Guarantys definition
Examples of Guarantys in a sentence
Upon the release of any Pool Asset, Agent on behalf of the Lenders shall release the applicable Owner or Tenant of such Pool Asset and any other Material Subsidiary, which (after giving effect to the release of such Owner or Tenant) owns no interest in any other Owner or Tenant of a Pool Asset, from their respective Guaranty(s) and the obligations thereunder as well as any other Loan Documents to which such Subsidiary or such Material Subsidiary is a party to.
The original Guaranty(s), properly executed, shall have been delivered to Bank.
If such amounts are more than the amount of ▇▇▇▇▇▇ Guaranty's fee under this Agreement, ▇▇▇▇▇▇ Guaranty will reimburse the Trust for such excess amounts.
Each Guarantor hereby acknowledges and confirms that such Guarantor is indebted to Lender, without defense, setoff or counterclaim for all Guaranteed Obligations arising under their respective Guarantys and incurred through the date hereof.
The Board of Directors and, if stockholder approval is necessary, the stockholders of each of the Guarantors shall have passed specific resolutions authorizing execution and delivery of the Guarantys and the Borrower shall have furnished to the Lender copies of such resolutions, certified by the Secretary of the respective corporations.
This is a continuing guaranty covering present and fiflure Indebtedness, except Indebtedness created afteractual receipt byyou of written notice of this Guaranty's revocation as to firture Indebtedness.
Section 3.3 Guaranty's Cooperation with Respect to Transfer of Transferred Assets .
Orion and the Selling Shareholders agree in connection with any underwritten public offering of Guaranty's securities that, upon the request of the managing underwriter of such public offering, it shall commit itself not to offer or sell publicly any Sellers Stock, or Guaranty Notes, other than such stock or Guaranty Notes included in a public offering, for a period not to exceed 120 days from the closing of such public offering.
Failure to notify the FDIC Manager of Guaranty's intent to submit any unresolved Guaranty Disputed Item to arbitration (together with Guaranty's determination of the appropriate amount of such Guaranty Disputed Item) within ten (10) business days following the Post-Closing Audit Resolution Deadline Date shall be deemed an acceptance of such non-submitted Guaranty Disputed Item by Guaranty, as well as a waiver of Guaranty's right to dispute such non-submitted Guaranty Disputed Item(s).
Prior to or contemporaneous with the execution of this Agreement, Borrower shall deliver to Bank One the Guaranty(s) of _________________________________________ (Guarantor(s) name(s)) in form and content acceptable to Bank One which Guaranty(s) shall provide for liability of the Guarantor(s) for payment of the Indebtedness and performance of the terms, conditions and provisions of this Agreement and any and all applicable Security documents and agreements.