Common use of Parent Guarantees Clause in Contracts

Parent Guarantees. Concurrently with the execution of this Agreement by Purchaser and Seller, Seller Parent is executing and delivering to Purchaser a Guarantee for the benefit of Purchaser, and Purchaser Parent is executing and delivering to Seller a Guarantee for the benefit of Seller.

Appears in 2 contracts

Sources: Stock Purchase Agreement, Stock Purchase Agreement (Star Gas Partners Lp)