Collateral and Guaranty Clause Samples
The 'Collateral and Guaranty' clause defines the requirement for a borrower or obligor to provide assets or third-party guarantees as security for fulfilling their obligations under an agreement. In practice, this means the borrower may pledge property, equipment, or other valuable assets, or a guarantor may promise to cover the debt if the borrower defaults. This clause serves to protect the lender by reducing the risk of loss, ensuring there are tangible or enforceable means to recover funds if the primary party fails to meet their commitments.
Collateral and Guaranty. The Obligations shall be secured by the Collateral pursuant to the Collateral Documents and be guaranteed by the Significant Subsidiaries pursuant to the Subsidiary Guaranty.
Collateral and Guaranty. The Obligations shall be secured by the Collateral pursuant to the Collateral Documents and be guaranteed by Parent pursuant to the Parent Guaranty and by the Sibling Guarantors pursuant to the Sibling Guaranty.
Collateral and Guaranty. 47 5.1 Collateral--Personal Property....................................................................... 47 5.2 Mortgages........................................................................................... 47 5.3 Guaranty............................................................................................ 47 5.4
Collateral and Guaranty. The Obligations shall be secured by the Collateral pursuant to the Collateral Documents and be guaranteed by Parent pursuant to the Second Amended and Restated Parent Guaranty and by the Sibling Guarantors pursuant to the Second Amended and Restated Sibling Guaranty.
Collateral and Guaranty. 37 2.6 Lender's Acknowledgement . . . . . . . . . . . . . . . . . . . . 37
Collateral and Guaranty. The Obligations of the Borrower under this Agreement and under the other Loan Documents shall be guaranteed by the Company and secured by the Collateral pursuant to the Collateral Documents.
Collateral and Guaranty. 10 Section 4.1. Collateral .............................................. 10 Section 4.2. Guaranty ................................................ 10 SECTION 5. DEFINITIONS; INTERPRETATION ............................... 10 Section 5.1. Definitions ............................................. 10 Section 5.2. Interpretation .......................................... 18
Collateral and Guaranty. 4.1 Grant of Liens and Security Interests in Collateral.
Collateral and Guaranty. Party B will provide collateral to guarantee its performance of this contract.
Collateral and Guaranty. To induce the Bank to enter into this Agreement and make the Loan to the Borrower, the Borrower and Guaranty agree as follows: