Partnership Guaranty definition
Examples of Partnership Guaranty in a sentence
The Partnership shall remain liable on its obligations hereunder until the expiration of the Partnership Guaranty Period.
The Partnership Guaranty Agreement and the Notes are also currently secured by separate First Preferred Ship Mortgages from the Partnership, as owner and mortgagor, to the Trustee, as mortgagee, on 25 barges and 19 tugboats (collectively, referred to as "Vessels").
Except as amended herein, the terms and provisions of the Partnership Guaranty, the Credit Agreement and the other Loan Documents are hereby ratified, confirmed and approved in all respects.
All such amounts shall be due and payable in full by Newco to ERP on the day on which payment is made by ERP under the Initial ERP Operating Partnership Guaranty or any Alternate ERP Operating Partnership Guaranty.
The execution by the undersigned of this Guaranty Supplement shall evidence consent to and acknowledgment and approval of the terms set forth herein and in the Partnership Guaranty.