Guaranty of Debt. The Contributor and the Approved Investors shall have the option to personally guarantee debt of the Acquiror (above and beyond the debt guaranteed by Willxxx X. Xxxxxxx) xxrsuant to the Guaranty Agreement. The Guaranty Agreement shall provide for the executing partners and the Contributor to guarantee an amount up to their respective negative capital accounts at the Closing Date not to exceed an aggregate amount of $45,000,000 in principal for all DeBoxx Xxxiliated Partnerships and all partners therein. The Guarantors shall guarantee a maximum of $45,000,000 of Acquiror debt, superior only to the preexisting guaranty of Willxxx X.
Guaranty of Debt. Guarantor hereby absolutely and unconditionally guarantees the prompt payment in full of all of the Debt as and when the respective parts thereof become due and payable. If the Debt or any part thereof shall not be paid in full when due and payable, Agent and the Majority Banks, in each case, shall have the right to proceed directly against Guarantor under this Agreement to collect the payment in full of the Debt, regardless of whether or not Agent and the Majority Banks shall have theretofore proceeded or shall then be proceeding against Borrower or any other Obligor or Collateral, or any of the foregoing, it being understood that Agent and the Majority Banks, in their sole discretion, may proceed against any Obligor and any Collateral, and may exercise each right, power or privilege that Agent or the Banks may then have, either simultaneously or separately, and, in any event, at such time or times and as often and in such order as Agent and the Majority Banks, in their sole discretion, may from time to time deem expedient to collect the payment in full of the Debt.
Guaranty of Debt. Each Guarantor hereby irrevocably, unconditionally, and jointly and severally guarantees for the ratable benefit1 of each Lender the prompt payment of each such Lender's Pro Rata Share of the Guaranteed Obligations, which shall be immediately due and payable upon demand after the occurrence of any default or event of default under any of the Documents.
Guaranty of Debt. Each Guarantor, jointly and severally, hereby absolutely and unconditionally guarantees the prompt payment in full of all of the Debt, whether now existing or hereafter arising, as and when the respective parts thereof become due and payable. If the Debt, or any part thereof, is not paid in full when due and payable, Agent, on behalf of the Lenders, in each case, has the right to proceed directly against any Guarantor under this Guaranty to collect the payment in full of the Debt, regardless of whether or not Agent, on behalf of the Lenders, has theretofore proceeded or is proceeding against Borrower or any other Obligor or Collateral, if any, or any of the foregoing. Agent and the Required Lenders, in their sole discretion, may proceed against any Obligor and any Collateral, and may exercise each right, power or privilege that Agent or the Lenders may then have, either simultaneously or separately, and, in any event, at such time or times and as often and in such order as Agent and the Required Lenders, in their sole discretion, may from time to time deem expedient to collect the payment in full of the Debt.
Guaranty of Debt. Notwithstanding anything herein to the contrary, Transferor, agrees that it shall guaranty the existing debt of Transferee in such amounts and upon such terms and conditions as shall be mutually agreeable to Transferee and Transferor, so that the transaction described in this Agreement shall qualify as a tax-free exchange. The Transferor's guaranty of debt shall be a last recourse guaranty (e.g., the lender shall be required to exhaust all other recourse before exercising its remedies under the guaranty of The Transferor).
Guaranty of Debt. Guarantor hereby absolutely and unconditionally guarantees the prompt payment in full of all of the Debt as and when the respective parts thereof become due and payable. If the Debt or any part thereof shall not be paid in full when due and payable, Agent and the Majority Banks in each case shall have the right to proceed directly against Guarantor under this instrument to collect the payment in full of the Debt, regardless of whether or not Agent and the Banks shall have theretofore proceeded or shall then be proceeding against Borrower or any other Obligor or Collateral, or any of the foregoing, it being understood that Agent and the Majority Banks, in their sole discretion may proceed against any Obligor and any Collateral, and may exercise each right, power or privilege that Agent or the Banks may then have, either simultaneously or separately, and, in any event, at such time or times and as often and in such order as Agent and the Majority Banks, in their sole discretion, may from time to time deem expedient to collect the payment in full of the Debt.
Guaranty of Debt. Guarantor hereby absolutely and unconditionally guarantees the prompt payment in full of all of the Debt as and when the respective parts thereof become due and payable. If the Debt or any part thereof shall not be paid in full when due and payable, the Noteholders shall have the right to proceed directly against Guarantor under this instrument to collect the payment in full of the Debt, regardless of whether or not the Noteholders shall have theretofore proceeded or shall then be proceeding against the Company or any other Obligor or Collateral, if any, or any of the foregoing, it being understood that the Noteholders in their sole discretion may proceed against any Obligor and any Collateral, and may exercise each right, power or privilege that the Noteholders may then have, either simultaneously or separately, and, in any event, at such time or times and as often and in such order as the Noteholders in their sole discretion may from time to time deem expedient to collect the payment in full of the Debt.
Guaranty of Debt. Guarantor hereby absolutely and unconditionally guarantees the prompt payment in full of all of the Debt as and when the respective parts thereof become due and payable. If the Debt, or any part thereof, shall not be paid in full when due and payable, Agent, on behalf of the Banks, in each case, shall have the right to proceed directly against Guarantor under this Agreement to collect the payment in full of the Debt, regardless of whether or not Agent, on behalf of the Banks, shall have theretofore proceeded or shall then be proceeding against any Borrower or any other Obligor or Collateral, if any, or any of the foregoing, it being understood that Agent and the Banks, in their sole discretion may proceed against any Obligor and any Collateral, and may exercise each right, power or privilege that Agent or the Banks may then have, either simultaneously or separately, and, in any event, at such time or times and as often and in such order as Agent and the Required Banks, in their sole discretion, may from time to time deem expedient to collect the payment in full of the Debt.
Guaranty of Debt. In consideration of the above transfer of the Transferred Equipment and rights of payment, Sub I hereby agrees to guaranty payment of the principal amount of the Note, as and when the same becomes due, together with interest thereon and all fees, charges, expenses and all other amounts payable with respect to the Note pursuant to the Loan Documents, and to evidence such guaranty by executing and delivering to Laurus a Subsidiary Guaranty in the form which Laurus has requested, effective immediately.
Guaranty of Debt. Each Guarantor, jointly and severally, hereby absolutely and unconditionally guarantees the prompt payment in full of all of the Debt, whether now existing or hereafter arising, as and when the respective parts thereof become due and payable (whether at the stated maturity, by acceleration or otherwise). If the Debt, or any part thereof, is not paid in full when due and payable (whether at the stated maturity, by acceleration or otherwise), Agent, on behalf of the Lenders, in each case, has the right to proceed directly against any Guarantor under this Guaranty to collect the payment in full of the Debt, regardless of whether or not Agent, on behalf of the Lenders, has theretofore proceeded or is proceeding against Borrower or any other Obligor. Agent and the Required Lenders, in their sole discretion, may proceed against any Obligor, and may exercise each right, power or privilege that Agent or the Lenders may then have, either simultaneously or separately, and, in any event, at such time or times and as often and in such order as Agent and the Required Lenders, in their sole discretion, may from time to time deem expedient to collect the payment in full of the Debt.
