Property guarantee. The new entity shall not sell, rent or transfer equipment that is property of Xxxx-Xxxxx, even if located at its premises, without previous approval from Xxxx-Xxxxx.
Property guarantee. In respect of the Lease of Unxx 00 Xxxxxxxx Xxxx xnd the Underlease of Unxx 00 Xxxxxxxx Xxxx xeferred to in Schedule 9 (together “the Guaranteed Leases”) the Purchasers shall within 90 days following Completion use reasonable endeavours to obtain the full release of Xxxxxx from his obligations under the guarantee provisions of the Guaranteed Leases, including (if required) using reasonable endeavours to provide a substitute guarantor or other security for the performance of the tenant’s obligations under each of the Guaranteed Leases reasonably acceptable to the landlord under each of the Guaranteed Leases PROVIDED THAT in the event that and for so long as Xxxxxx remains the guarantor or continues to have any liability under either or both of the Guaranteed Leases then the Purchasers shall fully and effectively indemnify and keep indemnified Xxxxxx against all losses claims actions costs liabilities damages and expenses incurred or sustained by Xxxxxx in respect of the period following Completion as a consequence of any liability which arises after Completion and which Xxxxxx has in relation to him continuing as guarantor or having previously acted as guarantor under the Guaranteed Leases.
