Bonds, Letters of Credit, Etc. Buyer shall use commercially reasonable efforts, and execute and deliver all commercially reasonable documents, to ensure that as of the Closing Time, Buyer has in place the bonds, letters of credit, indemnity agreements and similar instruments necessary to operate the System.
Bonds, Letters of Credit, Etc. Schedule 3.1(gg) sets forth a true and complete list of all bonds, letters of credit, guaranties and similar instruments issued by any Company, Seller or their Affiliates and required by contract or applicable Law to be posted or otherwise tendered in order to own/and or operate any of the Properties.
Bonds, Letters of Credit, Etc. Purchaser shall execute and deliver all reasonably necessary documents, to insure that on or before Closing, Purchaser has delivered each such bonds, letters of credit, indemnity agreements and similar instruments currently maintained and in effect as set forth in Schedule 5.18 in such amounts and in favor of such entities requiring the same in connection with the Purchased Assets, including all Permits, Franchises and Contracts.
Bonds, Letters of Credit, Etc. Buyer shall take all reasonably necessary steps, and execute and deliver all reasonably necessary documents, to insure that within 15 days after the Closing Buyer has delivered each such bonds, letters of credit, indemnity agreements and similar instruments currently maintained and in effect as set forth in Schedule 3.19 in such amounts and in favor of such Franchising Authorities and other third parties requiring the same in connection with the Franchises and the Contracts. Buyer shall not be obligated under this Section 5.11 to deliver any instrument not set forth in Schedule 3.19.
Bonds, Letters of Credit, Etc. Buyer shall take all necessary ----------------------------- steps, and execute and deliver all necessary documents, to ensure that on the Closing Date Buyer has in place the bonds, letters of credit, indemnity agreements and similar items necessary in connection with the Assumed Contracts, except where the failure to do so would not have a material adverse effect on Buyer's ability to consummate the transactions contemplated herein.
Bonds, Letters of Credit, Etc. Schedule 3.15 is a complete list of all bonds (including performance, fidelity, AD&D, or otherwise), letters of credit, and similar instruments issued by each Seller (or others for the benefit of any Seller), which secure such Seller’s performance or other obligations (all such bonds, letters of credit or similar instruments are herein referred to as “Bond Obligations”). Correct and complete copies of such Bond Obligations have been delivered to Buyer. Such Bond Obligations satisfy all requirements thereof set forth in (i) any Law applicable to Sellers or the Business and (ii) any Contract of a Seller.
Bonds, Letters of Credit, Etc. (a) As promptly as possible following the date hereof, Purchaser shall use commercially reasonable efforts to complete the foregoing obligations prior to the Closing: (i) releasing Parent and its Affiliates (each, “Released Party”) from obligations under indemnities, sureties, bonds, letters of credit, indemnity agreements, and other credit enhancement arrangements (each, a “Credit Enhancement”) as set forth on Schedule 8.7, and (ii) removing each Released Party as a guarantor, obligor, surety, indemnitor or credit enhancement party from the applicable Credit Enhancement or Credit Enhancements. Until each Released Party has been released in all respects from a applicable Credit Enhancement or Credit Enhancements, Purchaser agrees not to withdraw any cash collateral contributed by Purchaser, if any, pursuant to such Credit Enhancement or Credit Enhancements, or to take any other action that would be reasonably likely to diminish the security of the applicable Released Party with respect to its obligations arising from the Credit Enhancement or Credit Enhancements.
(b) If Purchaser fails to complete its obligations set forth in this Section 8.7(b) in good faith, it (i) shall use commercially reasonable efforts to complete its obligations 30 days following the Closing, (ii) agrees not to permit, cause or allow any additional Credit Enhancement to be issued by or on behalf of the Business, if any Released Party could incur obligations or liabilities arising from such additional Credit Enhancement, and (iii) shall provide, or cause to be provided, a letter of credit, cash escrow, or similar credit enhancement arrangements (A) the beneficiaries of which shall be the applicable Released Party or the Released Parties and (ii) in an aggregate amount not less than the aggregate amount of each Released Party’s obligations and liabilities pursuant to the Credit Enhancements (less the amount of any cash collateral contributed by Purchaser, if any, under the Credit Enhancements), but in any event no more than $100,000. If a Released Party has not been released in all respects from a Credit Enhancement or Credit Enhancements within 180 days after the Closing, such Released Party can terminate its obligations under the Credit Enhancement or Credit Enhancements without incurring any liability or obligation whatsoever to Purchaser, to any of its Affiliates, or to any other Person or Persons by reason of the termination of any Credit Enhancement in accordance with the terms ...
Bonds, Letters of Credit, Etc. Buyer shall take all necessary steps, and execute and deliver all necessary documents, to ensure that on the Closing Date Buyer has in place the bonds, letters of credit, indemnity agreements and similar items necessary in connection with the Acquired Contracts.
Bonds, Letters of Credit, Etc. Purchaser shall use commercially reasonable efforts to execute and deliver all reasonably necessary documents, to insure that on or before Closing, Purchaser has delivered such bonds, letters of credit, indemnity agreements and similar instruments currently maintained and in effect as set forth in Schedule 5.17 in such amounts and in favor of such entities as may be reasonably required by such entity.
Bonds, Letters of Credit, Etc. Buyer shall take all necessary steps, ----------------------------- and execute and deliver all necessary documents, to ensure that Buyer shall have delivered on the Closing Date bonds, letters of credit, indemnity agreements and similar instruments in the amounts and in favor of the persons referred to in Schedule 3.11. -------------
