Common use of Seller Guarantees Clause in Contracts

Seller Guarantees. Prior to Closing, the Seller has assumed, or procured the release as of the Closing Date of, or procured the release of the Companies under, all guarantees and other securities of any kind issued to secure obligations of the Seller (the “Seller’s Guarantees”) that the Companies have executed or assumed or to which they are subject. The Seller hereby indemnifies and holds harmless (schadeloos stellen en vrijwaren) the Purchaser and the Companies from any and all loss or expense arising directly or indirectly or in connection with any Seller’s Guarantees after the Closing Date.