Examples of Payment Guarantors in a sentence
The Minimum Payment Guarantors have expressly informed the Trustee on behalf of the Holders that the Minimum Payment Guarantors have not agreed to renew the HET/JCC Agreement beyond March 31, 2005.
The Minimum Payment Guarantors have informed the Trustee on behalf of the Holders that any decision the Minimum Payment Guarantors make concerning whether to renew any Minimum Payment Guaranty or the HET/JCC Agreement will be made in the Minimum Payment Guarantors' sole discretion, acting only in their best interests.
The HET/JCC Agreement provides that the Minimum Payment Guarantors will provide the Minimum Payment Guaranty required under the Casino Operating Contract for the Fiscal Years (as defined in the Casino Operating Contract) ending March 31, 2002, 2003, 2004 and 2005, subject to termination or non-renewal in accordance with the terms of the HET/JCC Agreement.
In entering into the HET/JCC Agreement, the Minimum Payment Guarantors have no obligation to provide a Minimum Payment Guaranty for the entire term of the Casino Operating Contract, but rather have agreed only to provide a Minimum Payment Guaranty for the period and on terms and conditions specified therein.
The Initial Minimum Payment Guarantors have informed the Trustee on behalf of the Holders that any decision the Initial Minimum Payment Guarantors make concerning whether to renew any Minimum Payment Guaranty or the HET/JCC Agreement will be made in the Initial Minimum Payment Guarantors' sole discretion, acting only in their best interests.
As contemplated by Section 15 hereof, this Agreement shall be binding upon the successors and assigns of HET and HOC, as the Minimum Payment Guarantors originally party hereto.
The HET/JCC Agreement provides that the Initial Minimum Payment Guarantors will provide the Minimum Payment Guaranty required under the Casino Operating Contract for the Fiscal Years (as defined in the Casino Operating Contract) ending March 31, 1999 and March 31, 2000, renewable for the four Fiscal Years thereafter through March 31, 2004, subject to termination or non-renewal in accordance with the terms of the HET/JCC Agreement.
The Initial Minimum Payment Guarantors have expressly informed the Trustee on behalf of the Holders that the Initial Minimum Payment Guarantors have not agreed to renew the HET/JCC Agreement beyond March 31, 2004, or in any prior year where the Initial Minimum Payment Guarantors' obligation to furnish a Minimum Payment Guaranty does not renew by the express terms of Section 1(b) of the HET/JCC Agreement.
Upon the occurrence and during the continuance of an Event of Default under the Minimum Payment Obligations and provided that there are then no operations at the Casino, the Minimum Payment Guarantors agree to fully enforce and realize upon the security interest in the House Bank (and apply all proceeds thereof to the Minimum Payment Obligations) prior to applying the proceeds of any other Collateral to the Minimum Payment Obligations as set forth in this Section 11.
In entering into the Initial HET/JCC Agreement, the Initial Minimum Payment Guarantors have no obligation to provide a Minimum Payment Guaranty for the entire term of the COC, but rather have agreed only to provide it for the period and on terms and conditions specified therein.