{"component": "clause", "props": {"groups": [{"samples": [{"hash": "72lRYHN5h6Z", "uri": "/contracts/72lRYHN5h6Z#borrower-guarantee", "label": "Guarantee and Collateral Agreement (Scotts Miracle-Gro Co)", "score": 21.0, "published": true}, {"hash": "67Zij0rafDg", "uri": "/contracts/67Zij0rafDg#borrower-guarantee", "label": "Guarantee and Collateral Agreement (Scotts Miracle-Gro Co)", "score": 21.0, "published": true}], "snippet": "(a) The Borrower hereby, unconditionally and irrevocably, guarantees to the Administrative Agent, for the ratable benefit of the Secured Parties and their respective successors, indorsees, transferees and assigns, the prompt and complete payment and performance by each Subsidiary Borrower when due (whether at the stated maturity, by acceleration or otherwise) of its Subsidiary Borrower Obligations.\n(b) Anything herein or in any other Loan Document to the contrary notwithstanding, the maximum liability of the Borrower hereunder and under the other Loan Documents shall in no event exceed the amount which can be guaranteed by the Borrower under applicable federal and state laws relating to the insolvency of debtors.\n(c) The guarantee contained in this Section 2 shall remain in full force and effect until all the Subsidiary Borrower Obligations and the obligations of the Borrower under the guarantee contained in this Section 2 shall have been satisfied by payment in full, no Letter of Credit shall be outstanding and the Commitments and Loans shall be terminated, notwithstanding that from time to time during the term of the Credit Agreement each Subsidiary Borrower may be free from any Subsidiary Borrower Obligations.\n(d) No payment made by any Subsidiary Borrower, any of the other Guarantors, any other guarantor or any other Person or received or collected by the Administrative Agent or any Lender from any Subsidiary Borrower, any of the other Guarantors, any other guarantor or any other Person by virtue of any action or proceeding or any set-off or appropriation or application at any time or from time to time in reduction of or in payment of the Subsidiary Borrower Obligations shall be deemed to modify, reduce, release or otherwise affect the liability of the Borrower hereunder which shall, notwithstanding any such payment (other than any payment made by the Borrower in respect of the Subsidiary Borrower Obligations or any payment received or collected from the Borrower in respect of the Subsidiary Borrower Obligations), remain liable for the Subsidiary Borrower Obligations up to the maximum liability of the Borrower hereunder until the Subsidiary Borrower Obligations are paid in full, no Letter of Credit shall be outstanding and the Commitments are terminated.", "snippet_links": [{"key": "the-borrower-hereby", "type": "clause", "offset": [4, 23]}, {"key": "the-administrative-agent", "type": "definition", "offset": [72, 96]}, {"key": "benefit-of-the-secured-parties", "type": "clause", "offset": [114, 144]}, {"key": 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"offset": [1691, 1708]}, {"key": "the-liability-of-the", "type": "clause", "offset": [1766, 1786]}, {"key": "in-respect-of", "type": "definition", "offset": [1897, 1910]}, {"key": "payment-received", "type": "clause", "offset": [1954, 1970]}, {"key": "paid-in-full", "type": "definition", "offset": [2208, 2220]}], "size": 12, "hash": "9cb151ad9343f3b6c19ebae0f92b6790", "id": 2}, {"samples": [{"hash": "70pL1P72N16", "uri": "/contracts/70pL1P72N16#borrower-guarantee", "label": "Credit Agreement (Nextgen Healthcare, Inc.)", "score": 34.5605735779, "published": true}, {"hash": "ckNZeARI5Kg", "uri": "/contracts/ckNZeARI5Kg#borrower-guarantee", "label": "Credit Agreement (Quality Systems, Inc)", "score": 29.2518825531, "published": true}, {"hash": "6gwv1OlZNDO", "uri": "/contracts/6gwv1OlZNDO#borrower-guarantee", "label": "Credit Agreement (Quality Systems, Inc)", "score": 27.0752906799, "published": true}], "snippet": "In order to induce the Lenders to extend credit to the Borrower hereunder and for other good and valuable consideration (the receipt and sufficiency of which are hereby acknowledged), the Borrower hereby absolutely and irrevocably and unconditionally guarantees, as a primary obligor and not merely as a surety, the payment when and as due of the Specified Ancillary Obligations of the Subsidiaries. The Borrower further agrees that the due and punctual payment of such Specified Ancillary Obligations may be extended or renewed, in whole or in part, without notice to or further assent from it, and that it will remain bound upon its guarantee hereunder notwithstanding any such extension or renewal of any