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.
By its execution of the Consent and Agreement, the Company hereby agrees that it shall cause each Additional Guarantor and each Additional Pledgor to execute and deliver to Lenders a Consent and Agreement substantially in the form attached hereto concurrently with the delivery of its respective Additional Guaranty or Additional Pledge Agreement, as applicable.
In such circumstances, in the event the Additional Guaranty is not released (whether through repayment of the New Credit Facility, by mutual agreement of the parties thereto or otherwise) within the eighteen month (18) period following the initial effective date of the Additional Guaranty, then SANZ shall issue to Sun warrants exerciseable for shares of SANZ Common Stock in substantially the form attached hereto as Annex A (the “Guaranty Warrants”).