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MGRC » Topics » RELEASE FROM OBLIGATIONS (TRS-RENTELCO INC.)

This excerpt taken from the MGRC 10-Q filed Aug 3, 2006.

RELEASE FROM OBLIGATIONS (TRS-RENTELCO INC.)

Reference is made to that certain Note Purchase and Private Shelf Agreement, dated as of June 2, 2004 (as amended or otherwise modified from time to time, the “Note Agreement”), between McGrath RentCorp (the “Company”) and the other Persons party thereto. Capitalized terms used herein and not defined herein shall have the respective meanings given to such terms in the Note Agreement. Pursuant to the requirements of paragraph 5I of the Note Agreement, TRS-RenTelco Inc. (the “Additional Subsidiary”), has become a “Subsidiary Guarantor” and has executed and delivered a joinder to each of the Multiparty Guaranty and the Indemnity and Contribution Agreement

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