Common use of Credit Support Guaranties Clause in Contracts

Credit Support Guaranties. 13.4.1 As security for the prompt payment and performance in full when due of Aron’s obligations under this Agreement, Xxxx shall cause its Guarantor to (i) deliver to DCR prior to the Commencement Date its Guaranty in form and substance reasonably acceptable to DCR and (ii) maintain such Guaranty in effect for the Term hereof. 13.4.2 As security for the prompt payment and performance in full when due of DCR’s obligations under this Agreement, DCR shall cause its Guarantor to (i) deliver to Xxxx prior to the Commencement Date its Guaranty in form and substance reasonably acceptable to Xxxx and (ii) maintain such Guaranty in effect for the Term hereof.

Appears in 3 contracts

Samples: Inventory Intermediation Agreement (PBF Finance Corp), Inventory Intermediation Agreement (PBF Energy Inc.), Inventory Intermediation Agreement (PBF Holding Co LLC)

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Credit Support Guaranties. 13.4.1 As security for the prompt payment and performance in full when due of Aron’s obligations under this Agreement, Xxxx shall cause its Guarantor to (i) deliver to DCR PRC prior to the Commencement Date its Guaranty in form and substance reasonably acceptable to DCR PRC and (ii) maintain such Guaranty in effect for the Term hereof. 13.4.2 As security for the prompt payment and performance in full when due of DCRPRC’s obligations under this Agreement, DCR PRC shall cause its Guarantor to (i) deliver to Xxxx prior to the Commencement Date its Guaranty in form and substance reasonably acceptable to Xxxx and (ii) maintain such Guaranty in effect for the Term hereof.

Appears in 3 contracts

Samples: Inventory Intermediation Agreement (PBF Finance Corp), Inventory Intermediation Agreement (PBF Energy Inc.), Inventory Intermediation Agreement (PBF Holding Co LLC)

Credit Support Guaranties. 13.4.1 As security for the prompt payment and performance in full when due of Aron’s obligations under this Agreement, Xxxx shall cause its Guarantor to (i) deliver to DCR prior to the Commencement Date its Guaranty in form and substance reasonably acceptable to DCR and (ii) maintain such Guaranty in effect for the Term hereof. 13.4.2 As security for the prompt payment and performance in full when due of DCR’s obligations under this Agreement, DCR shall cause its Guarantor to (i) deliver to Xxxx prior to the Commencement Date its Guaranty in form and substance reasonably acceptable to Xxxx and (ii) maintain such Guaranty in effect for the Term hereof.. ny-1664023

Appears in 1 contract

Samples: Inventory Intermediation Agreement (PBF Energy Co LLC)

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Credit Support Guaranties. 13.4.1 As security for the prompt payment and performance in full when due of Aron’s obligations under this Agreement, Xxxx shall cause its Guarantor to (i) deliver to DCR PRC prior to the Commencement Date its ny-1739899 Guaranty in form and substance reasonably acceptable to DCR PRC and (ii) maintain such Guaranty in effect for the Term hereof. 13.4.2 As security for the prompt payment and performance in full when due of DCRPRC’s obligations under this Agreement, DCR PRC shall cause its Guarantor to (i) deliver to Xxxx prior to the Commencement Date its Guaranty in form and substance reasonably acceptable to Xxxx and (ii) maintain such Guaranty in effect for the Term hereof.

Appears in 1 contract

Samples: Inventory Intermediation Agreement (PBF Energy Co LLC)

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