Common use of Pegasus Litigation Guaranty Clause in Contracts

Pegasus Litigation Guaranty. The Pegasus Litigation Guaranty shall be effective in accordance with its terms, and shall be valid and enforceable severally against the Pegasus Funds in an amount not less than the proposed aggregate face amount of the Litigation L/C, neither Pegasus Fund shall be in default or breach of any term or condition of the Pegasus Litigation Guaranty, and, if requested by any Lender, each Pegasus Fund shall have reaffirmed and ratified its obligations under the Pegasus Litigation Guaranty.

Pegasus Litigation Guaranty. The Pegasus Litigation Guaranty shall be effective in accordance with its terms, and shall be valid and enforceable severally against the Pegasus Funds in an amount not less than the proposed aggregate face requested principal amount of the Litigation L/C, Term Loan C and neither Pegasus Fund shall be in default or breach of any term or condition of the Pegasus Litigation Guaranty, and, if requested by any Lender, each Pegasus Fund shall have reaffirmed and ratified its obligations under the Pegasus Litigation Guaranty.

Pegasus Litigation Guaranty. The Pegasus Litigation Guaranty shall be effective in accordance with its terms, and shall be valid and enforceable severally against the Pegasus Funds in an amount not less than the proposed aggregate face amount of the Litigation L/C, C and neither Pegasus Fund shall be in default or breach of any term or condition of the Pegasus Litigation Guaranty, and, if requested by any Lender, each Pegasus Fund shall have reaffirmed and ratified its obligations under the Pegasus Litigation Guaranty.

Pegasus Litigation Guaranty. The Pegasus Litigation Guaranty shall be effective in accordance with its terms, and shall be valid and enforceable severally against the Pegasus Funds in an amount not less than the proposed aggregate face requested principal amount of the Litigation L/C, Term Loan C and neither Pegasus Fund shall be in default or breach of any term or condition of the Pegasus Litigation Guaranty, and, if requested by any Lender, each Pegasus Fund shall have reaffirmed and ratified its obligations under the Pegasus Litigation Guaranty.