Guarantee and Commitment Sample Clauses

Guarantee and Commitment. Party A and Party B hereby declare, guarantee and promise as follows,
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Guarantee and Commitment. 1. The Guarantor has the full capacities for civil rights and action required to sign and perform the contract.
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Guarantee and Commitment. 4.1 Each party hereby represents and warrants to the other parties as follows:
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Guarantee and Commitment. 1. Party B shall guarantee that all information about Party C provided to Party A is true and legal when signing this agreement. The information includes, but is not limited to, the financial condition and conditions of production and management, industrial and commercial registration of the company, assets, project development and tax payments. The project of Shanghai Creative Industry Park of Party C’s Company has acquired various licenses examined and approved by the government and the documents of project development and construction have the continuous effectiveness, and guarantees there is no potential situation that various approved licenses and documents of project development and construction lose effectiveness; all equities of Party C’s Company do not encounter the situations such as assignment, setting pledge, pledge, sealed up and frozen by court (e.g. after signing this agreement, if the equities of Party C’s Company are limited due to asset financing and pre-sale made by Party A in the name of project, related responsibilities shall be assumed by Party A).
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Guarantee and Commitment 
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Related to Guarantee and Commitment

  • The Letter of Credit Commitment (i) Subject to the terms and conditions set forth herein, (A) the L/C Issuer agrees, in reliance upon the agreements of the Lenders set forth in this Section 2.03, (1) from time to time on any Business Day during the period from the Closing Date until the Letter of Credit Expiration Date, to issue Letters of Credit for the account of the Borrower or its Subsidiaries, and to amend or extend Letters of Credit previously issued by it, in accordance with subsection (b) below, and (2) to honor drawings under the Letters of Credit; and (B) the Lenders severally agree to participate in Letters of Credit issued for the account of the Borrower or its Subsidiaries and any drawings thereunder; provided that after giving effect to any L/C Credit Extension with respect to any Letter of Credit, (x) the Total Outstandings shall not exceed the Aggregate Commitments, (y) the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans shall not exceed such Lender’s Commitment, and (z) the Outstanding Amount of the L/C Obligations shall not exceed the Letter of Credit Sublimit. Each request by the Borrower for the issuance or amendment of a Letter of Credit shall be deemed to be a representation by the Borrower that the L/C Credit Extension so requested complies with the conditions set forth in the proviso to the preceding sentence. Within the foregoing limits, and subject to the terms and conditions hereof, the Borrower’s ability to obtain Letters of Credit shall be fully revolving, and accordingly the Borrower may, during the foregoing period, obtain Letters of Credit to replace Letters of Credit that have expired or that have been drawn upon and reimbursed.

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