Examples of Existing Guaranties in a sentence
On the Closing Date the Existing Guaranties, together with all amendments and modifications thereto, shall terminate with respect to the guaranteed obligations arising out of or under the Agreement to Lease, the Existing Lease, the Chemical Additive Supply Agreement, the Operating and Maintenance Agreement and the Technology Sublicense.
On or before the Effective Date, the Existing Guaranties shall be automatically terminated without any further action by any party and shall no longer be of any force or effect and each Holder of an Allowed Class MK-4 Claim consisting of an Existing Guaranty Claim shall enter into a New Guaranty with the Reorganized Debtor in full and final satisfaction of such Allowed Claim.
NEW LETTER OF CREDIT REIMBURSEMENT AGREEMENT AND NEW GUARANTIES On the Effective Date, the Reorganized Debtor shall enter into New Letter of Credit Reimbursement Agreements with issuers of Existing Letters of Credit and New Guaranties with holders of Existing Guaranties.
The Guarantors hereby acknowledge and agree that this Guaranty shall modify, extend, renew and continue the terms and provisions contained in the Existing Guaranties and shall not extinguish or release the Guarantors from any liability under such Existing Guaranties or otherwise constitute a novation of the obligations thereunder.
The execution and delivery of this Guaranty shall not constitute a novation of any obligations owing to the Lenders, the Administrative Agent or any other party, as applicable, under any of the Existing Guaranties based on facts or events occurring or existing prior to the execution and delivery of this Guaranty.