Vendor Group definition
Examples of Vendor Group in a sentence
In the event that any such Vendor Guarantee cannot be released on or before Completion, and after the Completion Date a claim is brought against any member of the Vendor Group under any such unreleased Vendor Guarantees, the Purchaser shall indemnify the Vendor, or the relevant member of the Vendor Group on demand against all losses arising after Completion under or by reason of that Vendor Guarantee.
At Completion the Vendor will cause the applicable Vendor Group Companies, and the Purchaser shall cause the applicable Group Companies, to each deliver a duly executed counterpart of the Transitional Services Agreement in the form agreed pursuant to this Clause 5.3(a) (such delivery or absence thereof shall not in any case condition or delay Completion).
The Purchaser shall use commercially reasonable efforts to ensure that on or before Completion any relevant member of the Vendor Group is released from all Vendor Guarantees given by them in respect of obligations of any of the Group Companies.
The Purchaser shall (and shall procure that the Group Companies shall) cooperate with the relevant members of the Vendor Group and provide such assistance as they may reasonably request in connection with the lodging, progress, conduct and (as the case may be) settlement and recovery of any such Insurance Claim.
The Purchaser or the Group Companies shall pay any deductible, excesses, self-insurance retention or out-of-pocket cost and expenses (including Tax) incurred in connection with the Insurance Claims under the applicable Vendor Group Insurance Policy when due.