Sentences with phrase «release of his personal guarantee»

Not exact matches

I was CFO of a successful software company that had to show average returns of more than 25 percent of revenue to the bottom line after taxes, growth of more than 50 percent per year for five years and an excess of $ 20 million in annual revenue before the bank would release the owner's personal guarantees.

Sometimes bankers may counter to requests to release a personal guarantee with a phased release over a period of time or promise to present your proposal «at the next credit committee meeting.»

If the franchisee is well - funded or has multiple units, consider whether to waive or release personal guarantees based on the strength of their balance sheet.

On the subsequent exercise of a buy - sell provision relating to the business, the selling shareholder will expect not only to be paid out on his equity investment, but also to be released from potential liability under his personal guarantee.

Unfortunately, neither the buy - sell provision, nor the remainder of the shareholder agreement, specifically contemplated the release of the selling shareholder's personal guarantees on closing of the buy - sell transaction.