Common use of Payment of Certain Indebtedness Clause in Contracts

Payment of Certain Indebtedness. Within thirty (30) days of the Closing, Buyer (or its successor) shall discharge in full certain indebtedness of the Company heretofore guaranteed by the Shareholders or any Shareholder and obtain a release of all such Shareholder's guaranties of such indebtedness provided that such indebtedness can be discharged without a penalty or other similar special charge. Buyer (or its successor) shall use reasonable commercial efforts to obtain the release of the Shareholders from any other guarantees of obligations of the Company as disclosed in the Disclosure Schedule.

Payment of Certain Indebtedness. Within thirty (30) days of the Closing, Buyer (or its successor) shall discharge in full certain indebtedness of the Company heretofore theretofore guaranteed by the Shareholders or any Shareholder and obtain a release of all such Shareholder's guaranties guarantees of such indebtedness provided that such indebtedness can be discharged without a penalty or other similar special charge. Buyer (or its successor) shall use reasonable commercial efforts to obtain the release of the Shareholders from any other guarantees of obligations of the Company as disclosed in the Disclosure Schedule.