Examples of Guaranteed Parties in a sentence
The bonds of Guarantee Series B shall be issued, delivered, and pledged to, and registered in the name of, FirstEnergy Service Company, as Custodian, under the Custodian Agreement (as defined below) pursuant to which it acts on behalf of the Guaranteed Parties under the Guaranty Agreement, in order to secure and provide for, and as collateral security for, the Company’s obligations under the Guaranty Agreement.
Administrative Agent may conclusively rely on the Guaranteed Parties as to the amount due to the Guaranteed Parties under Article 6.
Administrative Agent will promptly notify Borrower of any disbursement made to the Guaranteed Parties pursuant to the terms hereof; provided that the failure to give such notice shall not affect the validity of the disbursement.
Any such disbursement made by Administrative Agent to the Guaranteed Parties shall be deemed to be a Base Rate Loan, and Borrower shall be deemed to have given to Administrative Agent, in accordance with the terms and conditions of Section 2.02(a), a Loan Notice with respect thereto.