Common use of Guarantees of Performance Clause in Contracts

Guarantees of Performance. Allergan and AMO hereby guarantee the complete and prompt performance by the members of their respective Affiliated Groups of all of their obligations and undertakings pursuant to this Agreement. If after the Closing Date either Allergan or AMO shall be acquired by another entity such that 50% or more of its common stock is in common control by the acquirer, such acquirer shall, by making such acquisition, simultaneously agree to jointly and severally guarantee the complete and prompt performance by the acquired corporation and any Affiliate of the acquired corporation of all of their obligations and undertakings pursuant to this Agreement.