461 Loan Guaranty Clause Examples for Any Agreement

A Loan Guaranty clause establishes that a third party, known as the guarantor, promises to fulfill the borrower’s obligations if the borrower defaults on a loan. Typically, this clause outlines the scope of the guarantor’s responsibility, such as covering missed payments or the entire outstanding loan balance, and may specify conditions under which the guaranty is triggered. Its core practical function is to provide additional security to the lender by ensuring that the loan will be repaid even if the original borrower is unable to meet their obligations, thereby reducing the lender’s risk.
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Loan Guaranty. Each Loan Guarantor hereby agrees that it is jointly and severally liable for, and, as primary obligor and not merely as surety, and absolutely and unconditionally and irrevocably guarantees to the Administrative Agent for the ratable benefit of the Secured Parties the full and prompt payment upon the failure of any Borrower to do so, when and as the same shall become due, whether at stated maturity, upon acceleration or otherwise, and at all times thereafter, of the Secured Obligations (collectively the “Guaranteed Obligations”). Each Loan Guarantor further agrees that the Guaranteed Obligations may be extended or renewed in whole or in part without notice to or further assent from it, and that it remains bound upon its guarantee notwithstanding any such extension or renewal. If any or all of the Guaranteed Obligations becomes due and payable hereunder, each Loan Guarantor, unconditionally and irrevocably, promises to pay such Guaranteed Obligations to the Administrative Agent and/or the other Secured Parties, on demand, together with any and all expenses which may be incurred by the Administrative Agent and the other Secured Parties in collecting any of the Guaranteed Obligations, to the extent reimbursable in accordance with Section 9.03. Each Loan Guarantor unconditionally and irrevocably guarantees the payment of any and all of the Guaranteed Obligations to the Secured Parties whether or not due or payable by any Borrower upon the occurrence of any of the Events of Default specified in Sections 7.01(f) or 7.01(g), and in such event, irrevocably and unconditionally promises to pay such indebtedness to the Secured Parties, on demand, in lawful money of the United States.
Loan Guaranty. Each of QM and BTI hereby agrees to guarantee for three years one-half of a $200,000 working capital line of credit from Silicon Valley Bank, or a comparable financial institution acceptable to the Board of Directors of MSI. The liability of QM and BTI is to be several as to one-half of the aggregate amount of the line of credit, and not joint and several. If MSI has not pursued such line of credit and caused to be presented to each of QM and BTI the requisite documents to guarantee such line of credit by December 31, 1997, then neither of QM nor BTI shall have an obligation to guarantee any such line of credit. Each of QM and BTI hereby agrees to provide such financial statements and other information as is reasonably required by the financial institution to facilitate the issuance of such a line of credit to MSI.
Loan Guaranty. Loan guaranty subject to this agreement is mortgage, and the guaranty agreement shall be signed additionally with No. But for maximum amount guaranty, the guaranty agreement No. shall be Di Ya 1408411C2112000.
Loan Guaranty. 87 Section 3.01 Guaranty .................................................................................................... 87 Section 3.02
Loan Guaranty. That certain Loan Guaranty to be effective the Commencement Date executed and delivered by Loan Guarantors to MPT Development Services in connection with the Loans.
Loan Guaranty. The syndicate loan provided under this Agreement is working capital loan, which is severally and jointly guaranteed by Daqo Group Co., Ltd. which is the de facto controller of the Borrower, and Xxxxxxx Xx and Xxxxx Xx in the capacity as individuals.
Loan Guaranty the Loan Guaranty shall fail to remain in full force or effect or any action shall be taken to discontinue or to assert the invalidity or unenforceability of the Loan Guaranty, or any Guarantor shall fail to comply with any of the terms or provisions of the Loan Guaranty to which it is a party, or any Guarantor shall deny that it has any further liability under the Loan Guaranty to which it is a party, or shall give notice to such effect;
Loan Guaranty. Section 12.1 (Loan Guaranty) of the Senior Secured Credit Agreement is hereby incorporated into this Agreement, mutatis mutandis, as a part hereof for all purposes.
Loan Guaranty. Section 10.01