Guaranty Obligations Clause Examples

Guaranty Obligations any Guaranty Obligations permitted by Section 9.5;

Guaranty Obligations. Assume, guarantee, endorse or otherwise be or become directly or contingently liable for obligations of any person.

Guaranty Obligations. The Credit Parties will not, directly or indirectly, enter into or otherwise become or be liable in respect of any Guaranty Obligations other than (a) those in favor of the Administrative Agent or the Lenders in connection herewith, and (b) Guaranty Obligations by the Credit Parties and their Subsidiaries with respect to Indebtedness permitted under Section 7.1 (except, as regards Indebtedness under subsection (b) thereof, only if and to the extent such Indebtedness was guaranteed on the Closing Date).

Guaranty Obligations. If on or any time after the Guarantied Value Date, whether as a result of an Uncured Casualty Loss or otherwise, the Equalized Value of the Property is less than the Guarantied Value (each a “Shortfall Event”), then Developer shall owe the City an amount equal to the difference between (a) the Tax Increment the City otherwise would have received on the Property if the Property’s Equalized Value equaled the Guarantied Value, and (b) the Tax Increment received by the City in the year a Shortfall Event occurs (such difference between (a) and (b) being referred to herein as the “Tax Increment Shortfall”). If a Tax Increment Shortfall is owed to the City, then unless and until the Equalized Value of the Property increases to at least the Guarantied Value, for each January 1 following a Shortfall Event, that the Equalized Value of the Property is less than the Guarantied Value, Developer shall pay to the City an amount equal to the Tax Increment Shortfall for such calendar year. If and when the Equalized Value of the Property as of any January 1 is equal to or greater than the Guarantied Value: (i) the Default related to non-compliance with the Guarantied Value requirement shall be deemed cured, (ii) no further January 1 assessment valuations shall occur or be required, and (iii) no Tax Increment Shortfall payment obligation shall be incurred for such year or any year thereafter, unless a new Shortfall Event occurs. If a Tax Increment Shortfall continues through the closing of the District, no further Equalized Value assessment calculations shall occur and no further Tax Increment Shortfall payment obligations of Developer shall arise after the District is closed. ▇▇▇▇▇▇▇▇▇ agrees that it shall not, and hereby waives any right to, during the life of the District, challenge the assessed value of the Property.

Guaranty Obligations. Any Guarantor shall default in the performance or observance of its guarantee hereunder, or such guarantee for any reason whatsoever shall cease to be a valid and binding obligation of any such Guarantor, or any such Guarantor shall so assert.

Guaranty Obligations. The Borrower will not, nor will it permit any Subsidiary to, enter into or otherwise become or be liable in respect of any Guaranty Obligations (excluding specifically therefrom endorsements in the ordinary course of business of negotiable instruments for deposit or collection) other than (i) those in favor of the Lenders in connection herewith, and (ii) Guaranty Obligations by the Borrower or its Subsidiaries of Indebtedness permitted under Section 6.1(b) and Section 6.1(g) (except, as regards Indebtedness under Section 6.1(b) thereof, only if and to the extent such Indebtedness was guaranteed on the Closing Date).

Guaranty Obligations. The Company will not, nor will it permit any of its Subsidiaries to contract, create, incur, assume or permit to exist any Guaranty Obligation other than: (i) Guaranty Obligations with respect to the Obligations; (ii) Guaranty Obligations constituting part of the PAI Basket; (iii) Guaranty Obligations constituting Priority Debt permitted pursuant to Section 6.12(i); (iv) Guaranty Obligations constituting part of the Joint Venture Basket; and (v) Guaranty Obligations of any Guarantor with respect to any Private Placement Indebtedness; (vi) Guaranty Obligations of any Subsidiary with respect to any letter of credit that is issued by a Lender or any Affiliate of a Lender for the account of any Borrower; (vii) Repurchase obligations in an aggregate amount at any time outstanding not to exceed $1,000,000,000 of the Company and its Subsidiaries in connection with Receivables Securitization Transactions; and (viii) Other Guaranty Obligations of the Company and its Subsidiaries in an aggregate amount not to exceed $250,000,000.

Guaranty Obligations. 76 Section 6.4

Guaranty Obligations. 73 Section 6.4 Nature of Business ........................................ 73 Section 6.5 Consolidation, Merger, Sale or Purchase of Assets, etc. ... 74 Section 6.6 Advances, Investments and Loans ........................... 75 Section 6.7 Transactions with Affiliates .............................. 75 Section 6.8 Ownership of Subsidiaries; Restrictions ................... 75 Section 6.9 Fiscal Year; Organizational Documents; Material Contracts . 75 Section 6.10 Limitation on Restricted Actions .......................... 76 Section 6.11