AGREEMENT OF GUARANTY. In order to induce the GREATER ORLANDO AVIATION AUTHORITY (the "Aviation Authority") to enter into the attached STC Food and Beverage Package 3 Concession Agreement (the "Agreement") with (the "Company") (which the Aviation Authority would be unwilling to do without this Agreement of Guaranty), the undersigned unconditionally guarantees to the Aviation Authority that Company will fully and timely make payment, prior to the expiration of any portion applicable provided in this Agreement, of all Concession Fees and other payments which Company is required to pay to the Aviation Authority under this Agreement, and that Company will comply with all of the other terms and conditions of this Agreement. The obligations of the undersigned hereunder shall be direct and immediate and not conditional or contingent upon the Aviation Authority's pursuit of its remedies against Company, and shall remain in full force and effect notwithstanding (i) amendments or modifications to this Agreement entered into by the Aviation Authority and Company without the knowledge or consent of the undersigned, (ii) waivers of compliance with or any default under this Agreement granted by the Aviation Authority to Company without the knowledge or consent of the undersigned,
AGREEMENT OF GUARANTY. In order to induce the Purchaser to purchase the Notes, the Guarantors hereby jointly and severally irrevocably and unconditionally guarantee as primary obligors and not merely as sureties, the due and punctual payment in full of all Obligations when the same shall become due, whether at stated maturity, by acceleration, demand or otherwise (including amounts that would become due but for the operation of the automatic stay under Section 362(a) of the Bankruptcy Code or a stay granted under Section 105 of the Bankruptcy Code, and including interest accruing on and after the filing of any petition in bankruptcy or of reorganization of the obligor whether or not post filing interest is allowed in such proceeding). The term "Obligations" is used herein in its most comprehensive sense and includes any and all obligations of Issuer now or hereafter made, incurred or created, whether absolute or contingent, liquidated or unliquidated, whether due or not due, and however arising under or in connection with any Note.
AGREEMENT OF GUARANTY. 23 Section 3.02. Guaranty Irrevocable..................................................................24 Section 3.03. Certain Waivers.......................................................................25 Section 3.04. Limitations on Subrogation............................................................25 Section 3.05. Contribution..........................................................................26 Section 3.06. Certain Mergers and Consolidations....................................................27 Section 3.07. Release of Guaranty under Certain Circumstances.......................................27 Section 3.08. Subordination of Certain Indebtedness.................................................27 Section 3.09. Guarantors' Indemnity.................................................................27 Section 3.10. No Duty of Inquiry....................................................................28 Section 3.11. No Duty to Provide Data to Guarantors.................................................28 Section 3.12. Rights Cumulative.....................................................................28 Section 3.13. Continuation of Guaranty..............................................................28 Section 3.14.
AGREEMENT OF GUARANTY. In order to induce the GREATER ORLANDO AVIATION AUTHORITY (the "Aviation Authority") to enter into the attached STC Passenger Lounge Concession Agreement (the "Agreement") with __________________ (the "Company") (which the Aviation Authority would be unwilling to do without this Agreement of Guaranty), the undersigned unconditionally guarantees to the Aviation Authority that Company will fully and timely make payment, prior to the expiration of any portion applicable provided in this Agreement, of all Concession Fees and other payments which Company is required to pay to the Aviation Authority under this Agreement, and that Company will comply with all of the other terms and conditions of this Agreement. The obligations of the undersigned hereunder shall be direct and immediate and not conditional or contingent upon the Aviation Authority's pursuit of its remedies against Company, and shall remain in full force and effect notwithstanding (i) amendments or modifications to this Agreement entered into by the Aviation Authority and Company without the knowledge or consent of the undersigned, (ii) waivers of compliance with or any default under this Agreement granted by the Aviation Authority to Company without the knowledge or consent of the undersigned, (iii) the discharge of Company from its obligations under this Agreement as a result of any proceeding initiated under the Bankruptcy Code of 1978, as the same has been or may be amended (the "Bankruptcy Code”), or any similar State or Federal law, or any limitation or reduction of the liability of Company or its estate as a result of any such proceeding, none of which shall be construed as affecting the obligations and liabilities of Company under this Agreement for purposes of this Guaranty, or (iv) any other action taken by the Aviation Authority or Company that would, in the absence of this clause, result in the release or discharge by operation of law of the undersigned from its obligations hereunder. The obligations of the undersigned under this Guaranty shall include the obligation to reimburse the Aviation Authority for any preferential payments received by the Aviation Authority from Company under or pursuant to this Agreement in the event that Company becomes a debtor under the Bankruptcy Code, or any similar State or Federal law. If a bankruptcy petition has been filed by or against Company during any preferential period (as established by the Bankruptcy Code or other applicable law) and Company ha...
AGREEMENT OF GUARANTY. 21 SECTION 3.02 Guaranty Irrevocable....................................................................... 21 SECTION 3.03
AGREEMENT OF GUARANTY. The Agreement of Guaranty is hereby amended and modified by deleting any and all references to "DRS Merger Sub" and to "DRS Merger Sub, Inc." and inserting new references to "NAI Technologies, Inc., a New York corporation, as successor-in-interest to DRS Merger Sub, Inc." in their place and stead.
AGREEMENT OF GUARANTY. 15.2.1. To induce Agent and Lenders to make loans or otherwise extend credit to Borrower from time to time as set forth in this Agreement, and for other good and valuable consideration, each Guarantor hereby unconditionally and absolutely guarantees to the Guaranteed Parties the due and punctual payment, performance and discharge (whether upon stated maturity, demand, acceleration or otherwise in accordance with the terms thereof) of all of the Obligations of Borrower or any other Obligor now or hereafter existing, whether for principal, interest, fees, expenses or otherwise, regardless of whether recovery upon any of such Obligations becomes barred by any statute of limitations, is void or voidable under any law relating to fraudulent obligations or otherwise, is or becomes invalid or unenforceable for any other reason, or is unrecoverable in any Insolvency Proceeding of an Obligor (whether pursuant to 11 U.S.C. 506 or otherwise).
AGREEMENT OF GUARANTY. In order to induce the Purchasers to purchase the Secured Notes, the Guarantors hereby jointly and severally irrevocably and unconditionally guarantee as primary obligors and not merely as sureties, the due and punctual payment in full of all Obligations when the same shall become due, whether at stated maturity, by acceleration, demand or otherwise (including, whether or not allowed, amounts that would become due but for the operation of the automatic stay under Section 362(a) of the Bankruptcy Code or a
AGREEMENT OF GUARANTY. The Mortgagee may take any of the remedies available to it under the Guaranty.
AGREEMENT OF GUARANTY. The Agreement of Guaranty is hereby amended and modified as follows:
