GUARANTY TERM Sample Clauses

GUARANTY TERM. The guaranty term hereunder is two years from the contract validity date to expiration of debts fulfillment validity under the master contract. Once Party A agrees with the debt extension validity, the guaranty term is two years from the guaranty term and expiration date of debts fulfillment validity re-stipulated by the extension agreement; once Party B announces in-advanced maturity of debts according to the master contract, the guaranty term is two years from the guaranty term to in-advanced maturity date of debts announced by Party B; in case of debts fulfillment by installment under the master contract, the guaranty term for each stage debts is two years after the expiration date of the last phase of debts fulfillment validity.

GUARANTY TERM. The guaranty term hereunder shall be from the effective date hereof to two years after expiration of the credit extension within the credit term under the Master Contract. During the guaranty term, if Party A transfers its creditor’s right to any third party de jure, Party B shall continue to bear guaranty liability within the original scope of guaranty.

GUARANTY TERM. The term of this Guaranty (the "Guaranty Term") shall be the period commencing on the Effective Date and ending on the earliest to occur of: 1. the first date on which the Aggregate Amount Funded equals the Guaranty Funding Limit; 2. the date the Guaranty Funding Limit equals zero; 3. the date on which the last of the Leases terminates pursuant to the terms thereof, other than a termination due to an Event of Default by Tenant (except that Rent accrued up to the date of such termination and unpaid shall be and remain guaranteed amounts hereunder until paid); and 4. the date of a transfer of the Leases to a Permitted Third-Party Assignee pursuant to Section 16.1 of the Leases.

GUARANTY TERM. The term of this Guaranty (the “Guaranty Term”) shall be the period commencing on the Effective Date and ending on the earliest to occur of: 1. the first date on which the Aggregate Amount Funded equals the Guaranty Funding Limit; 2. the date the Guaranty Funding Limit equals zero; 3. the date on which the last of the Leases terminates pursuant to the terms thereof, other than a termination due to an Event of Default by Tenant (except that Rent accrued up to the date of such termination and unpaid shall be and remain guaranteed amounts hereunder until paid); and 4. the date of a transfer of the Leases to a Permitted Third-Party Assignee pursuant to Section 16.1 of the Leases. Notwithstanding the foregoing, a termination of this Guaranty in accordance with (1) or (2) above shall become null and void and this Guaranty shall recommence on any date that an Equity Event occurs after such termination (such Equity Event, a “Triggering Equity Event”); provided, that the sum of (i) the initial Guaranty Funding Limit; (ii) the Triggering Equity Event and (iii) all other Equity Events and Triggering Equity Events hereunder does not exceed $9,999,999; provided, further, that the Guaranty shall at all times be subject to the Guaranty Funding Limit.

GUARANTY TERM. A. The term of this Guaranty (the “Guaranty Term”) shall be the period commencing on the Effective Date and ending on the earliest to occur of: 1. the first date on which the Aggregate Amount Funded equals the Guaranty Funding Limit, subject to the provisions of Section 3.C below; 2. December 31, 2006; 3. the date on which any Transfer of the fee interest in the Hotel Property occurs to any Person that is not an Affiliate of CNL, or any other Transfer of the Hotel Property occurs in violation of Section 15 of the Hotel Lease; 4. the date on which Landlord is a Person which is not an Affiliate of CNL, or any sale, assignment, transfer or other disposition, for value or otherwise, voluntary or involuntary, by merger, operation of law or otherwise, in a single transaction or a series of transactions, of any interest in Landlord or any Person having an interest, directly or indirectly, in Landlord, occurs in violation of Section 15 of the Hotel Lease; or 5. the date on which a termination of the Hotel Lease occurs pursuant to the terms of the Hotel Lease, other than a termination due to an Event of Default by Tenant (except that Minimum Rent and applicable Late Charges accrued up to the date of such termination and unpaid shall be and remain guaranteed amounts hereunder until paid). B. To confirm that the Aggregate Amount Funded equals or exceeds the Guaranty Funding Limit, Guarantor shall send a notice (the “Guaranty Funding Limit Notice”) to Landlord, which notice shall include (a) a certificate of an officer of Guarantor affirming the accuracy and completeness of the Aggregate Amount Funded determination of Guarantor, and (b) a copy of the calculation of the Aggregate Amount Funded determination of Guarantor. Landlord, at its sole cost and expense (except as provided hereinbelow), shall be entitled to perform an independent audit to confirm the accuracy of any such determination submitted by Guarantor, provided Landlord provides notice to Guarantor of its intent to perform such audit within ninety (90) days after Guarantor’s giving of the Guaranty Funding Limit Notice to Landlord. If Landlord timely notifies Guarantor of its intent to audit, such audit shall be commenced not later than ninety (90) days after Landlord’s giving of notice of its intent to audit to Guarantor, and completed within a commercially reasonable period of time thereafter; provided, however, that Landlord shall have such longer period to complete such audit as may be reasonably require...

