Common use of Financial Facilities and Guarantees Clause in Contracts

Financial Facilities and Guarantees. 3.1.1 Save and except where disclosed by the Sellers to the Purchasers in writing, there are no loans, guarantees, indemnities, suretyships, letters of comfort, Encumbrances or unusual liabilities (whether or not legally binding) given, made or incurred by or on behalf of the Company (and, in particular, no loans have been made by or on behalf of the Company to any directors or shareholders of the Company) and no director or other person has given any guarantee of or security for any financial or other obligation of the Company.