Seller Guarantor definition
Examples of Seller Guarantor in a sentence
Seller Guarantor hereby absolutely, irrevocably and unconditionally guarantees to Purchaser the due and punctual payment and discharge by Seller Parent of Seller Parent’s payment obligations under Section 6.3, including without limitation, the Seller Parent’s payment obligations for the Carved Out Matters, if, as and when, and conditioned upon those obligations becoming, due and payable pursuant to the terms of this Agreement.
Seller Guarantor acknowledges that Seller Guarantor is an Affiliate of Seller Parent and that Seller Guarantor will derive substantial benefits from the execution of the Agreement by Seller Parent and the transactions contemplated thereby, and that Seller Guarantor’s execution of this Agreement for the limited purposes set forth herein is a material inducement and condition to Purchaser’s execution of the Agreement.
Seller Guarantor hereby waives any defense (other than payment by Seller Parent) the effect of which is to exonerate Seller Guarantor’s guaranty obligation hereunder.