Additional Guaranteed Obligations Sample Clauses

Additional Guaranteed Obligations. Any Indebtedness issued by a Guarantor or for which a Guarantor otherwise becomes obligated after the date of this Agreement shall become a Guaranteed Obligation upon the execution by all Guarantors of a notation of guarantee substantially in the form of Annex B hereto, which shall be affixed to the instrument or instruments evidencing such Indebtedness. Each such notation of guarantee shall be signed on behalf of each Guarantor by a duly authorized officer prior to the authentication or issuance of such Indebtedness.
AutoNDA by SimpleDocs
Additional Guaranteed Obligations. (a) The Guarantor may from time to time designate any indebtedness constituting a Capital Markets Event as an additional Guaranteed Obligation by delivering to the Collateral Agent a certificate signed by a financial officer that (i) identifies such indebtedness and the material terms thereof and (ii) states that the obligations thereunder are designated as Guaranteed Obligations; provided that no such designation shall be effective unless and until, and solely to the extent that, the commitments under the Credit Agreements shall have been reduced and the loans outstanding thereunder shall have been repaid, in each case to the extent required by the terms of the Credit Agreements as a result of such Capital Markets Event; provided further that if a designation of indebtedness constituting a Capital Markets Event shall have been made pursuant to (and in accordance with the terms of) (x) Section 22(b) of the U.S. Security Agreement or (y) Section 21(b) of the Canadian Security Agreement, then such designated indebtedness shall constitute a Guaranteed Obligation of the Guarantor without any further action on the part of the Guarantor.
Additional Guaranteed Obligations. The creation or existence from time to time of additional Guaranteed Obligations to the Administrative Agent or the Lender or any of them is hereby authorized, without notice to the Subsidiary Guarantors (or any of them), and shall in no way affect or impair the rights of the Administrative Agent or the Lender or the obligations of the Subsidiary Guarantors under this Subsidiary Guaranty, including each of the Subsidiary Guarantors guaranty of such additional Guaranteed Obligations.
Additional Guaranteed Obligations. Notwithstanding anything to the contrary in the foregoing, the “Obligations” of the Parentany Guarantor shall exclude any Excluded Swap Obligations with respect to the Parentsuch Guarantor. “OFAC” means the Office of Foreign Assets Control of the United States Department of the Treasury. “Organizational Document” means: (a) relativewith respect to each Person that is a corporation, its charter and its by-laws (or similar documents),; (b) relativewith respect to each Person that is a limited liability company, its certificate of formation and its operating agreement (or similar documents),; (c) relativewith respect to each Person that is a limited partnership, its certificate of formation and its limited partnership agreement (or similar documents),; (d) relativewith respect to each Person that is a general partnership, its partnership agreement (or similar document); and (e) relativewith respect to any Person that is any other type of entity, such documents as shall be comparable to the foregoing. “Other Connection Taxes” means, with respect to any Recipient, Taxes imposed as a result of a present or former connection between such Recipient and the jurisdiction imposing such Tax (other than connections arising from such Recipient having executed, delivered, become a party to, performed its obligations under, received payments under, received or perfected a security interest under, engaged in any other transaction pursuant to or enforced any Loan Document, or sold or assigned an interest in any Loan or Loan Document).
Additional Guaranteed Obligations. All amounts due under this Section 10 shall be payable within ten days of written demand therefor. If any amount payable by any Loan Party under this Agreement is not paid when due, such amount shall (i) thereafter bear interest at a fluctuating interest rate per annum at all times equal to the Default Rate to the fullest extent permitted by applicable Laws and (ii) be additional Guaranteed Obligation.
Time is Money Join Law Insider Premium to draft better contracts faster.