It is referenced in articles and in commentary. People seem to have an understanding of its contents but I have never seen the language – that language is vital to understanding Musk's actual liability in the event the deal does not close. Any help would be greatly appreciated.
Section 5.10 Parent Guarantee: Parent has furnished the Company with a true, complete and correct copy of the Parent Guarantee. The Parent Guarantee is in full force and effect and has not been amended, modified or terminated. The Parent Guarantee is a (i) legal, valid and binding obligation of the Guarantor and of each of the parties thereto and (ii) enforceable in accordance with its respective terms against the Guarantor and each of the other parties thereto. There is no default under the Parent Guarantee by the Guarantor, and no event has occurred that with the lapse of time or the giving of notice or both would constitute a default thereunder by the Guarantor.
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