Common use of GUARANTEE OF PURCHASER'S OBLIGATIONS Clause in Contracts

GUARANTEE OF PURCHASER'S OBLIGATIONS. ACI hereby, to the fullest extent permitted by applicable law, irrevocably and unconditionally guarantees (the "ACI GUARANTEE") to the Company and its successors and assigns the prompt performance and payment in full when due of all obligations of Purchaser to the Company under this Agreement and hereby agrees to take all reasonably necessary action as the sole shareholder of Purchaser to cause Purchaser to perform its obligations under this Agreement. THIS AGREEMENT CONTAINS A BINDING ARBITRATION PROVISION WHICH MAY BE ENFORCED BY THE PARTIES IN WITNESS WHEREOF, this Agreement has been duly executed and delivered by the duly authorized officer or trustee, as applicable, of each party hereto as of the date first above written.