Keepwell. Each Borrower that is a Qualified ECP Guarantor at the time that any guarantee or the grant of the security interest hereunder or under any other Loan Document, in each case, by any Specified Borrower, becomes effective with respect to any Swap Obligation, hereby jointly and severally, absolutely, unconditionally and irrevocably undertakes to provide such funds or other support to each Specified Borrower with respect to such Swap Obligation as may be needed by such Specified Borrower from time to time to honor all of its obligations under such guarantee and the other Loan Documents in respect of such Swap Obligation (but, in each case, only up to the maximum amount of such liability that can be hereby incurred without rendering such Qualified ECP Guarantor’s obligations and undertakings under this Section 10.16 voidable under Applicable Law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations and undertakings of each Qualified ECP Guarantor under this Section shall remain in full force and effect until the Obligations have been indefeasibly Fully Paid and performed. Each Qualified ECP Guarantor intends this Section to constitute, and this Section shall be deemed to constitute, a guarantee of the obligations of, and a “keepwell, support, or other agreement” for the benefit of, each Specified Borrower for all purposes of the Commodity Exchange Act.
Appears in 6 contracts
Samples: Specified Acquisition Loan Joinder (Casella Waste Systems Inc), Credit Agreement (Casella Waste Systems Inc), Credit Agreement (Casella Waste Systems Inc)
Keepwell. Each Borrower that is a Qualified ECP Guarantor at the time that any guarantee or the grant of the security interest hereunder or under any other Loan Document, in each case, by any Specified Borrower, becomes effective Keepwell Provider with respect to any a Swap Obligation, Counterparty hereby jointly and severally, absolutely, unconditionally and irrevocably undertakes to provide such funds or other credit support to each Specified Borrower with respect to such Swap Obligation as may be needed by any Supported Guarantor of such Specified Borrower Swap Counterparty from time to time to honor all of its such Supported Guarantor’s obligations under such guarantee and the other Loan Documents any Guaranty in respect of Swap Obligations of such Swap Obligation Counterparty (but, in each case, only up to the maximum amount of such liability that can be hereby incurred without rendering such Qualified ECP Guarantorparty’s obligations and undertakings under this Section 10.16 hereunder voidable under Applicable Law applicable law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations and undertakings of each a Qualified ECP Guarantor Keepwell Provider with respect to any Swap Counterparty under this Section paragraph shall remain in full force and effect until the all Swap Obligations of such Swap Counterparty in respect of which a Supported Guarantor has provided a Guaranty have been indefeasibly Fully Paid paid and performedperformed in full. Each Qualified ECP Guarantor intends The parties intend this Section provision to constitute, and this Section provision shall be deemed to constitute, a guarantee of the obligations of, and a “keepwell, support, or other agreement” for the benefit of, each Specified Borrower Supported Guarantor for all purposes of the Commodity Exchange ActCEA.
Appears in 5 contracts
Samples: Loan Agreement (Cedar Realty Trust, Inc.), Loan Agreement (Cedar Realty Trust, Inc.), Loan Agreement (Cedar Realty Trust, Inc.)
Keepwell. Each Borrower Loan Party that is a Qualified ECP Guarantor at the time that any the guarantee hereunder or the grant of the security interest hereunder or under any other the Loan DocumentDocuments, in each case, by any Specified BorrowerGuarantor, becomes effective with respect to any Swap Obligation, hereby jointly and severally, absolutely, unconditionally and irrevocably undertakes to provide such funds or other support to each Specified Borrower Guarantor with respect to such Swap Obligation as may be needed by such Specified Borrower Guarantor from time to time to honor all of its obligations under such its guarantee and the other Loan Documents in respect of such Swap Obligation (but, in each case, only up to the maximum amount of such liability that can be hereby incurred without rendering such Qualified ECP Guarantor’s obligations and undertakings under this Section 10.16 10.10 voidable under Applicable Law applicable law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations and undertakings of each Qualified ECP Guarantor under this Section shall remain in full force and effect until the Obligations have been indefeasibly Fully Paid paid and performedperformed in full. Each Qualified ECP Guarantor intends this Section to constitute, and this Section shall be deemed to constitute, a guarantee of the obligations of, and a “keepwell, support, or other agreement” for the benefit of, each Specified Borrower Guarantor for all purposes of the Commodity Exchange Act.
Appears in 5 contracts
Samples: Credit Agreement (Main Street Capital CORP), Credit Agreement (Main Street Capital CORP), Credit Agreement (Main Street Capital CORP)
Keepwell. Each Borrower that is a Qualified ECP Guarantor at the time that any guarantee or the grant of the security interest hereunder or under any other Loan Document, in each case, by any Specified Borrower, becomes effective with respect to any Swap Obligation, Keepwell Provider hereby jointly and severally, severally absolutely, unconditionally unconditionally, and irrevocably undertakes to provide such funds or other support to each Specified Borrower with respect to such Swap Obligation as may be needed by such Specified Borrower from time to time for the Parent Borrower to honor all of its obligations under such guarantee and qualify as an Eligible Contract Participant during the other Loan Documents Swap Guarantee Eligibility Period in respect of such any Swap Obligation (butprovided, in however, that each case, Borrower Qualified Keepwell Provider shall only up to be liable under this Section 9.07 for the maximum amount of such liability that can be hereby incurred without rendering such Qualified ECP Guarantor’s its obligations and undertakings under this Section 10.16 9.07, or otherwise under this Guarantee, voidable under Applicable Law applicable law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations and undertakings of each Borrower Qualified ECP Guarantor Keepwell Provider under this Section 9.07 shall remain in full force and effect until the Obligations obligations of the Borrowers under this Agreement have expired, been indefeasibly Fully Paid and performeddischarged or have otherwise been terminated in accordance with the terms of this Agreement. Each Borrower Qualified ECP Guarantor Keepwell Provider intends that this Section to 9.07 constitute, and this Section 9.07 shall be deemed to constitute, a guarantee of the obligations of, and a “keepwell, support, or other agreement” for the benefit of, each Specified of the Parent Borrower for all purposes of section 1a(18)(A)(v)(II) of the Commodity Exchange Act.
Appears in 4 contracts
Samples: Credit Agreement (Ralph Lauren Corp), Credit Agreement (Ralph Lauren Corp), Credit Agreement (Ralph Lauren Corp)
Keepwell. Each Borrower that is a Qualified ECP Guarantor at the time that any guarantee the guaranty or the grant of the security interest hereunder or under any other the Loan DocumentDocuments, in each case, by any Specified BorrowerLoan Party, becomes effective with respect to any Swap Obligation, hereby jointly and severally, severally absolutely, unconditionally and irrevocably undertakes to provide such funds or other support to each Specified Borrower Loan Party with respect to such Swap Obligation as may be needed by such Specified Borrower Loan Party from time to time to honor all of its obligations under such guarantee its guaranty and the other Loan Documents in respect of such Swap Obligation (but, in each case, only up to the maximum amount of such liability that can be hereby incurred without rendering such Qualified ECP Guarantor’s obligations and undertakings under this Section 10.16 10.19 voidable under Applicable Law applicable law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations and undertakings of each Qualified ECP Guarantor under this Section shall remain in full force and effect until the Secured Obligations have been indefeasibly Fully Paid paid and performedperformed in full. Each Qualified ECP Guarantor intends this Section to constitute, and this Section shall be deemed to constitute, a guarantee of the obligations of, and a “keepwell, support, or other agreement” for the benefit of, each Specified Borrower Loan Party for all purposes of the Commodity Exchange Act.
Appears in 4 contracts
Samples: Credit Agreement (Benchmark Electronics Inc), Credit Agreement (Benchmark Electronics Inc), Credit Agreement (Benchmark Electronics Inc)
Keepwell. Each Borrower that is a Borrowers hereby agree to cause each Qualified ECP Guarantor at the time that any guarantee or the grant of the security interest hereunder or under any other Loan Document, in each case, by any Specified Borrower, becomes effective with respect to any Swap Obligation, hereby jointly and severally, severally absolutely, unconditionally and irrevocably undertakes undertake to provide such funds or other support to each Specified Borrower with respect to such Swap Obligation as may be needed by such Specified Borrower from time to time by each Specified Credit Party to honor all of its such Specified Credit Party’s obligations under such guarantee its Guarantee and the other Loan Security Documents in respect of such Swap Obligation Obligations (butprovided, in however, that each case, Qualified ECP Guarantor shall only up be liable under its undertaking pursuant to this Section 5.7 for the maximum amount of such liability that can be hereby incurred without rendering such Qualified ECP Guarantor’s obligations and undertakings under this Section 10.16 its Guarantee, voidable under Applicable Law relating to fraudulent conveyance or fraudulent transferthe Bankruptcy Code and other applicable Debtor Relief Laws, and not for any greater amount). The obligations and undertakings of each Qualified ECP Guarantor under this Section 5.7 shall remain in full force and effect until Payment in Full of the Obligations have been indefeasibly Fully Paid and performedObligations. Each Borrower, for itself and on behalf of each Qualified ECP Guarantor Guarantor, intends that this Section to 5.7 (and any corresponding provision of any applicable Guarantee) constitute, and this Section 5.7 (and any corresponding provision of any applicable Guarantee) shall be deemed to constitute, a guarantee of the obligations of, and a “keepwell, support, or other agreement” for the benefit of, of each Specified Borrower Credit Party for all purposes of section 1a (18)(A)(v)(II) of the Commodity Exchange Act.. SECTION 12. [RESERVED]
Appears in 4 contracts
Samples: Credit Agreement (Forbes Energy Services Ltd.), Credit Agreement (Forbes Energy Services Ltd.), Credit Agreement (Forbes Energy Services Ltd.)
Keepwell. Each Borrower Loan Party that is a Qualified ECP Guarantor at the time that any guarantee the Guaranty or the grant of the security interest hereunder or under any other Loan Documenthereunder, in each case, by any Specified Borrowerother Qualified ECP Guarantor, becomes effective with respect to any Swap Obligation, hereby jointly and severally, absolutely, unconditionally and irrevocably undertakes to provide such funds or other support to each Specified Borrower such Qualified ECP Guarantor with respect to such Swap Obligation as may be needed by such Specified Borrower Qualified ECP Guarantor from time to time to honor all of its obligations under such guarantee its Guaranty and the other Loan Documents in respect of such Swap Obligation (but, in each case, only up to the maximum amount of such liability that can be hereby incurred without rendering such Qualified ECP Guarantor’s obligations and undertakings under this Section 10.16 10.08 voidable under Applicable applicable Law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations and undertakings of each Qualified ECP Guarantor under this Section shall remain in full force and effect until the Obligations have been indefeasibly Fully Paid paid and performedperformed in full. Each Qualified ECP Guarantor intends this Section to constitute, and this Section shall be deemed to constitute, a guarantee of the obligations of, and a “keepwell, support, or other agreement” for the benefit of, each Specified Borrower Qualified ECP Guarantor for all purposes of the Commodity Exchange Act.
Appears in 4 contracts
Samples: Credit Agreement (Tutor Perini Corp), Credit Agreement (Tutor Perini Corp), Credit Agreement (TUTOR PERINI Corp)
Keepwell. Each The Parent Borrower that is a Qualified ECP Guarantor at the time that any guarantee or the grant of the security interest hereunder or under any other Loan Document, in each case, by any Specified Borrower, becomes effective with respect to any Swap Obligation, hereby jointly and severally, absolutely, unconditionally and irrevocably undertakes to provide such funds or other support to each Specified Borrower with respect to such Swap Obligation as may be needed by such Specified Borrower from time to time by each Guarantor to honor all of its obligations under such guarantee and the other Loan Documents its Guarantee in respect of such Swap Obligation Obligations (butprovided, in each casehowever, that the Parent Borrower shall only up to be liable under this Section 9.23 for the maximum amount of such liability that can be hereby incurred without rendering such Qualified ECP Guarantor’s its obligations and undertakings under this Section 10.16 9.23, or otherwise under this Agreement, voidable under Applicable Law applicable law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations and undertakings of each Qualified ECP Guarantor the Parent Borrower under this Section shall remain in full force and effect until the termination of all Commitments and payment in full of all Obligations (other than contingent indemnification obligations) and the expiration or termination of all Letters of Credit (other than Letters of Credit as to which other arrangements satisfactory to the Applicable Administrative Agent and the Applicable Issuing Bank have been indefeasibly Fully Paid and performedmade). Each Qualified ECP Guarantor The Parent Borrower intends that this Section to 9.23 constitute, and this Section 9.23 shall be deemed to constitute, a guarantee of the obligations of, and a “keepwell, support, or other agreement” for the benefit of, of each Specified Borrower Guarantor for all purposes of Section 1a(18)(A)(v)(II) of the Commodity Exchange Act.
Appears in 4 contracts
Samples: Syndicated Facility Agreement (Civeo Corp), Syndicated Facility Agreement (Civeo Corp), Syndicated Facility Agreement (Civeo Corp)
Keepwell. Each The Borrower that shall, and shall ensure that, to the extent any Subsidiary is a Qualified ECP Guarantor at Guarantor, the time that any guarantee or the grant of the security interest hereunder or under any other Loan Document, in Borrower and each case, by any Specified Borrower, becomes effective with respect to any Swap Obligation, hereby jointly and severallySubsidiary shall, absolutely, unconditionally and irrevocably undertakes undertake to provide such funds or other support to each Specified Borrower with respect to such Swap Obligation as may be needed by such Specified Borrower from time to time by the Borrower or any Subsidiary (that provides a guarantee to honor the Agent, the Lenders, the Hedging Affiliates and the Cash Managers) to honour all of its obligations under such guarantee and the other Loan Documents its Guarantee in respect of Financial Instrument Obligations (provided, however, the Borrower and each Subsidiary shall only be liable under such Swap Obligation (but, in each case, only up to undertaking for the maximum amount of such liability that can be hereby incurred without rendering such Qualified ECP Guarantor’s its obligations and undertakings under this Section 10.16 undertaking, or otherwise under the Documents to which it is a party, voidable under Applicable Law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations of the Borrower and undertakings of each Qualified ECP Guarantor Subsidiary under this Section undertaking shall remain in full force and effect until discharged in accordance with the Obligations have been indefeasibly Fully Paid and performedprovisions of the relevant Document. Each Qualified ECP Guarantor The Borrower intends that this Section to and the undertaking provided for shall constitute, and this Section shall be deemed to constitute, a guarantee of the obligations of, and a “keepwell, support, or other agreement” for the benefit ofof the Borrower and its Subsidiaries (that provide a guarantee to the Agent, each Specified Borrower the Lenders, the Hedging Affiliates and the Cash Managers) for all purposes of Section 1a(18)(A)(v)(II) of the Commodity Exchange Act.
Appears in 4 contracts
Samples: Credit Agreement (Greenfire Resources Ltd.), Credit Agreement (Obsidian Energy Ltd.), Credit Agreement (Hammerhead Energy Inc.)
Keepwell. Each Borrower that is a Qualified ECP Guarantor at the time that any guarantee or the grant of the security interest hereunder or under any other Loan Document, in each case, by any Specified Borrower, becomes effective with respect to any Swap Obligation, hereby jointly and severally, severally absolutely, unconditionally and irrevocably undertakes to provide such funds or other support to each Specified Borrower with respect to such Swap Obligation as may be needed by such Specified Borrower from time to time by each other Guarantor to honor all of its obligations under such guarantee and the other Loan Documents this Guaranty in respect of such Swap Obligation (butObligations; provided, in however, that each case, Qualified ECP Guarantor shall only up to be liable under this Section 16 for the maximum amount of such liability that can be hereby incurred without rendering such Qualified ECP Guarantor’s its obligations and undertakings under this Section 10.16 16, or otherwise under this Guaranty, voidable under Applicable Law applicable law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations and undertakings of each Qualified ECP Guarantor under this Section 16 shall remain in full force and effect until the Guaranteed Obligations have been indefeasibly Fully Paid are paid in full (other than contingent, unasserted indemnification obligations and performedobligations and liabilities under Treasury Services Agreements and Swap Contracts not due and payable), the expiration or termination of all Letters of Credit (other than Letters of Credit that are Cash Collateralized or back-stopped by a letter of credit in form, amount and substance reasonably satisfactory to the applicable L/C Issuer) and the termination of Commitments. Each Qualified ECP Guarantor intends that this Section to 16 constitute, and this Section 16 shall be deemed to constitute, a guarantee of the obligations of, and a “keepwell, support, or other agreement” for the benefit of, of each Specified Borrower other Guarantor for all purposes of the Commodity Exchange Act.Section 1a(18)(A)(v)(II)
Appears in 3 contracts
Samples: Credit Agreement (Altice USA, Inc.), Credit Agreement (Altice USA, Inc.), Credit Agreement (Altice USA, Inc.)
