Substitute Guaranty Sample Contracts
SUBSTITUTE GUARANTYSubstitute Guaranty • October 4th, 2019
This Substitute Guaranty (the “Guaranty”) is executed by SSA CONTAINERS, INC., a Washington corporation (“Guarantor”), whose address is . For good and valuable consideration, receipt of which is hereby acknowledged, Guarantor hereby unconditionally guarantees to the CITY OF LONG BEACH, a municipal corporation, acting by and through its Board of Harbor Commissioners, its successors and assigns (“City”), the full, prompt and faithful payment, performance and discharge by PACIFIC MARITIME SERVICES, L.L.C., a Delaware limited liability company, or such other assignee approved by City (“Assignee”), of Guarantor’s Proportionate Interest (as defined below) of each of the provisions of the Amended and Restated Preferential Assignment Agreement dated as of April 26, 2002 (Document No. HD-6542), as amended by the First Amendment (Document No. HD- 6542A), the Second Amendment (Document No. HD-6542B), the Third Amendment (Document No. HD-6542C), the Fourth Amendment (Document No. HD-6542D), the Fi