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.
Other uses include the purchase of an existing franchise, construction or renovation and franchise fees or obtaining bid, performance and payment bonds for contracts.Financing for the approved small businesses include:o Contract Financing Programo Equity Participation Programo Long Term Guaranty Programo Surety Bonding Program Meridian Management Group, Inc.
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.
Following payment in full by XXXXXXX of its obligations under the XXXXXXX Term Guaranty, each of the Agent and the Banks shall promptly execute and deliver such further instruments as XXXXXXX may reasonably request to better confirm the assignment to XXXXXXX of the Chase Documents, provided that XXXXXXX bears the cost thereof (if any) and that the same involves no material risk of liability to any of the Agent or the Banks.