Common use of Subject to Completion Clause in Contracts

Subject to Completion. the Parties shall use reasonable efforts to procure, with effect from Completion or as soon as practicable thereafter, the release of each Target Group Company from any Guarantees (whether or not joint or several, or both) given by, assumed by or binding upon that Target Group Company in relation to any Liability of the Seller or any other member of the Seller’s Group (excluding the Target Group Companies). From and after Completion, the Seller shall indemnify, defend and hold harmless the Purchasers and, as an irrevocable third-party stipulation (onherroepelijk derdenbeding) each Target Group Company against all amounts paid by any of them after Completion pursuant to any such Guarantees.