such Specified Ancillary Obligation. The Borrower waives presentment to, demand of payment from and protest to any Subsidiary of any of the Specified Ancillary Obligations, and also waives notice of acceptance of its obligations and notice of protest for nonpayment. The obligations of the Borrower hereunder shall not be affected by (a) the failure of any applicable Lender (or any of its Affiliates) to assert any claim or demand or to enforce any right or remedy against any Subsidiary under the provisions of any Banking Services Agreement, any Swap Agreement or otherwise; (b) any extension or renewal of any of the Specified Ancillary Obligations; (c) any rescission, waiver, amendment or modification of, or release from, any of the terms or provisions of this Agreement, any other Loan Document, any Banking Services Agreement, any Swap Agreement or other agreement; (d) any default, failure or delay, willful or otherwise, in the performance of any of the Specified Ancillary Obligations; (e) the failure of any applicable Lender (or any of its Affiliates) to take any steps to perfect and maintain any security interest in, or to preserve any rights to, any security or collateral for the Specified Ancillary Obligations, if any; (f) any change in the corporate, partnership or other existence, structure or ownership of any Subsidiary or any other guarantor of any of the Specified Ancillary Obligations; (g) the enforceability or validity of the Specified Ancillary Obligations or any part thereof or the genuineness, enforceability or validity of any agreement relating thereto or with respect to any collateral securing the Specified Ancillary Obligations or any part thereof, or any other invalidity or unenforceability relating to or against any Subsidiary or any other guarantor of any of the Specified Ancillary Obligations, for any reason related to this Agreement, any other Loan Document, any Banking Services Agreement, any Swap Agreement, or any provision of applicable law, decree, order or regulation of any jurisdiction purporting to prohibit the payment by such Subsidiary or any other guarantor of the Specified Ancillary Obligations, of any of the Specified Ancillary Obligations or otherwise affecting any term of any of the Specified Ancillary Obligations; or (h) any other act, omission or delay to do any other act which may or might in any manner or to any extent vary the risk of the Borrower or otherwise operate as a discharge of a guarantor as a matter of law or equity or which would impair or eliminate any right of the Borrower to subrogation. Without limiting any other waiver or provision, the Borrower waives, to the maximum extent permitted by law, all benefits or defenses directly or indirectly arising under California Civil Code \u00a7\u00a7 2787, 2799, 2808, 2815, 2819, 2820, 2821, 2822, 2838, 2839, 2847, 2848, and 2855, Chapter 2 of Title 14 of the California Civil Code, and California Code of Civil Procedure \u00a7\u00a7 580a, 580b, 580c, 580d, and 726 or any similar laws of any other applicable jurisdiction. The reference to certain provisions of California law is not intended to imply any application of California law to this Agreement. The Borrower further agrees that its agreement hereunder constitutes a guarantee of payment when due (whether or not any bankruptcy or similar proceeding shall have stayed the accrual or collection of any of the Specified Ancillary Obligations or operated as a discharge thereof) and not merely of collection, and waives any right to require that any resort be had by any applicable Lender (or any of its Affiliates) to any balance of any deposit account or credit on the books of the Administrative Agent, any Issuing Bank or any Lender in favor of any Subsidiary or any other Person. The obligations of the Borrower hereunder shall not be subject to any reduction, limitation, impairment or termination for any reason, and shall not be subject to any defense or set-off, counterclaim, recoupment or termination whatsoever, by reason of the invalidity, illegality or unenforceability of any of the Specified Ancillary Obligations, any impossibility in the performance of any of the Specified Ancillary Obligations or otherwise. The Borrower further agrees that its obligations hereunder shall constitute a continuing and irrevocable guarantee of all Specified Ancillary Obligations now or hereafter existing and shall continue to be effective or be reinstated, as the case may be, if at any time payment, or any part thereof, of any Specified Ancillary Obligation (including a payment effected through exercise of a right of setoff) is rescinded, or is or must otherwise be restored or