New Guarantor. New Guarantor represents and warrants to Lender, as of the date of this Assumption Agreement, that:
New Guarantor. The Tenant will notify the Landlord within 20 Business Days if the Guarantor becomes Insolvent or any Guarantor being an individual (or if individuals any one of them) dies or lacks capacity for the purposes of section 2 of the Mental Capacity Act 2005. In any such case, if the Landlord requires, the Tenant will procure that within two months of such requirement some other person reasonably acceptable to the Landlord executes as a deed a guarantee in the terms of schedule 1 with such amendments as the Landlord reasonably requires.
New Guarantor. The guarantee provisions in this sublease are stronger than most tenants would like. ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ . ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ .
New Guarantor. Within 14 days of the death during the Term of any Guarantor or of such person becoming bankrupt or having a receiving order made against him or having a receiver appointed under the Mental Health Axx 0000 or being a company passing a resolution to wind up or enter into liquidation or having a receiver to give notice of this to the Landlord and if so required by the Landlord at the expense of the Tenant within 28 days to produce some other person acceptable to the Landlord to execute a guarantee in respect of the Tenant’s obligations contained in this Lease in the form of the Guarantor’s covenants contained in this Lease
New Guarantor. If a Guarantor becomes Insolvent or dies or has a receiver appointed under the Mental Health Xxx 0000, the Tenant will (if the Landlord so reasonably requires):
New Guarantor. Within 14 days of the death during the Term of any Guarantor or of such person becoming bankrupt or having a receiving order made against him or having a receiver appointed under the Mental Health Xxx 0000 or being a company passing a resolution to wind up or entering into liquidation or having a receiver appointed to give notice of this to the Landlord and if so required by the Landlord at the expense of the Tenant within 28 days to procure some other person acceptable to the Landlord such acceptance not to be unreasonably withheld to execute a guarantee in respect of the Tenant s obligations contained in this Lease in the form of the Guarantor s covenants contained in this Lease
New Guarantor. Within twenty working days of the death during the Term of any person who has or shall have guaranteed to the Landlord the Tenant's obligations contained in this Lease or of such person becoming bankrupt or having a Receiving Order made against him or being a Company passing a Resolution to wind up or entering into liquidation or having a receiver or administrative receiver appointed then to give notice thereof to the Landlord and if so required by the Landlord at the expense of the Tenant within three months to procure some other person sufficient in the reasonable opinion of the Landlord to execute a guarantee in respect of the Tenant's obligations contained in this Lease in the form set out in the Fifth Schedule
New Guarantor. If any person who enters into covenants with the Landlord in accordance with this Part Eight dies or makes a return or reduction of capital or is dissolved or becomes Insolvent, the Tenant will give notice of the event to the Landlord within 14 days of it happening. If required by the Landlord, the Tenant will arrange within 28 days of such requirement for some other person acceptable to the Landlord (acting reasonably) to covenant by deed with the Landlord in the terms (with changes where appropriate) of clause 35.
New Guarantor. New Guarantor hereby agrees to be a Guarantor (as such terms in defined in the Indenture) under the Indenture and to be bound by the terms of the Indenture applicable to the Guarantors, including Article 10 thereof (such Note Guarantee, the “New Guarantee”). The New Guarantee shall be automatically and unconditionally released and discharged, and no further action by the New Guarantor, the Company, the Holders or the Trustee shall be required for the release of the New Guarantee, upon (i) the occurrence of any of the events set forth in Section 10.06(a) of the Indenture or (ii) the delivery by the Company of an Officer’s Certificate to the Trustee stating that the Company elects to terminate the New Guarantee. At the request of the Company, the Trustee shall execute and deliver any documents reasonably required in order to evidence such release, discharge and termination in respect of the New Guarantee.
New Guarantor. Pyxis Tankers shall enter into a guarantee in form reasonably acceptable to the lender of the Pyxis Lamda Loan Agreement as replacement for the existing guarantee issued by Pyxis Maritime Corp. in connection with the Pyxis Lamda Loan Agreement.
