Master Guaranty definition
Examples of Master Guaranty in a sentence
Accordingly, in the event of any inconsistency among the Loan Documents and the Master Guaranty or related documents, the provision that is the more stringent on the Borrower shall control.
The Borrower acknowledges that the Lender is willing to make the Credit Facility available to the Borrower because the Eximbank is willing to guaranty payment of a significant portion of the Obligations pursuant to the Master Guaranty.
If Eximbank makes payment of a claim to the Lender under the Master Guaranty in connection with the Credit Facility, Eximbank shall be assigned all the Lender's rights and remedies under the Loan Documents and may enforce any such rights or remedies against the Borrower and the Collateral.
Effective immediately upon the occurrence of the Distribution, Lennar, on behalf of itself and its subsidiaries, and SpinCo, on behalf of itself and its subsidiaries, as applicable, agree to enter into and be bound by that certain Master Program Agreement, Master Option Agreement, Master Construction Agreement, Multiparty Cross Agreement, and Master Guaranty (collectively, the “Transaction Documents”).
The Administrative Agent and each Lender consent to the terms and conditions of the Master Guaranty and Intercreditor Agreement.