New Guaranty Clause Samples
The "New Guaranty" clause establishes the obligation of a guarantor to provide a fresh or additional guarantee, typically in situations where the original guarantee is no longer valid or sufficient. In practice, this clause may require the guarantor to execute a new guarantee agreement if the underlying obligations change, such as when a loan is refinanced or extended. Its core function is to ensure continuous and adequate security for the beneficiary, addressing potential gaps in coverage and maintaining the enforceability of the guaranty throughout the life of the underlying obligation.
New Guaranty. In the event that (a) any Transaction Document is rejected by a trustee or debtor-in-possession in any bankruptcy or insolvency proceeding involving the Borrower or (b) any Transaction Document or this Guaranty is terminated as a result of any bankruptcy or insolvency proceeding involving the Borrower and, if within sixty (60) days after such rejection or termination, the Lender or its designee shall so request and shall certify in writing to the Guarantors that it intends to perform the Obligations of the Borrower as and to the extent required under such Transaction Document or this Guaranty, as applicable, the Guarantors will, unless prohibited by bankruptcy or other applicable law, execute and deliver to the Lender or such designee, a new guaranty that shall contain the same conditions, agreements, terms, provisions and limitations as this Guaranty (except for any requirements which have been fulfilled by the Borrower and the Guarantors prior to such rejection or termination). Sincerely yours,
New Guaranty. (a In the event that (i) any Lease Document is rejected by a trustee or debtor-in-possession in any bankruptcy or insolvency proceeding involving the Lessee or (ii) any Lease Document is terminated as a result of any bankruptcy or insolvency proceeding involving the Lessee and, if within sixty (60) days after such rejection or termination, the Lessor or its designee shall so request and shall certify in writing to the Lessee that it intends to perform the obligations of the Lessor as and to the extent required under such Lease Document, the Guarantor will, unless prohibited by bankruptcy or other applicable law, execute and deliver to the Lessor or such designee, concurrently with the delivery by Lessor or such designee of a new Lease Document that contains the same conditions, agreements, terms, provisions and limitations as such original Lease Document, a new Guaranty that shall contain the same conditions, agreements, terms, provisions and limitations as such original Guaranty (except for any requirements which have been fulfilled by the Lessee and the Guarantor prior to such rejection or termination). References in this Guaranty to such "LEASE DOCUMENT" shall be deemed also to refer to such new Lease Document.
(b In the event that upon written request by the Lessor to the Lessee given on or after any foreclosure, trustee sale or conveyance in lieu thereof of a Property (as defined in the Lease Documents), the owner of the Property, as landlord, and the Lessee, as tenant, execute a lease of the Property containing all of the same terms, provisions, options and conditions as are contained in the Lease Documents, which lease shall be for the unexpired portion of the term of the Lease Documents, as to such Property, then upon written request by Lessor to Guarantor relating to the execution by Lessee of a new Ground Lease or Facilities Lease (as those terms are defined in the Lease Documents), the Guarantor hereby agrees to execute a new Guaranty that shall contain the same conditions, agreements, terms, provisions and limitations as this Guaranty (except for any requirements which have been fulfilled by the Lessee and the Guarantor prior to such rejection or termination) in form and substance substantially equivalent to this Guaranty which shall relate to such new lease.
New Guaranty. On the date of execution of this Agreement, New Borrower will cause New Guarantor to execute and deliver to Lender the current Freddie Mac form of Guaranty – Multistate – Assumption and Transfer of Interest in Borrower (For Use With Pre-Loan Agreement Forms) (“Guaranty”) under which New Guarantor guarantees the full and punctual payment and performance, when due, of certain obligations of Borrower in connection with the Loan, as more fully set forth in the Guaranty.
New Guaranty. Concurrently with the execution of this Amendment, Tenant shall cause Vireo Health International, Inc., a British Columbia, Canada corporation (the “New Guarantor”), to execute and deliver to Landlord a guaranty in the form attached as Exhibit A to this Amendment (the “New Guaranty”). From and after the date of this Amendment, all references in the Existing Lease to a “Guarantor” or the “Guarantors” shall include the New Guarantor and all references to a “Guaranty” or the “Guaranties” shall include the New Guaranty.
