Guarantor definition
Examples of Guarantor in a sentence
If Seller’s Performance Assurance obligation is satisfied by a Guaranty Agreement, such agreement shall be in the form of Exhibit K executed by the Guarantor identified in Section 1.06(d) or other party, in each case acceptable to Buyer and meeting the Credit Rating requirements for the Guarantor set forth immediately below.
The obligations of Guarantor under this Guaranty may not be reduced, limited, impaired, discharged, deferred, suspended or terminated by any proceeding, voluntary or involuntary, involving the bankruptcy, insolvency, receivership, reorganization, liquidation or arrangement of the Principal or by any defense which Principal may have by reason of the order, decree or decision of any court or administrative body resulting from any such proceeding.
Upon the failure or refusal by Principal to pay all or any portion of the Obligations, the Beneficiary may make a demand upon the Guarantor.
Subject to Paragraph 13, the liability of Guarantor hereunder may not exceed $ in the aggregate, which amount shall include all interest that has accrued on any amount owed hereunder.
In lieu of cash or a Letter of Credit, Buyer may accept a Guaranty Agreement, in accordance with Section 2(c) of this Exhibit D, from a Guarantor acceptable to Buyer, to satisfy Seller’s Performance Assurance obligation.