Guarantee Agreement definition
Examples of Guarantee Agreement in a sentence
Each of this Agreement, the Guarantee Agreement and the other applicable Loan Documents has been duly executed and delivered by the applicable Loan Parties.
Notwithstanding any other provision herein, any Guarantor may be released from its Guarantee Agreement with the consent of the Required Lenders.
FFB acknowledges that the Borrower may in the future, as required pursuant to the Security Instruments, pledge and grant a security interest to the “Security Trustee,” for the benefit of the “Secured Parties” (as those terms are defined in the Loan Guarantee Agreement) and FFB in certain property of the Borrower to secure the payment and performance of, inter alia, certain obligations owed to FFB under the Note.
If the Secretary shall receive any notice of any Stop Notice against the Borrower, FFB or the Department, which action has not been dismissed against each such applicable party, or has not been bonded in full compliance with, and in satisfaction of all requirements of, applicable law, and in accordance with the terms of the Loan Guarantee Agreement, the Secretary shall provide FFB with notice of such Stop Notice.
Nothing in this Note constitutes a present grant of, or an agreement by the Borrower to grant, any lien on or security interest in any property of the Borrower, other than as expressly required by the Loan Guarantee Agreement.