Common use of Guarantees; Commitments Clause in Contracts

Guarantees; Commitments. (a) From and after the Closing, Purchaser shall and shall cause the members of the Commercial Air Group to, jointly and severally, indemnify and hold harmless each member of the Seller Group and their respective managers, officers, directors, employees, Representatives, agents, successors and assigns (collectively, “Seller Indemnitees”) against any Losses that any Seller Indemnitee suffers, incurs or is liable for by reason of or arising out of or in consequence of: (i) any Seller Indemnitee issuing, making payment under, being required to pay or reimburse the issuer of, or being a party to, any guarantee, indemnity, surety bond, letter of credit, bank guarantee, keepwell agreement, consumer financing arrangements, or other similar commitment, understanding, agreement or obligation relating to the Business listed on

Guarantees; Commitments. (a) From and after the Closing, Purchaser shall and shall cause the members of the Commercial Air Group to, jointly and severally, indemnify and hold harmless each member of the Seller Group and their respective managers, officers, directors, employees, Representatives, agents, successors and assigns (collectively, “Seller Indemnitees”) against any Losses that any Seller Indemnitee suffers, incurs or is liable for by reason of or arising out of or in consequence of: (i) any Seller Indemnitee issuing, making payment under, being required to pay or reimburse the issuer of, or being a party to, any guarantee, indemnity, surety bond, letter of credit, bank guarantee, keepwell agreement, consumer financing arrangements, or other similar commitment, understanding, agreement or obligation relating to the Business listed onon -50-