Common use of Extent of guarantee and indemnity Clause in Contracts

Extent of guarantee and indemnity. (a) This clause 17 applies: (1) to the present and future obligations of the Seller under this agreement; and (2) to this agreement, as amended, supplemented, renewed or replaced. (b) The obligations of the State under this clause 17 extend to any change in the obligations of the Seller as a result of: (1) any amendment, supplement, renewal or replacement of this agreement; or (2) the occurrence of any other thing. (c) This clause 17 is not affected, nor are the obligations of the State under this agreement released or discharged or otherwise affected, by anything which, but for this provision, might have that effect.

Appears in 1 contract

Sources: Share Sale Agreement (Destec Energy Inc)

Extent of guarantee and indemnity. (a) This clause 17 16 applies: (1) to the present and future obligations of the Seller under this agreement; and and (2) to this agreement, as amended, supplemented, renewed or replaced. (b) The obligations of the State under this clause 17 16 extend to any change in the obligations of the Seller as a result of: (1) any amendment, supplement, renewal or replacement of this agreement; or (2) the occurrence of any other thing. (c) This clause 17 16 is not affected, nor are the obligations of the State under this agreement released or discharged or otherwise affected, by anything which, but for this provision, might have that effect.

Appears in 1 contract

Sources: Share Sale Agreement (Pacificorp /Or/)