Common use of Retained Indebtedness Obligations Clause in Contracts

Retained Indebtedness Obligations. The Seller shall RELEASE, INDEMNIFY AND HOLD HARMLESS the Buyer Indemnitees from and against the entirety of (x) any Adverse Consequences that are suffered by the Buyer Indemnitees with respect to any indebtedness for borrowed money of any Acquired Company (other than the Javelina Partnerships) represented by a credit agreement, note, indenture or similar lending instrument to the extent such amount is not included in the Working Capital calculation, or (y) the Javelina Percentage Interest of any Adverse Consequences that are suffered by the Buyer Indemnitees with respect to any indebtedness for borrowed money of any Javelina Partnership represented by a credit agreement, note, indenture or similar lending instrument to the extent such amount is not included in the Working Capital calculation.

Appears in 4 contracts

Samples: Purchase and Sale Agreement (Markwest Hydrocarbon Inc), Purchase and Sale Agreement (Markwest Energy Partners L P), Purchase and Sale Agreement (Markwest Hydrocarbon Inc)

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