Security for Guaranty. All of Guarantor’s obligations and liability evidenced by this Guaranty is also secured by all of the Collateral of the Guarantor pursuant to that certain Security Agreement by and between the Guarantor and Lender made of even date herewith (the “Security Agreement”). All of the agreements, conditions, covenants, provisions, representations, warranties and stipulations contained in the Security Agreement or any other Loan Documents to which Guarantor is a party which are to be kept and performed by the Guarantor are hereby made a part of this Guaranty to the same extent and with the same force and effect as if they were fully set forth herein, and the Guarantor covenants and agrees to keep and perform them, or cause them to be kept or performed, strictly in accordance with their terms.
Security for Guaranty. Each Guarantor party hereto authorizes the Collateral Agent in accordance with the terms and subject to the conditions set forth in the Collateral Documents, (i) to take and hold security for the payment of the Guaranteed Obligations and to exchange, enforce, waive and release any such security, (ii) to apply such security and direct the order or manner of sale thereof as the Collateral Agent in its sole discretion may determine and (iii) to release or substitute any one or more endorsees, other Guarantors or Other Credit Parties. The Collateral Agent may, at its election, in accordance with the terms and subject to the conditions set forth in the Collateral Documents, foreclose on any security held by it by one or more judicial or nonjudicial sales, or exercise any other right or remedy available to it against any Credit Party, or any security, without affecting or impairing in any way the liability of any Guarantor hereunder.
Security for Guaranty. Each U.S. Guarantor party hereto authorizes the Collateral Agent in accordance with the terms and subject to the conditions set forth in the Collateral Documents, (i) to take and hold security consisting of U.S. Collateral for the payment of the Guaranteed Obligations and to exchange, enforce, waive and release any such security, (ii) to apply such security and direct the order or manner of sale thereof as the Collateral Agent in its sole discretion may determine and (iii) to release or substitute any one or more endorsees, other U.S. Guarantors or Other Loan Parties, in each case, as set forth in any Loan Document. The Collateral Agent may, at its election, in accordance with the terms and subject to the conditions set forth in the Collateral Documents, foreclose on any security held by it by one or more judicial or nonjudicial sales, or exercise any other right or remedy available to it against any Loan Party, or any security, without affecting or impairing in any way the liability of any U.S. Guarantor hereunder; provided, that, nothing herein shall be deemed to secured the Guaranteed Obligations with any assets other than the U.S. Collateral.
Security for Guaranty. As security for the obligations of the Guarantor hereunder, HPT has retained from the aggregate purchase prices of the Properties pursuant to the Purchase Agreement, the sum of Five Million Dollars ($5,000,000) (the "Guaranty Retained Funds"). HPT shall have no obligation to hold the Guaranty Retained Funds in a segregated account and may commingle the same with its general funds. Provided that no Event of Default shall have occurred and be continuing, HPT shall credit the Guarantor or its assigns with interest on any unapplied balance of the Guaranty Retained Funds at a rate of 11.11% per annum. Such interest shall be credited in arrears and pro rated with respect to any partial month. Provided that (x) no (i) monetary Default, (ii) Default as to which Notice thereof has been given to Tenant or (iii) Event of Default shall have occurred and be continuing under the Lease, (y) Cash Flow on a cumulative basis for a period of twelve (12) full consecutive Accounting Periods equals or exceeds Minimum Rent by forty percent (40%) with respect to such period, and (z) HPT shall receive a schedule evidencing the foregoing, in form and substance reasonably satisfactory to HPT prepared by certified public accountants approved by HPT (such approval not to be unreasonably withheld, delayed or conditioned), HPT shall, within ten (10) Business Days after the written request of the Guarantor, pay any unapplied balance of the Guaranty Retained Funds, together with any accrued and unpaid interest with respect thereto, to the Guarantor. At the written request of the Guarantor, HPT shall credit accrued interest on the Guaranty Retained Funds against the monthly Minimum Rent.
Security for Guaranty. All sums at any time to our credit and any of our present and future property at any time in your possession shall be deemed held by you as security for any and all of our obligations to you hereunder.
Security for Guaranty. The Guarantor acknowledges that the security interest created by means of that certain Security Agreement dated April 30, 1996, whereby Guarantor granted the Bank a security interest securing the payment of certain promissory notes of even date therewith and any other indebtedness then existing or thereafter arising, due or to become due, absolute or contingent, and whether several, joint, or joint and several, of the Guarantor to the Bank secures, and was intended to secure the Term Loan and the obligations of the Guarantor under this Loan Agreement
Security for Guaranty. 4.1 Guarantor hereby pledges, transfers and assigns to Trustee, on behalf of itself and the Debentureholders, and grants to Trustee as security for obligations of Guarantor under this Guaranty to pay and perform the Guarantied Obligations, a continuing security interest in and to the Secured Assets and all of Guarantor's right, title and interest therein. This pledge, assignment and grant of security interest shall secure payment of the Guarantied Obligations up to the Guaranty Limit. Guarantor represents and warrants that Trustee's security interest in the Secured Assets is a valid, first priority, perfected security interest in the Secured Assets subject only to Permitted Priority Encumbrances (as defined in the Indenture). Guarantor represents that no prior security interests exists with respect to the Secured Assets that no Person has any right in or to the Secured Assets, which is maintained solely as security for the obligations of Guarantor hereunder.
Security for Guaranty. This Guaranty is secured by that certain Assignment of Promissory Note as Collateral Security (“Assignment of Note”) given by Guarantor to Lender and dated effective as of even date herewith. The Assignment of Note shall be deemed for all purposes to be one of the “Loan Documents” as such term is further defined in the Note.
Security for Guaranty a) Bxxxx'x obligations to make the Guaranty Reimbursement shall be secured by the pledge, subject to any prior or senior pledge in favor of the Bank relating to the Loan applicable to such Guaranty, of those shares of Common Stock acquired with the proceeds of the Loan. Such pledge shall be evidenced by a pledge agreement executed by Bxxxx in favor of the Company, in form satisfactory to Company's counsel. To the extent permissible under the Loan, shares of Common Stock so pledged shall, from time to time, be physically delivered to the Company, together with a stock power endorsed in blank by Bxxxx in favor of the Company and such other documentation as the Company, with advice of counsel, may request.
Security for Guaranty. Each of the Guarantors authorizes the Collateral Agent, in accordance with the terms and subject to the conditions set forth in the Collateral Documents and applicable Law, to (i) take and hold security for the payment of this Agreement and the Guaranteed Obligations and to exchange, enforce, waive and release any such security, (ii) apply such security and direct the order or manner of sale thereof as the Collateral Agent in its sole discretion may determine and (iii) release or substitute any one or more endorsees, other guarantors or other obligors. The Collateral Agent may, at its election, in accordance with the terms and subject to the conditions set forth in the Collateral Documents and applicable Law, foreclose on any security held by it by one or more judicial or nonjudicial sales, or exercise any other right or remedy available to it against any Loan Party, or any security, without affecting or impairing in any way the liability of any of the Guarantors hereunder, except to the extent the Guaranteed Obligations have been indefeasibly paid in full in cash.
