Keepwell Payments Sample Clauses
A Keepwell Payments clause obligates a parent company to provide financial support to its subsidiary to ensure the subsidiary can meet its debt obligations. In practice, this may involve the parent company making direct payments or providing other forms of financial assistance if the subsidiary faces financial difficulties. The core function of this clause is to reassure lenders or creditors that the subsidiary will remain solvent, thereby reducing the risk of default and enhancing the subsidiary’s creditworthiness.
Keepwell Payments. TPC agrees to reimburse any member of the Citigroup Affiliated Group who has provided a Keepwell for any and all amounts paid or payable (including all fees, costs and expenses incurred) by such member of the Citigroup Affiliated Group in connection with the performance by such member of its obligations under any Keepwell.
Keepwell Payments. 41 SECTION 9.2 Business Relationship. . . . . . . . . . . . . . . . . . . 41 SECTION 9.3
Keepwell Payments. 42 Section 9.2 Insurance Provided by TPC......................................................................42 Section 9.3 Insurance Maintained by Citigroup..............................................................43
Keepwell Payments. The company agrees to reimburse any member of the AmerUs Affiliated Group who has provided a Keepwell for any and all amounts paid or payable (including all fees, costs and expenses incurred) by such member of the AmerUs Affiliated Group in connection with performance by such member of its obligations under any Keepwell.
Keepwell Payments. 30 ARTICLE XMISCELLANEOUS
Keepwell Payments. AFG agrees to reimburse any member ----------------- of the PLMI Affiliated Group who has provided a Keepwell for any and all amounts paid or payable (including all fees, costs and expenses incurred) by such member of the PLMI Affiliated Group in connection with the performance by such member of its obligations under any Keepwell.