returned by any applicable Lender (or any of its Affiliates) upon the insolvency, bankruptcy or reorganization of any Subsidiary or otherwise (including pursuant to any settlement entered into by a holder of Specified Ancillary Obligations in its discretion). In furtherance of the foregoing and not in limitation of any other right which any applicable Lender (or any of its Affiliates) may have at law or in equity against the Borrower by virtue hereof, upon the failure of any Subsidiary to pay any Specified Ancillary Obligation when and as the same shall become due, whether at maturity, by acceleration, after notice of prepayment or otherwise, the Borrower hereby promises to and will, upon receipt of written demand by any applicable Lender (or any of its Affiliates), forthwith pay, or cause to be paid, to such applicable Lender (or any of its Affiliates) in cash an amount equal to the unpaid principal amount of such Specified Ancillary Obligations then due, together with accrued and unpaid interest thereon. The Borrower further agrees that if payment in respect of any Specified Ancillary Obligation shall be due in a currency other than Dollars and/or at a place of payment other than New York, Chicago or any other Eurocurrency Payment Office and if, by reason of any Change in Law, disruption of currency or foreign exchange markets, war or civil disturbance or other event, payment of such Specified Ancillary Obligation in such currency or at such place of payment shall be impossible or, in the reasonable judgment of any applicable Lender (or any of its Affiliates), disadvantageous to such applicable Lender (or any of its Affiliates) in any material respect, then, at the election of such applicable Lender, the Borrower shall make payment of such Specified Ancillary Obligation in Dollars (based upon the applicable Equivalent Amount in effect on the date of payment) and/or in New York, Chicago or such other Eurocurrency Payment Office as is designated by such applicable Lender (or its Affiliate) and, as a separate and independent obligation, shall indemnify such applicable Lender (and any of its Affiliates) against any losses or reasonable out-of-pocket expenses that it shall sustain as a result of such alternative payment. Upon payment by the Borrower of any sums as provided above, all rights of the Borrower against any Subsidiary arising as a result thereof by way of right of subrogation or otherwise shall in all respects be subordinated and junior in right of payment to the prior indefeasible payment in full in cash of all the Specified Ancillary Obligations owed by such Subsidiary to the applicable Lender (or its applicable Affiliates). Nothing shall discharge or satisfy the liability of the Borrower hereunder except the full performance and payment in cash of the Secured Obligations. The Borrower hereby absolutely, unconditionally and irrevocably undertakes to provide such funds or other support as may be needed from time to time by each Subsidiary Guarantor to honor all of its obligations under the Subsidiary Guaranty in respect of Specified Swap Obligations (provided, however, that the Borrower shall only be liable under this paragraph for the maximum amount of such liability that can be hereby incurred without rendering its obligations under this paragraph or otherwise under this Article X voidable under applicable law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The Borrower intends that this paragraph constitute, and this paragraph shall be deemed to constitute, a \u201ckeepwell, support, or other agreement\u201d for the benefit of each Subsidiary Guarantor for all purposes of Section 1a(18)(A)(v)(II) of the Commodity Exchange Act.", "snippet_links": [{"key": "the-lenders", "type": "clause", "offset": [19, 30]}, {"key": "to-extend", "type": "clause", "offset": [31, 40]}, {"key": "to-the-borrower", "type": "definition", "offset": [48, 63]}, {"key": "good-and-valuable-consideration", "type": "clause", "offset": [88, 119]}, {"key": "the-borrower-hereby", "type": "clause", "offset": [184, 203]}, {"key": "primary-obligor", "type": "clause", "offset": [268, 283]}, {"key": "the-payment", "type": "clause", "offset": [312, 323]}, {"key": "specified-ancillary-obligations", "type": "definition", "offset": [347, 378]}, {"key": "the-subsidiaries", "type": "clause", "offset": [382, 398]}, {"key": "borrower-further-agrees", "type": "clause", "offset": [404, 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27.5325126648, "published": true}], "snippet": "In order to induce the Lenders to extend credit to the Borrower hereunder and for other good and valuable consideration (the receipt and sufficiency