Security; Guaranty Sample Clauses
The 'Security; Guaranty' clause establishes that a party provides collateral or a guarantee to secure its obligations under the agreement. In practice, this may involve pledging assets, providing a third-party guarantor, or otherwise ensuring that the other party has recourse if obligations are not met. This clause serves to reduce the risk of non-performance by offering additional assurance that commitments will be fulfilled, thereby protecting the interests of the party receiving the security or guarantee.
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Security; Guaranty. The LESSEE’S obligations to post and maintain a Security Deposit under Section 5 of the original Lease shall also be required during the Extended Term.
Security; Guaranty. The Indenture is hereby amended and supplemented by the addition of the following Article 13:
Security; Guaranty. The Company's obligations under the Convertible Notes will be secured by the collateral set forth in that certain Security Agreement (the "SECURITY AGREEMENT") dated as of the Closing Date between the Company and Harris Toibb ("TOIBB") as Agent for himself and the other purcha▇▇▇▇ ▇▇ ▇▇▇ Con▇▇▇▇▇ble Notes, in the form attached hereto as EXHIBIT C, and guaranteed pursuant to the Guaranty made by the Guarantors (as defined in the Guaranty) in favor of Toibb as Agent for himself and the other purchasers of the Convertible Notes, in the form attached hereto as EXHIBIT D.
Security; Guaranty. Subject to the provisions of the Indenture, Navient Corporation hereby fully, irrevocably and unconditionally guarantees, jointly and severally, on an unsecured basis, the full and punctual payment (whether at the date of maturity, upon redemption, purchase pursuant to an offer to purchase or acceleration, or otherwise) of the principal of, premium, if any, and interest on, and all other amounts payable under, each Security, and the full and punctual payment of all other amounts payable by the Successor Company under the Indenture. Upon failure by the Successor Company to pay punctually any such amount, the Guarantor shall forthwith on demand pay the amount not so paid at the place and in the manner specified in the Indenture.
Security; Guaranty. This Note is secured by the Mortgages. This Note is guaranteed by the Unconditional and Continuing Guaranty of Guarantor.
Security; Guaranty. This Note is secured by certain Security Documents (which documents, together with any other instrument securing this Note and as may be amended from time to time, are hereinafter collectively referred to as the “Security Documents”) including without limitation a Security Agreement dated as of the date hereof between Borrower and Lender and a Pledge Agreement dated as of the date hereof between Guarantor and Lender. This Note is entitled to all of the benefits of the Security Documents, and specific reference is hereby made to such instruments for all purposes. In addition Lender shall benefit from a Guaranty dated the date hereof (the “Guaranty” and together with this Note and the Security Documents, the “Loan Documents”) by US Dry Cleaning Corporation (the “Guarantor”).
Security; Guaranty. The Company’s obligations under this Debenture are secured by a first priority lien on all finished goods inventory and accounts receivable of the Company and its Subsidiaries pursuant to a Security Agreement (the “Security Agreement”) by and among, the Company, the Subsidiaries, the holders of the Debentures and Manchester Securities Corp., a New York corporation, as collateral agent. The Company’s obligations under the Purchase Agreement and the Debentures are guaranteed by a Subsidiary pursuant to a guaranty dated as of the date hereof.
Security; Guaranty. AGL Resources Inc. irrevocably and unconditionally guarantees the Obligations of AGL Capital Corporation, a Nevada corporation (the “Company”), under this Note including that the principal of, premium, if any, and interest on this Note shall be promptly paid in full when due, whether at stated maturity, by acceleration, redemption or otherwise. The obligations of AGL Resources Inc. pursuant to this Security Guaranty are expressly set forth in Section 22 of the Note Purchase Agreement, and reference is hereby made thereto for the precise terms of this Security Guaranty. No stockholder, employee, officer, director or incorporator, as such, past, present or future, of AGL Resources Inc. shall have any liability under this Security Guaranty by reason of his or its status as such stockholder, employee, officer, director or incorporator. THE TERMS OF SECTION 22 OF THE NOTE PURCHASE AGREEMENT ARE INCORPORATED HEREIN BY REFERENCE. Capitalized terms used herein have the same meanings given in the Note Purchase Agreement unless otherwise indicated. AGL Resources Inc. By Name: Title: E-1(a)- No. [_____] [Date] $[_______] PPN _________ For Value Received, the undersigned, AGL Capital Corporation (herein called the “Company”), a corporation organized and existing under the laws of the State of Nevada hereby promises to pay to [____________], or registered assigns, the principal sum of [_____________________] Dollars (or so much thereof as shall not have been prepaid) on [___________], 2018 with interest (computed on the basis of a 360-day year of twelve 30-day months) (a) on the unpaid balance hereof at the Applicable Interest Rate per annum from the date hereof, payable on each Interest Payment Date and at maturity, until the principal hereof shall have become due and payable, and (b) to the extent permitted by applicable law, on any overdue payment of interest and, during the continuance of an Event of Default, on such unpaid balance and on any overdue payment of any Make-Whole Amount, at the applicable Default Rate, payable on each Interest Payment Date as aforesaid (or, at the option of the registered holder hereof, on demand). Payments of principal of, interest on and any Make-Whole Amount with respect to this Note are to be made in lawful money of the United States of America at Bank of America, N.A. in New York, New York or at such other place as the Company shall have designated by written notice to the holder of this Note as provided in the Note Purchase Agree...
Security; Guaranty. This Note is secured by the collateral defined in the Security Agreement and by the collateral defined in the Subsidiary Security Agreement. This Note and the obligations hereunder and under the Security Agreement and the Subsidiary Security Agreement are guaranteed by the Subsidiaries of the Company pursuant to the Subsidiary Guaranty.
Security; Guaranty. INVESTORS RIGHTS. The Company's obligations under the Convertible Note will be secured by the collateral set forth in that certain Security and Pledge Agreement (the "DECEMBER SECURITY AGREEMENT") dated as of the Closing Date by and among the Company, the subsidiaries of the Company named therein and ▇▇▇▇▇▇ ▇▇▇▇▇ ("▇▇▇▇▇") as agent for himself and the other purchasers of the Convertible Notes ("AGENT"), in the form attached hereto as EXHIBIT C, and guaranteed pursuant to the Guaranty dated as of the Closing Date (the "DECEMBER GUARANTY") made by the Guarantors (as defined in the December Guaranty) in favor of Toibb as Agent for himself and the other purchasers of the Convertible Notes, in the form attached hereto as EXHIBIT D. The parties hereto, along with certain other entities or individuals, are entering into an Investor Rights Agreement dated the Closing Date (the "INVESTOR RIGHTS AGREEMENT").
