Parent Company Guarantee. 8.3.1 To secure the due and punctual performance by the Operator of its obligations under the Contract, the Operator has prior to Contract Signing provided to the DEA an unconditional and irrevocable on-demand Parent Company Guarantee issued by the Ultimate Parent Company of the Operator – if any – in favour of the DEA, unless the Ultimate Parent Company has assumed joint and several liability with the Operator in regard to the due and punctual performance of the obligations under the Contract, see clauses 8.3.2, 13.1.4 and 16.2, or if the Operator is a partnership (in Danish: “interessentskab") where the owners are jointly and severally liable with the Operator for the Oper- ator’s obligations.
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