of which are hereby acknowledged), the Borrower hereby absolutely and irrevocably and unconditionally guarantees, as a primary obligor and not merely as a surety, the payment when and as due of the Specified Ancillary Obligations of the", "snippet_links": [{"key": "the-lenders", "type": "clause", "offset": [19, 30]}, {"key": "to-extend", "type": "clause", "offset": [31, 40]}, {"key": "to-the-borrower", "type": "definition", "offset": [48, 63]}, {"key": "good-and-valuable-consideration", "type": "clause", "offset": [88, 119]}, {"key": "the-borrower-hereby", "type": "clause", "offset": [184, 203]}, {"key": "primary-obligor", "type": "clause", "offset": [268, 283]}, {"key": "the-payment", "type": "clause", "offset": [312, 323]}, {"key": "obligations-of-the", "type": "clause", "offset": [367, 385]}], "size": 3, "hash": "aa18d9086e0278294cc0b59567fdfb70", "id": 3}, {"samples": [{"hash": "3s4s4EONwsH", "uri": "/contracts/3s4s4EONwsH#borrower-guarantee", "label": "Credit Agreement (Kadant Inc)", "score": 21.0, "published": true}], "snippet": "The Administrative Agent shall have received an agreement and acknowledgment by the Borrower that the guarantee set forth in Section 3 of the Guarantee and Pledge Agreement covers the obligations of such Foreign Subsidiary as a Foreign Subsidiary Borrower under this Agreement and the other Loan Documents.", "snippet_links": [{"key": "agent-shall", "type": "definition", "offset": [19, 30]}, {"key": "acknowledgment-by-the-borrower", "type": "clause", "offset": [62, 92]}, {"key": "the-guarantee", "type": "clause", "offset": [98, 111]}, {"key": "in-section-3", "type": "clause", "offset": [122, 134]}, {"key": "guarantee-and-pledge-agreement", "type": "definition", "offset": [142, 172]}, {"key": "obligations-of", "type": "clause", "offset": [184, 198]}, {"key": "foreign-subsidiary-borrower", "type": "clause", "offset": [228, 255]}, {"key": "agreement-and-the-other-loan-documents", "type": "clause", "offset": [267, 305]}], "size": 3, "hash": "ac9b4ccc12c1d72b36025306ce5fb45f", "id": 4}, {"samples": [{"hash": "362kEyP6K7v", "uri": "/contracts/362kEyP6K7v#borrower-guarantee", "label": "Credit Agreement (MasterBrand, Inc.)", "score": 37.2299804688, "published": true}, {"hash": "8Cz5HLf8FlF", "uri": "/contracts/8Cz5HLf8FlF#borrower-guarantee", "label": "Credit Agreement (MasterBrand, Inc.)", "score": 36.8439407349, "published": true}], "snippet": "In order to induce the Lenders to extend credit to the Borrower hereunder and for other good and valuable consideration (the receipt and sufficiency of which are hereby acknowledged), the Borrower hereby absolutely and irrevocably and unconditionally guarantees, as a primary obligor and not merely as a surety, the payment when and as due of the Specified Ancillary Obligations of the Subsidiaries. The Borrower further agrees that the due and punctual payment of such Specified Ancillary Obligations may be extended or renewed, in whole or in part, without notice to or further assent from it, and that it will remain bound upon its guarantee hereunder notwithstanding any such extension or renewal of any such Specified Ancillary Obligation.", "snippet_links": [{"key": "the-lenders", "type": "clause", "offset": [19, 30]}, {"key": "to-extend", "type": "clause", "offset": [31, 40]}, {"key": "to-the-borrower", "type": "definition", "offset": [48, 63]}, {"key": "good-and-valuable-consideration", "type": "clause", "offset": [88, 119]}, {"key": "the-borrower-hereby", "type": "clause", "offset": [184, 203]}, {"key": "primary-obligor", "type": "clause", "offset": [268, 283]}, {"key": "the-payment", "type": "clause", "offset": [312, 323]}, {"key": "the-subsidiaries", "type": "clause", "offset": [382, 398]}, {"key": "borrower-further-agrees", "type": "clause", "offset": [404, 427]}, {"key": "payment-of", "type": "definition", "offset": [454, 464]}, {"key": "without-notice-to", "type": "clause", "offset": [551, 568]}, {"key": "extension-or-renewal", "type": "clause", "offset": [680, 700]}], "size": 2, "hash": "3dec65eeaa02eb3c5ee9be5b4a54d06d", "id": 5}, {"samples": [{"hash": "izLoirS3F2p", "uri": "/contracts/izLoirS3F2p#borrower-guarantee", "label": "Credit Agreement (Marsulex Inc)", "score": 18.0, "published": true}], "snippet": "In addition to its other obligation hereunder, the Borrower hereby irrevocably and unconditionally guarantees the due and punctual payment of the obligations owing by any Guarantor to a Cash Management Bank under a Cash Management Agreement to which such Guarantor is a party and agrees to indemnify such Cash Management Bank from time to time on demand by the Administrative Agent from and against any Losses incurred by such