Guarantee Supplements, Etc Sample Clauses
The "Guarantee Supplements, Etc" clause establishes the requirements for providing additional guarantees or related documentation to support obligations under an agreement. In practice, this clause may require a party to furnish supplemental guarantees, such as letters of credit, surety bonds, or other forms of security, if certain conditions are met or if requested by the other party. Its core function is to ensure that adequate financial backing or assurance is available, thereby reducing the risk of non-performance and providing greater security for the parties involved.
Guarantee Supplements, Etc. It is understood and agreed that any Guarantor that is required to execute a counterpart of this Guarantee after the date hereof pursuant to the Credit Agreement shall upon the execution and delivery by any Person of a guarantee supplement in substantially the form of Exhibit A hereto (each, a “Guarantee Supplement”), (i) such Person shall be referred to as an “Additional Guarantor” and shall become and be a Guarantor hereunder, and each reference in this Guarantee to a “Guarantor” shall also mean and be a reference to such Additional Guarantor, and (ii) each reference herein to “this Guarantee,” “hereunder,” “hereof” or words of like import referring to this Guarantee, and each reference in any other Loan Document to “thereunder,” “thereof” or words of like import referring to this Guarantee, shall mean and be a reference to this Guarantee as supplemented by such Guarantee Supplement.