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.
Appears in 6 contracts
Samples: Contribution Agreement (Innkeepers Usa Trust/Fl), Contribution Agreement (Innkeepers Usa Trust/Fl), Contribution Agreement (Innkeepers Usa Trust/Fl)
