Common use of Guarantees; Subrogation Clause in Contracts

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.

Appears in 3 contracts

Samples: Employee Benefits Agreement (Cognizant Corp), Employee Benefits Agreement (Dun & Bradstreet Corp), Employee Benefits Agreement (Acnielsen Corp)

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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.. 18 18

Appears in 2 contracts

Samples: Employee Benefits Agreement (Acnielsen Corp), Employee Benefits Agreement (Dun & Bradstreet Corp)

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