Examples of Guaranty Party in a sentence
No notice or demand on any Guaranty Party in any case shall entitle any Guaranty Party to any other or further notice or demand in similar or other circumstances.
The execution and delivery of any such instrument shall not require the consent of any other Guaranty Party hereunder.
The rights and obligations of each Guaranty Party hereunder shall remain in full force and effect notwithstanding the addition of any new Guaranty Party as a party to this Agreement.
No waiver of any provision of this Agreement or consent to any departure by any Guaranty Party therefrom shall in any event be effective unless the same shall be permitted by paragraph (b) of this Section 4.02, and then such waiver or consent shall be effective only in the specific instance and for the purpose for which given.
This Agreement shall be construed as a separate agreement with respect to each Guaranty Party and may be amended, modified, supplemented, waived or released with respect to any Guaranty Party without the approval of any other Guaranty Party and without affecting the obligations of any other Guaranty Party hereunder.
Each of the Guarantors agrees that its guaranty hereunder shall continue to be effective or be reinstated, as the case may be, if at any time payment, or any part thereof, of any Obligation, is rescinded, invalidated or must otherwise be restored by the Administrative Agent or any other Secured Party upon the bankruptcy or reorganization of any Guaranty Party or otherwise.
Any amounts deducted or withheld by Trinity for or on account of Taxes shall be paid over to the government or taxing authority imposing such Taxes in accordance with applicable Law, and Trinity shall provide the applicable Guaranty Party as soon as practicable with such tax receipts or other official documentation with respect to the payment of such Taxes as may be available.
No failure or delay on the part of any Guaranty Party in exercising any right, power or privilege hereunder shall operate as a waiver thereof; nor shall any single or partial exercise of any right, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, power of privilege.
All payments to be made by Trinity under this Section 11 to a Guaranty Party shall be paid as provided for in the relevant Operative Agreement or, if applicable, to such Guaranty Party at the address and to the account specified in the notice demanding payment be made by Trinity by wire transfer on the date due at or before 11:00 a.m. (Chicago time) in immediately available funds to the party to which such payment is to be made, if such party has provided Trinity with instructions for such wire transfer.
No notice or demand on Trinity in any case shall entitle Trinity to any other further notice or demand in similar or other circumstances or constitute a waiver of the rights of any Guaranty Party to any other or further action in any circumstances without notice or demand.