affiliate of the Company, the Trustee and Holders of Securities, whether then outstanding or issued thereafter, shall look only to the Company for performance under this Indenture and the Securities and shall have no further rights or remedies under the Guaranty or this Article XII. From and after the time the Guaranty terminates under this Article XII, any certificates authenticated and delivered pursuant to Sector 2.4 shall not include the form of quaranty attached hereto as Exhibit A.
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TERMINATION OF THE GUARANTY. Guarantors may terminate the personal guaranty set forth in section 30 at any time but must do so exclusively by giving notices as provided in section 22. Guarantors shall remain responsible and liable for all indebtedness and legal obligations of Buyer to Arcadia as of the fifth business day after receipt of the termination notices by both Arcadia’s credit manager and by Arcadia’s sales manager. Any and all security interests shall remain in full force until all indebtedness to Arcadia has been paid in full. The termination notices shall not apply to any purchase orders accepted by Arcadia prior to Arcadia’s receipt of the termination notices. Such notices shall be the exclusive method available to Guarantors to modify or terminate Buyer’s or Guarantors’ liability to Arcadia. The termination of a Guaranty shall not terminate Guarantors’ liability regarding the indemnification requirements listed in section 18 and section 28 with respect to Products sold before the termination, nor shall it terminate the Guarantors’ liability with respect to any purchase order accepted by Arcadia prior to Arcadia’s receipt of the termination notices.
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Related to TERMINATION OF THE GUARANTY

  • Termination of Existing Credit Agreement Receipt by the Administrative Agent of evidence that the Existing Credit Agreement concurrently with the Closing Date is being terminated and all Liens securing obligations under the Existing Credit Agreement concurrently with the Closing Date are being released.

  • Termination of Existing Agreement The Existing Agreement is hereby terminated and replaced and superseded by this Agreement, effective August 1, 2001. All payments, of Base Salary or otherwise, made by the Company under the Existing Agreement with respect to any period commencing on or after August 1, 2001 shall be credited against the corresponding payment obligations of the Company under this Agreement.

  • TERMINATION OF THIS SECURITY AGREEMENT Subject to Section 10 hereof, this Security Agreement shall terminate upon the Termination Date.

  • TERM, TERMINATION AND AMENDMENT (a) This Agreement shall become effective on the date of its execution and shall remain in full force and effect for a period of two years from the effective date and shall automatically continue in full force and effect after such initial term unless either party terminates this Agreement by written notice to the other party at least sixty (60) days prior to the expiration of the initial term.

  • Termination of Obligations Termination of this Agreement pursuant to Section 10.1 hereof shall terminate all obligations of the parties hereunder, except for the obligations under Article IX, Article X, and Sections 11.4, 11.7, 11.14, 11.15 and 11.16 hereof; provided, however, that termination pursuant to paragraphs (b) or (c) of Section 10.1 shall not relieve the defaulting or breaching party or parties from any liability to the other parties hereto.

  • No Discharge or Diminishment of Loan Guaranty (a) Except as otherwise provided for herein, the obligations of each Loan Guarantor hereunder are unconditional and absolute and not subject to any reduction, limitation, impairment or termination for any reason (other than Payment in Full of the Guaranteed Obligations), including: (i) any claim of waiver, release, extension, renewal, settlement, surrender, alteration or compromise of any of the Guaranteed Obligations, by operation of law or otherwise; (ii) any change in the corporate existence, structure or ownership of any Borrower or any other Obligated Party liable for any of the Guaranteed Obligations; (iii) any insolvency, bankruptcy, reorganization or other similar proceeding affecting any Obligated Party or their assets or any resulting release or discharge of any obligation of any Obligated Party; or (iv) the existence of any claim, setoff or other rights which any Loan Guarantor may have at any time against any Obligated Party, the Administrative Agent, the Issuing Bank, any Lender or any other Person, whether in connection herewith or in any unrelated transactions.

