Term and Amount of Guaranty Sample Clauses

Term and Amount of Guaranty a. This Guaranty is made in the amount of Five Hundred Thousand and no/100 Dollars ($500,000.00), which is the full amount of the HTF Loan committed by the Corporation as of the date of this Guaranty, together with all other payments, damages, costs and expenses described herein and in the other Loan Documents, as defined hereinafter. Any modification to the HTF Loan amount shall be deemed an automatic modification to the amount guaranteed hereunder. However, this is not a guaranty of the Owner’s debt to the Corporation; rather it is a guarantee of performance and of any repayment liabilities the Corporation may incur to HUD as a result of the Owner’s failure to satisfy the requirements of the HTF Program, and in all events, Owner’s debt to the Corporation shall continue to be a non-recourse obligation of the Owner and its partners, and shall be repaid in accordance with the Loan Documents.
Sample 1
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Term and Amount of Guaranty a. This Guaranty is made in the amount of $_____________________ [INSERT NSP2 LOAN AMOUNT], which is the full amount of the NSP2 Loan provided by the Mortgagee. The Guarantors, and each of them, unconditionally and irrevocably guarantee to the Beneficiaries the full and prompt payment when due of all amounts due pursuant to the terms of this Guaranty, plus all fees, costs and expenses incurred by the Beneficiaries, individually or together, in connection with the enforcement of this Guaranty, including, without limit, attorneys’ fees. The Beneficiaries, or either of them individually, may have immediate recourse against the Guarantors, or any of them, for full and immediate payment of that portion of amounts due pursuant to the terms of this Guaranty at any time such amounts, or any portion, has not been paid when due. All payments by the Guarantors shall be made in lawful money of the United States of America and in immediately available funds.
Sample 1
Term and Amount of Guaranty. This Guaranty is made in the amount of $ [amount of Loan Funds] (the “Recapture Obligation”). The term of this Guaranty shall commence on the date first stated above and shall end upon completion of the initial fifteen (15) year Tax Credit compliance period (the “Recapture Term”). This Guaranty is intended by the parties to partially match the Recapture Obligation of Project Owner that may be outstanding to the U.S. Department of Treasury at any particular time during the Recapture Term, and the terms of this Guaranty may be amended as defined by the Exchange Program and by Treasury. Additional definitions and guidance regarding Recapture may be applicable to this Guaranty as it becomes available from Treasury.
Sample 1

Related to Term and Amount of Guaranty

  • Continuing Guaranty This Guaranty is a continuing guaranty and shall remain in effect until all of the Guaranteed Obligations shall have been paid in full and the Revolving Commitments shall have terminated and all Letters of Credit shall have expired or been cancelled. Each Guarantor hereby irrevocably waives any right to revoke this Guaranty as to future transactions giving rise to any Guaranteed Obligations.

  • TERM OF COLLECTIVE AGREEMENT 1.01 Except where otherwise stated in this Collective Agreement, this Collective Agreement shall be in force and effect from and after the date upon which the Union and the Employer exchange notice of ratification by their respective principals of the terms of this Collective Agreement up to and including June 30, 2020 and from year to year thereafter unless notice, in writing, is given by either Party to the other Party not less than sixty (60) calendar days nor more than one hundred and twenty (120) calendar days prior to the expiration of its desire to amend this Collective Agreement.

  • F8 Extension of Initial Contract Period F8.1 The Authority may, by giving written notice to the Contractor, extend the Contract for a further period up to the date set out in the Form of Contract. The provisions of the Contract will apply throughout any such extended period.

  • P R E A M B L E 26 27 This Agreement is made and entered into between Peninsula School District Number 401 28 (hereinafter "District") and Public School Employees of Peninsula, Bus Driver Unit, an affiliate of 29 Public School Employees of Washington (hereinafter "Association"). 31 In accordance with the provisions of the Public Employees Collective Bargaining Act and regulations 32 promulgated pursuant thereto, and in consideration of the mutual covenants contained herein, the 33 parties agree as follows: 34 35 37 A R T I C L E I 38 39 RECOGNITION AND COVERAGE OF AGREEMENT 40 41 Section 1.1. 42 The District hereby recognizes the Association as the exclusive representative of all employees in the 43 bargaining unit described in Section 1.3, and the Association recognizes the responsibility of 44 representing the interests of all such employees.

  • Continuing Guarantee This guarantee is a continuing guarantee and will extend to the ultimate balance of sums payable by any Obligor under the Finance Documents, regardless of any intermediate payment or discharge in whole or in part.

  • Amendment of Contract Period The parties may modify the contract termination date by written supplemental agreement prior to the date of termination as set forth in Article 6, Supplemental Agreements, of attachment A, General Provisions, provided, however, that the termination date may, in no event, be extended past the fifth anniversary of execution.

  • C4 Contract Price During Extension of the Initial Contract Period C4.1 Subject to the Pricing Schedule and the provision in clause F6 (Variation), the Contract Price shall apply for the Initial Contract Period and following an extension pursuant to clause F8 (Extension of Initial Contract Period), to the date of expiry of the extended period, or such earlier date of termination or partial termination of the agreement in accordance with the Law or the provisions of the Contract. C5 Euro

  • Extension of Initial Contract Period 31.1 Subject to clause 13 (Price Adjustment on Extension of the Initial Contract Period), the Authority may, by giving written notice to the Contractor not less than three (3) Month(s) prior to the last day of the Initial Contract Period, extend the Contract for such further period as may be specified in the notice. The provisions of the Contract will apply (subject to any Variation or adjustment to the Contract Price pursuant to clause 13) throughout any such extended period.

  • DURATION OF COLLECTIVE AGREEMENT 31:01 This Collective Agreement shall remain in force until April 30, 2007 and shall remain in force from year to year thereafter unless either party to this Collective Agreement gives notice in writing to the other party within a period which shall not be more than 120 days or less than 90 days prior to the expiration of each term, of its intention to terminate this Collective Agreement or seek amendments to same.

  • C4 Price adjustment on extension of the Initial Contract Period C4.1 The Contract Price shall apply for the Initial Contract Period. In the event that the Client agrees to extend the Initial Contract Period pursuant to clause F8 (Extension of Initial Contract Period) the Client shall, in the 6 month period prior to the expiry of the Initial Contract Period, enter into good faith negotiations with the Contractor (for a period of not more than 30 Working Days) to agree a variation in the Contract Price.

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