Guarantees; Subrogation. The Moody's Group agrees that, in the event the New D&B Group is unable to satisfy its obligations in respect of the benefits of any Moody's Employee that have accrued under the Corporation Nonqualified Plans prior to the Effective Time, the Moody's Group shall make payment when due with respect to such obligations of the New D&B Group. In the event that the Moody's Group is required to make any payment pursuant to this Section 4.7, the Moody's Group shall have full rights of subrogation against the New D&B Group.
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Samples: Employee Benefits Agreement (New D&b Corp), Employee Benefits Agreement (New D&b Corp), Employee Benefits Agreement (Moodys Corp /De/)
Guarantees; Subrogation. The Moody's Group agrees that, in the event the New D&B Group is unable to satisfy its obligations in respect of the benefits of any Moody's Employee that have accrued under the Corporation Nonqualified Plans prior to the Effective Time, the Moody's Group shall make payment when due with respect to such 14 14 obligations of the New D&B Group. In the event that the Moody's Group is required to make any payment pursuant to this Section 4.7, the Moody's Group shall have full rights of subrogation against the New D&B Group.
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