GUARANTY TERM. The “Guaranty Term” shall refer to the period of time that the ADNR has any interest in the ADNR CD (and any proceeds, replacements, or income from the same), whether via the ADNR Pledge or otherwise.

GUARANTY TERM. Guarantor's obligations hereunder shall be limited to Guaranteed Rent accruing during a period commencing on the commencement of each of an Existing Lease and shall continue in effect as set forth below: (a) The Guaranty Term (the "Guaranty Term") shall be the period commencing on the Effective Date and ending on the later to occur of: (i) the date on which the last Existing Lease becomes a Converted Lease; or (ii) the last day of the "Guaranty Term" as defined in that certain Guaranty from Guarantor to HPT TRS MI-135, INC. of even date herewith (the "Priorities Guaranty"). (b) Notwithstanding any term or provision to the contrary contained herein, this Guaranty shall terminate in its entirety on the occurrence of a transfer of any interest in any property subject to an Existing Lease by Landlord to a Person who meets any one or more of the criteria set forth in Section 15.1(i) through (iv) of the Existing Leases. Within fifteen (15) Business Days of its receipt of a written request therefor from Landlord, Guarantor agrees that it will advise Landlord in writing whether or not Guarantor would declare this Guaranty terminated due to the occurrence of an event set forth hereinabove. Any such written request from Landlord must contain such information as may be reasonably necessary for Guarantor to determine if such event would occur, including all information necessary for Guarantor to determine if any of the events set forth in Section 15.1(i) through (iv) of the Existing Leases would occur.

GUARANTY TERM. (a) The Guaranty Term (the "Guaranty Term") shall be the period commencing on the Effective Date and ending on the earlier to occur of: (i) the date on which the Aggregate Amount Funded by Guarantor as of such date equals or exceeds the Guaranty Limit; or (ii) the last day of the first Tenant's First Priority Coverage Period for which Tenant's First Priority Coverage equals or exceeds 1.3; or (iii) 11:59 p.m. on December 31, 2005. (b) To confirm that the Aggregate Amount Funded by Guarantor hereunder equals or exceeds the Guaranty Limit, Guarantor shall send a notice (the "Guaranty Limit Notice") to Tenant which notice shall include (a) a statement from Guarantor's independent outside auditor affirming that such auditor has reviewed the Aggregate Amount Funded determination of Guarantor and has found no material errors or omissions therein, (b) a certificate of an officer of Guarantor affirming the accuracy and completeness of Aggregate Amount Funded determination of Guarantor, and (c) a copy of the calculation of the Aggregate Amount Funded determination of Guarantor. Tenant, at its sole cost and expense (except as provided hereinbelow), shall be entitled to perform an independent audit to confirm the accuracy of any such determination submitted by Guarantor, provided Tenant provides notice to Guarantor of its intent to perform such audit within ninety (90) days after Guarantor's giving of the Guaranty Limit Notice to Tenant. If Tenant timely notifies Guarantor of its intent to audit, such audit shall be commenced not later than ninety (90) days after Tenant's giving of notice of its intent to audit to Guarantor, and completed within a commercially reasonable period of time thereafter, provided, however, that Tenant shall have such longer period to complete such audit as may be reasonably required as a result of Guarantor's or its Affiliates' failure or delay in cooperating as reasonably requested by Tenant in connection with such audit. If such independent audit establishes that the Aggregate Amount Funded by Guarantor did not equal or exceed the Guaranty Limit, the Guaranty Term shall not end pursuant to clause (i) of this Section 3, but shall continue, subject nevertheless to all of the terms and conditions hereof (including without limitation this Section 3) and, unless such Guaranty Term Notice was inaccurate due to incorrect or incomplete material provided by Tenant, the reasonable third-party costs of such audit shall be borne by Guarantor. (c) To ...