New Guarantor Sample Clauses

The 'New Guarantor' clause establishes the process and requirements for adding a new party as a guarantor under an existing agreement. Typically, this clause outlines the conditions under which a new guarantor may be introduced, such as obtaining consent from relevant parties and ensuring the new guarantor agrees to be bound by the terms of the original guarantee. For example, if a company is acquired or restructures, a new entity may need to step in as guarantor. The core function of this clause is to provide a clear mechanism for maintaining the continuity and enforceability of guarantees, even as parties to the agreement change, thereby protecting the interests of the beneficiary.
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New Guarantor. Within 14 days of the death during the Term of any Guarantor or of such person becoming bankrupt or having a receiving order made against him or having a receiver appointed under the Mental Health ▇▇▇ ▇▇▇▇ or being a company passing a resolution to wind up or entering into liquidation or having a receiver appointed to give notice of this to the Landlord and if so required by the Landlord at the expense of the Tenant within 28 days to procure some other person acceptable to the Landlord such acceptance not to be unreasonably withheld to execute a guarantee in respect of the Tenant s obligations contained in this Lease in the form of the Guarantor s covenants contained in this Lease
New Guarantor. The guarantee provisions in this sublease are stronger. We suggest that the ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ . ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ .
New Guarantor. The Tenant will notify the Landlord within 20 Business Days if the Guarantor becomes Insolvent or any Guarantor being an individual (or if individuals any one of them) dies or lacks capacity for the purposes of section 2 of the Mental Capacity Act 2005. In any such case, if the Landlord requires, the Tenant will procure that within two months of such requirement some other person reasonably acceptable to the Landlord executes as a deed a guarantee in the terms of schedule 1 with such amendments as the Landlord reasonably requires.
New Guarantor. New Guarantor represents and warrants to Lender, as of the date of this Assumption Agreement, that: (i) New Guarantor has no knowledge that any of the representations and warranties made by Original Borrower or New Borrower in this Assumption Agreement are untrue, incomplete, or incorrect in any material respect. (ii) New Guarantor has a direct or indirect ownership or other financial interest in New Borrower and will derive a material benefit from the Assumption.
New Guarantor. The guarantee provisions in this sublease are stronger than most tenants would like. ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ . ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ .
New Guarantor. The New Guarantor agrees: ■ ■ ■ ■ ■ ■ ■ ■ . ■ ■ ■ ■ ■ ■ ■ ”). ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ .] ■ ■ , ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ , ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ; ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ; ■ ■ ■ ■ ■ ■ ■ ; ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ . ■ ■ .
New Guarantor. If a Guarantor becomes Insolvent or dies or has a receiver appointed under the Mental Health ▇▇▇ ▇▇▇▇, the Tenant will (if the Landlord so reasonably requires): (a) provide a new guarantor in place of the outgoing guarantor; (b) procure that the new guarantor enters into a deed in the material terms of the covenants contained in schedule 6; (c) pay to the Landlord within 14 days of written demand the Landlord’s reasonable and proper legal costs in connection with such deed.
New Guarantor. To notify the Landlord within twenty eight days of ------------- any of the following events: 4.21.1 If any Guarantor being an Individual (or if individuals any one of them) shall become bankrupt or shall make any assignment for the benefit of or enter into any arrangement with his creditors either by composition or otherwise or have any distress or other execution levied on his goods or have a receiver appointed under the Mental Health ▇▇▇ ▇▇▇▇ 4.21.2 If any Guarantor being an individual (or if individuals any one of them shall die 4.21.3 If any Guarantor being a body corporate (or if bodies corporate any one of them) has a winding up order made in respect of it other than a members' voluntary winding up of a solvent company for the purposes of amalgamation or reconstruction approved by the Landlord (such approval not to be unreasonably withheld) or has a received administrator or an administrative receiver appointed of it or any of its assets or has any distress or other execution levied on its goods or is dissolved or struck off the Register of Companies or (being a body corporate incorporated outside the United Kingdom) is dissolved or ceases to exist under the laws of its country or state of incorporation and if the Landlord so requires then at the Tenant's expense within twenty eight days of such requirement to procure that some other person or persons or body or bodies corporate reasonably acceptable to the Landlord shall execute a guarantee in the terms of Part 1 of Schedule 2 and agree and declare with the Landlord in the terms of Part 2 of Schedule 2 with in each case such amendments as the Landlord shall reasonably require in the circumstances
New Guarantor. Within twenty working days of the death during the Term of any person who has or shall have guaranteed to the Landlord the Tenant's obligations contained in this Lease or of such person becoming bankrupt or having a Receiving Order made against him or being a Company passing a Resolution to wind up or entering into liquidation or having a receiver or administrative receiver appointed then to give notice thereof to the Landlord and if so required by the Landlord at the expense of the Tenant within three months to procure some other person sufficient in the reasonable opinion of the Landlord to execute a guarantee in respect of the Tenant s obligations contained in this Lease in the form set out in the Fifth Schedule
New Guarantor. Within fourteen days of the Tenant becoming aware of the death during the Term of any person who has or shall have guaranteed to the Landlord the Tenants obligations contained in this Lease or of such person becoming bankrupt or having a Receiving Order made against him or being a Company passing a Resolution to wind up or entering into liquidation then to give notice thereof to the Landlord and if so required by the Landlord at the expense of the Tenant within twenty eight days to procure some other person reasonably acceptable to the Landlord to execute a guarantee in respect of the Tenants obligations contained in this Lease incorporating the covenants set out in the Fourth Schedule hereto