WELCO Sample Clauses

WELCO. BNSI will replace each of the Outstanding Letters of ----- Credit and Bonds that secure or support obligations that arise from the ESBU Operations with substitute financial arrangements on or before the ESBU Closing Date and will provide such credit support, including guarantees from BNSI or its affiliates, as may be necessary to put such substitute financial arrangements into effect.

WELCO. In the case of any liability of any kind or nature ----- whatsoever (including liabilities existing on the ESBU Closing Date) that arises from the business or operations of WELCO, WELCO will indemnify and defend MK-Delaware, MK, their affiliates, WGNH and any other Second Tier Entities and their affiliates and hold them harmless against any Losses. If the assets of WELCO are insufficient to perform the required indemnification and defense, BNFL-USA will indemnify, defend and hold harmless MK-Delaware, MK, and their affiliates, and WGNH and any other Second Tier Entities and their affiliates.

WELCO. BNSI shall be solely responsible for the cash and other funding ----- requirements of WELCO.