Examples of Senior Guaranty Agreement in a sentence
Except for those parties that have since been merged into, and have had their obligations under the Senior Guaranty Agreement assumed by a Subsidiary which was, at the time of the merger, and is, on the date hereof, a Guarantor under the Senior Guaranty Agreement, no party that was a Guarantor when the Senior Guaranty Agreement was originally executed has ceased to be a subsidiary of the Company or a Guarantor under the Senior Guaranty Agreement.
The Company is a corporation duly incorporated, validly existing and in good standing under the laws of the State of Tennessee, has the corporate power and authority to execute and perform the Subsidiary Security Agreement and the Subsidiary Senior Guaranty Agreement (collectively, the "LOAN DOCUMENTS").
World-AL is a corporation duly incorporated, validly existing and in good standing under the laws of the State of Alabama, has the corporate power and authority to execute and perform the Subsidiary Security Agreement and the Subsidiary Senior Guaranty Agreement and is duly qualified and is in good standing in each jurisdiction in which, to our knowledge, the character of the properties owned or leased by it or the nature of the business transacted by it makes such qualification necessary.
The Company and each Restricted Subsidiary, as the case may be, shall have consummated the execution and delivery of the Revolving Credit Agreement, the Senior Note Agreements and the Subsidiary Senior Guaranty Agreement.
SC is a corporation duly incorporated, validly existing and in good standing under the laws of the State of South Carolina, has the corporate power and authority to execute and perform the Subsidiary Security Agreement and the Subsidiary Senior Guaranty Agreement and is duly qualified and is in good standing in each jurisdiction in which, to our knowledge, the character of the properties owned or leased by it or the nature of the business transacted by it makes such qualification necessary.
No opinion is expressed as to the enforceability of the Subsidiary Senior Guaranty Agreement or the Subsidiary Security Agreement.
In the absence of a rule limiting government borrowing from the monetary authorities, these shortfalls might well have been financed by monetary means, as is suggested by the increasing number of complaints lodged by governments about the lending limits of the two central banks (IMF, 1970).
The Company will not and will not permit any Restricted Subsidiary to become or be liable in respect of any Guaranty except: (i) Guaranties of the Company which are limited in amount to a stated maximum dollar exposure and are permitted under SS.5.10; (ii) the Subsidiary Senior Subordinated Guaranty Agreement; and (iii) the Subsidiary Senior Guaranty Agreement.
Each Restricted Subsidiary is a corporation or partnership, as the case may be, validly existing and in good standing under the laws of its jurisdiction of incorporation or organization, as the case may be, has the power and the authority to execute and deliver the Subsidiary Security Agreement and Subsidiary Senior Guaranty Agreement.
The Task Force shall sunset December 31, 2022, and make a report to the Select Board prior to that date with recommendations for future action by the Select Board.