Guaranty; Guarantor. Any Guaranty ceases to be in full force and effect or any action is taken to discontinue or assert the invalidity or unenforceability of any Guaranty or any Guarantor fails to comply with any of the terms or provisions of any Guaranty, or any representation or warranty of any Guarantor therein is false, or any Guarantor denies that it has any further liability under any Guaranty or gives notice to Lender to such effect.
Guaranty; Guarantor. Any Guaranty ceases to be in full force and effect or any action is taken to discontinue or assert the invalidity or unenforceability of any Guaranty or any Guarantor fails to comply with any of the terms or provisions of any Guaranty, or any representation or warranty of Guarantor therein is false, or any Guarantor denies that it has any further liability under any Guaranty or gives notice to Lender to such effect, or any Guarantor fails to furnish the financial statements required under any Guaranty or otherwise breaches or is in default of any obligation or covenant contained in any Guaranty or any Guarantor, who is an individual dies.
Guaranty; Guarantor. (a) The Rent and other obligations pursuant to the Lease are unlimitedly guaranteed by Balanced Care Corporation ("Guarantor") pursuant to a guaranty agreement ("Guaranty") executed simultaneously herewith which is attached hereto as Exhibit 2.6 and made a part hereof.
(b) Throughout the Term of the Lease, Guarantor shall maintain the following:
(i) a ratio of consolidated current assets to consolidated current liabilities equal to or greater than 1.0 to 1.0.;
(ii) a tangible net worth equal to or greater than $5,000,000, unless otherwise approved (or waived) by Lessor, approval of which shall not be unreasonably withheld (for purposes of this Section 2.6(b)(ii), the line item identified as "Mandatorily Redeemable Preferred B Stock" reflected on Guarantor's consolidated financial statement shall be included in Guarantor's shareholder's equity).
(iii) a Consolidated Cash Flow Coverage not less than 1.0 to 1.0.
Guaranty; Guarantor. Borrower fails to deliver or cause to be delivered to Administrative Agent any Guaranty (or joinder to an existing Guaranty) or any other item required by Section 8 within the time period set forth in such Section. Any Guaranty ceases to be in full force and effect or any action is taken to discontinue or assert the invalidity or unenforceability of any Guaranty or any Guarantor fails to comply with any of the terms or provisions of any Guaranty, or any representation or warranty of any Guarantor therein is false, or any Guarantor denies that it has any further liability under any Guaranty or gives notice to Administrative Agent or any Lender to such effect, or any Guarantor fails to furnish the financial statements required under any Guaranty.
Guaranty; Guarantor. If a Default or an Event of Default shall occur under the Guaranty. In any such event in addition to Lender's other remedies under this Agreement, Lender may, by notice to Borrower, Immediately cease making further Advances.
Guaranty; Guarantor. Any Guaranty ceases to be in full force and effect or any action is taken by any Guarantor, Borrower or any of its Affiliates to discontinue or assert the invalidity or unenforceability of any Guaranty or any Guarantor fails to comply with any of the terms or provisions of any Guaranty, or any representation or warranty of Guarantor therein is discovered to have been false when made, or any Guarantor denies that it has any further liability under any Guaranty or gives notice to Lender to such effect, or any Guarantor fails to perform any covenant of such Guarantor in any Guaranty.
Guaranty; Guarantor. 59 17.2. CROSS DEFAULT...........................................................................................60
Guaranty; Guarantor. Any Guaranty ceases to be in full force and effect or any action is taken to discontinue or assert the invalidity or unenforceability of any Guaranty or any Guarantor fails to comply with any of the terms or provisions of any Guaranty, or any representation or warranty of any Guarantor therein is false, or any Guarantor denies that it has any further liability under any Guaranty or gives notice to Lender to such effect. Failure of any Subsidiary of Borrower (other than the Dormant Subsidiaries) to have guarantied all of the Loan Obligations, or the failure of any Subsidiary of Borrower (other than the Dormant Subsidiaries) to have granted a lien and Security Interest on all of its personal property and such of its real property as is required by Administrative Agent in favor of Administrative Agent.
Guaranty; Guarantor. 90 16.1.20. Governmental Authority Bar......................90
Guaranty; Guarantor. Any Guaranty ceases to be in full force and effect or any action is taken to discontinue or assert the invalidity or unenforceability of any Guaranty or any Guarantor fails to comply with any of the terms or provisions of any Guaranty, or any representation or warranty of Guarantor therein is false, or any Guarantor denies that it has any further liability under any Guaranty or gives notice to Lender to such effect, or any Guarantor fails to furnish the financial statements required under any Guaranty or otherwise breaches or is in default of any obligation or covenant contained in any Guaranty or any Guarantor, who is an individual dies. Governmental Authority Bar. Borrower or any Covered Person is barred or suspended from doing business with any Account Debtor that is a Governmental Authority which suspension or bar has or is reasonably likely to have a Material Adverse Effect.
