MUTUAL GUARANTEE Sample Clauses

MUTUAL GUARANTEE. 1.1. Both Parties promise to provide each other, within the total mutual guarantee amount and mutual guarantee term stated in this Agreement, with a guarantee for financing from financial institutions.
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MUTUAL GUARANTEE. It is mutually agreed that both the Association's and the Union's participation in this Agreement is based on the guarantee that each will use its best efforts to enforce the terms and conditions hereof upon the parties to this Agreement on all construction work performed by the Employer within the territory covered by this Agreement. ARTICLE 39 ADOPTION OF ADDENDUMS The signatory parties adopt as a part of this Agreement any attached addendums or supplements negotiated between the Oregon and Southern Idaho District Council of Laborers and the Oregon-Columbia Chapter, Associated General Contractors of America.
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MUTUAL GUARANTEE. Pursuant to the Framework Agreement, Tianrui Group, an associate of Chairman Xx, has agreed, during the Term, to provide guarantees, directly by itself or through its subsidiaries, with respect to Tianrui Cement or its subsidiaries, for bank loans to be borrowed and/or debentures or corporate bonds to be issued by any of them (“Tianrui Group Guarantee”). According to the same agreement, Tianrui Cement has agreed, during the Term, to provide guarantees, directly by itself or through its subsidiaries, with respect to Tianrui Group or its subsidiaries (excluding any of its subsidiaries engaged in aluminum-related business) for bank loans to be borrowed and/or debentures or corporate bonds to be issued by any of them (“Tianrui Cement Guarantee”). In the event that the relevant loan, debenture or corporate bond is to be borrowed or issued by any of Tianrui Group’s subsidiaries, Tianrui Group shall provide the primary guarantee to the lenders in respect to the loan, debenture or corporate bond while Tianrui Cement Guarantee shall only be provided as additional credit support. In addition, with respect to such Tianrui Cement Guarantee, Tianrui Group shall enter into an agreement with Tianrui Cement to indemnify Tianrui Cement for any amount that Tianrui Cement would have paid in accordance with the terms and conditions of the Tianrui Cement Guarantee, including the principal amount of the relevant loan, debenture or corporate bond, any interest, fees, damages and enforcement expenses for breach of the loan, debenture or corporate bond. The provision of the guarantee by each party under the Framework Agreement will be subject to the guarantor having fully understood the borrower’s business obligations and financial position, and further in the case of Tianrui Cement Guarantee, the review and approval of a special committee established for monitoring the risk control and management in relation to the Framework Agreement. See the section headed “Risk Management Measures under the Framework Agreement”. No commission shall be paid by Tianrui Cement and Tainrui Group to each other in connection with any of the Guarantees, which the Directors consider is fair and reasonable to the Company and its shareholders on basis set out as follows:
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MUTUAL GUARANTEE. (a) AT&T Wireless absolutely, unconditionally and irrevocably guarantees, as principal and not as surety, to Buyer and its successors and permitted assigns the full and prompt payment and performance by Seller of all of Seller's obligations under, pursuant to or in connection with this Agreement and all Ancillary Documents, including without limitation, the performance by Sellers of all Seller's covenants contained in this Agreement and all of Seller's indemnification obligations pursuant to Article 9 (all such guaranteed obligations, the "SELLER GUARANTEED OBLIGATIONS"). Such guarantee shall apply and survive until all Seller Guaranteed Obligations are performed and satisfied in accordance with the terms of this Agreement and all Ancillary Documents. AT&T Wireless hereby waives any provision of any statute or judicial decision otherwise applicable hereto which restricts or in any way limits the rights of any obligee against a guarantor or surety following a default or failure of performance by an obligor with respect to whose obligations the guarantee is provided. To the fullest extent permitted by applicable Law, AT&T Wireless hereby waives presentment to, demand of payment from and protest of any Seller Guaranteed Obligation, and also waives notice of acceptance of its guarantee and notice of protest for nonpayment. To the fullest extent permitted by applicable Law, the obligations of AT&T Wireless hereunder shall not be affected by (i) the failure of the applicable obligee to assert any claim or demand or to enforce any right or remedy against AT&T Wireless or Seller pursuant to the provisions of this Agreement or otherwise and (ii) any rescission, waiver, amendment or modification of, or any release from any of the terms or provisions of this Section 11.1, unless consented to in writing by Buyer.
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MUTUAL GUARANTEE 
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Related to MUTUAL GUARANTEE

