Guarantee and Security. The guarantee and security arrangements for each of the Finance Lease Agreements are set out below:
Guarantee and Security. With effect from the Effective Date, each Effective Date Debtor and (to the extent applicable) each Effective Date Security Grantor:
(a) confirms its acceptance of the Amended Group ICA;
(b) agrees that it is bound as a Debtor or as a Security Grantor (as applicable) by the terms of the Amended Group ICA; and
(c) confirms and accepts that:
(i) any Transaction Security created or given by it under a Pre-Effective Date Security Document will:
(A) continue in full force and effect on the terms of the respective Finance Documents (including the Amended Group ICA, to the extent applicable); and
(B) subject to Clause 2 (Amendment of the Group ICA, High Yield ICA and Security Trust Agreement) of this Deed, continue to extend to the Secured Obligations, under and as defined in paragraph [(a) or (b)] of that definition (as applicable) in the Amended Group ICA; and
(ii) any guarantee or indemnity created or given by it under the Original Senior Facilities Agreement will continue in full force and effect on the terms of the respective Finance Documents (including the Amended Group ICA) and extend to all new obligations assumed by any Debtor under the Finance Documents as amended and restated by this Deed (including, but not limited to, any new obligations under the Amended Group ICA), subject to any applicable guarantee limitations set out in any relevant Finance Documents.
Guarantee and Security. The guarantee and security arrangements for each of the Finance Lease Agreement are set out below: The Supplier shall provide joint and several liabilities for the debts of the Lessee under the Finance Lease Agreements.
Guarantee and Security. With effect from the Effective Date, each Obligor and GMI confirms that any security or guarantee created or given by it under the Finance Documents (including, in the case of each Obligor, under clause 25 (Guarantee and indemnity) of the Facility Agreement) will:
6.1 continue in full force and effect; and
6.2 extend to all liabilities and obligations of the Obligors arising under the Facility Agreement as amended by this Agreement.
Guarantee and Security. Each of the Guarantors acknowledges and confirms that (i) the guarantee granted by it pursuant to Article 10 of the Loan Agreement constitutes a continuing guarantee of, among other things, all present and future obligations of the Borrower to the Lender under the Loan Agreement and shall remain in full force and effect; and (ii) each of the other Loan Documents executed by it shall remain in full force and effect. In addition, (i) MEC Land Holdings (California) Inc. acknowledges and confirms that the Golden Gate Mortgage constitutes continuing security for the obligations secured thereby and shall remain in full force and effect, and (ii) The Santa Xxxxx Companies, Inc. acknowledges and confirms that the Santa Xxxxx Mortgage constitutes continuing security for the obligations secured thereby and shall remain in full force and effect. The Lender acknowledges that, concurrent with any Future Advance, MID Islandi sf will be granted a second ranking charge on the shares of AmTote on terms and conditions substantially similar to the New Security.
Guarantee and Security. The guarantee and security arrangements for the Finance Lease Agreements are set out below: The ultimate beneficial owner of the Lessee and one of its associates provide joint and several liability security for the debts under the Finance Lease Agreements.
Guarantee and Security. Each of the Lessee Personal Guarantors has provided an irrevocable and unconditional personal guarantee with joint and several liability in favour of the Company in respect of all debt payable by Lessee F to the Company under each of the Direct Lease Agreements. Corporate Guarantor I has provided an irrevocable and unconditional corporate guarantee with joint and several liability in favour of the Company in respect of all debt payable by Lessee F1 to the Company under the Direct Lease Agreement I and the the Direct Lease Agreement II, while Corporate Guarantor II has provided an irrevocable and unconditional corporate guarantee with joint and several liability in favour of the Company in respect of all debt payable by Lessee F2 to the Company under the Direct Lease Agreement III. Lessee F also has pledged certain equipment and, among others, such ancillary, additional or substitution property of and rights in and interest accrued upon the equipment as security to secure, among others, the performance of its obligations under each of the Direct Lease Agreements. Pursuant to the terms of the respective agreements between the following Suppliers and the Company, in the event that Lessee F fails to pay on time and in full the lease payment or any other amount under the following Direct Lease Agreement(s), the relevant Suppliers agreed to, inter alia, repurchase from the Company the following Direct Lease Assets at a sum with reference to the difference of (a) the aggregate of the outstanding lease payment, the default payment and the retention consideration; and (b) the security deposit paid by Lessee F to the Company under the relevant Direct Lease Agreements. I Direct Lease Assets I Direct Lease Agreement I I Direct Lease Assets II Direct Lease Agreement II There is no such direct lease assets repurchase arrangement between the Company and Supplier II under to the Direct Lease Agreement III.
Guarantee and Security. With effect from the Effective Date, each Obligor confirms that any security or guarantee created or given by it under the Finance Documents (including under clause 19 (Guarantee and indemnity) of the Facility Agreement) will:
(a) continue in full force and effect; and
(b) extend to all liabilities and obligations of the Obligors arising under the Facility Agreement as amended by this Agreement.
Guarantee and Security. Guarantor C has provided an irrevocable and unconditional personal guarantee with joint and several liability in favour of the Company in respect of all debt payable by Lessee C to the Company under the Lease Back Agreement I. Lessee C also pledges certain production equipment and, among others, such ancillary, additional or substitution property of and rights in and interest accrued upon the production equipment as security to secure, among others, the performance of its obligations under the Lease Back Agreement I.
Guarantee and Security. Agreement”), among the Administrative Agent, the Grantors party thereto and the Company. In consideration of the mutual agreements herein contained and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Administrative Agent (for itself and on behalf of the Credit Agreement Secured Parties), the Initial Other Authorized Representative (for itself and on behalf of the Initial Other First Lien Secured Parties), the Initial Other Collateral Agent and each additional Authorized Representative and Collateral Agent (for itself and on behalf of the Other First Lien Secured Parties of the applicable Series) agree as follows:
