Examples of Equity Owner Guaranty in a sentence
Anything to the contrary herein or elsewhere notwithstanding, in no event shall Borrower have any liability or other obligation under or with respect to the Sponsor Guaranty, the Equity Owner Guaranty or the Borrower GP Guaranty.
The sole business of Borrower is the acquisition, ownership, maintenance, sale, transfer, refinancing, management, leasing and operation of the Properties; and the sole business of Equity Owner is acting as the sole member of Borrower, including, providing the Equity Owner Guaranty and the Equity Owner Security Agreement.
Anything to the contrary herein or elsewhere notwithstanding, in no event shall Borrower have any liability or other obligation under or with respect to the Blackstone Guaranty, the Blackstone Funding Commitment, the Parent Guaranty, the Borrower GP Guaranty or the Equity Owner Guaranty.
The Loan will be secured by first priority mortgages on each of the Properties and the Equity Owner Guaranty will be secured by a first priority pledge of (i) Equity Owner LP’s equity interests in the Borrower and Borrower GP and(ii) Borrower GP’s equity interest in the Borrower (collectively, the “Equity Collateral”).
The sole business of Borrower is the acquisition, renovation, rehabilitation, ownership, maintenance, sale, transfer, financing, refinancing, management, leasing and operation of the Properties and other activity in furtherance thereof; and the sole business of Equity Owner is acting as the sole member of Borrower and any other activity in furtherance thereof, including, providing the Equity Owner Guaranty and the Equity Owner Security Agreement.
As we consider our recovery and renewal from the impact of Covid-19, we are in the unique position of being able to redefine the way that we work and potentially “fast forward” new ways of working.
Each Loan Party will grant a security interest in its personal property, including accounts, rights of the Borrower and the Equity Owners under certain transaction documents and other agreements, and all proceeds of the foregoing (together with the Equity Collateral and the mortgages, the “Collateral”) to secure the Loan and the Equity Owner Guaranty, as the case may be.
Anything to the contrary herein or elsewhere notwithstanding, in no event shall Borrower have any liability or other obligation under or with respect to the Sponsor Guaranty, the Equity Owner Guaranty or the Borrower TRS Guaranty.
In addition, anything to the contrary herein or elsewhere notwithstanding, in no event shall any Borrower have any liability or other obligation under or with respect to the Waypoint Guaranty, Limited Indemnity Agreement, the Sponsor Guaranty or the Equity Owner Guaranty.
The Administrative Agent shall have received executed counterparts of this Agreement from all the parties hereto, the Equity Owner Guaranty and the Notes, each, in the case of the Borrower and Equity Owner party thereto, duly executed and delivered by an Authorized Representative of the Borrower or Equity Owner, as applicable.