SELLER INDEMNIFICATION AGREEMENT GUARANTYSeller Indemnification Agreement Guaranty • August 19th, 2003 • Cogentrix Energy Inc • Electric services • New York
SELLER INDEMNIFICATION AGREEMENT GUARANTY (this "Guaranty"), dated as of Jun 4, 2003, of COGENTRIX ENERGY, INC., a North Carolina corporation ("Cogentrix") in favor of AIRCRAFT SERVICES CORPORATION, a Nevada corporation ("ASC") and GENERAL ELECTRIC CREDIT CORPORATION OF TENNESSEE, a Tennessee corporation ("GECCT," and together with ASC, the "Purchaser Members"). WHEREAS, Cogentrix of Oklahoma, Inc., a Delaware corporation (the "Seller") is an indirect wholly-owned subsidiary of Cogentrix; WHEREAS, the Seller is the sole member of Green Country Energy, LLC, a Delaware limited liability company (the "Company"); WHEREAS, the Purchaser Members are the sole members of Green Country Holding LLC, a limited liability company organized under the laws of the State of Delaware (the "Purchaser"); WHEREAS, the Seller desires to sell, and Purchaser desires to purchase, all of the membership interests in the Company, in consideration of the "Cash Purchase Price" (as defined in the Purc
