Example ContractsClausesGuarantor Revocation
Guarantor Revocation
Guarantor Revocation contract clause examples

Guarantor Revocation. Except as permitted upon the termination of such Foreign Subsidiary Guarantor’s parent as a Foreign Subsidiary Borrower, any guarantor of the Obligations shall terminate or revoke any of its obligations under the Domestic Subsidiary Guaranty or the Foreign Subsidiary Guaranty (other than any termination or revocation after release in accordance with this Agreement or any other Loan Document).

Revocation. This Agreement may be revoked by Employee within seven (7) calendar days after the date this Agreement is signed by the Employee, by giving written or email notice of revocation to [[Person B:Person]], President, CEO and Director. This Agreement shall not become binding, effective or enforceable until the revocation period has expired with no revocation by Employee, and therefore the payments described in Section 1(d) of this Agreement shall not be made or provided unless Employee signs this Agreement and such revocation period expires with no revocation by Employee. If Employee does not revoke this Agreement, the eighth calendar day after the date of Employee signs this Agreement will be the “Effective Date” of the Agreement, on which this Agreement becomes binding and Employee may not thereafter revoke his acceptance of the Agreement.

Revocation. Executive understands that after executing this Agreement, he has the right to revoke it within seven (7) days after his execution of it. Executive understands that this Agreement will not become effective and enforceable unless the seven day revocation period passes and Executive does not revoke this Agreement in writing. Executive understands that this Agreement may not be revoked after the seven day revocation period has passed. Executive understands that any revocation of this Agreement must be made in writing and delivered to Employer at 575 Anton Blvd., Suite 100, Costa Mesa, CA 92626 within the seven (7) day period.

Revocation. The Borrower Representative shall have the right, by written notice to the Administrative Agent, to revoke in full (but not in part) its offer to make a Discounted Term Loan Prepayment and rescind the applicable Specified Discount Prepayment Notice, Discount Range Prepayment Notice or Solicited Discounted Prepayment Notice therefor at its discretion at any time on or prior to the applicable Specified Discount Prepayment Response Date (and if such offer is so revoked, any failure by the applicable Borrower to make any prepayment to a Lender pursuant to this [Subsection 4.4(l)] shall not constitute a Default or Event of Default under [Subsection 9.1] or otherwise).

Guarantor Revocation. Except as permitted upon the termination of such Foreign Subsidiary Guarantor’s parent as a Foreign Subsidiary Borrower, any guarantor of the Obligations shall terminate or revoke any of its obligations under the Domestic Subsidiary Guaranty or the Foreign Subsidiary Guaranty (other than any termination or revocation after release in accordance with this Agreement or any other Loan Document).

Revocation. If Blanchard decides to sign either General Release A or B, Blanchard may revoke that decision with regard to claims under the Age Discrimination in Employment Act at any time within seven (7) calendar days of the execution of each General Release by written notice to the Lead Independent Director of Panhandle. Blanchard understands that he cannot revoke his signature on a General Release at any time after that seven

Revocation. Employee acknowledges, if Employee chooses to do so, that Employee shall have seven (7) calendar days after signing this Agreement to revoke this Agreement only as it pertains to Employee’s federal age discrimination claim(s). If Employee elects to revoke this Agreement only as it pertains to any federal age discrimination claim(s), written notice of such revocation must be delivered to Kelley Berlin at the Company at the addresses above in such a manner that it is actually received by her within the seven (7) calendar-day period. If Employee chooses to revoke this Agreement only as it pertains to Employee’s federal age discrimination claim(s), Employee agrees and acknowledges that # the Reduced Schedule Benefit Period will immediately terminate upon the Company’s receipt of such revocation; and # the Separation Date will be modified to take effect on the date the Company receives such revocation. Employee acknowledges any Reduced Schedule Benefits received prior to such revocation is sufficient consideration to support the general release of all other claims detailed in Paragraph 3.

Revocation. This Agreement may be revoked by you within the 7-day period commencing on the date you sign this Agreement (the “Revocation Period”). In the event of any such revocation by you, all obligations of the Company and you under this Agreement will terminate and be of no further force and effect as of the date of such revocation. No such revocation by you will be effective unless it is in writing and signed by you and received by the Company prior to the expiration of the Revocation Period.

Revocation. Borrower may notify Lender that it no longer wishes to communicate electronically and the Lender shall stop electronic communications upon receipt of such notice. Communications sent or received prior to receipt of such notice shall remain effective.

Revocation. Employee acknowledges, if Employee chooses to do so, that Employee shall have seven (7) calendar days after signing this Amendment to revoke this Amendment only as it pertains to Employee’s federal age discrimination claim(s). If Employee elects to revoke this Amendment only as it pertains to any federal age discrimination claim(s), written notice of such revocation must be delivered to Kelley Berlin at the Company at the addresses above in such a manner that it is actually received by her within the seven (7) calendar- day period. If Employee chooses to revoke this Amendment only as it pertains to Employee’s federal age discrimination claim(s), Employee agrees and acknowledges that she will not receive the Separation Payment. Employee acknowledges any Reduced Schedule Benefits received prior to such revocation are sufficient consideration to support the general release of all other claims detailed in the Original Release.

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