Common use of Guarantees; Credit Support Instruments Clause in Contracts

Guarantees; Credit Support Instruments. (a) Except as otherwise specified in any Ancillary Agreement, at or prior to the Effective Time or as soon as practicable thereafter, (i) Xxxxxxx shall (with the reasonable cooperation of the applicable member of the Veralto Group) use its commercially reasonable efforts to have each member of the Veralto Group removed as guarantor of or obligor for any Xxxxxxx Retained Liability to the fullest extent permitted by applicable Law, including in respect of those guarantees set forth on Schedule 2.10(a)(i), to the extent that they relate to Xxxxxxx Retained Liabilities and (ii) Veralto shall (with the reasonable cooperation of the applicable member of the Xxxxxxx Group) use commercially reasonable efforts to have each member of the Xxxxxxx Group removed as guarantor of or obligor for any Veralto Liability, to the fullest extent permitted by applicable Law, including in respect of those guarantees set forth on Schedule 2.10(a)(ii), to the extent that they relate to Veralto Liabilities.

Appears in 4 contracts

Samples: Separation and Distribution Agreement (Veralto Corp), Separation and Distribution Agreement (Danaher Corp /De/), Separation and Distribution Agreement (Veralto Corp)

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Guarantees; Credit Support Instruments. (a) Except as otherwise specified in any Ancillary AgreementAgreement or on Schedule 2.10(a), at or prior to the Effective Time or as soon as practicable thereafter, (i) Xxxxxxx Fortive shall (with the reasonable cooperation of the applicable member of the Veralto Vontier Group) use its commercially reasonable efforts to have each member of the Veralto Vontier Group removed as guarantor of or obligor for any Xxxxxxx Fortive Retained Liability to the fullest extent permitted by applicable Law, including in respect of those guarantees set forth on Schedule 2.10(a)(i), to the extent that they relate to Xxxxxxx Fortive Retained Liabilities and (ii) Veralto Vontier shall (with the reasonable cooperation of the applicable member of the Xxxxxxx Fortive Group) use commercially reasonable efforts to have each member of the Xxxxxxx Fortive Group removed as guarantor of or obligor for any Veralto Vontier Liability, to the fullest extent permitted by applicable Law, including in respect of those guarantees set forth on Schedule 2.10(a)(ii), to the extent that they relate to Veralto Vontier Liabilities.

Appears in 3 contracts

Samples: Separation and Distribution Agreement (Vontier Corp), Separation and Distribution Agreement (Vontier Corp), Separation Agreement (Vontier Corp)

Guarantees; Credit Support Instruments. (a) Except as otherwise specified in any Ancillary Agreement, at or prior to the Effective Time or as soon as practicable thereafter, (i) Xxxxxxx shall (with the reasonable cooperation of the applicable member of the Veralto Fortive Group) use its commercially reasonable efforts to have each member of the Veralto Fortive Group removed as guarantor of or obligor for any Xxxxxxx Retained Liability to the fullest extent permitted by applicable Law, including in respect of those guarantees set forth on Schedule 2.10(a)(i), to the extent that they relate to Xxxxxxx Retained Liabilities and (ii) Veralto Fortive shall (with the reasonable cooperation of the applicable member of the Xxxxxxx Group) use commercially reasonable efforts to have each member of the Xxxxxxx Group removed as guarantor of or obligor for any Veralto Fortive Liability, to the fullest extent permitted by applicable Law, including in respect of those guarantees set forth on Schedule 2.10(a)(ii), to the extent that they relate to Veralto Fortive Liabilities.

Appears in 2 contracts

Samples: Separation and Distribution Agreement, Separation and Distribution Agreement (Fortive Corp)

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Guarantees; Credit Support Instruments. (a) Except as otherwise specified in any Ancillary Agreement, at or prior to the Effective Time or as soon as practicable thereafter, (i) Xxxxxxx shall (with the reasonable cooperation of the applicable member of the Veralto Envista Group) use its commercially reasonable efforts to have each member of the Veralto Envista Group removed as guarantor of or obligor for any Xxxxxxx Retained Liability to the fullest extent permitted by applicable Law, including in respect of those guarantees set forth on Schedule 2.10(a)(i), to the extent that they relate to Xxxxxxx Retained Liabilities and (ii) Veralto Envista shall (with the reasonable cooperation of the applicable member of the Xxxxxxx Group) use commercially reasonable efforts to have each member of the Xxxxxxx Group removed as guarantor of or obligor for any Veralto Envista Liability, to the fullest extent permitted by applicable Law, including in respect of those guarantees set forth on Schedule 2.10(a)(ii), to the extent that they relate to Veralto Envista Liabilities.

Appears in 2 contracts

Samples: Separation Agreement (Envista Holdings Corp), Separation Agreement (Envista Holdings Corp)

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