Facility Guaranties definition
Examples of Facility Guaranties in a sentence
Except as expressly provided hereby, all of the terms and provisions of the Credit Agreement, the Facility Guaranties and the other Loan Documents are and shall remain in full force and effect.
The amendments contained herein (including Exhibit A) shall not be construed as an amendment of any other provision of the Credit Agreement, the Facility Guaranties or the other Loan Documents or for any purpose except as expressly set forth herein or a consent to any further or future action on the part of the Borrower that would require the waiver or consent of the Administrative Agent or the Lenders.
Payment of all amounts due under this Note is guaranteed by each Guarantor pursuant to the Facility Guaranties.
Each of the Guarantors joins in the execution of this Amendment for the purposes of consenting to the amendments to the Credit Agreement contained herein and for the further purpose of confirming its guaranty of all Borrowers' Liabilities (as defined in the Facility Guaranties).
Except for the Security hereunder, and the proceeds thereof, each of which TrizecHahn Centers shall have a first priority payment claim against, all obligations owing to TrizecHahn Centers by Holdings II, Aladdin Holdings or the ▇▇▇▇▇▇ Trust under or in connection with this Facility and the Facility Guaranties shall be pari-passu in payment, priority, enforcement or otherwise with all obligations of such entities to TrizecHahn Centers or TrizecHahn.
Upon request by the Agent at any time, the Required Lenders will confirm in writing the Agent’s authority to release or subordinate its interest in particular types or items of property, or to release any Guarantor from its obligations under the Facility Guaranties pursuant to this Section 12.8.
As security for the full and timely payment and performance of (a) the respective Obligations of the Borrower now existing or hereafter arising, and (b) the Guarantors' obligations under their respective Facility Guaranties, the Borrower, the Guarantors and each Subsidiary shall deliver to the Lender, in form and substance reasonably acceptable to the Lender, the Airframe Lease Assignments.
All Bank Facility Guarantees will be in form and substance substantially identical to the Subsidiary Guaranty Agreement (with only such changes as are necessary to properly reflect the parties and Debt involved) and the beneficiaries of such Bank Facility Guaranties shall have become parties to the Intercreditor Agreement in the manner provided for therein.
The amendments contained herein shall not be construed as an amendment of any other provision of the Credit Agreement, the Facility Guaranties or the other Loan Documents or for any purpose except as expressly set forth herein or a consent to any further or future action on the part of the Borrower that would require the waiver or consent of the Administrative Agent or the Lenders.
Each of the Guarantors joins in the execution of this Amendment for the purposes of consenting to the amendments to the Credit Agreement contained herein and for the further purpose of confirming its guaranty of all Borrower's Liabilities (as defined in the Facility Guaranties).