Limited Guaranties Sample Clauses
A Limited Guaranties clause defines the specific obligations or liabilities that a guarantor is responsible for under an agreement, restricting the scope of the guarantor’s commitment. Typically, this clause will outline the maximum amount, duration, or particular obligations covered by the guaranty, such as guaranteeing only payment of a loan up to a certain sum or for a limited period. By clearly delineating the extent of the guarantor’s responsibility, this clause protects the guarantor from unlimited liability and provides certainty to all parties regarding the guaranty’s boundaries.
Limited Guaranties. CF Corp has delivered to the Company true, correct and complete copies of the fully executed Limited Guaranties. Each of the Limited Guaranties is in full force and effect and is a legal, valid and binding obligation of the parties thereto, enforceable in accordance with their respective terms.
Limited Guaranties a. CLASS HI: B-2 LIMITED GUARANTY
(i) No later than the third Business Day prior to each Payment Date, the Servicer (if other than the Company) shall notify the Company of the amount of the Class HI: B-2 Guaranty Payment (if any) for such Payment Date. Not later than the Business Day preceding each Payment Date, the Company shall deposit the Class HI: B-2 Guaranty Payment, if any, for such Payment Date into the Certificate Account. Any Class HI: B-2 Guaranty Payment shall be distributable to Class HI: B-2 Certificateholders pursuant to Section 8.01.
(ii) The obligations of the Company under this Section 8.03(a) shall not terminate upon or otherwise be affected by a Service Transfer pursuant to Article VII of this Agreement.
(iii) The obligation of the Company to provide the Class HI: B-2 Limited Guaranty under this Agreement shall terminate on the Final Payment Date.
(iv) The obligation of the Company to make the Class HI: B-2 Guaranty Payments described in subsection (i) above shall be unconditional and irrevocable. The Company acknowledges that its obligation to make the Class HI: B-2 Guaranty Payments described in subsection (i) above shall be deemed a guaranty by the Company of indebtedness of the Trust for money borrowed from the Class HI: B-2 Certificateholders.
(v) If the Company fails to make a Class HI: B-2 Guaranty Payment in whole or in part, the Company shall promptly notify the Trustee, and the Trustee shall promptly notify S&P and Fitch.
(vi) In consideration of providing the Class HI: B-2 Limited Guaranty, the Company shall be entitled to the Class HI: B-2 Guaranty Fee payable in accordance with Section 8.04(b)(15).
b. CLASS HE: B-2 LIMITED GUARANTY
(i) No later than the third Business Day prior to each Payment Date, the Servicer (if other than the Company) shall notify the Company of the amount of the Class HE: B-2 Guaranty Payment (if any) for such Payment Date. Not later than the Business Day preceding each Payment Date, the Company shall deposit the Class HE: B-2 Guaranty Payment, if any, for such Payment Date into the Certificate Account. Any Class HE: B-2 Guaranty Payment shall be distributable to Class HE: B-2 Certificateholders pursuant to Section 8.01.
(ii) The obligations of the Company under this Section 8.03(b) shall not terminate upon or otherwise be affected by a Service Transfer pursuant to Article VII of this Agreement.
(iii) The obligation of the Company to provide the Class HE: B-2 Limited Guaranty under this Agreement shal...
Limited Guaranties. Concurrently with the execution and delivery of this Agreement, M▇. ▇▇▇▇▇▇ ▇▇▇ has delivered to the Company the duly executed Limited Guaranty and China Wealth Growth Fund I L.P. has delivered to the Company the duly executed China Wealth Limited Guaranty. Each of the Limited Guaranties is in full force and effect and is a legal, valid and binding obligation of M▇. ▇▇▇▇▇▇ ▇▇▇ and China Wealth Growth Fund I L.P., respectively, except (a) as limited by general equitable principles and applicable bankruptcy, insolvency, reorganization, moratorium and other Laws of general application affecting enforcement of creditors’ rights generally, (b) as limited by Laws relating to the availability of specific performance, injunctive relief or other equitable remedies and (c) insofar as indemnification and contribution provisions may be limited by any applicable Law, and no event has occurred, which, with or without notice, lapse of time or both, would constitute a default on the part of M▇. ▇▇▇▇▇▇ ▇▇▇ or China Wealth Growth Fund I L.P., respectively, under the Limited Guaranty or the China Wealth Limited Guaranty, respectively.
