Common use of Assumption of Liens and Indebtedness Clause in Contracts

Assumption of Liens and Indebtedness. To the extent that any Guarantor has received or shall hereafter receive contributions to its capital consisting of assets of the Debtor that are subject, at the time of such contribution, to liens and security interests in favor of the Agent or the Banks in accordance with the Loan Agreement, each Guarantor hereby expressly agrees that (i) it shall hold such assets subject to such liens and security interests and subject to the terms of the Loan Agreement and (ii) it shall be liable for the payment of the Indebtedness secured thereby. The Guarantors’ obligations under this Paragraph 9 shall be in addition to their obligations as set forth in other sections of this Guaranty and not in substitution therefor or in lieu thereof.

Appears in 4 contracts

Samples: Payment and Performance (Ramco Gershenson Properties Trust), Payment and Performance (Ramco Gershenson Properties Trust), Payment and Performance (Ramco Gershenson Properties Trust)

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Assumption of Liens and Indebtedness. To the extent that any Guarantor has received or shall hereafter receive contributions to its capital consisting of assets of the Debtor that are subject, at the time of such contribution, to liens and security interests in favor of the Agent or the Banks in accordance with the Loan Agreement, each Guarantor hereby expressly agrees that (i) it shall hold such assets subject to such liens and security interests and subject to the terms of the Loan Agreement and (ii) it shall be liable for the payment of the Indebtedness secured thereby. The Guarantors' obligations under this Paragraph 9 shall be in addition to their obligations as set forth in other sections of this Guaranty and not in substitution therefor or in lieu thereof.

Appears in 2 contracts

Samples: Ramco Gershenson Properties Trust, Ramco Gershenson Properties Trust

Assumption of Liens and Indebtedness. To the extent that any the Guarantor has received or shall hereafter receive contributions to its capital consisting of assets of the Debtor that are subject, at the time of such contribution, to liens and security interests in favor of the Agent or the Banks in accordance with the Term Loan Agreement, each the Guarantor hereby expressly agrees that (i) it shall hold such assets subject to such liens and security interests and subject to the terms of the Term Loan Agreement and (ii) it shall be liable for the payment of the Indebtedness secured thereby. The Guarantors’ Guarantor's obligations under this Paragraph Section 9 shall be in addition to their its obligations as set forth in other sections of this Guaranty and not in substitution therefor or in lieu thereof.

Appears in 1 contract

Samples: Ramco Gershenson Properties Trust

Assumption of Liens and Indebtedness. To the extent that any the Guarantor has received or shall hereafter receive contributions to its capital consisting of assets of the Debtor that are subject, at the time of such contribution, to liens and security interests in favor of the Agent or the Banks in accordance with the Loan Credit Agreement, each the Guarantor hereby expressly agrees that (i) it shall hold such assets subject to such liens and security interests and subject to the terms of the Loan Credit Agreement and (ii) it shall be liable for the payment of the Indebtedness secured thereby. The Guarantors’ Guarantor's obligations under this Paragraph Section 9 shall be in addition to their its obligations as set forth in other sections of this Guaranty and not in substitution therefor or in lieu thereof.

Appears in 1 contract

Samples: Ramco Gershenson Properties Trust

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Assumption of Liens and Indebtedness. To the extent that any the Guarantor has received or shall hereafter receive contributions to its capital consisting of assets of the Debtor that are subject, at the time of such contribution, to liens and security interests in favor of the Agent or the Banks Lenders in accordance with the Loan Credit Agreement, each the Guarantor hereby expressly agrees that that: (i1) it shall hold such assets subject to such liens and security interests and subject to the terms of the Loan Agreement Credit Agreement; and (ii) it shall be liable for the payment of the Indebtedness secured thereby. , The Guarantors’ Guarantor's obligations under this Paragraph Section 9 shall be in addition to their its obligations as set forth in other sections of this Guaranty and not in substitution therefor or in lieu thereof.

Appears in 1 contract

Samples: Guaranty (Protection One Alarm Monitoring Inc)

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