ADDITIONAL GUARANTOR CONVENANTS Clause Samples

ADDITIONAL GUARANTOR CONVENANTS. So long as any amount of the Loan shall remain unpaid, or the Lender shall have any Commitment hereunder, the Guarantors shall: (a) MINIMUM NET WORTH. PriceSmart, Inc. shall maintain a minimum net worth of US$55,000,000.00, at all times. (b) EXISTING OWNERSHIP. PriceSmart, Inc., shall not diminish existing ownership in PSMT Caribe, Inc.