Common use of Guarantee by Parent Clause in Contracts

Guarantee by Parent. The Parent hereby covenants and agrees in favour of CRH to cause the Purchaser and ▇▇▇▇▇ to carry out all of its obligations hereunder and under the Financing Agreements, as applicable. The Parent unconditionally and irrevocably guarantees in favour of CRH the due and punctual performance by the Purchaser and ▇▇▇▇▇ of each of their respective covenants and obligations hereunder, including the obligation to pay the Consideration in accordance with this Agreement, and the accuracy of the representations and warranties of the WELL Parties provided herein. The Parent, ▇▇▇▇▇ and the Purchaser shall be jointly and severally liable to CRH with respect to any breach by the Parent, ▇▇▇▇▇ or Purchaser of its covenants and obligations hereunder or any inaccuracy of the representations and warranties of the WELL Parties provided herein. Additionally, the Parent hereby covenants and agrees in favour of CRH to provide for the issuance of the Parent Shares, Replacement Options and Replacement RSUs in accordance with the terms of this Agreement and the Plan of Arrangement.

Appears in 2 contracts

Sources: Arrangement Agreement (CRH Medical Corp), Arrangement Agreement