Examples of Sponsor Guaranties in a sentence
The parties agree that the Sponsor Guaranties and the Sponsor Collateral constitute Security Documents.
The LLC Agreement shall have been executed by the Class B Equity Investor and delivered to the Class A Equity Investors, and the Sponsor Guaranties shall have been executed by the applicable Sponsor Guarantors and wet ink, original signatures shall have been delivered to the Class A Equity Investors.
The Parties, for themselves, their Affiliates, successors and permitted assigns agree that, notwithstanding anything to the contrary herein or in any other agreement, any liability for indemnification under this Article VIII shall be without duplication of recovery of amounts payable under this Agreement, the LLC Agreement, the PSA or the Sponsor Guaranties.
The parties further acknowledge and agree that the $1,801,831.66 payment received by Agent under the Sponsor Guaranties on July 1, 2002 was applied against the June 30, 2002 Scheduled Installments of both Term Loans.
Each Lender hereby further authorizes Administrative Agent, on behalf of and for the benefit of Lenders, to be the agent for and representative of Lenders with respect to the Guaranty and the Sponsor Guaranties.
Under the Jr. Mezz JAT Guaranties and the Jr. Mezz Sponsor Guaranties respectively, JAT and TDP guaranteed payment of certain debt obligations of PPPII to Parallel Fund, in accordance with the particular terms and conditions of each of the Jr. Mezz JAT Guaranties and the Jr. Mezz Sponsor Guaranties.
To the extent the Class B Equity Investor does not pay the full Class A Withdrawal Price on the Class A Withdrawal Date, the Class A Equity Investors may elect to seek payment of any shortfall pursuant to the Sponsor Guaranties.
The LLC Agreement and each of the Sponsor Guaranties have been executed by the Class A Equity Investors and delivered to the Class B Equity Investor.
Any proceeds obtained by Agent or Borrower from the Sponsor Guaranties and the Sponsor Collateral shall be applied as a prepayment, to be applied first in prepayment of the Term Loans, pro rata against all remaining scheduled installments, and if the Term Loans shall have been repaid in full, then in prepayment of the Revolving Loan, unless such proceeds relate to an Event of Default under Section 6.1(A) in which case such proceeds shall be applied to cure such Event of Default.
Any such equity contribution or payment under the Sponsor Guaranties shall be applied as a prepayment, to be applied first in prepayment of the Term Loans, pro rata against all remaining scheduled installments, and if the Term Loans shall have been repaid in full, then in prepayment of the Revolving Loan.