AR Guaranty definition
Examples of AR Guaranty in a sentence
By their signatures hereto, each Lender (which collectively constitute the Required Lenders under the applicable Loan Documents) hereby (A) acknowledges, accepts, and consents to this Amendment, (B) designates this Amendment as a Loan Document in all respects in connection with the Amended Credit Agreement and the other Loan Documents and (C) authorizes and instructs the Administrative Agent to execute, deliver, and perform this Amendment and the A&R Guaranty.
No invalidity, irregularity, or unenforceability by reason of any bankruptcy, insolvency or other similar law, or any law or order of any government or agency thereof purporting to reduce, amend or otherwise affect the Guaranteed Obligations shall impair, affect or be a defense to the obligations of the Guarantor under this A&R Guaranty.
Guarantor delivers this A&R Guaranty based solely on such Guarantor’s independent investigation of the financial condition of the Debtor and is not relying on any information furnished by Creditor with respect to Debtor’s financial condition.
Simultaneously with the execution of this Amendment, Guarantor shall execute a guaranty in which he shall guarantee payment to Bank of all obligations of Borrower under the Loan Agreement, as amended hereby, the Second Amended and Restated Revolving Note and the Term Note pursuant to the terms of the Guaranty (the "Second A&R Guaranty").
Simultaneously with the execution of this Amendment, Guarantor shall execute a guaranty in which he shall guarantee payment to Bank of all Obligations of Borrower under the Loan Agreement, as amended hereby, the Amended and Restated Revolving Note and the Term Note pursuant to the terms of the Guaranty (the "A&R Guaranty").
This A&R Guaranty constitutes the entire agreement of Guarantor and Creditor with respect to the subject matter hereof.
If there is more than one Indemnitor, the obligations, agreements, duties, liabilities, covenants and undertakings of each New Indemnitor hereunder and under the Guaranty, as amended and restated pursuant to the A&R Guaranty, shall be joint and several.
If any provision of this A&R Guaranty is unenforceable in whole or in part for any reason, the remaining provisions shall continue to be effective.
This A&R Guaranty shall be binding on Guarantor and the Guarantor’s successors and assigns including, without limiting the generality of the foregoing, any debtor-in-possession or trustee-in-bankruptcy for Guarantor.
Simultaneously with the execution of this Amendment, Guarantor shall execute a guaranty in which he shall guarantee payment to Bank of all obligations of Borrower under the Loan Agreement, as amended hereby, the Third Amended and Restated Revolving Note and the Amended and Restated Term Note pursuant to the terms of the Guaranty (the "Third A&R Guaranty").