Borrower Guaranty definition

Borrower Guaranty means an unconditional guaranty of payment substantially in the form of Exhibit D attached hereto, enforceable against the applicable Borrower for the payment of a Qualified Borrower’s debt or obligation to Lenders.

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Borrower Guaranty and “Borrower Guaranties” are defined in Section 2.9(c).

Borrower Guaranty means the Borrower Guaranty made by the Borrower in favor of the Administrative Agent on behalf of the Secured Parties, substantially in the form of Exhibit F.

Examples of Borrower Guaranty in a sentence

• The obligations of each Borrower Guarantor hereunder are those of primary obligor, and not merely as surety, and are independent of the Obligations and the obligations of any other guarantor, and a separate action may be brought against any Borrower Guarantor to enforce this Borrower Guaranty whether or not any Borrower or any other Person or entity is joined as a party.

• No Borrower Guarantor shall exercise any right of subrogation, contribution, indemnity, reimbursement or similar rights with respect to any payments it makes under this Borrower Guaranty until all of the Obligations and any amounts payable under this Borrower Guaranty have been paid and performed in full and the Commitments and the Facilities are terminated.

• For the avoidance of doubt, all obligations of each Borrower Guarantor under this Borrower Guaranty are joint and several obligations of all the Borrower Guarantors.

• The obligations of the Borrower Guarantors under this Section 11.06 shall survive termination of this Borrower Guaranty.

• Without limiting the generality of the foregoing, each Borrower Guarantor consents to the taking of, or failure to take, any action which might in any manner or to any extent vary the risks of the Borrower Guarantors under this Borrower Guaranty or which, but for this provision, might operate as a discharge of one or more of the Borrower Guarantor.

More Definitions of Borrower Guaranty

Borrower Guaranty means the guaranty of each Borrower pursuant to Section 14.

Borrower Guaranty means the joint and several obligation of each Borrower Guarantor to pay the Obligations of the other Borrowers pursuant to Section 14 of this Agreement.

Borrower Guaranty means the Obligations of a Borrower Guarantor undertaken pursuant to Article X.

Borrower Guaranty means a guaranty delivered by the Borrower in the form attached hereto as Exhibit D.

Borrower Guaranty means that certain Guaranty, dated as of even date herewith, pursuant to which the Borrower guaranties all Lithia Dealership obligations arising under any Wholesale Line, as it may be amended, restated or otherwise modified and in effect from time to time.

Borrower Guaranty means the Guaranty dated as of the Closing Date duly executed and delivered to Lender by each of the Borrowers substantially in the form of Exhibit B, as the same may be amended, supplemented or otherwise modified from time to time.

Borrower Guaranty means that certain Borrower Guaranty, dated as of the Agreement Date, made by the AMT Borrowers for the ratable benefit of the Administrative Agent, for itself and on behalf of the Lenders and the Issuing Bank, substantially in the form of Exhibit A attached hereto.