Examples of Applicable Guarantors in a sentence
The Loan Guaranty of all Applicable Guarantors shall terminate on the Termination Date.
If acceleration of the time for payment of any of the Applicable Guaranteed Obligations is stayed upon the insolvency, bankruptcy, arrangement or reorganization of any Borrower within the applicable Borrower Group, all such amounts otherwise subject to acceleration under the terms of any agreement relating to the Applicable Guaranteed Obligations shall nonetheless be payable by the Applicable Guarantors forthwith on demand by the Agent, the Applicable Lender or the other applicable Secured Party.
It is not necessary for any Guaranteed Creditor to inquire into the capacity or powers of the Applicable Guarantors or any of their Subsidiaries or the officers, directors, partners or agents acting or purporting to act on their behalf, and any Guaranteed Obligations made or created in reliance upon the professed exercise of such powers shall be guaranteed hereunder.
Any payment by the Borrowers or other circumstance which operates to toll any statute of limitations as to the Borrowers shall operate to toll the statute of limitations as to the Applicable Guarantors.
The obligations of the Applicable Guarantors hereunder are independent of the obligations of any other guarantor, any other party or the Borrowers, and a separate action or actions may be brought and prosecuted against the Applicable Guarantors whether or not action is brought against any other guarantor, any other party or the Borrowers and whether or not any other guarantor, any other party or the Borrowers be joined in any such action or actions.
The Applicable Guarantors waive, to the fullest extent permitted by law, the benefit of any statute of limitations affecting its liability hereunder or the enforcement thereof.
Each Guarantor irrevocably and unconditionally guarantees, as a primary obligor and not merely as a surety, the due and punctual payment and performance of the Guaranteed Obligations of such Guarantor, jointly with the other Applicable Guarantors and severally.
The Underwriting Agreement, the Indenture and the Guarantees have each been duly authorized, executed and delivered by each of the Applicable Guarantors.
Each Subsidiary Guarantor (the "Applicable Guarantor") also agrees that, to the extent any other Subsidiary Guarantor makes any payment pursuant to its Subsidiary Guaranty, such Applicable Guarantor will be obligated to contribute to such other Subsidiary Guarantor an amount equal to the Applicable Guarantor's pro rata portion of such payment based on the respective net assets of all the Subsidiary Guarantors at the time of such payment determined in accordance with GAAP.
The fact that the guaranty is set forth in this Agreement rather than in a separate guaranty document is for the convenience of Borrower and Applicable Guarantors and shall in no way impair or adversely affect the rights or benefits of Lending Parties under this Section 10.14.