Cross-Guaranty definition

Cross-Guaranty has the meaning given in Section 2.14 and includes, without limitation, a guaranty made by each Borrower in favor of Bank pursuant to Section 2.14, among other things, guaranteeing all of the Obligations of the other Borrower.
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Cross-Guaranty means that certain Cross Guaranty Agreement of even date herewith made by Cross Borrower in favor of Lender, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time.
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Cross-Guaranty shall have the meaning assigned to such term in Section 2.13(b).
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Examples of Cross-Guaranty in a sentence

  • Each Borrower hereby: (i) ratifies and reaffirms the Cross-Guaranty and (ii) acknowledges and agrees that no Borrower is released from its obligations under the Cross-Guaranty by reason of this Amendment or the other Loan Documents and that the obligations of each Borrower under the Cross-Guaranty extend, among other Obligations of Borrowers to Lender, to the Obligations of Borrowers under this Amendment and other Loan Documents.

  • Except as otherwise set forth or reflected in the Financials, no Borrower has guaranteed the obligations of any Person (except for the Cross-Guaranty and by indorsement of negotiable instruments payable at sight for deposit or collection or similar banking transactions in the usual course of Borrowers’ business).

  • Each of the Borrowers (collectively, the “Cross-Guarantors”) hereby (i) confirms, ratifies and reaffirms its respective Cross-Guaranty and (ii) acknowledges and agrees that no Cross-Guarantor is released from its obligations under its respective Cross-Guaranty by reason of this Amendment and that the obligations of each Cross-Guarantor under its respective Cross-Guaranty extend to the Credit Agreement and the other Loan Documents as amended by, or in connection with, this Amendment.

  • Except as provided in the preceding sentence, each Cross-Guarantor’s obligations under this Cross-Guaranty will terminate when the Cross-Guaranteed Obligations have been fully paid, performed and satisfied and the Loan Documents are terminated.

  • Each of the Cross-Guarantors covenants and agrees that its right to receive any contribution under this Cross-Guaranty from a Non-Paying Cross-Guarantor shall be subordinate and junior in right of payment to the payment in full in cash of the Cross-Guaranteed Obligations.

  • To the knowledge of KH Partners and the Keystone Entities, OTS Order #92-66, dated February 28, 1992, which approves the acquisition by Keystone Holdings of an equity interest in Family SB in a Qualified Stock Issuance pursuant to Sections 10(a)(4) and 10(q) of HOLA and FDIC Order #92-98kk dated April 7, 1992, Conditionally Granting Approval for Waiver of Cross-Guaranty, are, and at all times since their respective dates have been, in full force and effect.

  • Each Cross-Guarantor agrees that the Cross-Guaranteed Obligations may at any time and from time to time exceed the Maximum Liability of each Cross-Guarantor without impairing this Cross-Guaranty or affecting the rights and remedies of Bank hereunder, provided that, nothing in this sentence shall be construed to increase any Cross-Guarantor’s obligations hereunder beyond its Maximum Liability.

  • Subject to the last sentence of Section 3.06 (Joint and Several Obligation; Cross-Guaranty), the foregoing sentence is an unconditional and irrevocable waiver of any rights and defenses the Waiving Borrower may have because the Other Borrower Secured Obligation is secured by real property.

  • This Cross-Guaranty is a guaranty of payment and not of collection and is a continuing guaranty and shall apply to Guaranteed Obligations whenever arising.

  • Each Cross-Guarantor waives any and all notice of the creation, renewal, extension or accrual of any of the Guaranteed Obligations and notice of or proof of reliance by the Lender upon this Cross-Guaranty or acceptance of this Cross-Guaranty.


More Definitions of Cross-Guaranty

Cross-Guaranty has the meaning given in Section 11.1(b).
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Cross-Guaranty. “Cross Lender”, “Cross Loan”, “Cross Loan Agreement”, “Cross Mortgage” and “Cross Security Agreement” are hereby deleted in their entirety from Section 1.1 of the Loan Agreement.
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Cross-Guaranty has the meaning set forth in Section 8.01.
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Cross-Guaranty is that certain Cross-Corporate Continuing Guaranty, dated on or about the Effective Date, executed and delivered by each Borrower in favor of Bank relative to each other Borrower.
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Cross-Guaranty has the meaning set forth in Section 5.
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Cross-Guaranty means a Guarantee Obligation undertaken or incurred by Guarantor with respect to any Other UTSI Group Debt.
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Related to Cross-Guaranty

  • Holdings Guaranty means the Holdings Guaranty made by Holdings in favor of the Administrative Agent on behalf of the Secured Parties, substantially in the form of Exhibit F-1.

  • U.S. Guaranty means (a) the guaranty made by the Parent Borrower, Holdings and the other Guarantors in favor of the Administrative Agent on behalf of the Secured Parties pursuant to clause (b)(i) and (iii) of the definition of “Collateral and Guarantee Requirement,” substantially in the form of Exhibit F-1 and (b) each other guaranty and guaranty supplement delivered pursuant to Section 6.11(a)(i).

  • Guaranty Agreement means an agreement executed by the Guarantors in substantially the form of Exhibit F-2 unconditionally guarantying on a joint and several basis, payment of the Indebtedness, as the same may be amended, modified or supplemented from time to time.

  • Guaranty means, with respect to any Person, any obligation (except the endorsement in the ordinary course of business of negotiable instruments for deposit or collection) of such Person guaranteeing or in effect guaranteeing any indebtedness, dividend or other obligation of any other Person in any manner, whether directly or indirectly, including (without limitation) obligations incurred through an agreement, contingent or otherwise, by such Person:

  • VA Loan Guaranty Agreement means the obligation of the United States to pay a specific percentage of a Mortgage Loan (subject to a maximum amount) upon default of the Mortgagor pursuant to the Servicemen’s Readjustment Act, as amended.