MLP Guaranty definition
Examples of MLP Guaranty in a sentence
Notwithstanding anything to the contrary in the MLP Guaranty or any other Loan Document, the MLP shall not be subject to any provisions of this Agreement, including but not limited to any affirmative or negative covenants set forth herein, or any other Loan Document (other than its guarantee of the Obligations as set forth in the MLP Guaranty) unless specifically provided for by reference to the MLP as a Credit Party.
Without limiting the foregoing, nothing in this Guaranty shall be deemed to constitute a novation of the Existing MLP Guaranty which, for the avoidance of doubt, on and after the date hereof, is and shall be as set forth in this Guaranty.
It is a condition precedent to the Amendment Agreement that the Guarantor shall have executed and delivered this Guaranty in order to amend and restate the Existing MLP Guaranty.
Each Holder shall have received, or its special counsel shall have received on behalf of the Holders from the Partnership and Maritrans Inc., respectively, the written confirmation of the terms of the Partnership Guaranty Agreement and the MLP Guaranty Agreement, as the case may be, in the forms attached hereto as Exhibits C and D, respectively, and dated the Effective Date.
MLP Guaranty......................................................................