Subject Guaranties definition
Examples of Subject Guaranties in a sentence
Buyer shall reimburse and hold harmless each ▇▇▇▇ ▇▇▇▇▇ Seller, Seller or any of their Affiliates that remains a guarantor under any Subject Guaranty with respect to the obligations covered by such Subject Guaranty and shall pay, or cause to be paid, any amounts due thereunder on demand, such that no guarantor (other than Buyer or one of its Affiliates) shall from and after the Closing incur any cost, liability or expense whatsoever arising from or in connection with the Subject Guaranties.
Upon the request of Buyer, Seller shall maintain the Subject Guaranties in force for a period of thirty (30) days following the Closing.
Buyer agrees not to modify the terms of any such Subject Guaranties, or consent to any modification, without the prior written consent of Seller.
Buyer shall cause or procure the release, within thirty (30) days after the Closing Date, of all liabilities or obligations of Seller or any of its affiliates with respect to the Subject Guaranties from any of the liabilities or obligations of Buyer under this Agreement for post-Closing periods.
Buyer shall reimburse Seller and its affiliates for any reasonable out-of-pocket expense incurred by Seller or its affiliates with respect to maintaining the Subject Guaranties for periods after the Closing Date.