Examples of Seller Guaranties in a sentence
Buyer shall obtain, effective as of the Closing Date, the release of all Seller Guaranties and any obligations of Seller or its Affiliates related thereto, in form and substance satisfactory to Seller, and, at the Closing, shall return or reimburse Seller for any such cash deposits and replace all bonds, letters of credit, guaranties and other surety arrangements and credit assurances provided, funded or otherwise supported by Seller or its Affiliates.
Schedule 6.1(s) lists all Seller Guaranties maintained by Seller or any of its Affiliates with respect to the Assets.
The Seller further agrees that to the extent the Seller or any of its Subsidiaries is required to make any payment in connection with such Seller Guaranties on or after the Closing Date, the Buyer shall indemnify, defend and hold harmless the Seller against, and reimburse the Seller for, any and all amounts paid in connection therewith.
Between the Execution Date and Closing, Purchaser shall obtain, in the name of Purchaser or of its Affiliates, replacements for each of the Seller Guaranties set forth on Schedule 6.1(s).
At or prior to Closing, Purchaser shall deliver to Seller evidence of such replacements with all applicable Governmental Authorities of such Seller Guaranties.