Guarantee of Payments. RV Centers has executed this Agreement for the limited purposes of paragraph 21. In this connection, RV Centers hereby unconditionally guarantees the punctual payment when due by the Company of all obligations payable by the Company to the Executive hereunder.
Guarantee of Payments. In the event of a default under a Contract and --------------------- a replacement Contract is not readily available, the Corporation guarantees the payment when due of all sums currently or thereafter to be paid to the Investor under the defaulted Contract until such time as a replacement Contact is substituted therefor. The purpose of this Guarantee is to assure the Investor of his receiving all regularly scheduled payments owed under the Contracts in accordance with his investment in the Corporation pursuant to the aforesaid Offering.
Guarantee of Payments. Concurrently with the execution and delivery of this Agreement, Xxxxxx X. Xxxx, Xxxxxx Xxxxx and Xxxxxx X. Xxxxxx, each the principal shareholder of a corporate general partner of Xxxxxxx, and Xxxx Xxxxxxx, a general partner in Xxxxxxx, agree to execute and deliver to Company a joint and several guarantee of Xxxxxxx obligations under Sections 4.01 and 4.02 hereof in the form attached hereto as Exhibit D. ARTICLE V AMPHITHEATER OPERATIONS
Guarantee of Payments. In order to guarantee Buyer’s obligation to pay under this Agreement and Service Agreement signed according to Article 7.1 of this Agreement, Buyer agrees to perform the following:
(a) Buyer agrees to have Xxxxx Xxxxx and Xxxxx Xxxx become its Joint Guarantors, to sign on this Agreement and Service Agreement to waive their rights of guaranty of collection under Article 745 of the Civil Code, and to be jointly and severally liable for Buyer’s due payments and interest and damages arising from this Agreement and the Service Agreement.
Guarantee of Payments. Neurocrine shall concurrently with execution of this Amendment execute and deliver to Nexus a guarantee of the payments by the Company pursuant to Paragraphs 3 and 4 above in the form attached hereto as Exhibit "A".
Guarantee of Payments. The Company will apply, on a non-discriminatory and consistent basis, reasonable financial standards to assess and examine a supplier’s creditworthiness. These standards will take into consideration the scope of operations of each supplier and the level of risk to the Company. This determination will be aided by appropriate data concerning the supplier, including load data or reasonable estimates thereof, where applicable. A supplier shall satisfy its creditworthiness requirement and receive an unsecured credit limit by demonstrating that it has, and maintains, investment grade long-term bond ratings from any two (2) of the following three (3) rating agencies: Standard & Poors BBB- or higher Xxxxx’x Investors’ Services Baa3 or higher Fitch IBCA BBB- or higher The supplier will provide the Company with its, or its parent company’s, most recent independently-audited financial statements, (if applicable) and, its or its parent’s most recent Form 10-K and Form 10-Q (if applicable). The Company shall make reasonable alternative credit arrangements with a supplier that is unable to meet the aforementioned criteria and with those suppliers whose credit requirements exceed their allowed unsecured credit limit. The supplier may choose from any of the following credit arrangements in a format acceptable to the Company: a guarantee of payment; an irrevocable Letter of Credit; a Prepayment Account established with the Company; a Surety Bond, including the Company as a beneficiary; or other mutually agreeable security or arrangement. The alternate credit arrangements may be provided by a party other than the AGS, including one or more ultimate customers. The fact that a guarantee of payment, irrevocable Letter of Credit, Prepayment Account, or Surety Bond is provided by a party other than the AGS shall not be a factor in the determination of the reasonableness of any alternative credit arrangement, as long as such party and the related credit arrangements meet the Company’s standard credit requirements. The amount of the security required must be and remain commensurate with the financial risks placed on the Company by that supplier, including recognition of that supplier’s performance. The Company will make available on request its credit requirements. A supplier may appeal the Company’s determination of credit requirements to the Commission or seek Staff mediation as to any dispute. The following collateral calculation applies to AGSs who serve retail customers in DP...
Guarantee of Payments. The Guarantor hereby irrevocably and unconditionally guarantees to the Beneficiary (a) the due and punctual payment of all amounts payable by Services under the Biodiesel Marketing Agreement when the same become due and payable in accordance with the terms of the Biodiesel Marketing Agreement and the performance by Services of its other obligations under the Biodiesel Marketing Agreement; and (b) the performance of all obligations (whether for payment or other performance) by Services under the O&M Agreement and the Imperium Assignment Agreement. Upon any failure of Services to pay punctually any such amounts or perform any such obligations, and upon demand by the Beneficiary or its designee, in the manner set forth in Section 6.12, the Guarantor agrees to pay or cause to be paid such amounts and to fulfill or cause to be fulfilled such obligations; provided, that any delay by the Beneficiary in giving such demand will in no event affect the Guarantor’s obligations under this Guarantee Agreement.
Guarantee of Payments. The undersigned Xxxxxx Xxxxxxxxx, (“Assignment Guarantor”), for value received and to induce the Community Development Authority of the City of Whitewater, Wisconsin (the “Lender”), to enter in to this assignment and assumption agreement, hereby guarantees: (1) Payment of all sums due or to become due as described in the Loan Agreement as well as any sums the Community Development Authority of the City of Whitewater incurs for the enforcement of the obligations set forth in the Loan Agreement and Loan, and
