Project Guarantor definition
Examples of Project Guarantor in a sentence
No claim with respect to the contingent indemnification obligations of any Project Guarantor under any Project Company Operating Agreement has been asserted on or prior to the date hereof and remains outstanding.
This Parent Corporation Guaranty (―Guaranty‖) dated as of , 201 , is executed by [Name of Project Guarantor] (―Guarantor‖), a [State/Country] corporation, having its principal place of business in [County/State/Country], to and for the benefit of Lake County, Florida (―County‖), a political subdivision of the State of Florida.
In the event that the actual cost of the design, engineering and construction of a Project undertaken by a Subsidiary exceeds the amount available for such Project from the Loan proceeds, including any Owner's Contingency in the Project Budget for such Project, Guarantor shall pay such costs ("Excess Costs") as and when they become due and payable.
Upon Lender’s request, Borrower shall provide to Lender a schedule of real estate taxes owed with respect to the Property on such date of each year during the term hereof when the Borrower or any Project Guarantor is assessed a tax on any Property by the applicable State.
W▇▇▇▇▇▇’▇ compensation insurance, disability benefits insurance, and such other forms of insurance as required by law covering loss resulting from injury, sickness, disability, or death of employees of Borrower or each applicable Project Guarantor, any contractor, and any subcontractor located on or assigned to each Approved Project.
Commercial general liability insurance protecting Borrower or the applicable Project Guarantor and Lender against loss or losses from liability imposed by law or assumed in any agreement, document, or instrument and arising from bodily injury, death, or property damage with a limit of liability of not less than $2,500,000.00 per occurrence and $9,000,000.00 general aggregate.
The provider may not use or disclose protected health information in any other way without a signed authorization or release of information.
Neither Borrower nor any Project Guarantor shall reorganize itself or consolidate with or merge with or into any other corporation, limited liability company or other legal entity, or permit any other corporation, limited liability company or other legal entity to be merged into Borrower or any Project Guarantor, if, as a result thereof, the foregoing covenants contained in Section 9.4 will have been breached.
In addition, Borrower shall have provided Lender with evidence satisfactory to Lender that Borrower or the applicable Project Guarantor has obtained or will obtain (as determined in Lender’s reasonable satisfaction) all permits and approvals necessary to allow Borrower or the applicable Project Guarantor to proceed with the development of the A&D Project or the construction of individual Units in accordance with the Plans and Specifications.
For each Unit (or building within which such Unit is situated), Borrower or the applicable Project Guarantor shall have prepared and recorded a Notice of Commencement in accordance with Chapter 713, Part I, Florida Statutes, or any similar requirement under the lien laws of the State in which the applicable Property is situated.