Change of Guarantor Sample Clauses

Change of Guarantor. 4.10.1 If a new Guarantor is to provide Collateral for the Issuer's outstanding financial instruments, the new Guarantor must enter into the Issuer's Framework Agreement by means of a written declaration of consent. The inclusion of the new Guarantor requires the written approval of SSX, the departing Guarantor, and the Issuer. Approval from SIX SIS shall be deemed given automatically upon signature of this Framework Agreement. SSX will inform SIX SIS of the new Guarantor.
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Change of Guarantor. The Guarantor may not assign any of its rights or transfer any of its obligations under this Guarantee without the written consent of the Security Agent.
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Change of Guarantor. Upon AirAsia Group Berhad (“AAG”) acquiring 100% of the shares of AAB, Seller will procure that AAG will accede to this Agreement as the “Guarantor” by delivering to the Purchaser an Accession Deed duly executed by the Seller, AAB and AAG and upon such delivery (i) all references in this Agreement to “Guarantor” will be deemed to be references to AAG and (ii) AAB will be automatically released from its obligations as Guarantor pursuant to this Agreement.
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Change of Guarantor. Hydro undertakes to agree that upon the execution of the NG Stock Purchase Agreement and the Shareholders Agreement and the fulfillment of the obligation to amend the by-laws of the Companies in accordance with Section 5.1 above, Hydro shall consent to SQNH becoming the guarantor of any debt of NG, OB, PC and PCOS and Subsidiaries, currently guaranteed by Mx. Xxxxx Xxxxx Lerou, subject to the consent of the creditors with respect to such debt and the release of Mx. Xxxxx Xxxxx Lerou from such guarantees.
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Change of Guarantor. Hydro undertakes to agree that upon the exercise of the Hydro Option, Hydro shall consent that SQH becomes the guarantor of any debt of SQGC, SQH, NG, OB, PC and PCOS and Subsidiaries, currently guaranteed by Mr. Xxxxx Xxxxx Xxxou, subject to the consent of the creditors with respect to such debt and the release of Mr. Xxxxx Xxxxx Lerou from such guarantees.
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Change of Guarantor. As from the date hereof, SQNH offers to become the guarantor of the debt of NG, OB and PC currently guaranteed by Mx. Xxxxx Xxxxx Lerou, subject to the consent of the lenders with respect to such debt and the release of Mx. Xxxxx Xxxxx Lerou from such guarantees.
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Change of Guarantor. Upon AirAsia Group Berhad (“AAG”) acquiring 100% of the shares of the Vendor Guarantor, the Vendor will procure that AAG will accede to this Agreement as the Vendor Guarantor by delivering to the Purchaser an accession deed duly executed by the Vendor, AAB and AAG in the form of Schedule 11 (Form of Deed of Accession) (an “Accession Deed”) and upon such delivery (i) all references in this Agreement to “Vendor Guarantor” will be deemed to be references to AAG and (ii) AAB will be automatically released from its obligations as Vendor Guarantor pursuant to this Agreement.
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Change of Guarantor. Upon the exercise of the Hydro Option, SQH shall offer to become the guarantor of the debt of SQH, NG, OB and PC currently guaranteed by Mr. Xxxxx Xxxxx Xxxou, subject to the consent of the lenders with respect to such debt and the release of Mr. Xxxxx Xxxxx Xxxou from such guarantees.
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Change of Guarantor. As from the date hereof, SQNH offers to become the guarantor of the debt of NG, OB and PC currently guaranteed by Mr. Julio Ponce Lerou, subject to the xxxxxxx xf the lenders with respect to such debt and the release of Mr. Julio Ponce Lerou from such xxxxxxxxxx.
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Related to Change of Guarantor

  • Release of Guarantor A Guarantor shall be released from all of its obligations under its Guarantee if:

  • Discharge of Guaranty Upon Sale of Guarantor If all of the Capital Stock of any Guarantor or any of its successors in interest hereunder shall be sold or otherwise disposed of (including by merger or consolidation) in accordance with the terms and conditions hereof, the Guaranty of such Guarantor or such successor in interest, as the case may be, hereunder shall automatically be discharged and released without any further action by any Beneficiary or any other Person effective as of the time of such Asset Sale.

  • Release of Guarantors In connection with (x) a Subsidiary Guarantor no longer being a Material Subsidiary or (y) the sale of Equity Interests in a Subsidiary Guarantor permitted under Section 10.4, the Borrower may request in writing that the Administrative Agent release, and upon receipt of such request the Administrative Agent shall release, such Subsidiary Guarantor from the Subsidiary Guaranty and any other applicable Security Documents so long as: (i) such Subsidiary Guarantor owns no Property included in the most-recent calculation of the Borrowing Base, nor any Equity Interest in any Subsidiary Guarantor that owns a Property included in the most-recent calculation of Borrowing Base; (ii) no Event of Default shall then be in existence or would occur as a result of such release; (iii) the representations and warranties made by the Borrower and such Subsidiary Guarantor in the Loan Documents to which any of them is a party, shall be true and correct in all material respects (except in the case of a representation or warranty qualified by materiality, in which case such representation or warranty shall be true and correct in all respects) on and as of the date of such release with the same force and effect as if made on and as of such date except to the extent that such representations and warranties expressly relate solely to an earlier date (in which case such representations and warranties shall have been true and correct in all material respects (except in the case of a representation or warranty qualified by materiality, in which case such representation or warranty shall be true and correct in all respects and except for changes in factual circumstances specifically and expressly permitted hereunder)); and (iv) the Administrative Agent shall have received such written request at least ten (10) Business Days (or such shorter period as may be acceptable to the Administrative Agent) prior to the requested date of release. Delivery by the Borrower to the Administrative Agent of any such request shall constitute a representation by the Borrower that the matters set forth in the preceding sentence (both as of the date of the giving of such request and as of the date of the effectiveness of such request) are true and correct with respect to such request. Lenders hereby irrevocably authorize the Administrative Agent to release a Subsidiary Guarantor from the Subsidiary Guaranty in accordance with this Section 4.6.

