Guaranty Regarding Buyer’s Obligations. Each party hereto acknowledges that, on the date of this Agreement, Park Printing, Inc., a Minnesota corporation and Affiliate of Buyer, is executing and delivering to Seller, the Guaranty that is attached immediately following the signature pages hereto.
Guaranty Regarding Buyer’s Obligations. Fair Xxxxx Corporation, a Delaware corporation (the “Guarantor”) and Affiliate of Buyer, to induce the Executing Shareholders to enter into this Agreement, hereby absolutely, unconditionally and irrevocably guarantees the full and prompt payment and performance when due of any and all of Buyer’s obligations, covenants, agreements and other Liabilities under the Agreement (collectively, the “Obligations”). Guarantor acknowledges and agrees that the Executing Shareholders refuse to enter into the Agreement or to consummate the transactions contemplated herein unless Guarantor provides this guaranty and that Guarantor will benefit personally from the Executing Shareholders entering into this Agreement and consummating such transactions.
Guaranty Regarding Buyer’s Obligations. Guarantor, an Affiliate of Buyer, to induce the Company and Sellers to enter into this Agreement, hereby absolutely, unconditionally and irrevocably guarantees the full and prompt payment and performance when due of any and all of Buyer’s obligations, covenants, agreements and other liabilities under this Agreement. Guarantor acknowledges and agrees that the Company and Sellers refuse to enter into this Agreement or to consummate the transactions contemplated herein unless Guarantor provides this guaranty and that Guarantor will benefit personally from the Company and Sellers entering into this Agreement and consummating such transactions. Guarantor agrees that this guaranty may be enforced by Sellers’ Representative (on behalf of Sellers) without the necessity at any time of resorting to or exhausting any other remedy against Buyer. This guaranty will automatically expire and be of no further force or effect upon the later of (a) the first anniversary of the Closing Date and (b) final, non-appealable resolution of any claim for indemnification against Buyer pending as of such first anniversary. [Signature page follows.]
