Facility Guarantor Sample Clauses
The Facility Guarantor clause defines the party or parties who guarantee the obligations of the borrower under a facility agreement. Typically, this clause identifies the guarantor, outlines the scope of their guarantee, and specifies the circumstances under which the guarantee is triggered, such as a default by the borrower. By establishing a guarantor, this clause provides additional security to the lender, ensuring that the lender can recover amounts owed even if the primary borrower fails to meet its obligations.
Facility Guarantor. Parent, each U.S. Borrower, each Foreign Borrower and each Domestic Restricted Subsidiary (other than any CFC Holdco or any direct or indirect Subsidiary of a Subsidiary that is a CFC) or other Person that guarantees payment and performance of any U.S. Facility Obligations.
Facility Guarantor the Parent, each U.S. Borrower and each Domestic Subsidiary or other Person that guarantees payment and performance of any U.S. Facility Obligations.
Facility Guarantor each U.S. Domiciled Loan Party and each other Person (if any) who guarantees payment and performance of any U.S. Facility Obligations.