Third Party Guaranties. Promptly following the Effective Time, Trega shall exercise its commercially reasonably efforts to displace Geor▇▇ ▇. ▇▇▇ss, Ph.D. as the guarantor of those certain obligations which are expressly identified on SCHEDULE 4.11 attached hereto. In the event that Trega is unable so to displace Dr. Grass, Trega shall indemnify and hold Dr. Grass harmless from any liabilities which Dr. Grass may reasonably incur as the result of his status as the guarantor of such obligations.
Appears in 2 contracts
Sources: Agreement and Plan of Reorganization (Trega Biosciences Inc), Agreement and Plan of Reorganization (Grass George M PHD)