Lease Modification. The Parent shall use commercially reasonable efforts to obtain the release of the lessor of any Facility Lease to the termination of the guarantees made by Sxx Xxxxxxxx and any other guarantors of such Facility Leases (each, a “Guarantor”). If the Parent is unable to obtain the release of any Guarantor, then the Parent shall not have any obligation to obtain the release of such Guarantor and shall instead provide an indemnification agreement, in a form mutually agreed by the parties and pursuant to which the Parent shall indemnify such Guarantor for all payments and other liabilities of such Guarantor thereunder on a dollar-for-dollar basis.
Appears in 4 contracts
Samples: Merger Agreement (ONE Group Hospitality, Inc.), Merger Agreement (ONE Group Hospitality, Inc.), Merger Agreement (ONE Group Hospitality, Inc.)
