Demand Note Guaranty definition
Demand Note Guaranty means that certain Guaranty, dated as of the date hereof, of ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ ▇▇ and Verde Investments, Inc. in favor of the Program Agent, as amended, restated, supplemented or otherwise modified from time to time.
Demand Note Guaranty set forth in Section 1.01 of the Loan and Servicing Agreement are hereby deleted.
Examples of Demand Note Guaranty in a sentence
Nothing contained herein shall constitute a commitment on the part of any Committed Lender hereunder to agree to any such increase and (B) the Demand Note shall have been increased ratably in connection with such increase and each guarantor under the Demand Note Guaranty shall have reaffirmed its obligations thereunder, in each case pursuant to documentation in form and substance reasonably satisfactory to the Program Agent.
By executing below, the Borrower, the Servicer and the Lender each acknowledge that, on December 28, 2011, the Demand Note Guaranty (defined below) was terminated and released.