  • Addition of Guarantors The initial Guarantors hereunder shall be each of the Subsidiaries of Parent that are signatories hereto and that are listed on Schedule 1 attached hereto. From time to time subsequent to the time hereof, additional Subsidiaries of Parent may become parties hereto as additional Guarantors (each an “Additional Guarantor”) by executing a supplement to this Guaranty Agreement in the form of Exhibit A attached hereto (or such other form as may be satisfactory to the Administrative Agent). Upon delivery of any such supplement to Administrative Agent, notice of which is hereby waived by Guarantors, each such Additional Guarantor shall be a Guarantor and shall be a party hereto as if such Additional Guarantor were an original signatory hereof. Each Guarantor expressly agrees that its obligations arising hereunder shall not be affected or diminished by the addition or release of any other Guarantor hereunder, or by any election by Administrative Agent or any Lenders not to cause any Subsidiary to become an Additional Guarantor hereunder. This Guaranty Agreement shall be fully effective as to any Guarantor that is or becomes a party hereto regardless of whether any such person becomes or fails to become or ceases to be a Guarantor hereunder].2

  • Additional Guarantors; Release of Guarantors SECTION 5.11 OF THE CREDIT AGREEMENT PROVIDES THAT CERTAIN SUBSIDIARIES MUST BECOME GUARANTORS BY, AMONG OTHER THINGS, EXECUTING AND DELIVERING TO AGENT A COPY OF THIS GUARANTY. ANY SUBSIDIARY WHICH EXECUTES AND DELIVERS TO THE AGENT THIS GUARANTY SHALL BE A GUARANTOR FOR ALL PURPOSES HEREUNDER. UNDER CERTAIN CIRCUMSTANCES DESCRIBED IN SECTION 5.10 OF THE CREDIT AGREEMENT, CERTAIN SUBSIDIARIES MAY OBTAIN FROM THE AGENT A WRITTEN RELEASE FROM THIS GUARANTY PURSUANT TO THE PROVISIONS OF SUCH SECTION, AND UPON OBTAINING SUCH WRITTEN RELEASE, ANY SUCH SUBSIDIARY SHALL NO LONGER BE A GUARANTOR HEREUNDER. EACH OTHER GUARANTOR CONSENTS AND AGREES TO ANY SUCH RELEASE AND AGREES THAT NO SUCH RELEASE SHALL AFFECT ITS OBLIGATIONS HEREUNDER.

  • Execution of Guarantee To further evidence the Guarantee to the Holders, the Guarantor hereby agrees to execute a Guarantee substantially in the form of Exhibit A hereto, to be endorsed on and made a part of each Security ordered to be authenticated and delivered by the Trustee. The Guarantor hereby agrees that its Guarantee set forth in Section 2.01 shall remain in full force and effect notwithstanding any failure to endorse on each Security a Guarantee. Each such Guarantee shall be signed on behalf of the Guarantor by its Chairman of the Board, its President or one of its Vice Presidents prior to the authentication of the Security on which it is endorsed, and the delivery of such Security by the Trustee, after the authentication thereof hereunder, shall constitute due delivery of such Guarantee on behalf of the Guarantor. Such signature upon the Guarantee may be a manual or facsimile signature of such officer and may be imprinted or otherwise reproduced on the Guarantee, and in case such officer who shall have signed the Guarantee shall cease to be such officer before the Security on which Guarantee is endorsed shall have been authenticated and delivered by the Trustee or disposed of by the Company, the Security nevertheless may be authenticated and delivered or disposed of as though the Person who signed the Guarantee had not ceased to be such officer of the Guarantor.

  • Scope of Guarantee 1. The financial claims under this contract ("the secured claims") refers to all debts provided by the creditor to the debtor, including but not limited to the principal debt, interest (including default interest, compound interest), breach of contract , damages , expenses of claims.

  • Release of Guarantee The Note Guarantees hereunder may be released in accordance with Section 10.2 of the Indenture.

  • Termination of Guarantee (a) This Guarantee shall terminate upon the occurrence of the following events:

  • Nature of Guarantee The Guaranteed Party shall not be obligated to file any claim relating to the Obligations in the event that Parent or Merger Sub becomes subject to a bankruptcy, reorganization or similar proceeding, and the failure of the Guaranteed Party to so file shall not affect the Guarantor’s obligations hereunder. Subject to the terms hereof, the Guarantor’s liability hereunder is absolute, unconditional, irrevocable and continuing irrespective of any modification, amendment or waiver of or any consent to departure from the Merger Agreement that may be agreed to by Parent or Merger Sub (except where this Limited Guarantee is terminated in accordance with Section 8). In the event that any payment to the Guaranteed Party in respect of the Obligations is rescinded or must otherwise be returned for any reason whatsoever, the Guarantor shall remain liable hereunder with respect to its Guaranteed Percentage of the Obligations (subject to the Cap) as if such payment had not been made by the Guarantor. This Limited Guarantee is an unconditional guarantee of payment and not of collection. This Limited Guarantee is a primary obligation of the Guarantor and is not merely the creation of a surety relationship, and the Guaranteed Party shall not be required to proceed against Parent or Merger Sub first before proceeding against the Guarantor hereunder.

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