Validity of Guarantees. Each Guarantor hereby confirms and agrees that, its guarantee under the Credit Agreement is, and shall continue to be, in full force and effect, and shall apply to all Obligations and such guarantee is hereby ratified and confirmed in all respects.
Validity of Guarantees. The Parent Guarantor and each other Guarantor, as a Guarantor under the Guarantee and Collateral Agreement hereby (i) acknowledges and agrees to the terms of this Amendment and (ii) confirms and agrees that notwithstanding the effectiveness of this Amendment, the Guarantee and Collateral Agreement is, and shall continue to be, in full force and effect and the Guarantee and Collateral Agreement is hereby ratified and confirmed in all respects, except that, on and after the effectiveness of this Amendment, each reference in the Guarantee and Collateral Agreement to the “Credit Agreement”, “thereunder”, “thereof” or words of like import shall mean and be a reference to the Credit Agreement, as amended by this Amendment.
Validity of Guarantees. Each and every guarantee must be valid for the (total or partial) term of the phase whose obligations are being secured, plus at least six (6) additional months. In the event of extensions to the terms of the Agreement, guarantees must also be extended or replaced by others of the same value, and the minimum validity equal to the time of the extension or the term remaining in the phase plus six (6) additional months.
Validity of Guarantees. Holdings and each Guarantor hereby (i) acknowledges and agrees to the terms of this Agreement and (ii) confirms and agrees that, its guarantee under the Guaranty and Collateral Agreement (or in the case of Holdings, under the Guaranty and Pledge Agreement) is, and shall continue to be, in full force and effect, and shall apply to all Obligations and such guarantee is hereby ratified and confirmed in all respects.
Validity of Guarantees. Each Guarantor hereby confirms and agrees that notwithstanding the effectiveness of this Amendment, the Guaranty is, and shall continue to be, in full force and effect and each is hereby ratified and confirmed in all respects.
Validity of Guarantees. Each of the Parent and the Subsidiary Guarantors has all requisite corporate power and authority to execute, deliver and perform each of its obligations under the Guarantees. The Guarantees to be endorsed on each of the Notes and the Exchange Notes have been duly and validly authorized by each of the Parent and the Subsidiary Guarantors and, when the Notes and the Exchange Notes are executed by the Issuer and authenticated by the Trustee in accordance with the provisions of the Indenture and, in the case of the Notes, delivered to and paid for by the Purchaser in accordance with the terms of this Agreement, will constitute a valid and legally binding obligation of each of the Parent and the Subsidiary Guarantors, entitled to the benefits of the Indenture and enforceable against the Parent and each Subsidiary Guarantor in accordance with their terms, except to the extent the enforcement thereof may be subject to (i) bankruptcy, insolvency, reorganization, moratorium or other similar laws now or hereafter in effect relating to creditors’ rights generally and (ii) general principles of equity (whether applied by a court of law or equity) and the discretion of the court before which any proceeding therefor may be brought.
Validity of Guarantees. 1. Each Guarantor, as a Guarantor under ARTICLE VII of the Credit Agreement hereby (i) acknowledges and agrees to the terms of this Agreement and (ii) confirms and agrees that, its guarantee under ARTICLE VII of the Credit Agreement is, and shall continue to be, in full force and effect, and shall apply to all Secured Obligations (including all Increase Term Loans) and its guarantee under ARTICLE VII of the Credit Agreement is hereby ratified and confirmed in all respects.
2. Holdings and each Guarantor that is a Foreign Subsidiary, as a guarantor under any Foreign Guarantee to which it is a party hereby (i) acknowledges and agrees to the terms of this Agreement and (ii) confirms and agrees that, its guarantees under any Foreign Guarantee to which it is a party are, and shall continue to be, in full force and effect, and shall apply to all Secured Obligations (including all Increase Term Loans) and its guarantees under any such Foreign Guarantees are hereby ratified and confirmed in all respects, except that, on and after the effectiveness of this Agreement, each reference in each Foreign Guarantee to the “Credit Agreement”, “thereunder”, “thereof” or words of like import shall mean and be a reference to the Credit Agreement, as amended by this Agreement.
Validity of Guarantees. (i) Each Guarantor hereby (i) acknowledges and agrees to the terms of this Amendment and (ii) confirms and agrees that notwithstanding the effectiveness of this Amendment, the Guaranty and Collateral Agreement is, and shall continue to be, in full force and effect and the Guaranty and Collateral Agreement is hereby ratified and confirmed in all respects, except that, on and after the effectiveness of this Amendment, each reference in the Guaranty and Collateral Agreement to the “Credit Agreement”, “thereunder”, “thereof” or words of like import shall mean and be a reference to the Credit Agreement, as amended by this Amendment.
(ii) Holdings, as a Guarantor (as defined in the Guaranty and Pledge Agreement) under the Guaranty and Pledge Agreement hereby (i) acknowledges and agrees to the terms of this Amendment and (ii) confirms and agrees that notwithstanding the effectiveness of this Amendment, the Guaranty and Pledge Agreement is, and shall continue to be, in full force and effect and the Guaranty and Pledge Agreement is hereby ratified and confirmed in all respects, except that, on and after the effectiveness of this Amendment, each reference in the Guaranty and Pledge Agreement to the “Credit Agreement”, “thereunder”, “thereof” or words of like import shall mean and be a reference to the Credit Agreement, as amended by this Amendment.
Validity of Guarantees. Each and every guarantee must be valid for the term of the phase whose obligations are being guaranteed, plus three (3) months more. In a case of extensions, guarantees must also be extended or replaced by others of the same value, with a minimum period of the time of the extension plus three (3) months more. RIO VERDE SECTOR EXPLORATION AND EXPLOITATION CONTRACT
22.6 Rejection Of Guarantees. ANH wixx reject guarantees provided by THE CONTRACTOR if they fail to comply with the requirements of this Clause. ANH wixx have one Month from the time of receipt and mentioned in Section 22.3, to advise THE CONTRACTOR of rejection, and to return the guarantee presented. THE CONTRACTOR will have 15 days calendar to correct the guarantees If not correct the guarantees, guarantees rejected will be understood not to have been delivered for the purposes of Section 22.3.
Validity of Guarantees. If the guarantees in clause 7.3.2 to 7.3.4 for any reason ceases to be valid or otherwise will expire, the Contractor shall provide NT with replacement guarantees no later than 21 days in advance of such expiry. If the Contractor fails to do so, NT may immediately call the outstanding balance of the existing guarantees and hold the proceeds as security for Contractor's compliance with his obligations and liabilities under the Contract. If Contractor subsequently provides guarantees as required, NT will return the balance of the proceeds. If the rating of the guarantee issuer drops below the threshold stipulated aboveNT, acting reasonably, shall have the right to renegotiate the guarantees or request guarantees from another bank or financial institution with sufficient rating. If the parties fail to agree, NT may withhold a proportionate share of the payment or call the outstanding balance of the guarantee and hold the proceeds as security for Contractor's compliance with his obligations and liabilities under the Contract. If Contractor subsequently provides new or amended guarantees acceptable toNt, NT will return the balance of the proceeds. If in accordance with the Contract the original Contract Price is increased by more than 5%, the Contractor shall submit new guarantees reflecting the increase in the Contract Price. The same obligation shall apply for each 5% increase in the Contract Price calculated from the date of any re- issued guarantees pursuant to this paragraph.
