Common use of Debt and Guarantees Clause in Contracts

Debt and Guarantees. 10.1 Any shareholder loans, third party loans and other financing provided to the Company are set out in Schedule 4. 10.2 The Purchaser undertakes with the Sellers to procure, within two (2) years from Completion, the release of the Sellers from all guarantees, indemnities, bonds, letters of comfort, undertakings, licenses and other arrangements to which they or any of them are a party in respect of the Company or its business or the Properties (including but not limited to personal guarantees that Messrs. P▇▇▇▇ and V▇▇▇▇ have provided in relation to the Company's bank financing) and to indemnify and hold harmless and to keep indemnified and held harmless on a continuing basis the Sellers from all claims, liabilities, costs and expenses (including without limitation, legal and other professional advisers' fees and disbursments) arising in respect or by reason thereof. During the period of time referred to above, the Sellers shall continue to support the Company's bank financing with their personal guarantees to the extent that this will be required to maintain the Company's current bank financing as at the Completion Date. 10.3 Without limiting the generality of Clause 10.2 and provided that the Purchaser will not be obliged to provide greater security than the security provided by the Sellers, the Purchaser agrees, in discharging its obligations under that Clause, to offer any guarantees, indemnities or other undertakings (as the case may be) or otherwise procure satisfactory security in place of the guarantees and indemnities and other arrangements referred to in Clause 10.2. 10.4 The obligations of the Purchaser under Clauses 10.2 and 10.3 will continue after Completion until all such releases are obtained.

Debt and Guarantees. 10.1 14.1 Any shareholder loans, third party loans and other financing for borrowed monies provided to the Company Companies are set out in Schedule 411. 10.2 14.2 The Purchaser undertakes with the Sellers to procure, within two seven (27) years months from CompletionDate of this Agreement, the release of the Sellers from all guarantees, indemnities, bonds, letters of comfort, undertakings, licenses and other arrangements to which they or any of them are a party in respect of the Company Companies or its their business or the Properties leased properties (including but not limited to personal guarantees that Messrs. P▇▇▇▇ and V▇▇▇▇ have provided in relation to the Company's bank financing) and to indemnify and hold harmless and to keep indemnified and held harmless on a continuing basis the Sellers from all claims, liabilities, costs and expenses (including without limitation, reasonable legal and other professional advisers' fees and disbursmentsdisbursements) arising in respect or by reason thereof. During the period of time referred to above, the Sellers shall continue to support the Company's Companies' bank financing with their personal guarantees to the extent that this will be required to maintain the Company's Companies' current bank financing as at the Completion Date. 10.3 Without limiting the generality Date of Clause 10.2 and provided that this Agreement. The foregoing notwithstanding, without the prior written consent of Sellers, neither the Purchaser will not be obliged to provide greater security than nor any of the security provided by Companies shall extend, renew or amend any obligation for which any of the Sellers, the Purchaser agrees, in discharging its obligations Sellers are obligated under that Clause, to offer any guarantees, indemnities indemnities, bonds, letters of comfort, undertakings, licenses or other undertakings (as arrangements unless Sellers are released from any further liability thereunder from any after the case may be) date of such extension, renewal or otherwise procure satisfactory security in place of the guarantees and indemnities and other arrangements referred to in Clause 10.2amendment. 10.4 The obligations of the Purchaser under Clauses 10.2 and 10.3 will continue after Completion until all such releases are obtained.

Debt and Guarantees. 10.1 Any shareholder loans, third party 11.1 The Vendor shall procure that as of Completion all the inter company loans and other financing provided made by Rosemont to the Company Vendor (or to any member of the Vendor's Group) are set out repaid or otherwise discharged in Schedule 4full. 10.2 11.2 The Purchaser undertakes with the Sellers Vendor to procure, within two (2) years from Completion, procure the release at Completion (or as soon thereafter as is practicable) of the Sellers Vendor and any member of the Vendor's Group from all guarantees, indemnities, bonds, letters of comfort, undertakings, licenses licences and other arrangements to which they or any of them are a party in respect of the Company or its business or the Properties (including but not limited to personal guarantees that Messrs. P▇▇▇▇ and V▇▇▇▇ have provided in relation to the Company's bank financing) and to indemnify and hold harmless and to keep indemnified and held harmless on a continuing basis the Sellers Vendor and any member of the Vendor's Group from all claims, liabilities, costs and expenses (including without limitation, legal and other professional advisers' fees and disbursmentsfees) arising in respect or by reason thereof. During the period of time referred to above, the Sellers shall continue to support the Company's bank financing with their personal guarantees to the extent that this will be required to maintain the Company's current bank financing as at the Completion Date. 10.3 11.3 Without limiting the generality of Clause 10.2 11.2 and provided that the Purchaser will not be obliged to provide greater security than the security provided by the SellersVendor or by any of the Vendor's Group, the Purchaser agrees, in discharging its obligations under that Clause, to offer any guarantees, indemnities or other undertakings (as the case may be) or otherwise procure satisfactory security in place of the guarantees and indemnities and other arrangements referred to in Clause 10.211.2. 10.4 11.4 The obligations of the Purchaser under Clauses 10.2 11.2 and 10.3 11.3 will continue after Completion until all such releases are obtained.