Ratification of Guaranty Agreement Sample Clauses

Ratification of Guaranty Agreement. The Guarantor hereby ratifies and confirms that the Guaranty Agreement remains in full force and effect and is hereby affirmed by the Guarantor.
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Ratification of Guaranty Agreement. Each U.S. Guarantor hereby consents and agrees to the execution of this Agreement and hereby confirms and agrees that (a) the U.S. Guaranty is, and shall continue to be, in full force and effect and is hereby ratified and confirmed in all respects except that, upon the effectiveness of this Agreement, (i) the reference in the U.S. Guaranty to the “Credit Agreement,” “thereunder,” “thereof” and words of like import referring to the Agreement, shall mean and be a reference to this Agreement and (ii) Section 2.12 of this Agreement and all relevant term defined terms shall be deemed to be incorporated therein, mutatis mutandis, and apply to any U.S. Guarantor party thereto, and (b) the U.S. Guaranty does, and shall continue to, constitute a guaranty of the Secured Indebtedness.
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Ratification of Guaranty Agreement. Each Guarantor hereby (a) reaffirms its respective obligations under that certain Continuing Agreement of Guaranty and Suretyship dated as of May 24, 2019 (as the same may from time to time be amended, restated, supplemented or otherwise modified from time to time, the “Guaranty Agreement”) and given to the Administrative Agent by the undersigned Guarantors, (b) reaffirms that its respective obligations under the Guaranty Agreement are separate and distinct from the Borrower’s obligations as borrower, and reaffirms its waivers of possible defenses to such obligations as set forth in the Guaranty Agreement, and (c) agrees that, notwithstanding the effectiveness of this First Amendment and the consummation of the transactions contemplated hereby, such guarantees shall continue to be in full force and effect and shall accrue to the benefit of the Administrative Agent and the Lenders. Each of the Guarantors further agrees to take any action that may be required or that is reasonably requested by the Administrative Agent to ensure compliance by the Borrower with the Credit Agreement and each of other Loan Documents. Neither this Section 13 nor the execution, delivery or effectiveness of this First Amendment shall extinguish the obligations outstanding under, or be construed as a substitution or novation of, the Guaranty Agreement, which shall remain in full force and effect, except to any extent modified hereby or by instruments executed concurrently herewith. This Section 13 shall be deemed to form a part of and shall be construed in connection with and as part of the Guaranty Agreement. Except as expressly amended hereby, all of the terms, covenants, representations, waivers and other provisions contained in the Guaranty Agreement shall continue unchanged and remain in full force and effect, and all such terms, covenants, representations, waivers and other provisions are hereby incorporated herein, as if fully set forth herein, mutatis mutandis.
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Ratification of Guaranty Agreement. Concurrently herewith Borrower shall cause Guarantor to enter into that certain Ratification and Amendment of Guaranty Agreement dated even date herewith (the "Ratification").
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Ratification of Guaranty Agreement. All terms and conditions of the Guaranty Agreement, unless expressly modified herein, are hereby ratified and confirmed and shall continue in full force and effect. "Guarantor" XXXX MOTOR FREIGHT LINE, INC. By /s/ Xxxxxxx X. O'Dell -------------------------- Name Xxxxxxx X. O'Dell Title President
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Ratification of Guaranty Agreement. All terms and conditions of the Guaranty Agreement, unless expressly modified herein, are hereby ratified and confirmed and shall continue in full force and effect.
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Ratification of Guaranty Agreement. The Guarantor, by execution of the ratification following the signature page hereof, hereby (i) agrees to this Amendment, (ii) ratifies and confirms the Guaranty, (iii) confirms that, after giving effect to the amendments provided for herein, the Guaranty shall continue in full force and effect, (iv) agrees that the that the Obligations guaranteed under the Guaranty Agreement additionally includes payment and performance under the $30,000,000 Promissory Note together with extensions, renewals and modifications thereof; and (v) represents that each representation and warranty set forth therein remains true and correct as of the date hereof, except to the extent they relate to a specific time.
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Related to Ratification of Guaranty Agreement

  • Ratification of Guaranty By its execution of this Addendum, CFSC ratifies and confirms its guaranty contained in Article IX of the Credit Agreement with respect to the Japan Local Currency Advances made pursuant to this Addendum which Guaranty remains in full force and effect.

  • Reaffirmation of Guaranty The Guarantors hereby ratify and affirm all of the terms, covenants, conditions and obligations of the Guaranty and acknowledge and agree that the term “Obligations” as used in the Guaranty shall apply to all of the Obligations of Seller to Buyer under the Repurchase Agreement, as amended hereby.

