Cross-Guarantees. Each of the Company, Offshore, Leviathan and DeepFlex shall be responsible for its respective premium obligations under the premium finance agreements between such parties and AFCO Credit Corporation. Prior to the Effective Time, each of the Company, Offshore, Leviathan and DeepFlex shall pay any unpaid portion of its premium obligations under such agreements, whether or not such obligations are then due and payable.
Appears in 2 contracts
Sources: Contribution and Distribution Agreement (Tatham Offshore Inc), Contribution and Distribution Agreement (Tatham Offshore Inc)