General Continuing Guaranty Sample Clauses
A General Continuing Guaranty is a contractual provision in which one party (the guarantor) agrees to be responsible for the debts or obligations of another party, typically on an ongoing basis. This clause applies to all current and future obligations of the debtor, meaning the guarantor's responsibility is not limited to a single transaction but extends to a series of transactions or a revolving credit arrangement. Its core practical function is to provide ongoing assurance to the creditor that the guarantor will cover any defaults by the debtor, thereby reducing the creditor's risk and facilitating continued business or lending relationships.
General Continuing Guaranty. The due and punctual payment of the principal of, and interest on, the amounts owed by the Issuer under this Debenture and the other Debentures, and the due and punctual payment of all other obligations owed by the Company, the Issuer or any other Subsidiary of the Company pursuant to the Transaction Documents, are jointly and severally guarantied by the Company and the Subsidiaries (other than the Issuer) pursuant to the Transaction Guaranty in favor of the Holders and the Agent. The obligations of the Company and the Subsidiaries hereunder and under the Transaction Guaranty are ratably secured by the Guarantor Security Agreement dated as of the date hereof among the Issuer, the Company, the other grantors party thereto and the Agent (together with all amendments and supplements thereto, the “Guarantor Security Agreement”). Reference is hereby made to (i) the Transaction Guaranty for a description of the obligations guarantied thereunder, the conditions of such Guaranty, and the rights of the Holders and the Agent in respect thereof and (ii) the Guarantor Security Agreement for a description of the collateral thereby pledged and assigned, the nature and extent of the security for the Debentures, and the rights of the Holders in respect of such security and otherwise.
General Continuing Guaranty. On the Consolidation Date, the due and punctual payment of the principal of, and interest on, the amounts owed by STAC under the Debentures, and the due and punctual payment of all other obligations owed by the Company, STAC or any other Subsidiary of the Company pursuant to the Transaction Documents, shall be jointly and severally guarantied by the Company and the Subsidiaries (other than STAC) now or hereafter formed pursuant to the Transaction Guaranty in favor of the Purchasers and the Agent. Reference is hereby made to the Transaction Guaranty for a description of the obligations guarantied thereunder, the conditions of the Transaction Guaranty, and the rights of the Holders and the Agent in respect thereof. The obligations of the Company and the Subsidiaries (other than STAC) under the Transaction Guaranty shall be secured by the Guarantor Security Agreement and by the related financing statements and certain other instruments as provided in the Guarantor Security Agreement.
General Continuing Guaranty. This GENERAL CONTINUING GUARANTY (this “Guaranty”), dated as of April 8, 2011, is executed and delivered by JMP GROUP LLC, a Delaware limited liability company (“Guarantor”), in favor of CITY NATIONAL BANK, a national banking association (“Lender”), in light of the following:
General Continuing Guaranty. The due and punctual payment of the principal of, and interest on, the amounts owed by the Issuer under this Debenture and the other Debentures, and the due and punctual payment of all other obligations owed by the Company, or any other Subsidiary of the Company pursuant to the Transaction Documents, are jointly and severally guarantied by certain of the Subsidiaries pursuant to the Security Agreement. Reference is hereby made to the Security Agreement for a description of the obligations guarantied thereunder and the rights of the Holders and the Agent in respect thereof.
General Continuing Guaranty. The Purchaser shall have entered into --------------------------- that certain General Continuing Guaranty, of even date herewith, in favor of ▇▇▇▇▇▇▇.
General Continuing Guaranty