ASSUMPTION OF GUARANTEES. The Additional Guarantor, as provided by Section 4.18 of the Indenture, jointly and severally, hereby unconditionally expressly assumes all of the obligations of a Guarantor under the Notes and the Indenture to the fullest as set forth in Article 12 of the Indenture; and the Additional Guarantor may expressly exercise every right and power of a Guarantor under the Indenture with the same effect as if it had been named a Guarantor therein.
ASSUMPTION OF GUARANTEES. Each Additional Guarantor, as provided by Section 4.09 of the First Supplemental Indenture, jointly and severally, hereby unconditionally expressly assumes all of the obligations of a Guarantor under the Notes and the First Supplemental Indenture to the fullest as set forth in Article 10 of the First Supplemental Indenture; and each Additional Guarantor may expressly exercise every right and power, and shall have every obligation, of a Guarantor under the First Supplemental Indenture with the same effect as if it had been named a Guarantor therein.
ASSUMPTION OF GUARANTEES. The Surviving Guarantor, as provided by Section 12.05 of the Indenture, hereby unconditionally expressly assumes all of the obligations of the Merging Guarantors as a Guarantor under the Notes and the Indenture to the fullest as set forth in Article 12 of the Indenture; and the Surviving Guarantor may expressly exercise every right and power of a Guarantor under the Indenture.
ASSUMPTION OF GUARANTEES. Kellxxxxx xxxll either (i) at Closing assume the guarantees previously made by the Shareholder on behalf of Solair and identified on Schedule 6.16 to the extent that any guaranteed parties thereunder consent to the substitution of Kellxxxxx xxxreunder or (ii) indemnify and hold harmless the Shareholder on account of any guarantees previously made by the Shareholder on behalf of Solair and identified on Schedule 6.16 with respect to obligations of Solair arising after the Closing, to the extent that any guaranteed parties thereunder do not consent to the substitution of Kellxxxxx xxxreunder. If Kellxxxxx xxxll fail to pay any amount due under subsection (ii) of the foregoing sentence and the Shareholder shall pay such amount, then the Shareholder shall have the right (but not the obligation), in addition to any other remedies which it may have, to deem such amount to be Shareholder Indemnifiable Damages in accordance with Article IX (provided that the Shareholder Indemnification Threshold shall not be applicable to such amount and such amount shall not count against the Shareholder Indemnification Cap).
ASSUMPTION OF GUARANTEES. The Buyer will take all reasonable efforts to the remove, within sixty (60) days of the Closing. any Seller from the any guaranty of any financial obligation of the Company.
ASSUMPTION OF GUARANTEES. Global Crossing NA and its affiliates ------------------------ shall have been released from any guarantees of the Company's and its subsidiaries' performance under the leases to which the Company or any of its subsidiaries is a party, and Exodus shall have assumed such guarantees as of the Closing Date, or (if such guarantees shall not have been released despite the parties' respective best efforts) Exodus shall have indemnified Global Crossing NA from any and all liabilities under such guarantees.
ASSUMPTION OF GUARANTEES. With effect from the Closing, the Buyer will (i) indemnify and keep indemnified the Seller from and against any liabilities, costs, expenses, damages and losses it may incur in connection with the guarantees listed in Appendix 7 that it has given with respect to certain products and third party debts of the Target and the Subsidiaries and (ii) take all measures necessary, starting without undue delay after the Closing Date to assume such guarantees or to procure that it's Affiliate or Affiliates assume such guarantees and will obtain unconditional releases from the beneficiaries of such guarantees in favour of the Seller. From the date of this Agreement until Closing the Seller will notify the Buyer promptly after any increase of Euros 100,000 or more in the amount of (i) the guarantees given by SEB in the maximum amounts of SEK 15,000,000 and Euros 504,564 and (ii) the guarantee given by Nordea Bank Finland for Euros 1,009,127, or the counter-indemnites given by the Seller in relation to those guarantees, all of which guarantees are listed in Appendix 7.
ASSUMPTION OF GUARANTEES. The Buyer shall have assumed the guarantees identified in Schedule 6.3.5 (the "Assumption of Guarantees") by an instrument acceptable to the Sellers that fully and completely releases each Seller that is a guarantor thereunder and each partner or shareholder, as applicable, of each such Seller, from any liability under such guarantees.
ASSUMPTION OF GUARANTEES. Unless otherwise agreed in the Facility Agreement, guarantee commission for each guarantee shall be due for payment annually in advance on the last day of the previous calendar year. On assumption of the guarantee, the Bank shall charge the fee for the residual current calendar year to the Borrower.
ASSUMPTION OF GUARANTEES. The Purchaser shall have assumed or replaced the Guarantees applicable to the Companies other than Alandco;"
(f) A new Section 8.01(a)(vii) shall be added as follows:
