Deficiency Guaranty Sample Clauses

Deficiency Guaranty. (a) The parties contemplate that some or all of the EZCORP Shares received by Company shareholders pursuant to Section 3.1(a)(1)(B) will be offered for sale (the “Selling EZCORP Shareholders”) for a period beginning five (5) days after the Closing Date and ending one hundred twenty-five (125) days after the Closing Date (the “Guaranty Period”). If a Selling EZCORP Shareholder sells any of the EZCORP Shares issued as part of the Merger Consideration during the Guaranty Period, in sales that comply with the manner of sale provisions contained in SEC Rule 144(f) (17 C.F.R. Section 230.144(f), hereafter, “Rule 144(f)”), for a gross sales price of less than Fourteen Dollars and Sixty-Seven Cents ($14.67) per EZCORP Share, EZCORP will pay the Selling EZCORP Shareholder the difference between the gross sales price per EZCORP Share and $14.67, up to a maximum of $4.01 per EZCORP Share, up to a maximum of all payments to all Selling EZCORP Shareholders of Twenty Million Dollars ($20,000,000.00) (the “Deficiency Guaranty Amount”). (b) Payments to Selling EZCORP Shareholders up to the Deficiency Guaranty Amount will be made on a first come, first served basis until the amount of the balance of the Deficiency Guaranty Amount is exhausted, in the date and time order that Selling EZCORP Shareholders present proof of sale of EZCORP Shares issued as part of the Merger Consideration to EZCORP or its designated agent. (c) EZCORP will cause the payment in respect of the Deficiency Guaranty Amount to be made within five business days of receipt by EZCORP or its designated agent of proof of sales of EZCORP Shares by EZCORP Selling Shareholders in form satisfactory to EZCORP. (d) EZCORP will cause the Exchange Agent to transmit instructions for claiming and receiving payment from the Deficiency Guaranty Amount with the letter of transmittal described in Section 3.2(b).

Deficiency Guaranty. 4.3.1 The City agrees to provide a deficiency guaranty of funding towards the marketing and FF&E and Capital Reserve obligations of the LCCCA as set forth in section 1, supra, in an amount not to exceed Two Million Dollars ($2,000,000) in total for the period of 2014 through 2020. xxxxx.xxx

Deficiency Guaranty. Following the Closing Date, so long as no Default or Lease Default has occurred and is continuing, Agent and the Lenders shall execute and deliver, and permit Guarantor to execute and deliver, the Deficiency Guaranty in exchange for the termination of the Guaranty upon the delivery to Agent and the Lenders of the following documents: (a) an Acceptable Lessee Acknowledgment; (b) documents of the nature delivered pursuant to Section 3.1(h), as if references therein to "Guaranty" were references to "Deficiency Guaranty";