GP Guarantee definition
Examples of GP Guarantee in a sentence
G-P shall provide to the Company's lenders a full and unconditional guaranty of payment of the Company Debt substantially in the form of Exhibit 2.8B hereto (the "G-P Guarantee").
WISCO shall provide to G-P an indemnity substantially in the form of Exhibit 2.8C hereto (the "WISCO Debt Indemnity") indemnifying G-P against certain amounts which may be incurred or paid by, or assessed against, G-P under the G-P Guarantee.
Further, the G-P Member shall fully and unconditionally guarantee all refinancings of the Company Debt or Permanent Company Debt (such guarantee to be in substance sufficient for G-P to bear the "economic risk of loss" for such Debt, but for the WISCO Debt Indemnity (the "G-P Guarantee")), subject to an indemnity from WISCO on substantially the same terms as the WISCO Debt Indemnity.
The GP Guarantee Agreement, the LP Guarantee Agreement and the REIT Agreement, duly executed and delivered by each Guarantor, the Borrower, Ambassador and the Lender, as applicable.