Common use of Limited Guaranty Clause in Contracts

Limited Guaranty. Concurrently with the execution of this Agreement, the Guarantor has delivered to Parent the Limited Guaranty dated as of the date hereof. The Limited Guaranty is in full force and effect and is a valid and binding obligation of the Guarantor, enforceable against the Guarantor in accordance with its terms, except as limited by Laws affecting the enforcement of creditors’ rights generally, by general equitable principles or by the discretion of any Governmental Authority before which any Action seeking enforcement may be brought (regardless of whether enforcement is sought in a proceeding at law or in equity). As of the date of this Agreement, no event has occurred which, with or without notice, lapse of time or both, would constitute a default on the part of Guarantor under the Limited Guaranty.

Appears in 2 contracts

Samples: Stock Purchase Agreement, Stock Purchase Agreement (Illinois Tool Works Inc)

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Limited Guaranty. Concurrently with the execution of this Agreement, the Guarantor has delivered to Parent Seller the Limited Guaranty dated as of the date hereof. The Limited Guaranty is in full force and effect and is a valid and binding obligation of the Guarantor, enforceable against the Guarantor in accordance with its terms, except as limited by Laws affecting the enforcement of creditors’ rights generally, by general equitable principles or by the discretion of any Governmental Authority before which any Action seeking enforcement may be brought (regardless of whether enforcement is sought in a proceeding at law or in equity). As of the date of this Agreement, no No event has occurred on or prior to the date hereof which, with or without notice, lapse of time or both, would constitute a default on the part of Guarantor under the Limited Guaranty.

Appears in 2 contracts

Samples: Asset and Stock Purchase Agreement (Darden Restaurants Inc), Asset and Stock Purchase Agreement (Darden Restaurants Inc)

Limited Guaranty. Concurrently with the execution of this Agreement, the Guarantor has Guarantors have delivered to Parent the Company the duly executed Limited Guaranty dated as of the date hereofGuaranty. The Limited Guaranty is in full force and effect and is a valid the valid, binding and binding enforceable obligation of the each Guarantor, enforceable against the Guarantor in accordance with its terms, except as that such enforceability (a) may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar Laws affecting or relating to the enforcement of creditors’ rights generally, by generally and (b) is subject to general equitable principles or by the discretion of any Governmental Authority before which any Action seeking enforcement may be brought equity (regardless of whether enforcement is sought considered in a proceeding in equity or at law or in equitylaw). As of the date of this Agreementhereof, no event has occurred occurred, which, with or without notice, lapse of time or both, would constitute a default on the part of any Guarantor under the Limited Guaranty.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Aly Nauman A)

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Limited Guaranty. Concurrently with the execution of this Agreement, the Limited Guarantor has delivered to Parent the Company the duly executed Limited Guaranty dated as of the date hereofGuaranty. The Limited Guaranty is in full force and effect and is a valid the valid, binding and binding enforceable obligation of the Limited Guarantor, enforceable against the Guarantor in accordance with its terms, except as that such enforceability (a) may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar Laws affecting or relating to the enforcement of creditors’ rights generally, by generally and (b) is subject to general equitable principles or by the discretion of any Governmental Authority before which any Action seeking enforcement may be brought equity (regardless of whether enforcement is sought considered in a proceeding in equity or at law or in equitylaw). As of the date of this Agreementhereof, no event has occurred occurred, which, with or without notice, lapse of time or both, would constitute a default on the part of the Limited Guarantor under the Limited Guaranty.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Alco Stores Inc)

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