Examples of Additional Guaranty in a sentence
This Note is given to evidence a loan in the amount of the Principal Sum made to the Borrower by the Lender (the Borrower’s receipt of which is hereby acknowledged), and is secured by the Guaranty and the Additional Guaranty.
The Administrative Agent shall have received, with counterparts for each Lender, the Micro Guaranty and an Additional Guaranty from each Initial Additional Guarantor, each in effect as of the Effective Date, dated the date hereof, duly executed and delivered by an Authorized Person of the relevant Guarantor.
If the Alternative Sale Structure is used, the Reserve Parcel Note shall also be guaranteed by an additional guaranty (the “Reserve Parcel Additional Guaranty”) from Newco2 (following Seller’s transfer of its member interests therein), which Reserve Parcel Additional Guaranty shall be in substantially the same form as the Reserve Parcel Guaranty.
The number of shares of SANZ Common Stock for which the Guaranty Warrants will be exerciseable shall equal the product of (i) 3,086,218 and (ii) a fraction, the numerator of which shall be the actual amount of the Additional Guaranty as of the end of such eighteen (18) month period, and the denominator of which shall be $2,000,000.
In the event of a Ratings Decline occurring after such release, the provisions of this Section 9(c) requiring the delivery of an Additional Guaranty or a Qualified Letter of Credit shall again apply.