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SWY » Topics » 10.11 Invalidity of Subsidiary Borrower Guaranty .

This excerpt taken from the SWY 8-K filed Jun 7, 2005.

10.11 Invalidity of Subsidiary Borrower Guaranty.

 

The Subsidiary Borrower Guaranty for any reason, other than the satisfaction in full of all the “Subsidiary Borrower Obligations” as defined therein or any written release by the Lenders required under the provisions of subsection 11.6, ceases to be in full force and effect or

 

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is declared to be null and void, or Company denies that it has any further liability thereunder, or gives notice to such effect; or

 

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