Examples of Bank Guaranty Agreement in a sentence
The obligations of the Lenders and the Collateral Agent under this Section 3.2 shall survive the repayment of the Senior Indebtedness and termination of the Bank Guaranty Agreement and the Note Agreement.
This Agreement shall terminate upon the payment in full of all Senior Indebtedness and the termination of the Credit Agreement, Bank Guaranty Agreement and the Note Agreement.
Upon the effectiveness of the termination and release of the Bank Guaranty Agreement pursuant to the preceding sentence, CEC is hereby authorized to take any action to evidence such release and termination, including the filing of UCC-3 termination statements, and the Consenting Creditors hereby authorize and direct the Agent (as defined in the Bank Guaranty Agreement) to take all actions reasonably requested by CEC to evidence such termination.
Each Consenting Creditor hereby consents to the termination of the Bank Guaranty Agreement and the termination and release of all of CEC’s obligations thereunder.
The termination and release of the Bank Guaranty Agreement shall become effective automatically upon the occurrence of both (a) the delivery of signature pages to the RSA by Consenting Creditors holding more than 50% of the First Lien Bank Claims and (b) the Effective Date.