New Guaranty. Not applicable.
New Guaranty. In the event that (i) any Credit Document is rejected by a trustee or debtor-in-possession in any bankruptcy or insolvency proceeding involving the Borrower or the Lessee or (ii) any Credit Document or this Guaranty is terminated as a result of any bankruptcy or insolvency proceeding involving the Borrower or the Lessee and, if within sixty (60) days after such rejection or termination, the Agent or its designee shall so request and shall certify in writing to the Guarantor that it intends to perform the obligations of the Borrower as and to the extent required under such Credit Document or this Guaranty, as applicable, the Guarantor will, unless prohibited by bankruptcy or other applicable law, execute and deliver to the Agent or such designee, concurrently with the delivery by the Lessor or such designee of a new Lease Document that contains the same conditions, agreements, terms, provisions and limitations as such original Lease Document, a new Guaranty that shall contain the same conditions, agreements, terms, provisions and limitations as such original Guaranty (except for any requirements which have been fulfilled by the Borrower and the Guarantor prior to such rejection or termination).
New Guaranty. In order to induce the Bank to enter into this Amendment and to amend the Loan Agreement as provided herein, the Borrower is causing the Pledgors to execute and deliver to the Bank concurrently herewith a joint and several guaranty of all of the Borrower’s Obligations to the Bank.
New Guaranty. The New Century Guaranty, duly executed and delivered by a duly authorized officer of New Century Financial Corporation, a Maryland corporation (f/k/a New Century REIT, Inc., a Maryland corporation).
New Guaranty. Exhibit H-4 New Lease ......................................................................................................................................51 NY DOH ........................................................................................................................................56 OFAC .............................................................................................................................................55 OTA .................................................................................................................................Exhibit L-1 Other Landlord Expenses .................................................................................................................6 Patient Information ..........................................................................................................Exhibit C-1 Penalty ..............................................................................................................................................5
New Guaranty. In the event that (a) any Loan Document is rejected by a trustee or debtor-in-possession in any bankruptcy or insolvency proceeding involving the Borrowers or (b) any Loan Document or this Guaranty is terminated as a result of any bankruptcy or insolvency proceeding involving the Borrowers and, if within sixty (60) days after such rejection or termination, the Administrative Agent or its designee shall so request and shall certify in writing to the Guarantors that it intends to perform the obligations of the Borrowers as and to the extent required under such Loan Document or this Guaranty, as applicable, the Guarantors will, unless prohibited by bankruptcy or other applicable law, execute and deliver to the Administrative Agent or such designee, a new Guaranty that shall contain the same conditions, agreements, terms, provisions and limitations as such original Guaranty (except for any requirements which have been fulfilled by the Borrowers and the Guarantors prior to such rejection or termination). Sincerely yours, GUARANTORS: Credit Agreement – Exhibit “A” Page 11 of 16 Credit Agreement – Exhibit “A” Page 12 of 16 By: ▇▇▇▇ ▇▇▇▇▇▇, Vice President By: AccuMed Genpar, L.L.C., its General Partner By: ▇▇▇▇ ▇▇▇▇▇▇, Vice President Credit Agreement – Exhibit “A” Page 13 of 16 By: GM Ventures, LLC, its General Partner By: ▇▇▇▇ ▇▇▇▇▇▇, Vice President By: Amedisys Health Management, L.L.C., its General Partner By: ▇▇▇▇ ▇▇▇▇▇▇, Vice President By: M2 Ventures, L.L.C., its General Partner By: ▇▇▇▇ ▇▇▇▇▇▇, Vice President By: MC Ventures, LLC, its General Partner By: ▇▇▇▇ ▇▇▇▇▇▇, Vice President By: Brookside Home Health, LLC, its General Partner By: ▇▇▇▇ ▇▇▇▇▇▇, Vice President