Cash Management Bank as a result of any of the obligations of such Guarantor under or pursuant to such Cash Management Agreement being or becoming void, voidable, unenforceable or ineffective as against such Guarantor for any reason whatsoever, whether or not known to such Cash Management Bank or any of them or any other Person, the amount of such Losses being the amount which the Person or Persons suffering such Losses would otherwise have been entitled to recover from such Guarantor. ---------------------------------------- CA-86", "snippet_links": [{"key": "in-addition-to", "type": "clause", "offset": [0, 14]}, {"key": "other-obligation", "type": "clause", "offset": [19, 35]}, {"key": "the-borrower-hereby", "type": "clause", "offset": [47, 66]}, {"key": "obligations-owing", "type": "clause", "offset": [146, 163]}, {"key": "cash-management-bank", "type": "clause", "offset": [186, 206]}, {"key": "agreement-to", "type": "clause", "offset": [231, 243]}, {"key": "a-party", "type": "clause", "offset": [268, 275]}, {"key": "to-indemnify", "type": "clause", "offset": [287, 299]}, {"key": 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Transaction, execute and deliver an unlimited liability guarantee with respect to the obligations of such Material Subsidiary to the Agent, the Lenders and the Secured Hedge Counterparties (as applicable) thereunder (in each case in form and substance satisfactory to the Agent).", "snippet_links": [{"key": "material-subsidiary", "type": "clause", "offset": [5, 24]}, {"key": "to-enter", "type": "definition", "offset": [33, 41]}, {"key": "secured-hedge-transaction", "type": "definition", "offset": [49, 74]}, {"key": "the-borrower-shall", "type": "clause", "offset": [76, 94]}, {"key": "prior-to", "type": "definition", "offset": [96, 104]}, {"key": "execute-and-deliver", "type": "clause", "offset": [180, 199]}, {"key": "unlimited-liability", "type": "definition", "offset": [203, 222]}, {"key": "obligations-of", "type": "clause", "offset": [253, 267]}, {"key": "the-agent", "type": "clause", "offset": [296, 305]}, {"key": "the-lenders", "type": "clause", "offset": [307, 318]}, {"key": "secured-hedge-counterparties", "type": "definition", "offset": [327, 355]}, {"key": "each-case", "type": "definition", "offset": [387, 396]}, {"key": "form-and-substance", "type": "clause", "offset": [400, 418]}], "size": 1, "hash": "77490bde49aebb1e94bf8da22ef2ad2e", "id": 7}, {"samples": [{"hash": "bw1JHxFMAJX", "uri": "/contracts/bw1JHxFMAJX#borrower-guarantee", "label": "Credit Agreement (Scotts Miracle-Gro Co)", "score": 33.2819976807, "published": true}], "snippet": "2.1. Company Guarantee (a) The Company hereby, unconditionally and irrevocably, guarantees to the Administrative Agent, for the ratable benefit of the Secured Parties and their respective successors, indorsees, transferees and assigns, the prompt and complete payment and performance by each Subsidiary when due (whether at the stated maturity, by acceleration or otherwise) of the Obligations (other than with respect to any Guarantor any Excluded Swap Obligations of such Guarantor).", "snippet_links": [{"key": "company-guarantee", "type": "clause", "offset": [5, 22]}, {"key": "the-company-hereby", "type": "clause", "offset": [27, 45]}, {"key": "the-administrative-agent", "type": "definition", "offset": [94, 118]}, {"key": "benefit-of-the-secured-parties", "type": "clause", "offset": [136, 166]}, {"key": "performance-by", "type": "definition", "offset": [272, 286]}, {"key": "stated-maturity", "type": "definition", "offset": [328, 343]}, {"key": "the-obligations", "type": "clause", "offset": [378, 393]}, {"key": "with-respect-to", "type": "clause", "offset": [406, 421]}, {"key": "obligations-of", "type": "clause", "offset": [454, 468]}], "size": 1, "hash": "45285f1adb568fb0c39f10203993922f", "id": 8}, {"samples": [{"hash": "6Xv7NRPPnYg", "uri": "/contracts/6Xv7NRPPnYg#borrower-guarantee", "label": "Guarantee and Collateral Agreement (Scotts Miracle-Gro Co)", "score": 22.4948673248, "published": true}], "snippet": "(a) The Borrower hereby, unconditionally and irrevocably, guarantees to the Administrative Agent, for the ratable benefit of the Secured Parties and their respective successors, indorsees, transferees and assigns, the prompt and complete payment and performance by each Subsidiary Borrower when due (whether at the stated maturity, by acceleration or otherwise) of its Subsidiary Borrower Obligations.", "snippet_links": [{"key": "the-borrower-hereby", "type": "clause", "offset": [4, 23]}, {"key": "the-administrative-agent", "type": "definition", "offset": [72, 96]}, {"key": "benefit-of-the-secured-parties", "type": "clause", "offset": [114, 144]}, {"key": "performance-by", "type": "definition", "offset": [250, 264]}, {"key": "stated-maturity", "type": "definition", "offset": [315, 330]}, {"key": "subsidiary-borrower-obligations", "type": "definition", "offset": [369, 400]}], "size": 1, "hash": "7ecc212206bac28369c0bd1128fdad88", "id": 9}, {"samples": [{"hash": "25zbswBW1Qv", "uri": "/contracts/25zbswBW1Qv#borrower-guarantee", "label": "Revolving Credit Agreement (Certegy Inc)", "score": 18.0, "published": true}], "snippet": "82 Section 11.1. Guarantee............................................................................. 