Additional Credit Support. As additional credit support for, and as an inducement for Lender to make, the Loan contemplated hereunder, all Obligations of Borrower to Lender shall be guaranteed by Guarantor, jointly and severally with Borrower, pursuant to the Guaranty. The obligations of Guarantor shall be absolute, unconditional and unlimited, and shall continue so long as any Obligations of Borrower to Lender remain outstanding.
Additional Credit Support. The Seller’s obligations under the Agreement during the period after the end of the General Warranty Period, including its obligations with respect to the warranties set forth in Article 9, shall be supported by cash Collateral, a Letter of Credit, a parent guaranty, or other credit support, in each case acceptable to the Purchaser in its sole discretion.
Additional Credit Support. (a) Without limiting Transporter's other rights under article 17 of the General Terms and Conditions, pursuant to section 17.8 of the General Terms and Conditions, Shipper acknowledges and agrees that it shall be obligated to provide Transporter with additional financial assurance above and beyond the Credit Support, in accordance with this Section 5.4. in the form of one or more Approved Letters of Credit (the "Additional Credit Support").
Additional Credit Support. AutoNation further agrees that, solely upon a final order in the Case approving confirmation of a plan of reorganization under Section 1129 of the Bankruptcy Code (a "Plan") or a sale of all or substantially all of Debtors assets (as a going concern) under Section 363 of the Bankruptcy Code (a "Sale"), AutoNation shall agree to guaranty up to $10,500,000 of (i) domestic airport concession surety bonds selected by ANC from the list of airport locations listed on Exhibit A, or (ii) other bonds as requested by Debtors and approved by AutoNation in its reasonable discretion (the "Additional Credit Support", and together with the Guaranty, the "Credit Support"), until the earlier of the December 31, 2006 or the earlier cancellation of such Additional Credit Support (together with the Guaranty Termination Date, a "Termination Date"). To the extent that an underlying bond obligation for which AutoNation provides Additional Credit Support is cancelled or terminated for any reason prior to the Termination Date, AutoNation shall continue to provide Additional Credit Support on another bond, as requested by Debtor and approved by AutoNation in its reasonable discretion, up to an aggregate amount not to exceed $10,500,000. Any obligation to provide Additional Credit Support shall terminate upon the dismissal or conversion of the Case. The Additional Credit Support shall only support surety bonds that, by their terms, terminate on or before December 31, 2006. If for any reason the Additional Credit Support is not cancelled prior to the Termination Date, ANC hereby agrees to take such actions as are necessary to cancel and/or replace the Additional Credit Support on the Termination Date, which may include providing substitute credit support for the Additional Credit Support effective as of the Termination Date. ANC also agrees to use its reasonable best efforts to obtain a full and unconditional release of AutoNation's obligations under the Additional Credit Support as of the Termination Date, without payment by, or other obligation of, AutoNation.
Additional Credit Support. Unless otherwise consented to by the Agent, the Borrowers shall cause the Specified Supplier Letter of Credit (or a replacement therefor acceptable to the Agent) to be maintained at all times, unless such letter of credit has been fully drawn by the beneficiary thereof. Notwithstanding the foregoing, if no Default or Event of Default has occurred and is continuing or would result therefrom, the Specified Supplier Letter of Credit may be reduced or terminated in a maximum amount not to exceed the aggregate amount of all Additional Equity Contributions not otherwise utilized for a reduction to the Supporting Letters of Credit.
Additional Credit Support. (a) Upon the occurrence of the Guarantee and Pledge Date, the Borrower shall, within five Business Days after the Guarantee and Pledge Date:
Additional Credit Support. (a) The NAF Entities will deliver or cause to be delivered to the Lender any and all subordinate securities (together with appropriate, fully-executed bond powers and assignments) received by them or by any Affiliate of the NAF Entities pursuant to any Securitization in order to create a first-priority, perfected security interest therein in favor of the Lender.
Additional Credit Support. XXXXXXX XXXXX PAN and XXXX XXXX PAN ------------------------- (collectively, "Guarantors") will guaranty Borrower's obligations under this Agreement pursuant to a Payment Guaranty of even date herewith (collectively, the "Guaranties").
Additional Credit Support. To the extent that Alcatel Lender or any other provider of vendor financing to the Borrower Group shall, during any period from the date hereof through that date eighteen (18) months following the Effective Date, enjoy any credit support or security therefor from any shareholder of Holdings or their Affiliates, then such credit support and any security therefor, shall be immediately provided to Administrative Agent and Lenders hereunder on a pari passu basis.
Additional Credit Support. Party A undertakes to repay the capital of the Securitization project for the current period, with support by the Tianjin Municipal People's Government with the financial funds of Tianjin.