Limited Guaranties. Each Limited Guaranty is in full force and effect and is a legal, valid and binding obligation of the Consortium Member or its Affiliate that executed it, subject to the Bankruptcy and Equity Exception, and no event has occurred, which, with or without notice, lapse of time or both, would constitute a default on the part of such Consortium Member or its Affiliate under the Limited Guaranty.
Limited Guaranties. Each of the individuals identified to the Agent as of the Closing Date and from time to time thereafter by the Borrower Representative (collectively, the "Limited Guarantors", which at all times shall not be an owner or ground lessee of Real Estate) shall severally guaranty such portion of the Obligations of the Borrowers as is set forth in each Limited Guaranty entered into as of the Closing Date and from time to time thereafter by each Limited Guarantor in favor of the Agent and the Lenders (as each may be amended, supplemented, modified or restated, collectively, the "Limited Guaranties"). Notwithstanding anything to the contrary contained herein, the Limited Guaranties may be amended, supplemented, modified, restated, or terminated and the identity of the Limited Guarantors may be changed, by the Borrower Representative upon written notice to the Agent.
Limited Guaranties. See ss.5.2.
Limited Guaranties. Parent has furnished the Company with a true, complete and correct copy of each Limited Guaranty. Each Limited Guaranty has been duly and validly executed and delivered by the Guarantor executing such Limited Guaranty and is in full force and effect. Each Limited Guaranty is a (a) legal, valid and binding obligation of the applicable Guarantor and (b) enforceable in accordance with its respective terms against such Guarantor, subject to the Bankruptcy and Equity Exception. As of the date of this Agreement, there is no default under any Limited Guaranty by any Guarantor, and no event has occurred that with the lapse of time or the giving of notice or both would constitute a default thereunder by any Guarantor.
Limited Guaranties. Concurrently with the execution of the Agreement, each Guarantor has delivered to the Company a duly executed Limited Guaranty. Each Limited Guaranty is in full force and effect and is a legal, valid and binding obligation of the relevant Guarantor, subject to the Bankruptcy and Equity Exception, and no event has occurred, which with or without notice, lapse of time or both, would constitute a default on the part of such Guarantor under its Limited Guaranty.
Limited Guaranties. The Obligations are and will continue to be supported by the unconditional limited guaranties of prompt payment of Harvard Sports, Inc., Indian Industries, Inc., Martin Yale Industries, ▇▇▇. ▇nd Escalade International, Limited, each of whom executed a Guaranty Agreement effective as of May 31, 1996. Each such entity shall execute and deliver on the date hereof a Reaffirmation of Guaranty in the form attached as Exhibit "B". Any other Subsidiary hereinafter formed or otherwise acquired by the Company shall also guaranty the Obligations which guaranty shall be evidenced by a Guaranty Agreement in the form of Exhibit "C".
Limited Guaranties. Concurrently with the execution of this Agreement, the Guarantors have delivered to the Company the duly executed Limited Guaranties. Each of the Limited Guaranties is in full force and effect and is the valid, binding and enforceable obligation of the Guarantor party thereto, except that such enforceability (a) may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar Laws affecting or relating to the enforcement of creditors' rights generally and (b) is subject to general principles of equity (regardless of whether considered in a proceeding in equity or at law). As of the date hereof, no event has occurred, which, with or without notice, lapse of time or both, would constitute a default on the part of any Guarantor under the Limited Guaranty provided by such Guarantor.