Guarantor 1 definition
Examples of Guarantor 1 in a sentence
The Guarantor (1) is a limited partnership duly organized and existing pursuant to the laws of Delaware, (2) has the power and authority to own its properties and to carry on its business as now being conducted and as contemplated by the Guaranty and (3) has the power and authority to execute and perform all the undertakings in the Guaranty.
Notwithstanding any other provision of this Section 5.01, other than in relation to the Parent Guarantor (1) a Note Guarantor may merge or consolidate with an Affiliate solely for the purpose and with the sole effect of reincorporating such Note Guarantor in another jurisdiction without regard to compliance with clause (2) above, and (2) a Note Guarantor may merge or consolidate with, or transfer all or part of its properties and assets to, another Note Guarantor or the Issuer.
The financial statements of each Guarantor (1) were prepared in accordance with GAAP applied on a consistent basis or in accordance with such other principles or methods as are reasonably acceptable to Lender, (2) fairly present such Guarantor’s financial condition, (3) show all material liabilities, direct and contingent, (4) fairly present the results of such Guarantor’s operations, and (5) disclose the existence of any hedge and/or off-balance sheet transactions.
Guarantor (1) is duly incorporated and validly existing under the laws of its jurisdiction of incorporation, and (2) has all requisite company power and authority to execute, deliver and perform its obligations under this Guaranty.
Incorporated Society The seal of [insert name of Incorporated Society] was affixed in the presence of : Authorised Signatory Name Authorised Signatory Name If there is a Guarantor select one only of the following execution clauses and delete the other four - if no Guarantor delete the whole box Guarantor 1.
By executing this Guaranty, Guarantor: (1) waives and relinquishes any such defense, (2) agrees that it will not assert that defense in any action or proceeding which Lender may commence to enforce this Guaranty, and (3) acknowledges and agrees that Lender is relying on this waiver in entering into the Loan Documents and making loans and advances thereunder, and that this waiver is a material part of the consideration which Lender is receiving for making such loans and advances.
British International School Foundation Guarantor (1) English Security Confirmation Deed (2) Hungarian Amendment Agreement Hungary Amendment in the form of a notarial deed.
To the extent permitted by law, each Guarantor (1) agrees that its obligations under its Note Guarantee will be enforceable irrespective of any invalidity, irregularity or unenforceability of the Notes, this Indenture or any Note Guarantee granted by the other Guarantors and (2) waives its right to require the Trustee or any Holder to pursue or exhaust its legal or equitable remedies against the Issuer prior to exercising its rights under any Note Guarantee.
Guarantor #1: Borrower #1: (Signature) (Signature) Date: Title: Date: Guarantor #2: Borrower #2: (Signature) (Signature) Date: Title: Date: Guarantor #3: Borrower #3: (Signature) (Signature) Date: Title: Date: Note: Both sections 49 (Personal Guaranty) and 50 (Certification and Signatures) must be signed and dated before a loan can be funded.
If the BGS-FP Supplier has a Guarantor, the Guarantor (1) must be rated by at least two of the following rating agencies: S&P, Moody's or ▇▇▇▇▇, and (2) must have a minimum senior unsecured debt rating equal to the Minimum Rating.