  • Personal Guaranty If the tenant’s business is not credible then the landlord should consider having the tenant sign a Personal Guaranty which binds the owner of the Company to the lease. So if the tenant defaults the individual’s assets would be liable, not just the business. Step 9 – Determine the Security Deposit Once the tenant has been approved by the landlord the Security Deposit should be made known to the tenant. In residential real estate, there are State Laws that limit how much a landlord may ask from the tenant. In commercial real estate, there are no limits to how much the landlord would like to charge the tenant. The landlord will commonly ask between 2-3 months rent in case the tenant stops paying the monthly rent or to safeguard against any damage that the tenant may cause during their time on the property. Step 10 – Write the Commercial Lease Agreement Use an attorney or draft the lease yourself. Make sure to gather all the information about the property and the tenant and enter into the agreement. Once completed, the document should be signed with the tenant and landlord in the presence of a notary public. This way the signatures are proven and the agreement is much more likely to hold up in court if its legality is ever questioned. Step 11 – Taking Occupancy After the security deposit has cleared and the lease has been signed the tenant should take occupancy. This means that the tenant can begin using the space as directed for use in the lease. Both parties will be held accountable for their specified duties until the end of the lease term. Estoppel Certificate – May be requested by the landlord after lease signing to certify a lease exists between the tenant and landlord. Required Clauses American’s with Disability Act (42 U.S. Code § 12183) – Also known as the ‘ADA’, requires that any commercial tenants which offer “public accommodation” (such as a restaurant, retail store, etc.) or have at least fifteen (15) employees adhere to all handicap access rules. This rule is only grandfathered to properties that have not been built or had renovations since 1992. Per 42 U.S. Code § 12183 if the Lessee is using the Premises as a public accommodation (e.g. restaurants, shopping centers, office buildings) or there are more than 15 employees the Premises must provide accommodations and access to persons with disabilities that is equal or similar to that available to the general public. Owners, operators, lessors, and lessees of commercial properties are all responsible for ADA compliance. If the Premises is not in compliance with the Americans with Disability Act any modifications or construction will be the responsibility of the Lessor. Hazard Waste (42 U.S. Code § 6901) – Forces the tenant to sign in writing that they will adhere to any federal, State, or local laws in regards to the disposal of hazardous wastes. “Shall mean any and all federal, state, or local laws, ordinances, rules, decrees, orders, regulations, or court decisions relating to hazardous substances, hazardous materials, hazardous waste, toxic substances, environmental conditions on, under, or about the Premises, the Building, or the Property, or soil and ground water conditions, including, but not limited to, the Comprehensive Environmental Response, Compensation and Liability Act of 1980 (CERCLA), the Resource Conservation and Recovery Act (RCRA), the Hazardous Materials Transportation Act, any other law or legal requirement concerning hazardous or toxic substances, and any amendments to the foregoing.” Other Lease Terms In addition, there may be other areas of the lease, outside of the monthly rent, that the parties may want to negotiate such as: Option to Renew – Use if the tenant would like to have the option to stay in the property for a longer time then they may request an ‘Option to Renew’ the lease. This gives them the right to extend the lease for a specified rental price if they want. Option to Purchase – Use if the tenant would like the option to purchase the property for a specified price during the course of their lease. First (1st)

  • Guarantee The Guarantor irrevocably and unconditionally agrees to pay in full to the Holders the Guarantee Payments (without duplication of amounts theretofore paid by the Issuer), as and when due, regardless of any defense, right of set-off or counterclaim that the Issuer may have or assert. The Guarantor's obligation to make a Guarantee Payment may be satisfied by direct payment of the required amounts by the Guarantor to the Holders or by causing the Issuer to pay such amounts to the Holders.

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