Examples of Seller Guarantee in a sentence
Seller shall provide on the date of this Agreement, and cause to be maintained until the delivery of the first invoice pursuant to Article IX of this Agreement, a Seller Guarantee in an amount equal to $5,000,000.
Buyer is relying on the legal, valid, binding and enforceable nature of the Seller Guarantee as an essential inducement and consideration for entering into this Agreement.
On the Closing Date, the Seller Guarantee will be in full force and effect and constitute (assuming the due execution of this Agreement and the Related Agreements by the Parties) a valid and legally binding obligation of Seller Guarantor, enforceable against Seller Guarantor in accordance with its terms, except as enforceability may be limited by the Bankruptcy and Equity Exceptions.
Seller Guarantee or any obligation supported by any Seller Guarantee.
Except as set forth on Section 5.18 of the Seller Disclosure Schedules, the Seller and its Affiliates shall keep each Seller Guarantee in place and in full force and effect until the earlier of (x) 12 months following the Closing and (y) the date the Buyer’s replacement arrangement is in full force and effect and accepted by the relevant counterparty.