Termination of Existing Guarantee Sample Clauses

The 'Termination of Existing Guarantee' clause defines the conditions under which a current guarantee agreement will be brought to an end. Typically, this clause outlines the specific events or actions—such as the fulfillment of obligations, mutual agreement, or the occurrence of a triggering event—that will result in the guarantee no longer being in effect. By clearly stating when and how a guarantee terminates, this clause ensures that all parties understand when their rights and obligations under the guarantee cease, thereby preventing disputes and providing certainty regarding the end of the guarantor's liability.
Termination of Existing Guarantee. As and effective from the Restatement Effective Date, the obligations of the Guarantors (as defined in the Existing Credit Agreement) under the Guaranty (as defined in the Existing Credit Agreement) shall be terminated and of no further force or effect.
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Termination of Existing Guarantee. The parties agree that, effective upon the execution and delivery of the New Guarantee by New Guarantor, the Existing Guarantee is hereby terminated, and Original Guarantor shall no longer have any liability to Buyer thereunder.
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Related to Termination of Existing Guarantee

  • 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.

  • 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 Tax Sharing Agreements Any and all existing Tax sharing agreements (whether written or not) binding upon the Target Company or any of its Subsidiaries shall be terminated as of the Closing Date. After such date neither the Target Company nor any of its Subsidiaries or Representatives shall have any further rights or liabilities thereunder.

  • Complete Disposal Upon Termination of Service Agreement Upon Termination of the Service Agreement Provider shall dispose or delete all Student Data obtained under the Service Agreement. Prior to disposition of the data, Provider shall notify LEA in writing of its option to transfer data to a separate account, pursuant to Article II, section 3, above. In no event shall Provider dispose of data pursuant to this provision unless and until Provider has received affirmative written confirmation from LEA that data will not be transferred to a separate account.

  • Ratification of Existing Agreements All existing Dual Enrollment agreements between the TRUSTEES and the Private School are hereby modified to conform to the terms of this agreement and the appendices of this document.