Examples of Guaranteed Obligor in a sentence
To the fullest extent permitted by Applicable Law, CSEC hereby waives any defense based on or arising out of any defense of any Guaranteed Obligor or CSEC or the unenforceability of all or any part of the Guaranteed Obligations from any cause, or the cessation from any cause of the liability of any Guaranteed Obligor or CSEC, other than the payment in full and performance in full of the Guaranteed Obligations.
CSEC will not assert any right, claim or cause of action, including, without limitation, a claim of subrogation, contribution or indemnification that it has against any Obligated Party, or any collateral, until each Guaranteed Obligor and CSEC have fully performed all of the obligations, provisions and covenants to be performed by each Guaranteed Obligor under this Agreement.
Section 3(e) of the Sponsor Guarantee provides that the sale, transfer or other disposition by the Guarantor of any interest in any Guaranteed Obligor (i.e., any party listed in a Guarantee Supplement as a “Guaranteed Obligor”) shall not affect the Guarantee (and the Guarantee Supplements issued thereunder), except as agreed in writing by the Administrative Agent.
If any Guaranteed Obligation is not performed or paid for any reason whatsoever when due or payable by any Guaranteed Obligor, the City may treat such Guaranteed Obligation as due or payable and may demand forthwith from CSEC: (a) performance of the applicable Guaranteed Obligation to be performed hereunder; and/or (b) payment of the total amount of the applicable Guaranteed Obligation guaranteed hereunder.
Section 3(e) of the Sponsor Guarantee provides that the sale, transfer or other disposition by the Guarantor of any interest in any Guaranteed Obligor (i.e., any person specified on a Guarantee Supplement as a “Guaranteed Obligor”) shall not affect the Guarantee (and the Guarantee Supplements issued thereunder), except as agreed in writing by the Administrative Agent.