  • Reinstatement and Continuation of Agreement If any Senior Priority Agent or Senior Priority Creditor is required in any Insolvency Proceeding or otherwise to turn over or otherwise pay to the estate of any Credit Party or any other Person any payment made in satisfaction of all or any portion of the Senior Priority Obligations (a “Senior Priority Recovery”), then the Senior Priority Obligations shall be reinstated to the extent of such Senior Priority Recovery. If this Agreement shall have been terminated prior to such Senior Priority Recovery, this Agreement shall be reinstated in full force and effect in the event of such Senior Priority Recovery, and such prior termination shall not diminish, release, discharge, impair, or otherwise affect the obligations of the Parties from such date of reinstatement. All rights, interests, agreements, and obligations of each Agent, each Senior Priority Creditor, and each Junior Priority Creditor under this Agreement shall remain in full force and effect and shall continue irrespective of the commencement of, or any discharge, confirmation, conversion, or dismissal of, any Insolvency Proceeding by or against any Credit Party or any other circumstance which otherwise might constitute a defense available to, or a discharge of, any Credit Party in respect of the Senior Priority Obligations or the Junior Priority Obligations. No priority or right of any Senior Priority Secured Party shall at any time be prejudiced or impaired in any way by any act or failure to act on the part of any Borrower or any Guarantor or by the noncompliance by any Person with the terms, provisions, or covenants of any of the Senior Priority Documents, regardless of any knowledge thereof which any Senior Priority Secured Party may have.

  • Effectiveness, Continuation, Termination and Amendment This Amended ------------------------------------------------------ and Restated Plan has been approved by a vote of the Board and its Independent Trustees and replaces the Fund's prior Distribution and Service Plan and Agreement for Class C shares. Unless terminated as hereinafter provided, it shall continue in effect until renewed by the Board in accordance with the Rule and thereafter from year to year or as the Board may otherwise determine but only so long as such continuance is specifically approved at least annually by a vote of the Board and its Independent Trustees cast in person at a meeting called for the purpose of voting on such continuance. This Plan may not be amended to increase materially the amount of payments to be made under this Plan, without approval of the Class C Shareholders at a meeting called for that purpose and all material amendments must be approved by a vote of the Board and of the Independent Trustees. This Plan may be terminated at any time by a vote of a majority of the Independent Trustees or by the vote of the holders of a "majority" (as defined in the 1940 Act) of the Fund's outstxxxxxx Xlass C voting shares. In the event of such termination, the Board and its Independent Trustees shall determine whether the Distributor shall be entitled to payment from the Fund of all or a portion of the Service Fee and/or the Asset-Based Sales Charge in respect of Shares sold prior to the effective date of such termination.

  • Termination of Agreement, Resignation, or Removal of Custodian Either party may terminate this agreement at any time by giving written notice to the other. We can resign as custodian at any time effective 30 days after we send written notice of our resignation to you. Upon receipt of that notice, you must make arrangements to transfer your Xxxx XXX to another financial organization. If you do not complete a transfer of your Xxxx XXX within 30 days from the date we send the notice to you, we have the right to transfer your Xxxx XXX assets to a successor Xxxx XXX trustee or custodian that we choose in our sole discretion, or we may pay your Xxxx XXX to you in a single sum. We will not be liable for any actions or failures to act on the part of any successor trustee or custodian, nor for any tax consequences you may incur that result from the transfer or distribution of your assets pursuant to this section. If this agreement is terminated, we may charge to your Xxxx XXX a reasonable amount of money that we believe is necessary to cover any associated costs, including but not limited to one or more of the following. • Any fees, expenses, or taxes chargeable against your Xxxx XXX • Any penalties or surrender charges associated with the early withdrawal of any savings instrument or other investment in your Xxxx XXX If we are a nonbank custodian required to comply with Regulations section 1.408-2(e) and we fail to do so or we are not keeping the records, making the returns, or sending the statements as are required by forms or regulations, the IRS may require us to substitute another trustee or custodian. We may establish a policy requiring distribution of the entire balance of your Xxxx XXX to you in cash or property if the balance of your Xxxx XXX drops below the minimum balance required under the applicable investment or policy established.

  • Termination of Existing Agreements Any previous employment agreement between Executive on the one hand and Employer or any of Employer’s Affiliates (as hereinafter defined) on the other hand is hereby terminated.

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