Common use of Guaranteed Amounts Clause in Contracts

Guaranteed Amounts. In this Agreement, a Guarantee will be deemed to be in an amount equal to the amount of the Debt relating to which the Guarantee is given, unless the Guarantee is limited to a determinable amount, in which case the amount of the Guarantee will be deemed to be the lesser of the amount of the Debt relating to which the Guarantee is given and that determinable amount.

Appears in 3 contracts

Sources: Credit Agreement (Frankly Inc), Credit Agreement (Frankly Inc), Credit Agreement (Frankly Inc)