Board Guaranty definition
Examples of Board Guaranty in a sentence
All payments in respect of any Obligations shall at all times be made to the Agent, whether or not a demand shall have been made or paid under the Board Guaranty.
Neither the Agent nor the Collateral Agent shall be deemed to have knowledge of any such event unless the Agent or the Collateral Agent, as applicable, has received such notice (except with respect to the Agent if any such event results from the failure of the Agent to perform any of its obligations under the Board Guaranty).
The Borrower agrees to pay to the Agent for the account of the Board quarterly in advance on each Interest Payment Date for so long as the Board Guaranty shall remain in effect the Guarantee Fee set forth in Section 2.06 of the Board Guaranty.
For the avoidance of doubt, any such sale, assignment or transfer shall be made without the benefit of the Board Guaranty (which shall be fully and irrevocably released upon the closing of such sale).
The Board acknowledges and agrees for the benefit of the Tranche A Lender that as of the date hereof the Board Guaranty remains in full force and effect and is hereby ratified and confirmed.
Upon the assignment to the Board of any Tranche A Lender's right, title and interest in and to its pro rata portion of the principal of and interest on Tranche A in accordance with the Board Guaranty, the Board shall have the rights and privileges of a Tranche A Lender with respect to such payment (to the extent of the interests in Tranche A so assigned to the Board).
Each Obligor will comply with all of the terms, requirements and conditions applicable to it under the Act and the Regulations, or as may otherwise be imposed by, or agreed with, the Board in connection with the issuance of the Board Guaranty, and shall promptly furnish the Board, the Loan Administrator and the Agent all such information as may be reasonably requested by the Board, the Loan Administrator or the Agent in connection with the Board Guaranty.
The Board acknowledges and agrees for the benefit of the Initial Lender that as of the date hereof the Board Guaranty remains in full force and effect and is hereby ratified and confirmed.
Each Obligor will comply with all of the terms, requirements and conditions applicable to it under the Act and the Regulations, or as may otherwise be imposed by, or agreed with, the Board in connection with the issuance of the Board Guaranty, and shall promptly furnish the Board, the Loan Administrator and the Agent (with a copy to the Counter- Guarantors) all such information as may be reasonably requested by the Board, the Loan Administrator or the Agent in connection with the Board Guaranty.
Each of the Loan Agreement, as amended hereby, the Slot Security Agreement, as amended hereby, the other Loan Documents, and the Board Guaranty remains in full force and effect and the terms and provisions of the Loan Agreement, as amended hereby, the Slot Security Agreement, as amended hereby, the other Loan Documents, and the Board Guaranty are hereby ratified and confirmed.