Confirmation of Guarantees and Security Sample Clauses

Confirmation of Guarantees and Security. Each Obligor confirms for the benefit of the Finance Parties that with effect from the date of this Deed:
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Confirmation of Guarantees and Security. Each Credit Party other than Borrower acknowledges, confirms and agrees that the guarantee executed by such Credit Party to and in favour of Agent on behalf of the Secured Parties in support of the obligations of Borrower under the Credit Agreement and the other Loan Documents (collectively, the "GUARANTEES") remains in full force and effect, unamended and supports the repayment of the Term Loan, as increased hereunder. In addition, each Credit Party (including Borrower) acknowledges, confirms and agrees that (i) all security granted by each Credit Party to and in favour of Agent on behalf of the Secured Parties as security for the obligations of such Credit Party under the Credit Agreement (including the Guarantees) and the other Loan Documents to which it is a party (collectively, the "CREDIT PARTY SECURITY") remains in full force and effect, unamended, and the security interests, mortgages, charges, liens, assignments, transfers and pledges granted by each Credit Party in favour of Agent on behalf of the Secured Parties pursuant to the Credit Party Security continue to secure and extend to all debts, liabilities and obligations of such Credit Party to Agent and the Secured Parties (including the Guarantees), whether direct or indirect, absolute or contingent, present or future, pursuant to, arising out of, or in connection with, the Credit Agreement (as amended hereby) and the other Loan Documents to which such Credit Party is a party; and (ii) the Guarantees and the Credit Party Security are all hereby ratified and confirmed.
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Confirmation of Guarantees and Security. The Borrower acknowledges, represents and confirms that (i) all security granted by the Borrower and each Subsidiary Guarantor to and in favour of the Administrative Agent on behalf of the Secured Parties as security for its obligations under the Credit Agreement and the other Loan Documents to which it is a party (collectively, the “Security”) remains in full force and effect, unamended, and the security interests, mortgages, charges, liens, assignments, transfers and pledges granted by the Borrower and each Subsidiary Guarantor in favour of the Administrative Agent on behalf of the Secured Parties pursuant to the Security continue to secure and extend to all debts, liabilities and obligations of the Borrower or such Subsidiary Guarantor to the Administrative Agent and the Secured Parties whether direct or indirect, absolute or contingent, present or future, pursuant to, arising out of, or in connection with, the Credit Agreement (as amended hereby) and each other Loan Document to which it is a party. The Borrower acknowledges, represents and confirms that the guarantees of the obligations of the Borrower under the Credit Agreement by each Subsidiary Guarantor and by the Borrower of the obligations of each Subsidiary Guarantor remain in full force and effect, notwithstanding the amendments set forth herein, and continue to guarantee and extend to all debts, liabilities and obligations of the Borrower or such Subsidiary Guarantor to the Administrative Agent and the Secured Parties pursuant to, arising out of, or in connection with, the Credit Agreement (as amended hereby) and each other Loan Document to which it is a party. ARTICLE FIVE
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Confirmation of Guarantees and Security. (a) The Guarantor confirms for the benefit of the Finance Parties that:
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Confirmation of Guarantees and Security. Each Obligor confirms for the benefit of the Finance Parties that:
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Confirmation of Guarantees and Security. By its signature hereto, the Borrower confirms on its behalf and on behalf of each of the Subsidiary Guarantors that the obligations of the Borrower in respect of the Series A-1 Incremental Term Loans under this Series A-1 Incremental Loan Amendment and the Credit Agreement (i) constitute "Guaranteed Obligations" under Article III of the Credit Agreement and (ii) are entitled to the benefits of the Security Agreement and constitute "Secured Obligations" (as defined in the Security Agreement). ARTICLE VI
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Confirmation of Guarantees and Security. (i) By its signature below NCI and each Restricted Company (other than the Borrower) agrees that the obligations of the Borrower under the Credit Agreement as amended hereby and as previously amended by Amendment No. 1 are entitled to the benefits of the Guarantee by NCI pursuant to the Credit Agreement and the Guarantee of each Restricted Company (other than the Borrower) pursuant to the Guarantee and Security Agreement dated as of March 12, 1998 (the "Guarantee and Security Agreement") between the Borrower, each of the subsidiaries of the Borrower listed on the signature pages thereto under the caption "INITIAL GUARANTORS", each additional entity, if any, that becomes a "Guarantor" thereunder as contemplated by Section 7.12 of the Credit Agreement and The Chase Manhattan Bank, as Collateral Agent (and shall constitute "Guaranteed Obligations" under and for all purposes of the Credit Agreement and the Guarantee and Security Agreement).
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Related to Confirmation of Guarantees and Security

  • Releases of Guarantees and Liens (a) Notwithstanding anything to the contrary contained herein or in any other Loan Document, the Administrative Agent is hereby irrevocably authorized by each Lender (without requirement of notice to or consent of any Lender except as expressly required by Section 10.1) to take any action requested by the Borrower having the effect of releasing any Collateral or guarantee obligations (i) to the extent necessary to permit consummation of any transaction not prohibited by any Loan Document or that has been consented to in accordance with Section 10.1 or (ii) under the circumstances described in paragraph (b) below.

