Collateral Guarantor definition
Examples of Collateral Guarantor in a sentence
Lender shall have received satisfactory reports of UCC (collectively, the “UCC Searches”), tax lien, judgment and litigation searches and title updates conducted by the companies issuing the Title Insurance Policy with respect to the Collateral, Guarantor, Borrower and the Member, such searches to be conducted in each of the locations required by Lender.
Lender shall have received satisfactory reports of UCC (collectively, the “UCC Searches”), tax lien, judgment and litigation searches and title updates conducted by the companies issuing the Title Insurance Policy with respect to the Collateral, Guarantor and Borrower, such searches to be conducted in each of the locations required by Lender.
In the event that any Collateral, including proceeds, is evidenced by or consists of Negotiable Collateral, Guarantor shall, immediately upon the request of Agent, endorse and assign such Negotiable Collateral to Agent for the benefit of the Lender Group and deliver physical possession of such Negotiable Collateral to Agent.
Guarantor acknowledges and represents that Guarantor has relied upon Guarantor’s own due diligence in making an independent appraisal of Borrower, Borrower’s business affairs and financial condition, and any Collateral; Guarantor will continue to be responsible for making an independent appraisal of such matters; and Guarantor has not relied upon Lender or its Affiliates for information regarding Borrower or any Collateral.
Unless and until sold, leased, conveyed or otherwise disposed of in accordance with the last sentence of this Section 11.18(d), the common shares of the Company constituting the July 2020 Dividend shall be held in book-entry form in the name of Navios Corporation or another Pledged Share Collateral Guarantor and may not, in any event, be cancelled.