82 Section 11.2. Guaranteed Obligations Not Waived..................................................... 83 Section 11.3. Guarantee of Payment.................................................................. 83 Section 11.4. No Discharge of Diminishment of Guarantee............................................. 83 Section 11.5. Defenses of Borrower Waived........................................................... 84 Section 11.6. Agreement to Pay; Subordination....................................................... 84 Section 11.7. Information........................................................................... 84 Section 11.8. Taxes, etc............................................................................ 85 Section 11.9. Failure to Pay in Foreign Currency.................................................... 85 Section 11.10. Termination........................................................................... 85 Schedules Schedule I - Applicable Margin and Applicable Percentage Schedule 1.1 - Foreign Currency Payment Accounts Schedule 4.5 - Environmental Matters Schedule 4.14 - Subsidiaries Schedule 4.15 - Funding Date Indebtedness Schedule 4.16 - Investments Schedule 7.2 - Funding Date Liens Exhibits Exhibit A - Form of Revolving Credit Note Exhibit B - Form of Competitive Bid Note Exhibit C - Form of Swingline Note Exhibit D - Form of Assignment and Acceptance Exhibit E - Form of Intercompany Note Exhibit F-1 - Form of Opinion of Counsel to Borrower Exhibit F-2 - Form of Opinion of the General Counsel of Borrower Exhibit G - Form of Designated Borrower Acknowledgment and Agreement Exhibit H - Form of Designated Borrower Notice of Withdrawal Exhibit I - Form of Lender Joinder Agreement Exhibit J - Form of New commitment Acknowledgment Exhibit K - Form of Indenture Exhibit 2.3 - Form of Notice of Revolving Borrowing Exhibit 2.5 - Form of Notice of Swingline Borrowing Exhibit 2.6-A - Form of Competitive Bid Request Exhibit 2.6-B - Form of Notice of Lenders of Competitive Bid Request Exhibit 2.9 - Form of Continuation/Conversion Exhibit 3.1(b)(iv) - Form of Secretary's Certificate and 3.1(b)(vii) Exhibit 3.1(b)(ix) - Form of Officer's Certificate REVOLVING CREDIT AGREEMENT THIS REVOLVING CREDIT AGREEMENT (this \"Agreement\") is made and entered into as of September 3, 2003, by and among CERTEGY INC., a Georgia corporation (the \"Borrower\"), any Designated Borrower (as defined below) which becomes a party hereto from time to time, the several banks and other financial institutions from time to time party hereto (the \"Lenders\"), Wachovia Bank, National Association, as syndication agent, Bank of America, N.A., as documentation agent and SUNTRUST BANK, in its capacity as Administrative Agent for the Lenders (the \"Administrative Agent\").", "snippet_links": [{"key": "section-111", 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["subsidiary-guaranty", "Subsidiary Guaranty", "Subsidiary Guaranty"], ["parent-guarantee", "Parent Guarantee", "Parent Guarantee"], ["subsidiaries-guaranty", "Subsidiaries Guaranty", "Subsidiaries Guaranty"], ["loan-guaranty", "Loan Guaranty", "Loan Guaranty"]], "related_snippets": [], "updated": "2026-04-15T04:23:14+00:00", "also_ask": [], "drafting_tip": "Specify the guarantee's scope and duration to avoid ambiguity; identify guaranteed obligations precisely to ensure enforceability; clarify limitations or exclusions to prevent unintended liability.", "explanation": "A Borrower Guarantee clause requires the borrower, or a third party on their behalf, to guarantee the repayment of a loan or fulfillment of specific obligations under an agreement. In practice, this means that if the borrower defaults or fails to meet their commitments, the guarantor becomes legally responsible for satisfying those obligations, such as repaying outstanding loan amounts or covering losses. This clause primarily serves to protect the lender by reducing the risk of non-payment and providing an additional layer of security for the transaction."}, "json": true, "cursor": ""}}