Common use of Covenants of the Guarantor Clause in Contracts

Covenants of the Guarantor. Subject to the provisions of the Guarantor Agreement, the Guarantor covenants and agrees with the Bond Trustee that it shall: (a) duly and punctually pay and discharge all monies and liabilities whatsoever which now are or at any time hereafter may (whether before or after the Security has become enforceable pursuant to this Agreement) become due and payable to the Bond Trustee (whether for its own account or as trustee for the Secured Creditors) or any of the other Secured Creditors by the Guarantor, whether actually or contingently, solely or jointly with one or more Persons and whether as principal or guarantor under or pursuant to this Agreement or any other of the Transaction Documents; (b) observe, perform and satisfy all of its other obligations and liabilities under or pursuant to this Agreement and/or any of the Transaction Documents; (c) not do anything inconsistent with the Security or knowingly to prejudice the Security or the Bond Trustee’s interest therein; and (d) comply in all respects with the Priorities of Payments as set out in the Guarantor Agreement prior to and until service of a Guarantor Acceleration Notice on the Guarantor.

Appears in 6 contracts

Samples: General Security Agreement, General Security Agreement, General Security Agreement

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Covenants of the Guarantor. Subject to the provisions of the Guarantor Agreement, the Guarantor covenants and agrees with the Bond Trustee that it shall: (a) duly and punctually pay and discharge all monies and liabilities whatsoever which now are or at any time hereafter may (whether before or after the Security has become enforceable pursuant to this Agreement) become due and payable to the Bond Trustee (whether for its own account or as trustee for the Secured Creditors) or any of the other Secured Creditors by the Guarantor, whether actually or contingently, solely or jointly with one or more Persons and whether as principal or guarantor under or pursuant to this Agreement or any other of the Transaction Documents; (b) observe, perform and satisfy all of its other obligations and liabilities under or pursuant to this Agreement and/or any of the other Transaction Documents; (c) not do anything inconsistent with the Security or knowingly to prejudice the Security or the Bond Trustee’s interest therein; and (d) comply in all respects with the Priorities of Payments as set out in the Guarantor Agreement prior to and until service of a Guarantor Acceleration Notice on the Guarantor.

Appears in 2 contracts

Samples: General Security Agreement (BMO Covered Bond Guarantor Limited Partnership), General Security Agreement

Covenants of the Guarantor. Subject to the provisions of the Guarantor Limited Partnership Agreement, the Guarantor covenants and agrees with the Bond Trustee that it shall: (a) duly and punctually pay and discharge all monies and liabilities whatsoever which now are or at any time hereafter may (whether before or after the Security has become enforceable pursuant to this Agreement) become due and payable to the Bond Trustee (whether for its own account or as trustee for the Secured Creditors) or any of the other Secured Creditors by the Guarantor, whether actually or contingently, solely or jointly with one or more Persons and whether as principal or guarantor under or pursuant to this Agreement or any other of the Transaction Documents; (b) observe, perform and satisfy all of its other obligations and liabilities under or pursuant to this Agreement and/or any of the Transaction Documents; (c) not do anything inconsistent with the Security or knowingly to prejudice the Security or the Bond Trustee’s interest therein; and (d) comply in all respects with the Priorities of Payments as set out in the Guarantor Limited Partnership Agreement prior to and until service of a Guarantor Acceleration Notice on the Guarantor.

Appears in 1 contract

Samples: General Security Agreement

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Covenants of the Guarantor. Subject to the provisions of the Guarantor Agreement, the Guarantor covenants and agrees with the Bond Trustee that it shall: (a) duly and punctually pay and discharge all monies and liabilities whatsoever which now are or at any time hereafter may (whether before or after the Security has become enforceable pursuant to this Agreement) become due and payable to the Bond Trustee (whether for its own account or as trustee for the Secured Creditors) or any of the other Secured Creditors by the Guarantor, whether actually or contingently, solely or jointly with one or more Persons and whether as principal or guarantor under or pursuant to this Agreement or any other of the Transaction Documents; (b) observe, perform and satisfy all of its other obligations and liabilities under or pursuant to this Agreement and/or any of the Transaction Documents; (c) not do anything inconsistent with the Security or knowingly to prejudice the Security or the Bond Trustee’s interest therein; and (d) comply in all respects with the Priorities of Payments as set out in the Guarantor Agreement prior to and until service of a Guarantor Acceleration Notice on the Guarantor.

Appears in 1 contract

Samples: General Security Agreement

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