Limited Guarantor definition
Examples of Limited Guarantor in a sentence
Limited Guarantor waives diligence, presentment, protest, demand for payment and notice of default or nonpayment to or upon Borrower or the Limited Guaranty with respect to the Guaranteed Obligations.
To the fullest extent permitted by law, the Limited Guarantor hereby expressly waives any and all rights or defenses arising by reason of any law which would otherwise require any election of remedies by the Company.
The Limited Guarantor has maintained, as of the end of each calendar month, Liquidity in an amount not less than $25,000,000.
Since the dates of such financial statements, no event has occurred that has resulted in a Material Adverse Effect on Limited Guarantor.
There is no agreement, indenture, contract or instrument to which Limited Guarantor is a party or by which Limited Guarantor may be bound that requires the subordination in right of payment of Limited Guarantor’s obligations subject to this Limited Guaranty to any other obligation of Limited Guarantor.