Options and guarantees Sample Clauses
The "Options and guarantees" clause defines the rights of one or both parties to exercise certain choices or to receive specific assurances under the contract. In practice, this clause may allow a party to purchase additional goods or services at a predetermined price (an option), or require the other party to guarantee the performance or quality of a product or service. Its core function is to provide flexibility and security, ensuring that parties can plan for future needs or mitigate risks by relying on agreed-upon options and guarantees.
Options and guarantees. The Company is not a party to any option or pre-emption right, and it has not given any guarantee, suretyship, comfort letter or any other obligation (whatever called) to pay, provide funds or take action in the event of default in the payment of any indebtedness of any other person or in the performance of any obligation of any other person.
Options and guarantees. 7.6.1 The Company is not responsible for the indebtedness of any other person nor party to any option or pre-emption right or any guarantee, suretyship or any other obligation (whatever called) to pay, purchase or provide funds (whether by the advance of money, the purchase of or subscription for shares or other securities or the purchase of assets or services or otherwise) for the payment of, or as an indemnity against the consequence of default in the payment of, any indebtedness of any other person.
7.6.2 No person other than the Company or a Subsidiary has given any guarantee of or security for any overdraft, loan or loan facility granted to the Company or any Subsidiary.
Options and guarantees. The Company is not responsible for the indebtedness of any other person nor party to any option or pre-emption right or any guarantee, suretyship or any other obligation (whatever called) to pay, purchase or provide funds for the payment of, or as an indemnity against the consequence of default in the payment of, any indebtedness of any other person; and no person has given any guarantee of or security for any overdraft, loan or loan facility granted to the Company.
Options and guarantees. The Company is not a party to any option or pre-emption right or a party to any guarantee or suretyship or any other obligation (whatever called) to pay purchase or provide funds (whether by the advance of money the purchase of or subscription for shares or other securities the purchase of assets or services or otherwise) for the payment of indemnity against the consequence or default in the payment of or otherwise to be responsible for any indebtedness of any other person.
Options and guarantees. So far as the Vendor is aware the Company is not a party to any option or pre-emption right, or a party to nor has it given any guarantee, suretyship, comfort letter or any other obligation (whatever called) to pay, provide funds or take action in the event of default in the payment of any indebtedness of any other person or in the performance of any obligation of any other person.
Options and guarantees. (a) No Target Company has granted any guarantee for Indebtedness of any other person (not being a Target Company) nor is party to any guarantee, suretyship or any other obligation (whatever called) to pay, purchase or provide funds for the payment of, or as an indemnity against the consequence of default in the payment of, any Indebtedness of any other person (not being a Target Company).
(b) No person (other than a Target Company) has given any guarantee of or security for any overdraft, loan or loan facility granted to the Company.
(c) The Company has provided to the Purchaser true, correct and complete copies of each Personal Commitment.
Options and guarantees. 7.4.1 The Company is not responsible for the indebtedness of any other person nor party to any option or pre-emption right or any guarantee, suretyship or any other obligation (whatever called) to pay, purchase or provide funds (whether by the advance of money, the purchase of or subscription for Subscription Shares or other securities or the purchase of assets or services or otherwise) for the payment of, or as an indemnity against the consequence of default in the payment of, any indebtedness of any other person.
7.4.2 So far as the Warrantors are aware no person other than the Company or a Subsidiary has given any guarantee of or security for any overdraft, loan or loan facility granted to the Company or any Subsidiary.
Options and guarantees. (a) The Acquired Subsidiary is not responsible for the indebtedness of any other person nor party to any option or pre-emption right or any guarantee, suretyship or any other obligation (whatever called) to pay, purchase or provide funds (whether by the advance of money, the purchase of or subscription for Stock or other securities or the purchase of assets or services or otherwise) for the payment of, or as an indemnity against the consequence of default in the payment of, any indebtedness of any other person.
(b) No person other than the Acquired Subsidiary has given any guarantee of or security for any overdraft, loan or loan facility granted to the Acquired Subsidiary.
Options and guarantees. No member of the Group is party to any option or pre-emption right, and it has not given any guarantee, indemnity, suretyship, comfort letter, security or any other obligation (whatever called and whether or not legally binding) to pay, provide funds or take action in the event of default in the payment of any indebtedness of any other person or in the performance of any obligation of any other person.
Options and guarantees. 7.5.1 No Group Company is responsible for the indebtedness of any other person nor party to any option or pre-emption right or any guarantee, suretyship or any other obligation (whatever called) to pay, purchase or provide funds (whether by the advance of money, the purchase of or -71- subscription for shares or other securities or the purchase of assets or services or otherwise) for the payment of, or as an indemnity against the consequence of default in the payment of, any indebtedness of any other person.
7.5.2 No party other than the Group has given any guarantee of or security for any overdraft, loan or loan facility granted to any Group Company.