Release from Guaranty. Laurel Pipe Line Company, L.P. is hereby released from all Obligations, whether past, present or future, including its Contribution Obligation (as such term is defined in the Guaranty) under that certain Guaranty dated on or about January 30, 2007 (the “Laurel Guaranty”) by certain Subsidiaries of the Borrower in favor of the Administrative Agent for the Lenders. The effective date of the release shall be the date on which this Second Amendment becomes effective. Notwithstanding the foregoing release, Laurel Pipe Line Company, L.P. shall continue to be deemed to be a Restricted Subsidiary.
Release from Guaranty. Upon receipt by Boston Beer of the payment described in Section 1 of this Agreement, Boston Beer does hereby irrevocably release and discharge Genesee, Genesee Corporation, their respective officers, directors and employees, and their respective successors and assigns, (collectively, "Releasees") from any and all: (a) obligations, duties, covenants and responsibilities under the Guaranty or the Production Agreement; and (b) claims, demands, actions, causes of action, debts, costs and liabilities whatsoever whether in law or equity, which Boston Beer ever had, now has or hereafter can, shall or may have against Releasees arising from or related to the Guaranty or the Production Agreement.
Release from Guaranty. Should Xxxx X. and/or Xxxxxx Xxx sell stock such that fifth and 10/100 percent (50.1%) of Lessee is owned by the public through an initial public offering or by another publicly held company and the net work of said entity is greater than $ten million ($10,000,000.00), then Lessor shall release the Guarantors from said Guaranty and the Guarantors shall have no further liability hereunder.
Release from Guaranty. (a) After either (v) Payment in Full, (w) upon any sale or other transfer of a Loan Parry that is permitted under this Agreement (other than a sale or other transfer to a Loan Party), (x) upon a designation of a Restricted Subsidiary as an Unrestricted Subsidiary permitted hereunder, (y) upon the approval, authorization or ratification in writing by the Required Lenders (or such other percentage of the Lenders whose consent is required by Section 10.01) with respect to the release of any Guarantor under the terms of the Guaranty or (z) upon a Guarantor no longer being a Guarantor by virtue of the definition thereof or a transaction permitted hereunder, each applicable Guarantor (or, in the case of clause (w) above, the applicable Guarantor so sold or transferred) shall automatically be released from the Guaranty, all without delivery of any instrument or performance of any act by any Person; provided that any such release of guarantee obligations shall be deemed subject to the provision that such guarantee obligations shall be reinstated if after such release any portion of any payment in respect of the Obligations guaranteed thereby shall be rescinded or must otherwise be restored or returned upon the insolvency, bankruptcy, dissolution, liquidation or reorganization of the Borrower or any Guarantor, or upon or as a result of the appointment of a receiver, intervenor or conservator of, or trustee or similar officer for, the Borrower or any Guarantor or any substantial part of its property, or otherwise, all as though such payment had not been made.
Release from Guaranty. Frederick J. Kiko shall have received a full and unconditional xxxxxxx xx xxx xxxbilities and obligations from all other parties to the personal guaranty described on Schedule 5.2(k).
Release from Guaranty. The Company is currently a "Guarantor" under the certain Consolidated Entity Guaranty dated August 31, 2001, executed by the Company (and various other entities whose accounts are consolidated with Seller in accordance with generally accepted accounting principles) in favor of Bank of America, N.A., and certain other Banks. Seller agrees that at or prior to Closing, Seller shall obtain a full and complete release of the Company from all obligations and liabilities of the Company under such Consolidated Entity Guaranty.
Release from Guaranty. Isolyser releases McGrevin from his --------------------- obligations under the Guaranty and covenants not to xxx or otherwise take any action against McGrevin with respect to any of the terms and provisions of such Guaranty.
Release from Guaranty. As of the effective date of this Amendment, MGTC is hereby released from its obligations under that certain Guaranty dated as of October 14, 1999 (the “MGTC Guaranty”); provided, however, that the release and termination effected hereby shall not extend to or affect any obligations or liabilities of MGTC under provisions of the MGTC Guaranty which by their terms are to survive termination of the MGTC Guaranty.
Release from Guaranty. The City of Shreveport, Louisiana, as landlord under the Company's lease with respect to its facility in Shreveport (the "Shreveport Lease"), shall have released IHI from its Guaranty of the Shreveport Lease.
Release from Guaranty. Macquarie Bank Limited shall have been released from its guaranty obligations pursuant to the General Aviation Agreement.
