Common use of Release of the Guarantors Clause in Contracts

Release of the Guarantors. Subject to the last paragraph of Section 1.3 and Section 9.09 of the Credit Agreement, this Guaranty and the obligations of the Guarantors hereunder shall be terminated when the Guaranteed Obligations (other than contingent indemnification obligations under which there is no outstanding claim) shall have been fully paid in cash and fully performed, and the Aggregate Commitments shall have been terminated or shall have expired.

Appears in 1 contract

Sources: Credit Agreement (Five Point Holdings, LLC)

Release of the Guarantors. Subject to the last paragraph of Section 1.3 and Section 9.09 of the Credit Agreement, this Guaranty and the obligations of the Guarantors hereunder shall be terminated when the Guaranteed Obligations (other than contingent indemnification obligations under which there is no outstanding claim) shall have been fully paid in cash and fully performed, and the Aggregate Commitments shall have been terminated or shall have expiredexpired.1.14 [Reserved].

Appears in 1 contract

Sources: Credit Agreement (Five Point Holdings, LLC)