Term Guaranty definition
Examples of Term Guaranty in a sentence
The Grantor entered into a Guaranty (Short Term) dated as of June 4, 1999, as reaffirmed on the date hereof (as the same may be amended, restated, supplemented or otherwise modified from time to time, the "Short Term Guaranty") between the Grantor and the Agent.
The Grantor also entered into a Guaranty (Long Term) dated as of January 12, 1996, as reaffirmed on the date hereof (as the same may be amended, restated, supplemented or otherwise modified from time to time, the "Long Term Guaranty," and taken together with the Short Term Guaranty, the "Bank Guarantees"), between the Grantor and the Agent.
Each of the Guarantors hereby severally represents and warrants to the Borrower that such Guarantor paid to the Banks, pursuant to such Guarantor's Term Guaranty, all amounts demanded by the Banks from such Guarantor as payment in full of the Loans and all other amounts due under the Term Credit Agreement.
No provision of this Assignment and no act done or omitted by Assignee pursuant to this Assignment shall be deemed to be a waiver by Assignee of any rights and remedies under this Assignment, the VSC Term Guaranty or any other Term Loan Document, and this Assignment is made and accepted without prejudice to any of the rights and remedies possessed by Assignee under the VSC Term Guaranty, any other Term Loan Document or agreement, or at law or in equity.
Such provision is contained in the Designated Party Term Guaranty and the Term Intercreditor Agreement (as such capitalized terms are defined in the Term Loan Agreement).