Common use of Seller’s Guarantor; Guaranty Amount; Guarantor Cross Default Amount Clause in Contracts

Seller’s Guarantor; Guaranty Amount; Guarantor Cross Default Amount. (i) Seller’s Guarantor, if any, is [Name of Guarantor]. Unless otherwise set forth in the immediately preceding sentence, the Guarantor set forth in this Section 1.07(b)(i) does not include any parent, subsidiary or Related Entity of Seller. (ii) Guarantor shall guarantee $[Performance Assurance Amount x 1.25]. (iii) The Guarantor Cross Default Amount, if any, equals $[ ]. {Buyer Comment: Guarantor Cross Default Amount must equal two percent of Guarantor's tangible net worth.}

Seller’s Guarantor; Guaranty Amount; Guarantor Cross Default Amount. (i) Seller’s Guarantor, if any, is [Name of Guarantor]. Unless otherwise set forth in the immediately preceding sentence, the Guarantor set forth in this Section 1.07(b)(i) does not include any parent, subsidiary or Related Entity of Seller. (ii) Guarantor shall guarantee $[Performance Assurance Amount x 1.25]. (iii) The Guarantor Cross Default Amount, if any, equals $[ ]. {Buyer Comment: Guarantor Cross Default Amount must equal two percent of Guarantor's ’s tangible net worth.}

Seller’s Guarantor; Guaranty Amount; Guarantor Cross Default Amount. (i) Seller’s Guarantor, if any, is [Name of Guarantor]is. Unless otherwise set forth in the immediately preceding sentence, the Guarantor set forth in this Section 1.07(b)(i) does not include any parent, subsidiary or Related Entity of Seller. (ii) Guarantor shall guarantee $[Performance Assurance Amount x 1.25]guarantee. (iii) The Guarantor Cross Default Amount, if any, equals $[ ]. {Buyer Comment: Guarantor Cross Default Amount must equal two percent of Guarantor's tangible net worth.}