Guaranty Documentation Sample Clauses
The Guaranty Documentation clause requires that all necessary documents evidencing a guaranty are properly prepared, executed, and delivered. In practice, this means that any party providing a guaranty must supply signed agreements or certificates that legally confirm their obligation to guarantee another party’s performance or payment. This clause ensures that the guaranty is formally documented and enforceable, thereby reducing the risk of disputes over the existence or terms of the guaranty.
Guaranty Documentation. (i) On the Closing Date, the Company shall cause each Domestic Subsidiary and Special Foreign Subsidiary of the Company as of the Closing Date to execute and deliver the Subsidiary Guaranty or, in the case of any Special Foreign Subsidiary, such other guaranty document as the Administrative Agent shall reasonably deem appropriate in order for such Subsidiary to provide an unconditional guaranty of the Secured Obligations and as may be enforceable under the laws of such Special Foreign Subsidiary’s jurisdiction of organization, in each case, together with such other documentation with respect to such Initial Loan Party as may be required pursuant to Section 5.1. (ii) In addition to causing each Domestic Subsidiary and Special Foreign Subsidiary to execute and deliver a Guaranty on the Closing Date as required by the foregoing clause (i), the Company will cause each Person that constitutes a Domestic Subsidiary or Special Foreign Subsidiary of the Company after the Closing Date (whether by virtue of the consummation of a Permitted Acquisition, any corporate reorganization or otherwise) to execute and deliver to the Administrative Agent, as promptly as possible, but in any event within thirty (30) days (or such later date as is agreed to by the Administrative Agent) after such qualification, (x) an executed supplement to become a Subsidiary Guarantor under the Subsidiary Guaranty in the form attached thereto or, in the case of any Special Foreign Subsidiary, such other guaranty document as the Administrative Agent shall reasonably deem appropriate in order for such Special Foreign Subsidiary to provide an unconditional guaranty of the Secured Obligations and as may be enforceable under the laws of such Special Foreign Subsidiary’s jurisdiction of organization (whereupon such Subsidiary shall become a “Subsidiary Guarantor”), (y) the Collateral Documents required to be delivered by such Person pursuant to Section 7.2(L)(i) and (z) resolutions, officer’s certificates, opinions of counsel and such other authorizing documentation as the Administrative Agent may reasonably request, all in form and substance reasonably satisfactory to the Administrative Agent.
Guaranty Documentation. 31 Section 6.14
Guaranty Documentation. The Investors will use reasonable efforts to implement the Guaranty Documentation prior to the Closing Date. Parent will use reasonable efforts to cooperate with the Investors in relation thereto.