Common use of OBLIGATIONS UNDER LETTERS OF CREDIT Clause in Contracts

OBLIGATIONS UNDER LETTERS OF CREDIT. On or before six months from the Distribution Date (the "Release Date"), Viasys shall have arranged for the termination of, or replacement arrangements (including, to the extent required, guarantees and letters of credit from Viasys's lender) reasonably satisfactory to Thermo Electron with respect to, all TMO Letter of Credit Guarantees continuing in effect on and after the Release Date. Such terminations and/or replacement arrangements shall include or have the effect of providing a full and complete release of Thermo Electron, all other members of the Thermo Electron Group and the Representatives of the Thermo Electron Group (other than the members of the Viasys Group) of all of the obligations of the Thermo Electron Group and its Representatives under, or in connection with, the TMO Letter of Credit Guarantees.

Appears in 4 contracts

Samples: Distribution Agreement (Viasys Healthcare Inc), Distribution Agreement (Viasys Healthcare Inc), Distribution Agreement (Viasys Healthcare Inc)

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OBLIGATIONS UNDER LETTERS OF CREDIT. On or before six months from the Distribution Date ___________(the "Release Date"), Viasys shall have arranged for the termination of, or replacement arrangements (including, to the extent required, guarantees and letters of credit from Viasys's lender) reasonably satisfactory to Thermo Electron with respect to, all TMO Letter of Credit Guarantees continuing in effect on and after the Release Date. Such terminations and/or replacement arrangements shall include or have the effect of providing a full and complete release of Thermo Electron, all other members of the Thermo Electron Group and the Representatives of the Thermo Electron Group (other than the members of the Viasys Group) of all of the obligations of the Thermo Electron Group and its Representatives under, or in connection with, the TMO Letter of Credit Guarantees.

Appears in 1 contract

Samples: Distribution Agreement (Viasys Healthcare Inc)

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