Guarantees; Subrogation Clause Samples
Guarantees; Subrogation. The Cognizant Group agrees that, in the event the D&B Group is unable to satisfy its obligations in respect of the benefits of any Cognizant Employee that have accrued under the D&B Nonqualified Plans prior to the Effective Time, the Cognizant Group shall make payment when due with respect to such obligations of the D&B Group. The ACNielsen Group agrees that, in the event the D&B Group is unable to satisfy its obligations in respect of the benefits of any ACNielsen Employee that have accrued under the D&B Nonqualified Plans prior to the Effective Time, the ACNielsen Group shall make payment when due with respect to such obligations of the D&B Group. In the event that the Cognizant Group or the ACNielsen Group is required to make any payment pursuant to this Section 4.7, the Cognizant Group or the ACNielsen Group (as the case may be) shall have full rights of subrogation against the D&B Group.
Guarantees; Subrogation. The Moody's Group agrees that, in the event the New D&B Group is unable to satisfy its obligations in respect of the benefits of any Moody's Employee that have accrued under the Corporation Nonqualified Plans prior to the Effective Time, the Moody's Group shall make payment when due with respect to such obligations of the New D&B Group. In the event that the Moody's Group is required to make any payment pursuant to this Section 4.7, the Moody's Group shall have full rights of subrogation against the New D&B Group.
Guarantees; Subrogation. The RHD Group agrees that, in the event the New D&B Group is unable to satisfy its obligations in respect of the benefits of any RHD Employee that have accrued under the Corporation Nonqualified Plans prior to the Effective Time, the RHD Group shall make payment when due with respect to such obligations of the New D&B Group. In the event that the RHD Group is required to make any payment pursuant to this Section 4.7, the RHD Group shall have full rights of subrogation against the New D&B Group.