  • Confirmation of Guaranty Each of the Guarantors confirms that they have read and understand the Amendment. In order to induce the Lenders, the Administrative Agent and the other Agents to enter into the Amendment, each of the Guarantors: (i) consents to the Amendment and the transactions contemplated thereby; (ii) ratifies and confirms each of the Loan Documents to which it is a party; (iii) ratifies, agrees and confirms that it has been a Guarantor and a Loan Party at all times since it became a Guarantor and a Loan Party and from and after the date hereof, each Guarantor shall continue to be a Guarantor and a Loan Party in accordance with the terms of the Loan Documents, as the same may be amended in connection with the Amendment and the transactions contemplated thereby; and (iv) hereby ratifies and confirms its obligations under each of the Loan Documents (including all exhibits and schedules thereto), as the same may be amended in connection with the Amendment and the transactions contemplated thereby, by signing below as indicated and hereby acknowledges and agrees that nothing contained in any of such Loan Documents is intended to create, nor shall it constitute an interruption, suspension of continuity, satisfaction, discharge of prior duties, novation or termination of the indebtedness, loans, liabilities, expenses, guaranty or obligations of any of the Loan Parties under the Credit Agreement or any other such Loan Document.

  • Reaffirmation of Guaranties The Credit Parties signatory hereto hereby reaffirm their Guaranties of the Obligations, taking into account the provisions of this Amendment.

  • Termination of Guaranty The obligations of any Guarantor under this Guaranty shall automatically terminate in accordance with Section 9.14 of the Credit Agreement.

  • Confirmation of Guarantee The Guarantor hereby confirms and agrees that (i) the Guarantee is and shall continue to be in full force and effect and is otherwise hereby ratified and confirmed in all respects; and (ii) the Guarantee is and shall continue to be an unconditional and irrevocable guarantee of all of the Obligations (as defined in the Guarantee).

  • Release of Guaranty The Note Guaranty of a Guarantor will terminate upon

  • Limitation of Guaranty Any term or provision of this Guaranty or any other Loan Document to the contrary notwithstanding, the maximum aggregate amount for which any Guarantor shall be liable hereunder shall not exceed the maximum amount for which such Guarantor can be liable without rendering this Guaranty or any other Loan Document, as it relates to such Guarantor, subject to avoidance under applicable Requirements of Law relating to fraudulent conveyance or fraudulent transfer (including the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act and Section 548 of title 11 of the United States Code or any applicable provisions of comparable Requirements of Law) (collectively, “Fraudulent Transfer Laws”). Any analysis of the provisions of this Guaranty for purposes of Fraudulent Transfer Laws shall take into account the right of contribution established in Section 2.3 and, for purposes of such analysis, give effect to any discharge of intercompany debt as a result of any payment made under the Guaranty.

  • DURATION OF GUARANTY This Guaranty will take effect when received by Lender without the necessity of any acceptance by Lender, or any notice to Guarantor or to Borrower, and will continue in full force until all Obligations incurred, committed, or contracted before receipt by Lender of any notice of revocation shall have been fully and finally paid and satisfied and all other obligations of Guarantor under this Guaranty shall have been performed in full. If Guarantor elects to revoke this Guaranty, Guarantor may only do so in writing. Guarantor’s written notice of revocation must be delivered to Lender at the address of Lender listed below or such other place as Lender may designate in writing. This Guaranty may be revoked only with respect to the Obligations incurred or contracted by Borrower, or acquired or committed to by Lender after the date on which written notice of revocation is actually received by Lender. No notice of revocation hereof shall be effective as to any Obligations: (a) existing at the date of receipt of such notice; (b) incurred or contracted by Borrower, or acquired or committed to by Lender, prior to receipt of such notice; (c) now existing or hereafter created pursuant to or evidenced by the Loan Agreement or a commitment in existence prior to receipt of such notice under which Borrower is or may become obligated to Lender; or (d) renewals, extensions, consolidations, substitutions, and refinancings of the foregoing. Guarantor waives notice of revocation given by any other guarantor of the Obligations. If Guarantor is an individual, this Guaranty shall bind the estate of Guarantor as to Obligations created both before and after the death or incapacity of Guarantor, regardless of Lender’s actual notice of Guarantor’s death or incapacity. Subject to the foregoing, Guarantor’s executor or administrator or other legal representative may revoke this Guaranty in the same manner in which Guarantor might have revoked it and with the same effect. Release of any other guarantor of the Obligations, or termination or revocation of any other guaranty of the Obligations, shall not affect the liability of Guarantor under this Guaranty. Notwithstanding any provision to the contrary, it shall be an Event of Default under the Loan Agreement if Guarantor revokes, or disputes the validity of or liability under, this Guaranty or any of the Loan Documents. It is anticipated that fluctuations may occur in the aggregate amount of the Obligations covered by this Guaranty, and it is specifically acknowledged and agreed by Guarantor that reductions in the amount of the Obligations, even to zero dollars shall not constitute a termination of this Guaranty.

  • Subordination of Guarantee The guarantee and other liabilities and obligations of the Depositor under this Agreement shall constitute unsecured obligations of the Depositor and shall rank subordinate and junior in right of payment to all Senior Indebtedness (as defined in the Indenture) of the Depositor to the extent and in the manner set forth in the Indenture with respect to the Debentures, and the provisions of Article XIII of the Indenture will apply, mutatis mutandis, to the obligations of the Depositor hereunder. The obligations of the Depositor hereunder do not constitute Senior Indebtedness (as defined in the Indenture) of the Depositor.

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