Keepwell. Each Borrower Grantor that is a Qualified ECP Guarantor at the time that any guarantee or the grant of the security interest hereunder or under any the other Loan DocumentDocuments, in each case, by any Specified BorrowerGuarantor, becomes effective with respect to any Swap Obligation, hereby jointly and severally, absolutely, unconditionally and irrevocably undertakes to provide such funds or other support to each Specified Borrower Guarantor with respect to such Swap Obligation as may be needed by such Specified Borrower Guarantor from time to time to honor all of its obligations under such guarantee this Agreement and the other Loan Documents in respect of such Swap Obligation (but, in each case, only up to the maximum amount of such liability that can be hereby incurred without rendering such Qualified ECP Guarantor’s obligations and undertakings under this Section 10.16 18 voidable under Applicable Law applicable law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations and undertakings of each Qualified ECP Guarantor under this Section shall remain in full force and effect until the Obligations have been indefeasibly Fully Paid paid and performedperformed in full. Each Qualified ECP Guarantor intends this Section to constitute, and this Section shall be deemed to constitute, a guarantee of the obligations of, and constitute a “keepwell, support, or other agreement” for the benefit of, each Specified Borrower Guarantor for all purposes of the Commodity Exchange Act.
Appears in 3 contracts
Samples: General Security Agreement (Main Street Capital CORP), General Security Agreement (Triangle Capital CORP), General Security Agreement (Main Street Capital CORP)
Keepwell. Each The Borrower that shall, and shall ensure that, to the extent any Subsidiary is a Qualified ECP Guarantor at Guarantor, the time that any guarantee or the grant of the security interest hereunder or under any other Loan Document, in Borrower and each case, by any Specified Borrower, becomes effective with respect to any Swap Obligation, hereby jointly and severallySubsidiary shall, absolutely, unconditionally and irrevocably undertakes undertake to provide such funds or other support to each Specified Borrower with respect to such Swap Obligation as may be needed by such Specified Borrower from time to time by the Borrower or any Subsidiary (that provides a guarantee to honor the Agent, the Lenders and the Swap Lenders) to honour all of its obligations under such its guarantee and the other Loan Documents in respect of Swap Indebtedness (provided, however, the Borrower and each Subsidiary shall only be liable under such Swap Obligation (but, in each case, only up to undertaking for the maximum amount of such liability that can be hereby incurred without rendering such Qualified ECP Guarantor’s its obligations and undertakings under this Section 10.16 undertaking, or otherwise under the Documents to which it is a party, voidable under Applicable applicable Law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations of the Borrower and undertakings of each Qualified ECP Guarantor Subsidiary under this Section undertaking shall remain in full force and effect until discharged in accordance with the Obligations have been indefeasibly Fully Paid and performedprovisions of the relevant Document. Each Qualified ECP Guarantor The Borrower intends that this Section to and the undertaking provided for shall constitute, and this Section shall be deemed to constitute, a guarantee of the obligations of, and a “keepwell, support, or other agreement” for the benefit ofof the Borrower and its Subsidiaries (that provide a guarantee to the Agent, each Specified Borrower the Lenders and the Swap Lenders) for all purposes of Section 1a(18)(A)(v)(II) of the Commodity Exchange Act.
Appears in 3 contracts
Samples: Credit Agreement (Obsidian Energy Ltd.), Credit Agreement (Obsidian Energy Ltd.), Credit Agreement (Obsidian Energy Ltd.)
Keepwell. Each Borrower Guarantor that is a Qualified ECP Guarantor at the time that any guarantee this Guaranty Agreement or the grant of the security interest hereunder or under any other the Loan DocumentDocuments, in each case, by any Specified BorrowerLoan Party, becomes effective with respect to any Swap Obligation, hereby jointly and severally, absolutely, unconditionally and irrevocably undertakes to provide such funds or other support to each Specified Borrower Loan Party with respect to such Swap Obligation as may be needed by such Specified Borrower Loan Party from time to time to honor all of its obligations under such guarantee this Guaranty Agreement and the other Loan Documents in respect of such Swap Obligation (but, in each case, only up to the maximum amount of such liability that can be hereby incurred without rendering such Qualified ECP Guarantor’s obligations and undertakings under this Section 10.16 26 voidable under Applicable Law applicable law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations and undertakings of each Qualified ECP Guarantor under this Section 26 shall remain in full force and effect until the Obligations have been indefeasibly Fully Paid paid and performedperformed in full. Each Qualified ECP Guarantor intends this Section 26 to constitute, and this Section 26 shall be deemed to constitute, a guarantee of the obligations of, and a “keepwell, support, or other agreement” for the benefit of, each Specified Borrower Loan Party for all purposes of the Commodity Exchange Act.
Appears in 3 contracts
Samples: Subsidiary Guaranty Agreement (Asbury Automotive Group Inc), Subsidiary Guaranty Agreement (Asbury Automotive Group Inc), Subsidiary Guaranty Agreement (Asbury Automotive Group Inc)
Keepwell. Each Borrower Guarantor that is a Qualified ECP Guarantor at the time that any of the guarantee hereunder or the grant of the security interest hereunder or under any other the Loan DocumentDocuments, in each case, by any Specified BorrowerGuarantor, becomes effective with respect to any Swap Obligation, hereby jointly and severally, absolutely, unconditionally and irrevocably undertakes to provide such funds or other support to each Specified Borrower Guarantor with respect to such Swap Obligation as may be needed by such Specified Borrower Guarantor from time to time to honor all of its obligations under such its guarantee and the other Loan Documents in respect of such Swap Obligation (but, in each case, only up to the maximum amount of such liability that can be hereby incurred without rendering such Qualified ECP Guarantor’s obligations and undertakings under this Section 10.16 2.8 voidable under Applicable Law applicable law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations and undertakings of each Qualified ECP Guarantor under this Section shall remain in full force and effect until the Guaranteed Obligations have been indefeasibly Fully Paid paid and performedperformed in full. Each Qualified ECP Guarantor intends this Section to constitute, and this Section shall be deemed to constitute, a guarantee of the obligations of, and a “keepwell, support, or other agreement” for the benefit of, each Specified Borrower Guarantor for all purposes of the Commodity Exchange Act.
Appears in 3 contracts
Samples: Cross Guarantee Agreement, Cross Guarantee Agreement (Constellation Brands, Inc.), Cross Guarantee Agreement (Constellation Brands, Inc.)
Keepwell. Each Borrower that is a Qualified ECP Guarantor at the time that any guarantee or the grant of the security interest hereunder or under any other Loan Document, in each case, by any Specified Borrower, becomes effective with respect to any Swap Obligation, hereby jointly and severally, severally absolutely, unconditionally and irrevocably undertakes to provide such funds or other support to each Specified Borrower with respect to such Swap Obligation as may be needed by such Specified Borrower from time to time by each other Guarantor to honor all of its obligations under such guarantee and the other Loan Documents guaranty given hereby in respect of such the Swap Obligation (butObligations; provided, in however, that each case, Qualified ECP Guarantor shall only up to be liable under this Section 4.08 for the maximum amount of such liability that can be hereby incurred without rendering such Qualified ECP Guarantor’s its obligations and undertakings under this Section 10.16 4.08, or otherwise under the guaranty given hereby, voidable under Applicable applicable Law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations and undertakings of each Qualified ECP Guarantor under this Section 4.08 shall remain in full force and effect until the termination of the Commitments and the repayment, satisfaction or discharge of all other Obligations have (other than (i) contingent indemnification obligations as to which no claim has been indefeasibly Fully Paid asserted, (ii) Obligations described in clauses (b) and performed(c) of the definition thereof and (iii) any Letter of Credit that has been Cash Collateralized or back-stopped by a letter of credit reasonably satisfactory to the L/C Issuer or such Letter of Credit has been deemed reissued under another agreement reasonably acceptable to the L/C Issuer). Each Qualified ECP Guarantor intends that this Section to 4.08 constitute, and this Section 4.08 shall be deemed to constitute, a guarantee of the obligations of, and a “keepwell, support, or other agreement” for the benefit of, of each Specified Borrower other Guarantor for all purposes of Section 1a(18)(A)(v)(II) of the Commodity Exchange Act.
Appears in 3 contracts
Samples: Credit Agreement (Mercury Systems Inc), Credit Agreement (Mercury Systems Inc), Credit Agreement (Mercury Systems Inc)
Keepwell. Each Borrower that is a Qualified ECP Guarantor at the time that any guarantee or the grant of the security interest hereunder or under any other Loan Document, in each case, by any Specified Borrower, becomes effective with respect to any Swap Obligation, Borrower hereby jointly and severally, severally absolutely, unconditionally and irrevocably undertakes to provide such funds or other support to each Specified Borrower with respect to such Swap Obligation as may be needed by such Specified Borrower from time to time by each other Borrower to honor all of its obligations under such guarantee and the other Loan Documents this Agreement in respect of such Swap Obligation Obligations (butprovided, in however, that each case, Qualified ECP Borrower shall only up to be liable under this Section 10.22 for the maximum amount of such liability that can be hereby incurred without rendering such Qualified ECP Guarantor’s its obligations and undertakings under this Section 10.16 10.22, or otherwise under this Agreement, as it relates to such Borrower, voidable under Applicable Law applicable law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations and undertakings of each Qualified ECP Guarantor Borrower under this Section 10.22 shall remain in full force and effect until so long as any Lender shall have any Revolving Credit Commitment hereunder, any Loan or other ABL Obligation hereunder (other than ABL Obligations arising under Secured Cash Management Agreements and Secured Hedge Agreements as to which other arrangements satisfactory to the Obligations Administrative Agent and the applicable Secured Party have been indefeasibly Fully Paid made) which is accrued and performedpayable shall remain unpaid or unsatisfied, or any Letter of Credit shall remain outstanding (unless the Outstanding Amount of the L/C Obligations related thereto has been Cash Collateralized or a backstop letter of credit reasonably satisfactory to the applicable L/C Issuer is in place). Each Qualified ECP Guarantor Borrower intends that this Section to 10.22 constitute, and this Section 10.22 shall be deemed to constitute, a guarantee of the obligations of, and a “keepwell, support, or other agreement” for the benefit of, of each Specified other Borrower for all purposes of Section 1a(18)(A)(v)(II) of the Commodity Exchange Act.
Appears in 2 contracts
Samples: Abl Credit Agreement (GMS Inc.), Abl Credit Agreement (GMS Inc.)
Keepwell. Each Borrower Grantor that is a Qualified ECP Guarantor at the time that any guarantee the guaranty or the grant of the security interest hereunder or under any other Loan Documenthereunder, in each case, by any Specified BorrowerLoan Party, becomes effective with respect to any Swap Obligation, hereby jointly and severally, absolutely, unconditionally and irrevocably undertakes to provide such funds or other support to each Specified Borrower Loan Party with respect to such Swap Obligation as may be needed by such Specified Borrower Loan Party from time to time to honor all of its obligations under such guarantee this Agreement and the other Loan Documents in respect of such Swap Obligation (but, in each case, only up to the maximum amount of such liability that can be hereby incurred without rendering such Qualified ECP Guarantor’s obligations and undertakings under this Section 10.16 2 voidable under Applicable Law applicable law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations and undertakings of each Qualified ECP Guarantor under this Section 2.8 shall remain in full force and effect until the Obligations have been indefeasibly Fully Paid paid and performedperformed in full (other than any contingent indemnification or similar obligation not yet due and payable, and any Obligation owing under any Rate Swap Document or Cash Management Agreement) and no Letter of Credit shall be outstanding (unless cash collateralized on terms acceptable to the L/C Issuer or such Letter of Credit becomes a Supported Letter of Credit). Each Qualified ECP Guarantor intends this Section 2.8 to constitute, and this Section 2.8 shall be deemed to constitute, a guarantee of the obligations of, and a “keepwell, support, or other agreement” for the benefit of, each Specified Borrower Loan Party for all purposes of the Commodity Exchange Act.
Appears in 2 contracts
Samples: Credit Agreement (Hanger, Inc.), Credit Agreement (Hanger, Inc.)
Keepwell. Each Borrower Guarantor that is a Qualified ECP Guarantor (as defined below) at the time that any guarantee the Guaranty or the grant of the security interest hereunder or under any other Loan Documentthe Credit Documents, in each case, by any Specified BorrowerCredit Party (as defined below), becomes effective with respect to any Swap Obligation, hereby jointly and severally, absolutely, unconditionally and irrevocably undertakes to provide such funds or other support to each Specified Borrower Credit Party with respect to such Swap Obligation as may be needed by such Specified Borrower Credit Party from time to time to honor all of its obligations under such guarantee this Guaranty and the other Loan Credit Documents in respect of such Swap Obligation (but, in each case, only up to the maximum amount of such liability that can be hereby incurred without rendering such Qualified ECP Guarantor’s obligations and undertakings under this Section 10.16 23 voidable under Applicable Law applicable law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations and undertakings of each Qualified ECP Guarantor under this Section 23 shall remain in full force and effect until the Relevant Guaranteed Obligations have been indefeasibly Fully Paid paid and performedperformed in full. Each Qualified ECP Guarantor intends this Section 23 to constitute, and this Section 23 shall be deemed to constitute, a guarantee of the obligations of, and a “keepwell, support, or other agreement” for the benefit of, each Specified Borrower Credit Party for all purposes of the Commodity Exchange Act.
Appears in 2 contracts
Samples: First Lien Term Loan Credit Agreement (VERRA MOBILITY Corp), Revolving Credit Agreement (VERRA MOBILITY Corp)
Keepwell. Each Borrower Grantor that is a Qualified ECP Guarantor at the time that any guarantee or the grant of the security interest hereunder or under any the other Loan DocumentDocuments, in each case, by any Specified BorrowerGuarantor, becomes effective with respect to any Swap Obligation, hereby jointly and severally, absolutely, unconditionally and irrevocably undertakes to provide such funds or other support to each Specified Borrower Guarantor with respect to such Swap Obligation as may be needed by such Specified Borrower Guarantor from time to time to honor all of its obligations under such guarantee this Agreement and the other Loan Documents in respect of such Swap Obligation (but, in each case, only up to the maximum amount of such liability that can be hereby incurred without rendering such Qualified ECP Guarantor’s obligations and undertakings under this Section 10.16 19 voidable under Applicable Law applicable law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations and undertakings of each Qualified ECP Guarantor under this Section shall remain in full force and effect until the Obligations have been indefeasibly Fully Paid paid and performedperformed in full. Each Qualified ECP Guarantor intends this Section to constitute, and this Section shall be deemed to constitute, a guarantee of the obligations of, and constitute a “keepwell, support, or other agreement” for the benefit of, each Specified Borrower Guarantor for all purposes of the Commodity Exchange Act.
Appears in 2 contracts
Samples: Equity Pledge Agreement (Main Street Capital CORP), Equity Pledge Agreement (Main Street Capital CORP)
Keepwell. Each Borrower Guarantor that is a Qualified ECP Guarantor at the time that any of the guarantee hereunder or the grant of the security interest hereunder or under any other the Loan DocumentDocuments, in each case, by any Specified BorrowerGuarantor, becomes effective with respect to any Swap Obligation, hereby jointly and severally, absolutely, unconditionally and irrevocably undertakes to provide such funds or other support to each Specified Borrower Guarantor with respect to such Swap Obligation as may be needed by such Specified Borrower Guarantor from time to time to honor all of its obligations under such its guarantee and the other Loan Documents in respect of such Swap Obligation (but, in each case, only up to the maximum amount of such liability that can be hereby incurred without rendering such Qualified ECP Guarantor’s obligations and undertakings under this Section 10.16 2.8 voidable under Applicable Law applicable law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations and undertakings of each Qualified ECP Guarantor under this Section shall remain in full force and effect until the Obligations have been indefeasibly Fully Paid paid and performedperformed in full. Each Qualified ECP Guarantor intends this Section to constitute, and this Section shall be deemed to constitute, a guarantee of the obligations of, and a “keepwell, support, or other agreement” for the benefit of, each Specified Borrower Guarantor for all purposes of the Commodity Exchange Act.
Appears in 2 contracts
Samples: Guarantee Agreement (Constellation Brands, Inc.), Restatement Agreement (Constellation Brands, Inc.)
Keepwell. Each Borrower that is a Qualified ECP Guarantor at the time that any guarantee or the grant of the security interest hereunder or under any other Loan Document, in each case, by any Specified Borrower, becomes effective with respect to any Swap Obligation, hereby jointly and severally, severally absolutely, unconditionally and irrevocably undertakes to provide such funds or other support to each Specified Borrower with respect to such Swap Obligation other Loan Party as may be needed by such Specified Borrower Loan Party from time to time to honor all of its obligations under such guarantee this Agreement and the other Loan Documents to which it is a party with respect to Swap Obligations permitted under this Agreement that would, in respect the absence of such the agreement in this Subsection 9.24, otherwise constitute Excluded Swap Obligation Obligations (but, in each case, only up to the maximum amount of such liability that can be hereby incurred without rendering such Qualified ECP Guarantor’s Guarantors’ obligations and undertakings under this Section 10.16 voidable under Applicable Law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations obligations, undertakings and undertakings guaranty of each the Qualified ECP Guarantor Guarantors under this Section Subsection 9.24 shall remain in full force and effect until indefeasible payment in full in cash of the Obligations have and termination of all the Loan Commitments (other than contingent indemnity, expense reimbursement and tax gross-up payments for which no claim has been indefeasibly Fully Paid asserted). The Borrower and performed. Each the Qualified ECP Guarantor intends Guarantors intend this Section Subsection 9.24 to constitute, and this Section Subsection 9.24 shall be deemed to constitute, a guarantee of the obligations of, and a “keepwell, support, or other agreement” for the benefit of, each Specified Borrower Loan Party for all purposes of the Commodity Exchange Act.
Appears in 2 contracts
Samples: Third Amendment and Confirmation Agreement (ATN International, Inc.), Credit Agreement (Atlantic Tele Network Inc /De)
Keepwell. Each Borrower Obligor that is a Qualified ECP Guarantor at the time that any guarantee the Guaranty or the grant of a Lien under the security interest hereunder or under any other Loan DocumentDocuments, in each case, by any Specified Borrower, Obligor becomes effective with respect to any Swap Obligation, hereby jointly and severally, absolutely, unconditionally and irrevocably undertakes to provide such funds or other support to each Specified Borrower Obligor with respect to such Swap Obligation as may be needed by such Specified Borrower Obligor from time to time to honor all of its obligations under such guarantee and the other Loan Documents in respect of such Swap Obligation (but, in each case, only up to the maximum amount of such liability that can be hereby incurred without rendering such Qualified ECP Guarantor’s obligations and undertakings under this Section 10.16 Article 11 voidable under Applicable Law applicable law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations and undertakings of each Qualified ECP Guarantor under this Section 11.11 shall remain in full force and effect until the Obligations have been indefeasibly Fully Paid paid and performedperformed in full. Each Qualified ECP Guarantor Obligor intends this Section 11.11 to constitute, and this Section 11.11 shall be deemed to constitute, a guarantee of the obligations of, and a “keepwell, support, or other agreement” for the benefit of, each Specified Borrower Obligor for all purposes of the Commodity Exchange Act.
Appears in 2 contracts
Samples: Loan and Security Agreement (Max International Inc), Loan and Security Agreement (Max International Inc)
Keepwell. Each Borrower that If Guarantor is a Qualified ECP Guarantor at (as defined in the time that any guarantee or the grant of the security interest hereunder or under any other Loan DocumentCredit Agreement), in each case, by any Specified Borrower, becomes effective with respect to any Swap Obligation, Guarantor hereby jointly and severally, absolutely, unconditionally and irrevocably undertakes to provide such funds or other support to each Specified Borrower with respect to such Swap Obligation as may be needed by such Specified Borrower from time to time by each other Guarantor (as defined in the Credit Agreement) to honor all of its obligations under such guarantee and its Guaranty (as defined in the other Loan Documents Credit Agreement) in respect of such Swap Obligation Obligations (butas defined in the Credit Agreement); provided, however, that Guarantor, in each caseits capacity as a Qualified ECP Guarantor, shall only up to be liable under this Section for the maximum amount of such liability that can be hereby incurred without rendering such Qualified ECP Guarantor’s its obligations and undertakings under this Section 10.16 Section, or otherwise under this Guaranty, as it relates to such other Guarantor (as defined in the Credit Agreement), voidable under Applicable Law applicable law relating to fraudulent conveyance conveyances or fraudulent transfertransfers, and not for any greater amount). The obligations and undertakings of each Guarantor as a Qualified ECP Guarantor under this Section shall remain in full force and effect until discharged by the Obligations have been indefeasibly Fully Paid and performedrelease of this Guaranty. Each Qualified ECP Guarantor intends this Section to constitute, and that this Section shall be deemed to constitute, a guarantee of the obligations of, and a “keepwell, support, support or other agreement” for the benefit of, of each Specified Borrower other Guarantor (as defined in the Credit Agreement) for all purposes of Section la(18)(A)(v)(II) of the Commodity Exchange ActAct (as defined in the Credit Agreement).
Appears in 2 contracts
Samples: Guaranty (Carbon Natural Gas Co), Guaranty Amendment (Carbon Natural Gas Co)
Keepwell. Each Borrower Guarantor that is a Qualified ECP Guarantor at the time that any guarantee the Guaranty or the grant of the security interest hereunder or under any other the Loan DocumentDocuments, in each case, by any Specified BorrowerLoan Party, becomes effective with respect to any Swap Obligation, hereby jointly and severally, absolutely, unconditionally and irrevocably undertakes to provide such funds or other support to each Specified Borrower Loan Party with respect to such Swap Obligation as may be needed by such Specified Borrower Loan Party from time to time to honor all of its obligations under such guarantee this Agreement and the other Loan Documents in respect of such Swap Obligation (but, in each case, only up to the maximum amount of such liability that can be hereby incurred without rendering such Qualified ECP Guarantor’s obligations and undertakings under this Section 10.16 2.9 voidable under Applicable Law applicable law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations and undertakings of each Qualified ECP Guarantor under this Section 2.9 shall remain in full force and effect until the Guarantor Obligations have been indefeasibly Fully Paid paid and performedperformed in full. Each Qualified ECP Guarantor intends this Section 2.9 to constitute, and this Section 2.9 shall be deemed to constitute, a guarantee of the obligations of, and a “keepwell, support, or other agreement” for the benefit of, each Specified Borrower Loan Party for all purposes of the Commodity Exchange Act.
Appears in 2 contracts
Samples: Guarantee and Collateral Agreement, Guarantee and Collateral Agreement (Engility Holdings, Inc.)
Keepwell. Each Borrower Guarantor that is a Qualified ECP Guarantor at the time that any guarantee this Agreement or the grant of the security interest hereunder or under any other the Loan DocumentDocuments, in each case, by any Specified BorrowerGuarantor, becomes effective with respect to any Swap Obligation, hereby jointly and severally, absolutely, unconditionally and irrevocably undertakes to provide such funds or other support to each Specified Borrower Guarantor with respect to such Swap Obligation as may be needed by such Specified Borrower Guarantor from time to time to honor all of its obligations under such guarantee this Agreement and the other Loan Documents in respect of such Swap Obligation (but, in each case, only up to the maximum amount of such liability that can be hereby incurred without rendering such Qualified ECP Guarantor’s obligations and undertakings under this Section 10.16 24 voidable under Applicable Law applicable law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations and undertakings of each Qualified ECP Guarantor under this Section shall remain in full force and effect until the Secured Obligations have been indefeasibly Fully Paid paid and performedperformed in full. Each Qualified ECP Guarantor intends this Section to constitute, and this Section shall be deemed to constitute, a guarantee of the obligations of, and a “keepwell, support, or other agreement” for the benefit of, each Specified Borrower Guarantor for all purposes of the Commodity Exchange Act.
Appears in 2 contracts
Samples: Credit Agreement (Toys R Us Inc), Credit Agreement (Toys R Us Inc)
Keepwell. Each Borrower that is a Borrowers hereby agree to cause each Qualified ECP Guarantor at the time that any guarantee or the grant of the security interest hereunder or under any other Loan Document, in each case, by any Specified Borrower, becomes effective with respect to any Swap Obligation, hereby jointly and severally, severally absolutely, unconditionally and irrevocably undertakes undertake to provide such funds or other support to each Specified Borrower with respect to such Swap Obligation as may be needed by such Specified Borrower from time to time by each Specified Credit Party to honor all of its such Specified Credit Party’s obligations under such guarantee its Guarantee and the other Loan Security Documents in respect of such Swap Obligation Obligations (butprovided, in however, that each case, Qualified ECP Guarantor shall only up be liable under its undertaking pursuant to this Section 5.7 for the maximum amount of such liability that can be hereby incurred without rendering such Qualified ECP Guarantor’s obligations and undertakings under this Section 10.16 its Guarantee, voidable under Applicable Law relating to fraudulent conveyance or fraudulent transferthe Bankruptcy Code and other applicable Debtor Relief Laws, and not for any greater amount). The obligations and undertakings of each Qualified ECP Guarantor under this Section 5.7 shall remain in full force and effect until Payment in Full of the Obligations have been indefeasibly Fully Paid and performedObligations. Each Borrower, for itself and on behalf of each Qualified ECP Guarantor Guarantor, intends that this Section to 5.7 (and any corresponding provision of any applicable Guarantee) constitute, and this Section 5.7 (and any corresponding provision of any applicable Guarantee) shall be deemed to constitute, a guarantee of the obligations of, and a “keepwell, support, or other agreement” for the benefit of, of each Specified Borrower Credit Party for all purposes of section 1a(18)(A)(v)(II) of the Commodity Exchange Act.
Appears in 2 contracts
Samples: Credit Agreement (BRC Inc.), Credit Agreement (BRC Inc.)
Keepwell. Each Borrower that is a Qualified ECP Guarantor at the time that any guarantee or the grant of the security interest hereunder or under any other Loan Document, in each case, by any Specified Borrower, becomes effective with respect to any Swap Obligation, hereby jointly and severally, severally absolutely, unconditionally and irrevocably undertakes to provide such funds or other support to each Specified Borrower with respect to such Swap Obligation as may be needed by such Specified Borrower from time to time by any other Wholly Owned Holdco Guarantor hereunder to honor all of its such Wholly Owned Holdco Guarantor’s obligations under such guarantee and the other Loan Documents this Agreement in respect of such Guaranteed Obligations, including any Swap Obligation (butObligations, in provided that each case, Qualified ECP Guarantor shall only up to be liable under this Section 2.9 for the maximum amount of such liability that can be hereby incurred without rendering such Qualified ECP Guarantor’s its obligations and undertakings under this Section 10.16 2.9, or otherwise under this Agreement, as it relates to such Wholly Owned Holdco Guarantor, voidable under Applicable applicable Law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations and undertakings of each Qualified ECP Guarantor under this Section 2.9 shall remain in full force and effect until the Obligations have been indefeasibly Fully Paid and performedDebt Termination Date. Each Qualified ECP Guarantor intends that this Section to 2.9 constitute, and this Section 2.9 shall be deemed to constitute, a guarantee of the obligations of, and a “keepwell, support, or other agreement” for the benefit of, of each Specified Borrower other Qualified ECP Guarantor for all purposes of Section 1a(18)(A)(v)(II) of the Commodity Exchange Act. [***] Confidential treatment has been requested for the bracketed portions. The confidential redacted portion has been omitted and filed separately with the Securities and Exchange Commission.
Appears in 2 contracts
Samples: Credit Agreement (Sunrun Inc.), Credit Agreement (Sunrun Inc.)
Keepwell. Each At such time as any Borrower that is a Qualified ECP Guarantor at the time the guarantee by any Guarantor that any guarantee is not then an “eligible contract participant” under the Commodity Exchange Act (a “Specified Obligor”) or the grant of the a security interest hereunder or under the Loan Documents by any other Loan Documentsuch Specified Obligor, in each either case, by any Specified Borrower, becomes effective with respect to any Swap Obligation, then such Obligor hereby jointly and severally, absolutely, unconditionally and irrevocably undertakes to provide such funds or other support to each Specified Borrower Obligor with respect to such Swap Obligation as may be needed by such Specified Borrower Obligor from time to time to honor all of its obligations under such guarantee and the other Loan Documents in respect of such Swap Obligation (but, in each case, only up to the maximum amount of such liability that can be hereby incurred without rendering such Qualified ECP Guarantor’s Borrowers’ obligations and undertakings under this Section 10.16 13.22 voidable under Applicable Law relating to fraudulent conveyance applicable bankruptcy or fraudulent transferinsolvency laws, and not for any greater amount). The obligations and undertakings of each Qualified ECP Guarantor Borrowers under this Section shall remain in full force and effect until the Obligations have been indefeasibly Fully Paid paid and performedperformed in full. Each Qualified ECP Guarantor intends Borrowers intend this Section to constitute, and this Section shall be deemed to constitute, a guarantee of the obligations of, and a “keepwell, support, or other agreement” for the benefit of, of each Specified Borrower Obligor for all purposes of the Commodity Exchange Act.
Appears in 2 contracts
Samples: Loan and Security Agreement (Chicago Atlantic Real Estate Finance, Inc.), Loan and Security Agreement (Chicago Atlantic Real Estate Finance, Inc.)
Keepwell. Each Borrower that is a Qualified ECP Guarantor at the time that any guarantee or the grant of the security interest hereunder or under any other Loan Document, in each case, by any Specified Borrower, becomes effective with respect to any Swap Obligation, Keepwell Provider hereby jointly and severally, severally absolutely, unconditionally unconditionally, and irrevocably undertakes to provide such funds or other support to each Specified Borrower with respect to such Swap Obligation as may be needed by such Specified Borrower from time to time by each other Loan Party to honor all of its obligations under such this guarantee and the other Loan Documents in respect of such any Swap Obligation (butprovided, in however, that each case, Qualified Keepwell Provider shall only up to be liable under this Section 2.8 for the maximum amount of such liability that can be hereby incurred without rendering such Qualified ECP Guarantor’s its obligations and undertakings under this Section 10.16 2.8, or otherwise under this guarantee, voidable under Applicable Law applicable law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations and undertakings of each Qualified ECP Guarantor Keepwell Provider under this Section 2.8 shall remain in full force and effect until the Loans, the Reimbursement Obligations and the other Obligations (other than Borrower Hedge Agreement Obligations and, Guarantor Hedge Agreement Obligations and Guarantor Cash Management Obligations) shall have been indefeasibly Fully Paid paid in full, the Commitments have been terminated and performedno Letters of Credit shall be outstanding. Each Qualified ECP Guarantor Keepwell Provider intends that this Section to 2.8 constitute, and this Section 2.8 shall be deemed to constitute, a guarantee of the obligations of, and a “keepwell, support, or other agreement” for the benefit of, of each Specified Borrower other Loan Party for all purposes of section 1a(18)(A)(v)(II) of the Commodity Exchange Act.
Appears in 2 contracts
Samples: Credit Agreement (Cinemark Holdings, Inc.), Credit Agreement (Cinemark Usa Inc /Tx)
Keepwell. Each Borrower Loan Party that is a Qualified ECP Guarantor at the time that any the guarantee hereunder or the grant of the security interest hereunder or under any other the Loan DocumentDocuments, in each case, by any Specified BorrowerGuarantor, becomes effective with respect to any Swap Obligation, hereby jointly and severally, absolutely, unconditionally and irrevocably undertakes to provide such funds or other support to each Specified Borrower Guarantor with respect to such Swap Obligation as may be needed by such Specified Borrower Guarantor from time to time to honor all of its obligations under such its guarantee and the other Loan Documents in respect of such Swap Obligation (but, in each case, only up to the maximum amount of such liability that can be hereby incurred without rendering such Qualified ECP Guarantor’s obligations and undertakings under this Section 10.16 10.08 voidable under Applicable Law applicable law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations and undertakings of each Qualified ECP Guarantor under this Section shall remain in full force and effect until the Obligations have been indefeasibly Fully Paid paid and performedperformed in full. Each Qualified ECP Guarantor intends this Section to constitute, and this Section shall be deemed to constitute, a guarantee of the obligations of, and a “keepwell, support, or other agreement” for the benefit of, each Specified Borrower Guarantor for all purposes of the Commodity Exchange Act.
Appears in 2 contracts
Samples: Credit Agreement (Triangle Capital CORP), Credit Agreement (Triangle Capital CORP)
Keepwell. Each Borrower that is a Qualified ECP Guarantor Borrower at the time that any guarantee this Agreement or the grant of the security interest hereunder or under any other Loan Documentthe Credit Documents, in each case, by any Specified BorrowerCredit Party, becomes effective with respect to any Swap Obligation, hereby jointly and severally, absolutely, unconditionally and irrevocably undertakes to provide such funds or other support to each Specified Borrower Credit Party with respect to such Swap Obligation as may be needed by such Specified Borrower Credit Party from time to time to honor all of its obligations under such guarantee this Agreement and the other Loan Credit Documents in respect of such Swap Obligation (but, in each case, only up to the maximum amount of such liability that can be hereby incurred without rendering such Qualified ECP GuarantorBorrower’s obligations and undertakings under this Section 10.16 14.24 voidable under Applicable Law applicable law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations and undertakings of each Qualified ECP Guarantor Borrower under this Section 14.24 shall remain in full force and effect until the Obligations have been indefeasibly Fully Paid paid and performedperformed in full. Each Qualified ECP Guarantor Borrower intends this Section 14.24 to constitute, and this Section 14.24 shall be deemed to constitute, a guarantee of the obligations of, and a “keepwell, support, or other agreement” for the benefit of, each Specified Borrower Credit Party for all purposes of the Commodity Exchange Act.
Appears in 2 contracts
Samples: Restatement Agreement (HCA Healthcare, Inc.), Credit Agreement (HCA Holdings, Inc.)
Keepwell. Each of the Borrower that is a and each Qualified ECP Guarantor at the time that any guarantee or the grant of the security interest hereunder or under any other Loan Document, in each case, by any Specified Borrower, becomes effective with respect to any Swap Obligation, hereby jointly and severally, severally absolutely, unconditionally and irrevocably undertakes to provide such funds or other support to each Specified Borrower with respect to such Swap Obligation other Guarantor as may be needed by such Specified Borrower Guarantor from time to time to honor all of its obligations under such guarantee this Agreement and the other Loan Documents to which it is a party with respect to Swap Obligations that would, in respect the absence of such the agreement in this Section 12.10, otherwise constitute Excluded Swap Obligation Obligations (but, in each case, only up to the maximum amount of such liability that can be hereby incurred without rendering the Borrower’s and such Qualified ECP Guarantor’s Guarantors’ obligations and undertakings under this Section 10.16 voidable under Applicable applicable Law relating to fraudulent conveyance or conveyance, fraudulent transfer, voidable transactions or similar matters, and not for any greater amount). The obligations and undertakings of each the Borrower and the Qualified ECP Guarantor Guarantors under this Section 12.10 shall remain in full force and effect until the Guarantors’ Obligations have been indefeasibly Fully Paid paid and performedperformed in full. Each The Borrower and the Qualified ECP Guarantor intends Guarantors intend this Section 12.10 to constitute, and this Section 12.10 shall be deemed to constitute, a guarantee of the obligations of, and a “keepwell, support, or other agreement” for the benefit of, each Specified Borrower Guarantor for all purposes of the Commodity Exchange Act.
Appears in 2 contracts
Samples: Credit Agreement (Andersons, Inc.), Credit Agreement (Andersons, Inc.)
Keepwell. Each Borrower that is a Qualified ECP Guarantor The Parent Guarantor, at the time that any guarantee or the grant of the security interest hereunder or under any other Loan Document, in each case, Guaranty by any Specified BorrowerLoan Party (as defined in the Credit Agreement), becomes effective with respect to any Swap ObligationObligation (as defined in the Credit Agreement), hereby jointly and severally, absolutely, unconditionally and irrevocably undertakes to provide such funds or other support to each Specified Borrower with respect to such Swap Obligation as may be needed by such Specified Borrower Loan Party from time to time to honor all of its obligations under such guarantee and the other Loan Documents its Guaranty in respect of such Swap Obligation (but, in each case, only up to the maximum amount of such liability that can be hereby incurred without rendering such Qualified ECP Subsidiary Guarantor’s obligations and undertakings under this Section 10.16 20 void or voidable under Applicable Law applicable law relating to unlawful financial assistance (within the meaning of Section 2:98c of the Dutch Civil Code or any equivalent and applicable provisions under the laws of the jurisdiction of incorporation of the Parent Guarantor), fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations and undertakings of each Qualified ECP the Parent Guarantor under this Section 20 shall remain in full force and effect until the Guaranteed Obligations have been indefeasibly Fully Paid paid and performedperformed in full. Each Qualified ECP The Parent Guarantor intends this Section 20 to constitute, and this Section 20 shall be deemed to constitute, a guarantee of the obligations of, and a “keepwell, support, or other agreement” for the benefit of, each Specified Borrower Loan Party for all purposes of the Commodity Exchange Act.
Appears in 1 contract
Keepwell. Each The Borrower that is shall at all times designate a Qualified ECP Guarantor at (determined by the time that any guarantee or the grant of the security interest hereunder or under any other Loan Document, Borrower in each case, by any Specified Borrower, becomes effective with respect to any Swap Obligation, hereby jointly its sole discretion) and severally, such Qualified ECP Guarantor shall absolutely, unconditionally unconditionally, and irrevocably undertakes undertake to provide such funds or other support to each Specified Borrower with respect to such Swap Obligation as may be needed by such Specified Borrower from time to time by each other Loan Party to honor all of its obligations under such this guarantee and the other Loan Documents in respect of such any Swap Obligation (butprovided, in each casehowever, that such Qualified ECP Guarantor shall only up to be liable under this Section 2.8 for the maximum amount of such liability that can be hereby incurred without rendering such Qualified ECP Guarantor’s its obligations and undertakings under this Section 10.16 2.8, or otherwise under this guarantee, voidable under Applicable Law applicable law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations and undertakings of each such Qualified ECP Guarantor under this Section 2.8 shall remain in full force and effect until all the Borrower Obligations and the obligations of each Guarantor under the guarantee contained in this Section 2 shall have been indefeasibly Fully Paid satisfied by payment in full, no Letter of Credit shall be outstanding and performedthe Commitments shall be terminated, notwithstanding that from time to time during the term of the Credit Agreement the Borrower may be free from any Borrower Obligations. Each The Borrower certifies on behalf of such Qualified ECP Guarantor that it intends that this Section to 2.8 constitute, and this Section 2.8 shall be deemed to constitute, a guarantee of the obligations of, and a “keepwell, support, support or other agreement” for the benefit of, of each Specified Borrower other Guarantor for all purposes of section 1a(18)(A)(v)(II) of the Commodity Exchange Act.”
Appears in 1 contract
Samples: Guarantee and Collateral Agreement (MARRIOTT VACATIONS WORLDWIDE Corp)
Keepwell. Each Borrower Debtor that is a Qualified ECP Guarantor at the time any Guarantee of the Obligations by any Debtor that any guarantee is not then an “eligible contract participant” under the Commodity Exchange Act (a “Specified Loan Party”) or the grant of the a security interest hereunder or under the Loan Documents by any other such Specified Loan DocumentParty, in each either case, by any Specified Borrower, becomes effective with respect to any Swap Obligation, hereby jointly and severally, absolutely, unconditionally and irrevocably undertakes to provide such funds or other support to each Specified Borrower Loan Party with respect to such Swap Obligation as may be needed by such Specified Borrower Loan Party from time to time to honor all of its obligations under such guarantee and the other Loan Documents in respect of such Swap Obligation (but, in each case, only up to the maximum amount of such liability that can be hereby incurred without rendering such Qualified ECP Guarantor’s obligations and undertakings under this Section 10.16 such Guarantee voidable under Applicable Law relating to fraudulent conveyance or fraudulent transferapplicable Debtor Relief Laws, and not for any greater amount). The obligations and undertakings of each Qualified ECP Guarantor under this Section 28 shall remain in full force and effect until the Obligations have been indefeasibly Fully Paid paid and performedperformed in full. Each Qualified ECP Guarantor Debtor intends this Section 28 to constitute, and this Section shall be deemed to constitute, a guarantee of the obligations of, and a “keepwell, support, or other agreement” for the benefit of, of each Specified Borrower Loan Party for all purposes of the Commodity Exchange Act.
(xii) A new Section 29 is hereby added to the Security Agreement to read as follows:
Appears in 1 contract
Keepwell. Each At such time as any Borrower that is a Qualified ECP Guarantor at the time the guarantee by any Guarantor that any guarantee is not then an “eligible contract participant” under the Commodity Exchange Act (a “Specified Obligor”) or the grant of the a security interest hereunder or under the Loan Documents by any other Loan Documentsuch Specified Obligor, in each either case, by any Specified Borrower, becomes effective with respect to any Swap Obligation, then such Obligor hereby jointly and severally, absolutely, unconditionally and irrevocably undertakes to provide such funds or other support to each Specified Borrower Obligor with respect to such Swap Obligation as may be needed by such Specified Borrower Obligor from time to time to honor all of its obligations under such guarantee and the other Loan Documents in respect of such Swap Obligation (but, in each case, only up to the maximum amount of such liability that can be hereby incurred without rendering such Qualified ECP Guarantor’s Borrowers’ obligations and undertakings under this Section 10.16 13.22 voidable under Applicable Law relating to fraudulent conveyance applicable bankruptcy or fraudulent transferinsolvency laws, and not for any greater amount). The obligations and undertakings of each Qualified ECP Guarantor Borrowers under this Section shall remain in full force and effect until the Obligations have been indefeasibly Fully Paid paid and performedperformed in full. Each Qualified ECP Guarantor intends Borrowers intend this Section to constitute, and this Section shall be deemed to constitute, a guarantee of the obligations of, and a “keepwell, support, or other agreement” for the benefit of, of each Specified Borrower Obligor for all purposes of the Commodity Exchange Act.. [Remainder of page intentionally left blank; signatures begin on following page]
Appears in 1 contract
Samples: Loan and Security Agreement (Chicago Atlantic Real Estate Finance, Inc.)
Keepwell. Each Borrower Loan Party that is a Qualified ECP Guarantor at the time that any guarantee the Guaranty or the grant of the security interest hereunder or under any other Loan Documenthereunder, in each case, by any Specified Borrowerother Qualified ECP Guarantor, becomes effective with respect to any Swap Obligation, hereby jointly and severally, absolutely, unconditionally and irrevocably undertakes to provide such funds or other support to each Specified Borrower such Qualified ECP Guarantor with respect to such Swap Obligation as may be needed by such Specified Borrower Qualified ECP Guarantor from time to time to honor all of its obligations under such guarantee its Guaranty and the other Loan Documents in respect of such Swap Obligation (but, in each case, only up to the maximum amount of such liability that can be hereby incurred without rendering such Qualified ECP Guarantor’s obligations and undertakings under this Section 10.16 10.08 voidable under Applicable applicable Law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations and undertakings of each Qualified ECP Guarantor under this Section shall remain in full force and effect until the Obligations have been indefeasibly Fully Paid paid and performedperformed in full. Each Qualified ECP Guarantor intends this Section to constitute, and this Section shall be deemed to constitute, a guarantee of the obligations of, and a “keepwell, support, or other agreement” for the benefit of, each Specified Borrower Qualified ECP Guarantor for all purposes of the Commodity Exchange Act.. 151 US-DOCS\136335661.3140506888.9
Appears in 1 contract
Samples: Credit Agreement (Tutor Perini Corp)
Keepwell. Each Borrower that If Guarantor is a Qualified ECP Guarantor at the time that any guarantee or the grant of the security interest hereunder or under any other Loan DocumentGuarantor, in each case, by any Specified Borrower, becomes effective with respect to any Swap Obligation, hereby jointly and severally, it absolutely, unconditionally and irrevocably undertakes to provide such funds or other support to each Specified Borrower with respect to such Swap Obligation as may be needed by such Specified Borrower from time to time by Borrower to honor all of its obligations under such guarantee and the other Loan Documents Credit Agreement in respect of such Swap Obligation Hedging Obligations (butprovided, in each casehowever, that Guarantor shall only up to be liable under this Section for the maximum amount of such liability that can be hereby incurred without rendering such Qualified ECP Guarantor’s its obligations and undertakings under this Section, or otherwise under this Guaranty, to be avoidable or unenforceable against Guarantor in such proceeding as a result of applicable Legal Requirements, including, without limitation, (A) Section 10.16 voidable under Applicable Law relating to 548 of the Bankruptcy Code of the United States and (B) any state fraudulent transfer or fraudulent conveyance act or fraudulent transferstatute applied in such proceeding, whether by virtue of Section 544 of the Bankruptcy Code of the United States or otherwise, and not for any greater amount). The obligations and undertakings of each Qualified ECP Guarantor under this Section shall remain in full force and effect until the later of (i) the Guaranteed Obligations (other than contingent indemnification obligations and other contingent obligations not yet accrued and payable) shall have been indefeasibly Fully Paid paid, performed and performedcompleted in full, and (ii) the Loan, Hedging Obligations and all interests, fees, and other amounts due from the Borrower under the Loan Documents and the Master Agreement or other documentation in connection with such Hedging Transactions have been paid in full (other than contingent indemnification obligations and other contingent obligations not yet accrued and payable). Each Qualified ECP Guarantor intends that this Section to constitute, and this Section shall be deemed to constitute, a guarantee of the obligations of, and a “keepwell, support, or other agreement” for the benefit of, each Specified of Borrower for all purposes of Section 1a(18)(A)(v)(II) of the Commodity Exchange Act. As used herein, (i) “Commodity Exchange Act” means 7 U.S.C. §1 et seq., as amended
Appears in 1 contract
Keepwell. Each Borrower that is a Qualified ECP Guarantor at the time that any guarantee or the grant of the security interest hereunder or under any other Loan Document, in each case, by any Specified Borrower, becomes effective with respect to any Swap Obligation, hereby jointly and severally, absolutely, unconditionally and irrevocably undertakes to provide such funds or other support to each Specified Borrower with respect to such Swap Obligation Guarantor as may be needed by such Specified Borrower Guarantor from time to time to honor all of its obligations under such guarantee its Guaranty and the other Loan Documents in respect of such any Swap Obligation (butprovided, in however, that each case, Qualified ECP Guarantor shall only be liable under this Section for up to the maximum amount of such liability that can be hereby incurred without rendering such Qualified ECP Guarantor’s obligations and undertakings under this Section 10.16 voidable under Applicable Law applicable law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations and undertakings of each Qualified ECP Guarantor under this Section shall remain in full force and effect until the Obligations have been indefeasibly Fully Paid paid and performedperformed in full. Each Qualified ECP Guarantor intends that this Section to constitute, and this Section shall be deemed to constitute, a guarantee of the obligations of, and a “keepwell, support, or other agreement” for the benefit of, of each Specified Borrower Guarantor for all purposes of § 1a(18)(A)(v)(II) the Commodity Exchange Act.”
(l) 14.3 (a) and (b) shall be amended, in each case, by adding the following sentence at the end thereof: “Notwithstanding the foregoing, no amounts received from any Guarantor shall be applied to any Excluded Swap Obligation of such Guarantor.”
Appears in 1 contract
Keepwell. Each The Parent Guarantor will, and will cause the Borrower that is a Qualified ECP and each Guarantor at the time that any guarantee or the grant of the security interest hereunder or under any other Loan Documentto, in each case, by any Specified Borrower, becomes effective with respect to any Swap Obligation, hereby jointly and severally, absolutely, unconditionally and irrevocably undertakes to provide such funds or other support to each Specified Borrower with respect to such Swap Obligation as may be needed by such Specified Borrower from time to time by the Borrower or any Guarantor, as applicable, to honor all of its obligations under such guarantee this Agreement and the any other Loan Documents Document in respect of such Swap Obligation Obligations (butprovided, in however, that each case, Qualified ECP Guarantor shall only up to be liable under this Section 8.18 for the maximum amount of such liability that can be hereby incurred without rendering such Qualified ECP Guarantor’s its obligations and undertakings under this Section 10.16 8.18, or otherwise under this Agreement or any other Loan Document, as it relates to the Borrower, any Restricted Subsidiary or any Guarantor, as applicable, voidable under Applicable Law applicable law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations of the Borrower and undertakings of each Qualified ECP Guarantor under this Section 8.18 shall remain in full force and effect until the Obligations Commitments have expired or terminated and the principal of and interest on each Loan and all fees payable hereunder and all other amounts payable under the Loan Documents have been indefeasibly Fully Paid paid in full and performedall Letters of Credit have expired or terminated (or been collateralized in accordance with this Agreement) and all LC Disbursements shall have been reimbursed. Each Qualified ECP Guarantor The Borrower intends that this Section to 8.18 constitute, and this Section 8.18 shall be deemed to constitute, a guarantee of the obligations of, and a “keepwell, support, or other agreement” for the benefit ofthe Borrower and any Guarantor, each Specified Borrower as applicable, for all purposes of section 1a(18)(A)(v)(II) of the Commodity Exchange Act. For the avoidance of doubt, the provision of such funds or other support as contemplated by this Section 8.18 shall in no event constitute Debt or Secured Obligations and, notwithstanding anything to the contrary in this Agreement or any other Loan Document, is in all respects permitted hereunder and thereunder.
Appears in 1 contract
Keepwell. Each Borrower Guarantor that is a Qualified ECP Guarantor at the time that any of the guarantee hereunder or the grant of the security interest hereunder or under any other the Loan DocumentDocuments, in each case, by any Specified BorrowerGuarantor, becomes effective with respect to any Swap Obligation, hereby jointly and severally, absolutely, unconditionally and irrevocably undertakes to provide such funds or other support to each Specified Borrower Guarantor with respect to such Swap Obligation as may be needed by such Specified Borrower Guarantor from time to time to honor all of its obligations under such its guarantee and the other Loan Documents in respect of such Swap Obligation (but, in each case, only up to the maximum amount of such liability that can be hereby incurred without rendering such Qualified ECP Guarantor’s obligations and undertakings under this Section 10.16 2.8 voidable under Applicable Law applicable law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations and undertakings of each Qualified ECP Guarantor under this Section shall remain in full force and effect until the Guaranteed Obligations have been indefeasibly Fully Paid paid and performedperformed in full. Each Qualified ECP Guarantor intends this Section to constitute, and this Section shall be deemed to constitute, a guarantee of the obligations of, and a “keepwell, support, or other agreement” for the benefit of, each Specified Borrower Guarantor for all purposes of the Commodity Exchange Act.
Appears in 1 contract
Samples: Cross Guarantee Agreement (Constellation Brands, Inc.)
Keepwell. Each Borrower Guarantor that is a Qualified ECP Guarantor at the time that any guarantee the Guarantee or the grant of the security interest hereunder or under any other the Loan DocumentDocuments, in each case, by any Specified BorrowerLoan Party, becomes effective with respect to any Swap Obligation, hereby jointly and severally, absolutely, unconditionally and irrevocably undertakes to provide such funds or other support to each Specified Borrower Loan Party with respect to such Swap Obligation as may be needed by such Specified Borrower Loan Party from time to time to honor all of its obligations Guaranteed Obligations under such guarantee this Agreement and the other Loan Documents in respect of such Swap Obligation (but, in each case, only up to the maximum amount of such liability that can be hereby incurred without rendering such Qualified ECP Guarantor’s obligations and undertakings under this Section 10.16 11.11 voidable under Applicable Law applicable law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations and undertakings of each Qualified ECP Guarantor under this Section shall remain in full force and effect until the Obligations have been indefeasibly Fully Paid and performedpayment in full of the Obligations. Each Qualified ECP Guarantor intends this Section 11.11 to constitute, and this Section 11.11 shall be deemed to constitute, a guarantee of the obligations of, and a “keepwell, support, or other agreement” for the benefit of, each Specified Borrower Loan Party for all purposes of the Commodity Exchange Act. Excluded Swap Obligations Limitation.
Appears in 1 contract
Samples: Abl Credit Agreement (Prestige Consumer Healthcare Inc.)
Keepwell. Each Borrower of the Guarantors that is a Qualified ECP Guarantor at the time that any guarantee the Guarantee or the grant of the security interest hereunder or under any other the Loan DocumentDocuments, in each case, by any Specified BorrowerLoan Party, becomes effective with respect to any Swap Obligation, hereby jointly and severally, absolutely, unconditionally and irrevocably undertakes to provide such funds or other support to each Specified Borrower Loan Party with respect to such Swap Obligation as may be needed by such Specified Borrower Loan Party from time to time to honor all of its obligations under such guarantee this Guarantee and the other Loan Documents in respect of such Swap Obligation (but, in each case, only up to the maximum amount of such liability that can be hereby incurred without rendering such Qualified ECP Guarantor’s obligations and undertakings under this Section 10.16 3.11 voidable under Applicable Law applicable law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations and undertakings of each Qualified ECP Guarantor under this Section shall remain in full force and effect until the Obligations have been indefeasibly Fully Paid paid and performedperformed in full. Each Qualified ECP Guarantor intends this Section to constitute, and this Section shall be deemed to constitute, a guarantee of the obligations of, and a “keepwell, support, or other agreement” for the benefit of, each Specified Borrower Loan Party for all purposes of §1a(18)(A)(v)(II) the Commodity Exchange Act.”
(m) Section 10 of the Guarantee and Security Agreement is hereby amended by inserting a new Section 10.13 at the end thereof to read as follows:
Appears in 1 contract
Samples: Senior Secured Credit Agreement (Solar Capital Ltd.)
Keepwell. Each Borrower Loan Party that is a Qualified ECP Guarantor at the time that any guarantee the Guaranty or the grant of the security interest hereunder or under any other Loan Documenthereunder, in each case, by any Specified Borrowerother Qualified ECP Guarantor, becomes effective with respect to any Swap Obligation, hereby jointly and severally, absolutely, unconditionally and irrevocably undertakes to provide such funds or other support to each Specified Borrower such Qualified ECP Guarantor with respect to such Swap Obligation as may be needed by such Specified Borrower Qualified ECP Guarantor from time to time to honor all of its obligations under such guarantee its Guaranty and the other Loan Documents in respect of such Swap Obligation (but, in each case, only up to the maximum amount of such liability that can be hereby incurred without rendering such Qualified ECP Guarantor’s obligations and undertakings under this Section 10.16 10.08 voidable under Applicable applicable Law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations and undertakings of each Qualified ECP Guarantor under this Section shall remain in full force and effect until the Obligations have been indefeasibly Fully Paid paid and performedperformed in full. Each Qualified ECP Guarantor intends this Section to constitute, and this Section shall be deemed to constitute, a guarantee of the obligations of, and a “keepwell, support, or other agreement” for the benefit of, each Specified Borrower Qualified ECP Guarantor for all purposes of the Commodity Exchange Act.. 149 US-DOCS\117476656.1136335661.3
Appears in 1 contract
Samples: Credit Agreement (Tutor Perini Corp)
Keepwell. Each Borrower that is a Without in any way limiting the obligations of any Guarantor under this Guaranty (including under Section 2 hereof) or the other Loan Documents, each Qualified ECP Guarantor at the time that any guarantee or the grant of the security interest hereunder or under any other Loan Document, in each case, by any Specified Borrower, becomes effective with respect to any Swap Obligation, hereby jointly and severally, severally absolutely, unconditionally and irrevocably undertakes to provide such funds or other support to each Specified Borrower with respect to such Swap Obligation as may be needed by such Specified Borrower from time to time by each other Guarantor (other than any other Qualified ECP Guarantor) to honor all of its obligations under such guarantee and the other Loan Documents this Guaranty in respect of such Swap Obligation Obligations (butprovided, in however, that each case, Qualified ECP Guarantor shall only up to be liable under this Section 23 for the maximum amount of such liability that can be hereby incurred without rendering such Qualified ECP Guarantor’s its obligations and undertakings under this Section 10.16 23, or otherwise under this Guaranty, as it relates to such other Guarantor, voidable under Applicable Law applicable law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations and undertakings of each Qualified ECP Guarantor under this Section shall remain in full force and effect until a discharge of such Qualified ECP Guarantor’s Guaranteed Obligations in accordance with the Obligations have been indefeasibly Fully Paid terms hereof and performedthe other Loan Documents. Each Qualified ECP Guarantor intends that this Section to 23 constitute, and this Section 23 shall be deemed to constitute, a guarantee of the obligations of, and a “keepwell, support, or other agreement” for the benefit of, of each Specified Borrower other Guarantor (other than any other Qualified ECP Guarantor) for all purposes of Section 1a(18)(A)(v)(II) of the Commodity Exchange Act.
Appears in 1 contract
Keepwell. Each Borrower that is a Qualified ECP Guarantor Borrower at the time that any guarantee Specified Borrower either becomes jointly and severally liable for any Swap Obligations pursuant to the terms of this Agreement or the grant of the grants a security interest hereunder or under any other Loan Document, in each case, by any Specified Borrower, becomes effective with respect to any secure Swap ObligationObligations, hereby jointly and severally, absolutely, unconditionally and irrevocably undertakes to provide such funds or other support to each Specified Borrower with respect to such Swap Obligation as may be needed by such Specified Borrower from time to time to honor all of its obligations under such guarantee and the other Loan Documents in respect of such Swap Obligation (but, in each case, only up to the maximum amount of such liability that can be hereby incurred without rendering such Qualified ECP GuarantorBorrower’s obligations and undertakings under this Section 10.16 hereunder voidable under Applicable Law applicable law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations and undertakings of each Qualified ECP Guarantor Borrower under this Section paragraph shall remain in full force and effect until the all Obligations have been indefeasibly Fully Paid paid and performedperformed in full. Each Qualified ECP Guarantor Borrower intends this Section paragraph to constitute, and this Section paragraph shall be deemed to constitute, a guarantee of the obligations of, and a “keepwell, support, or other agreement” for the benefit of, each Specified Borrower for all purposes of the Commodity Exchange Act.
Appears in 1 contract
Samples: Loan Agreement (Pacific Oak Strategic Opportunity REIT, Inc.)
Keepwell. Each Borrower and Guarantor that is a Qualified ECP Guarantor at the time that any guarantee Guaranty or the grant of a Lien under the security interest hereunder or under any other Loan DocumentDocuments, in each case, by any Specified Borrower, Borrower and Guarantor becomes effective with respect to any Swap ObligationContract, hereby jointly and severally, absolutely, unconditionally and irrevocably undertakes to provide such funds or other support to each Specified Borrower and Guarantor with respect to such Swap Obligation Contract as may be needed by such Specified Borrower and Guarantor from time to time to honor all of its obligations under such guarantee and the other Loan Documents in respect of such Swap Obligation Contract (but, in each case, only up to the maximum amount of such liability that can be hereby incurred without rendering such Qualified ECP Guarantor’s obligations and undertakings under this Section 10.16 voidable under Applicable Law applicable law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations and undertakings of each Qualified ECP Guarantor under this Section shall remain in full force and effect until the Obligations have been indefeasibly Fully Paid paid and performedperformed in full. Each Qualified ECP Borrower and Guarantor intends this Section to constitute, and this Section shall be deemed to constitute, a guarantee of the obligations of, and a “keepwell, support, or other agreement” for the benefit of, each Specified Borrower Loan Party for all purposes of the Commodity Exchange Act.
Appears in 1 contract
Samples: Loan Agreement (Moog Inc.)
Keepwell. Each Borrower Subsidiary Guarantor that is a Qualified ECP Guarantor at the time that any guarantee this Subsidiary Guaranty Agreement or the grant of the security interest hereunder or under any other the Loan DocumentDocuments, in each case, by any Specified BorrowerLoan Party, becomes effective with respect to any Swap Obligation, hereby jointly and severally, absolutely, unconditionally and irrevocably undertakes to provide such funds or other support to each Specified Borrower Loan Party with respect to such Swap Obligation as may be needed by such Specified Borrower Loan Party from time to time to honor all of its obligations under such guarantee and the other Loan Documents (including this Subsidiary Guaranty Agreement) in respect of such Swap Obligation (but, in each case, only up to the maximum amount of such liability that can be hereby incurred without rendering such Qualified ECP Subsidiary Guarantor’s obligations and undertakings under this Section 10.16 28 voidable under Applicable Law applicable law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations and undertakings of each Subsidiary Guarantor that is a Qualified ECP Guarantor under this Section shall remain in full force and effect until the Obligations have been indefeasibly Fully Paid paid and performedperformed in full. Each Subsidiary Guarantor that is a Qualified ECP Guarantor intends this Section to constitute, and this Section shall be deemed to constitute, a guarantee of the obligations of, and a “keepwell, support, or other agreement” for the benefit of, each Specified Borrower Loan Party for all purposes of the Commodity Exchange Act.
Appears in 1 contract
Keepwell. Each Borrower Obligor that is a Qualified ECP Guarantor at the time that any guarantee the Guaranty or the grant of the security interest hereunder or under any other the Loan DocumentDocuments, in each case, by any Specified BorrowerObligor, becomes effective with respect to any Swap Obligation, hereby jointly and severally, absolutely, unconditionally and irrevocably undertakes to provide such funds or other support to each Specified Borrower Obligor with respect to such Swap Obligation as may be needed by such Specified Borrower Obligor from time to time to honor all of its obligations under such guarantee its Guaranty and the other Loan Documents in respect of such Swap Obligation (but, in each case, only up to the maximum amount of such liability that can be hereby incurred without rendering such Qualified ECP Guarantor’s obligations and undertakings under this Section 10.16 14.20 voidable under Applicable Law applicable law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations and undertakings of each Qualified ECP Guarantor under this Section 14.20 shall remain in full force and effect until the Obligations have been indefeasibly Fully Paid paid and performedperformed in full. Each Qualified ECP Guarantor intends this Section 14.20 to constitute, and this Section 14.20 shall be deemed to constitute, a guarantee of the obligations of, and a “keepwell, support, or other agreement” for the benefit of, each Specified Borrower Obligor for all purposes of the Commodity Exchange Act.
Appears in 1 contract
Keepwell. Each The US Borrower that is a Qualified ECP Guarantor at the time that any guarantee or the grant of the security interest hereunder or under any other Loan Document, in each case, by any Specified Borrower, becomes effective with respect to any Swap Obligation, hereby jointly and severally, absolutely, unconditionally and irrevocably undertakes to provide such funds or other support to each Specified Borrower with respect to such Swap Obligation as may be needed by such Specified Borrower from time to time by each other Loan Party to honor all of its obligations under such guarantee its Guaranty and the other Loan Documents in respect of such obligations under Swap Obligation Agreements constituting Obligations hereunder (butprovided, in each casehowever, that the US Borrower shall only up to be liable under this Section 9.23 for the maximum amount of such liability that can be hereby incurred without rendering such Qualified ECP Guarantor’s its obligations and undertakings under this Section 10.16 9.23, or otherwise under the Loan Documents, voidable under Applicable Law applicable law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). Subject to Section 9.22(b), the Foreign Borrower hereby absolutely, unconditionally and irrevocably undertakes to provide such funds or other support as may be needed from time to time by each Foreign Guarantor to honor all of its obligations under its Guaranty of the Obligations of the Foreign Borrower and the other Loan Documents in respect of obligations under Swap Agreements constituting Obligations of the Foreign Borrower hereunder (provided, however, that the Foreign Borrower shall only be liable under this Section 9.23 for the maximum amount of such liability that can be hereby incurred without rendering its obligations under this Section 9.23, or otherwise under the Loan Documents, voidable under applicable law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations and undertakings of each Qualified ECP Guarantor Borrower under this Section 9.23 shall remain in full force and effect until the Obligations have been indefeasibly Fully Paid and performedPayment In Full. Each Qualified ECP Guarantor Borrower intends that this Section to 9.23 constitute, and this Section 9.23 shall be deemed to constitute, a guarantee of the obligations of, and a “keepwell, support, or other agreement” for the benefit of, each Specified Borrower of such other specified Loan Parties for all purposes of Section 1a(18)(A)(v)(II) of the Commodity Exchange Act.
Appears in 1 contract
Samples: 5 Year Revolving Credit Agreement (Diamond Offshore Drilling, Inc.)
Keepwell. Each Borrower Obligor that is a Qualified ECP Guarantor at the time that any of the guarantee or the grant of the security interest hereunder or under any other Loan Documentthe Finance Documents, in each case, by any Specified BorrowerObligor, becomes effective with respect to any Swap Obligation, hereby jointly and severally, severally absolutely, unconditionally and irrevocably undertakes to provide such funds or other support to each Specified Borrower Obligor with respect to such Swap Obligation as may be needed by such Specified Borrower from time to time by such Specified Obligor to honor all of its obligations under such this guarantee and the other Loan Finance Documents in respect of such Swap Obligation (butprovided, in however, that each case, Qualified ECP Guarantor shall only up to be liable under this Clause 23.12 for the maximum amount of such liability that can be hereby incurred without rendering such Qualified ECP Guarantor’s its obligations and undertakings under this Section 10.16 Clause 23.12, or otherwise under this guarantee, voidable under Applicable Law applicable law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations and undertakings of each Qualified ECP Guarantor under this Section Clause 23 shall remain in full force and effect until the Obligations obligations under the Finance Documents have been indefeasibly Fully Paid paid and performedperformed in full. Each Qualified ECP Guarantor intends that this Section to Clause 23.12 constitute, and this Section Clause 23.12 shall be deemed to constitute, a guarantee of the obligations of, and a “keepwell, support, or other agreement” for the benefit of, of each Specified Borrower other Obligor for all purposes of Section 1a(18)(A)(v)(II) of the Commodity Exchange Act.
Appears in 1 contract
Samples: Multicurrency Revolving Facility Agreement (Endava PLC)
Keepwell. Each Borrower Grantor that is a Qualified ECP Guarantor at the time that any guarantee or the grant of the security interest hereunder or under any other Loan Document, in each case, by any Specified Borrower, becomes effective with respect to any Swap ObligationGuarantor, hereby jointly and severally, severally absolutely, unconditionally and irrevocably undertakes to provide such funds or other support to each Specified Borrower with respect to such Swap Obligation other Grantor as may be needed by such Specified Borrower from time to time by such Grantor to honor all of its obligations under such guarantee and the other Loan Documents any Guaranty or this Agreement in respect of Swap Obligations under any Related Swap Contract (provided, however, that each Qualified ECP Guarantor shall only be liable under any such Swap Obligation (but, in each case, only up to Guaranty for the maximum amount of such liability that can be hereby thereby incurred without rendering such Qualified ECP Guarantor’s its obligations and undertakings under this Section 10.16 3.3, or otherwise under such Guaranty or this Agreement, voidable under Applicable Law applicable law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations and undertakings of each Qualified ECP Guarantor under this Section 3.3 shall remain in full force and effect until the guarantees in respect of Swap Obligations under each Related Swap Contract have been indefeasibly Fully Paid and performeddischarged, or otherwise released or terminated in accordance with the terms of this Agreement (other than contingent obligations under general indemnification provisions as to which no claim is pending). Each Qualified ECP Guarantor intends that this Section to 3.3 constitute, and this Section 3.3 shall be deemed to constitute, a guarantee of the obligations of, and a “keepwell, support, or other agreement” for the benefit of, of each Specified Borrower other Grantor for all purposes of Section 1a(18)(A)(v)(II) of the Commodity Exchange Act.
Appears in 1 contract
Keepwell. Each Borrower that is a Qualified ECP Guarantor at the time that any guarantee or the grant of the security interest hereunder or under any other Loan Document, in each case, by any Specified Borrower, becomes effective with respect to any Swap Obligation, (as hereinafter defined) hereby jointly and severally, severally absolutely, unconditionally and irrevocably undertakes to provide such funds or other support to each Specified Borrower with respect to such Swap Obligation as may be needed by such Specified Borrower from time to time by each other Loan Party to honor all of its obligations under such guarantee and the other Loan Documents this Guarantee in respect of such Swap Obligation Obligations (butprovided, in however, that each case, Qualified ECP Guarantor shall only up to be liable under this Section 20 for the maximum amount of such liability that can be hereby incurred without rendering such Qualified ECP Guarantor’s its obligations and undertakings under this Section 10.16 Section, or otherwise under this Guarantee, voidable under Applicable Law applicable law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations and undertakings of each Qualified ECP Guarantor under this Section 20 shall remain in full force and effect until terminated in accordance with the Obligations have been indefeasibly Fully Paid and performedterms hereof. Each Qualified ECP Guarantor intends that this Section to 20 constitute, and this Section 20 shall be deemed to constitute, a guarantee of the obligations of, and a “keepwell, support, or other agreement” for the benefit of, of each Specified Borrower other Loan Party for all purposes of Section 1a(18)(A)(v)(II) of the Commodity Exchange Act. As used in this Section 20, the term “Qualified ECP Guarantor” means, in respect of any Swap Obligation, each Loan Party that has total assets exceeding $10,000,000 at the time the relevant Guarantee becomes effective with respect to such Swap Obligation or such other Person as constitutes an “eligible contract participant” under the Commodity Exchange Act or any regulations promulgated thereunder and can cause another person to qualify as an “eligible contract participant” at such time by entering into a keepwell under Section 1a(18)(A)(v)(II) of the Commodity Exchange Act.
Appears in 1 contract
Keepwell. Each Borrower and Facility Guarantor that is a Qualified ECP Guarantor at the time that any guarantee the Facility Guaranty or the grant of the a security interest hereunder or under any other the Loan DocumentDocuments, in each case, by any Specified Borrower, Loan Party becomes effective with respect to any Swap Obligation, hereby jointly and severally, absolutely, unconditionally and irrevocably undertakes to provide such funds or other support to each Specified Borrower Loan Party with respect to such Swap Obligation as may be needed by such Specified Borrower Loan Party from time to time to honor all of its obligations under such guarantee and the other Loan Documents in respect of such Swap Obligation (but, in each case, only up to the maximum amount of such liability that can be hereby incurred without rendering such Qualified ECP Guarantor’s obligations and undertakings under this Section 10.16 the Facility Guaranty voidable under Applicable Law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations and undertakings of each Qualified ECP Guarantor under this Section shall remain in full force and effect until the Obligations have been indefeasibly Fully Paid paid and performedperformed in full. Each Qualified ECP Borrower and Facility Guarantor intends this Section to constitute, and this Section shall be deemed to constitute, a guarantee of the obligations of, and a “keepwell, support, or other agreement” for the benefit of, each Specified Borrower Loan Party for all purposes of the Commodity Exchange Act.
Appears in 1 contract
Samples: Credit Agreement (GameStop Corp.)
Keepwell. Each Borrower and Facility Guarantor that is a Qualified ECP Guarantor at the time that any guarantee the Facility Guaranty or the grant of the a security interest hereunder or under any other the Loan DocumentDocuments, in each case, by any Specified Borrower, Loan Party becomes effective with respect to any Swap Obligation, hereby jointly and severally, absolutely, unconditionally and irrevocably undertakes to provide such funds or other support to each Specified Borrower Loan Party with respect to such Swap Obligation as may be needed by such Specified Borrower Loan Party from time to time to honor all of its obligations under such guarantee and the other Loan Documents in respect of such Swap Obligation (but, in each case, only up to the maximum amount of such liability that can be hereby incurred without rendering such Qualified ECP Guarantor[’]’s obligations and undertakings under this Section 10.16 the Facility Guaranty voidable under Applicable Law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations and undertakings of each Qualified ECP Guarantor under this Section shall remain in full force and effect until the Obligations have been indefeasibly Fully Paid paid and performedperformed in full. Each Qualified ECP Borrower and Facility Guarantor intends this Section to constitute, and this Section shall be deemed to constitute, a guarantee of the obligations of, and a “keepwell, support, or other agreement” for the benefit of, each Specified Borrower Loan Party for all purposes of the Commodity Exchange Act.
Appears in 1 contract
Samples: Credit Agreement (GameStop Corp.)
Keepwell. Each Borrower that is a Without limiting anything in this Guaranty, each Qualified ECP Guarantor at the time that any guarantee or the grant of the security interest hereunder or under any other Loan Document, in each case, by any Specified Borrower, becomes effective with respect to any Swap Obligation, hereby jointly and severally, severally absolutely, unconditionally and irrevocably undertakes to provide such funds or other support to each Specified Borrower with respect to such Swap Obligation as may be needed by such Specified Borrower from time to time to each Guarantor that is not an “eligible contract participant” under the Commodity Exchange Act at the time the guarantee under Guaranty becomes effective with respect to any Swap Obligation, to honor all of its obligations the Obligations of such Guarantor under such guarantee and the other Loan Documents this Guaranty in respect of such Swap Obligation Obligations (butprovided, in however, that each case, Qualified ECP Guarantor shall only up to be liable under this Section 19 for the maximum amount of such liability that can be hereby incurred without rendering such Qualified ECP Guarantor’s obligations and undertakings its undertaking under this Section 10.16 20, or otherwise under this Guaranty, voidable under Applicable Law applicable law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations and undertakings undertaking of each Qualified ECP Guarantor under this Section 20 shall remain in full force and effect until termination of the Obligations have been indefeasibly Fully Paid Commitments and performedpayment in full of all Loans and other Obligations. Each Qualified ECP Guarantor intends that this Section to 20 constitute, and this Section 20 shall be deemed to constitute, a guarantee of the obligations of, and a “keepwell, support, or other agreement” for the benefit of, of each Specified Borrower for all purposes of Guarantor that would otherwise not constitute an “eligible contract participant” under the Commodity Exchange Act.
Appears in 1 contract
Keepwell. Each Borrower Obligor that is a Qualified ECP Guarantor at the time that any guarantee the Guaranty or the grant of the security interest hereunder or under any other the Loan DocumentDocuments, in each case, by any Specified BorrowerLoan PartyObligor, becomes effective with respect to any Swap Obligation, hereby jointly and severally, absolutely, unconditionally and irrevocably undertakes to provide such funds or other support to each Specified Borrower Loan PartyObligor with respect to such Swap Obligation as may be needed by such Specified Borrower Loan PartyObligor from time to time to honor all of its obligations under such guarantee its Guaranty and the other Loan Documents in respect of such Swap Obligation (but, in each case, only up to the maximum amount of such liability that can be hereby incurred without rendering such Qualified ECP Guarantor’s obligations and undertakings under this Section 10.16 14.20 voidable under Applicable Law applicable law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations and undertakings of each Qualified ECP Guarantor under this Section 14.20 shall remain in full force and effect until the Obligations have been indefeasibly Fully Paid paid and performedperformed in full. Each Qualified ECP Guarantor intends this Section 14.20 to constitute, and this Section 14.20 shall be deemed to constitute, a guarantee of the obligations of, and a “keepwell, support, or other agreement” for the benefit of, each Specified Borrower Loan PartyObligor for all purposes of the Commodity Exchange Act.
Appears in 1 contract
Keepwell. Each Borrower Pledgor that is a Qualified ECP Guarantor at the time that any guarantee or the grant of the security interest hereunder or under any the other Loan DocumentDocuments, in each case, by any Specified BorrowerGuarantor, becomes effective with respect to any Swap Obligation, hereby jointly and severally, absolutely, unconditionally and irrevocably undertakes to provide such funds or other support to each Specified Borrower Guarantor with respect to such Swap Obligation as may be needed by such Specified Borrower Guarantor from time to time to honor all of its obligations under such guarantee this Agreement and the other Loan Documents in respect of such Swap Obligation (but, in each case, only up to the maximum amount of such liability that can be hereby incurred without rendering such Qualified ECP Guarantor’s obligations and undertakings under this Section 10.16 19 voidable under Applicable Law applicable law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations and undertakings of each Qualified ECP Guarantor under this Section shall remain in full force and effect until the Obligations have been indefeasibly Fully Paid paid and performedperformed in full. Each Qualified ECP Guarantor intends this Section to constitute, and this Section shall be deemed to constitute, a guarantee of the obligations of, and constitute a “keepwell, support, or other agreement” for the benefit of, each Specified Borrower Guarantor for all purposes of the Commodity Exchange Act.
Appears in 1 contract
Keepwell. Each Borrower Applicant that is a Qualified ECP Guarantor at the time that any guarantee or the grant of the a security interest hereunder or under any other the Loan DocumentDocuments, in each case, by any Specified Borrower, Applicant becomes effective with respect to any Swap Obligation, hereby jointly and severally, absolutely, unconditionally and irrevocably undertakes to provide such funds or other support to each Specified Borrower Applicant with respect to such Swap Obligation as may be needed by such Specified Borrower Applicant from time to time to honor all of its obligations under such guarantee and the other Loan Documents in respect of such Swap Obligation (but, in each case, only up to the maximum amount of such liability that can be hereby incurred without rendering such Qualified ECP Guarantor’s obligations and undertakings under this Section 10.16 hereunder voidable under Applicable applicable Law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations and undertakings of each Qualified ECP Guarantor under this Section shall remain in full force and effect until Payment in Full of the Obligations have been indefeasibly Fully Paid paid and performedperformed in full. Each Qualified ECP Guarantor Applicant intends this Section to constitute, and this Section shall be deemed to constitute, a guarantee of the obligations of, and a “keepwell, support, or other agreement” for the benefit of, each Specified Borrower Applicant for all purposes of the Commodity Exchange Act.
Appears in 1 contract
Keepwell. Each (a) The Borrower and each Guarantor that is a Qualified ECP Guarantor at the time that any guarantee or the grant of the security interest hereunder or under any other Loan Document, in each case, by any Specified Borrower, becomes effective with respect to any Swap Obligation, Credit Party hereby jointly and severally, severally guarantees the payment and performance of all Obligations of each Guarantor (other than such Guarantor) and absolutely, unconditionally and irrevocably undertakes to provide such funds or other support to each Specified Borrower with respect to such Swap Obligation as may be needed by such Specified Borrower from time to time by each Benefitting Guarantor in order for such Benefitting Guarantor to honor all of its obligations (without giving effect to Section 7.1.10(b)) under such guarantee the Guaranty and any other Security Document including obligations with respect to Hedge Agreements (provided, however, that the other Loan Documents in respect of such Swap Obligation (but, in each case, Borrower or a Guarantor shall only up to be liable under this Section 7.1.10(a) for the maximum amount of such liability that can be hereby incurred without rendering such Qualified ECP Guarantor’s its obligations and undertakings under this Section 10.16 7.1.10(a), or otherwise under this Agreement or any Loan Document, as it relates to such Benefitting Guarantor, voidable under Applicable Law applicable law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations of the Borrower and undertakings of each Qualified ECP Guarantor the Guarantors under this Section 7.1.10(a) shall remain in full force and effect until all Obligations are paid in full to the Obligations have been indefeasibly Fully Paid Lender Parties, and performedall of the Lenders’ Commitments are terminated. Each Qualified ECP Guarantor intends The Borrower and the Guarantors intend that this Section to 7.1.10(a) constitute, and this Section 7.1.10(a) shall be deemed to constitute, a guarantee of the obligations of, and a “keepwell, support, or other agreement” for the benefit of, of each Specified Borrower Benefitting Guarantor for all purposes of Section la(18)(A)(v)(II) of the Commodity Exchange Act.
(b) Notwithstanding any other provisions of this Agreement or any other Loan Document, Obligations guaranteed by any Guarantor, or secured by the grant of any Lien by any Guarantor under any Security Document, shall exclude all Excluded Obligations in respect of a Hedge Agreement with respect to such Guarantor.
Appears in 1 contract
Keepwell. Each Borrower Obligor that is a Qualified ECP Guarantor at the time that any guarantee the Guaranty or the grant of the security interest hereunder or under any other the Loan DocumentDocuments, in each case, by any Specified BorrowerLoan Party, becomes effective with respect to any Swap Obligation, hereby jointly and severally, absolutely, unconditionally and irrevocably undertakes to provide such funds or other support to each Specified Borrower Loan Party with respect to such Swap Obligation as may be needed by such Specified Borrower Loan Party from time to time to honor all of its obligations under such guarantee its Guaranty and the other Loan Documents in respect of such Swap Obligation (but, in each case, only up to the maximum amount of such liability that can be hereby incurred without rendering such Qualified ECP Guarantor’s obligations and undertakings under this Section 10.16 14.20 voidable under Applicable Law applicable law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations and undertakings of each Qualified ECP Guarantor under this Section 14.20 shall remain in full force and effect until the Obligations have been indefeasibly Fully Paid paid and performedperformed in full. Each Qualified ECP Guarantor intends this Section 14.20 to constitute, and this Section 14.20 shall be deemed to constitute, a guarantee of the obligations of, and a “keepwell, support, or other agreement” for the benefit of, each Specified Borrower Loan Party for all purposes of the Commodity Exchange Act.”
Appears in 1 contract
Keepwell. Each Borrower Guarantor that is a Qualified ECP Guarantor (as defined below) at the time that any guarantee the Guaranty or the grant of the security interest hereunder or under any other Loan Documentthe Credit Documents, in each case, by any Specified BorrowerCredit Party (as defined below), becomes effective with respect to any Swap Obligation, hereby jointly and severally, absolutely, unconditionally and irrevocably undertakes to provide such funds or other support to each Specified Borrower Credit Party with respect to such Swap Obligation as may be needed by such Specified Borrower Credit Party from time to time to honor all of its obligations under such guarantee this Guaranty and the other Loan Credit Documents in respect of such Swap Obligation (but, in each case, only up to the maximum amount of such liability that can be hereby incurred without rendering such Qualified ECP Guarantor’s obligations and undertakings under this Section 10.16 23 voidable under Applicable Law applicable law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations and undertakings of each Qualified ECP Guarantor under this Section 23 shall remain in full force and effect until the Guaranteed Obligations have been indefeasibly Fully Paid paid and performedperformed in full. Each Qualified ECP Guarantor intends this Section 23 to constitute, and this Section 23 shall be deemed to constitute, a guarantee of the obligations of, and a “keepwell, support, or other agreement” for the benefit of, each Specified Borrower Credit Party for all purposes of the Commodity Exchange Act.
Appears in 1 contract
Keepwell. Each Borrower of the Guarantors and the Borrowers that is a Qualified ECP not an Excluded Swap Guarantor at the time that any guarantee the Loan Guarantee or the grant of the security interest hereunder or under any other Loan Documentthe Collateral Agreements, in each case, by any Specified BorrowerLoan Party, becomes effective with respect to any Swap Obligation, hereby jointly and severally, absolutely, unconditionally and irrevocably undertakes to provide such funds or other support to each Specified Borrower Loan Party with respect to such Swap Obligation as may be needed by such Specified Borrower Loan Party from time to time to honor all of its obligations under such guarantee its Loan Guarantee and the other Loan Documents in respect of such Swap Obligation (but, in each case, only up to the maximum amount of such liability that can be hereby incurred without rendering such Qualified ECP Guarantor’s 's obligations and undertakings under this Section 10.16 the Loan Guarantee voidable under Applicable Law applicable law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations and undertakings of each Qualified ECP such Guarantor under this Section shall remain in full force and effect until the Secured Obligations have been indefeasibly Fully Paid and performedpaid in full. Each Qualified ECP such Guarantor intends this Section to constitute, and this Section shall be deemed to constitute, a guarantee of the obligations of, and a “keepwell, support, "support or other agreement” " for the benefit of, each Specified Borrower Loan Party for all purposes of § 1a(18)(A)(v)(II) of the Commodity Exchange Act. Notwithstanding anything to the contrary herein, the foregoing shall not apply to any Loan Party that is a subsidiary of the Parent in respect of Swap Obligations of the Parent.
Appears in 1 contract
Keepwell. Each Borrower that is a Qualified ECP Guarantor at the time that any guarantee or the grant of the security interest hereunder or under any other Loan Document, in each case, by any Specified Borrower, becomes effective with respect to any Swap Obligation, hereby jointly and severally, severally absolutely, unconditionally and irrevocably undertakes to provide such funds or other support to each Specified Borrower with respect to such Swap Obligation as may be needed by such Specified Borrower from time to time by each other Guarantor to honor all of its obligations under such guarantee and the other Loan Documents this Guaranty in respect of such Swap Obligation all Hedging Liabilities (butprovided, in however, that each case, Qualified ECP Guarantor shall only up to be liable under this Section 23 for the maximum amount of such liability that can be hereby incurred without rendering such Qualified ECP Guarantor’s its obligations and undertakings under this Section 10.16 23, or otherwise under this Guaranty, voidable under Applicable Law applicable law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations and undertakings of each Qualified ECP Guarantor under this Section 23 shall remain in full force and effect until the all Guaranteed Obligations shall have been fully and finally performed and indefeasibly Fully Paid paid in full in cash (other than Unliquidated Obligations) and performedthe Commitments and all Facility LCs issued under the Credit Agreement shall have terminated or expired or, in the case of all Facility LCs, are fully collateralized on terms reasonably acceptable to the Administrative Agent. Each Qualified ECP Guarantor intends that this Section to 23 constitute, and this Section 23 shall be deemed to constitute, a guarantee of the obligations of, and a “keepwell, support, or other agreement” for the benefit of, of each Specified Borrower other Guarantor for all purposes of the Commodity Exchange Act.Section 1a(18)(A)(v)(II)
Appears in 1 contract
Samples: Omnibus Amendment (Plexus Corp)
Keepwell. Each Borrower that is Guarantor, at any and all times during which such Guarantor qualifies as a Qualified ECP Guarantor at the time that any guarantee or the grant of the security interest hereunder or under any other Loan Document, in each case, by any Specified Borrower, becomes effective with respect to any Swap ObligationGuarantor, hereby jointly and severally, severally absolutely, unconditionally and irrevocably undertakes to provide such funds or other support to each Specified Borrower with respect to such Swap Obligation as may be needed by such Specified Borrower from time to time by each other Guarantor under this Agreement who is not a Qualified ECP Guarantor at such time (a “Non-ECP Loan Guarantor”) to honor all of its such Non-ECP Loan Guarantor’s obligations under such guarantee and the other Loan Documents any Guaranty issued in connection with this Agreement in respect of such Swap Obligation Obligations (butprovided, in however, that each caseGuarantor, when a Qualified ECP Guarantor, shall only up to be liable under this section for the maximum amount of such liability that can be hereby incurred without rendering the obligations of such Guarantor, when a Qualified ECP Guarantor’s obligations and undertakings , under this Section 10.16 section or otherwise under this Agreement or the Guaranty, voidable under Applicable Law applicable law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations and undertakings of each Guarantor, when a Qualified ECP Guarantor Guarantor, under this Section section shall remain in full force and effect until termination of the Obligations have been indefeasibly Fully Paid and performedGuaranty in accordance with the terms of the Guaranty. Each Guarantor, when a Qualified ECP Guarantor Guarantor, intends that this Section to section constitute, and this Section section shall be deemed to constitute, a guarantee of the obligations of, and a “keepwell, support, or other agreement” for the benefit of, of each Specified Borrower other Non-ECP Loan Guarantor for all purposes of Section 1a(18)(A)(v)(II) of the Commodity Exchange Act.
Appears in 1 contract
Samples: Loan Agreement (Sanara MedTech Inc.)
Keepwell. Each The Borrower that shall, and shall ensure that, to the extent any Subsidiary is a Qualified ECP Guarantor at Guarantor, the time that any guarantee or the grant of the security interest hereunder or under any other Loan Document, in Borrower and each case, by any Specified Borrower, becomes effective with respect to any Swap Obligation, hereby jointly and severallySubsidiary shall, absolutely, unconditionally and irrevocably undertakes undertake to provide such funds or other support to each Specified Borrower with respect to such Swap Obligation as may be needed by such Specified Borrower from time to time by the Borrower or any Subsidiary (that provides a guarantee to honor the Agent, the Lenders, the Hedging Affiliates and the Cash Managers) to honour all of its obligations under such guarantee and the other Loan Documents its Guarantee in respect of Financial Instrument Obligations (provided, however, the Borrower and each Subsidiary shall only be liable under such Swap Obligation (but, in each case, only up to undertaking for the maximum amount of such liability that can be hereby incurred without rendering such Qualified ECP Guarantor’s its obligations and undertakings under this Section 10.16 undertaking, or otherwise under the Documents to which it is a party, voidable under Applicable Law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations of the Borrower and undertakings of each Qualified ECP Guarantor Subsidiary under this Section undertaking shall remain in full force and effect until discharged in accordance with the Obligations have been indefeasibly Fully Paid and performedprovisions of the relevant Document. Each Qualified ECP Guarantor The Borrower intends that this Section to and the undertaking provided for shall constitute, and this Section shall be deemed to constitute, a guarantee of the obligations of, and a “"keepwell, support, or other agreement” " for the benefit ofof the Borrower and its Subsidiaries (that provide a guarantee to the Agent, each Specified Borrower the Lenders, the Hedging Affiliates and the Cash Managers) for all purposes of Section 1a(18)(A)(v)(II) of the Commodity Exchange Act.
Appears in 1 contract
Keepwell. Each Borrower that is a Qualified ECP Guarantor Borrower at the time that any guarantee the guaranty, co-Borrower status (or incurrence of joint and several liability), or the grant of a Lien under the security interest hereunder or under any other Loan DocumentDocuments, in each case, by any Specified Borrower, Borrower becomes effective with respect to any Swap Obligation, hereby jointly and severally, absolutely, unconditionally and irrevocably undertakes to provide such funds or other support to each Specified Borrower with respect to such Swap Obligation as may be needed by such Specified Borrower from time to time to honor all of its obligations under such guarantee and the other Loan Documents in respect of such Swap Obligation (but, in each case, only up to the maximum amount of such liability that can be hereby incurred without rendering such Qualified ECP GuarantorBorrower’s obligations and undertakings under this Section 10.16 14 voidable under Applicable Law applicable law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations and undertakings of each Qualified ECP Guarantor Borrower under this Section shall remain in full force and effect until the Obligations have been indefeasibly Fully Paid paid and performedperformed in full in cash. Each Qualified ECP Guarantor Borrower intends this Section to constitute, and this Section shall be deemed to constitute, a guarantee of the obligations of, and a “keepwell, support, or other agreement” for the benefit of, each Specified Borrower for all purposes of the Commodity Exchange ActCEA.
Appears in 1 contract
Samples: Loan and Security Agreement (Interpace Biosciences, Inc.)
Keepwell. Each Borrower Loan Party that is a Qualified ECP Guarantor at the time that any guarantee the Guaranty or the grant of the security interest hereunder or under any other Loan Documenthereunder, in each case, by any Specified Borrowerother Qualified ECP Guarantor, becomes effective with respect to any Swap Obligation, hereby jointly and severally, absolutely, unconditionally and irrevocably undertakes to provide such funds or other support to each Specified Borrower such Qualified ECP Guarantor with respect to such Swap Obligation as may be needed by such Specified Borrower Qualified ECP Guarantor from time to time to honor all of its obligations under such guarantee its Guaranty and the other Loan Documents in respect of such Swap Obligation (but, in each case, only up to the maximum amount of such liability that can be hereby incurred without rendering such Qualified ECP Guarantor’s obligations and undertakings under this Section 10.16 10.08 voidable under Applicable applicable Law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations and undertakings of each Qualified ECP Guarantor under this Section shall remain in full force and effect until the Obligations have been indefeasibly Fully Paid paid and performedperformed in full. Each Qualified ECP Guarantor intends this Section to constitute, and this Section shall be deemed to constitute, a guarantee of the obligations of, and a “keepwell, support, or other agreement” for the benefit of, each Specified Borrower Qualified ECP Guarantor for all purposes of the Commodity Exchange Act.. 146 US-DOCS\146702970.0000000000.7
Appears in 1 contract
Samples: Credit Agreement (Tutor Perini Corp)
Keepwell. Each Borrower Grantor that is a Qualified ECP Guarantor at the time that any guarantee the Guarantee or the grant of the security interest hereunder or under any the other Loan DocumentDocuments, as applicable, in each case, by any Specified BorrowerLoan Party, becomes effective with respect to any Swap Obligation, hereby jointly and severally, absolutely, unconditionally and irrevocably undertakes to provide such funds or other support to each Specified Borrower Loan Party with respect to such Swap Obligation as may be needed by such Specified Borrower Loan Party from time to time to honor all of its obligations under such guarantee and the other Loan Documents in respect of such Swap Obligation (but, in each case, only up to the maximum amount of such liability that can be hereby incurred without rendering such Qualified ECP Guarantor’s obligations and undertakings under this Section 10.16 29 voidable under Applicable Law applicable law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations and undertakings of each Qualified ECP Guarantor under this Section 29 shall remain in full force and effect until the Obligations have been indefeasibly Fully Paid paid and performedperformed in full. Each Qualified ECP Guarantor intends this Section 29 to constitute, and this Section 29 shall be deemed to constitute, a guarantee of the obligations of, and a “keepwell, support, or other agreement” for the benefit of, each Specified Borrower Loan Party for all purposes of the Commodity Exchange Act.
Appears in 1 contract
Keepwell. Each Borrower that is a Qualified ECP Eligible Contract Participant Guarantor at the time that the guarantee under this Guarantee by any guarantee Specified Loan Party (as defined below), or the grant by such Specified Loan Party of the a security interest hereunder or under any other Loan Document, in each case, by any Specified Borrowerto secure such guarantee, becomes effective with respect to any Swap Obligation, hereby jointly and severally, absolutely, unconditionally and irrevocably undertakes to provide such funds or other support to each Specified Borrower Loan Party with respect to such Swap Obligation as may be needed by such Specified Borrower Loan Party from time to time to honor all of its obligations under such guarantee this Guarantee and the other Loan Documents in respect of such Swap Obligation (but, in each case, only up to the maximum amount of such liability that can be hereby incurred without rendering such Qualified ECP Eligible Contract Participant Guarantor’s obligations and undertakings under this Section 10.16 Guarantee voidable under Applicable Law applicable law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations and undertakings of each Qualified ECP Eligible Contract Participant Guarantor under this Section 3 shall remain in full force and effect until the Secured Obligations have been indefeasibly Fully Paid paid and performedperformed in full. Each Qualified ECP Eligible Contract Participant Guarantor intends this Section to constitute, and this Section 3 shall be deemed to constitute, a guarantee of the obligations of, and a “keepwell, support, or other agreement” for the benefit of, each Specified Borrower Loan Party for all purposes of the Commodity Exchange Act.. For purposes hereof, “
Appears in 1 contract
Samples: Guarantee Agreement (EVERTEC, Inc.)
Keepwell. Each Borrower that is a Qualified ECP Guarantor at the time that any guarantee or the grant of the security interest hereunder or under any other Loan Document, in each case, by any Specified Borrower, becomes effective Keepwell Provider with respect to any a Swap Obligation, Counterparty hereby jointly and severally, absolutely, unconditionally and irrevocably undertakes to provide such funds or other credit support to each Specified Borrower with respect to such Swap Obligation as may be needed by any Supported Guarantor of such Specified Borrower Swap Counterparty from time to time to honor all of its such Supported Guarantor’s obligations under such guarantee and the other Loan Documents any Guaranty in respect of Swap Obligations of such Swap Obligation Counterparty (but, in each case, only up to the maximum amount of such liability that can be hereby incurred without rendering such Qualified ECP Guarantorparty’s obligations and undertakings under this Section 10.16 hereunder voidable under Applicable Law applicable law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations and undertakings of each a Qualified ECP Guarantor Keepwell Provider with respect to any Swap Counterparty under this Section paragraph shall remain in full force and effect until the all Swap Obligations of such Swap Counterparty in respect of which a Supported Guarantor has provided a Guaranty have been indefeasibly Fully Paid paid and performedperformed in full. Each Qualified ECP Guarantor intends The parties intend this Section provision to constitute, and this Section provision shall be deemed to constitute, a guarantee of the obligations of, and a “keepwell, support, or other agreement” for the benefit of, of each Specified Borrower Supported Guarantor for all purposes of the Commodity Exchange ActCEA.
Appears in 1 contract
Keepwell. Each Borrower Subsidiary Guarantor that is a Qualified ECP Subsidiary Guarantor at the time that any the guarantee in this Section 3 or the grant of the security interest hereunder or under any other Loan Documenthereunder, in each case, by any Specified BorrowerObligor, becomes effective with respect to any Swap Hedging Agreement Obligation, hereby jointly and severally, absolutely, unconditionally and irrevocably undertakes to provide such funds or other support to each Specified Borrower Obligor with respect to such Swap Hedging Agreement Obligation as may be needed by such Specified Borrower Obligor from time to time to honor all of its obligations under such its guarantee in this Section 3 and the other Loan Documents in respect of such Swap Hedging Agreement Obligation (but, in each case, only up to the maximum amount of such liability that can be hereby incurred without rendering such Qualified ECP Subsidiary Guarantor’s obligations and undertakings under this Section 10.16 3 voidable under Applicable Law applicable law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations and undertakings of each Qualified ECP Subsidiary Guarantor under this Section 3 shall remain in full force and effect until the Secured Obligations have been indefeasibly Fully Paid paid and performedperformed in full (other than unasserted contingent indemnities and similar obligations that survive the termination of the Debt Documents). Each Qualified ECP Subsidiary Guarantor intends this Section 3 to constitute, and this Section 3 shall be deemed to constitute, a guarantee of the obligations of, and a “keepwell, support, or other agreement” for the benefit of, each Specified Borrower Obligor for all purposes of Section 1a(18)(A)(v)(II) of the Commodity Exchange Act.
Appears in 1 contract
Samples: Senior Secured Revolving Credit Agreement (Bain Capital Specialty Finance, Inc.)
Keepwell. Each Borrower Subsidiary Guarantor that is a Qualified ECP Subsidiary Guarantor at the time that any guarantee the Guarantee hereunder or the grant of the security interest hereunder or under any other Loan Documenthereunder, in each case, by any Specified BorrowerObligor, becomes effective with respect to any Swap Hedging Agreement Obligation, hereby jointly and severally, absolutely, unconditionally and irrevocably undertakes to provide such funds or other support to each Specified Borrower Obligor with respect to such Swap Hedging Agreement Obligation as may be needed by such Specified Borrower Obligor from time to time to honor all of its obligations under such guarantee its Guarantee hereunder and the other Loan Documents in respect of such Swap Hedging Agreement Obligation (but, in each case, only up to the maximum amount of such liability that can be hereby incurred without rendering such Qualified ECP Subsidiary Guarantor’s obligations and undertakings under this Section 10.16 3 voidable under Applicable Law applicable law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations and undertakings of each Qualified ECP Subsidiary Guarantor under this Section shall remain in full force and effect until the Secured Obligations have been indefeasibly Fully Paid paid and performedperformed in full. Each Qualified ECP Subsidiary Guarantor intends this Section to constitute, and this Section shall be deemed to constitute, a guarantee of the obligations of, and a “keepwell, support, or other agreement” for the benefit of, each Specified Borrower Obligor for all purposes of the Commodity Exchange Act.
Appears in 1 contract
Samples: Guarantee and Security Agreement (New Mountain Finance Corp)
Keepwell. Each Borrower Subsidiary Guarantor that is a Qualified ECP Guarantor at the time that any guarantee this Subsidiary Guaranty Agreement or the grant of the a security interest hereunder or under any other the Loan DocumentDocuments, in each case, by any Specified BorrowerLoan Party, becomes effective with respect to any Swap Obligation, hereby jointly and severally, absolutely, unconditionally and irrevocably undertakes to provide such funds or other support to each Specified Borrower Loan Party with respect to such Swap Obligation as may be needed by such Specified Borrower Loan Party from time to time to honor all of its obligations under such guarantee and the other Loan Documents (including this Subsidiary Guaranty Agreement) in respect of such Swap Obligation (but, in each case, only up to the maximum amount of such liability that can be hereby incurred without rendering such Qualified ECP Subsidiary Guarantor’s obligations and undertakings under this Section 10.16 28 voidable under Applicable Law applicable law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations and undertakings of each Subsidiary Guarantor that is a Qualified ECP Guarantor under this Section shall remain in full force and effect until the Obligations have been indefeasibly Fully Paid paid and performedperformed in full. Each Subsidiary Guarantor that is a Qualified ECP Guarantor intends this Section to constitute, and this Section shall be deemed to constitute, a guarantee of the obligations of, and a “keepwell, support, or other agreement” for the benefit of, each Specified Borrower Loan Party for all purposes of the Commodity Exchange Act.
Appears in 1 contract
Samples: Subsidiary Guaranty Agreement (Fresh Del Monte Produce Inc)
Keepwell. Each Borrower that is a Qualified ECP Eligible Contract Participant Guarantor at the time that the guarantee under this Guarantee by any guarantee Specified Loan Party (as defined below), or the grant by such Specified Loan Party of the a security interest hereunder or under any other Loan Document, in each case, by any Specified Borrowerto secure such guarantee, becomes effective with respect to any Swap Obligation, hereby jointly and severally, absolutely, unconditionally and irrevocably undertakes to provide such funds or other support to each Specified Borrower Loan Party with respect to such Swap Obligation as may be needed by such Specified Borrower Loan Party from time to time to honor all of its obligations under such guarantee this Guarantee and the other Loan Documents in respect of such Swap Obligation (but, in each case, only up to the maximum amount of such liability that can be hereby incurred without rendering such Qualified ECP Eligible Contract Participant Guarantor’s obligations and undertakings under this Section 10.16 Guarantee voidable under Applicable Law applicable law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations and undertakings of each Qualified ECP Eligible Contract Participant Guarantor under this Section 3 shall remain in full force and effect until the Secured Obligations have been indefeasibly Fully Paid and performedin Full. Each Qualified ECP Eligible Contract Participant Guarantor intends this Section to constitute, and this Section 3 shall be deemed to constitute, a guarantee of the obligations of, and a “keepwell, support, or other agreement” for the benefit of, each Specified Borrower Loan Party for all purposes of the Commodity Exchange Act.. For purposes hereof, “
Appears in 1 contract
Samples: Guarantee Agreement (EVERTEC, Inc.)
Keepwell. Each Borrower that is a Without limiting anything in this Section 10.15, each Qualified ECP Guarantor at the time that any guarantee or the grant of the security interest hereunder or under any other Loan Document, in each case, by any Specified Borrower, becomes effective with respect to any Swap Obligation, hereby jointly and severally, severally absolutely, unconditionally and irrevocably undertakes to provide such funds or other support to each Specified Borrower with respect to such Swap Obligation as may be needed by such Specified Borrower from time to time to each Guarantor that is not an “eligible contract participant” under the Commodity Exchange Act at the time the guarantee under this Article 10 becomes effective with respect to any Swap Obligation, to honor all of its obligations the Obligations of such Guarantor under such guarantee and the other Loan Documents this Section 10.15 in respect of such Swap Obligation Obligations (butprovided, in however, that each case, Qualified ECP Guarantor shall only up to be liable under this clause (o) for the maximum amount of such liability that can be hereby incurred without rendering such Qualified ECP Guarantor’s obligations and undertakings its undertaking under this clause (o), or otherwise under this Section 10.16 10.15, voidable under Applicable applicable Law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations and undertakings undertaking of each Qualified ECP Guarantor under this Section clause (o) shall remain in full force and effect until termination of the Obligations have been indefeasibly Fully Paid Commitments and performedpayment in full of all Loans and other Secured Obligations. Each Qualified ECP Guarantor intends that this Section to clause (o) constitute, and this Section clause (o) shall be deemed to constitute, a guarantee of the obligations of, and a “keepwell, support, or other agreement” for the benefit of, of each Specified Borrower for all purposes of Guarantor that would otherwise not constitute an “eligible contract participant” under the Commodity Exchange Act.
Appears in 1 contract
Keepwell. Each Borrower Subsidiary Guarantor that is a Qualified ECP Subsidiary Guarantor at the time that any guarantee the Guarantee hereunder or the grant of the security interest hereunder or under any other Loan Documenthereunder, in each case, by any Specified BorrowerObligor, becomes effective with respect to any Swap Hedging Agreement Obligation, hereby jointly and severally, absolutely, unconditionally and irrevocably undertakes to provide such funds or other support to each Specified Borrower Obligor with respect to such Swap Hedging Agreement Obligation as may be needed by such Specified Borrower Obligor from time to time to honor all of its obligations under such guarantee its Guarantee hereunder and the other Loan Documents in respect of such Swap Hedging Agreement Obligation (but, in each case, only up to the maximum amount of such liability that can be hereby incurred without rendering such Qualified ECP Subsidiary Guarantor’s obligations and undertakings under this Section 10.16 3 voidable under Applicable Law applicable law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations and undertakings of each Qualified ECP Subsidiary Guarantor under this Section 3.11 shall remain in full force and effect until the Secured Obligations (other than unasserted contingent obligations) have been indefeasibly Fully Paid paid and performedperformed in full. Each Qualified ECP Subsidiary Guarantor intends this Section 3.11 to constitute, and this Section 3.11 shall be deemed to constitute, a guarantee of the obligations of, and a “keepwell, support, or other agreement” for the benefit of, each Specified Borrower Obligor for all purposes of the Commodity Exchange Act.
Appears in 1 contract
Samples: Senior Secured Revolving Credit Agreement (Goldman Sachs BDC, Inc.)
Keepwell. Each Borrower Guarantor that is a Qualified ECP Guarantor at the time that any guarantee the Guaranty or the grant of the any security interest hereunder or under any other Loan Document, in each case, by any Specified BorrowerLoan Party, becomes effective with respect to any Swap Obligation, hereby jointly and severally, absolutely, unconditionally and irrevocably undertakes to provide such funds or other support to each Specified Borrower Loan Party with respect to such Swap Obligation as may be needed by such Specified Borrower Loan Party from time to time to honor all of its obligations under such guarantee the Guaranty and the other Loan Documents in respect of such Swap Obligation (but, in each case, only up to the maximum amount of such liability that can be hereby incurred without rendering such Qualified ECP Guarantor’s obligations and undertakings under this Section 10.16 28 voidable under Applicable Law applicable law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations and undertakings of each Qualified ECP Guarantor under this Section shall remain in full force and effect until the Obligations have been indefeasibly Fully Paid paid and performedperformed in full. Each Qualified ECP Guarantor intends this Section to constitute, and this Section shall be deemed to constitute, a guarantee of the obligations of, and a “keepwell, support, or other agreement” for the benefit of, each Specified Borrower Loan Party for all purposes of the Commodity Exchange Act.
Appears in 1 contract
Keepwell. Each Borrower Guarantor that is a Qualified ECP Guarantor at the time that any guarantee or the grant of the security interest guarantee hereunder or under any other Loan Document, in each case, by any Specified BorrowerGuarantor, becomes effective with respect to any Swap Obligation, hereby jointly and severally, absolutely, unconditionally and irrevocably undertakes to provide such funds or other support to each Specified Borrower Guarantor with respect to such Swap Obligation as may be needed by such Specified Borrower Guarantor from time to time to honor all of its obligations under such its guarantee and the other Loan Documents in respect of such Swap Obligation (but, in each case, only up to the maximum amount of such liability that can be hereby incurred without rendering such Qualified ECP Guarantor’s obligations and undertakings under this Section 10.16 2.8 voidable under Applicable Law applicable law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations and undertakings of each Qualified ECP Guarantor under this Section shall remain in full force and effect until the Obligations have been indefeasibly Fully Paid paid and performedperformed in full. Each Qualified ECP Guarantor intends this Section to constitute, and this Section shall be deemed to constitute, a guarantee of the obligations of, and a “keepwell, support, or other agreement” for the benefit of, each Specified Borrower Guarantor for all purposes of the Commodity Exchange Act.
Appears in 1 contract
Keepwell. Each Borrower that is a Qualified ECP Guarantor Borrower at the time that any guarantee the guaranty, co-Borrower status (or incurrence of joint and several liability), or the grant of a Lien under the security interest hereunder or under any other Loan DocumentDocuments, in each case, by any Specified Borrower, Borrower becomes effective with respect to any Swap Obligation, hereby jointly and severally, absolutely, unconditionally and irrevocably undertakes to provide such funds or other support to each Specified Borrower with respect to such Swap Obligation as may be needed by such Specified Borrower from time to time to honor all of its obligations under such guarantee and the other Loan Documents in respect of such Swap Obligation (but, in each case, only up to the maximum amount of such liability that can be hereby incurred without rendering such Qualified ECP GuarantorBorrower’s obligations and end undertakings under this Section 10.16 14 voidable under Applicable Law applicable law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations and undertakings of each Qualified ECP Guarantor Borrower under this Section shall remain in full force and effect until the Obligations have been indefeasibly Fully Paid paid and performedperformed in full in cash. Each Qualified ECP Guarantor Borrower intends this Section to constitute, and this Section shall be deemed to constitute, a guarantee of the obligations of, and a “keepwell, support, or other agreement” for the benefit of, each Specified Borrower for all purposes of the Commodity Exchange Act.CEA. [REMAINDER OF XXXX INTENTIONALLY LEFT BLANK; SIGNATURES FOLLOW]
Appears in 1 contract
Keepwell. (a) Each Borrower Loan Party that is a Qualified ECP Guarantor at the time that any guarantee the U.S. Guaranty or the grant of the security interest hereunder or under any other the Loan DocumentDocuments, in each case, by any Specified BorrowerLoan Party, becomes effective with respect to any Swap Obligation, hereby jointly and severally, absolutely, unconditionally and irrevocably undertakes to provide such funds or other support to each Specified Borrower Loan Party with respect to such Swap Obligation as may be needed by such Specified Borrower Loan Party from time to time to honor all of its obligations under such guarantee this U.S. Guaranty and the other Loan Documents in respect of such Swap Obligation (but, in each case, only up to the maximum amount of such liability that can be hereby incurred without rendering such Qualified ECP Guarantor’s obligations and undertakings under this Section 10.16 17 voidable under Applicable Law applicable law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations and undertakings of each Qualified ECP Guarantor under this Section shall remain in full force and effect until the Obligations have been indefeasibly Fully Paid paid and performedperformed in full. Each Qualified ECP Guarantor intends this Section to constitute, and this Section shall be deemed to constitute, a guarantee of the obligations of, and a “keepwell, support, or other agreement” for the benefit of, each Specified Borrower Loan Party for all purposes of the Commodity Exchange Act. The Guarantors’ Obligations are secured by the various U.S. Collateral Documents referred to in the Credit Agreement, including without limitation, the U.S. Security Agreement, the U.S. Intellectual Property Security Agreement, the Mortgages and the U.S. Account Control Agreements.
(b) For purposes of this Guaranty, the following terms have the following meanings:
Appears in 1 contract
Samples: Credit Agreement (Nortek Inc)
Keepwell. Each Borrower that is a Qualified ECP Guarantor Borrower at the time that any guarantee the guaranty, co-Borrower status (or incurrence of joint and several liability), or the grant of a Lien under the security interest hereunder or under any other Loan DocumentDocuments, in each case, by any Specified Borrower, Borrower becomes effective with respect to any Swap Obligation, hereby jointly and severally, absolutely, unconditionally and irrevocably undertakes to provide such funds or other support to each Specified Borrower with respect to such Swap Obligation as may be needed by such Specified Borrower from time to time to honor all of its obligations under such guarantee and the other Loan Documents in respect of such Swap Obligation (but, in each case, only up to the maximum amount of such liability that can be hereby incurred without rendering such Qualified ECP GuarantorBorrower’s obligations and undertakings under this Section 10.16 14 voidable under Applicable Law applicable law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations and undertakings of each Qualified ECP Guarantor Borrower under this Section shall remain in full force and effect until the Obligations have been indefeasibly Fully Paid paid and performedperformed in full in cash. Each Qualified ECP Guarantor Borrower intends this Section to constitute, and this Section shall be deemed to constitute, a guarantee of the obligations of, and a “keepwell, support, or other agreement” for the benefit of, each Specified Borrower for all purposes of the Commodity Exchange ActCEA.
21. Exhibit D to the Agreement is hereby deleted in its entirety.
22. Exhibit E to the Agreement is hereby amended, restated and replaced with Exhibit E attached hereto.
Appears in 1 contract
Keepwell. Each Borrower Obligor that is a Qualified ECP Guarantor at the time that any guarantee or the grant of the security interest hereunder or under any other Loan Document, in each case, by any Specified Borrower, becomes effective with respect to any Swap Obligation, hereby jointly and severally, severally absolutely, unconditionally and irrevocably undertakes to provide such funds or other support to each Specified Borrower with respect to such Swap Obligation as may be needed by such Specified Borrower from time to time by each other Obligor to honor all of its such other Obligor's obligations under such guarantee this Clause 19 (Guarantee and Indemnity – Hedge Guarantors), or (as the other Loan Documents case may be) Clause 17 (Guarantee and Indemnity – Parent Guarantor), in respect of the Hedging Obligations guaranteed hereby (provided that each Obligor that provides such Swap Obligation undertaking shall be liable under this Clause 19.11 (but, in each case, Applicability of provisions of Guarantee to other Security) only up to for the maximum amount of such liability that can be hereby incurred without rendering such Qualified ECP Guarantor’s its obligations and undertakings under this Section 10.16 Clause 19.11 (Applicability of provisions of Guarantee to other Security), or otherwise under Clause 19 (Guarantee and Indemnity – Hedge Guarantors) or (as the case may be) Clause 17 (Guarantee and Indemnity – Parent Guarantor), voidable under Applicable Law applicable law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations and undertakings of each Qualified ECP Guarantor under Each Obligor intends that this Section shall remain in full force and effect until the Obligations have been indefeasibly Fully Paid and performed. Each Qualified ECP Guarantor intends this Section to constituteClause 19.9 (Keepwell) constitutes, and this Section Clause 19.9 (Keepwell) shall be deemed to constitute, a guarantee of the obligations of, and a “"keepwell, support, or other agreement” " for the benefit of, of each Specified Borrower other Obligor for all purposes of Section 1a(18)(A)(v)(II) of the Commodity Exchange Act.
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Keepwell. Each Borrower that is a Without limiting anything in this Guaranty, each Qualified ECP Guarantor at the time that any guarantee or the grant of the security interest hereunder or under any other Loan Document, in each case, by any Specified Borrower, becomes effective with respect to any Swap Obligation, hereby jointly and severally, severally absolutely, unconditionally and irrevocably undertakes to provide such funds or other support to each Specified Borrower with respect to such Swap Obligation as may be needed by such Specified Borrower from time to time to each Guarantor that is not an “eligible contract participant” under the Commodity Exchange Act at the time the guarantee under this Guaranty becomes effective with respect to any Swap Obligation, to honor all of its obligations the Obligations of such Guarantor under such guarantee and the other Loan Documents this Guaranty in respect of such Swap Obligation Obligations (butprovided, in however, that each case, Qualified ECP Guarantor shall only up to be liable under this Section 28 for the maximum amount of such liability that can be hereby incurred without rendering such Qualified ECP Guarantor’s obligations and undertakings its undertaking under this Section 10.16 28, or otherwise under this Guaranty, voidable under Applicable applicable Law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations and undertakings undertaking of each Qualified ECP Guarantor under this Section 28 shall remain in full force and effect until termination of the Obligations have been indefeasibly Fully Paid Commitments and performedpayment in full of all Loans and other Obligations. Each Qualified ECP Guarantor intends that this Section to 28 constitute, and this Section 28 shall be deemed to constitute, a guarantee of the obligations of, and a “keepwell, support, or other agreement” for the benefit of, of each Specified Borrower for all purposes of Guarantor that would otherwise not constitute an “eligible contract participant” under the Commodity Exchange Act.
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