Buyer Guarantee definition
Examples of Buyer Guarantee in a sentence
Buyer shall provide on the date of this Agreement, and cause to be maintained throughout the Term, a Buyer Guarantee in an amount available to be drawn thereunder equal at any time and from time to time to the Guarantee Limitation Amount.
This Agreement, the Buyer Guarantee and the Associated Agreements constitute at the time of their execution and at the Completion Date such documents will constitute, the valid and binding obligations of Buyer and Buyer Guarantor enforceable against Buyer and Buyer Guarantor in accordance with their terms.
Seller is relying on the legal, valid, binding and enforceable nature of the Buyer Guarantee as an essential inducement and consideration for entering into this Agreement.
In the event of any inconsistency between this Agreement and the Mutual Release, Local Transfer Agreements, Buyer Guarantee, Seller Support Agreements, Trust Agreements, CPAA Agreements, Transition Services Agreement or Escrow Agreement, the terms of this Agreement shall govern.
The Parties agree that, to the extent that Parent’s potential liability under any Parent Guarantee diminishes, the amount of the corresponding Buyer Guarantee will diminish by the same amount.