Overrun Guarantee Clause Samples

Overrun Guarantee. R. ▇▇▇▇▇▇▇ and C. ▇▇▇▇▇▇▇ shall execute prior to the Closing a guarantee in the form attached hereto as Exhibit I (the “Overrun Guarantee”), enforceable against R. ▇▇▇▇▇▇▇ and C. ▇▇▇▇▇▇▇ by the Special Committee (as defined in Section 9.10), and which shall provide, among other things, that R. ▇▇▇▇▇▇▇ and C. ▇▇▇▇▇▇▇ jointly and severally guarantee any amounts by which the Project Costs exceed the sum of: (x) the Project Cap and (y) $2,000,000.