Binding Guarantees Sample Clauses

Binding Guarantees. After the issuance of a Guarantee Certificate with respect to a Disbursement or the endorsement of a Guarantee Legend on a Note or the issuance of a Guaranteed Note Certificate with respect to a Note or Note Series, the Guarantee with respect to such Disbursement or such Note or Note Series, as the case may be, shall be binding on Ex-Im Bank even though payment under such Note or any Serial Note of such Note Series is held to be unenforceable, except to the extent provided in Sections 4.04, 4.05, and/or 4.06. Ex-Im Bank acknowledges and agrees that any Borrower’s failure to comply with any of the Guarantee eligibility requirements set forth in Section 3 shall not affect the binding nature of a Guarantee. Ex-Im Bank reserves the right to pursue any or all other available remedies in the event of any such failure.
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Binding Guarantees. After the issuance of a Lease Delivery Approval with respect to a Lease Delivery, the Guarantee with respect to such Lease Supplement Financed Amount shall be binding on Ex-Im Bank even though payment under the relevant Lease Agreement and/or Lease Supplement(s) is held to be unenforceable, except to the extent provided in Sections 4.04, 4.05 and/or 4.06. Ex-Im Bank acknowledges and agrees that the binding nature of a Guarantee shall not be affected by any Lessee’s failure to comply with any of the Guarantee eligibility requirements set forth in Section 3. Ex-Im Bank reserves the right to pursue any or all other available remedies in the event of any such failure.
Sample 1
Binding Guarantees. After the issuance of a Lease Delivery Approval with respect to a Lease Delivery, the Guarantee with respect to such Lease Supplement Financed Amount shall be binding on Ex­Im Bank even though payment under the relevant Lease Agreement and/or Lease Supplement(s) is held to be unenforceable, except to the extent provided in Sections 4.04, 4.05 and/or 4.06. Ex­Im Bank acknowledges and agrees that the binding nature of a Guarantee shall not be affected by any Lessee’s failure to comply with any of the Guarantee eligibility requirements set forth in Section 3. Ex­Im Bank reserves the right to pursue any or all other available remedies in the event of any such failure.
Sample 1
Binding Guarantees. After the issuance of a Guarantee Certificate with respect to a Disbursement or the delivery by the Agent of one or more Notices of IDC Disbursement to Ex- Im Bank or the endorsement of a Guarantee Legend on a Note or the issuance of a Guaranteed Note Certificate with respect to a Note or Note Series, the Guarantee with respect to such Disbursement or such Note or Note Series, as the case may be, shall be binding on Ex-Im Bank even though payment under such Note or any Serial Note of such Note Series is held to be unenforceable, except to the extent provided in Sections 4.04, 4.05, and/or 4.06. Ex-Im Bank acknowledges and agrees that any Borrower’s failure to comply with any of the Guarantee eligibility requirements set forth in Section 3 shall not affect the binding nature of a Guarantee. Ex-Im Bank reserves the right to pursue any or all other available remedies in the event of any such failure.
Sample 1

Related to Binding Guarantees

  • Continuing Guaranty This Guaranty is a continuing guaranty and shall remain in effect until all of the Guaranteed Obligations shall have been paid in full and the Revolving Commitments shall have terminated and all Letters of Credit shall have expired or been cancelled. Each Guarantor hereby irrevocably waives any right to revoke this Guaranty as to future transactions giving rise to any Guaranteed Obligations.

  • The Guarantee Each Guarantor hereby jointly and severally with the other Guarantors guarantees, as a primary obligor and not merely as a surety to each Secured Party and their respective permitted successors and assigns, the prompt payment in full when due (whether at stated maturity, by required prepayment, declaration, demand, by acceleration or otherwise) of the principal of and interest (including any interest, fees, costs or charges that would accrue but for the provisions of (i) the Title 11 of the United States Code after any bankruptcy or insolvency petition under Title 11 of the United States Code and (ii) any other Debtor Relief Laws) on the Loans made by the Lenders to, and the Notes held by each Lender of, the Borrower, and all other Secured Obligations from time to time owing to the Secured Parties by any Loan Party or any Subsidiary under any Loan Document or any Secured Hedge Agreement or any Treasury Services Agreement, in each case strictly in accordance with the terms thereof (such obligations, including any future increases in the amount thereof, being herein collectively called the “Guaranteed Obligations”); provided, however, that Guaranteed Obligations shall exclude all Excluded Swap Obligations. The Guarantors hereby jointly and severally agree that if the Borrower or other Guarantor(s) shall fail to pay in full when due (whether at stated maturity, by acceleration or otherwise) any of the Guaranteed Obligations, the Guarantors will promptly pay the same in cash, without any demand or notice whatsoever, and that in the case of any extension of time of payment or renewal of any of the Guaranteed Obligations, the same will be promptly paid in full when due (whether at extended maturity, by acceleration or otherwise) in accordance with the terms of such extension or renewal.

  • Obligations Unconditional The obligations of the Guarantors under Section 11.01 shall constitute a guarantee of payment and to the fullest extent permitted by applicable Law, are absolute, irrevocable and unconditional, joint and several, irrespective of the value, genuineness, validity, regularity or enforceability of the Guaranteed Obligations of the Borrower under this Agreement, the Notes, if any, or any other agreement or instrument referred to herein or therein, or any substitution, release or exchange of any other guarantee of or security for any of the Guaranteed Obligations, and, irrespective of any other circumstance whatsoever that might otherwise constitute a legal or equitable discharge or defense of a surety or Guarantor (except for payment in full). Without limiting the generality of the foregoing, it is agreed that the occurrence of any one or more of the following shall not alter or impair the liability of the Guarantors hereunder which shall remain absolute, irrevocable and unconditional under any and all circumstances as described above:

  • Daily Guarantee (a) Subject to the provisions of subsection (c), an employee reporting for a scheduled shift on the call of the Employer, shall receive the employee's regular hourly rate of pay for the entire period spent at the place of work, with a minimum of two (2) hours' pay at the regular hourly rate.

  • Joint and Several Liabilities 10 Sector members acknowledge and agree that they and the sector may be held jointly and 11 severally liable if they or their hired captain or crew

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