  • Release of Guarantees A Guarantee by a Guarantor shall be automatically and unconditionally released and discharged, and no further action by such Guarantor, the Issuer or the Trustee is required for the release of such Guarantor’s Guarantee, upon:

  • Subordination of Guarantees ANTI-LAYERING. No Guarantor shall incur, create, issue, assume, guarantee or otherwise become liable for any Indebtedness that is subordinate or junior in right of payment to any Senior Debt of a Guarantor and senior in any respect in right of payment to any of the Guarantees. Notwithstanding the foregoing sentence, the Guarantee of each Guarantor shall be subordinated to the prior payment in full of all Senior Debt of that Guarantor (in the same manner and to the same extent that the Securities are subordinated to Senior Debt), which shall include all guarantees of Senior Debt.

  • Reaffirmation of Guaranties The Credit Parties signatory hereto hereby reaffirm their Guaranties of the Obligations, taking into account the provisions of this Amendment.

  • Confirmation of Guaranty Each of the Guarantors confirms that they have read and understand the Amendment. In order to induce the Lenders, the Administrative Agent and the other Agents to enter into the Amendment, each of the Guarantors: (i) consents to the Amendment and the transactions contemplated thereby; (ii) ratifies and confirms each of the Loan Documents to which it is a party; (iii) ratifies, agrees and confirms that it has been a Guarantor and a Loan Party at all times since it became a Guarantor and a Loan Party and from and after the date hereof, each Guarantor shall continue to be a Guarantor and a Loan Party in accordance with the terms of the Loan Documents, as the same may be amended in connection with the Amendment and the transactions contemplated thereby; and (iv) hereby ratifies and confirms its obligations under each of the Loan Documents (including all exhibits and schedules thereto), as the same may be amended in connection with the Amendment and the transactions contemplated thereby, by signing below as indicated and hereby acknowledges and agrees that nothing contained in any of such Loan Documents is intended to create, nor shall it constitute an interruption, suspension of continuity, satisfaction, discharge of prior duties, novation or termination of the indebtedness, loans, liabilities, expenses, guaranty or obligations of any of the Loan Parties under the Credit Agreement or any other such Loan Document.

  • Subordination of Guarantee The guarantee and other liabilities and obligations of the Depositor under this Agreement shall constitute unsecured obligations of the Depositor and shall rank subordinate and junior in right of payment to all Senior Indebtedness (as defined in the Indenture) of the Depositor to the extent and in the manner set forth in the Indenture with respect to the Debentures, and the provisions of Article XIII of the Indenture will apply, mutatis mutandis, to the obligations of the Depositor hereunder. The obligations of the Depositor hereunder do not constitute Senior Indebtedness (as defined in the Indenture) of the Depositor.

  • Release of Guaranties WCI shall use reasonable efforts to obtain the termination and release promptly after the Closing Date of the personal guaranties of the Shareholders listed on Schedule 6.2, all of which relate to indebtedness of the Corporation included in the Financial Statements as of the Balance Sheet Date or WCI shall indemnify the Shareholders and hold them harmless from and against all losses, expenses or claims by third parties to enforce or collect indebtedness owed by the Corporation as of the Closing Date which is personally guaranteed by the Shareholders pursuant to such guaranties. The Shareholders may notify the obligees under such guaranties that they have terminated their obligations under such guaranties. The Shareholders shall cooperate with WCI in obtaining such releases.

  • Execution of Guarantee To further evidence the Guarantee to the Holders, the Guarantor hereby agrees to execute a Guarantee substantially in the form of Exhibit A hereto, to be endorsed on and made a part of each Security ordered to be authenticated and delivered by the Trustee. The Guarantor hereby agrees that its Guarantee set forth in Section 2.01 shall remain in full force and effect notwithstanding any failure to endorse on each Security a Guarantee. Each such Guarantee shall be signed on behalf of the Guarantor by its Chairman of the Board, its President or one of its Vice Presidents prior to the authentication of the Security on which it is endorsed, and the delivery of such Security by the Trustee, after the authentication thereof hereunder, shall constitute due delivery of such Guarantee on behalf of the Guarantor. Such signature upon the Guarantee may be a manual or facsimile signature of such officer and may be imprinted or otherwise reproduced on the Guarantee, and in case such officer who shall have signed the Guarantee shall cease to be such officer before the Security on which Guarantee is endorsed shall have been authenticated and delivered by the Trustee or disposed of by the Company, the Security nevertheless may be authenticated and delivered or disposed of as though the Person who signed the Guarantee had not ceased to be such officer of the Guarantor.

  • Limitation of Guarantee The obligations of each Guarantor will be limited to the maximum amount as will, after giving effect to all other contingent and fixed liabilities of such Guarantor and after giving effect to any collections from or payments made by or on behalf of any other Guarantor in respect of the obligations of such other Guarantor under its Guarantee or pursuant to its contribution obligations under this Indenture, result in the obligations of such Guarantor under the Guarantee not constituting a fraudulent conveyance or fraudulent transfer under Federal or state law. Each Guarantor that makes a payment or distribution under a Guarantee shall be entitled to a contribution from each other Guarantor in a pro rata amount based on the Adjusted Net Assets of each Guarantor.

  • Ratification of Guaranty By its execution of this Addendum, CFSC ratifies and confirms its guaranty contained in Article IX of the Credit Agreement with respect to the Japan Local Currency Advances made pursuant to this Addendum which Guaranty remains in full force and effect.

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