Company’s Default. If and when the Company defaults for any reason whatsoever in the performance of any of the Guaranteed Obligations, the Guarantor shall forthwith upon demand unconditionally perform (or procure performance of) and satisfy (or procure the satisfaction of) the Guaranteed Obligations and make payment of all costs and expenses reasonably incurred by the Subscriber in pursuing its claim(s) against the Company and the Guarantor in respect of the Guaranteed Obligations so that the same benefits shall be conferred on the Subscriber as it would have received if the Guaranteed Obligations had been duly performed and satisfied by the Company and such costs and expenses shall be reimbursed to the Subscriber.
Appears in 2 contracts
Sources: Convertible Note Purchase Agreement (RF Acquisition Corp.), Convertible Note Purchase Agreement (RF Acquisition Corp.)