Examples of Purchaser Guaranty in a sentence
At Closing, Purchaser shall provide a Purchaser Guaranty from an Acceptable Guarantor in form and substance reasonably satisfactory to Seller in an amount equal to the Contract Price to secure the obligations of Purchaser under this Agreement.
Purchaser shall have the right in its sole discretion to post a Purchaser Letter of Credit or a Purchaser Guaranty (or a combination thereof) for its security posting obligations under this Section so long as such security meets the requirements for such security set out in this Article 17.
If the Purchaser Guarantor ceases to be an Acceptable Guarantor, then Purchaser shall be required to either (i) provide a replacement Purchaser Guaranty from a different Acceptable Guarantor, or (ii) replace the Purchaser Guaranty provided by the unqualified Purchaser Guarantor with a Purchaser Letter of Credit meeting the criteria set forth in this Article 17, in each case, no later than ten (10) Business Days after such the Purchaser Guarantor ceases to be an Acceptable Guarantor.