Common use of GUARANTEE OF LOANS Clause in Contracts

GUARANTEE OF LOANS. 2.1 XXXX hereby guarantees to the LENDER, unconditionally except as set forth in Section 2.2 below, the payment of 100% of the principal of and accrued interest on every Loan as to which a Guaranty Event has occurred. "Accrued interest" shall mean interest accrued and unpaid to the date of payment in full by XXXX, less any interest that shall have accrued after the filing of a claim for guaranty payment submitted to XXXX by the LENDER but before XXXX shall have received all the documentation necessary to process the guaranty claim as set forth in the Program Guidelines. XXXX will use all reasonable efforts to make payment on its guaranty within sixty (60) days, and will in any event make payment within ninety (90) days, of receipt of a demand from the LENDER stating the name of the Borrower and the type of Guaranty Event that has occurred accompanied by the full claim documentation required in the Program Guidelines.

GUARANTEE OF LOANS. 2.1 XXXX TERI hereby guarantees to the LENDERLENDXX, unconditionally except as set forth in Section 2.2 below, the payment of 100% of the principal of and accrued interest on every Loan as to which a Guaranty Event has occurred. "Accrued interest" shall mean interest accrued and unpaid to the date of payment in full by XXXXTERI, less any interest that shall have xxxe accrued after the filing of a claim for guaranty payment submitted to XXXX TERI by the LENDER but before XXXX shall TERI xxxll have received all the documentation necessary to process the guaranty claim as set forth in the Program Guidelines. XXXX TERI will use all reasonable efforts to efforxx xo make payment on its guaranty within sixty (60) days, and will in any event make payment within ninety (90) days, of receipt of a demand from the LENDER stating the name of the Borrower and the type of Guaranty Event that has occurred accompanied by the full claim documentation required in the Program Guidelines.

GUARANTEE OF LOANS. 2.1 XXXX TERI hereby guarantees to the LENDERBank One, unconditionally xxconditionally except as set forth in Section 2.2 below, the payment of 100% of the principal of and accrued interest on every Loan as to which a Guaranty Event has occurred. "Accrued interest" shall mean interest accrued and unpaid to the date of payment in full by XXXXTERI, less any interest that shall have xxxe accrued after the filing of a claim for guaranty payment submitted to XXXX TERI by the LENDER Bank One but before XXXX shall TERI sxxxx have received all the documentation necessary to process the guaranty claim as set forth in the Program Guidelines. XXXX TERI will use all reasonable efforts to efforxx xo make payment on its guaranty within sixty (60) days, and will in any event make payment within ninety (90) days, of receipt of a demand from the LENDER Bank One stating the name of the Borrower and the type of Guaranty Event that has occurred accompanied by the full claim documentation required in the Program Guidelines.