Common use of GMAC Clause in Contracts

GMAC. CMS requires, as an inducement and a condition precedent to its entering into the Purchase Agreement with ContiTrade Services L.L.C. (the "Seller") that the Guarantor guarantees certain of the obligations of the Seller under the Purchase Agreement. The Guarantor desires that GMAC-CMS enter into the Purchase Agreement and is willing to enter into this Agreement in order to induce GMAC-CMS to do so. The Seller is an indirectly wholly-owned subsidiary of the Guarantor. Capitalized terms used but not otherwise defined herein shall have the respective meanings ascribed to such terms in the Purchase Agreement.