ATMEL GUARANTOR Clause Samples

ATMEL GUARANTOR. 27.1 In consideration of the Buyer and the Highbridge Guarantor entering into this Agreement, the Atmel Guarantor unconditionally and irrevocably guarantees to the Buyer the observance and performance by the Seller of the Seller’s obligations to the Buyer under this Agreement and under the Share Sale Agreement and agrees to pay any sum that becomes due and payable (but remains unpaid by the Seller) which the Seller becomes liable to pay to the Buyer under this Agreement. 27.2 The obligations of the Atmel Guarantor under clause 27.1 above shall not be impaired by: 27.2.1 any extension of time, forbearance or concession by the Buyer in taking steps to enforce the terms of this Agreement; or 27.2.2 any disclaimer of this Agreement by a liquidator or trustee in bankruptcy of the Seller. 27.3 The guarantee contained in this clause 27 shall be a continuing guarantee and shall remain in full force and effect until all the Seller’s obligations to the Buyer under this Agreement have been duly performed or sums that have become due and payable to the Seller (but remain unpaid by the Seller) have been paid, whether by the Seller or the Atmel Guarantor.