Examples of Existing Guarantees in a sentence
Existing Guarantees: Guarantees on existing building elements should not be affected by scope of work.
The obligations of Ashford Prime OP and Ashford Prime under this Section 8.1(c) shall continue as to each Existing Guarantee until such Existing Guarantee is terminated in accordance with its terms or Ashford Trust, Ashford Trust OP and their Affiliates, as applicable, are otherwise released in writing from such Existing Guarantees.
The Transferee shall be responsible for all costs relating to release of the Existing Guarantees.
These forward-looking statements are based on management's judgment as of the date of this press release and include certain risks and uncertainties.
Each of the Subsidiary Guarantors hereby irrevocably acknowledges, ratifies and confirms the Existing Guarantees to the Lender and individually agrees that the Existing Guarantees are and shall continue to be effective, valid, binding and enforceable against such Subsidiary Guarantor in accordance with their terms and conditions as a continuing guarantee for all the Obligations of the Borrower under the Loan Agreement, as amended.