Letter of Guaranty Sample Clauses

Letter of Guaranty. Letter of Guaranty No. --- (Cairo 200--) EGYPTIAN MIUNERAL RESOURCES AUTHORITY (EMRA). Gentlemen, The undersigned, National Bank of Egypt (or any bank operating in A.R.E. under the supervision of the Central Bank of Egypt and that has credit rating not less than that of A.R.E) as Guarantor, hereby guarantees to the EGYPTIAN MIUNERAL RESOURCES AUTHORITY (hereinafter referred to as “EMRA”) to the limit of ----------------------- U.S. Dollars ($ --------), the performance by “------------------------ ---“ (hereinafter referred to as “Company”) of its obligations required for Exploration operations to spend a minimum of ---------------- million U.S. Dollars ($------------------) during the initial two (2) year of the Exploration period under the Mining Exploration Agreement (hereinafter referred to as the “Agreement”) covering ----------------- Area---------------------- described in Annexes “A-1” of said Agreement, by and between the EMRA and THE Company, dated ------- . It is understood that this Guaranty and the liability of the Guarantor hereunder shall be valid for the term of the Mining Exploration Agreement plus six (6) months. In the event of a claim by EMRA of non-performance or surrender of the Agreement on the part of the Company prior to fulfilment of said minimum expenditure obligations under said Agreement, there shall be no liability on the undersigned Guarantor for payment to EMRA unless and until such liability has been established by written statement of EMRA setting forth the amount due under the Agreement. It is a further condition of this Letter of Guaranty that:
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Letter of Guaranty. The Borrower will not permit the aggregate Principal Balance of the Receivables with respect to which the Borrower has accepted a guaranty of delivery of the certificate of title from an Originator to exceed $250,000 at any one time.
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Letter of Guaranty. 3. Original sales contract/security agreement evidencing the Receivable signed by Obligor and the original of any assumption agreement or any modification, extension or refinancing agreement
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Letter of Guaranty. Upon execution of the Agreement, Concessionaire shall provide a Letter of Guaranty of Performance from The Dial Group, as Guarantor, in form and substance identical to Exhibit 6.2 attached hereto and made a part hereof. Guarantor agrees and acknowledges it has read this Agreement and fully understand the nature of this guaranty obligations herein.
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Letter of Guaranty. Not later than ten (10) days before the end ------------------- of the Due Diligence Period, Seller shall provide Buyer with a Letter of Guaranty whereby Regent Carolina Corporation guarantees for a period of one year following the Closing any post-closing liability of Seller to Buyer under this Agreement. In addition, Seller shall provide a similar Letter of Guaranty from Regent Corporation which will become applicable only in the event a substantial portion of the assets of Regent Carolina Corporation are sold or transferred within the year following Closing. During the Due Diligence Period Buyer shall satisfy itself concerning the financial strength of the aforementioned guarantors.
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Related to Letter of Guaranty

  • Release of Guaranty The Note Guaranty of a Guarantor will terminate upon

  • AMENDMENT OF GUARANTY No term or provision of this Guaranty shall be amended, modified, altered, waived or supplemented except in a writing signed by Guarantor and Counterparty.

  • 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.

  • Reaffirmation of Guaranty The Guarantors hereby ratify and affirm all of the terms, covenants, conditions and obligations of the Guaranty and acknowledge and agree that the term “Obligations” as used in the Guaranty shall apply to all of the Obligations of Seller to Buyer under the Repurchase Agreement, as amended hereby.

  • DURATION OF GUARANTY This Guaranty will take effect when received by Lender without the necessity of any acceptance by Lender, or any notice to Guarantor or to Borrower, and will continue in full force until all Obligations incurred, committed, or contracted before receipt by Lender of any notice of revocation shall have been fully and finally paid and satisfied and all other obligations of Guarantor under this Guaranty shall have been performed in full. If Guarantor elects to revoke this Guaranty, Guarantor may only do so in writing. Guarantor’s written notice of revocation must be delivered to Lender at the address of Lender listed below or such other place as Lender may designate in writing. This Guaranty may be revoked only with respect to the Obligations incurred or contracted by Borrower, or acquired or committed to by Lender after the date on which written notice of revocation is actually received by Lender. No notice of revocation hereof shall be effective as to any Obligations: (a) existing at the date of receipt of such notice; (b) incurred or contracted by Borrower, or acquired or committed to by Lender, prior to receipt of such notice; (c) now existing or hereafter created pursuant to or evidenced by the Loan Agreement or a commitment in existence prior to receipt of such notice under which Borrower is or may become obligated to Lender; or (d) renewals, extensions, consolidations, substitutions, and refinancings of the foregoing. Guarantor waives notice of revocation given by any other guarantor of the Obligations. If Guarantor is an individual, this Guaranty shall bind the estate of Guarantor as to Obligations created both before and after the death or incapacity of Guarantor, regardless of Lender’s actual notice of Guarantor’s death or incapacity. Subject to the foregoing, Guarantor’s executor or administrator or other legal representative may revoke this Guaranty in the same manner in which Guarantor might have revoked it and with the same effect. Release of any other guarantor of the Obligations, or termination or revocation of any other guaranty of the Obligations, shall not affect the liability of Guarantor under this Guaranty. Notwithstanding any provision to the contrary, it shall be an Event of Default under the Loan Agreement if Guarantor revokes, or disputes the validity of or liability under, this Guaranty or any of the Loan Documents. It is anticipated that fluctuations may occur in the aggregate amount of the Obligations covered by this Guaranty, and it is specifically acknowledged and agreed by Guarantor that reductions in the amount of the Obligations, even to zero dollars shall not constitute a termination of this Guaranty.

  • Scope of Guaranty (a) Guarantor hereby absolutely, unconditionally and irrevocably guarantees to Lender each of the following:

  • 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.

  • 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.

  • Limitation of Guaranty Any term or provision of this Guaranty or any other Loan Document to the contrary notwithstanding, the maximum aggregate amount for which any Guarantor shall be liable hereunder shall not exceed the maximum amount for which such Guarantor can be liable without rendering this Guaranty or any other Loan Document, as it relates to such Guarantor, subject to avoidance under applicable Requirements of Law relating to fraudulent conveyance or fraudulent transfer (including the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act and Section 548 of title 11 of the United States Code or any applicable provisions of comparable Requirements of Law) (collectively, “Fraudulent Transfer Laws”). Any analysis of the provisions of this Guaranty for purposes of Fraudulent Transfer Laws shall take into account the right of contribution established in Section 2.3 and, for purposes of such analysis, give effect to any discharge of intercompany debt as a result of any payment made under the Guaranty.

  • FORM OF GUARANTY If there are to be any Guarantors of this Lease per Paragraph 1.11, the form of the guaranty to be executed by each such Guarantor shall be in the form most recently published by the American Industrial Real Estate Association, and each such Guarantor shall have the same obligations as Lessee under this lease, including but not limited to the obligation to provide the Tenancy Statement and information required in Paragraph 16.

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